v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash $ 84,975 $ 446,946
Restricted cash and cash equivalents 367,453 386,397
Receivables, less allowance for credit losses of $141,660 and $129,983, respectively 14,000,141 13,992,556
Equipment on operating leases, net 1,506,005 1,422,001
Equipment held for sale 42,331 48,873
Goodwill 108,314 107,068
Other intangible assets, net 21,289 19,366
Other assets 115,360 102,416
TOTAL 16,454,870 16,926,908
Liabilities:    
Short-term debt (including current maturities of long-term debt) 5,275,007 5,869,500
Accounts payable and other accrued liabilities 756,178 787,612
Long-term debt 8,728,806 8,666,627
Total liabilities 14,835,342 15,323,739
Commitments and contingent liabilities (Note 12)
Stockholder's equity:    
Member's capital
Paid-in capital 918,201 918,335
Accumulated other comprehensive loss (159,503) (178,447)
Retained earnings 860,830 863,281
Total stockholder's equity 1,619,528 1,603,169
TOTAL 16,454,870 16,926,908
Related Party    
ASSETS    
Affiliated accounts and notes receivable 209,002 $ 401,285
Liabilities:    
Affiliated debt $ 75,351