General Motors Co

GM 10-K · FY 2025

GM FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 167,971 171,606 -2.1%
Show Product Lines breakouts
Services and other 5,724 5,147 +11.2%
Services and other · Automotive 82 116 -29.3%
Services and other · Automotive 5,723 5,145 +11.2%
Services and other · Cruise 1 257 -99.6%
Services and other · GMI 1,100 1,084 +1.5%
Services and other · GMNA 4,541 3,944 +15.1%
Used vehicles 1,737 1,290 +34.7%
Used vehicles · Automotive 1,737 1,290 +34.7%
Used vehicles · GMI 37 31 +19.4%
Used vehicles · GMNA 1,700 1,259 +35.0%
Vehicle, parts, and accessories 160,511 165,170 -2.8%
Vehicle, parts, and accessories · Automotive 145 90 +61.1%
Vehicle, parts, and accessories · Automotive 160,511 165,171 -2.8%
Vehicle, parts, and accessories · GMI 12,290 12,775 -3.8%
Vehicle, parts, and accessories · GMNA 148,076 152,306 -2.8%
Show Business Segments breakouts
Cruise · Operating Segments 1 257 -99.6%
GMI · Automotive 13,427 13,890 -3.3%
GMNA · Automotive 154,317 157,509 -2.0%
Show Business Group [Axis] breakouts
Automotive 167,971 171,606 -2.1%
Automotive · Corporate Non Segment 227 206 +10.2%
Automotive · Operating Segments 167,970 171,605 -2.1%
Other Revenue 17,048 15,836 +7.7%
Show Business Segments breakouts
GM Financial · Operating Segments 17,060 15,875 +7.5%
Show Geography breakouts
Non Us · GM Financial 2,472 2,261 +9.3%
US · GM Financial 14,577 13,575 +7.4%
Show Business Group [Axis] breakouts
GM Financial 17,048 15,836 +7.7%
Show Consolidation Items breakouts
Intersegment Elimination -12 -40 +70.0%
Revenue 185,019 187,442 -1.3%
Show Business Segments breakouts
Cruise · Operating Segments 1 257 -99.6%
GM Financial · Operating Segments 17,060 15,875 +7.5%
GM North America · Operating Segments 154,317 157,509 -2.0%
GMI · Automotive 13,427 13,890 -3.3%
GMI · Operating Segments 13,427 13,890 -3.3%
GMNA · Automotive 154,317 157,509 -2.0%
Show Business Group [Axis] breakouts
Automotive · Corporate Non Segment 227 206 +10.2%
Automotive · Operating Segments 167,970 171,605 -2.1%
Show Consolidation Items breakouts
Corporate Non Segment 227 206 +10.2%
Eliminations -13
Intersegment Elimination -12 -296 +95.9%
Operating Segments 184,805 187,532 -1.5%
Show Equity Method Investment Nonconsolidated Investee breakouts
Automotive China JVs · Equity Method Investee 24,450 21,740 +12.5%
Others · Equity Method Investee 4,764 5,545 -14.1%
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 29,214 27,285 +7.1%
Other Affiliates 92 90 +2.2%
Cost of Revenue (FY)
Show Business Group [Axis] breakouts
Automotive 159,128 151,065 +5.3%
Operating Costs And Expenses (FY)
Show Business Group [Axis] breakouts
GM Financial 14,295 12,972 +10.2%
Selling, General & Administrative (FY)
Show Business Group [Axis] breakouts
Automotive 8,687 10,621 -18.2%
Operating Expenses 182,110 174,658 +4.3%
Operating Income 2,909 12,784 -77.2%
Interest Expense (FY)
Show Business Group [Axis] breakouts
Automotive 727 846 -14.1%
Non-Operating Income (Expense) 1,535 1,257 +22.1%
Income Loss From Equity Method Investments Less Income From Operational Joint Venture -600 -4,675 +87.2%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Automotive China JVs -0.3 -4.4 +93.2%
Income Before Taxes 3,117 8,519 -63.4%
Income Tax Expense (Benefit) 338 2,556 -86.8%
Net Income 2,780 5,963 -53.4%
Show Equity Components breakouts
Noncontrolling Interest 83 -45 +284.4%
Retained Earnings 2,697 6,008 -55.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
Automotive China JVs · Equity Method Investee -685 -4,466 +84.7%
Others · Equity Method Investee 989 1,315 -24.8%
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 304 -3,151 +109.6%
Net Income Loss Attributable To Noncontrolling Interest -83 45 -284.4%
Net Income 2,697 6,008 -55.1%
Net Income Loss Available To Common Stockholders Basic 3,180 7,189 -55.8%
EPS (Basic) 3.33 6.45 -48.4%
Wtd Avg Shares (Basic) 955 1,115 -14.3%
EPS (Diluted) 3.27 6.37 -48.7%
Wtd Avg Shares (Diluted) 973 1,129 -13.8%
Research & Development (FY)
Show Income Statement Location breakouts
Cost Of Sales 8.5 9.2 -7.6%
Other Non-Operating Income (Expense) -31 112 -127.7%
Comprehensive Income 3,607 5,002 -27.9%
Income Loss From Equity Method Investments 184 -3,701 +105.0%
Show Business Segments breakouts
GM Financial · Operating Segments 39 -256 +115.2%
GM North America · Operating Segments 558 955 -41.6%
GMI · Operating Segments -306 -4,400 +93.0%
Show Consolidation Items breakouts
Corporate Non Segment -108
Operating Segments 291 -3,701 +107.9%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Automotive China -316 -4,407 +92.8%
Others -283 -268 -5.6%
Ultium Cells Holdings LLC 784 975 -19.6%
Provision For Loan Lease And Other Losses (FY)
Show Business Group [Axis] breakouts
GM Financial 1,207 1,029 +17.3%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 3,117 8,519 -63.4%
Show Geography breakouts
Non Us 3,159 -1,196 +364.1%
US -42 9,715 -100.4%
Revenue From Contract With Customer Including Assessed Tax (FY)
Show Geography breakouts
Non Us · Automotive 29,863 31,070 -3.9%
US · Automotive 138,108 140,536 -1.7%
Marketing And Advertising Expense (FY)
Show Income Statement Location breakouts
Selling General And Administrative Expenses 3.1 3.3 -6.1%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 20,945 19,872 +5.4%
Available For Sale Securities Debt Securities Current 6,724 7,265 -7.4%
Accounts Receivable 13,054 12,827 +1.8%
Show Related Party Transactions By Related Party breakouts
Other Affiliates 2,523 1,056 +138.9%
Notes And Loans Receivable Net Current (Q)
Show Business Group [Axis] breakouts
GM Financial 45,266 46,362 -2.4%
GM Financial · Variable Interest Entity Primary Beneficiary 29,126 27,631 +5.4%
Inventory 14,467 14,564 -0.7%
Other Assets Current 8,312 7,655 +8.6%
Total Current Assets 108,767 108,545 +0.2%
Show Equity Method Investment Nonconsolidated Investee breakouts
Automotive China JVs · Equity Method Investee 12,837 11,203 +14.6%
Others · Equity Method Investee 8,685 10,862 -20.0%
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 21,522 22,065 -2.5%
Non-Current Assets
Notes And Loans Receivable Net Noncurrent (Q)
Show Business Group [Axis] breakouts
GM Financial 44,384 46,474 -4.5%
GM Financial · Variable Interest Entity Primary Beneficiary 20,128 27,619 -27.1%
Equity Method Investments 5,681 7,102 -20.0%
Show Business Segments breakouts
GM Financial · Operating Segments 1,117 1,206 -7.4%
GM North America · Operating Segments 3,187 4,447 -28.3%
GMI · Operating Segments 1,073 1,449 -25.9%
Show Consolidation Items breakouts
Corporate Non Segment 304
Operating Segments 5,377 7,102 -24.3%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Automotive China 1,105 1,474 -25.0%
Others 2,221 1,879 +18.2%
Ultium Cells Holdings LLC 2,355 3,749 -37.2%
Property Plant And Equipment Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation 51,683 51,904 -0.4%
Intangible Assets Net Including Goodwill 4,366 4,551 -4.1%
Show Business Segments breakouts
GM Financial · Operating Segments 1,348 1,339 +0.7%
GM North America · Operating Segments 2,371 1,966 +20.6%
GMI · Operating Segments 647 676 -4.3%
Show Consolidation Items breakouts
Operating Segments 4,366 4,551 -4.1%
Operating Lease Rightofuse Asset Noncurrent 33,686 31,586 +6.6%
Deferred Tax Assets 22,960 21,254 +8.0%
Other Non-Current Assets 9,756 8,346 +16.9%
Assets Noncurrent 172,517 171,216 +0.8%
Show Equity Method Investment Nonconsolidated Investee breakouts
Automotive China JVs · Equity Method Investee 5,826 6,518 -10.6%
Others · Equity Method Investee 10,936 11,434 -4.4%
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 16,762 17,952 -6.6%
Total Assets 281,284 279,761 +0.5%
Show Business Segments breakouts
Cruise · Operating Segments 288 2,948 -90.2%
GM Financial · Operating Segments 138,820 139,156 -0.2%
GM North America · Operating Segments 162,079 165,905 -2.3%
GMI · Operating Segments 22,924 21,769 +5.3%
Show Consolidated Entities breakouts
Variable Interest Entity Not Primary Beneficiary 3.6 4.3 -16.3%
Show Consolidation Items breakouts
Corporate Non Segment 30,593 38,817 -21.2%
Eliminations -73,419
Operating Segments 324,110 329,778 -1.7%
Show Equity Method Investment Nonconsolidated Investee breakouts
Automotive China JVs · Equity Method Investee 18,663 17,721 +5.3%
Others · Equity Method Investee 19,621 22,296 -12.0%
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 38,284 40,017 -4.3%
Operating Lease Right-of-Use Assets 1 919 -99.9%
Goodwill 1.9 1.9 0.0%
Show Business Segments breakouts
GM Financial 1.3 1.3 0.0%
GM North America 571
Intangible Assets 2,454 2,649 -7.4%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 148 164 -9.8%
Intellectual Property 1 71 -98.6%
Trade Names 2,305 2,415 -4.6%
Current Liabilities
Accounts Payable 23,919 25,680 -6.9%
Show Related Party Transactions By Related Party breakouts
Other Affiliates 1,698 892 +90.4%
Debt Current (Q)
Show Business Group [Axis] breakouts
Automotive 656 2,141 -69.4%
GM Financial 35,012 37,291 -6.1%
GM Financial · Variable Interest Entity Primary Beneficiary 17,681 18,008 -1.8%
Accrued Liabilities 33,754 31,154 +8.3%
Total Current Liabilities 93,342 96,265 -3.0%
Show Equity Method Investment Nonconsolidated Investee breakouts
Automotive China JVs · Equity Method Investee 18,924 17,076 +10.8%
Others · Equity Method Investee 6,036 7,722 -21.8%
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 24,960 24,798 +0.7%
Deferred Revenue (Current) 3,950 3,371 +17.2%
Non-Current Liabilities
Long Term Debt And Capital Lease Obligations (Q)
Show Business Group [Axis] breakouts
Automotive 15,591 13,327 +17.0%
GM Financial 79,018 76,973 +2.7%
GM Financial · Variable Interest Entity Primary Beneficiary 29,232 31,638 -7.6%
Other Postretirement Defined Benefit Plan Liabilities Noncurrent 4,025 3,990 +0.9%
Defined Benefit Pension Plan Liabilities Noncurrent 4,988 5,779 -13.7%
Other Non-Current Liabilities 21,151 17,836 +18.6%
Liabilities Noncurrent 124,775 117,906 +5.8%
Show Equity Method Investment Nonconsolidated Investee breakouts
Automotive China JVs · Equity Method Investee 815 887 -8.1%
Others · Equity Method Investee 1,559 2,562 -39.1%
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 2,374 3,449 -31.2%
Total Liabilities 218,116 214,171 +1.8%
Show Equity Method Investment Nonconsolidated Investee breakouts
Automotive China JVs · Equity Method Investee 19,739 17,963 +9.9%
Others · Equity Method Investee 7,595 10,284 -26.1%
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 27,334 28,247 -3.2%
Long-Term Debt (Q)
Show Business Group [Axis] breakouts
Automotive · Secured Debt 164 105 +56.2%
Automotive · Unsecured Debt 15,468 14,980 +3.3%
GM Financial 114,031 114,264 -0.2%
GM Financial · Secured Debt 46,904 49,573 -5.4%
GM Financial · Unsecured Debt 67,127 64,691 +3.8%
Operating Lease Liabilities 1 1 0.0%
Contract With Customer Liability Noncurrent 7,098 5,940 +19.5%
Stockholders' Equity
Common Stock 9 10 -10.0%
Additional Paid-In Capital 19,928 20,843 -4.4%
Retained Earnings 51,524 53,472 -3.6%
Accumulated Other Comprehensive Income -10,343 -11,253 +8.1%
Total Stockholders' Equity 61,119 63,072 -3.1%
Minority Interest 2,049 2,518 -18.6%
Show Equity Method Investment Nonconsolidated Investee breakouts
Automotive China JVs · Equity Method Investee 344 279 +23.3%
Others · Equity Method Investee 2
Show Related Party Transactions By Related Party breakouts
Equity Method Investee 346 279 +24.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 63,168 65,590 -3.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -7,330 -7,669 +4.4%
Accumulated Gain Loss Net Cash Flow Hedge Parent 226 86 +162.8%
Accumulated Other Comprehensive Income -10,343 -11,253 +8.1%
Accumulated Translation Adjustment -3,277 -3,630 +9.7%
Additional Paid In Capital 19,928 20,843 -4.4%
Common Stock 9 10 -10.0%
Noncontrolling Interest 2,049 2,518 -18.6%
Retained Earnings 51,524 53,472 -3.6%
Total Liabilities & Equity 281,284 279,761 +0.5%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciationand Impairmentof Equipmenton Operating Leases Net 4,942 4,844 +2.0%
Depreciation Amortization And Impairment Charges On Property 9,646 7,545 +27.8%
Foreign Currency Remeasurementand Transaction Gains Losses 363 -321 +213.1%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions 1,785 4,118 -56.7%
Pension And Other Postretirement Benefit Contributions -539 -1,518 +64.5%
Pension And Other Postretirement Benefit Expense 29 89 -67.4%
Deferred Income Taxes -1,249 1,368 -191.3%
Increase Decrease In Other Operating Capital Net 9,056 -1,529 +692.3%
Other Operating Activities Cash Flow Statement 54 -433 +112.5%
Net Cash from Operations 26,867 20,129 +33.5%
Depreciation & Amortization 11,980 11,456 +4.6%
Show Business Segments breakouts
Cruise · Operating Segments 5 25 -80.0%
GM Financial · Operating Segments 4,976 4,883 +1.9%
GM North America · Operating Segments 6,489 5,963 +8.8%
GMI · Operating Segments 466 506 -7.9%
Show Consolidation Items breakouts
Corporate Non Segment 43 80 -46.2%
Operating Segments 11,936 11,376 +4.9%
Show Fair Value By Asset Class breakouts
Property Plant And Equipment 6,892 6,466 +6.6%
Change in Accounts Receivable 846 -846 +200.0%
Change in Inventory 626 666 -6.0%
Change in Accounts Payable -2,145 1,284 -267.1%
Investing Activities
Capital Expenditures -9,303 -10,830 +14.1%
Payments To Acquire Marketable Securities -2,339 -3,986 +41.3%
Proceeds From Sale And Maturity Of Available For Sale Securities 3,012 4,331 -30.5%
Payments To Acquire Finance Receivables -36,745 -36,348 -1.1%
Proceeds From Collection Of Finance Receivables 35,109 31,784 +10.5%
Proceeds From Sale Of Finance Receivables 2,005
Show Business Acquisition breakouts
GM Financial 2
Payments To Acquire Leases Held For Investment -15,793 -15,279 -3.4%
Proceeds From Leases Held For Investment 10,095 10,892 -7.3%
Other Investing Activities -2,175 -1,081 -101.2%
Net Cash from Investing -16,134 -20,517 +21.4%
Financing Activities
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less -312 128 -343.8%
Proceeds From Debt Maturing In More Than Three Months 43,191 53,435 -19.2%
Repayments Of Debt Maturing In More Than Three Months -45,591 -43,399 -5.1%
Share Repurchases -6,012 -7,064 +14.9%
Payments For Repurchase Of Preferred Stock And Preference Stock -29 -101 +71.3%
Payments Of Dividends -657 -653 -0.6%
Proceeds From Payments For Other Financing Activities -180 -407 +55.8%
Net Cash from Financing -9,590 1,938 -594.8%
Supplemental
Unpaid Capital Expenditures 3,859 3,864 -0.1%
Non Cash Ultium Loan Receivable Reduction 390
Income Taxes Paid 1,548 1.5 +103100.0%
Interest Paid 6,631 6,183 +7.2%
Show Business Group [Axis] breakouts
Automotive 539 777 -30.6%
GM Financial 6,092 5,406 +12.7%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 177 -503 +135.2%
Net Change in Cash 1,320 1,047 +26.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 24,284 22,964 +5.7%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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