Stock Analysis on Net
Stock Analysis on Net

General Motors Co. (NYSE:GM)

$24.99

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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General Motors Co., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Automotive net sales and revenue
Automotive and other cost of sales
Automotive and other gross margin
GM Financial net sales and revenue
GM Financial interest, operating and other expenses
Automotive and other selling, general and administrative expense
Operating income
Automotive interest expense
Non-service pension and OPEB income
Interest income
Licensing agreements income
Revaluation of investments
Other
Interest income and other non-operating income, net
Equity income
Income before income taxes
Income tax expense
Net income
Net loss attributable to noncontrolling interests
Net income attributable to stockholders
Cumulative dividends on subsidiary preferred stock
Net income attributable to common stockholders

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Automotive net sales and revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. General Motors Co. automotive net sales and revenue increased from 2021 to 2022 and from 2022 to 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. General Motors Co. operating income increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. General Motors Co. income before income taxes decreased from 2021 to 2022 and from 2022 to 2023.
Net income attributable to stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. General Motors Co. net income attributable to stockholders decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.