Overview
When it comes to commercial cars and trucks, Element Fleet Management (formerly GE Capital Fleet Services) makes savings look hip. The corporate vehicle fleet manager helps businesses evaluate fleet operations to cut costs and improve efficiency -- operationally and financially. It has more than 1.4 million cars under lease and service management contracts in North America, Europe, and the Asia/Pacific region. Along with vehicle financing and
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Read More acquisition, GE Fleet Services also offers maintenance and fuel purchasing programs. Element Financial Corporation acquired the company from GE in 2015 for $5 billion.
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Read More acquisition, GE Fleet Services also offers maintenance and fuel purchasing programs. Element Financial Corporation acquired the company from GE in 2015 for $5 billion.
Read Less
Laura Dottori-Attanasio
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Management, Scientific, and Technical Consulting Services
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Professional, Scientific, and Technical Services
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Materials mgmt. (purchasing, handling, inventory) consultant
Accounting, Tax Preparation, Bookkeeping, and Payroll Services
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Advertising, Public Relations, and Related Services
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Architectural, Engineering, and Related Services
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Computer Systems Design and Related Services
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Legal Services
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Other Professional, Scientific, and Technical Services
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Scientific Research and Development Services
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Specialized Design Services
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Actual
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Actual
$1.09 billion
Actual
15.34%
12.02%
$12,700
DEC
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Toronto:EFN
Contacts
Get in Touch with 13 Principals* and 145 Contacts
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Laura Dottori-AttanasioPresident
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$1.09 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | -$107 | -$971 | $169 |
| Net Investing Cash | -$158 | -$75 | -$48 |
| Net Financing Cash | $455 | $1,054 | -$6 |
| Net Change in Cash | $190 | $9 | $115 |
| Cash at Beginning of Period | $96 | $51 | $33 |
| Cash at End of Period | $129 | $96 | $51 |
| Capital Expenditure | -$77 | -$76 | -$51 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $129 | $96 | $51 |
| Accounts Receivable | $1,087 | $852 | $751 |
| Inventories | $ | $ | $ |
| Other Current Assets | $6,966 | $6,824 | $5,673 |
| Asset Summary | |||
| Total Current Assets | $8,181 | $7,773 | $6,475 |
| Tangible Fixed Assets | $2,548 | $2,749 | $2,128 |
| Intangible Assets | $642 | $638 | $637 |
| Total Assets | $12,701 | $12,431 | $10,560 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short-Term Debt | $ | $ | $285 |
| Other Current Liabilities | $1,338 | $1,208 | $1,080 |
| Liability Summary | |||
| Total Current Liabilities | $1,338 | $1,208 | $1,365 |
| Long-Term Debt | $8,453 | $8,129 | $6,359 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $9,926 | $9,487 | $7,848 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $2,264 | $2,109 | $2,113 |
| Retained Earnings | $650 | $425 | $95 |
| Equity Summary | |||
| Total Equity | $2,774 | $2,944 | $2,712 |
| Shares Outstanding | 404,502,366 | 389,168,735 | 392,495,287 |