Toyota Motor Credit Earnings 2019-06-30

TMCC 10Q Quarterly Report

Balance Sheet	Income Statement	Cash Flow

10-Q 1 tmcc-10q_20190630.htm 10-Q tmcc-10q_20190630.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2019

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______________ to _______________

Commission File Number 1-9961

TOYOTA MOTOR CREDIT CORPORATION

(Exact name of registrant as specified in its charter)

California		95-3775816
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

6565 Headquarters Drive Plano, Texas		75024
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: (469) 486-9300

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Medium-Term Notes, Series B

Stated Maturity Date January 11, 2028

TM/28

New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of July 31, 2019, the number of outstanding shares of capital stock, no par value per share, of the registrant was 91,500, all of which shares were held by Toyota Financial Services International Corporation.

Reduced Disclosure Format

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.

TOYOTA MOTOR CREDIT CORPORATION

FORM 10-Q

For the quarter ended June 30, 2019

INDEX
PART I	3
Item 1. Financial Statements	3
Consolidated Statements of Income	3
Consolidated Statements of Comprehensive Income	3
Consolidated Balance Sheets	4
Consolidated Statements of Shareholder’s Equity	5
Consolidated Statements of Cash Flows	6
Notes to Consolidated Financial Statements	7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	41
Item 3. Quantitative and Qualitative Disclosures About Market Risk	65
Item 4. Controls and Procedures	65
PART II	66
Item 1. Legal Proceedings	66
Item 1A. Risk Factors	66
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	66
Item 3. Defaults Upon Senior Securities	66
Item 4. Mine Safety Disclosures	66
Item 5. Other Information	66
Item 6. Exhibits	67
Signatures	68

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

TOYOTA MOTOR CREDIT CORPORATION

CONSOLIDATED STATEMENTS OF INCOME

(Dollars in millions)

(Unaudited)

	Three Months Ended
	June 30,
	2019		2018
Financing revenues:
Operating lease	$	2,184	$	2,126
Retail		589		535
Dealer		190		175
Total financing revenues		2,963		2,836
Depreciation on operating leases		1,625		1,766
Interest expense		697		682
Net financing revenues		641		388

Insurance earned premiums and contract revenues		229		224
Investment and other income, net		118		40
Net financing revenues and other revenues		988		652

Expenses:
Provision for credit losses		75		89
Operating and administrative		337		324
Insurance losses and loss adjustment expenses		113		125
Total expenses		525		538

Income before income taxes		463		114
Provision for income taxes		104		22

Net income	$	359	$	92

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Dollars in millions)

(Unaudited)

	Three Months Ended
	June 30,
	2019		2018
Net income	$	359	$	92
Other comprehensive income (loss), net of tax:
Net unrealized gains (losses) on available-for-sale marketable securities [net of tax provision of ($3) and $0, respectively]		10		(4	)
Other comprehensive income (loss)		10		(4	)
Comprehensive income	$	369	$	88

Refer to the accompanying Notes to Consolidated Financial Statements.

TOYOTA MOTOR CREDIT CORPORATION

CONSOLIDATED BALANCE SHEETS

(Dollars in millions except share data)

(Unaudited)

	June 30,		March 31,
	2019		2019
ASSETS
Cash and cash equivalents	$	5,493	$	2,198
Restricted cash and cash equivalents		1,008		985
Investments in marketable securities		3,296		2,908
Finance receivables, net		72,052		70,517
Investments in operating leases, net		37,658		37,927
Other assets		2,036		1,981
Total assets	$	121,543	$	116,516

LIABILITIES AND SHAREHOLDER’S EQUITY
Debt	$	97,384	$	92,922
Deferred income taxes		5,501		5,452
Other liabilities		4,711		4,564
Total liabilities		107,596		102,938

Commitments and contingencies (Refer to Note 9)

Shareholder’s equity:
Capital stock, no par value (100,000 shares authorized; 91,500 issued and outstanding) at June 30, 2019 and March 31, 2019		915		915
Additional paid-in capital		2		2
Accumulated other comprehensive income		13		3
Retained earnings		13,017		12,658
Total shareholder's equity		13,947		13,578
Total liabilities and shareholder's equity	$	121,543	$	116,516

The following table presents the assets and liabilities of our consolidated variable interest entities (Refer to Note 8).

	June 30,		March 31,
	2019		2019
ASSETS
Finance receivables, net	$	12,677	$	11,075
Investments in operating leases, net		4,112		5,307
Other assets		110		192
Total assets	$	16,899	$	16,574

LIABILITIES
Debt	$	12,916	$	12,401
Other liabilities		13		12
Total liabilities	$	12,929	$	12,413

Refer to the accompanying Notes to Consolidated Financial Statements.

TOYOTA MOTOR CREDIT CORPORATION

CONSOLIDATED STATEMENTS OF SHAREHOLDER’S EQUITY

(Dollars in millions)

(Unaudited)

					Accumulated
			Additional		other
	Capital		paid-in		comprehensive			Retained
	stock		capital		(loss) income			earnings			Total
Balance at March 31, 2018	$	915	$	2	$	(29	)	$	11,992		$	12,880

Cumulative-effect of change in accounting policy		-		-		12			(122	)		(110	)
Net income for the three months ended June 30, 2018		-		-		-			92			92
Other comprehensive loss, net of tax		-		-		(4	)		-			(4	)
Balance at June 30, 2018	$	915	$	2	$	(21	)	$	11,962		$	12,858

Balance at March 31, 2019	$	915	$	2	$	3	$	12,658	$	13,578

Net income for the three months ended June 30, 2019		-		-		-		359		359
Other comprehensive income, net of tax		-		-		10		-		10
Balance at June 30, 2019	$	915	$	2	$	13	$	13,017	$	13,947

Refer to the accompanying Notes to Consolidated Financial Statements.

TOYOTA MOTOR CREDIT CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in millions)

(Unaudited)

	Three Months Ended June 30,
	2019			2018
Cash flows from operating activities:
Net income	$	359		$	92
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		1,655			1,784
Recognition of deferred income		(618	)		(572	)
Provision for credit losses		75			89
Amortization of deferred costs		184			155
Foreign currency and other adjustments to the carrying value of debt, net		44			(611	)
Net (gains) losses from investments in marketable securities		(57	)		25
Net change in:
Derivative assets		11			(21	)
Other assets and accrued interest		6			(68	)
Deferred income taxes		46			20
Derivative liabilities		(24	)		(2	)
Other liabilities		45			84
Net cash provided by operating activities		1,726			975

Cash flows from investing activities:
Purchase of investments in marketable securities		(495	)		(673	)
Proceeds from sales of investments in marketable securities		125			7
Proceeds from maturities of investments in marketable securities		53			862
Acquisition of finance receivables		(7,337	)		(6,305	)
Collection of finance receivables		6,174			6,117
Net change in wholesale and certain working capital receivables		(334	)		(508	)
Acquisition of investments in operating leases		(4,153	)		(4,312	)
Disposals of investments in operating leases		3,152			2,852
Payments on long term loans from affiliates		6			11
Other, net		(5	)		(9	)
Net cash used in investing activities		(2,814	)		(1,958	)

Cash flows from financing activities:
Proceeds from issuance of debt		7,336			7,991
Payments on debt		(6,013	)		(5,067	)
Net change in commercial paper		3,095			(77	)
Net change in financing support provided by affiliates		(2	)		6
Dividend paid		(10	)		-
Net cash provided by financing activities		4,406			2,853
Net increase in cash and cash equivalents and restricted cash and cash equivalents		3,318			1,870
Cash and cash equivalents and restricted cash and cash equivalents at the beginning of the period		3,183			4,759
Cash and cash equivalents and restricted cash and cash equivalents at the end of the period	$	6,501		$	6,629
Supplemental disclosures:
Interest paid, net	$	655		$	516
Income taxes paid, net	$	18		$	1

Refer to the accompanying Notes to Consolidated Financial Statements.

TOYOTA MOTOR CREDIT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions)

(Unaudited)

Note 1 – Interim Financial Data

Basis of Presentation

The information furnished in these unaudited interim consolidated financial statements as of and for the three months ended June 30, 2019 and 2018 has been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”). In the opinion of management, the unaudited consolidated financial information reflects all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the results for the interim periods presented. The results of operations for the three months ended June 30, 2019 do not necessarily indicate the results which may be expected for the full fiscal year ending March 31, 2020 (“fiscal 2020”).

These financial statements should be read in conjunction with the Consolidated Financial Statements, significant accounting policies, and other Notes to Consolidated Financial Statements included in Toyota Motor Credit Corporation’s Annual Report on Form 10-K (“Form 10-K”) for the fiscal year ended March 31, 2019 (“fiscal 2019”), which was filed with the Securities and Exchange Commission on June 4, 2019. References herein to “TMCC” denote Toyota Motor Credit Corporation, and references herein to “we”, “our”, and “us” denote Toyota Motor Credit Corporation and its consolidated subsidiaries.

Certain prior period amounts have been reclassified to conform to current period presentation. Related party transactions are disclosed in Note 11 – Related Party Transactions.

As previously disclosed, on April 16, 2019, we announced that we will restructure our field operations over the next two years to better serve our dealer partners by streamlining our field office structure into three regional locations and investing in new technology. Costs associated with this restructure are not expected to be significant.

TOYOTA MOTOR CREDIT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions)

(Unaudited)

Note 1 – Interim Financial Data (Continued)

Recently Adopted Accounting Guidance

On April 1, 2019, we adopted the following new accounting standards:

Leases

We adopted Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) (“ASU 2016-02”), along with the subsequently issued guidance amending and clarifying various aspects of the new lease guidance, using the modified retrospective method. In accordance with that method, the comparative period’s information has not been restated and continues to be reported under the lease accounting guidance in effect for that period. We also elected to apply the package of practical expedients permitted under the transition guidance of the new standard which allowed us to not reassess our historical lease classification, initial direct costs, and whether or not contracts entered into prior to adoption are or contain leases. As a lessor, the adoption of ASU 2016-02, did not have a significant impact on our financial statements. As a lessee, the adoption of ASU 2016-02 added right-of-use (“ROU”) assets of $115 million and operating lease liabilities of $122 million, which are included in Other assets, and in Other liabilities, respectively, in our Consolidated Balance Sheet. The adoption of this new guidance did not impact our Consolidated Statement of Income and did not result in a cumulative-effect adjustment to opening retained earnings.

Refer to Note 4 – Investments in Operating Leases, Net and Note 9 – Commitments and Contingencies for additional information.

Other Recently Adopted Standards

We adopted ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs, which requires certain premiums on callable debt securities to be amortized to the earliest call date. The adoption of this guidance did not have a material impact on our consolidated financial statements and related disclosures.

We adopted ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The adoption of this guidance did not have an impact on our consolidated financial statements and related disclosures as we no longer have hedge accounting derivatives.

TOYOTA MOTOR CREDIT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions)

(Unaudited)

Note 1 – Interim Financial Data (Continued)

Accounting Guidance Issued But Not Yet Adopted

In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This guidance introduces a new impairment model based on expected losses rather than incurred losses for certain types of financial instruments. It also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. The FASB subsequently issued guidance amending and clarifying aspects of the new impairment model. This ASU is effective for us on April 1, 2020. We are in the process of developing, refining and testing the models and procedures that will be used to calculate the credit loss reserves in accordance with this new accounting guidance. We expect this new guidance will result in an increase in our allowance for credit losses with a cumulative-effect adjustment to our opening retained earnings in the period of adoption. The magnitude of the increase in our allowance for credit losses is under evaluation. We are currently evaluating the other potential impacts of this guidance on our consolidated financial statements and related disclosures.

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820), which modifies disclosure requirements related to fair value measurement. This ASU is effective for us on April 1, 2020. We are currently evaluating the potential impacts of this guidance on our disclosures.

In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software, which aligns the accounting for costs incurred to implement a cloud computing arrangement that is a service arrangement with the guidance on capitalizing costs associated with developing or obtaining internal-use software. This ASU is effective for us on April 1, 2020. We are currently evaluating the potential impacts of this guidance on our consolidated financial statements and related disclosures.

In October 2018, the FASB issued ASU 2018-17, Consolidation (Topic 810), which requires indirect interests held through related parties in common control arrangements to be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. This ASU is effective for us on April 1, 2021. We are currently evaluating the potential impacts of this guidance on our consolidated financial statements and related disclosures.

In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. The applicable provisions of this ASU are effective for us on April 1, 2020. We are currently evaluating the potential impacts of this guidance on our consolidated financial statements and related disclosures.

TOYOTA MOTOR CREDIT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions)

(Unaudited)

Note 2 – Investments in Marketable Securities

Investments in marketable securities consist of debt securities and equity investments. We classify all of our debt securities as available-for-sale. All equity investments are recorded at fair value with changes in fair value included in Investment and other income, net within our Consolidated Statements of Income.

Investments in marketable securities consisted of the following:

	June 30, 2019
	Amortized		Unrealized		Unrealized			Fair
	cost		gains		losses			value
Available-for-sale debt securities:
U.S. government and agency obligations	$	194	$	6	$	(1	)	$	199
Municipal debt securities		9		2		-			11
Certificates of deposit		325		-		-			325
Commercial paper		100		-		-			100
Corporate debt securities		163		8		(1	)		170
Mortgage-backed securities:
U.S. government agency		33		1		-			34
Non-agency residential		1		-		-			1
Non-agency commercial		39		1		-			40
Asset-backed securities		65		1		-			66
Total available-for-sale debt securities	$	929	$	19	$	(2	)	$	946
Equity investments								$	2,350
Total investments in marketable securities								$	3,296

	March 31, 2019
	Amortized		Unrealized		Unrealized			Fair
	cost		gains		losses			value
Available-for-sale debt securities:
U.S. government and agency obligations	$	213	$	2	$	(3	)	$	212
Municipal debt securities		9		2		-			11
Certificates of deposit		50		-		-			50
Commercial paper		70		-		-			70
Corporate debt securities		160		3		(1	)		162
Mortgage-backed securities:
U.S. government agency		35		-		-			35
Non-agency residential		1		-		-			1
Non-agency commercial		39		-		-			39
Asset-backed securities		52		1		-			53
Total available-for-sale debt securities	$	629	$	8	$	(4	)	$	633
Equity investments									2,275
Total investments in marketable securities								$	2,908

A portion of our equity investments are investments in funds that are privately placed and managed by an open-end investment management company (the “Trust”). If we elect to redeem shares, the Trust will normally redeem all shares for cash, but may, in unusual circumstances, redeem amounts exceeding the lesser of $250 thousand or 1 percent of the Trust’s asset value by payment in kind of securities held by the respective fund during any 90-day period.

We also invest in actively traded open-end mutual funds. Redemptions are subject to normal terms and conditions as described in each fund’s prospectus.

TOYOTA MOTOR CREDIT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions)

(Unaudited)

Note 2 – Investments in Marketable Securities (Continued)

Unrealized Losses on Securities

Available-for-sale debt securities in a continuous loss position for less than twelve months and greater than twelve months were not significant as of June 30, 2019 and March 31, 2019.

Gains and Losses on Securities

The following table represents gains and losses on our investments in marketable securities presented in our Consolidated Statements of Income:

	Three Months Ended
	June 30,
	2019		2018
Equity investments:
Unrealized gains (losses) recognized	$	55	$	(25	)
Realized gains (losses) on sales	$	2	$	-

Contractual Maturities

The amortized cost and fair value, by contractual maturity of available-for-sale debt securities are summarized in the following table. Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay certain obligations.

	June 30, 2019
	Amortized Cost		Fair Value
Available-for-sale debt securities:
Due within 1 year	$	463	$	463
Due after 1 year through 5 years		114		116
Due after 5 years through 10 years		139		145
Due after 10 years		75		81
Mortgage-backed and asset-backed securities¹		138		141
Total	$	929	$	946

¹	Mortgage-backed and asset-backed securities are shown separately from other maturity groupings as these securities have multiple maturity dates.

TOYOTA MOTOR CREDIT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions)

(Unaudited)

Note 3 – Finance Receivables, Net

Finance receivables, net consist of the retail loan and the dealer products portfolio segments, which includes accrued interest and deferred fees and costs, net of the allowance for credit losses and deferred income. Finance receivables, net also includes securitized retail receivables, which represent retail receivables that have been sold for legal purposes to securitization trusts but continue to be included in our consolidated financial statements, as discussed further in Note 8 – Variable Interest Entities. Cash flows from these securitized retail receivables are available only for the repayment of debt issued by these trusts and other obligations arising from the securitization transactions. They are not available for payment of our other obligations or to satisfy claims of our other creditors.

Finance receivables, net consisted of the following:

	June 30,			March 31,
	2019			2019
Retail receivables	$	42,089		$	42,621
Securitized retail receivables		12,950			11,318
Dealer financing		18,055			17,696
		73,094			71,635

Deferred origination (fees) and costs, net		752			695
Deferred income		(1,290	)		(1,314	)
Allowance for credit losses
Retail and securitized retail receivables		(327	)		(304	)
Dealer financing		(177	)		(195	)
Total allowance for credit losses		(504	)		(499	)
Finance receivables, net	$	72,052		$	70,517

TOYOTA MOTOR CREDIT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions)

(Unaudited)

Note 3 – Finance Receivables, Net (Continued)

Credit Quality Indicators

We are exposed to credit risk on our finance receivables. Credit risk is the risk of loss arising from the failure of customers or dealers to meet the terms of their contracts with us or otherwise fail to perform as agreed.

Retail Loan Portfolio Segment

The retail loan portfolio segment consists of one class of finance receivables. While we use various credit quality metrics to develop our allowance for credit losses on the retail loan portfolio segment, we primarily utilize the aging of the individual accounts to monitor the credit quality of these finance receivables. Based on our experience, the payment status of borrowers is the strongest indicator of the credit quality of the underlying receivables. Payment status also impacts charge-offs.

Individual borrower accounts within the retail loan portfolio segment are segregated into aging categories based on the number of days past due. The aging for each class of finance receivables is updated monthly.

Dealer Products Portfolio Segment

For the three classes of finance receivables within the dealer products portfolio segment (wholesale, real estate and working capital), all loans outstanding for an individual dealer or dealer group, which includes affiliated entities, are aggregated and evaluated collectively by dealer or dealer group. This reflects the interconnected nature of financing provided to our individual dealer and dealer group customers, and their affiliated entities.

When assessing the credit quality of the finance receivables within the dealer products portfolio segment, we segregate the finance receivables account balances into four categories representing distinct credit quality indicators based on internal risk assessments. The internal risk assessments for all finance receivables within the dealer products portfolio segment are updated on a monthly basis.

The four credit quality indicators are:

•

Performing – Account not classified as either Credit Watch, At Risk or Default;

•

Credit Watch – Account designated for elevated attention;

•

At Risk – Account where there is an increased likelihood that default may exist based on qualitative and quantitative factors; and

•

Default – Account is not currently meeting contractual obligations or we have temporarily waived certain contractual requirements

The tables below present each credit quality indicator by class of finance receivables:

	Retail Loan
	June 30,		March 31,
	2019		2019
Aging of finance receivables:
Current	$	54,082	$	53,047
30-59 days past due		691		657
60-89 days past due		195		162
90 days or greater past due		71		73
Total	$	55,039	$	53,939

Wholesale

Real Estate

Working Capital

June 30,

March 31,

10-Q	2019-06-30	Quarter: 2019-06-30
10-K	2019-03-31	Annual: 2019-03-31
10-Q	2018-12-31	Quarter: 2018-12-31
10-Q	2018-09-30	Quarter: 2018-09-30
10-Q	2018-06-30	Quarter: 2018-06-30
10-K	2018-03-31	Annual: 2018-03-31
10-Q	2017-12-31	Quarter: 2017-12-31
10-Q	2017-09-30	Quarter: 2017-09-30
10-Q	2017-06-30	Quarter: 2017-06-30
10-K	2017-03-31	Annual: 2017-03-31
10-Q	2016-12-31	Quarter: 2016-12-31
10-Q	2016-09-30	Quarter: 2016-09-30
10-Q	2016-06-30	Quarter: 2016-06-30
10-K	2016-03-31	Annual: 2016-03-31
10-Q	2015-12-31	Quarter: 2015-12-31
10-Q	2015-09-30	Quarter: 2015-09-30
10-Q	2015-06-30	Quarter: 2015-06-30
10-K	2015-03-31	Annual: 2015-03-31
10-Q	2014-12-31	Quarter: 2014-12-31
10-Q	2014-09-30	Quarter: 2014-09-30
10-Q	2014-06-30	Quarter: 2014-06-30
10-K	2014-03-31	Annual: 2014-03-31
10-Q	2013-12-31	Quarter: 2013-12-31

8-K	2019-06-21	Exhibits
8-K	2019-06-19	Regulation FD, Exhibits
8-K	2019-06-10	Regulation FD, Exhibits
8-K	2019-05-24	Regulation FD, Exhibits
8-K	2019-04-16	Other Events
8-K	2019-04-02	Other Events, Exhibits
8-K	2019-02-22	Regulation FD, Exhibits
8-K	2018-12-17	Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K	2018-11-09	Enter Agreement, Leave Agreement, Off-BS Arrangement, Exhibits
8-K	2018-09-14	Enter Agreement, Off-BS Arrangement, Exhibits
8-K	2018-08-21	Regulation FD, Exhibits
8-K	2018-08-06	Other Events, Exhibits
8-K	2018-06-27	Regulation FD, Exhibits
8-K	2018-06-18	Exhibits
8-K	2018-05-24	Regulation FD, Exhibits
8-K	2018-05-15	Regulation FD, Exhibits
8-K	2018-05-01	Other Events
8-K	2018-03-19	Regulation FD, Exhibits
8-K	2018-03-07	Other Events
8-K	2018-02-23	Regulation FD, Exhibits
8-K	2018-01-25	Exhibits

CRTX	Cortexyme	593
SWKH	SWK Holdings	129
QTMM	Quantum Materials	17
ACLZ	Accelerize	4
HPTO	Hopto	3
SKAS	Saker Aviation Services	0
TBMM	China Vtv	0
CFSC	Caterpillar Financial Services	0
LMCA	Liberty Media	0
JGRI	Joshua Gold Resources	0

EX-31.1	tmcc-ex311_8.htm
EX-31.2	tmcc-ex312_7.htm
EX-32.1	tmcc-ex321_6.htm
EX-32.2	tmcc-ex322_9.htm