General Motors Company (GM) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 RENAISSANCE CENTER
DETROIT, MI 48265-3000
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26,46631,30328,67629,03823,24326,810
Cash and cash equivalents18,85319,15320,06719,99219,06920,844
Short-term investments7,61312,1508,6099,0464,1745,966
Restricted cash and investments2,6042,3562,9352,5813,352 
Receivables12,37813,3337,3948,0356,7976,549
Inventory, net of allowances, customer advances and progress billings16,46115,36612,98810,23510,3989,816
Inventory16,46115,36612,98810,23510,3989,816
Other current assets7,2386,8256,3967,4077,9535,021
Other undisclosed current assets36,47131,26823,71423,62823,24927,097
Total current assets:101,618100,45182,10380,92474,99275,293
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     327
Operating lease, right-of-use asset9791,100   
Property, plant and equipment  45,24841,11537,63238,75038,758
Long-term investments and receivables10,61310,1769,6778,4068,5629,215
Long-term investments10,61310,1769,6778,4068,5629,215
Intangible assets, net (including goodwill), including:4,8624,9455,0875,2305,3375,579
Goodwill 1,9001,9001,9001,9001,9001,900
Intangible assets, net (excluding goodwill) 2,9413,0343,1733,3203,4783,718
Other undisclosed intangible assets, net (including goodwill)21111410(41)(39)
Restricted cash and investments460440540544522 
Deferred income tax assets22,33920,53921,15224,13624,640
Other noncurrent assets7,6869,38611,4887,2647,3465,770
Other undisclosed noncurrent assets124,50771,75273,55671,05867,56192,724
Total noncurrent assets:171,446163,586162,615154,270153,045152,046
TOTAL ASSETS:273,064264,037244,718235,194228,037227,339
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities55,47852,39640,68842,99747,50550,346
Accounts payable28,11427,48620,39119,92821,01822,297
Accrued liabilities27,36424,91020,29723,06926,48728,049
Other undisclosed current liabilities38,96738,77733,72036,91337,40031,891
Total current liabilities:94,44591,17374,40879,91084,90582,237
Noncurrent Liabilities
Liabilities, other than long-term debt27,54024,65828,83632,62631,25129,265
Liability, pension and other postretirement and postemployment benefits11,0259,89113,75119,17918,10516,908
Other liabilities16,51514,76715,08513,44713,14612,357
Other undisclosed noncurrent liabilities82,77275,92175,65972,98165,92473,060
Total noncurrent liabilities:110,312100,579104,495105,60797,175102,325
Total liabilities:204,757191,752178,903185,517182,080184,562
Commitments and contingencies  1    
Temporary equity, carrying amount118357    
Equity
Equity, attributable to parent64,28667,79259,74445,03041,79238,860
Common stock121415141414
Additional paid in capital19,13026,42827,06126,54226,07425,563
Accumulated other comprehensive loss(10,247)(7,901)(9,269)(13,488)(11,156)(9,039)
Retained earnings55,39149,25141,93731,96226,86022,322
Equity, attributable to noncontrolling interest3,9034,1356,0714,6474,1653,917
Total equity:68,18971,92765,81549,67745,95742,777
TOTAL LIABILITIES AND EQUITY:273,064264,037244,718235,194228,037227,339

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues171,842156,735127,004122,485137,237147,049
Cost of revenue   (108,765)(107,965)(122,376)(120,656)
Cost of goods and services sold   (100,544)(97,539)(110,651)(120,656)
Gross profit:171,842156,73518,23914,52014,86126,393
Operating expenses(162,544)(146,421)(8,915)(7,886)(9,380)(142,604)
Other undisclosed operating income 1   120,656
Operating income:9,29810,3159,3246,6345,4814,445
Nonoperating income1,5371,4323,0411,8851,4692,596
Investment income, nonoperating 1,109460146241429335
Other nonoperating income (expense) 149(542)22073(2)42
Interest and debt expense    (4,121)(4,423)(3,880)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(911)(987)(950)3,0233,6413,225
Income from continuing operations before equity method investments, income taxes:9,92410,76011,4157,4216,1686,386
Income from equity method investments7738371,3016741,2682,163
Other undisclosed loss from continuing operations before income taxes(294)     
Income from continuing operations before income taxes:10,40311,59712,7168,0957,4368,549
Income tax expense(563)(1,888)(2,771)(1,774)(769)(474)
Income from continuing operations:9,8409,7099,9456,3216,6678,075
Income before gain (loss) on sale of properties:9,9456,3216,6678,005
Loss from discontinued operations      (70)
Other undisclosed net loss  (1)    
Net income:9,8409,7089,9456,3216,6678,005
Net income attributable to noncontrolling interest28722674106659
Other undisclosed net loss attributable to parent      
Net income attributable to parent:10,1279,93410,0196,4276,7328,014
Preferred stock dividends and other adjustments(106)(1,019)(182)(180)(151)(98)
Other undisclosed net income available to common stockholders, basic1     
Net income available to common stockholders, diluted:10,0228,9159,8376,2476,5817,916

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:9,8409,7089,9456,3216,6678,005
Other comprehensive income (loss)(2,355)1,3374,206(2,318)(2,128)(936)
Other undisclosed comprehensive loss      
Comprehensive income:7,48511,04514,1514,0034,5397,069
Comprehensive income, net of tax, attributable to noncontrolling interest29725787927615
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)1    
Comprehensive income, net of tax, attributable to parent:7,78111,30314,2384,0954,6157,084

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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