Stock Analysis on Net
Stock Analysis on Net

General Motors Co. (NYSE:GM)

Common-Size Income Statement

General Motors Co., common-size consolidated income statement

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 100.00 100.00 100.00 100.00 100.00
Automotive and other cost of sales -89.64 -88.13 -88.51 -89.75 -90.18
Automotive and other gross margin 10.36% 11.87% 11.49% 10.25% 9.82%
GM Financial net sales and revenue 9.00 8.86 11.81 12.71 11.85
GM Financial interest, operating and other expenses -7.21 -6.16 -7.56 -10.37 -10.28
Automotive and other selling, general and administrative expense -6.24 -7.41 -7.53 -6.48 -6.92
Operating income 5.90% 7.16% 8.21% 6.10% 4.47%
Automotive interest expense -0.58 -0.69 -0.84 -1.01 -0.64
Non-service pension and OPEB income 0.12 1.05 1.68 1.01 0.65
Interest income 0.70 0.32 0.13 0.22 0.35
Licensing agreements income 0.11 0.17 0.17 0.19 0.13
Revaluation of investments -0.05 -0.16 0.50 0.24 0.07
Other 0.09 -0.38 0.19 0.07 0.00
Interest income and other non-operating income, net 0.97% 0.99% 2.68% 1.73% 1.20%
Equity income 0.30 0.58 1.15 0.62 1.03
Income before income taxes 6.60% 8.05% 11.19% 7.45% 6.06%
Income tax expense -0.36 -1.31 -2.44 -1.63 -0.63
Net income 6.24% 6.74% 8.76% 5.82% 5.43%
Net loss attributable to noncontrolling interests 0.18 0.16 0.07 0.10 0.05
Net income attributable to stockholders 6.42% 6.90% 8.82% 5.91% 5.49%
Cumulative dividends on subsidiary preferred stock -0.07 -0.71 -0.16 -0.17 -0.12
Net income attributable to common stockholders 6.36% 6.19% 8.66% 5.75% 5.36%

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
Operating income The net result for the period of deducting operating expenses from operating revenues. General Motors Co. operating income as a percentage of automotive net sales and revenue decreased from 2021 to 2022 and 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 as a percentage of automotive net sales and revenue 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 as a percentage of automotive net sales and revenue decreased from 2021 to 2022 and from 2022 to 2023.