GM Financial Statements

GM Financial Statements provide an overview of company’s business profitability and financial condition. GM financial statements primarily comprise balance sheet, income statement, cash flow statement and statement of retained earnings. GM financial statements also depict income and expenses of the company for an accounting period.General Motors Corporation (GM) is one of the leading car manufacturers in the world. One of the other activities of General Motors Corporation is to sell off non-core assets like stakes in Fuji Heavy Industries and Fiat.

General Motors Corporation has been consistently showing a growth in revenue earnings. Total revenues of General Motors Corporation as on 31st December, 2006 was $207,349.0 million.

General Motors Corporation: Annual Balance Sheet ( a summary)

Cash in December, 2006: USD 24,261.0 million
Cash in December, 2005: USD 50,452.0 million

Total current assets in December 2006: USD 64,480.0 million
Total current assets in December,2005: USD 99,414.0 million

Total assets in December, 2006: USD186,192.0 million
Total assets in December, 2005: USD 476,078.0 million

Total Current liabilities in December, 2006: USD 69,036.0 million
Total Current liabilities in December, 2005: USD 113,973.0 million

Total liabilities in December, 2006: USD 191,633.0 million Total liabilities in December, 2005: USD 461,481.0 million

Accounts payable in December, 2006: USD 63,370.0 million
Accounts payable in December, 2005: USD 113,973.0 million

General Motors Corporation: Annual Income Statement ( a summary)

Revenue in December, 2006: USD 207,349 million
Revenue in December, 2005: USD 192,604 million
Gross profit in December, 2006: USD 42,667.0 million
Gross profit in December, 2005: USD 21,571.0 million

Operating income in December, 2006: USD 9,277.0 million
Operating income in December, 2005: USD (1,163.0) million

General Motors Corporation: Annual Cash Flow Statement (a summary)

Net investing cash flow in December, 2006: USD 19,695.0 million
Net investing cash flow in December, 2005: USD 8,565.0 million

Depreciation and amortization in December, 2006: USD 11,971.0 million
Depreciation and amortization in December, 2005: USD 15,769.0 million

 

 

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Last Updated on : 26th June 2013