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General Motors Co. (NYSE:GM)

Common-Size Balance Sheet: Assets
Quarterly Data

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

Microsoft Excel
Sep 30, 2026 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 8.02 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 1.59 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 5.93 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 16.06 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 5.41 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 3.05 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 40.07% 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 15.55 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 1.86 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 18.95 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 1.48 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 11.15 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 7.66 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 3.28 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 59.93% 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% 100.00%

Based on: 10-Q (reporting date: 2026-09-30), 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 composition of the balance sheet reveals a strategic shift toward higher liquidity and a redistribution of non-current assets over the observed period. Total current assets increased from 34.43% in March 2021 to 40.07% by September 2026, indicating a growing proportion of short-term resources relative to the total asset base.

Current Asset Composition and Liquidity
The expansion of current assets is primarily driven by a significant increase in GM Financial receivables, which rose from 10.31% to 16.06% of total assets. Cash and cash equivalents remained relatively volatile, fluctuating between a high of 9.48% and a low of 6.38%, though they stabilized around 8% toward the end of the period. Inventories showed a moderate increase initially, peaking at 6.65% in March 2023, before gradually declining to 5.41% by September 2026.
Non-Current Asset Trends
Non-current assets experienced a overall contraction, declining from 65.57% in March 2021 to 59.93% by September 2026. A notable reduction is observed in equipment on operating leases, which dropped from 16.92% to 11.15%, suggesting a shift in the leasing strategy or a depreciation of leased assets. Conversely, net property assets trended upward, increasing from 15.85% to 18.95%, indicating increased investment in fixed infrastructure.
Financial Receivables and Strategic Shifts
GM Financial receivables, across both current and non-current categories, represent a growing share of the balance sheet. The combined weight of these receivables increased substantially, reflecting a heightened reliance on financing activities as a core component of the asset structure. Simultaneously, equity in nonconsolidated affiliates saw a steady decline from 3.77% to 1.86%, suggesting a reduction in strategic stakes or a devaluation of these holdings.
Other Asset Adjustments
Deferred income taxes showed a general downward trend, moving from 9.68% in March 2021 to 7.66% in September 2026. Goodwill and intangible assets remained relatively stable but trended slightly downward from 2.17% to 1.48%, indicating minimal new acquisitions of intangible value and a steady amortization process.

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