General Motors Company (GM)

General Motors Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	167,268	157,658	143,975	113,590	108,673	122,697
Other Revenue	15,451	14,184	12,760	13,414	13,812	14,540
Revenue	182,719	171,842	156,735	127,004	122,485	137,237
Revenue Growth (YoY)	6.25%	9.64%	23.41%	3.69%	-10.75%	-6.67%
Cost of Revenue	148,227	141,330	126,892	100,544	96,856	110,651
Gross Profit	21,945	19,276	21,154	18,079	14,502	14,138
Selling, General & Admin	9,615	9,656	9,155	6,645	5,943	7,694
Operating Expenses	9,615	9,656	9,155	6,645	5,943	7,694
Operating Income	12,330	9,620	11,999	11,434	8,559	6,444
Interest Expense	-853	-911	-987	-950	-1,098	-782
Interest & Investment Income	996	1,109	460	146	241	429
Earnings From Equity Investments	-270	342	664	1,100	527	1,102
Currency Exchange Gain (Loss)	-349	-349	-172	-	-203	85
Other Non Operating Income (Expenses)	633	669	525	415	348	-76
EBT Excluding Unusual Items	12,487	10,480	12,489	12,145	8,374	7,202
Merger & Restructuring Charges	-	-	-657	-	-683	-
Gain (Loss) on Sale of Investments	-277	-77	-236	571	404	234
Pretax Income	12,210	10,403	11,596	12,716	8,095	7,436
Income Tax Expense	1,380	563	1,888	2,771	1,774	769
Earnings From Continuing Operations	10,830	9,840	9,708	9,945	6,321	6,667
Net Income to Company	10,830	9,840	9,708	9,945	6,321	6,667
Minority Interest in Earnings	240	287	226	74	106	65
Net Income	11,070	10,127	9,934	10,019	6,427	6,732
Preferred Dividends & Other Adjustments	81	106	1,019	182	180	151
Net Income to Common	10,989	10,021	8,915	9,837	6,247	6,581
Net Income Growth	10.42%	1.94%	-0.85%	55.89%	-4.53%	-16.00%
Shares Outstanding (Basic)	1,178	1,364	1,445	1,451	1,433	1,424
Shares Outstanding (Diluted)	1,187	1,369	1,454	1,468	1,442	1,439
Shares Change (YoY)	-15.14%	-5.85%	-0.95%	1.80%	0.21%	0.56%
EPS (Basic)	9.33	7.35	6.17	6.78	4.36	4.62
EPS (Diluted)	9.25	7.32	6.13	6.70	4.33	4.57
EPS Growth	30.21%	19.41%	-8.51%	54.73%	-5.25%	-17.38%
Free Cash Flow	8,343	9,960	6,805	7,679	11,370	7,429
Free Cash Flow Per Share	7.03	7.28	4.68	5.23	7.88	5.16
Dividend Per Share	0.450	0.360	0.180	-	0.380	1.520
Dividend Growth	25.00%	100.00%	-	-	-75.00%	0%
Gross Margin	12.01%	11.22%	13.50%	14.23%	11.84%	10.30%
Operating Margin	6.75%	5.60%	7.66%	9.00%	6.99%	4.70%
Profit Margin	6.01%	5.83%	5.69%	7.75%	5.10%	4.80%
Free Cash Flow Margin	4.57%	5.80%	4.34%	6.05%	9.28%	5.41%
EBITDA	18,371	15,784	17,824	16,894	13,653	12,771
EBITDA Margin	10.05%	9.19%	11.37%	13.30%	11.15%	9.31%
D&A For EBITDA	6,041	6,164	5,825	5,460	5,094	6,327
EBIT	12,330	9,620	11,999	11,434	8,559	6,444
EBIT Margin	6.75%	5.60%	7.66%	9.00%	6.99%	4.70%
Effective Tax Rate	11.30%	5.41%	16.28%	21.79%	21.91%	10.34%
Revenue as Reported	182,719	171,842	156,735	127,004	122,485	137,237
Advertising Expenses	-	3,600	4,000	3,300	2,700	3,700

Source: S&P Capital IQ. Standard template. Financial Sources.