General Motors Co. (GM)


Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

General Motors Co., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Cash and cash equivalents 20,051  17,072  17,176  20,844  18,435  15,087  14,256  15,512  12,792  16,598  12,864  12,960  15,932  18,923  14,894  15,238  15,433  17,627  15,776  18,954  18,060  19,864  19,426 
Marketable debt securities 6,725  7,049  6,021  5,966  5,916  6,924  7,110  8,313  8,454  9,133  10,260  11,841  8,172  4,247  6,537  8,163  8,029  7,200  8,409  9,222  9,570  9,935  8,716 
Accounts and notes receivable, net 6,924  10,362  12,116  6,549  10,376  9,663  10,769  8,164  10,013  9,796  10,898  9,638  10,737  10,461  8,988  8,337  10,486  10,604  11,569  9,078  10,892  11,480  11,734 
GM Financial receivables, net 28,017  27,925  27,230  26,850  23,432  22,005  21,157  20,521  19,399  19,296  23,903  22,065  20,495  19,800  19,225  18,051  17,217  16,932  16,127  16,528  15,660  15,797  15,055 
Inventories 11,797  11,447  11,108  9,816  11,334  10,833  11,461  10,663  11,789  11,289  14,686  13,788  15,427  15,026  15,817  13,764  14,368  14,218  14,051  13,642  15,210  15,200  14,837 
Deferred income taxes —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  8,599  9,208  9,289  9,704  9,760  9,978  11,499  10,590 
Other current assets 7,051  7,451  6,439  5,268  5,355  5,939  6,682  5,571  6,541  6,207  6,987  5,911  5,733  6,173  5,573  5,855  7,600  8,684  7,595  6,486  7,270  7,868  6,467 
Current assets held for sale —  —  —  —  —  —  —  —  7,630  12,762  —  —  —  —  —  —  —  —  —  —  —  —  — 
Current assets 80,565  81,306  80,090  75,293  74,848  70,451  71,435  68,744  76,618  85,081  79,598  76,203  76,496  74,630  71,034  78,007  82,341  84,554  83,231  83,670  86,640  91,643  86,825 
GM Financial receivables, net 25,743  26,264  25,448  25,083  24,086  22,996  22,146  21,208  21,021  20,137  22,540  20,724  20,299  19,309  19,145  18,500  17,671  17,277  16,180  16,006  15,604  15,430  14,866 
Equity in net assets of nonconsolidated affiliates 8,496  8,340  8,266  9,215  9,155  8,788  9,883  9,073  8,820  8,248  9,416  8,996  8,645  8,198  9,640  9,201  8,872  8,403  9,756  8,350  7,983  7,485  8,747 
Property, net 37,969  38,188  38,336  38,758  38,655  38,003  37,321  36,253  35,178  34,301  37,202  35,820  34,713  33,510  32,652  31,229  29,381  28,431  27,755  27,743  27,375  27,023  26,367 
Goodwill and intangible assets, net 5,408  5,457  5,518  5,579  5,651  5,720  5,790  5,849  5,854  5,989  6,193  6,259  6,354  6,433  5,891  5,947  6,083  6,181  6,297  6,410  6,644  6,793  7,005 
Equipment on operating leases, net 42,527  42,938  43,052  43,559  44,128  44,054  43,444  42,882  41,775  39,725  37,302  34,526  31,775  28,442  24,538  20,172  16,915  12,904  8,939  7,060  5,796  4,748  3,726 
Deferred income taxes 23,783  23,987  24,303  24,082  23,242  23,285  23,538  23,544  30,723  32,425  34,263  35,092  35,025  35,627  36,374  28,443  24,799  24,998  24,782  25,414  23,574  22,582  22,840 
Other assets 7,038  7,257  8,119  5,770  5,946  5,344  5,169  4,929  5,005  3,994  4,279  4,070  4,269  4,300  4,344  3,021  2,938  3,064  2,978  3,024  3,292  3,394  3,230 
Non-current assets held for sale —  —  —  —  —  —  —  —  4,508  10,400  —  —  —  —  —  —  —  —  —  —  —  —  — 
Non-current assets 150,964  152,431  153,042  152,046  150,863  148,190  147,291  143,738  152,884  155,219  151,195  145,487  141,080  135,819  132,584  116,513  106,659  101,258  96,687  94,007  90,268  87,455  86,781 
Total assets 231,529  233,737  233,132  227,339  225,711  218,641  218,726  212,482  229,502  240,300  230,793  221,690  217,576  210,449  203,618  194,520  189,000  185,812  179,918  177,677  176,908  179,098  173,606 

Based on: 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-07), 10-Q (filing date: 2016-10-25), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-03), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-04), 10-Q (filing date: 2014-10-23), 10-Q (filing date: 2014-07-24), 10-Q (filing date: 2014-04-24).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. General Motors Co.’s current assets increased from Q1 2019 to Q2 2019 but then slightly decreased from Q2 2019 to Q3 2019 not reaching Q1 2019 level.
Property, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. General Motors Co.’s property, net decreased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. General Motors Co.’s non-current assets decreased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. General Motors Co.’s total assets increased from Q1 2019 to Q2 2019 but then decreased significantly from Q2 2019 to Q3 2019.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. General Motors Co.’s cash and cash equivalents decreased from Q1 2019 to Q2 2019 but then increased from Q2 2019 to Q3 2019 exceeding Q1 2019 level.
Marketable debt securities Amount of investment in marketable security, classified as current. General Motors Co.’s marketable debt securities increased from Q1 2019 to Q2 2019 but then slightly decreased from Q2 2019 to Q3 2019.
Accounts and notes receivable, net The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. General Motors Co.’s accounts and notes receivable, net decreased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. General Motors Co.’s inventories increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.