Stock Analysis on Net
Stock Analysis on Net

General Motors Co. (NYSE:GM)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable, principally trade 10.30 10.41 8.33 8.47 9.22
Automotive 0.16 0.74 0.19 0.54 0.83
GM Financial 14.11 13.94 13.59 15.15 15.57
Short-term debt and current portion of long-term debt 14.27% 14.69% 13.78% 15.69% 16.40%
Dealer and customer allowances, claims and discounts 2.22 1.82 1.31 3.10 4.56
Deferred revenue 1.03 0.94 1.01 1.33 1.42
Product warranty and related liabilities 1.20 1.15 1.54 1.30 1.31
Payrolls and employee benefits excluding postemployment benefits 1.13 1.25 1.20 0.79 0.86
Other 4.44 4.27 3.24 3.28 3.46
Accrued liabilities 10.02% 9.43% 8.29% 9.81% 11.62%
Current liabilities 34.59% 34.53% 30.41% 33.98% 37.23%
Automotive 5.85 6.02 6.68 6.88 5.48
GM Financial 24.46 22.74 24.23 24.15 23.43
Long-term debt, excluding current portion 30.31% 28.75% 30.92% 31.03% 28.91%
Postretirement benefits other than pensions 1.59 1.59 2.35 2.67 2.60
Pensions 2.45 2.16 3.27 5.49 5.34
Deferred revenue 1.84 1.35 1.23 1.15 1.30
Product warranty and related liabilities 2.20 2.08 2.45 2.21 2.11
Non-current operating lease liabilities 0.33 0.37 0.41 0.41 0.44
Employee benefits excluding postemployment benefits 0.19 0.19 0.25 0.35 0.31
Postemployment benefits including facility idling reserves 0.06 0.19 0.32 0.31 0.28
Other 1.43 1.42 1.50 1.28 1.33
Other liabilities 6.05% 5.59% 6.16% 5.72% 5.76%
Non-current liabilities 40.40% 38.09% 42.70% 44.90% 42.61%
Total liabilities 74.98% 72.62% 73.11% 78.88% 79.85%
Noncontrolling interest, Cruise stock incentive awards 0.04 0.14 0.00 0.00 0.00
Common stock, $0.01 par value 0.00 0.01 0.01 0.01 0.01
Additional paid-in capital 7.01 10.01 11.06 11.29 11.43
Retained earnings 20.28 18.65 17.14 13.59 11.78
Accumulated other comprehensive loss -3.75 -2.99 -3.79 -5.73 -4.89
Stockholders’ equity 23.54% 25.68% 24.41% 19.15% 18.33%
Noncontrolling interests 1.43 1.57 2.48 1.98 1.83
Total equity 24.97% 27.24% 26.89% 21.12% 20.15%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00%

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).

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 as a percentage of total liabilities and equity increased from 2021 to 2022 and from 2022 to 2023.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. General Motors Co. non-current liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
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 as a percentage of total liabilities and equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
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 as a percentage of total liabilities and equity increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.