Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

General Motors Co., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	9,840)	9,708)	9,945)	6,321)	6,667)
Depreciation and impairment of Equipment on operating leases, net	4,904)	4,839)	6,076)	7,178)	7,332)
Depreciation, amortization and impairment charges on Property, net	6,984)	6,451)	5,975)	5,637)	6,786)
Foreign currency remeasurement and transaction (gains) losses	349)	172)	(17)	203)	(85)
Undistributed (earnings) loss of nonconsolidated affiliates, net	245)	193)	(517)	524)	585)
Pension contributions and OPEB payments	(1,100)	(790)	(838)	(851)	(985)
Pension and OPEB (income) loss, net	90)	(1,189)	(1,605)	(765)	(484)
Provision (benefit) for deferred taxes	(1,041)	425)	2,214)	925)	(133)
Accounts receivable	1,183)	(4,483)	493)	(1,341)	(563)
Wholesale receivables funded by GM Financial, net	(2,982)	(5,000)	2,854)	2,744)	663)
Inventories	(757)	(2,581)	(3,155)	(104)	(761)
Automotive equipment on operating leases	—)	—)	—)	53)	274)
Change in other assets	(685)	(248)	(1,418)	68)	(1,550)
Accounts payable	(398)	6,144)	(1,166)	42)	(492)
Income taxes payable	(121)	273)	(95)	130)	213)
Accrued and other liabilities	5,582)	2,918)	(879)	(1,991)	(1,573)
Change in other operating assets and liabilities	1,822)	(2,977)	(3,366)	(399)	(3,789)
Other operating activities	(1,163)	(789)	(2,679)	(2,103)	(873)
Net cash provided by operating activities	20,930)	16,043)	15,188)	16,670)	15,021)
Expenditures for property	(10,970)	(9,238)	(7,509)	(5,300)	(7,592)
Available-for-sale marketable securities, acquisitions	(4,429)	(11,837)	(8,962)	(16,204)	(4,075)
Available-for-sale marketable securities, liquidations	9,345)	8,057)	9,347)	11,941)	6,265)
Purchases of finance receivables	(35,379)	(33,974)	(33,009)	(30,090)	(24,538)
Principal collections and recoveries on finance receivables	28,346)	26,887)	24,622)	19,726)	22,005)
Purchases of leased vehicles	(13,640)	(11,949)	(14,602)	(15,233)	(16,404)
Proceeds from termination of leased vehicles	13,033)	14,234)	14,393)	13,399)	13,302)
Other investing activities	(969)	(62)	(635)	(65)	138)
Net cash used in investing activities	(14,663)	(17,882)	(16,355)	(21,826)	(10,899)
Net increase (decrease) in short-term debt	(156)	373)	2,912)	277)	(312)
Proceeds from issuance of debt, original maturities greater than three months	50,963)	45,813)	45,300)	78,527)	36,937)
Payments on debt, original maturities greater than three months	(44,675)	(39,606)	(47,806)	(72,663)	(39,156)
Payments to purchase common stock	(11,115)	(2,500)	—)	—)	—)
Issuance (redemption) of subsidiary stock	—)	(2,121)	1,736)	492)	457)
Dividends paid	(597)	(397)	(186)	(669)	(2,350)
Other financing activities	(773)	(1,179)	(212)	(412)	(253)
Net cash provided by (used in) financing activities	(6,353)	383)	1,744)	5,552)	(4,677)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	55)	(138)	(152)	(222)	2)
Net increase (decrease) in cash, cash equivalents and restricted cash	(31)	(1,594)	425)	174)	(553)
Cash, cash equivalents and restricted cash at beginning of period	21,948)	23,542)	23,117)	22,943)	23,496)
Cash, cash equivalents and restricted cash at end of period	21,917)	21,948)	23,542)	23,117)	22,943)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	General Motors Co. net cash provided by operating activities increased from 2021 to 2022 and from 2022 to 2023.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	General Motors Co. net cash used in investing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	General Motors Co. net cash provided by (used in) financing activities decreased from 2021 to 2022 and from 2022 to 2023.

General Motors Co. (NYSE:GM)

Cash Flow Statement