Income Statement General Motors Company

Equities

GM

US37045V1008

Auto & Truck Manufacturers

Market Closed - Nyse Other stock markets 01:30:02 13/09/2024 am IST			5-day change	1st Jan Change
46.12 ^USD	+3.25%		-4.22%	+28.40%

09:37pm	GM in Talks to Buy Chinese Batteries Made in US by TDK	MT
08:51pm	General Motors to Buy EV Batteries Made With Chinese Technology	MT

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Published financial data: GENERAL MOTORS COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	12TCr	11TCr	11TCr	14TCr	16TCr
Finance Div. Revenues	1.45TCr	1.38TCr	1.34TCr	1.28TCr	1.42TCr
Total Revenues	14TCr	12TCr	13TCr	16TCr	17TCr
Cost of Goods Sold, Total	11TCr	9.69TCr	10TCr	13TCr	14TCr
Finance Div. Operating Exp.	880.7Cr	810.4Cr	583.5Cr	580.8Cr	655.1Cr
Interest Expense - Finance Division	364.1Cr	302.3Cr	254.6Cr	288.1Cr	468.5Cr
Gross Profit	1.28TCr	1.45TCr	1.81TCr	2.12TCr	1.93TCr
Selling General & Admin Expenses, Total	769.4Cr	594.3Cr	664.5Cr	915.5Cr	965.6Cr
Other Operating Expenses, Total	769.4Cr	594.3Cr	664.5Cr	915.5Cr	965.6Cr
Operating Income	508.4Cr	855.9Cr	1.14TCr	1.2TCr	962Cr
Interest Expense, Total	-78Cr	-109.8Cr	-95Cr	-99Cr	-91Cr
Interest And Investment Income	43Cr	24Cr	15Cr	46Cr	110.9Cr
Net Interest Expenses	-35Cr	-86Cr	-80Cr	-53Cr	20Cr
Income (Loss) On Equity Invest.	110.2Cr	53Cr	110Cr	66Cr	34Cr
Currency Exchange Gains (Loss)	8.5Cr	-20Cr	1.7Cr	-17Cr	-35Cr
Other Non Operating Income (Expenses)	24Cr	49Cr	8.2Cr	89Cr	67Cr
EBT, Excl. Unusual Items	616Cr	851.3Cr	1.18TCr	1.29TCr	1.05TCr
Restructuring Charges	-	-68Cr	-	-66Cr	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-8.4Cr	26Cr	89Cr	-60Cr	-7.7Cr
Asset Writedown	-	-	-	-	-
Legal Settlements	136Cr	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	743.6Cr	809.5Cr	1.27TCr	1.16TCr	1.04TCr
Income Tax Expense	77Cr	177.4Cr	277.1Cr	188.8Cr	56Cr
Earnings From Continuing Operations	666.7Cr	632.1Cr	994.5Cr	970.8Cr	984Cr
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	666.7Cr	632.1Cr	994.5Cr	970.8Cr	984Cr
Minority Interest	6.5Cr	11Cr	7.4Cr	23Cr	29Cr
Net Income - (IS)	673.2Cr	642.7Cr	1TCr	993.4Cr	1.01TCr
Preferred Dividend and Other Adjustments	15Cr	18Cr	18Cr	101.9Cr	11Cr
Net Income to Common Incl Extra Items	658.1Cr	624.7Cr	983.7Cr	891.5Cr	1TCr
Net Income to Common Excl. Extra Items	658.1Cr	624.7Cr	983.7Cr	891.5Cr	1TCr
Per Share Items
Net EPS - Basic	4.62	4.36	6.78	6.17	7.35
Basic EPS - Continuing Operations	4.62	4.36	6.78	6.17	7.35
Basic Weighted Average Shares Outstanding	142.4Cr	143.3Cr	145.1Cr	144.5Cr	136.4Cr
Net EPS - Diluted	4.57	4.33	6.7	6.13	7.32
Diluted EPS - Continuing Operations	4.57	4.33	6.7	6.13	7.32
Diluted Weighted Average Shares Outstanding	143.9Cr	144.2Cr	146.8Cr	145.4Cr	136.9Cr
Normalized Basic EPS	2.75	3.79	5.15	5.72	5.01
Normalized Diluted EPS	2.72	3.76	5.09	5.68	4.99
Dividend Per Share	1.52	0.38	-	0.18	0.36
Payout Ratio	34.91	10.41	-	4	4.71
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	1.14TCr	1.37TCr	1.69TCr	1.78TCr	1.58TCr
EBITA	528.6Cr	870.3Cr	1.16TCr	1.21TCr	973.4Cr
EBIT	508.4Cr	855.9Cr	1.14TCr	1.2TCr	962Cr
EBITDAR	1.18TCr	1.4TCr	1.72TCr	1.81TCr	1.61TCr
Total Revenues (As Reported)	14TCr	12TCr	13TCr	16TCr	17TCr
Effective Tax Rate - (Ratio)	10.34	21.91	21.79	16.28	5.41
Current Domestic Taxes	14Cr	36Cr	16Cr	76Cr	73Cr
Current Foreign Taxes	76Cr	49Cr	40Cr	71Cr	87Cr
Total Current Taxes	90Cr	85Cr	56Cr	146.4Cr	160.4Cr
Deferred Domestic Taxes	-14Cr	62Cr	192.8Cr	37Cr	-16Cr
Deferred Foreign Taxes	90L	31Cr	29Cr	5.3Cr	-88Cr
Total Deferred Taxes	-13Cr	92Cr	221.4Cr	42Cr	-104.1Cr
Normalized Net Income	391.5Cr	542.66Cr	746.71Cr	825.85Cr	683.7Cr
Interest Capitalized	-	-	-	-	-
Non-Cash Pension Expense	-125.3Cr	-141.9Cr	-221.8Cr	-180.5Cr	-48Cr
Supplemental Operating Expense Items
Advertising Expense	370Cr	270Cr	330Cr	400Cr	360Cr
Selling and Marketing Expenses	370Cr	270Cr	330Cr	400Cr	360Cr
Research And Development Expense From Footnotes	680Cr	620Cr	790Cr	980Cr	990Cr
Net Rental Expense, Total	35Cr	32Cr	29Cr	32Cr	35Cr
Imputed Operating Lease Interest Expense	15Cr	16Cr	12Cr	13Cr	14Cr
Imputed Operating Lease Depreciation	20Cr	15Cr	17Cr	18Cr	21Cr
Stock-Based Comp., Other (Total)	46Cr	35Cr	39Cr	201.9Cr	74Cr
Total Stock-Based Compensation	46Cr	35Cr	39Cr	201.9Cr	74Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.58TCr	1.49TCr	1.61TCr	1.52TCr	1.36TCr
Short Term Investments	470.9Cr	904.6Cr	860.9Cr	1.22TCr	761.3Cr
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	2.05TCr	2.39TCr	2.47TCr	2.73TCr	2.12TCr
Accounts Receivable, Total	679.7Cr	803.5Cr	739.4Cr	1.3TCr	1.22TCr
Other Receivables	-	-	-	30Cr	19Cr
Total Receivables	679.7Cr	803.5Cr	739.4Cr	1.33TCr	1.24TCr
Inventory	1.04TCr	1.02TCr	1.3TCr	1.54TCr	1.65TCr
Finance Division Loans and Leases Current	2.66TCr	2.62TCr	2.66TCr	3.36TCr	3.91TCr
Finance Division Other Current Assets, Total	550.2Cr	729Cr	629.1Cr	617.6Cr	769.8Cr
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	115Cr	39Cr	64Cr	18Cr	21Cr
Other Current Assets, Total	406.6Cr	482.6Cr	346.1Cr	447Cr	463.3Cr
Total Current Assets	7.5TCr	8.09TCr	8.21TCr	10TCr	10TCr
Gross Property Plant And Equipment	6.85TCr	6.65TCr	7.35TCr	7.94TCr	8.68TCr
Accumulated Depreciation	-2.87TCr	-2.78TCr	-3.13TCr	-3.3TCr	-3.55TCr
Net Property Plant And Equipment	3.98TCr	3.86TCr	4.22TCr	4.63TCr	5.13TCr
Long-term Investments	799.1Cr	682.5Cr	796Cr	851.1Cr	894.3Cr
Goodwill	-	-	-	-	-
Other Intangibles, Total	398.2Cr	388.7Cr	374.8Cr	360.4Cr	350.8Cr
Finance Division Loans and Leases Long-Term	2.64TCr	3.18TCr	3.62TCr	4.06TCr	4.5TCr
Finance Division Other Long-Term Assets, Total	4.56TCr	4.41TCr	4.23TCr	3.83TCr	3.55TCr
Deferred Tax Assets Long-Term	2.46TCr	2.41TCr	2.12TCr	2.05TCr	2.23TCr
Other Long-Term Assets, Total	458.1Cr	486.1Cr	909.3Cr	565.8Cr	476.7Cr
Total Assets	23TCr	24TCr	24TCr	26TCr	27TCr
Liabilities
Accounts Payable, Total	2.1TCr	1.99TCr	2.04TCr	2.75TCr	2.81TCr
Accrued Expenses, Total	2TCr	1.67TCr	1.39TCr	1.91TCr	2.1TCr
Short-term Borrowings	178.8Cr	127.6Cr	46Cr	195.9Cr	43Cr
Current Portion of Leases	35Cr	21Cr	20Cr	25Cr	26Cr
Finance Division Debt Current	3.55TCr	3.56TCr	3.33TCr	3.68TCr	3.85TCr
Unearned Revenue Current, Total	323.4Cr	313.2Cr	246.1Cr	248.9Cr	280.2Cr
Other Current Liabilities	298.7Cr	304.8Cr	376.9Cr	304.1Cr	328.4Cr
Total Current Liabilities	8.49TCr	7.99TCr	7.44TCr	9.12TCr	9.44TCr
Long-Term Debt	1.23TCr	1.6TCr	1.6TCr	1.55TCr	1.55TCr
Long-Term Leases	121.1Cr	120.6Cr	136.1Cr	134.8Cr	134.4Cr
Finance Division Debt Non Current	5.34TCr	5.68TCr	5.93TCr	6TCr	6.68TCr
Unearned Revenue Non Current	296.2Cr	271.5Cr	301Cr	355.2Cr	501.9Cr
Pension & Other Post Retirement Benefits	1.94TCr	2.07TCr	1.51TCr	1.09TCr	1.17TCr
Other Non Current Liabilities	783.7Cr	820.2Cr	966.6Cr	923Cr	991.9Cr
Total Liabilities	18TCr	19TCr	18TCr	19TCr	20TCr
Common Stock, Total	1.4Cr	1.4Cr	1.5Cr	1.4Cr	1.2Cr
Additional Paid In Capital	2.61TCr	2.65TCr	2.71TCr	2.64TCr	1.91TCr
Retained Earnings	2.69TCr	3.2TCr	4.19TCr	4.93TCr	5.54TCr
Comprehensive Income and Other	-1.12TCr	-1.35TCr	-926.9Cr	-790.1Cr	-1.02TCr
Total Common Equity	4.18TCr	4.5TCr	5.97TCr	6.78TCr	6.43TCr
Minority Interest	416.5Cr	464.7Cr	607.1Cr	449.2Cr	402.1Cr
Total Equity	4.6TCr	4.97TCr	6.58TCr	7.23TCr	6.83TCr
Total Liabilities And Equity	23TCr	24TCr	24TCr	26TCr	27TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	142.9Cr	144.09Cr	145.3Cr	139.46Cr	115.44Cr
ECS Total Common Shares Outstanding	140Cr	140Cr	150Cr	140Cr	120Cr
Book Value / Share	29.85	32.16	39.83	48.42	53.57
Tangible Book Value	3.65TCr	3.98TCr	5.47TCr	6.28TCr	5.94TCr
Tangible Book Value Per Share	26.04	28.43	36.44	44.89	49.52
Total Debt	10TCr	11TCr	11TCr	12TCr	12TCr
Net Debt	8.41TCr	8.71TCr	8.59TCr	8.86TCr	10TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.19TCr	1.24TCr	508Cr	296.8Cr	551.5Cr
Debt Equivalent Oper. Leases	283.2Cr	253.6Cr	235.2Cr	253.6Cr	276.8Cr
Minority Interest, Total (Incl. Fin. Div)	416.5Cr	464.7Cr	607.1Cr	449.2Cr	402.1Cr
Equity Method Investments, Total	710.7Cr	682.5Cr	796Cr	851.1Cr	894.3Cr
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	471.3Cr	511.7Cr	824Cr	801.4Cr	742.2Cr
Inventories - Finished Goods, Total	568.5Cr	511.8Cr	474.8Cr	735.2Cr	903.9Cr
Land - (BS)	130.2Cr	133.9Cr	130.1Cr	130.7Cr	129.3Cr
Buildings, Total	970.5Cr	967.1Cr	1.05TCr	1.15TCr	1.33TCr
Machinery, Total	5.34TCr	5.09TCr	5.52TCr	5.82TCr	6.32TCr
Full Time Employees	2L	2L	2L	2L	2L
Accumulated Allowance for Doubtful Accounts (Supple)	20Cr	22Cr	19Cr	26Cr	30Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	673.2Cr	642.7Cr	1TCr	993.4Cr	1.01TCr
Depreciation & Amortization - CF	612.5Cr	495Cr	531.9Cr	568.6Cr	605Cr
Amortization of Goodwill and Intangible Assets - (CF)	20Cr	14Cr	14Cr	14Cr	11Cr
Depreciation & Amortization, Total	632.7Cr	509.4Cr	546Cr	582.5Cr	616.4Cr
Amortization of Deferred Charges, Total - (CF)	773.3Cr	758.2Cr	658.7Cr	545.3Cr	560.9Cr
Asset Writedown & Restructuring Costs	5.8Cr	14Cr	40L	1.2Cr	12Cr
(Income) Loss On Equity Investments - (CF)	58Cr	52Cr	-52Cr	19Cr	24Cr
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-262.5Cr	-269.7Cr	-299.9Cr	-239.7Cr	-315.2Cr
Change In Accounts Receivable	-56Cr	-134.1Cr	49Cr	-448.3Cr	118.3Cr
Change In Inventories	-76Cr	-10Cr	-315.5Cr	-258.1Cr	-76Cr
Change In Accounts Payable	-49Cr	4.2Cr	-116.6Cr	614.4Cr	-40Cr
Change In Income Taxes	21Cr	13Cr	-9.5Cr	27Cr	-12Cr
Change in Other Net Operating Assets	-218.6Cr	87Cr	56Cr	-233Cr	191.5Cr
Cash from Operations	1.5TCr	1.67TCr	1.52TCr	1.6TCr	2.09TCr
Capital Expenditure	-759.2Cr	-530Cr	-750.9Cr	-923.8Cr	-1.1TCr
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	219Cr	-426.3Cr	38Cr	-378Cr	491.6Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-253.3Cr	-1.04TCr	-838.7Cr	-708.7Cr	-703.3Cr
Other Investing Activities, Total	-296.4Cr	-189.9Cr	-84Cr	222.3Cr	-157.6Cr
Cash from Investing	-1.09TCr	-2.18TCr	-1.64TCr	-1.79TCr	-1.47TCr
Short Term Debt Issued, Total	-	28Cr	291.2Cr	37Cr	-
Long-Term Debt Issued, Total	3.69TCr	7.85TCr	4.53TCr	4.58TCr	5.1TCr
Total Debt Issued	3.69TCr	7.88TCr	4.82TCr	4.62TCr	5.1TCr
Short Term Debt Repaid, Total	-31Cr	-	-	-	-16Cr
Long-Term Debt Repaid, Total	-3.92TCr	-7.27TCr	-4.78TCr	-3.96TCr	-4.47TCr
Total Debt Repaid	-3.95TCr	-7.27TCr	-4.78TCr	-3.96TCr	-4.48TCr
Repurchase of Common Stock	-	-	-	-250Cr	-1.11TCr
Common Dividends Paid	-235Cr	-67Cr	-	-40Cr	-48Cr
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-235Cr	-67Cr	-	-40Cr	-48Cr
Other Financing Activities, Total	20Cr	8Cr	133.8Cr	-330Cr	-89Cr
Cash from Financing	-467.7Cr	555.2Cr	174.4Cr	38Cr	-635.3Cr
Foreign Exchange Rate Adjustments	20L	-22Cr	-15Cr	-14Cr	5.4Cr
Miscellaneous Cash Flow Adjustments	-	-	-	-	10L
Net Change in Cash	-55Cr	17Cr	42Cr	-159.4Cr	-3.1Cr
Supplemental Items
Cash Interest Paid	421.4Cr	395.8Cr	340.3Cr	360.6Cr	551.5Cr
Cash Income Tax Paid (Refund)	69Cr	72Cr	65Cr	119.1Cr	172.6Cr
Levered Free Cash Flow	941.38Cr	610.91Cr	635.65Cr	1.04TCr	446.81Cr
Unlevered Free Cash Flow	990.25Cr	679.54Cr	695.02Cr	1.11TCr	503.75Cr
Change In Net Working Capital	20Cr	628.1Cr	512.5Cr	50Cr	251.8Cr
Net Debt Issued / Repaid	-253.1Cr	614.1Cr	41Cr	658Cr	613.2Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.4	2.31	2.98	2.95	2.24
Return on Total Capital	2.13	3.44	4.24	4.11	3.17
Return On Equity %	15.03	13.22	17.22	14.06