Stock Analysis on Net
Stock Analysis on Net

General Motors Co. (NYSE:GM)

Common-Size Balance Sheet: Assets 
Quarterly Data

General Motors Co., common-size consolidated balance sheet: assets (quarterly data)

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Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents 7.12 7.05 7.45 7.95 7.73 7.29 7.10 8.21 7.96 6.38 6.90 8.95 8.37 6.83 7.25 7.96 6.59 6.50 8.20 7.28 9.48 9.06
Marketable debt securities 1.62 1.64 2.39 2.36 2.40 2.45 2.60 2.93 2.94 2.84 2.79 3.43 3.46 3.74 4.60 3.67 3.99 3.94 3.52 2.76 2.57 3.26
Accounts and notes receivable, net of allowance 5.93 5.83 4.64 5.94 5.78 5.29 4.58 4.76 4.74 4.98 4.53 4.94 5.10 5.13 5.05 5.38 4.90 4.75 3.02 3.39 3.38 3.83
GM Financial receivables, net of allowance 15.87 15.57 16.09 15.45 15.37 15.78 16.57 15.37 15.12 15.07 14.31 12.86 12.49 12.09 12.73 11.92 11.23 11.31 10.89 10.52 10.11 10.31
Inventories 5.64 5.55 5.14 5.32 5.34 5.41 5.21 5.99 6.22 6.34 6.03 6.30 6.49 6.65 5.82 6.28 6.65 5.90 5.31 6.09 5.42 5.06
Other current assets 2.72 3.20 2.95 2.77 2.87 2.77 2.74 2.64 2.63 2.89 2.65 2.83 2.81 2.58 2.59 2.50 2.57 2.83 2.61 2.57 3.21 2.91
Current assets 38.91% 38.84% 38.67% 39.78% 39.49% 38.99% 38.80% 39.90% 39.60% 38.49% 37.21% 39.30% 38.72% 37.02% 38.04% 37.72% 35.93% 35.23% 33.55% 32.61% 34.16% 34.43%
GM Financial receivables, net of allowance 15.72 15.56 15.78 15.72 16.26 16.50 16.61 15.88 15.81 15.73 16.50 15.97 16.02 16.32 15.37 15.18 15.08 14.48 14.78 14.52 14.68 14.13
Equity in net assets of nonconsolidated affiliates 2.00 2.13 2.02 2.18 2.11 2.44 2.54 3.82 3.79 3.88 3.89 3.74 3.65 3.95 3.85 3.80 3.84 4.14 3.95 3.87 3.67 3.77
Property, net 18.86 18.57 18.37 18.02 18.02 18.48 18.55 17.80 18.08 18.59 18.43 17.54 17.38 17.56 17.14 16.43 16.54 16.58 16.80 16.62 16.06 15.85
Goodwill and intangible assets, net 1.52 1.54 1.55 1.54 1.55 1.60 1.63 1.64 1.69 1.74 1.78 1.74 1.79 1.86 1.87 1.91 1.98 2.01 2.08 2.15 2.14 2.17
Equipment on operating leases, net 11.63 11.87 11.98 11.66 11.47 11.43 11.29 10.70 10.72 10.88 11.20 11.03 11.44 11.93 12.39 12.97 13.93 14.55 15.50 16.62 16.79 16.92
Deferred income taxes 8.01 8.07 8.16 7.52 7.42 7.53 7.60 7.26 7.45 7.85 8.18 7.20 7.48 7.74 7.78 7.90 8.30 8.46 8.64 9.32 9.27 9.68
Other assets 3.35 3.42 3.47 3.57 3.67 3.04 2.98 3.00 2.85 2.83 2.81 3.48 3.51 3.62 3.55 4.10 4.40 4.55 4.69 4.28 3.23 3.04
Non-current assets 61.09% 61.16% 61.33% 60.22% 60.51% 61.01% 61.20% 60.10% 60.40% 61.51% 62.79% 60.70% 61.28% 62.98% 61.96% 62.28% 64.07% 64.77% 66.45% 67.39% 65.84% 65.57%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

The asset structure reflects a gradual shift in composition from non-current to current assets over the analyzed period. Current assets, which represented approximately 34.43% of total assets in March 2021, increased to 38.91% by June 2026. Conversely, non-current assets decreased from 65.57% to 61.09% over the same timeframe, indicating a trend toward higher liquidity and a modified asset base.

Liquidity and Cash Management
Cash and cash equivalents remained relatively stable, fluctuating between a high of 9.48% and a low of 6.38%, ending the period at 7.12%. There is a noticeable downward trend in marketable debt securities, which declined from 3.26% in March 2021 to 1.62% by June 2026, suggesting a strategic reduction in short-term investment holdings.
Financing and Receivables Growth
A significant increase is observed in the weight of GM Financial receivables within the asset mix. Current GM Financial receivables rose from 10.31% to 15.87%, while non-current receivables moved from 14.13% to 15.72%. Collectively, these receivables represent a larger portion of the balance sheet, indicating an expanded role for the company's financing operations.
Fixed Asset and Lease Dynamics
The allocation toward property, net, showed a steady increase from 15.85% in early 2021 to 18.86% by mid-2026. This growth is mirrored by a consistent decline in equipment on operating leases, which dropped from 16.92% to 11.63%. This pattern suggests a shift from leased assets toward owned capital assets.
Other Non-Current Asset Trends
Equity in net assets of nonconsolidated affiliates remained stable near 3.7% to 4.1% until late 2024, after which a sharp decline occurred, settling at approximately 2.00% by June 2026. Deferred income taxes also experienced a general reduction, moving from 9.68% in March 2021 to 8.01% by June 2026.

Overall, the analysis reveals a strategic transition characterized by the growth of the financing arm's receivables and an increase in owned property, offset by a reduction in leased equipment and nonconsolidated affiliate investments.

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