General Motors Co. (NYSE:GM)

The evaluation of the provided financial data reveals a consistent upward trend in both current assets and adjusted current assets over the five-year period.

Current Assets

The value of current assets increased steadily from 80,924 million US dollars at the end of 2020 to 108,545 million US dollars at the end of 2024. This represents significant growth over the period, with a noticeable acceleration in the increase between 2021 and 2022, followed by more moderate growth in subsequent years.

Adjusted Current Assets

Adjusted current assets mirrored the trend of current assets closely, starting at 81,148 million US dollars in 2020 and rising to 108,858 million US dollars by 2024. The adjustments appear to have a minimal impact on the overall asset valuations as the differences between reported and adjusted figures are marginal across all periods.

Overall, these trends indicate a strengthening liquidity position over time, with assets available for short-term obligations increasing each year. The alignment between current assets and adjusted current assets values suggests conservative adjustments, maintaining the reliability of the reported figures. The steady increase may reflect growing operational scale or improved asset management efficiency.

The data reveals a consistent upward trend in both total assets and adjusted total assets over the five-year period under review. Total assets increased steadily each year, beginning at 235,194 million US dollars at the end of 2020 and rising to 279,761 million US dollars by the end of 2024. This growth indicates an expansion in the overall asset base of the entity.

Similarly, adjusted total assets have shown a parallel rising pattern. From 211,282 million US dollars in 2020, these assets have increased each year, reaching 258,820 million US dollars in 2024. The difference between total assets and adjusted total assets remains consistent, suggesting a stable adjustment factor applied throughout the period.

Total Assets

2020: 235,194 million US dollars

2021: 244,718 million US dollars

2022: 264,037 million US dollars

2023: 273,064 million US dollars

2024: 279,761 million US dollars

Adjusted Total Assets

2020: 211,282 million US dollars

2021: 223,758 million US dollars

2022: 243,758 million US dollars

2023: 251,023 million US dollars

2024: 258,820 million US dollars

The growth trajectory in both asset measures suggests ongoing investments or acquisitions boosting the asset base. The adjusted total assets, which typically reflect operational assets or exclude certain intangible items, confirm that the core asset foundation is also expanding, though generally at a slightly lower magnitude compared to total assets.

Overall, the analysis points toward financial strengthening characterized by asset growth, which could potentially improve future operational capabilities or borrowing capacity depending on the financing structure. No anomalies or reversals are observed, indicating relatively stable asset management over the covered years.

The financial data over the five-year period reveals the following trends in the liabilities of the company:

Current Liabilities

There is an initial decline in current liabilities from 79,910 million US dollars at the end of 2020 to 74,408 million US dollars by the end of 2021. Following this decrease, a significant increase is observed in 2022, reaching 91,173 million US dollars. The upward trend continues in subsequent years, with current liabilities rising further to 94,445 million in 2023 and 96,265 million in 2024. This indicates a period of increasing short-term obligations after an initial reduction.

Adjusted Current Liabilities

The adjusted current liabilities show a similar pattern to the unadjusted figure but are consistently lower in value across the years. Beginning at 73,730 million US dollars in 2020, the amount decreases to 68,178 million in 2021. This is followed by a substantial rise to 85,642 million in 2022, with incremental increases in the following years reaching 88,358 million in 2023 and slightly declining to 88,339 million in 2024. The small decrease in the last year suggests a potential effort to manage or optimize short-term liabilities.

Overall, both current liabilities and adjusted current liabilities exhibit a U-shaped trend, with notable increases after 2021, indicating that the company has undergone periods of increased current obligations, possibly reflecting changes in operational scale, financing strategies, or market conditions. The adjustment applied results in consistently lower liabilities but follows the same broad trajectory over the five years.

The financial data reveals a consistent upward trend in both total liabilities and adjusted total liabilities over the five-year period.

Total liabilities

There is an overall increase from 185,517 million US dollars in 2020 to 214,171 million US dollars in 2024. After a slight decrease in 2021 (178,903 million US dollars), total liabilities resumed growth, rising each year through 2024. This indicates a gradual expansion in the company's overall obligations over the period, with the most significant annual increases occurring between 2022 and 2023.

Adjusted total liabilities

The adjusted total liabilities follow a similar pattern, starting at 170,422 million US dollars in 2020 and increasing to 192,411 million US dollars in 2024. The adjusted figure decreased slightly in 2021 but then steadily rose through 2024. The adjusted liabilities are consistently lower than the total liabilities, suggesting that some liabilities are excluded or adjusted for specific considerations.

Overall, the data indicates that the company has been gradually increasing its liabilities over the observed period. The rise in adjusted liabilities mirrors the total liabilities’ trend, reflecting increasing financial commitments while potentially accounting for more nuanced adjustments.

The analysis of the provided financial data indicates trends in stockholders' equity and adjusted total equity for the company over a five-year period from 2020 to 2024.

Stockholders’ equity trends

Stockholders’ equity increased steadily from US$ 45,030 million in 2020 to a peak of US$ 67,792 million in 2022. After reaching this peak, it experienced a decline to US$ 64,286 million in 2023 and further decreased slightly to US$ 63,072 million in 2024. This suggests initial growth followed by a modest contraction in equity values during the last two years of the period.

Adjusted total equity trends

Adjusted total equity showed a similar upward trajectory from US$ 40,860 million in 2020 to US$ 67,804 million in 2022, closely mirroring the trend in stockholders’ equity. Afterward, it decreased to US$ 64,849 million in 2023 but rebounded somewhat to US$ 66,409 million in 2024. This pattern indicates a strong recovery after the dip in 2023, ending the period higher than the preceding year.

Comparative insights

Both measures demonstrated significant growth over the initial three years, reflecting strengthening equity positions. The divergence in trends during the last two years—with stockholders’ equity falling and adjusted total equity recovering—may indicate adjustments for items excluded from stockholders’ equity or the effect of reclassifications or valuations in the adjusted metric. Overall, the equity measures reveal resilience and positive momentum, despite some fluctuations in the later years.

Total Reported Debt

The total reported debt has shown a consistent upward trend over the five-year period. Starting at approximately 109.9 billion USD at the end of 2020, it slightly decreased in 2021 but then increased more substantially each subsequent year, reaching close to 129.7 billion USD by the end of 2024. This indicates a growing reliance on debt financing.

Stockholders’ Equity

Stockholders’ equity increased significantly from 45.0 billion USD in 2020 to nearly 67.8 billion USD in 2022, demonstrating a strong growth phase in equity capital. However, in the subsequent two years, equity declined moderately to 63.1 billion USD in 2024. This suggests some erosion in equity value after the peak in 2022.

Total Reported Capital

Total reported capital, which combines debt and equity, consistently increased from approximately 154.9 billion USD in 2020 to 192.8 billion USD in 2024. The growth was steady, reflecting the simultaneous increase in debt and overall capital base despite the slight decline in equity towards the end of the period.

Adjusted Total Debt

The adjusted total debt figures mirror the trend seen in total reported debt, starting at 111.1 billion USD in 2020 and rising steadily to around 131.0 billion USD in 2024. The adjustment does not significantly alter the overall increase pattern, reinforcing the company's increasing debt position.

Adjusted Total Equity

Adjusted total equity rose sharply from 40.9 billion USD in 2020 to a peak of 67.8 billion USD in 2022, closely aligning with the reported stockholders' equity trend. Following this peak, it declined more modestly to 66.4 billion USD in 2024, indicating some adjustments impact but overall similar equity behavior to the reported figures.

Adjusted Total Capital

Adjusted total capital experienced growth from 151.9 billion USD in 2020 to 197.4 billion USD in 2024, reflecting an increasing capital base. The pattern indicates steady capital accumulation, with the growth rate slightly accelerating in the latter years, suggesting a stronger emphasis on capital expansion when considering adjustments.

The financial data reveals a consistent upward trend in both automotive net sales and revenue as well as adjusted automotive net sales and revenue over the five-year period under review. Both metrics demonstrate sustained growth from 2020 through 2024.

Automotive net sales and revenue

The reported automotive net sales and revenue increased each year, starting from $108,673 million in 2020 and rising steadily to $171,606 million in 2024. This represents a significant growth trajectory, indicating an overall strengthening of the company’s top-line performance within the automotive segment.

Adjusted automotive net sales and revenue

Similarly, the adjusted automotive net sales and revenue figures show a parallel growth pattern, beginning at $108,324 million in 2020 and reaching $173,096 million in 2024. The close alignment between reported and adjusted figures suggests a consistent approach in adjustments and reinforces confidence in the underlying growth of revenue.

The year-over-year increases between each consecutive fiscal year indicate a healthy expansion, with the largest absolute increase observed between 2021 and 2022 for both reported and adjusted figures. This could indicate successful strategic initiatives, product launches, or market conditions favoring revenue enhancements during that period.

Overall, the data reflects a positive and continuous revenue growth pattern in the automotive segment over the period analyzed, underscoring the company’s improving revenue-generation capability.

The data reveals fluctuations in net income and adjusted net income attributable to stockholders over the five-year period ending in 2024.

Net Income Attributable to Stockholders

The net income shows an overall increase from 6,427 million USD in 2020 to a peak of 10,127 million USD in 2023, followed by a significant decrease to 6,008 million USD in 2024. Between 2020 and 2021, there was a sharp increase of approximately 56%, reaching 10,019 million USD, which then stabilized with minor fluctuations around the 10,000 million USD range before the decline in the final year.

Adjusted Net Income

Adjusted net income exhibits more volatility during the same period. It starts at 4,848 million USD in 2020, then more than triples to 17,409 million USD by the end of 2021, indicating significant adjusted gains or corrections in that year. Subsequently, it declines steadily to 11,067 million USD in 2022, then decreases further to 9,277 million USD in 2023, maintaining a similar level in 2024 at 9,308 million USD. This pattern suggests the adjustments made to net income exaggerate the 2021 result and partially normalize thereafter.