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
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 9.55 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 0.77 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 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 12.74% 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 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 32.17% 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 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 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 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 1.41 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 2.04 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 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 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 76.45% 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 0.06 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 0.01 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 7.21 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 19.55 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 -3.94 -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 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 0.73 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 23.55% 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%

Based on: 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
This liability item shows an initial decline from 8.12% to 6.38% by mid-2020, followed by a generally increasing trend through 2021, peaking near 10.84% in early 2023. Since then, it fluctuates moderately, maintaining a level around 9.5% in early 2025, indicating a somewhat stable proportion of trade payables to total liabilities and equity over recent periods.
Automotive Segment (Liabilities)
The automotive-related liabilities as a percent of total liabilities and equity display significant volatility. It decreased sharply during 2020, dropped to very low levels by late 2021 and remained below 1% until early 2023. In the most recent quarters, a moderate increase occurred, reaching 0.77% by early 2025, reflecting a relatively minimal yet slightly rising automotive liability component.
GM Financial
GM Financial liabilities steadily decline from 17.57% in early 2020 to approximately 11.97% by early 2025. This suggests a gradual reduction in financial liabilities proportion relative to total liabilities and equity over the observed timeframe, with minor fluctuations along the way.
Short-Term Debt and Current Portion of Long-Term Debt
This category decreased from 18.27% in March 2020 to about 12.74% in March 2025, with slight variability including intermittent moderate increases notably in late 2022 and early 2024. The overall trend indicates a slow but steady reduction in short-term debt load relative to the company's financial structure.
Accrued Liabilities
Accrued liabilities feature a decreasing trend from 10.62% in early 2020 down to lows near 7.75% by late 2021, followed by a gradual recovery to 9.88% by March 2025. Over time, this points to a reduction and partial resurgence in accrued expenses as a component of total liabilities and equity.
Current Liabilities
Current liabilities shrank significantly from over 37% in early 2020 to just above 30% by late 2021, after which it fluctuated modestly between 32% and 34% for subsequent quarters. The figures indicate stabilization after an earlier decline in current liabilities proportional to total liabilities and equity.
Automotive Segment (Current Liabilities)
As a subset of current liabilities, the automotive portion saw a rather steep decline from nearly 12% in March 2020 to under 5% by March 2025, signaling a sustained reduction in automotive-related current liabilities over the period.
GM Financial (Current Liabilities)
This path features relative stability with a slight upward trend overall. Starting near 21.43% in early 2020, it rises steadily to 29.52% by March 2025, reinforcing an increasing reliance on GM Financial as a component of current liabilities.
Long-Term Debt, Excluding Current Portion
Long-term debt remained fairly stable within a range of approximately 33%-37% of total liabilities and equity. After peaking at almost 37% in mid-2020, the ratio decreased to a near 28.48% low by late 2022 before rising again to 34.29% in early 2025, indicating a broadly stable long-term debt proportion with minor fluctuations.
Postretirement Benefits Other Than Pensions
This liability consistently declined from 2.34% in early 2020 to about 1.41% by early 2025, reflecting a reduction in these obligations relative to the company’s financial structure over time.
Pensions
Pension liabilities exhibited a downward trend from 4.66% in early 2020 to 2.04% by early 2025. This indicates a significant decrease in pension-related liabilities as a share of total liabilities and equity.
Other Liabilities
Other liabilities remained relatively steady between about 5% and 6.5%, trending slightly upward toward the end of the period, ending at 6.54% in early 2025, suggesting a stable but gradually growing component in this category.
Non-Current Liabilities
Non-current liabilities as a percentage of total liabilities and equity declined from nearly 45% in early 2020 to below 38% by late 2022, but subsequently recovered to 44.29% by early 2025. This pattern indicates an initial reduction followed by a return to prior levels in long-term obligations.
Total Liabilities
Total liabilities gradually decreased from about 82% in early 2020 to a low near 72% by late 2022, then climbed again to approximately 76% by early 2025, indicating an overall retention of a majority liability position with moderate fluctuations over time.
Noncontrolling Interest related to Cruise Stock Incentive Awards
This item appeared near late 2021 with minor values below 0.15%, fluctuating modestly and showing a decreasing tendency closer to early 2024, which suggests a small and variable equity interest from external stakeholder incentives.
Common Stock, $0.01 Par Value
This remains negligible or zero throughout the observed periods, indicating it does not materially impact the capital structure.
Additional Paid-in Capital
This equity component showed a slight decline from approximately 11% in early 2020 to a low of around 6.69% by late 2024, with minor recovery afterward to 7.21% in early 2025. The trend points to a marginal decrease in contributed capital relative to total liabilities and equity.
Retained Earnings
Retained earnings increased steadily from about 10.5% in early 2020 to a peak near 21.45% by late 2024 before a notable drop to around 19.55% in early 2025. This indicates accumulation of earnings until recently, followed by a slight contraction.
Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss narrowed from near -4.78% in early 2020 to a low near -2.81% by late 2022, then widened again close to -4% by early 2025. This reflects variability in unrealized losses impacting equity over time.
Stockholders' Equity
Equity proportion grew from about 16.26% in early 2020 to a high of 26.44% in late 2023 before declining to around 22.82% by early 2025. This implies that equity financing gained relative importance until the latter part of the timeline when a pullback occurred.
Noncontrolling Interests
Noncontrolling interests decreased consistently from 1.7% in early 2020 to 0.73% by early 2025, showing diminished external equity stakes over the period.
Total Equity
Total equity rose from approximately 18% in early 2020 to near 27.7% by late 2022 and early 2023, then retraced to about 23.55% in early 2025. This trend highlights growth in overall equity followed by a modest retraction in recent quarters.
Total Liabilities and Equity
This metric is consistently maintained at 100%, confirming the proportional format of the data.