AMERICAN HONDA FINANCE CORP
CIK:0000864270|SEC Filings
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues: | ||
| Retail | $ 788 | $ 762 |
| Dealer | 65 | 69 |
| Operating leases | 1,867 | 1,767 |
| Total revenues | 2,720 | 2,598 |
| Leased vehicle expenses | 1,235 | 1,180 |
| Interest expense | 675 | 676 |
| Net revenues | 810 | 742 |
| Other income, net | 35 | 43 |
| Total net revenues | 845 | 785 |
| Expenses: | ||
| General and administrative expenses | 145 | 136 |
| Provision for credit losses | 86 | 103 |
| Early termination loss on operating leases | 49 | 47 |
| (Gain)/Loss on derivative instruments | 43 | (744) |
| (Gain)/Loss on foreign currency revaluation of debt | (42) | 731 |
| Total expenses | 281 | 273 |
| Income before income taxes | 564 | 512 |
| Income tax expense | 148 | 137 |
| Net income | 416 | 375 |
| Less: Net income attributable to noncontrolling interest | 25 | 28 |
| Net income attributable to American Honda Finance Corporation | $ 391 | $ 347 |
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions |
Jun. 30, 2026 |
Mar. 31, 2026 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 1,843 | $ 2,487 |
| Finance receivables, net of allowance for credit losses of $450 and $436 | 54,888 | 54,343 |
| Investment in operating leases, net | 32,747 | 32,316 |
| Income taxes receivable | 156 | 101 |
| Other assets | 1,211 | 1,243 |
| Derivative instruments | 544 | 569 |
| Total assets | 91,576 | 91,206 |
| Liabilities and Equity | ||
| Debt | 65,184 | 64,788 |
| Income taxes payable | 63 | 35 |
| Deferred income taxes | 5,922 | 5,774 |
| Derivative instruments | 604 | 661 |
| Total liabilities | 73,499 | 73,497 |
| Commitments and contingencies (Note 8) | ||
| Shareholder’s equity: | ||
| Common stock, $100 par value. Authorized 15,000,000 shares; issued and outstanding 13,660,000 shares as of June 30, 2026 and March 31, 2026 | 1,366 | 1,366 |
| Retained earnings | 15,760 | 15,369 |
| Accumulated other comprehensive loss | (195) | (170) |
| Total shareholder’s equity | 16,931 | 16,565 |
| Noncontrolling interest in subsidiary | 1,146 | 1,144 |
| Total equity | 18,077 | 17,709 |
| Total liabilities and equity | 91,576 | 91,206 |
| Variable Interest Entity, Primary Beneficiary | ||
| Assets | ||
| Finance receivables, net of allowance for credit losses of $450 and $436 | 15,791 | 16,149 |
| Other assets | 679 | 695 |
| Total assets | 16,470 | 16,844 |
| Liabilities and Equity | ||
| Debt | 14,908 | 15,344 |
| Due to Parent and affiliated companies and Other liabilities | 24 | 24 |
| Total liabilities | 14,932 | 15,368 |
| Nonrelated Party and Affiliated Entity | ||
| Liabilities and Equity | ||
| Due to Parent and affiliated companies and Other liabilities | 1,585 | 2,059 |
| Affiliated Entity | ||
| Assets | ||
| Due from Parent and affiliated companies | 187 | 147 |
| Liabilities and Equity | ||
| Due to Parent and affiliated companies and Other liabilities | $ 141 | $ 180 |