General Motors Co

GM 10-Q · Q2 2025

GM Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 42,869 44,060 -2.7%
Show Product Lines breakouts
Services and other 1,348 1,208 +11.6%
Services and other · Automotive 27 29 -6.9%
Services and other · Automotive 1,348 1,208 +11.6%
Services and other · GMI 243 200 +21.5%
Services and other · GMNA 1,078 979 +10.1%
Used vehicles 524 338 +55.0%
Used vehicles · Automotive 524 338 +55.0%
Used vehicles · GMI 9 7 +28.6%
Used vehicles · GMNA 515 331 +55.6%
Vehicle, parts and accessories 40,998 42,515 -3.6%
Vehicle, parts and accessories · Automotive 30 8 +275.0%
Vehicle, parts and accessories · Automotive 40,998 42,515 -3.6%
Vehicle, parts and accessories · GMI 3,075 3,091 -0.5%
Vehicle, parts and accessories · GMNA 37,893 39,416 -3.9%
Show Business Segments breakouts
GMI · Automotive 3,326 3,298 +0.8%
GMNA · Automotive 39,486 40,725 -3.0%
Show Business Group [Axis] breakouts
Automotive 42,869 44,060 -2.7%
Automotive · Corporate Non Segment 57 37 +54.1%
Automotive · Operating Segments 42,869 44,060 -2.7%
Other Revenue 4,253 3,908 +8.8%
Show Business Segments breakouts
GM Financial · Operating Segments 4,255 3,918 +8.6%
Show Business Group [Axis] breakouts
GM Financial 4,253 3,908 +8.8%
Show Consolidation Items breakouts
Intersegment Elimination -2 -10 +80.0%
Revenue 47,122 47,969 -1.8%
Show Business Segments breakouts
GM Financial · Operating Segments 4,255 3,918 +8.6%
GMI · Automotive 3,326 3,298 +0.8%
GMNA · Automotive 39,486 40,725 -3.0%
Show Business Group [Axis] breakouts
Automotive · Corporate Non Segment 57 37 +54.1%
Automotive · Operating Segments 42,869 44,060 -2.7%
Show Consolidation Items breakouts
Intersegment Elimination -2 -35 +94.3%
Show Equity Method Investment Nonconsolidated Investee breakouts
Automotive China joint ventures equity income (loss) 6,084 4,677 +30.1%
Cost of Revenue (Q)
Show Business Group [Axis] breakouts
Automotive 39,289 38,615 +1.7%
Operating Costs And Expenses (Q)
Show Business Group [Axis] breakouts
GM Financial 3,567 3,109 +14.7%
Selling, General & Administrative (Q)
Show Business Group [Axis] breakouts
Automotive 2,139 2,372 -9.8%
Operating Expenses 44,995 44,096 +2.0%
Operating Income 2,127 3,873 -45.1%
Interest Expense (Q)
Show Business Group [Axis] breakouts
Automotive 198 206 -3.9%
Non-Operating Income (Expense) 366 60 +510.0%
Income Loss From Equity Method Investments Less Income From Operational Joint Venture 80 -84 +195.2%
Income Before Taxes 2,375 3,643 -34.8%
Income Tax Expense (Benefit) 481 767 -37.3%
Net Income 1,894 2,877 -34.2%
Show Equity Components breakouts
Noncontrolling Interest -1 -57 +98.2%
Retained Earnings 1,895 2,933 -35.4%
Show Equity Method Investment Nonconsolidated Investee breakouts
Automotive China joint ventures equity income (loss) 127 -214 +159.3%
Net Income Loss Attributable To Noncontrolling Interest 1 57 -98.2%
Net Income 1,895 2,933 -35.4%
Net Income Loss Available To Common Stockholders Basic 1,865 2,919 -36.1%
EPS (Basic) 1.94 2.57 -24.5%
Wtd Avg Shares (Basic) 963 1,136 -15.2%
EPS (Diluted) 1.91 2.55 -25.1%
Wtd Avg Shares (Diluted) 976 1,147 -14.9%
Common Stock Dividends Per Share Declared 0.15 0.12 +25.0%
Comprehensive Income 2,086 2,605 -19.9%
Income Loss From Equity Method Investments 91 240 -62.1%
Show Business Segments breakouts
GM Financial · Operating Segments 16 14 +14.3%
GMI · Automotive 77 -103 +174.8%
GMNA · Automotive 12 330 -96.4%
Show Business Group [Axis] breakouts
Automotive · Corporate Non Segment -14
Automotive · Operating Segments 75 227 -67.0%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Automotive China joint ventures equity income (loss) 71 -104 +168.3%
Other joint ventures equity income (loss) 9 21 -57.1%
Ultium Cells Holdings LLC equity income (loss) 11 324 -96.6%
Provision For Loan Lease And Other Losses (Q)
Show Business Group [Axis] breakouts
GM Financial 354 174 +103.4%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 22,381 22,516 -0.6%
Available For Sale Securities Debt Securities Current 6,958 8,313 -16.3%
Accounts Receivable 16,722 13,406 +24.7%
Notes And Loans Receivable Net Current (Q)
Show Business Group [Axis] breakouts
GM Financial 44,473 42,783 +4.0%
GM Financial · Variable Interest Entity Primary Beneficiary 22,315 25,095 -11.1%
Inventory 15,454 17,605 -12.2%
Other Assets Current 8,297 7,442 +11.5%
Total Current Assets 114,285 112,064 +2.0%
Non-Current Assets
Notes And Loans Receivable Net Noncurrent (Q)
Show Business Group [Axis] breakouts
GM Financial 47,043 44,747 +5.1%
GM Financial · Variable Interest Entity Primary Beneficiary 28,278 23,305 +21.3%
Equity Method Investments 6,103 10,734 -43.1%
Show Business Segments breakouts
GM Financial · Operating Segments 1,257 1,675 -25.0%
GMI · Automotive 1,511 5,701 -73.5%
GMNA · Automotive 3,109 3,357 -7.4%
Show Business Group [Axis] breakouts
Automotive · Corporate Non Segment 226
Automotive · Operating Segments 4,846 9,059 -46.5%
Property Plant And Equipment Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation 52,159 51,145 +2.0%
Intangible Assets Net Including Goodwill 4,488 4,778 -6.1%
Show Business Segments breakouts
Cruise · Operating Segments 1 714 -99.9%
GM Financial · Operating Segments 1,346 1,346 0.0%
GMI · Automotive 663 692 -4.2%
GMNA · Automotive 2,479 2,025 +22.4%
Show Business Group [Axis] breakouts
Automotive · Operating Segments 3,141 2,717 +15.6%
Operating Lease Right Of Use Asset Noncurrent 33,196 30,345 +9.4%
Deferred Tax Assets 21,478 21,088 +1.8%
Other Non-Current Assets 10,631 8,054 +32.0%
Assets Noncurrent 175,099 170,891 +2.5%
Total Assets 289,384 282,956 +2.3%
Show Business Segments breakouts
Cruise · Operating Segments 441 3,882 -88.6%
GM Financial · Operating Segments 142,893 135,902 +5.1%
GMI · Automotive 23,418 25,867 -9.5%
GMNA · Automotive 161,262 163,099 -1.1%
Show Business Group [Axis] breakouts
Automotive · Corporate Non Segment 28,335 41,356 -31.5%
Automotive · Intersegment Elimination -65,630 -83,178 +21.1%
Automotive · Operating Segments 147,384 147,144 +0.2%
Show Consolidated Entities breakouts
Variable Interest Entity Not Primary Beneficiary 3.2 3.2 0.0%
Show Consolidation Items breakouts
Intersegment Elimination -1,335 -3,972 +66.4%
Operating Lease Right-of-Use Assets 33,196 30,345 +9.4%
Goodwill 1.9
Show Business Segments breakouts
GM Financial 1.3
GMNA 571
Current Liabilities
Accounts Payable 27,077 28,762 -5.9%
Debt Current (Q)
Show Business Group [Axis] breakouts
Automotive 1,687 922 +83.0%
GM Financial 36,627 37,176 -1.5%
GM Financial · Variable Interest Entity Primary Beneficiary 17,644 18,278 -3.5%
Accrued Liabilities 28,421 28,503 -0.3%
Total Current Liabilities 93,812 95,363 -1.6%
Non-Current Liabilities
Long Term Debt And Capital Lease Obligations (Q)
Show Business Group [Axis] breakouts
Automotive 15,512 15,409 +0.7%
GM Financial 81,905 72,929 +12.3%
GM Financial · Variable Interest Entity Primary Beneficiary 33,297 26,430 +26.0%
Other Postretirement Defined Benefit Plan Liabilities Noncurrent 3,989 4,250 -6.1%
Defined Benefit Pension Plan Liabilities Noncurrent 6,085 6,171 -1.4%
Other Non-Current Liabilities 19,622 16,933 +15.9%
Liabilities Noncurrent 127,113 115,692 +9.9%
Total Liabilities 220,925 211,055 +4.7%
Long-Term Debt (Q)
Show Business Group [Axis] breakouts
Automotive · Secured Debt 107
Automotive · Unsecured Debt 16,701
GM Financial 118,532
GM Financial · Secured Debt 50,913
GM Financial · Unsecured Debt 67,620
Stockholders' Equity
Common Stock 10 11 -9.1%
Additional Paid-In Capital 20,610 19,602 +5.1%
Retained Earnings 56,675 59,807 -5.2%
Accumulated Other Comprehensive Income -10,932 -10,787 -1.3%
Total Stockholders' Equity 66,363 68,633 -3.3%
Minority Interest 2,096 3,267 -35.8%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 68,459 71,900 -4.8%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -7,848 -7,544 -4.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent 30 16 +87.5%
Accumulated Other Comprehensive Income -10,932 -10,787 -1.3%
Accumulated Translation Adjustment -3,133 -3,155 +0.7%
Additional Paid In Capital 20,610 19,602 +5.1%
Common Stock 10 11 -9.1%
Noncontrolling Interest 2,096 3,267 -35.8%
Retained Earnings 56,675 59,807 -5.2%
Total Liabilities & Equity 289,384 282,956 +2.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciationand Impairmentof Equipmenton Operating Leases Net 2,438 2,425 +0.5%
Depreciation Amortization And Impairment Charges On Property 3,537 3,859 -8.3%
Foreign Currency Remeasurementand Transaction Gains Losses 262 -148 +277.0%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions 583 -101 +677.2%
Pension And Other Postretirement Benefit Contributions -309 -430 +28.1%
Pension And Other Postretirement Benefit Expense 32 30 +6.7%
Deferred Income Taxes 205 1,127 -81.8%
Increase Decrease In Other Operating Capital Net 1,473 -3,464 +142.5%
Net Cash from Operations 12,969 9,128 +42.1%
Depreciation & Amortization 5,959 5,678 +4.9%
Show Business Segments breakouts
Cruise · Operating Segments 5 12 -58.3%
GM Financial · Operating Segments 2,456 2,445 +0.4%
GMI · Automotive 233 272 -14.3%
GMNA · Automotive 3,230 2,924 +10.5%
Show Business Group [Axis] breakouts
Automotive · Corporate Non Segment 36 25 +44.0%
Automotive · Operating Segments 3,499 3,221 +8.6%
Investing Activities
Capital Expenditures -3,953 -5,352 +26.1%
Payments To Acquire Marketable Securities -1,248 -2,232 +44.1%
Proceeds From Sale And Maturity Of Available For Sale Securities 1,719 1,535 +12.0%
Payments To Acquire Finance Receivables -19,275 -16,639 -15.8%
Proceeds From Collection Of Finance Receivables 17,286 15,578 +11.0%
Payments To Acquire Leases Held For Investment -8,591 -7,489 -14.7%
Proceeds From Leases Held For Investment 5,326 6,157 -13.5%
Other Investing Activities -2,422 -546 -343.6%
Net Cash from Investing -11,158 -8,987 -24.2%
Financing Activities
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less 29 294 -90.1%
Proceeds From Debt Maturing In More Than Three Months 30,668 29,370 +4.4%
Repayments Of Debt Maturing In More Than Three Months -27,316 -23,904 -14.3%
Share Repurchases -2,012 -1,346 -49.5%
Payments For Repurchase Of Preferred Stock And Preference Stock -29
Payments Of Dividends -319 -334 +4.5%
Proceeds From Payments For Other Financing Activities -322 -288 -11.8%
Net Cash from Financing 699 3,793 -81.6%
Supplemental
Unpaid Capital Expenditures 3,443 4,889 -29.6%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 327 -231 +241.6%
Net Change in Cash 2,836 3,702 -23.4%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 25,800 25,620 +0.7%

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

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