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

	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
Accounts payable, principally trade	27,317)	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	424)	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	36,053)	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	36,477)	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	29,501)	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	93,295)	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	15,690)	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	80,336)	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	96,026)	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	3,947)	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	5,985)	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	20,513)	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	126,471)	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	219,766)	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	9)	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	20,295)	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	56,862)	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	(10,792)	(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	66,374)	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	2,028)	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	68,402)	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	288,168)	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 fluctuated over the observed periods, starting near 20 billion USD in early 2020, dipping mid-2020, and then generally trending upward through 2022 to peak close to 30 billion USD in early 2023. After a moderate decrease in late 2023, values remained near the 27 billion USD mark through 2025, indicating relative stability with some volatility.
Automotive Revenue: The automotive revenue showed a decline in 2020, bottoming by year-end with values near the 400 million USD range in late 2021. Subsequently, revenue recovered somewhat with fluctuations, including a notable increase toward 2 billion USD in early 2025, although recent quarters also showed variability, suggesting a volatile but recovering segment.
GM Financial Revenue: GM Financial revenue steadily decreased from 43 billion USD in early 2020 down to around 31-32 billion USD through 2022. There was a slight recovery in late 2022 and early 2023, stabilizing around the mid-30 billion USD range, indicating a relatively stable but lower trend compared to 2020.
Short-term debt and Current Portion of Long-term Debt: This liability showed a declining trend from about 45 billion USD in early 2020 to lows near 33 billion USD in 2022. Increased borrowing occurred at the end of 2022 and through 2023 with values neared or slightly above 38 billion USD, followed by fluctuations. This pattern suggests active debt management with periods of paying down and refinancing short-term obligations.
Accrued Liabilities: Accrued liabilities trended upward over the period. Starting around 26 billion USD in early 2020, they declined slightly mid-2020 but steadily increased from 21 billion USD in early 2021 to surpass 31 billion USD by mid-2025, indicating rising obligations accrued over time.
Current Liabilities: Current liabilities decreased sharply from roughly 91 billion USD in early 2020 to a low near 72 billion USD by mid-2021, then rebounded with notable increases through 2023 and 2024, reaching around 96 billion USD. The latest data show some volatility but generally elevated levels, reflective of fluctuating short-term obligations.
Automotive Segment Assets: This line item declined significantly from 28.5 billion USD in early 2020 to just above 13 billion USD by mid-2024, with some minor fluctuations thereafter. The downward trend suggests asset reductions or reallocation within the automotive division.
GM Financial Segment Assets: These assets rose steadily from about 53 billion USD in early 2020 to peaks exceeding 83 billion USD by mid-2025. This smooth and consistent growth indicates expansion or asset accumulation in the financial division.
Long-term Debt, Excluding Current Portion: Long-term debt showed fluctuations but an overall upward trend, starting around 81 billion USD in early 2020, dipping in late 2020, and increasing again toward nearly 97 billion USD by mid-2025, indicating increased leverage or refinancing over time.
Postretirement Benefits Other than Pensions: Liabilities related to postretirement benefits were initially stable around 5.7 billion USD, but decreased notably by 2022 to near 4 billion USD, then remained generally stable with slight declines through 2025, reflecting possible benefit plan adjustments or changes in actuarial assumptions.
Pensions: Pension liabilities experienced a decreasing trend from roughly 11.5 billion USD in early 2020 to below 6 billion USD by late 2022, with some mild upward variation thereafter. This indicates a reduction in pension obligations over the period.
Other Liabilities: Other liabilities gradually increased from about 12.3 billion USD in early 2020 to exceed 20 billion USD by late 2025, showing moderate growth in various non-major liabilities.
Non-current Liabilities: Non-current liabilities trended slightly downward in the early period, from 111 billion USD to around 100 billion USD by late 2022, before increasing steadily again toward 127 billion USD by mid-2025, reflecting rising long-term obligations after a temporary decrease.
Total Liabilities: Total liabilities decreased from approximately 202 billion USD in early 2020 to 178-183 billion USD by late 2021, then consistently increased through 2024, surpassing 215 billion USD by 2025, indicating growing overall indebtedness following a mid-period decline.
Noncontrolling Interest from Cruise Stock Incentive Awards: This item appeared in late 2021 with relatively minor and variable amounts below 400 million USD, indicating limited but growing attribution to minority interests related to specific stock incentives.
Common Stock: Common stock value remained virtually unchanged around 10-15 million USD, with minor decreases in later years, reflecting stable common stock capital structure with slight repurchases or retirements.
Additional Paid-in Capital: Additional paid-in capital showed modest growth up to early 2022 near 27 billion USD, then declined sharply to around 19 billion USD through early 2024, and stabilized near 20 billion USD through mid-2025, reflecting capital transactions or buybacks.
Retained Earnings: Retained earnings steadily increased from about 26 billion USD in early 2020 to over 62 billion USD in 2024 before a sharp decline in 2025 to approximately 55-57 billion USD, indicating cumulative profitability with recent reductions, possibly due to losses or distributions.
Accumulated Other Comprehensive Loss: The accumulated other comprehensive loss fluctuated moderately, generally around -10 billion USD, with mild improvements and deteriorations but no significant trend, indicating relatively stable unrealized losses or adjustments.
Stockholders’ Equity: Equity grew from around 40 billion USD in 2020 to peak near 74 billion USD by late 2023, then declined to approximately 63-66 billion USD in 2024 and 2025, indicating net gains over the period followed by some erosion of equity base.
Noncontrolling Interests: Noncontrolling interests declined steadily from over 4 billion USD in early 2020 to about 2 billion USD by mid-2025, reflecting buyouts or reductions in minority ownership participation.
Total Equity: Total equity increased from 44 billion USD to a peak of roughly 78 billion USD in late 2023 before declining back to near 66-68 billion USD by 2025, mirroring stockholders’ equity trends with minor variations.
Total Liabilities and Equity: The total balance sheet size showed moderate fluctuations, declining slightly early in the period from 247 billion USD to 235 billion USD, then expanding steadily to a maximum near 289 billion USD in late 2024, before a small decline to 288 billion USD by late 2025, indicating expansion in asset base with minor contraction.

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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