Stock Analysis on Net
Stock Analysis on Net

General Motors Co. (NYSE:GM)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

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

Microsoft Excel
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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Accounts payable, principally trade 9.48 9.36 9.55 9.18 10.24 10.16 10.63 10.30 10.79 10.80 10.84 10.41 10.32 10.21 10.04 8.33 7.82 8.86 8.58 8.47 8.73 6.38 8.12
Automotive 0.15 0.58 0.77 0.77 0.33 0.33 0.14 0.16 0.14 0.16 0.16 0.74 0.17 0.26 0.29 0.19 0.20 0.37 0.48 0.54 0.95 1.14 0.70
GM Financial 12.51 12.66 11.97 13.33 12.17 13.14 12.87 14.11 13.58 13.13 13.70 13.94 13.29 12.48 12.84 13.59 14.40 13.77 14.23 15.15 13.98 15.71 17.57
Short-term debt and current portion of long-term debt 12.66% 13.24% 12.74% 14.09% 12.50% 13.46% 13.01% 14.27% 13.72% 13.29% 13.86% 14.69% 13.47% 12.74% 13.14% 13.78% 14.60% 14.14% 14.71% 15.69% 14.93% 16.85% 18.27%
Accrued liabilities 10.24 9.82 9.88 11.14 10.26 10.07 9.55 10.02 9.86 9.52 9.08 9.43 9.22 8.36 8.46 8.29 7.75 7.94 8.73 9.81 9.98 9.57 10.62
Current liabilities 32.38% 32.42% 32.17% 34.41% 33.00% 33.70% 33.18% 34.59% 34.37% 33.61% 33.78% 34.53% 33.01% 31.32% 31.63% 30.41% 30.16% 30.94% 32.01% 33.98% 33.63% 32.80% 37.02%
Automotive 5.44 5.36 4.78 4.76 5.37 5.45 5.77 5.85 5.67 5.79 5.97 6.02 7.04 6.36 6.42 6.68 6.86 6.79 6.88 6.88 11.05 13.56 11.59
GM Financial 27.88 28.30 29.52 27.51 26.32 25.77 25.42 24.46 22.81 23.71 23.03 22.74 22.72 24.44 24.10 24.23 24.21 24.93 25.07 24.15 23.08 23.13 21.43
Long-term debt, excluding current portion 33.32% 33.66% 34.29% 32.28% 31.69% 31.22% 31.19% 30.31% 28.48% 29.50% 28.99% 28.75% 29.76% 30.80% 30.53% 30.92% 31.08% 31.72% 31.95% 31.03% 34.13% 36.69% 33.02%
Postretirement benefits other than pensions 1.37 1.38 1.41 1.43 1.46 1.50 1.55 1.59 1.45 1.50 1.56 1.59 2.12 2.22 2.28 2.35 2.56 2.56 2.62 2.67 2.40 2.46 2.34
Pensions 2.08 2.10 2.04 2.07 2.07 2.18 2.31 2.45 1.96 2.06 2.13 2.16 2.66 2.90 3.09 3.27 4.54 4.78 5.06 5.49 4.63 4.74 4.66
Other liabilities 7.12 6.78 6.54 6.38 6.13 5.98 6.25 6.05 5.79 5.78 5.74 5.59 5.68 5.79 5.81 6.16 6.38 6.06 5.52 5.72 5.18 5.01 4.99
Non-current liabilities 43.89% 43.93% 44.29% 42.15% 41.36% 40.89% 41.29% 40.40% 37.68% 38.84% 38.42% 38.09% 40.21% 41.71% 41.70% 42.70% 44.55% 45.13% 45.15% 44.90% 46.34% 48.89% 45.01%
Total liabilities 76.26% 76.34% 76.45% 76.55% 74.36% 74.59% 74.47% 74.98% 72.05% 72.46% 72.20% 72.62% 73.22% 73.03% 73.33% 73.11% 74.71% 76.06% 77.16% 78.88% 79.97% 81.69% 82.03%
Noncontrolling interest, Cruise stock incentive awards 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.04 0.11 0.10 0.10 0.14 0.09 0.05 0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Additional paid-in capital 7.04 7.12 7.21 7.45 6.69 6.93 7.00 7.01 9.25 9.45 9.86 10.01 10.23 10.75 10.74 11.06 11.29 11.10 11.19 11.29 10.91 10.98 10.55
Retained earnings 19.73 19.58 19.55 19.11 21.45 21.14 20.86 20.28 19.99 19.40 19.22 18.65 18.39 17.97 17.45 17.14 16.86 15.64 14.68 13.59 12.16 10.57 10.50
Accumulated other comprehensive loss -3.75 -3.78 -3.94 -4.02 -3.62 -3.81 -3.78 -3.75 -2.81 -2.88 -2.91 -2.99 -3.57 -3.50 -3.50 -3.79 -5.45 -5.37 -5.59 -5.73 -4.99 -5.01 -4.78
Stockholders’ equity 23.03% 22.93% 22.82% 22.54% 24.52% 24.26% 24.08% 23.54% 26.44% 25.98% 26.17% 25.68% 25.05% 25.23% 24.69% 24.41% 22.70% 21.37% 20.28% 19.15% 18.08% 16.55% 16.26%
Noncontrolling interests 0.70 0.72 0.73 0.90 1.12 1.15 1.38 1.43 1.39 1.46 1.53 1.57 1.64 1.70 1.86 2.48 2.59 2.57 2.56 1.98 1.95 1.76 1.70
Total equity 23.74% 23.66% 23.55% 23.45% 25.64% 25.41% 25.46% 24.97% 27.83% 27.44% 27.70% 27.24% 26.69% 26.93% 26.55% 26.89% 25.29% 23.94% 22.84% 21.12% 20.03% 18.31% 17.97%
Total liabilities and equity 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: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Accounts payable, principally trade
The proportion remained relatively stable from early 2020, fluctuating between about 6% to 8.5% initially, then increasing steadily from 2021 into 2023, peaking around 10.8%. A modest decline followed, settling near 9.4% by late 2025.
Automotive liabilities
This category showed a declining trend in early periods, dropping sharply from above 1% in mid-2020 to under 0.2% in most quarters of 2021. It remained quite low through 2023 but experienced slight increases intermittently, followed by another decrease to near 0.15% by late 2025.
GM Financial liabilities
GM Financial's share of total liabilities and equity generally decreased from nearly 18% in early 2020 to a trough near 12% in the 2022-2023 period. Afterwards, it exhibited some fluctuations around 12%-14%, with a declining tendency into mid-2025, ending near 12.5%.
Short-term debt and current portion of long-term debt
The percentage decreased notably from 18.3% in early 2020 to about 13%-14% by mid-2023, with some minor fluctuations. There was a slight upward movement in late 2023 and into 2024, but the ratio fell again to approximately 12.7% by late 2025.
Accrued liabilities
This item declined from over 10.6% in early 2020 to a low near 7.7% in mid-2021, then increased gradually throughout 2022 and 2023, remaining close to 10% in subsequent quarters. It showed a peak around 11.1% by early 2025 before stabilizing slightly below 10.3% towards late 2025.
Current liabilities
Current liabilities as a proportion of total liabilities and equity decreased from roughly 37% in early 2020 to about 30%-32% during 2021, followed by a gradual increase back to approximately 34%-35% over 2022 and 2023. This level held steady through 2024 before a slight reduction occurred by mid-2025.
Automotive current liabilities
The trend declined over the entire period, falling from nearly 13.6% in mid-2020 to around 5.4% by late 2025, indicating a significant steady reduction in automotive-related current liabilities.
GM Financial current liabilities
The data reveals a rising trend from about 21.4% in early 2020 to a peak near 29.5% by mid-2025, showing an increasing share of current liabilities attributable to GM Financial over the period.
Long-term debt, excluding current portion
This liability category increased slightly from about 33% in early 2020 to over 34% in mid-2025, with some fluctuations. There was a gradual decline from 2020 to 2022, followed by a recovery trend through 2024 and 2025.
Postretirement benefits other than pensions
The proportion decreased steadily from 2.34% in early 2020 to about 1.37% by late 2025, indicating a consistent reduction in this long-term liability item.
Pensions
Pension liabilities declined significantly from 4.66% in early 2020 to approximately 2.07% by late 2024 and maintained that level through 2025. This reflects a notable downward adjustment over the analyzed timeframe.
Other liabilities
Other liabilities increased from about 5% in early 2020 to above 7% by late 2025, showing a steady upward trend with incremental growth throughout the period.
Non-current liabilities
Non-current liabilities displayed a decreasing trend from nearly 49% in mid-2020 down to around 38% in early 2023. Following this, they gradually increased with some fluctuations, reaching approximately 44% by mid-2025.
Total liabilities
Total liabilities fell from roughly 82% in early 2020 to about 72% by early 2023, followed by an increase back to approximately 76% in mid-2025, reflecting a cyclical movement in overall indebtedness relative to equity.
Noncontrolling interest, Cruise stock incentive awards
This component appears only from early 2022 onward, remaining minimal between 0.04% and 0.14%, indicating a small, relatively stable minority interest associated with stock incentives.
Common stock, $0.01 par value
The proportion is negligible and disappears entirely from 2023 onward, suggesting minor impact on the capital structure.
Additional paid-in capital
This equity component slightly decreased from around 11% in early 2020 to roughly 7% by late 2024, with a sharp drop noted in 2023 that partially reversed but remained at a lower level compared to the beginning of the period.
Retained earnings
Retained earnings showed a clear increasing trend, rising consistently from approximately 10.5% in early 2020 to peaks near 21.5% in late 2024. There was a minor decline around early 2025 but levels remained elevated compared to the start.
Accumulated other comprehensive loss
The accumulated loss gradually improved from a high negative near -5.7% to a smaller negative range around -1.37% by late 2025, reflecting reduced cumulative losses in comprehensive income.
Stockholders’ equity
Stockholders’ equity increased from around 16.3% in early 2020 to a peak near 26.4% in late 2022, followed by a decrease to approximately 23% by mid-2025, showing some erosion after reaching recent highs.
Noncontrolling interests
Noncontrolling interests decreased steadily from around 1.7% in early 2020 to below 1% by mid-2025, suggesting diminishing minority ownership interests over time.
Total equity
Total equity rose from approximately 18% in early 2020, reaching a high near 27.8% by late 2022, and then declined back to roughly 23.7% by late 2025, mirroring the trend seen in stockholders’ equity.
Total liabilities and equity
Remained constant at 100% across all periods, confirming the expected balance between liabilities and equity.