General Motors Company (GM) Financial Statements (2025 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)
| 9/30/2024 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 investments | 26,466 | 31,303 | 28,676 | 29,038 | 23,243 | 26,810 | |||
| Cash and cash equivalents | 18,853 | 19,153 | 20,067 | 19,992 | 19,069 | 20,844 | |||
| Short-term investments | 7,613 | 12,150 | 8,609 | 9,046 | 4,174 | 5,966 | |||
| Restricted cash and investments | 2,604 | 2,356 | 2,935 | 2,581 | 3,352 | ||||
| Receivables | 12,378 | 13,333 | 7,394 | 8,035 | 6,797 | 6,549 | |||
| Inventory, net of allowances, customer advances and progress billings | 16,461 | 15,366 | 12,988 | 10,235 | 10,398 | 9,816 | |||
| Inventory | 16,461 | 15,366 | 12,988 | 10,235 | 10,398 | 9,816 | |||
| Other current assets | 7,238 | 6,825 | 6,396 | 7,407 | 7,953 | 5,021 | |||
| Other undisclosed current assets | 36,471 | 31,268 | 23,714 | 23,628 | 23,249 | 27,097 | |||
| Total current assets: | 101,618 | 100,451 | 82,103 | 80,924 | 74,992 | 75,293 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 327 | ✕ | |||||||
| Operating lease, right-of-use asset | 979 | 1,100 | ✕ | ||||||
| Property, plant and equipment | 45,248 | 41,115 | 37,632 | 38,750 | 38,758 | ||||
| Long-term investments and receivables | 10,613 | 10,176 | 9,677 | 8,406 | 8,562 | 9,215 | |||
| Long-term investments | 10,613 | 10,176 | 9,677 | 8,406 | 8,562 | 9,215 | |||
| Intangible assets, net (including goodwill), including: | 4,862 | 4,945 | 5,087 | 5,230 | 5,337 | 5,579 | |||
| Goodwill | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | |||
| Intangible assets, net (excluding goodwill) | 2,941 | 3,034 | 3,173 | 3,320 | 3,478 | 3,718 | |||
| Other undisclosed intangible assets, net (including goodwill) | 21 | 11 | 14 | 10 | (41) | (39) | |||
| Restricted cash and investments | 460 | 440 | 540 | 544 | 522 | ||||
| Deferred income tax assets | 22,339 | 20,539 | 21,152 | 24,136 | 24,640 | ✕ | |||
| Other noncurrent assets | 7,686 | 9,386 | 11,488 | 7,264 | 7,346 | 5,770 | |||
| Other undisclosed noncurrent assets | 124,507 | 71,752 | 73,556 | 71,058 | 67,561 | 92,724 | |||
| Total noncurrent assets: | 171,446 | 163,586 | 162,615 | 154,270 | 153,045 | 152,046 | |||
| TOTAL ASSETS: | 273,064 | 264,037 | 244,718 | 235,194 | 228,037 | 227,339 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 55,478 | 52,396 | 40,688 | 42,997 | 47,505 | 50,346 | |||
| Accounts payable | 28,114 | 27,486 | 20,391 | 19,928 | 21,018 | 22,297 | |||
| Accrued liabilities | 27,364 | 24,910 | 20,297 | 23,069 | 26,487 | 28,049 | |||
| Other undisclosed current liabilities | 38,967 | 38,777 | 33,720 | 36,913 | 37,400 | 31,891 | |||
| Total current liabilities: | 94,445 | 91,173 | 74,408 | 79,910 | 84,905 | 82,237 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 27,540 | 24,658 | 28,836 | 32,626 | 31,251 | 29,265 | |||
| Liability, pension and other postretirement and postemployment benefits | 11,025 | 9,891 | 13,751 | 19,179 | 18,105 | 16,908 | |||
| Other liabilities | 16,515 | 14,767 | 15,085 | 13,447 | 13,146 | 12,357 | |||
| Other undisclosed noncurrent liabilities | 82,772 | 75,921 | 75,659 | 72,981 | 65,924 | 73,060 | |||
| Total noncurrent liabilities: | 110,312 | 100,579 | 104,495 | 105,607 | 97,175 | 102,325 | |||
| Total liabilities: | 204,757 | 191,752 | 178,903 | 185,517 | 182,080 | 184,562 | |||
| Commitments and contingencies | 1 | ||||||||
| Temporary equity, carrying amount | 118 | 357 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 64,286 | 67,792 | 59,744 | 45,030 | 41,792 | 38,860 | |||
| Common stock | 12 | 14 | 15 | 14 | 14 | 14 | |||
| Additional paid in capital | 19,130 | 26,428 | 27,061 | 26,542 | 26,074 | 25,563 | |||
| Accumulated other comprehensive loss | (10,247) | (7,901) | (9,269) | (13,488) | (11,156) | (9,039) | |||
| Retained earnings | 55,391 | 49,251 | 41,937 | 31,962 | 26,860 | 22,322 | |||
| Equity, attributable to noncontrolling interest | 3,903 | 4,135 | 6,071 | 4,647 | 4,165 | 3,917 | |||
| Total equity: | 68,189 | 71,927 | 65,815 | 49,677 | 45,957 | 42,777 | |||
| TOTAL LIABILITIES AND EQUITY: | 273,064 | 264,037 | 244,718 | 235,194 | 228,037 | 227,339 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 171,842 | 156,735 | 127,004 | 122,485 | 137,237 | 147,049 | ||
| 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: | 171,842 | 156,735 | 18,239 | 14,520 | 14,861 | 26,393 | ||
| Operating expenses | (162,544) | (146,421) | (8,915) | (7,886) | (9,380) | (142,604) | ||
| Other undisclosed operating income | 1 | 120,656 | ||||||
| Operating income: | 9,298 | 10,315 | 9,324 | 6,634 | 5,481 | 4,445 | ||
| Nonoperating income | 1,537 | 1,432 | 3,041 | 1,885 | 1,469 | 2,596 | ||
| Investment income, nonoperating | 1,109 | 460 | 146 | 241 | 429 | 335 | ||
| Other nonoperating income (expense) | 149 | (542) | 220 | 73 | (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) | 3,023 | 3,641 | 3,225 | ||
| Income from continuing operations before equity method investments, income taxes: | 9,924 | 10,760 | 11,415 | 7,421 | 6,168 | 6,386 | ||
| Income from equity method investments | 773 | 837 | 1,301 | 674 | 1,268 | 2,163 | ||
| Other undisclosed loss from continuing operations before income taxes | (294) | |||||||
| Income from continuing operations before income taxes: | 10,403 | 11,597 | 12,716 | 8,095 | 7,436 | 8,549 | ||
| Income tax expense | (563) | (1,888) | (2,771) | (1,774) | (769) | (474) | ||
| Income from continuing operations: | 9,840 | 9,709 | 9,945 | 6,321 | 6,667 | 8,075 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 9,945 | 6,321 | 6,667 | 8,005 | |
| Loss from discontinued operations | (70) | |||||||
| Other undisclosed net income (loss) | (1) | |||||||
| Net income: | 9,840 | 9,708 | 9,945 | 6,321 | 6,667 | 8,005 | ||
| Net income attributable to noncontrolling interest | 287 | 226 | 74 | 106 | 65 | 9 | ||
| Other undisclosed net loss attributable to parent | ||||||||
| Net income attributable to parent: | 10,127 | 9,934 | 10,019 | 6,427 | 6,732 | 8,014 | ||
| Preferred stock dividends and other adjustments | (106) | (1,019) | (182) | (180) | (151) | (98) | ||
| Other undisclosed net income available to common stockholders, basic | 1 | |||||||
| Net income available to common stockholders, diluted: | 10,022 | 8,915 | 9,837 | 6,247 | 6,581 | 7,916 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 9,840 | 9,708 | 9,945 | 6,321 | 6,667 | 8,005 | ||
| Other comprehensive income (loss) | (2,355) | 1,337 | 4,206 | (2,318) | (2,128) | (936) | ||
| Comprehensive income: | 7,485 | 11,045 | 14,151 | 4,003 | 4,539 | 7,069 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 297 | 257 | 87 | 92 | 76 | 15 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | 1 | ||||||
| Comprehensive income, net of tax, attributable to parent: | 7,781 | 11,303 | 14,238 | 4,095 | 4,615 | 7,084 | ||
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.