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CNH Industrial Capital LLC – ‘10-K’ for 12/31/19 – ‘R62’

On:  Tuesday, 3/3/20, at 4:10pm ET   ·   For:  12/31/19   ·   Accession #:  1558370-20-1961   ·   File #:  0-55510

Previous ‘10-K’:  ‘10-K’ on 3/1/19 for 12/31/18   ·   Next:  ‘10-K’ on 3/3/21 for 12/31/20   ·   Latest:  ‘10-K’ on 3/15/24 for 12/31/23   ·   2 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/03/20  CNH Industrial Capital LLC        10-K       12/31/19   80:21M                                    Toppan Merrill Bridge/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.68M 
 2: EX-10.2     Material Contract                                   HTML     73K 
 3: EX-10.3     Material Contract                                   HTML    109K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     30K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     31K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     27K 
55: R1          Document and Entity Information                     HTML     54K 
26: R2          Consolidated Statements of Income                   HTML     85K 
36: R3          Consolidated Statements of Comprehensive Income     HTML     49K 
79: R4          Consolidated Balance Sheets                         HTML     97K 
54: R5          Consolidated Balance Sheets (Parenthetical)         HTML     47K 
25: R6          Consolidated Statements of Cash Flows               HTML    103K 
35: R7          Consolidated Statements of Changes in               HTML     56K 
                Stockholder's Equity                                             
80: R8          Nature of Operations                                HTML     29K 
53: R9          Summary of Significant Accounting Policies          HTML     67K 
24: R10         Accumulated Other Comprehensive Income              HTML    167K 
33: R11         Receivables                                         HTML    640K 
71: R12         Equipment on Operating Leases                       HTML     48K 
46: R13         Goodwill and Intangible Assets                      HTML     50K 
22: R14         Other Assets                                        HTML     41K 
32: R15         Credit Facilities and Debt                          HTML    375K 
70: R16         Income Taxes                                        HTML    170K 
45: R17         Financial Instruments                               HTML    158K 
21: R18         Geographical Information                            HTML    162K 
34: R19         Related - Party Transactions                        HTML    126K 
68: R20         Commitments and Contingencies                       HTML     27K 
62: R21         Supplemental Condensed Consolidating Financial      HTML   1.10M 
                Information                                                      
18: R22         Supplemental Quarterly Information (Unaudited)      HTML    112K 
44: R23         Summary of Significant Accounting Policies          HTML    114K 
                (Policies)                                                       
67: R24         Accumulated Other Comprehensive Income (Tables)     HTML    168K 
61: R25         Receivables (Tables)                                HTML    633K 
17: R26         Equipment on Operating Leases (Tables)              HTML     49K 
43: R27         Goodwill and Intangible Assets (Tables)             HTML     51K 
69: R28         Other Assets (Tables)                               HTML     40K 
60: R29         Credit Facilities and Debt (Tables)                 HTML    375K 
47: R30         Income Taxes (Tables)                               HTML    174K 
73: R31         Financial Instruments (Tables)                      HTML    147K 
30: R32         Geographical Information (Tables)                   HTML    163K 
19: R33         Related-Party Transactions (Tables)                 HTML    123K 
48: R34         Supplemental Condensed Consolidating Financial      HTML   1.11M 
                Information (Tables)                                             
75: R35         Supplemental Quarterly Information (Unaudited)      HTML    111K 
                (Tables)                                                         
31: R36         Summary of Significant Accounting Policies          HTML     34K 
                (Details)                                                        
20: R37         Summary of Significant Accounting Policies -        HTML     36K 
                Change in Accounting Principle (Details)                         
49: R38         ACCUMULATED OTHER COMPREHENSIVE INCOME - Change in  HTML     61K 
                Components of AOCI (Details)                                     
72: R39         ACCUMULATED OTHER COMPREHENSIVE INCOME -            HTML     51K 
                Reclassifications out of AOCI (Details)                          
56: R40         RECEIVABLES - Summary of Receivables (Details)      HTML     70K 
64: R41         RECEIVABLES - Receivables Securitizations           HTML     48K 
                (Details)                                                        
41: R42         RECEIVABLES - Allowance for Credit Losses Activity  HTML     78K 
                (Details)                                                        
15: R43         RECEIVABLES - Breakdown of Receivables by Credit    HTML     51K 
                Quality Indicators (Details)                                     
57: R44         RECEIVABLES - Aging of Receivables (Details)        HTML     79K 
65: R45         RECEIVABLES - Impaired Receivables (Details)        HTML     66K 
42: R46         RECEIVABLES - Troubled Debt Restructuring of        HTML     35K 
                Receivables (Details)                                            
16: R47         Equipment on Operating Leases (Details)             HTML     53K 
58: R48         Goodwill and Intangible Assets (Details)            HTML     59K 
63: R49         Other Assets (Details)                              HTML     36K 
77: R50         Credit Facilities and Debt (Details)                HTML    167K 
52: R51         Income Taxes (Details)                              HTML     97K 
28: R52         Income Taxes - Components of Deferred Tax Assets    HTML     48K 
                and Liabilities (Details)                                        
38: R53         INCOME TAXES - Reconciliation of Tax Contingencies  HTML     54K 
                and Unrecognized Tax Benefits (Details)                          
76: R54         FINANCIAL INSTRUMENTS - Generial Information        HTML     27K 
                (Details)                                                        
51: R55         FINANCIAL INSTRUMENTS - Fair Market Value of        HTML     59K 
                Derivatives (Details)                                            
27: R56         FINANCIAL INSTRUMENTS - Items Measured at Fair      HTML     43K 
                Value (Details)                                                  
37: R57         FINANCIAL INSTRUMENTS - Fair Value on a             HTML     33K 
                Nonrecurring Basis and Other Financial Instruments               
                (Details)                                                        
78: R58         FINANCIAL INSTRUMENTS - Carrying Amount and         HTML     33K 
                Estimated Fair Value (Details)                                   
50: R59         Geographical Information (Details)                  HTML     77K 
14: R60         Related Party Transactions (Details)                HTML     79K 
40: R61         Commitments and Contingencies (Details)             HTML     30K 
66: R62         SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL      HTML    157K 
                INFORMATION - Statements of Comprehensive Income                 
                (Details)                                                        
59: R63         SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL      HTML    111K 
                INFORMATION - Balance Sheets (Details)                           
13: R64         SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL      HTML     84K 
                INFORMATION - Statements of Cash Flows (Details)                 
39: R65         Supplemental Quarterly Information (Unaudited)      HTML     44K 
                (Details)                                                        
23: XML         IDEA XML File -- Filing Summary                      XML    143K 
74: EXCEL       IDEA Workbook of Financial Reports                  XLSX    115K 
 7: EX-101.INS  XBRL Instance -- cnhc-20191231                       XML   7.59M 
 9: EX-101.CAL  XBRL Calculations -- cnhc-20191231_cal               XML    231K 
10: EX-101.DEF  XBRL Definitions -- cnhc-20191231_def                XML    653K 
11: EX-101.LAB  XBRL Labels -- cnhc-20191231_lab                     XML   1.50M 
12: EX-101.PRE  XBRL Presentations -- cnhc-20191231_pre              XML   1.07M 
 8: EX-101.SCH  XBRL Schema -- cnhc-20191231                         XSD    200K 
29: ZIP         XBRL Zipped Folder -- 0001558370-20-001961-xbrl      Zip    307K

‘R62’   —   SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION – Statements of Comprehensive Income (Details)

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.19.3.a.u2
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Comprehensive Income (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
REVENUES                      
Interest income on retail notes and finance leases                 $ 218,454 $ 201,269 $ 201,533
Interest income on wholesale notes                 67,773 66,899 65,721
Interest and other income from affiliates                 345,789 345,933 398,258
Rental income on operating leases                 243,044 241,582 251,609
Other income                 25,829 22,671 21,811
Total revenues $ 225,352 $ 224,356 $ 229,112 $ 222,069 $ 214,561 $ 211,281 $ 226,141 $ 226,371 900,889 878,354 938,932
Interest expense:                      
Interest expense to third parties                 333,147 317,747 311,128
Interest expense to affiliates                 14,126 7,533 11,442
Total interest expense 84,866 88,779 85,247 88,381 86,491 81,557 78,804 78,428 347,273 325,280 322,570
Administrative and operating expenses:                      
Fees charged by affiliates                 46,601 47,475 46,431
Provision (benefit) for credit losses                 35,703 31,699 40,898
Depreciation of equipment on operating leases                 229,652 231,805 280,765
Other expenses                 48,446 43,778 44,827
Total administrative and operating expenses 97,431 86,091 94,183 82,697 90,118 83,332 85,287 96,020 360,402 354,757 412,921
Total expenses                 707,675 680,037 735,491
Income (loss) before income taxes and equity in income of consolidated subsidiaries accounted for under the equity method                 193,214 198,317 203,441
Income tax provision (benefit) 7,568 12,965 11,898 11,780 6,819 8,111 14,422 12,120 44,211 41,472 (47,048)
NET INCOME $ 35,487 $ 36,521 $ 37,784 $ 39,211 $ 31,133 $ 38,281 $ 47,628 $ 39,803 149,003 156,845 250,489
COMPREHENSIVE INCOME                 172,203 110,009 294,462
CNH Industrial Capital LLC                      
REVENUES                      
Interest and other income from affiliates                 50,877 70,880 100,033
Total revenues                 50,877 70,880 100,033
Interest expense:                      
Interest expense to third parties                 163,358 156,839 164,836
Total interest expense                 163,358 156,839 164,836
Administrative and operating expenses:                      
Other expenses                 24 22  
Total administrative and operating expenses                 24 22  
Total expenses                 163,382 156,861 164,836
Income (loss) before income taxes and equity in income of consolidated subsidiaries accounted for under the equity method                 (112,505) (85,981) (64,803)
Income tax provision (benefit)                 (27,470) (20,995) (24,331)
Equity in income of consolidated subsidiaries accounted for under the equity method                 234,038 221,831 290,961
NET INCOME                 149,003 156,845 250,489
COMPREHENSIVE INCOME                 172,203 110,009 294,462
Guarantor Entities                      
REVENUES                      
Interest income on retail notes and finance leases                 15,630 9,170 16,206
Interest income on wholesale notes                 (1,051) (1,030) (1,107)
Interest and other income from affiliates                 204,027 200,821 243,273
Rental income on operating leases                 189,019 187,089 197,859
Other income                 89,768 87,710 94,408
Total revenues                 497,393 483,760 550,639
Interest expense:                      
Interest expense to third parties                 (28,393) (8,767) 2,125
Interest expense to affiliates                 82,408 199,890 236,267
Total interest expense                 54,015 191,123 238,392
Administrative and operating expenses:                      
Fees charged by affiliates                 44,700 45,545 44,666
Provision (benefit) for credit losses                 14,492 8,445 11,090
Depreciation of equipment on operating leases                 186,174 189,228 235,911
Other expenses                 35,678 18,249 33,176
Total administrative and operating expenses                 281,044 261,467 324,843
Total expenses                 335,059 452,590 563,235
Income (loss) before income taxes and equity in income of consolidated subsidiaries accounted for under the equity method                 162,334 31,170 (12,596)
Income tax provision (benefit)                 38,305 11,010 (148,033)
Equity in income of consolidated subsidiaries accounted for under the equity method                 110,009 201,671 155,524
NET INCOME                 234,038 221,831 290,961
COMPREHENSIVE INCOME                 $ 257,238 174,995 334,934
CNH Industrial Capital America LLC                      
Condensed Statements of Comprehensive Income                      
Ownership percentage 100.00%               100.00%    
New Holland Credit Company LLC                      
Condensed Statements of Comprehensive Income                      
Ownership percentage 100.00%               100.00%    
All Other Subsidiaries                      
REVENUES                      
Interest income on retail notes and finance leases                 $ 202,824 192,099 185,327
Interest income on wholesale notes                 68,824 67,929 66,828
Interest and other income from affiliates                 202,931 297,443 326,346
Rental income on operating leases                 54,025 54,493 53,750
Other income                 2,331 2,842 1,906
Total revenues                 530,935 614,806 634,157
Interest expense:                      
Interest expense to third parties                 198,182 169,675 144,167
Interest expense to affiliates                 43,764 30,854 46,569
Total interest expense                 241,946 200,529 190,736
Administrative and operating expenses:                      
Fees charged by affiliates                 68,171 69,811 76,268
Provision (benefit) for credit losses                 21,211 23,254 29,808
Depreciation of equipment on operating leases                 43,478 42,577 44,854
Other expenses                 12,744 25,507 11,651
Total administrative and operating expenses                 145,604 161,149 162,581
Total expenses                 387,550 361,678 353,317
Income (loss) before income taxes and equity in income of consolidated subsidiaries accounted for under the equity method                 143,385 253,128 280,840
Income tax provision (benefit)                 33,376 51,457 125,316
NET INCOME                 110,009 201,671 155,524
COMPREHENSIVE INCOME                 126,963 161,250 192,936
Eliminations                      
REVENUES                      
Interest and other income from affiliates                 (112,046) (223,211) (271,394)
Other income                 (66,270) (67,881) (74,503)
Total revenues                 (178,316) (291,092) (345,897)
Interest expense:                      
Interest expense to affiliates                 (112,046) (223,211) (271,394)
Total interest expense                 (112,046) (223,211) (271,394)
Administrative and operating expenses:                      
Fees charged by affiliates                 (66,270) (67,881) (74,503)
Total administrative and operating expenses                 (66,270) (67,881) (74,503)
Total expenses                 (178,316) (291,092) (345,897)
Equity in income of consolidated subsidiaries accounted for under the equity method                 (344,047) (423,502) (446,485)
NET INCOME                 (344,047) (423,502) (446,485)
COMPREHENSIVE INCOME                 $ (384,201) $ (336,245) $ (527,870)

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/3/20
For Period end:12/31/19
9/30/1910-Q
6/30/1910-Q
3/31/1910-Q
12/31/1810-K
9/30/1810-Q
6/30/1810-Q
3/31/1810-Q
12/31/1710-K
 List all Filings 

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/01/20  CNH Industrial Capital LLC        424B2                  1:846K                                   Toppan Merrill-FA
 9/29/20  CNH Industrial Capital LLC        424B5                  1:845K                                   Toppan Merrill-FA
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Filing Submission 0001558370-20-001961   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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