Stock Analysis on Net

General Motors Co. (NYSE:GM)

Analysis of Reportable Segments

Microsoft Excel

Segment Profit Margin

General Motors Co., profit margin by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
GM North America (GMNA) 8.70% 10.12% 10.18% 9.38% 7.71%
GM International (GMI) 7.59% 7.41% 6.79% -4.56% -1.25%
Cruise -2,642.16% -1,852.94% -1,128.30% -861.17% -1,004.00%
GM Financial 20.98% 31.93% 37.53% 19.54% 14.46%

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).

Segment profitability ratio Reportable segment The company
Segment profit margin GM North America (GMNA) GM North America (GMNA) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
GM International (GMI) GM International (GMI) segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Cruise Cruise segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
GM Financial GM Financial segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: GM North America (GMNA)

General Motors Co.; GM North America (GMNA); segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Earnings (loss) before interest and taxes, adjusted 12,306 12,988 10,318 9,071 8,204
Net sales and revenue 141,445 128,378 101,308 96,733 106,366
Segment Profitability Ratio
Segment profit margin1 8.70% 10.12% 10.18% 9.38% 7.71%

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).

1 2023 Calculation
Segment profit margin = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Net sales and revenue
= 100 × 12,306 ÷ 141,445 = 8.70%

Segment profitability ratio Reportable segment The company
Segment profit margin GM North America (GMNA) GM North America (GMNA) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: GM International (GMI)

General Motors Co.; GM International (GMI); segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Earnings (loss) before interest and taxes, adjusted 1,210 1,143 827 (528) (202)
Net sales and revenue 15,949 15,420 12,172 11,586 16,111
Segment Profitability Ratio
Segment profit margin1 7.59% 7.41% 6.79% -4.56% -1.25%

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).

1 2023 Calculation
Segment profit margin = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Net sales and revenue
= 100 × 1,210 ÷ 15,949 = 7.59%

Segment profitability ratio Reportable segment The company
Segment profit margin GM International (GMI) GM International (GMI) segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: Cruise

General Motors Co.; Cruise; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Earnings (loss) before interest and taxes, adjusted (2,695) (1,890) (1,196) (887) (1,004)
Net sales and revenue 102 102 106 103 100
Segment Profitability Ratio
Segment profit margin1 -2,642.16% -1,852.94% -1,128.30% -861.17% -1,004.00%

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).

1 2023 Calculation
Segment profit margin = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Net sales and revenue
= 100 × -2,695 ÷ 102 = -2,642.16%

Segment profitability ratio Reportable segment The company
Segment profit margin Cruise Cruise segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Profit Margin: GM Financial

General Motors Co.; GM Financial; segment profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Earnings (loss) before interest and taxes, adjusted 2,985 4,076 5,036 2,702 2,104
Net sales and revenue 14,225 12,766 13,419 13,831 14,554
Segment Profitability Ratio
Segment profit margin1 20.98% 31.93% 37.53% 19.54% 14.46%

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).

1 2023 Calculation
Segment profit margin = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Net sales and revenue
= 100 × 2,985 ÷ 14,225 = 20.98%

Segment profitability ratio Reportable segment The company
Segment profit margin GM Financial GM Financial segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Return on Assets (Segment ROA)

General Motors Co., ROA by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
GM North America (GMNA) 7.89% 8.26% 8.48% 7.95% 7.51%
GM International (GMI) 4.61% 4.61% 3.62% -2.29% -0.81%
Cruise -59.17% -34.30% -26.64% -24.47% -23.74%
GM Financial 2.28% 3.35% 4.45% 2.38% 1.93%

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).

Segment profitability ratio Reportable segment The company
Segment ROA GM North America (GMNA) GM North America (GMNA) segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.
GM International (GMI) GM International (GMI) segment ROA improved from 2021 to 2022 and from 2022 to 2023.
Cruise Cruise segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.
GM Financial GM Financial segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment ROA: GM North America (GMNA)

General Motors Co.; GM North America (GMNA); segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Earnings (loss) before interest and taxes, adjusted 12,306 12,988 10,318 9,071 8,204
Total assets 155,908 157,250 121,735 114,137 109,290
Segment Profitability Ratio
Segment ROA1 7.89% 8.26% 8.48% 7.95% 7.51%

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).

1 2023 Calculation
Segment ROA = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Total assets
= 100 × 12,306 ÷ 155,908 = 7.89%

Segment profitability ratio Reportable segment The company
Segment ROA GM North America (GMNA) GM North America (GMNA) segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment ROA: GM International (GMI)

General Motors Co.; GM International (GMI); segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Earnings (loss) before interest and taxes, adjusted 1,210 1,143 827 (528) (202)
Total assets 26,225 24,808 22,876 23,019 24,969
Segment Profitability Ratio
Segment ROA1 4.61% 4.61% 3.62% -2.29% -0.81%

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).

1 2023 Calculation
Segment ROA = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Total assets
= 100 × 1,210 ÷ 26,225 = 4.61%

Segment profitability ratio Reportable segment The company
Segment ROA GM International (GMI) GM International (GMI) segment ROA improved from 2021 to 2022 and from 2022 to 2023.

Segment ROA: Cruise

General Motors Co.; Cruise; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Earnings (loss) before interest and taxes, adjusted (2,695) (1,890) (1,196) (887) (1,004)
Total assets 4,555 5,510 4,489 3,625 4,230
Segment Profitability Ratio
Segment ROA1 -59.17% -34.30% -26.64% -24.47% -23.74%

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).

1 2023 Calculation
Segment ROA = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Total assets
= 100 × -2,695 ÷ 4,555 = -59.17%

Segment profitability ratio Reportable segment The company
Segment ROA Cruise Cruise segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment ROA: GM Financial

General Motors Co.; GM Financial; segment ROA calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Earnings (loss) before interest and taxes, adjusted 2,985 4,076 5,036 2,702 2,104
Total assets 130,780 121,544 113,207 113,410 108,881
Segment Profitability Ratio
Segment ROA1 2.28% 3.35% 4.45% 2.38% 1.93%

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).

1 2023 Calculation
Segment ROA = 100 × Earnings (loss) before interest and taxes, adjusted ÷ Total assets
= 100 × 2,985 ÷ 130,780 = 2.28%

Segment profitability ratio Reportable segment The company
Segment ROA GM Financial GM Financial segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Asset Turnover

General Motors Co., asset turnover by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
GM North America (GMNA) 0.91 0.82 0.83 0.85 0.97
GM International (GMI) 0.61 0.62 0.53 0.50 0.65
Cruise 0.02 0.02 0.02 0.03 0.02
GM Financial 0.11 0.11 0.12 0.12 0.13

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).

Segment activity ratio Reportable segment The company
Segment asset turnover GM North America (GMNA) GM North America (GMNA) segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
GM International (GMI) GM International (GMI) segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Cruise Cruise segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
GM Financial GM Financial segment asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Segment Asset Turnover: GM North America (GMNA)

General Motors Co.; GM North America (GMNA); segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net sales and revenue 141,445 128,378 101,308 96,733 106,366
Total assets 155,908 157,250 121,735 114,137 109,290
Segment Activity Ratio
Segment asset turnover1 0.91 0.82 0.83 0.85 0.97

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).

1 2023 Calculation
Segment asset turnover = Net sales and revenue ÷ Total assets
= 141,445 ÷ 155,908 = 0.91

Segment activity ratio Reportable segment The company
Segment asset turnover GM North America (GMNA) GM North America (GMNA) segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Segment Asset Turnover: GM International (GMI)

General Motors Co.; GM International (GMI); segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net sales and revenue 15,949 15,420 12,172 11,586 16,111
Total assets 26,225 24,808 22,876 23,019 24,969
Segment Activity Ratio
Segment asset turnover1 0.61 0.62 0.53 0.50 0.65

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).

1 2023 Calculation
Segment asset turnover = Net sales and revenue ÷ Total assets
= 15,949 ÷ 26,225 = 0.61

Segment activity ratio Reportable segment The company
Segment asset turnover GM International (GMI) GM International (GMI) segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Segment Asset Turnover: Cruise

General Motors Co.; Cruise; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net sales and revenue 102 102 106 103 100
Total assets 4,555 5,510 4,489 3,625 4,230
Segment Activity Ratio
Segment asset turnover1 0.02 0.02 0.02 0.03 0.02

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).

1 2023 Calculation
Segment asset turnover = Net sales and revenue ÷ Total assets
= 102 ÷ 4,555 = 0.02

Segment activity ratio Reportable segment The company
Segment asset turnover Cruise Cruise segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Segment Asset Turnover: GM Financial

General Motors Co.; GM Financial; segment asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net sales and revenue 14,225 12,766 13,419 13,831 14,554
Total assets 130,780 121,544 113,207 113,410 108,881
Segment Activity Ratio
Segment asset turnover1 0.11 0.11 0.12 0.12 0.13

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).

1 2023 Calculation
Segment asset turnover = Net sales and revenue ÷ Total assets
= 14,225 ÷ 130,780 = 0.11

Segment activity ratio Reportable segment The company
Segment asset turnover GM Financial GM Financial segment asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Segment Capital Expenditures to Depreciation

General Motors Co., capital expenditures to depreciation by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
GM North America (GMNA) 1.65 1.43 1.24 0.95 1.03
GM International (GMI) 0.89 1.38 1.44 1.17 2.06
Cruise 1.66 3.72 1.71 0.35 2.86
GM Financial 0.00 0.01 0.00 0.00 0.01

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).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation GM North America (GMNA) GM North America (GMNA) segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.
GM International (GMI) GM International (GMI) segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cruise Cruise segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
GM Financial GM Financial segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Segment Capital Expenditures to Depreciation: GM North America (GMNA)

General Motors Co.; GM North America (GMNA); segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Expenditures for property 10,147 8,280 6,576 4,501 6,305
Depreciation and amortization 6,146 5,800 5,298 4,739 6,112
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.65 1.43 1.24 0.95 1.03

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).

1 2023 Calculation
Segment capital expenditures to depreciation = Expenditures for property ÷ Depreciation and amortization
= 10,147 ÷ 6,146 = 1.65

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation GM North America (GMNA) GM North America (GMNA) segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: GM International (GMI)

General Motors Co.; GM International (GMI); segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Expenditures for property 522 706 783 729 1,096
Depreciation and amortization 589 513 542 624 533
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.89 1.38 1.44 1.17 2.06

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).

1 2023 Calculation
Segment capital expenditures to depreciation = Expenditures for property ÷ Depreciation and amortization
= 522 ÷ 589 = 0.89

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation GM International (GMI) GM International (GMI) segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Segment Capital Expenditures to Depreciation: Cruise

General Motors Co.; Cruise; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Expenditures for property 63 197 89 15 60
Depreciation and amortization 38 53 52 43 21
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.66 3.72 1.71 0.35 2.86

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).

1 2023 Calculation
Segment capital expenditures to depreciation = Expenditures for property ÷ Depreciation and amortization
= 63 ÷ 38 = 1.66

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Cruise Cruise segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Segment Capital Expenditures to Depreciation: GM Financial

General Motors Co.; GM Financial; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Expenditures for property 24 44 26 34 47
Depreciation and amortization 4,944 4,888 6,134 7,245 7,350
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.00 0.01 0.00 0.00 0.01

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).

1 2023 Calculation
Segment capital expenditures to depreciation = Expenditures for property ÷ Depreciation and amortization
= 24 ÷ 4,944 = 0.00

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation GM Financial GM Financial segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Net sales and revenue

General Motors Co., net sales and revenue by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
GM North America (GMNA) 141,445 128,378 101,308 96,733 106,366
GM International (GMI) 15,949 15,420 12,172 11,586 16,111
Corporate 273 176 104 350 220
Automotive 157,667 143,974 113,584 108,669 122,697
Cruise 102 102 106 103 100
GM Financial 14,225 12,766 13,419 13,831 14,554
Eliminations/Reclassifications (152) (107) (105) (118) (114)
Total 171,842 156,735 127,004 122,485 137,237

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).


Earnings (loss) before interest and taxes, adjusted

General Motors Co., earnings (loss) before interest and taxes, adjusted by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
GM North America (GMNA) 12,306 12,988 10,318 9,071 8,204
GM International (GMI) 1,210 1,143 827 (528) (202)
Corporate (1,413) (1,845) (680) (634) (691)
Automotive 12,103 12,286 10,465 7,909 7,311
Cruise (2,695) (1,890) (1,196) (887) (1,004)
GM Financial 2,985 4,076 5,036 2,702 2,104
Eliminations/Reclassifications (36) 2 (10) (14) (18)
Total 12,357 14,474 14,295 9,710 8,393

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).


Total assets

General Motors Co., total assets by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
GM North America (GMNA) 155,908 157,250 121,735 114,137 109,290
GM International (GMI) 26,225 24,808 22,876 23,019 24,969
Corporate 41,271 60,518 40,492 39,933 32,365
Eliminations (82,858) (104,157) (56,936) (57,464) (50,244)
Automotive 140,546 138,419 128,167 119,625 116,380
Cruise 4,555 5,510 4,489 3,625 4,230
GM Financial 130,780 121,544 113,207 113,410 108,881
Eliminations/Reclassifications (2,817) (1,436) (1,145) (1,466) (1,454)
Total 273,064 264,037 244,718 235,194 228,037

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).


Expenditures for property

General Motors Co., expenditures for property by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
GM North America (GMNA) 10,147 8,280 6,576 4,501 6,305
GM International (GMI) 522 706 783 729 1,096
Corporate 15 21 30 21 84
Automotive 10,684 9,007 7,389 5,251 7,485
Cruise 63 197 89 15 60
GM Financial 24 44 26 34 47
Eliminations/Reclassifications 199 (10) 5
Total 10,970 9,238 7,509 5,300 7,592

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).


Depreciation and amortization

General Motors Co., depreciation and amortization by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
GM North America (GMNA) 6,146 5,800 5,298 4,739 6,112
GM International (GMI) 589 513 542 624 533
Corporate 21 22 21 25 46
Eliminations (1) (2)
Automotive 6,755 6,335 5,861 5,388 6,689
Cruise 38 53 52 43 21
GM Financial 4,944 4,888 6,134 7,245 7,350
Total 11,737 11,276 12,047 12,676 14,060

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).