Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (quarterly data)

US$ in millions

	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
Accounts payable, principally trade	27,077)	26,948)	25,680)	29,629)	28,762)	29,393)	28,114)	30,387)	29,800)	28,931)	27,486)	26,886)	25,890)	25,240)	20,391)	18,648)	21,431)	20,446)	19,928)	20,914)	15,154)	20,031)
Automotive	1,687)	2,166)	2,141)	944)	922)	378)	428)	396)	444)	425)	1,959)	450)	662)	737)	463)	476)	896)	1,146)	1,276)	2,271)	2,710)	1,730)
GM Financial	36,627)	33,768)	37,291)	35,218)	37,176)	35,598)	38,540)	38,256)	36,224)	36,585)	36,819)	34,634)	31,644)	32,300)	33,257)	34,343)	33,294)	33,922)	35,637)	33,502)	37,313)	43,331)
Short-term debt and current portion of long-term debt	38,314)	35,934)	39,432)	36,162)	38,098)	35,976)	38,968)	38,652)	36,668)	37,010)	38,778)	35,084)	32,306)	33,037)	33,720)	34,819)	34,190)	35,068)	36,913)	35,773)	40,023)	45,061)
Accrued liabilities	28,421)	27,865)	31,153)	29,672)	28,503)	26,408)	27,363)	27,781)	26,250)	24,244)	24,909)	24,033)	21,202)	21,278)	20,297)	18,484)	19,190)	20,809)	23,069)	23,916)	22,727)	26,200)
Current liabilities	93,812)	90,747)	96,265)	95,463)	95,363)	91,777)	94,445)	96,820)	92,718)	90,185)	91,173)	86,003)	79,398)	79,555)	74,408)	71,951)	74,811)	76,323)	79,910)	80,603)	77,904)	91,292)
Automotive	15,512)	13,474)	13,327)	15,540)	15,409)	15,949)	15,985)	15,962)	15,981)	15,929)	15,885)	18,333)	16,121)	16,155)	16,355)	16,372)	16,422)	16,406)	16,193)	26,473)	32,211)	28,581)
GM Financial	81,905)	83,270)	76,973)	76,149)	72,929)	70,312)	66,788)	64,259)	65,394)	61,482)	60,036)	59,190)	61,960)	60,613)	59,304)	57,762)	60,276)	59,773)	56,788)	55,320)	54,939)	52,858)
Long-term debt, excluding current portion	97,417)	96,744)	90,300)	91,689)	88,338)	86,261)	82,773)	80,221)	81,375)	77,411)	75,921)	77,523)	78,081)	76,768)	75,659)	74,134)	76,698)	76,179)	72,981)	81,793)	87,150)	81,439)
Postretirement benefits other than pensions	3,989)	3,967)	3,990)	4,235)	4,250)	4,292)	4,345)	4,090)	4,148)	4,162)	4,193)	5,512)	5,629)	5,722)	5,743)	6,111)	6,202)	6,236)	6,277)	5,746)	5,836)	5,766)
Pensions	6,085)	5,768)	5,779)	5,998)	6,171)	6,384)	6,680)	5,528)	5,680)	5,697)	5,698)	6,928)	7,358)	7,782)	8,008)	10,822)	11,564)	12,064)	12,902)	11,097)	11,249)	11,505)
Other liabilities	19,622)	18,452)	17,837)	17,742)	16,933)	17,276)	16,514)	16,319)	15,940)	15,318)	14,767)	14,796)	14,676)	14,602)	15,085)	15,218)	14,652)	13,166)	13,447)	12,424)	11,903)	12,305)
Non-current liabilities	127,113)	124,931)	117,906)	119,664)	115,692)	114,213)	110,312)	106,158)	107,143)	102,588)	100,579)	104,759)	105,744)	104,874)	104,495)	106,285)	109,116)	107,645)	105,607)	111,060)	116,138)	111,015)
Total liabilities	220,925)	215,678)	214,171)	215,127)	211,055)	205,990)	204,757)	202,978)	199,861)	192,773)	191,752)	190,762)	185,142)	184,429)	178,903)	178,236)	183,927)	183,968)	185,517)	191,663)	194,042)	202,307)
Noncontrolling interest, Cruise stock incentive awards	—)	—)	—)	—)	—)	175)	118)	323)	287)	271)	358)	228)	115)	289)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	10)	10)	10)	11)	11)	11)	12)	14)	14)	14)	14)	14)	15)	15)	15)	15)	15)	14)	14)	14)	14)	14)
Additional paid-in capital	20,610)	20,345)	20,843)	19,342)	19,602)	19,358)	19,130)	26,058)	26,078)	26,323)	26,428)	26,657)	27,261)	27,015)	27,061)	26,926)	26,844)	26,667)	26,542)	26,148)	26,087)	26,014)
Retained earnings	56,675)	55,139)	53,472)	62,050)	59,807)	57,688)	55,391)	56,321)	53,518)	51,318)	49,251)	47,910)	45,554)	43,879)	41,937)	40,212)	37,806)	34,988)	31,962)	29,134)	25,104)	25,885)
Accumulated other comprehensive loss	(10,932)	(11,122)	(11,253)	(10,468)	(10,787)	(10,459)	(10,247)	(7,918)	(7,955)	(7,778)	(7,901)	(9,313)	(8,876)	(8,814)	(9,269)	(13,003)	(12,996)	(13,326)	(13,488)	(11,955)	(11,901)	(11,800)
Stockholders’ equity	66,363)	64,372)	63,072)	70,935)	68,633)	66,598)	64,286)	74,475)	71,655)	69,877)	67,792)	65,268)	63,954)	62,095)	59,744)	54,150)	51,669)	48,343)	45,030)	43,341)	39,304)	40,113)
Noncontrolling interests	2,096)	2,055)	2,518)	3,227)	3,267)	3,828)	3,903)	3,929)	4,030)	4,084)	4,135)	4,272)	4,306)	4,679)	6,071)	6,171)	6,207)	6,100)	4,647)	4,667)	4,189)	4,204)
Total equity	68,459)	66,427)	65,590)	74,162)	71,900)	70,426)	68,189)	78,404)	75,685)	73,961)	71,927)	69,540)	68,260)	66,774)	65,815)	60,321)	57,876)	54,443)	49,677)	48,008)	43,493)	44,317)
Total liabilities and equity	289,384)	282,105)	279,761)	289,289)	282,955)	276,591)	273,064)	281,705)	275,833)	267,005)	264,037)	260,530)	253,517)	251,492)	244,718)	238,557)	241,803)	238,411)	235,194)	239,671)	237,535)	246,624)

Accounts Payable, Principally Trade: Accounts payable shows fluctuations with an overall increasing trend from 20,031 million USD in March 2020 to 27,077 million USD in June 2025, despite some declines in certain quarters, indicating growing supplier obligations over time.
Automotive Segment: The automotive segment revenue or related metric exhibits volatility. It decreased sharply in 2020, reached a low in December 2020 at 463 million USD, and shows some recovery with peaks in March 2023 and September 2024 but remains inconsistent throughout the period.
GM Financial Segment: GM Financial displays a generally stable to increasing trend in values, starting at 43,331 million USD in March 2020, dipping slightly mid-2020, then gradually increasing with fluctuations, reaching 36,627 million USD by June 2025. This suggests steady financial service operations with cyclical influences.
Short-term Debt and Current Portion of Long-term Debt: Short-term debt decreased from 45,061 million USD in March 2020 to roughly 33,037 million USD by March 2022, but then shows an increasing pattern again, peaking near 39,432 million USD in March 2025, indicating varying liquidity or refinancing activity in the short-term debt profile.
Accrued Liabilities: Accrued liabilities trend upward overall, from 26,200 million USD in March 2020 to a peak around 31,153 million USD in June 2025, reflecting increasing obligations likely tied to operational expenses or employee-related costs.
Current Liabilities: Current liabilities show significant increases from 91,292 million USD in March 2020 to 93,812 million USD by June 2025, with peaks near 96,265 million USD in December 2024. This increase suggests growing short-term financial commitments over time.
Automotive (Another Row): The second automotive row indicates a relatively flat trend with minor decline from approximately 28,581 million USD in March 2020 to near 15,512 million USD in December 2025, with some volatility. This downward movement suggests lower asset or revenue contributions from this segment over the years.
GM Financial (Another Row): This row reveals increasing values in long-term financial measures, climbing from 52,858 million USD in March 2020 to 81,905 million USD in June 2025, demonstrating growth in financial assets or lending capacity in this segment.
Long-term Debt, Excluding Current Portion: Long-term debt displays fluctuations, beginning at 81,439 million USD in March 2020, dipping to around 72,981 million USD in December 2020, then generally rising to 97,417 million USD by June 2025. The increasing trend suggests growing leverage or capital raising via long-term borrowings.
Postretirement Benefits Other Than Pensions: This liability decreases over time, from 5,766 million USD in March 2020 to around 3,989 million USD in June 2025, indicating either benefit obligation reductions or changes in actuarial assumptions.
Pensions: Pension liabilities decrease markedly from 11,505 million USD in March 2020 to a low near 5,528 million USD in December 2022, followed by moderate fluctuations around 6,000 million USD thereafter, showing a reduction in pension obligations over the period.
Other Liabilities: Other liabilities steadily increase from 12,305 million USD in March 2020 to 19,622 million USD in June 2025, suggesting additional non-specified obligations accumulating over time.
Non-current Liabilities: Non-current liabilities moderately fluctuate, with an initial value of 111,015 million USD in March 2020, declining to about 100,579 million USD in December 2022, then rising to 127,113 million USD by June 2025, implying shifts in long-term financial obligations.
Total Liabilities: Total liabilities declined from 202,307 million USD in March 2020 to 178,236 million USD in September 2021, then steadily increased to 220,925 million USD by June 2025, reflecting overall growth in obligations after a mid-period dip.
Noncontrolling Interest, Cruise Stock Incentive Awards: Data for this line is mostly missing early on, but values from late 2021 to early 2024 show variability in the low hundreds of millions, indicating stock incentive liabilities with some fluctuations but no clear trend due to sparse data.
Common Stock, $0.01 Par Value: Common stock remains stable at about 10-15 million USD throughout the period, indicating no substantial issuance or repurchase affecting par value.
Additional Paid-in Capital: Additional paid-in capital holds steady around the 26,000 million USD level through 2022 but drops sharply to approximately 19,130 million USD by June 2023, before recovering slightly to around 20,610 million USD by June 2025. This decline suggests significant adjustments or repurchases impacting contributed capital in mid-2023.
Retained Earnings: Retained earnings increase steadily from 25,885 million USD in March 2020 to a peak of about 62,050 million USD in December 2024, with a notable dip in early 2025, indicating strong cumulative profitability but some recent reductions potentially due to dividends or losses.
Accumulated Other Comprehensive Loss: This loss shows volatility between -11,800 million USD and -7,778 million USD in 2022, but then trends negatively again to nearly -11,000 million USD by mid-2025, reflecting ongoing unrealized losses or valuation adjustments on certain assets or liabilities.
Stockholders' Equity: Stockholders' equity exhibits an overall upward trend from 40,113 million USD in March 2020 to peaks near 74,475 million USD in September 2023, with a pronounced dip thereafter to around 63,363 million USD by June 2025, indicating fluctuations influenced by earnings performance, equity transactions, and other factors.
Noncontrolling Interests: Noncontrolling interests decline steadily from 4,204 million USD in March 2020 to about 2,096 million USD by June 2025, reflecting a reduction in minority stakes or divestitures.
Total Equity: Total equity moves in line with stockholders' equity and noncontrolling interests, rising initially from 44,317 million USD in March 2020 to 78,404 million USD in September 2023, followed by a decrease to 68,459 million USD by June 2025, showing increased net worth with recent contractions.
Total Liabilities and Equity: The sum of liabilities and equity gradually increases over the period, from approximately 246,624 million USD in March 2020 to 289,384 million USD by June 2025, illustrating growth in the company's total capitalization and balance sheet size.

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General Motors Co. (NYSE:GM)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data