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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Mark One)
X QUARTERLY REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF
--- 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2001, OR
TRANSITION REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF
--- 1934 FOR THE TRANSITION PERIOD FROM TO
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Commission file number 1-3754
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GENERAL MOTORS ACCEPTANCE CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 38-0572512
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
200 Renaissance Center P.O. Box 200
Detroit, Michigan 48265-2000
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 313-556-5000
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The registrant meets the conditions set forth in General Instruction H(1) (a)
and (b) of Form 10-Q and is therefore filing this Form with the reduced
disclosure format.
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 of the Securities Exchange Act of 1934 during the
preceding 12 months, and (2) has been subject to such filing requirements for
the past 90 days. Yes X . No .
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As of June 30, 2001, there were outstanding 10 shares of the issuer's common
stock.
Documents incorporated by reference. None.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GENERAL MOTORS ACCEPTANCE CORPORATION
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(Registrant)
s/ WILLIAM F. MUIR
Dated: August 29, 2001 --------------------------------------------------
--------------- William F. Muir, Executive Vice
President and Chief Financial Officer and Director
s/ GERALD E. GROSS
Dated: August 29, 2001 --------------------------------------------------
--------------- Gerald E. Gross, Controller and
Principal Accounting Officer
Exhibit 20
Page 2 of 8
GENERAL MOTORS ACCEPTANCE CORPORATION
CONSOLIDATED STATEMENT OF INCOME,
NET INCOME RETAINED FOR USE IN THE BUSINESS AND
COMPREHENSIVE INCOME
Period Ended June 30,
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Second Quarter Six Months
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2001 2000 2001 2000
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(in millions of dollars)
Financing Revenue
Retail and lease financing $ 1,276.4 $ 1,127.4 $ 2,504.5 $ 2,271.8
Operating leases 1,857.4 1,996.3 3,778.1 4,008.2
Wholesale, commercial and other loans 624.6 704.2 1,377.2 1,327.3
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Total financing revenue 3,758.4 3,827.9 7,659.8 7,607.3
Interest and discount 1,945.3 2,027.3 4,065.4 3,936.9
Depreciation on operating leases 1,197.3 1,282.3 2,473.1 2,612.7
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Net financing revenue 615.8 518.3 1,121.3 1,057.7
Insurance premiums earned 500.9 466.0 1,004.7 928.1
Mortgage revenue 1,381.2 877.0 2,571.5 1,736.8
Other income 777.4 584.5 1,558.4 1,104.1
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Net financing revenue and other 3,275.3 2,445.8 6,255.9 4,826.7
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Expenses
Salaries and benefits 512.2 452.9 1,019.0 922.6
Amortization of intangibles 321.8 150.7 525.9 304.8
Other operating expenses 1,009.1 715.1 1,922.5 1,373.1
Insurance losses and loss adjustment expenses 473.2 369.7 873.9 730.1
Provision for credit losses 275.3 130.3 535.7 237.7
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Total expenses 2,591.6 1,818.7 4,877.0 3,568.3
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Income before income taxes 683.7 627.1 1,378.9 1,258.4
United States, foreign and other income taxes 234.3 232.0 498.8 466.0
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Income before cumulative effect of accounting change 449.4 395.1 880.1 792.4
Cumulative effect of accounting change -- -- 34.3 --
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Net Income 449.4 395.1 914.4 792.4
Retained earnings at beginning of the period 9,028.5 9,201.2 9,028.5 8,803.9
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Total 9,477.9 9,596.3 9,942.9 9,596.3
Cash dividends -- -- -- --
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Retained Earnings At End Of The Period 9,477.9 9,596.3 9,942.9 9,596.3
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Total Comprehensive Income $ 447.2 $ 300.6 $ 689.9 $ 657.5
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Certain amounts for 2000 have been reclassified to conform with 2001
classifications. Reference should be made to the Notes to Consolidated Financial
Statements.