Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

General Motors Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Accounts payable, principally trade	25,680)	28,114)	27,486)	20,391)	19,928)
Automotive	2,141)	428)	1,959)	463)	1,276)
GM Financial	37,291)	38,540)	36,819)	33,257)	35,637)
Short-term debt and current portion of long-term debt	39,432)	38,968)	38,778)	33,720)	36,913)
Dealer and customer allowances, claims and discounts	7,270)	6,065)	4,813)	3,211)	7,300)
Deferred revenue	3,371)	2,802)	2,489)	2,461)	3,132)
Product warranty and related liabilities	4,555)	3,285)	3,042)	3,769)	3,048)
Payrolls and employee benefits excluding postemployment benefits	3,221)	3,099)	3,298)	2,937)	1,864)
Other	12,736)	12,112)	11,267)	7,919)	7,725)
Accrued liabilities	31,153)	27,363)	24,909)	20,297)	23,069)
Current liabilities	96,265)	94,445)	91,173)	74,408)	79,910)
Automotive	13,327)	15,985)	15,885)	16,355)	16,193)
GM Financial	76,973)	66,788)	60,036)	59,304)	56,788)
Long-term debt, excluding current portion	90,300)	82,773)	75,921)	75,659)	72,981)
Postretirement benefits other than pensions	3,990)	4,345)	4,193)	5,743)	6,277)
Pensions	5,779)	6,680)	5,698)	8,008)	12,902)
Deferred revenue	5,940)	5,019)	3,552)	3,010)	2,715)
Product warranty and related liabilities	6,016)	6,011)	5,488)	6,005)	5,193)
Non-current operating lease liabilities	961)	907)	967)	1,012)	969)
Employee benefits excluding postemployment benefits	501)	518)	512)	622)	822)
Postemployment benefits including facility idling reserves	154)	151)	507)	775)	739)
Other	4,265)	3,908)	3,741)	3,661)	3,009)
Other liabilities	17,837)	16,514)	14,767)	15,085)	13,447)
Non-current liabilities	117,906)	110,312)	100,579)	104,495)	105,607)
Total liabilities	214,171)	204,757)	191,752)	178,903)	185,517)
Noncontrolling interest, Cruise stock incentive awards	—)	118)	358)	—)	—)
Common stock, $0.01 par value	10)	12)	14)	15)	14)
Additional paid-in capital	20,843)	19,130)	26,428)	27,061)	26,542)
Retained earnings	53,472)	55,391)	49,251)	41,937)	31,962)
Accumulated other comprehensive loss	(11,253)	(10,247)	(7,901)	(9,269)	(13,488)
Stockholders’ equity	63,072)	64,286)	67,792)	59,744)	45,030)
Noncontrolling interests	2,518)	3,903)	4,135)	6,071)	4,647)
Total equity	65,590)	68,189)	71,927)	65,815)	49,677)
Total liabilities and equity	279,761)	273,064)	264,037)	244,718)	235,194)

Based on: 10-K (reporting date: 2024-12-31), 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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	General Motors Co. current liabilities increased from 2022 to 2023 and from 2023 to 2024.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	General Motors Co. non-current liabilities increased from 2022 to 2023 and from 2023 to 2024.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	General Motors Co. total liabilities increased from 2022 to 2023 and from 2023 to 2024.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	General Motors Co. stockholders’ equity decreased from 2022 to 2023 and from 2023 to 2024.

General Motors Co. (NYSE:GM)

Balance Sheet: Liabilities and Stockholders’ Equity