Analysis of Reportable Segments
General Motors Co. operates in 4 segments: GM North America (GMNA); GM International (GMI); Cruise; and GM Financial.
Segment Profit Margin
General Motors Co., profit margin by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| GM North America (GMNA) | 9.22% | 8.70% | 10.12% | 10.18% | 9.38% |
| GM International (GMI) | 2.18% | 7.59% | 7.41% | 6.79% | -4.56% |
| Cruise | -661.87% | -2,642.16% | -1,852.94% | -1,128.30% | -861.17% |
| GM Financial | 18.68% | 20.98% | 31.93% | 37.53% | 19.54% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | GM North America (GMNA) | GM North America (GMNA) segment profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| GM International (GMI) | GM International (GMI) segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. | |
| Cruise | Cruise segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. | |
| GM Financial | GM Financial segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: GM North America (GMNA)
General Motors Co.; GM North America (GMNA); segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings (loss) before interest and taxes, adjusted | 14,528) | 12,306) | 12,988) | 10,318) | 9,071) |
| Net sales and revenue | 157,509) | 141,445) | 128,378) | 101,308) | 96,733) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 9.22% | 8.70% | 10.12% | 10.18% | 9.38% |
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).
1 2024 Calculation
Segment profit margin = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Net sales and revenue
= 100 × 14,528 ÷ 157,509 = 9.22%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | GM North America (GMNA) | GM North America (GMNA) segment profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Profit Margin: GM International (GMI)
General Motors Co.; GM International (GMI); segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings (loss) before interest and taxes, adjusted | 303) | 1,210) | 1,143) | 827) | (528) |
| Net sales and revenue | 13,890) | 15,949) | 15,420) | 12,172) | 11,586) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 2.18% | 7.59% | 7.41% | 6.79% | -4.56% |
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).
1 2024 Calculation
Segment profit margin = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Net sales and revenue
= 100 × 303 ÷ 13,890 = 2.18%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | GM International (GMI) | GM International (GMI) segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment Profit Margin: Cruise
General Motors Co.; Cruise; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings (loss) before interest and taxes, adjusted | (1,701) | (2,695) | (1,890) | (1,196) | (887) |
| Net sales and revenue | 257) | 102) | 102) | 106) | 103) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -661.87% | -2,642.16% | -1,852.94% | -1,128.30% | -861.17% |
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).
1 2024 Calculation
Segment profit margin = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Net sales and revenue
= 100 × -1,701 ÷ 257 = -661.87%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Cruise | Cruise segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Segment Profit Margin: GM Financial
General Motors Co.; GM Financial; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings (loss) before interest and taxes, adjusted | 2,965) | 2,985) | 4,076) | 5,036) | 2,702) |
| Net sales and revenue | 15,875) | 14,225) | 12,766) | 13,419) | 13,831) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 18.68% | 20.98% | 31.93% | 37.53% | 19.54% |
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).
1 2024 Calculation
Segment profit margin = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Net sales and revenue
= 100 × 2,965 ÷ 15,875 = 18.68%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | GM Financial | GM Financial segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Return on Assets (Segment ROA)
General Motors Co., ROA by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| GM North America (GMNA) | 8.76% | 7.89% | 8.26% | 8.48% | 7.95% |
| GM International (GMI) | 1.39% | 4.61% | 4.61% | 3.62% | -2.29% |
| Cruise | -57.70% | -59.17% | -34.30% | -26.64% | -24.47% |
| GM Financial | 2.13% | 2.28% | 3.35% | 4.45% | 2.38% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | GM North America (GMNA) | GM North America (GMNA) segment ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| GM International (GMI) | GM International (GMI) segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. | |
| Cruise | Cruise segment ROA deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| GM Financial | GM Financial segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: GM North America (GMNA)
General Motors Co.; GM North America (GMNA); segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings (loss) before interest and taxes, adjusted | 14,528) | 12,306) | 12,988) | 10,318) | 9,071) |
| Total assets | 165,905) | 155,908) | 157,250) | 121,735) | 114,137) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 8.76% | 7.89% | 8.26% | 8.48% | 7.95% |
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).
1 2024 Calculation
Segment ROA = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Total assets
= 100 × 14,528 ÷ 165,905 = 8.76%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | GM North America (GMNA) | GM North America (GMNA) segment ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Segment ROA: GM International (GMI)
General Motors Co.; GM International (GMI); segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings (loss) before interest and taxes, adjusted | 303) | 1,210) | 1,143) | 827) | (528) |
| Total assets | 21,769) | 26,225) | 24,808) | 22,876) | 23,019) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 1.39% | 4.61% | 4.61% | 3.62% | -2.29% |
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).
1 2024 Calculation
Segment ROA = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Total assets
= 100 × 303 ÷ 21,769 = 1.39%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | GM International (GMI) | GM International (GMI) segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment ROA: Cruise
General Motors Co.; Cruise; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings (loss) before interest and taxes, adjusted | (1,701) | (2,695) | (1,890) | (1,196) | (887) |
| Total assets | 2,948) | 4,555) | 5,510) | 4,489) | 3,625) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | -57.70% | -59.17% | -34.30% | -26.64% | -24.47% |
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).
1 2024 Calculation
Segment ROA = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Total assets
= 100 × -1,701 ÷ 2,948 = -57.70%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Cruise | Cruise segment ROA deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment ROA: GM Financial
General Motors Co.; GM Financial; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings (loss) before interest and taxes, adjusted | 2,965) | 2,985) | 4,076) | 5,036) | 2,702) |
| Total assets | 139,156) | 130,780) | 121,544) | 113,207) | 113,410) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 2.13% | 2.28% | 3.35% | 4.45% | 2.38% |
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).
1 2024 Calculation
Segment ROA = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Total assets
= 100 × 2,965 ÷ 139,156 = 2.13%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | GM Financial | GM Financial segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover
General Motors Co., asset turnover by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| GM North America (GMNA) | 0.95 | 0.91 | 0.82 | 0.83 | 0.85 |
| GM International (GMI) | 0.64 | 0.61 | 0.62 | 0.53 | 0.50 |
| Cruise | 0.09 | 0.02 | 0.02 | 0.02 | 0.03 |
| GM Financial | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | GM North America (GMNA) | GM North America (GMNA) segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
| GM International (GMI) | GM International (GMI) segment asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. | |
| Cruise | Cruise segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| GM Financial | GM Financial segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: GM North America (GMNA)
General Motors Co.; GM North America (GMNA); segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales and revenue | 157,509) | 141,445) | 128,378) | 101,308) | 96,733) |
| Total assets | 165,905) | 155,908) | 157,250) | 121,735) | 114,137) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.95 | 0.91 | 0.82 | 0.83 | 0.85 |
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).
1 2024 Calculation
Segment asset turnover = Net sales and revenue ÷ Total assets
= 157,509 ÷ 165,905 = 0.95
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | GM North America (GMNA) | GM North America (GMNA) segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: GM International (GMI)
General Motors Co.; GM International (GMI); segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales and revenue | 13,890) | 15,949) | 15,420) | 12,172) | 11,586) |
| Total assets | 21,769) | 26,225) | 24,808) | 22,876) | 23,019) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.64 | 0.61 | 0.62 | 0.53 | 0.50 |
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).
1 2024 Calculation
Segment asset turnover = Net sales and revenue ÷ Total assets
= 13,890 ÷ 21,769 = 0.64
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | GM International (GMI) | GM International (GMI) segment asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Segment Asset Turnover: Cruise
General Motors Co.; Cruise; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales and revenue | 257) | 102) | 102) | 106) | 103) |
| Total assets | 2,948) | 4,555) | 5,510) | 4,489) | 3,625) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.09 | 0.02 | 0.02 | 0.02 | 0.03 |
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).
1 2024 Calculation
Segment asset turnover = Net sales and revenue ÷ Total assets
= 257 ÷ 2,948 = 0.09
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Cruise | Cruise segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: GM Financial
General Motors Co.; GM Financial; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales and revenue | 15,875) | 14,225) | 12,766) | 13,419) | 13,831) |
| Total assets | 139,156) | 130,780) | 121,544) | 113,207) | 113,410) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 |
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).
1 2024 Calculation
Segment asset turnover = Net sales and revenue ÷ Total assets
= 15,875 ÷ 139,156 = 0.11
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | GM Financial | GM Financial segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation
General Motors Co., capital expenditures to depreciation by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| GM North America (GMNA) | 1.72 | 1.65 | 1.43 | 1.24 | 0.95 |
| GM International (GMI) | 0.82 | 0.89 | 1.38 | 1.44 | 1.17 |
| Cruise | 0.28 | 1.66 | 3.72 | 1.71 | 0.35 |
| GM Financial | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | GM North America (GMNA) | GM North America (GMNA) segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
| GM International (GMI) | GM International (GMI) segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Cruise | Cruise segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| GM Financial | GM Financial segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: GM North America (GMNA)
General Motors Co.; GM North America (GMNA); segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Expenditures for property | 10,266) | 10,147) | 8,280) | 6,576) | 4,501) |
| Depreciation and amortization | 5,963) | 6,146) | 5,800) | 5,298) | 4,739) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.72 | 1.65 | 1.43 | 1.24 | 0.95 |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Expenditures for property ÷ Depreciation and amortization
= 10,266 ÷ 5,963 = 1.72
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | GM North America (GMNA) | GM North America (GMNA) segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: GM International (GMI)
General Motors Co.; GM International (GMI); segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Expenditures for property | 415) | 522) | 706) | 783) | 729) |
| Depreciation and amortization | 506) | 589) | 513) | 542) | 624) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.82 | 0.89 | 1.38 | 1.44 | 1.17 |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Expenditures for property ÷ Depreciation and amortization
= 415 ÷ 506 = 0.82
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | GM International (GMI) | GM International (GMI) segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Cruise
General Motors Co.; Cruise; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Expenditures for property | 7) | 63) | 197) | 89) | 15) |
| Depreciation and amortization | 25) | 38) | 53) | 52) | 43) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.28 | 1.66 | 3.72 | 1.71 | 0.35 |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Expenditures for property ÷ Depreciation and amortization
= 7 ÷ 25 = 0.28
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Cruise | Cruise segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: GM Financial
General Motors Co.; GM Financial; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Expenditures for property | 24) | 24) | 44) | 26) | 34) |
| Depreciation and amortization | 4,883) | 4,944) | 4,888) | 6,134) | 7,245) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Expenditures for property ÷ Depreciation and amortization
= 24 ÷ 4,883 = 0.00
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | GM Financial | GM Financial segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Net sales and revenue
General Motors Co., net sales and revenue by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| GM North America (GMNA) | 157,509) | 141,445) | 128,378) | 101,308) | 96,733) |
| GM International (GMI) | 13,890) | 15,949) | 15,420) | 12,172) | 11,586) |
| Corporate | 206) | 273) | 176) | 104) | 350) |
| Automotive | 171,605) | 157,667) | 143,974) | 113,584) | 108,669) |
| Cruise | 257) | 102) | 102) | 106) | 103) |
| GM Financial | 15,875) | 14,225) | 12,766) | 13,419) | 13,831) |
| Eliminations/Reclassifications | (295) | (152) | (107) | (105) | (118) |
| Total | 187,442) | 171,842) | 156,735) | 127,004) | 122,485) |
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).
Earnings (loss) before interest and taxes, adjusted
General Motors Co., earnings (loss) before interest and taxes, adjusted by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| GM North America (GMNA) | 14,528) | 12,306) | 12,988) | 10,318) | 9,071) |
| GM International (GMI) | 303) | 1,210) | 1,143) | 827) | (528) |
| Corporate | (1,128) | (1,413) | (1,845) | (680) | (634) |
| Automotive | 13,703) | 12,103) | 12,286) | 10,465) | 7,909) |
| Cruise | (1,701) | (2,695) | (1,890) | (1,196) | (887) |
| GM Financial | 2,965) | 2,985) | 4,076) | 5,036) | 2,702) |
| Eliminations/Reclassifications | (33) | (36) | 2) | (10) | (14) |
| Total | 14,934) | 12,357) | 14,474) | 14,295) | 9,710) |
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).
Total assets
General Motors Co., total assets by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| GM North America (GMNA) | 165,905) | 155,908) | 157,250) | 121,735) | 114,137) |
| GM International (GMI) | 21,769) | 26,225) | 24,808) | 22,876) | 23,019) |
| Corporate | 38,817) | 41,271) | 60,518) | 40,492) | 39,933) |
| Eliminations | (85,117) | (82,858) | (104,157) | (56,936) | (57,464) |
| Automotive | 141,374) | 140,546) | 138,419) | 128,167) | 119,625) |
| Cruise | 2,948) | 4,555) | 5,510) | 4,489) | 3,625) |
| GM Financial | 139,156) | 130,780) | 121,544) | 113,207) | 113,410) |
| Eliminations/Reclassifications | (3,717) | (2,817) | (1,436) | (1,145) | (1,466) |
| Total | 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).
Expenditures for property
General Motors Co., expenditures for property by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| GM North America (GMNA) | 10,266) | 10,147) | 8,280) | 6,576) | 4,501) |
| GM International (GMI) | 415) | 522) | 706) | 783) | 729) |
| Corporate | 30) | 15) | 21) | 30) | 21) |
| Automotive | 10,711) | 10,684) | 9,007) | 7,389) | 5,251) |
| Cruise | 7) | 63) | 197) | 89) | 15) |
| GM Financial | 24) | 24) | 44) | 26) | 34) |
| Eliminations/Reclassifications | 88) | 199) | (10) | 5) | —) |
| Total | 10,830) | 10,970) | 9,238) | 7,509) | 5,300) |
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).
Depreciation and amortization
General Motors Co., depreciation and amortization by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| GM North America (GMNA) | 5,963) | 6,146) | 5,800) | 5,298) | 4,739) |
| GM International (GMI) | 506) | 589) | 513) | 542) | 624) |
| Corporate | 80) | 21) | 22) | 21) | 25) |
| Eliminations | (1) | (1) | —) | —) | —) |
| Automotive | 6,548) | 6,755) | 6,335) | 5,861) | 5,388) |
| Cruise | 25) | 38) | 53) | 52) | 43) |
| GM Financial | 4,883) | 4,944) | 4,888) | 6,134) | 7,245) |
| Total | 11,456) | 11,737) | 11,276) | 12,047) | 12,676) |
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).