• Buick | • Cadillac | • Chevrolet | • GMC |
• Buick | • Chevrolet | • Holden | • Vauxhall |
• Cadillac | • GMC | • Opel |
• Alpheon | • Buick | • Chevrolet | • Wuling |
• Baojun | • Cadillac | • Jiefang |
At and For the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||||||||
GMNA | GME | GMIO | GMSA | Corporate | Eliminations | Total Automotive | GM Financial | Eliminations | Total | ||||||||||||||||||||||||||||||
Sales | |||||||||||||||||||||||||||||||||||||||
External customers | $ | 95,091 | $ | 20,110 | $ | 20,263 | $ | 16,478 | $ | 150 | $ | 152,092 | $ | — | $ | — | $ | 152,092 | |||||||||||||||||||||
GM Financial revenue | — | — | — | — | — | — | 3,344 | (9 | ) | 3,335 | |||||||||||||||||||||||||||||
Intersegment | 8 | — | — | — | — | 8 | — | (8 | ) | — | |||||||||||||||||||||||||||||
Total net sales and revenue | $ | 95,099 | $ | 20,110 | $ | 20,263 | $ | 16,478 | $ | 150 | $ | 152,100 | $ | 3,344 | $ | (17 | ) | $ | 155,427 | ||||||||||||||||||||
Income (loss) before interest and taxes-adjusted | $ | 7,461 | $ | (844 | ) | $ | 1,230 | $ | 327 | $ | (494 | ) | $ | 7,680 | $ | 898 | $ | — | $ | 8,578 | |||||||||||||||||||
Adjustments(a) | $ | (100 | ) | $ | 153 | $ | (1,169 | ) | $ | (157 | ) | 483 | $ | (790 | ) | (15 | ) | $ | — | (805 | ) | ||||||||||||||||||
Corporate interest income | 249 | $ | (3 | ) | 246 | ||||||||||||||||||||||||||||||||||
Automotive interest expense | 338 | $ | (4 | ) | 334 | ||||||||||||||||||||||||||||||||||
Loss on extinguishment of debt | 212 | — | 212 | ||||||||||||||||||||||||||||||||||||
Income (loss) before income taxes | (312 | ) | 883 | 7,473 | |||||||||||||||||||||||||||||||||||
Income tax expense | 1,826 | 300 | $ | 1 | 2,127 | ||||||||||||||||||||||||||||||||||
Net income (loss) attributable to stockholders | $ | (2,138 | ) | $ | 583 | $ | 5,346 | ||||||||||||||||||||||||||||||||
Equity in net assets of nonconsolidated affiliates | $ | 74 | $ | 7 | $ | 8,009 | $ | 4 | $ | — | $ | — | $ | 8,094 | $ | — | $ | — | $ | 8,094 | |||||||||||||||||||
Total assets | $ | 87,978 | $ | 10,341 | $ | 23,425 | $ | 11,488 | $ | 26,460 | $ | (29,642 | ) | $ | 130,050 | $ | 38,084 | $ | (1,790 | ) | $ | 166,344 | |||||||||||||||||
Expenditures for property | $ | 5,466 | $ | 770 | $ | 772 | $ | 444 | $ | 92 | $ | 5 | $ | 7,549 | $ | 16 | $ | — | $ | 7,565 | |||||||||||||||||||
Depreciation, amortization and impairment of long-lived assets and finite-lived intangible assets | $ | 4,216 | $ | 406 | $ | 1,806 | $ | 522 | $ | 63 | $ | (1 | ) | $ | 7,012 | $ | 498 | $ | (10 | ) | $ | 7,500 | |||||||||||||||||
Equity income and gain on investments | $ | 15 | $ | — | $ | 1,794 | $ | 1 | $ | — | $ | — | $ | 1,810 | $ | — | $ | — | $ | 1,810 |
(a) | Consists of pension settlement charges of $56 million and charges related to PSA product development agreement of $49 million in GMNA; gain on sale of equity investment in PSA of $152 million in GME; property and intangible asset impairment charges of $774 million, costs related to the withdrawal of the Chevrolet brand in Europe of $621 million and goodwill impairment charges of $442 million, partially offset by GM Korea hourly wage litigation of $577 million and acquisition of GM Korea preferred shares of $67 million in GMIO, all net of noncontrolling interests; Venezuela currency devaluation of $162 million in GMSA; gain on sale of equity investment in Ally Financial of $483 million in Corporate; costs related to the withdrawal of the Chevrolet brand in Europe of $15 million in GM Financial; and income related to various insurance recoveries of $35 million. |
At and For the Year Ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||||
GMNA | GME | GMIO | GMSA | Corporate | Eliminations | Total Automotive | GM Financial | Eliminations | Total | ||||||||||||||||||||||||||||||
Sales | |||||||||||||||||||||||||||||||||||||||
External customers | $ | 89,912 | $ | 20,689 | $ | 22,954 | $ | 16,700 | $ | 40 | $ | 150,295 | $ | — | $ | — | $ | 150,295 | |||||||||||||||||||||
GM Financial revenue | — | — | — | — | — | — | 1,961 | — | 1,961 | ||||||||||||||||||||||||||||||
Intersegment | (2 | ) | — | — | — | — | (2 | ) | — | 2 | — | ||||||||||||||||||||||||||||
Total net sales and revenue | $ | 89,910 | $ | 20,689 | $ | 22,954 | $ | 16,700 | $ | 40 | $ | 150,293 | $ | 1,961 | $ | 2 | $ | 152,256 | |||||||||||||||||||||
Income (loss) before interest and taxes-adjusted | $ | 6,470 | $ | (1,939 | ) | $ | 2,528 | $ | 457 | $ | (400 | ) | $ | 7,116 | $ | 744 | $ | (1 | ) | $ | 7,859 | ||||||||||||||||||
Adjustments(a) | $ | (29,052 | ) | $ | (6,391 | ) | $ | (288 | ) | $ | 27 | (402 | ) | $ | (36,106 | ) | — | $ | — | (36,106 | ) | ||||||||||||||||||
Corporate interest income | 343 | 343 | |||||||||||||||||||||||||||||||||||||
Automotive interest expense | 489 | 489 | |||||||||||||||||||||||||||||||||||||
Loss on extinguishment of debt | 250 | — | 250 | ||||||||||||||||||||||||||||||||||||
Income (loss) before income taxes | (1,198 | ) | 744 | (28,643 | ) | ||||||||||||||||||||||||||||||||||
Income tax expense (benefit) | (35,007 | ) | 177 | $ | (1 | ) | (34,831 | ) | |||||||||||||||||||||||||||||||
Net income attributable to stockholders | $ | 33,809 | $ | 567 | $ | 6,188 | |||||||||||||||||||||||||||||||||
Equity in net assets of nonconsolidated affiliates | $ | 65 | $ | 51 | $ | 6,764 | $ | 3 | $ | — | $ | — | $ | 6,883 | $ | — | $ | — | $ | 6,883 | |||||||||||||||||||
Total assets | $ | 87,100 | $ | 9,669 | $ | 25,032 | $ | 11,958 | $ | 16,991 | $ | (17,006 | ) | $ | 133,744 | $ | 16,368 | $ | (690 | ) | $ | 149,422 | |||||||||||||||||
Expenditures for property | $ | 4,766 | $ | 1,035 | $ | 1,225 | $ | 956 | $ | 77 | $ | (4 | ) | $ | 8,055 | $ | 13 | $ | — | $ | 8,068 | ||||||||||||||||||
Depreciation, amortization and impairment of long-lived assets and finite-lived intangible assets | $ | 3,663 | $ | 6,570 | $ | 638 | $ | 483 | $ | 49 | $ | (1 | ) | $ | 11,402 | $ | 225 | $ | (10 | ) | $ | 11,617 | |||||||||||||||||
Equity income and gain on investments | $ | 9 | $ | — | $ | 1,552 | $ | 1 | $ | — | $ | — | $ | 1,562 | $ | — | $ | — | $ | 1,562 | |||||||||||||||||||
Valuation allowances against deferred tax assets(b) | $ | — | $ | — | $ | — | $ | — | $ | (36,261 | ) | $ | — | $ | (36,261 | ) | $ | (103 | ) | $ | — | $ | (36,364 | ) |
(a) | Consists of Goodwill impairment charges of $26.4 billion, pension settlement charges of $2.7 billion and income related to various insurance recoveries of $9 million in GMNA; property impairment charges of $3.7 billion, intangible assets impairment charges of $1.8 billion, goodwill impairment charges of $590 million, impairment charges related to investment in PSA of $220 million, a charge of $119 million to record General Motors Strasbourg S.A.S. assets and liabilities to estimated fair value and income related to various insurance recoveries of $7 million in GME; GM Korea hourly wage litigation charge of $336 million, goodwill impairment charges of $132 million, which are presented net of noncontrolling interests, income related to various insurance recoveries of $112 million and income related to redemption of the GM Korea mandatorily redeemable preferred shares of $68 million in GMIO; income related to various insurance recoveries of $27 million in GMSA; and a charge of $402 million which represents the premium paid to purchase our common stock from the UST in Corporate. |
(b) | Includes valuation allowance releases of $36.5 billion net of the establishment of new valuation allowances of $0.1 billion. Amounts exclude changes related to income tax expense (benefits) in jurisdictions with a full valuation allowance throughout the period. |
For the Year Ended December 31, 2011 | |||||||||||||||||||||||||||||||||||||||
GMNA | GME | GMIO | GMSA | Corporate | Eliminations | Total Automotive | GM Financial | Eliminations | Total | ||||||||||||||||||||||||||||||
Sales | |||||||||||||||||||||||||||||||||||||||
External customers | $ | 85,988 | $ | 25,154 | $ | 21,031 | $ | 16,632 | $ | 61 | $ | 148,866 | $ | — | $ | — | $ | 148,866 | |||||||||||||||||||||
GM Financial revenue | — | — | — | — | — | — | 1,410 | — | 1,410 | ||||||||||||||||||||||||||||||
Intersegment | 3 | — | — | — | — | 3 | — | (3 | ) | — | |||||||||||||||||||||||||||||
Total net sales and revenue | $ | 85,991 | $ | 25,154 | $ | 21,031 | $ | 16,632 | $ | 61 | $ | 148,869 | $ | 1,410 | $ | (3 | ) | $ | 150,276 | ||||||||||||||||||||
Income (loss) before interest and taxes-adjusted | $ | 6,779 | $ | (1,041 | ) | $ | 2,232 | $ | 158 | $ | (446 | ) | $ | 7,682 | $ | 622 | $ | — | $ | 8,304 | |||||||||||||||||||
Adjustments(a) | $ | 2,394 | $ | (1,016 | ) | $ | (364 | ) | $ | 63 | (216 | ) | $ | 861 | — | $ | — | 861 | |||||||||||||||||||||
Corporate interest income | 455 | 455 | |||||||||||||||||||||||||||||||||||||
Automotive interest expense | 540 | 540 | |||||||||||||||||||||||||||||||||||||
Income (loss) before income taxes | (747 | ) | 622 | 9,080 | |||||||||||||||||||||||||||||||||||
Income tax expense (benefit) | (295 | ) | 185 | (110 | ) | ||||||||||||||||||||||||||||||||||
Net income (loss) attributable to stockholders | $ | (452 | ) | $ | 437 | $ | 9,190 | ||||||||||||||||||||||||||||||||
Equity in net assets of nonconsolidated affiliates | $ | 60 | $ | 50 | $ | 6,678 | $ | 2 | $ | — | $ | — | $ | 6,790 | $ | — | $ | — | $ | 6,790 | |||||||||||||||||||
Total assets | $ | 83,528 | $ | 15,777 | $ | 22,130 | $ | 11,514 | $ | 30,244 | $ | (31,333 | ) | $ | 131,860 | $ | 13,112 | $ | (369 | ) | $ | 144,603 | |||||||||||||||||
Expenditures for property | $ | 3,404 | $ | 1,016 | $ | 907 | $ | 880 | $ | 44 | $ | (10 | ) | $ | 6,241 | $ | 8 | $ | — | $ | 6,249 | ||||||||||||||||||
Depreciation, amortization and impairment of long-lived assets and finite-lived intangible assets | $ | 3,693 | $ | 1,371 | $ | 491 | $ | 454 | $ | 50 | $ | (1 | ) | $ | 6,058 | $ | 85 | $ | (2 | ) | $ | 6,141 | |||||||||||||||||
Equity income and gain on investments(b) | $ | 1,733 | $ | — | $ | 1,458 | $ | 1 | $ | — | $ | — | $ | 3,192 | $ | — | $ | — | $ | 3,192 | |||||||||||||||||||
Reversal of valuation allowances against deferred tax assets(c) | $ | — | $ | — | $ | — | $ | — | $ | (488 | ) | $ | — | $ | (488 | ) | $ | — | $ | — | $ | (488 | ) |
(a) | Consists of the gain on sale of our New Delphi Class A Membership Interests of $1.6 billion and the gain related to the HCT settlement of $749 million in GMNA; Goodwill impairment charges of $1.0 billion in GME; Goodwill impairment charges of $258 million and charges related to GM India of $106 million in GMIO; a gain on extinguishment of debt of $63 million in GMSA; and impairment charges of $555 million related to Ally Financial common stock and a gain on the sale of Ally Financial preferred stock of $339 million in Corporate. |
(b) | Includes a gain of $1.6 billion recorded on the sale of our New Delphi Class A Membership Interests. Refer to Note 8 for additional information on the sale of New Delphi. |
(c) | Amounts exclude changes related to income tax expense (benefits) in jurisdictions with a full valuation allowance throughout the period. |
At and For the Years Ended December 31, | |||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||
Net Sales & Revenue | Long-Lived Assets | Net Sales & Revenue | Long-Lived Assets | Net Sales & Revenue | Long-Lived Assets | ||||||||||||||||||
Automotive | |||||||||||||||||||||||
U.S. | $ | 88,784 | $ | 15,844 | $ | 85,105 | $ | 13,520 | $ | 79,868 | $ | 11,736 | |||||||||||
Non-U.S. | 63,308 | 12,289 | 65,190 | 12,425 | 68,998 | 13,709 | |||||||||||||||||
GM Financial | |||||||||||||||||||||||
U.S. | 2,233 | 2,472 | 1,832 | 1,112 | 1,363 | 532 | |||||||||||||||||
Non-U.S. | 1,102 | 1,043 | 129 | 590 | 47 | 300 | |||||||||||||||||
Total consolidated | $ | 155,427 | $ | 31,648 | $ | 152,256 | $ | 27,647 | $ | 150,276 | $ | 26,277 |