General Motors Co. (GM)

Balance Sheet: Liabilities and Stockholders’ Equity

Difficulty: Beginner

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

General Motors Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

		Dec 31, 2018		Dec 31, 2017		Dec 31, 2016		Dec 31, 2015		Dec 31, 2014
	Accounts payable, principally trade
	Automotive
	GM Financial
	Short-term debt and current portion of long-term debt
	Dealer and customer allowances, claims and discounts
	Deposits primarily from rental car companies
	Deferred revenue
	Product warranty and related liabilities
	Payrolls and employee benefits excluding postemployment benefits
	Other
	Accrued liabilities
	Current liabilities
	Automotive
	GM Financial
	Long-term debt, excluding current portion
	Postretirement benefits other than pensions
	Pensions
	Deferred revenue
	Product warranty and related liabilities
	Employee benefits excluding postemployment benefits
	Postemployment benefits including facility idling reserves
	Other
	Other liabilities
	Non-current liabilities
	Total liabilities
	Common stock, $0.01 par value
	Additional paid-in capital
	Retained earnings
	Accumulated other comprehensive loss
	Stockholders’ equity
	Noncontrolling interests
	Total equity
	Total liabilities and equity

Based on: 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-07), 10-K (filing date: 2016-02-03), 10-K (filing date: 2015-02-04).

Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	General Motors Co.’s current liabilities declined from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	General Motors Co.’s non-current liabilities increased from 2016 to 2017 and from 2017 to 2018.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	General Motors Co.’s total liabilities declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	General Motors Co.’s stockholders’ equity declined from 2016 to 2017 but then slightly increased from 2017 to 2018.

	General Motors Co.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Long-term Trends
Analysis
Financial Reporting Quality