General Motors Co. (GM)


Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Low level of difficulty

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 (quarterly data)

US$ in millions

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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
Accounts payable, principally trade 21,406  22,717  24,560  22,297  25,147  24,660  26,039  23,929  23,265  23,404  28,725  26,961  28,628  26,959  26,766  24,062  25,188  24,247  25,187  22,529  24,773  26,992  27,715 
Automotive 2,890  2,490  1,999  935  2,915  2,807  4,341  2,515  1,127  1,066  1,350  1,167  1,012  1,031  832  817  641  462  411  500  578  610  522 
GM Financial 31,884  30,659  31,273  30,956  27,950  25,457  25,006  24,450  24,480  28,942  32,351  27,861  24,362  20,199  20,756  18,745  16,361  13,941  13,940  14,488  12,808  15,193  14,327 
Short-term debt and current portion of long-term debt 34,774  33,149  33,272  31,891  30,865  28,264  29,347  26,965  25,607  30,008  33,701  29,028  25,374  21,230  21,588  19,562  17,002  14,403  14,351  14,988  13,386  15,803  14,849 
Accrued liabilities 28,072  28,428  27,471  28,049  28,104  27,368  27,330  25,996  26,603  26,601  28,478  29,192  28,533  27,854  26,633  27,842  30,549  30,878  27,804  28,184  29,170  29,552  26,658 
Current liabilities held for sale —  —  —  —  —  —  —  —  6,374  14,293  —  —  —  —  —  —  —  —  —  —  —  —  — 
Current liabilities 84,252  84,294  85,303  82,237  84,116  80,292  82,716  76,890  81,849  94,306  90,904  85,181  82,535  76,043  74,987  71,466  72,739  69,528  67,342  65,701  67,329  72,347  69,222 
Automotive 12,448  12,957  12,954  13,028  13,048  11,012  10,957  10,987  12,508  9,544  9,602  9,585  9,740  9,789  9,946  7,948  8,503  8,725  8,722  8,910  6,753  6,864  6,687 
GM Financial 57,244  60,455  60,858  60,032  58,427  58,983  58,514  56,267  54,558  49,537  47,598  46,015  43,986  44,301  39,615  35,601  31,898  30,389  25,185  22,943  20,966  17,409  16,231 
Long-term debt, excluding current portion 69,692  73,412  73,812  73,060  71,475  69,995  69,471  67,254  67,066  59,081  57,200  55,600  53,726  54,090  49,561  43,549  40,401  39,114  33,907  31,853  27,719  24,273  22,918 
Postretirement benefits other than pensions 5,301  5,357  5,363  5,370  5,832  5,853  5,927  5,998  5,758  5,750  5,771  5,803  5,621  5,675  5,720  5,685  5,959  6,075  6,089  6,229  5,815  5,826  5,814 
Pensions 10,223  10,791  11,099  11,538  11,119  11,989  13,209  13,746  14,119  14,777  17,636  17,951  17,595  17,939  19,245  20,911  21,618  22,177  22,206  23,788  18,111  19,068  19,171 
Other liabilities 13,290  12,794  12,917  12,357  12,261  11,876  11,945  12,394  12,743  12,438  13,068  13,080  13,084  12,699  12,780  12,586  13,148  13,248  13,551  14,082  14,371  14,999  13,641 
Non-current liabilities held for sale —  —  —  —  —  —  —  —  4,490  8,223  —  —  —  —  —  —  —  —  —  —  —  —  — 
Non-current liabilities 98,506  102,354  103,191  102,325  100,687  99,713  100,552  99,392  104,176  100,269  93,675  92,434  90,026  90,403  87,306  82,731  81,126  80,614  75,753  75,952  66,016  64,166  61,544 
Total liabilities 182,758  186,648  188,494  184,562  184,803  180,005  183,268  176,282  186,025  194,575  184,579  177,615  172,561  166,446  162,293  154,197  153,865  150,142  143,095  141,653  133,345  136,513  130,766 
Preferred stock, $0.01 par value —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  3,109  3,109  3,109 
Common stock, $0.01 par value 14  14  14  14  14  14  14  14  14  15  15  15  15  16  15  15  16  16  16  16  16  16  16 
Additional paid-in capital 25,928  25,765  25,661  25,563  25,503  25,465  25,337  25,371  25,782  26,328  27,012  26,983  27,241  27,734  27,463  27,607  27,744  28,161  28,819  28,937  28,832  28,840  28,778 
Retained earnings 27,609  25,807  23,939  22,322  20,865  18,873  17,028  17,627  24,230  28,547  28,195  26,168  25,417  23,785  21,508  20,285  14,912  14,512  14,825  14,577  13,975  13,162  13,457 
Accumulated other comprehensive loss (8,997) (8,770) (8,849) (9,039) (8,321) (8,171) (8,081) (8,011) (7,783) (9,369) (9,250) (9,330) (7,953) (7,905) (8,054) (8,036) (8,034) (7,543) (7,331) (8,073) (2,930) (3,133) (3,138)
Stockholders’ equity 44,554  42,816  40,765  38,860  38,061  36,181  34,298  35,001  42,243  45,521  45,972  43,836  44,720  43,630  40,932  39,871  34,638  35,146  36,329  35,457  43,002  41,994  42,222 
Noncontrolling interests 4,217  4,273  3,873  3,917  2,847  2,455  1,160  1,199  1,234  204  242  239  295  373  393  452  497  524  494  567  561  591  618 
Total equity 48,771  47,089  44,638  42,777  40,908  38,636  35,458  36,200  43,477  45,725  46,214  44,075  45,015  44,003  41,325  40,323  35,135  35,670  36,823  36,024  43,563  42,585  42,840 
Total liabilities and equity 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).

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 Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
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 declined from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
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 Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
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 increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.