Associates First Capital Corporation (ASFZ)

Associates First Capital Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Jun 30, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007
Interest and Dividend Income	4,556	5,036	6,245	7,470	8,836	8,484
Total Interest Expense	1,385	1,542	1,638	1,948	2,810	3,714
Net Interest Income	3,171	3,494	4,607	5,522	6,026	4,770
Commissions and Fees	129	183	295	280	234	211
Other Revenue	354	587	623	521	587	606
Revenue Before Loan Losses	3,654	4,264	5,525	6,323	6,847	5,587
Provision for Loan Losses	1,779	1,707	2,516	4,354	5,020	2,786
Revenue	1,875	2,557	3,009	1,969	1,827	2,801
Revenue Growth (YoY)	-33.96%	-15.02%	52.82%	7.77%	-34.77%	-25.35%
Salaries & Employee Benefits	676	749	830	827	1,095	1,056
Other Operating Expenses	809	1,098	1,111	1,308	1,758	1,110
Total Operating Expenses	1,485	1,847	1,941	2,135	2,853	2,166
Operating Income	390	710	1,068	-166	-1,026	635
EBT Excluding Unusual Items	390	710	1,068	-166	-1,026	635
Pretax Income	390	710	1,068	-166	-1,026	635
Income Tax Expense	174	295	367	-131	-310	205
Net Income	216	415	701	-35	-716	430
Net Income to Common	216	415	701	-35	-716	430
Net Income Growth	-68.51%	-40.80%	-	-	-	-62.48%
Operating Margin	20.80%	27.77%	35.49%	-8.43%	-56.16%	22.67%
Profit Margin	11.52%	16.23%	23.30%	-1.78%	-39.19%	15.35%
Effective Tax Rate	44.62%	41.55%	34.36%	-	-	32.28%

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.