Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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

	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
Cash and cash equivalents	22,910)	22,381)	20,570)	19,872)	23,744)	22,516)	17,635)	18,853)	25,224)	23,074)	18,227)	19,153)	20,745)	16,710)	16,349)	20,067)	17,365)	22,920)	21,609)	19,992)	26,939)	28,228)	38,506)
Marketable debt securities	6,792)	6,958)	6,919)	7,265)	8,477)	8,313)	7,845)	7,613)	9,651)	9,556)	9,981)	12,150)	9,566)	10,124)	9,907)	8,609)	6,575)	6,211)	7,771)	9,046)	9,962)	9,254)	7,620)
Accounts and notes receivable, net of allowance	17,125)	16,722)	14,936)	12,827)	13,782)	13,406)	13,774)	12,378)	13,923)	14,068)	13,702)	13,333)	14,021)	12,417)	11,946)	7,394)	8,091)	8,167)	9,126)	8,035)	9,939)	7,946)	7,536)
GM Financial receivables, net of allowance	44,521)	44,473)	44,517)	46,362)	44,453)	42,783)	41,682)	39,076)	36,224)	34,440)	32,283)	33,623)	31,049)	28,479)	28,440)	26,649)	25,093)	24,444)	24,583)	26,209)	24,562)	22,851)	26,320)
Inventories	15,318)	15,454)	15,253)	14,564)	17,325)	17,605)	17,533)	16,461)	17,740)	17,912)	17,758)	15,366)	16,367)	16,859)	14,838)	12,988)	14,534)	13,102)	12,066)	10,235)	10,934)	10,280)	10,799)
Other current assets	7,970)	8,297)	7,811)	7,655)	7,638)	7,441)	8,001)	7,237)	7,959)	7,754)	6,881)	6,826)	6,523)	6,505)	7,114)	6,396)	6,133)	7,765)	6,936)	7,407)	6,841)	8,938)	6,918)
Current assets	114,636)	114,285)	110,006)	108,545)	115,419)	112,064)	106,470)	101,618)	110,721)	106,804)	98,832)	100,451)	98,271)	91,094)	88,594)	82,103)	77,791)	82,609)	82,091)	80,924)	89,177)	87,497)	97,699)
GM Financial receivables, net of allowance	45,300)	47,043)	46,534)	46,474)	45,928)	44,747)	43,511)	45,043)	44,987)	44,201)	43,582)	40,591)	39,551)	38,227)	36,408)	36,167)	34,645)	35,507)	33,689)	31,783)	30,191)	28,999)	25,948)
Equity in net assets of nonconsolidated affiliates	6,272)	6,103)	6,877)	7,102)	11,039)	10,734)	10,740)	10,613)	10,549)	10,064)	10,542)	10,176)	9,910)	9,733)	10,402)	9,677)	9,234)	8,882)	8,979)	8,406)	8,046)	7,724)	7,521)
Property, net	51,938)	52,159)	52,128)	51,904)	51,505)	51,145)	51,423)	50,321)	49,399)	47,941)	46,895)	45,248)	42,795)	41,943)	41,708)	41,115)	39,637)	38,822)	37,797)	37,632)	36,989)	37,066)	37,969)
Goodwill and intangible assets, net	4,452)	4,488)	4,520)	4,551)	4,745)	4,778)	4,823)	4,862)	4,907)	4,950)	4,968)	4,945)	4,968)	5,013)	5,058)	5,087)	5,126)	5,169)	5,185)	5,230)	5,245)	5,282)	5,225)
Equipment on operating leases, net	33,609)	33,196)	32,239)	31,586)	30,956)	30,345)	30,106)	30,582)	31,061)	31,560)	31,848)	32,701)	33,778)	35,307)	36,581)	37,929)	39,657)	40,596)	40,343)	39,819)	39,358)	39,601)	41,296)
Deferred income taxes	21,669)	21,478)	21,234)	21,254)	21,007)	21,088)	21,704)	22,339)	20,289)	20,640)	20,676)	20,539)	20,572)	21,038)	21,287)	21,152)	22,245)	22,408)	23,090)	24,136)	23,970)	24,654)	24,441)
Other assets	10,292)	10,632)	8,566)	8,345)	8,690)	8,055)	7,814)	7,686)	9,792)	9,673)	9,661)	9,386)	10,684)	11,162)	11,454)	11,488)	10,222)	7,810)	7,237)	7,264)	6,695)	6,712)	6,525)
Non-current assets	173,532)	175,099)	172,098)	171,216)	173,870)	170,892)	170,121)	171,446)	170,984)	169,029)	168,172)	163,586)	162,258)	162,423)	162,898)	162,615)	160,766)	159,194)	156,320)	154,270)	150,494)	150,038)	148,925)
Total assets	288,168)	289,384)	282,104)	279,761)	289,289)	282,956)	276,591)	273,064)	281,705)	275,833)	267,004)	264,037)	260,529)	253,517)	251,492)	244,718)	238,557)	241,803)	238,411)	235,194)	239,671)	237,535)	246,624)

Cash and Cash Equivalents: There is a general decline in cash and cash equivalents from early 2020 through the end of 2020, reaching a low point in December 2020. This is followed by fluctuations with intermittent increases and decreases through 2025, but overall maintaining a somewhat stable range between approximately $17 billion and $25 billion in the later years, indicating managed liquidity levels amid varying operational cash flows.
Marketable Debt Securities: The levels of marketable debt securities show variability within a moderate range but overall demonstrate a slight downward trend from 2022 onward, peaking in late 2021. This suggests a potential reallocation or utilization of these securities in part of the portfolio management strategy to meet liquidity needs or investment priorities.
Accounts and Notes Receivable, Net: Receivables exhibit notable growth from 2019 into 2022, nearly doubling in value, indicating an expanding volume of credit sales or extended payment terms. Thereafter, values fluctuate but generally remain elevated compared to earlier years, implying sustained higher customer receivables balances.
GM Financial Receivables, Net: This category displays a consistent upward trend across all periods, growing substantially from approximately $26 billion in early 2020 to over $44 billion by late 2025. The steady increase reflects expansion in the financial services segment or higher loan origination activity, underscoring the growing importance of captive financing operations in the company's business model.
Inventories: Inventory levels rose markedly from early 2020 to mid-2022, peaking around $18 billion, before experiencing a gradual reduction into 2025. This pattern may reflect inventory build-up during supply chain disruptions followed by efforts to optimize or reduce inventory levels in response to improving supply conditions and demand management.
Other Current Assets: Other current assets show some volatility but generally trend upward until mid-2023, after which they stabilize in the $7.5 billion to $8.3 billion range. This indicates moderate growth and consistent holding of other short-term resources supporting operational activities.
Current Assets: Total current assets experienced a trough in late 2020, followed by recovery and steady growth through early 2023, peaking above $110 billion, then slightly declining but remaining relatively stable thereafter. This reflects overall enhanced liquidity and working capital management after recovering from initial pandemic-related impacts.
Equity in Net Assets of Nonconsolidated Affiliates: This metric grew steadily into 2022, reaching over $11 billion, yet exhibits a sharp decline from 2023 onward to about $6 billion by late 2025. Such decrease may suggest divestitures, impairments, or reduced earnings contributions from affiliated entities in recent years.
Property, Net: The net property value shows consistent growth from approximately $38 billion in 2020 to about $52 billion by 2025. This upward trend suggests ongoing capital investments and asset acquisitions, supporting expansion or modernization efforts in fixed assets.
Goodwill and Intangible Assets, Net: These assets display a gradual decrease over time, falling from $5.2 billion in 2020 to around $4.5 billion by late 2025. The decline may indicate amortization, impairment, or disposals of intangible assets.
Equipment on Operating Leases, Net: This category decreases steadily from near $41.3 billion in early 2020 to about $31 billion in 2023, followed by stabilization and slight increases thereafter, ending around $33.6 billion. This pattern reflects a reduction in leased equipment assets, possibly due to fleet downsizing or transitions in business strategy regarding lease assets.
Deferred Income Taxes: Deferred income taxes remain relatively stable across the period, fluctuating narrowly between approximately $20 billion and $24 billion. This stability indicates consistent tax timing differences arising from the company's operations and investments.
Other Assets: Other non-current assets steadily increase into late 2021 before showing fluctuations, with a general uptrend towards late 2025. The increased amounts could reflect various long-term assets or investments growth.
Non-Current Assets: Non-current assets rise gradually from $149 billion in early 2020 to over $175 billion by 2025. This consistent increase aligns with ongoing capital expenditures and investment in long-term asset growth supporting operational capacity.
Total Assets: Total assets demonstrate a decline during 2020, likely influenced by pandemic effects, before recovering and maintaining an upward trajectory through early 2023, achieving a peak near $289 billion. Subsequently, the asset base stabilizes with minor fluctuations through 2025, reflecting a robust and sizeable asset structure supporting the company’s activities.

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General Motors Co. (NYSE:GM)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data