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10-Q Filing

General Motors Co CIK: 1467858 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001467858-21-000117
Period End Date 20210331
Filing Date 20210505
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance gm-20210331_htm.xml
Balance Sheet 69 line items
Line Item Tag Value Unit Period
Common stock par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $21.61B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $19.99B USD Point-in-time
Marketable debt securities (Note 3) AvailableForSaleSecuritiesDebtSecuritiesCurrent $9.05B USD Point-in-time
Marketable debt securities (Note 3) AvailableForSaleSecuritiesDebtSecuritiesCurrent $7.77B USD Point-in-time
Accounts and notes receivable, net AccountsReceivableNetCurrent $9.13B USD Point-in-time
Accounts and notes receivable, net AccountsReceivableNetCurrent $8.04B USD Point-in-time
Inventories (Note 5) InventoryNet $10.23B USD Point-in-time
Inventories (Note 5) InventoryNet $12.07B USD Point-in-time
Other current assets (Note 3; Note 8 at VIEs) OtherAssetsCurrent $6.94B USD Point-in-time
Other current assets (Note 3; Note 8 at VIEs) OtherAssetsCurrent $7.41B USD Point-in-time
Total current assets AssetsCurrent $82.09B USD Point-in-time
Total current assets AssetsCurrent $80.92B USD Point-in-time
Equity in net assets of nonconsolidated affiliates (Note 7) EquityMethodInvestments $7.52B USD Point-in-time
Equity in net assets of nonconsolidated affiliates (Note 7) EquityMethodInvestments $8.41B USD Point-in-time
Equity in net assets of nonconsolidated affiliates (Note 7) EquityMethodInvestments $8.98B USD Point-in-time
Property, net PropertyPlantAndEquipmentNet $37.63B USD Point-in-time
Property, net PropertyPlantAndEquipmentNet $37.80B USD Point-in-time
Goodwill and intangible assets, net IntangibleAssetsNetIncludingGoodwill $5.18B USD Point-in-time
Goodwill and intangible assets, net IntangibleAssetsNetIncludingGoodwill $5.22B USD Point-in-time
Goodwill and intangible assets, net IntangibleAssetsNetIncludingGoodwill $5.23B USD Point-in-time
Equipment on operating leases, net (Note 6; Note 8 at VIEs) OperatingLeaseRightofuseAssetNoncurrent $39.82B USD Point-in-time
Equipment on operating leases, net (Note 6; Note 8 at VIEs) OperatingLeaseRightofuseAssetNoncurrent $40.34B USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $24.14B USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $23.09B USD Point-in-time
Other assets (Note 3; Note 8 at VIEs) OtherAssetsNoncurrent $7.26B USD Point-in-time
Other assets (Note 3; Note 8 at VIEs) OtherAssetsNoncurrent $7.24B USD Point-in-time
Total non-current assets AssetsNoncurrent $156.32B USD Point-in-time
Total non-current assets AssetsNoncurrent $154.27B USD Point-in-time
Total Assets Assets $235.19B USD Point-in-time
Total Assets Assets $246.62B USD Point-in-time
Total Assets Assets $238.41B USD Point-in-time
Accounts payable (principally trade) AccountsPayableCurrent $19.93B USD Point-in-time
Accounts payable (principally trade) AccountsPayableCurrent $20.45B USD Point-in-time
Accrued liabilities (Note 11) AccruedLiabilitiesCurrent $23.07B USD Point-in-time
Accrued liabilities (Note 11) AccruedLiabilitiesCurrent $20.81B USD Point-in-time
Total current liabilities LiabilitiesCurrent $79.91B USD Point-in-time
Total current liabilities LiabilitiesCurrent $76.32B USD Point-in-time
Postretirement benefits other than pensions (Note 12) OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $6.24B USD Point-in-time
Postretirement benefits other than pensions (Note 12) OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $6.28B USD Point-in-time
Pensions (Note 12) DefinedBenefitPensionPlanLiabilitiesNoncurrent $12.06B USD Point-in-time
Pensions (Note 12) DefinedBenefitPensionPlanLiabilitiesNoncurrent $12.90B USD Point-in-time
Other liabilities (Note 11) OtherLiabilitiesNoncurrent $13.17B USD Point-in-time
Other liabilities (Note 11) OtherLiabilitiesNoncurrent $13.45B USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $105.61B USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $107.64B USD Point-in-time
Total Liabilities Liabilities $185.52B USD Point-in-time
Total Liabilities Liabilities $183.97B USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.01 par value CommonStockValue $14.00M USD Point-in-time
Common stock, $0.01 par value CommonStockValue $14.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $26.54B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $26.67B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $31.96B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $34.99B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-13.33B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-13.49B USD Point-in-time
Total stockholders equity StockholdersEquity $48.34B USD Point-in-time
Total stockholders equity StockholdersEquity $45.03B USD Point-in-time
Noncontrolling interests MinorityInterest $6.10B USD Point-in-time
Noncontrolling interests MinorityInterest $4.65B USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $44.32B USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $45.96B USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $54.44B USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $49.68B USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $235.19B USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $238.41B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Automotive RevenueFromContractWithCustomerExcludingAssessedTax $29.07B USD 1 Quarter
Automotive RevenueFromContractWithCustomerExcludingAssessedTax $29.15B USD 1 Quarter
Total net sales and revenue (Note 2) Revenues $32.71B USD 1 Quarter
Total net sales and revenue (Note 2) Revenues $32.47B USD 1 Quarter
Total costs and expenses OperatingExpenses $32.05B USD 1 Quarter
Total costs and expenses OperatingExpenses $29.20B USD 1 Quarter
Operating income OperatingIncomeLoss $3.28B USD 1 Quarter
Operating income OperatingIncomeLoss $657.00M USD 1 Quarter
Interest income and other non-operating income, net NonoperatingIncomeExpense $311.00M USD 1 Quarter
Interest income and other non-operating income, net NonoperatingIncomeExpense $799.00M USD 1 Quarter
Equity income (loss) (Note 7) IncomeLossFromEquityMethodInvestments $-132.00M USD 1 Quarter
Equity income (loss) (Note 7) IncomeLossFromEquityMethodInvestments $365.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $643.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.19B USD 1 Quarter
Income tax expense (Note 14) IncomeTaxExpenseBenefit $357.00M USD 1 Quarter
Income tax expense (Note 14) IncomeTaxExpenseBenefit $1.18B USD 1 Quarter
Net income ProfitLoss $286.00M USD 1 Quarter
Net income ProfitLoss $3.01B USD 1 Quarter
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-8.00M USD 1 Quarter
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-8.00M USD 1 Quarter
Net income attributable to stockholders NetIncomeLoss $294.00M USD 1 Quarter
Net income attributable to stockholders NetIncomeLoss $3.02B USD 1 Quarter
Net income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $247.00M USD 1 Quarter
Net income attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $2.98B USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.17 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $2.06 USD 1 Quarter
Weighted-average common shares outstanding - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.43B shares 1 Quarter
Weighted-average common shares outstanding - basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.45B shares 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.17 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $2.03 USD 1 Quarter
Weighted-average common shares outstanding - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.44B shares 1 Quarter
Weighted-average common shares outstanding - diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.46B shares 1 Quarter
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.38 USD 1 Quarter
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared - USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $286.00M USD 1 Quarter
Net income ProfitLoss $3.01B USD 1 Quarter
Depreciation and impairment of Equipment on operating leases, net DepreciationandImpairmentofEquipmentonOperatingLeasesNet $1.65B USD 1 Quarter
Depreciation and impairment of Equipment on operating leases, net DepreciationandImpairmentofEquipmentonOperatingLeasesNet $1.81B USD 1 Quarter
Depreciation, amortization and impairment charges on Property, net DepreciationamortizationandimpairmentchargesonProperty $1.36B USD 1 Quarter
Depreciation, amortization and impairment charges on Property, net DepreciationamortizationandimpairmentchargesonProperty $1.50B USD 1 Quarter
Foreign currency remeasurement and transaction (gains) ForeignCurrencyRemeasurementandTransactionGainsLosses $73.00M USD 1 Quarter
Foreign currency remeasurement and transaction (gains) ForeignCurrencyRemeasurementandTransactionGainsLosses $116.00M USD 1 Quarter
Undistributed earnings of nonconsolidated affiliates, net IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $349.00M USD 1 Quarter
Undistributed earnings of nonconsolidated affiliates, net IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions $-132.00M USD 1 Quarter
Pension contributions and OPEB payments PensionAndOtherPostretirementBenefitContributions $213.00M USD 1 Quarter
Pension contributions and OPEB payments PensionAndOtherPostretirementBenefitContributions $222.00M USD 1 Quarter
Pension and OPEB income, net PensionAndOtherPostretirementBenefitExpense $-263.00M USD 1 Quarter
Pension and OPEB income, net PensionAndOtherPostretirementBenefitExpense $-397.00M USD 1 Quarter
Provision for deferred taxes DeferredIncomeTaxExpenseBenefit $188.00M USD 1 Quarter
Provision for deferred taxes DeferredIncomeTaxExpenseBenefit $1.08B USD 1 Quarter
Change in other operating assets and liabilities OtherOperatingActivitiesCashFlowStatement $-1.76B USD 1 Quarter
Change in other operating assets and liabilities OtherOperatingActivitiesCashFlowStatement $-4.81B USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.56B USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.27B USD 1 Quarter
Expenditures for property PaymentsToAcquirePropertyPlantAndEquipment $878.00M USD 1 Quarter
Expenditures for property PaymentsToAcquirePropertyPlantAndEquipment $1.22B USD 1 Quarter
Available-for-sale marketable securities, acquisitions PaymentsToAcquireMarketableSecurities $4.09B USD 1 Quarter
Available-for-sale marketable securities, acquisitions PaymentsToAcquireMarketableSecurities $2.37B USD 1 Quarter
Available-for-sale marketable securities, liquidations ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $3.63B USD 1 Quarter
Available-for-sale marketable securities, liquidations ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $1.11B USD 1 Quarter
Purchases of finance receivables, net PaymentsToAcquireFinanceReceivables $6.37B USD 1 Quarter
Purchases of finance receivables, net PaymentsToAcquireFinanceReceivables $8.17B USD 1 Quarter
Principal collections and recoveries on finance receivables ProceedsFromCollectionOfFinanceReceivables $4.74B USD 1 Quarter
Principal collections and recoveries on finance receivables ProceedsFromCollectionOfFinanceReceivables $6.08B USD 1 Quarter
Purchases of leased vehicles, net PaymentsToAcquireLeasesHeldForInvestment $3.73B USD 1 Quarter
Purchases of leased vehicles, net PaymentsToAcquireLeasesHeldForInvestment $6.11B USD 1 Quarter
Proceeds from termination of leased vehicles ProceedsFromLeasesHeldForInvestment $3.09B USD 1 Quarter
Proceeds from termination of leased vehicles ProceedsFromLeasesHeldForInvestment $4.92B USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $88.00M USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $90.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.98B USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-6.57B USD 1 Quarter
Net increase in short-term debt ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $1.54B USD 1 Quarter
Net increase in short-term debt ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $13.00M USD 1 Quarter
Proceeds from issuance of debt (original maturities greater than three months) ProceedsFromDebtMaturingInMoreThanThreeMonths $35.86B USD 1 Quarter
Proceeds from issuance of debt (original maturities greater than three months) ProceedsFromDebtMaturingInMoreThanThreeMonths $13.35B USD 1 Quarter
Payments on debt (original maturities greater than three months) RepaymentsOfDebtMaturingInMoreThanThreeMonths $11.34B USD 1 Quarter
Payments on debt (original maturities greater than three months) RepaymentsOfDebtMaturingInMoreThanThreeMonths $12.70B USD 1 Quarter
Proceeds from issuance of subsidiary preferred stock (Note 16) ProceedsFromIssuanceOfPreferredStockAndPreferenceStock $1.54B USD 1 Quarter
Proceeds from issuance of subsidiary preferred stock (Note 16) ProceedsFromIssuanceOfPreferredStockAndPreferenceStock - USD 1 Quarter
Dividends paid PaymentsOfDividends $590.00M USD 1 Quarter
Dividends paid PaymentsOfDividends $76.00M USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-35.00M USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-267.00M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $23.68B USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $3.62B USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-448.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-140.00M USD 1 Quarter
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $1.76B USD 1 Quarter
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $18.22B USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $23.12B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $41.17B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $22.94B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.88B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $23.12B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $41.17B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $22.94B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.88B USD Point-in-time
Non-cash property additions CapitalExpendituresIncurredButNotYetPaid $1.71B USD 1 Quarter
Non-cash property additions CapitalExpendituresIncurredButNotYetPaid $1.26B USD 1 Quarter
Stockholders Equity 20 line items
Line Item Tag Value Unit Period
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $44.32B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $45.96B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $54.44B USD Point-in-time
Balance at beginning of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $49.68B USD Point-in-time
Net income ProfitLoss $286.00M USD 1 Quarter
Net income ProfitLoss $3.01B USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $155.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-656.00M USD 1 Quarter
Purchase of common stock StockRepurchasedDuringPeriodValue $90.00M USD 1 Quarter
Stock based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $-10.00M USD 1 Quarter
Stock based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $132.00M USD 1 Quarter
Cash dividends paid on common stock DividendsCommonStockCash $545.00M USD 1 Quarter
Dividends to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $4.00M USD 1 Quarter
Dividends to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $61.00M USD 1 Quarter
Other StockholdersEquityOther $-13.00M USD 1 Quarter
Other StockholdersEquityOther $11.00M USD 1 Quarter
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $44.32B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $45.96B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $54.44B USD Point-in-time
Balance at end of period StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $49.68B USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $286.00M USD 1 Quarter
Net income ProfitLoss $3.01B USD 1 Quarter
Foreign currency translation adjustments and other OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-973.00M USD 1 Quarter
Foreign currency translation adjustments and other OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-5.00M USD 1 Quarter
Defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-160.00M USD 1 Quarter
Defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-317.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $155.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-656.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-370.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $3.17B USD 1 Quarter
Comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-20.00M USD 1 Quarter
Comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-15.00M USD 1 Quarter
Comprehensive income (loss) attributable to stockholders ComprehensiveIncomeNetOfTax $-350.00M USD 1 Quarter
Comprehensive income (loss) attributable to stockholders ComprehensiveIncomeNetOfTax $3.18B USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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