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GENERAL MOTORS COMPANY AND SUBSIDIARIES
Selected Financial Data
Pursuant to the agreement with the Securities and Exchange Commission (SEC), as described in a no-action letter issued to Old GM
by the SEC Staff on July 9, 2009 regarding our filing requirements, the selected financial data below includes the selected financial
data of Old GM as it is the Predecessor entity solely for accounting and financial reporting purposes. At July 10, 2009 we applied
fresh-start reporting following the guidance in Accounting Standards Codification (ASC) 852, “Reorganizations”. The consolidated
financial statements for the periods ended on or before July 9, 2009 do not include the effect of any changes in the fair value of assets
or liabilities as a result of the application of fresh-start reporting. Our financial information at and for any period after July 10, 2009 is
not comparable to Old GM’s financial information. Selected financial data is summarized in the following table (dollars in millions
except per share amounts):
Successor Predecessor
Years Ended December 31,
July 10, 2009
Through
December 31,
2009
January 1, 2009
Through
July 9, 20092013 2012 2011 2010
Income Statement Data:
Total net sales and revenue (a) ..................... $ 155,427 $ 152,256 $ 150,276 $ 135,592 $ 57,474 $ 47,115
Reorganization gains, net (b) ....................... $ — $ — $ — $ — $ — $ 128,155
Income (loss) from continuing operations ............. $ 5,331 $ 6,136 $ 9,287 $ 6,503 $ (3,786) $ 109,003
Net (income) loss attributable to noncontrolling
interests ..................................... 15 52 (97) (331) (511) 115
Net income (loss) attributable to stockholders (c) ....... $ 5,346 $ 6,188 $ 9,190 $ 6,172 $ (4,297) $ 109,118
Net income (loss) attributable to common
stockholders .................................. $ 3,770 $ 4,859 $ 7,585 $ 4,668 $ (4,428) $ 109,118
Basic earnings (loss) per common share (d) ........... $ 2.71 $ 3.10 $ 4.94 $ 3.11 $ (3.58) $ 178.63
Diluted earnings (loss) per common share (d) ......... $ 2.38 $ 2.92 $ 4.58 $ 2.89 $ (3.58) $ 178.55
Balance Sheet Data (as of period end):
Total assets (a) .................................. $ 166,344 $ 149,422 $ 144,603 $ 138,898 $ 136,295
Automotive notes and loans payable (e) .............. $ 7,137 $ 5,172 $ 5,295 $ 4,630 $ 15,783
GM Financial notes and loans payable (a) ............ $ 29,046 $ 10,878 $ 8,538 $ 7,032
Series A Preferred Stock (f) ........................ $ 3,109 $ 5,536 $ 5,536 $ 5,536 $ 6,998
Series B Preferred Stock (g) ....................... $ — $ 4,855 $ 4,855 $ 4,855
Equity (h) ...................................... $ 43,174 $ 37,000 $ 38,991 $ 37,159 $ 21,957
(a) General Motors Financial Company, Inc (GM Financial) was consolidated effective October 1, 2010. GM Financial acquired Ally Financial,
Inc’s (Ally Financial) international operations in Europe and Latin America in the year ended December 31, 2013.
(b) In the period January 1, 2009 through July 9, 2009 Old GM recorded Reorganization gains, net of $128.2 billion directly associated with filing
of certain of its direct and indirect subsidiaries voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S.
Bankruptcy Court for the Southern District of New York, a Section 363 sale under Chapter 11 of the U.S. Bankruptcy Code (363 Sale) of Old
GM and certain of its direct and indirect subsidiaries and the application of fresh-start reporting.
(c) In the year ended December 31, 2012 we recorded Goodwill impairment charges of $27.1 billion, the reversal of deferred tax valuation
allowances of $36.3 billion in the U.S. and Canada, pension settlement charges of $2.7 billion and GM Europe (GME) long-lived asset
impairment charges of $5.5 billion.
(d) In the years ended December 31, 2012 and 2011 we used the two-class method for calculating earnings per share as the Series B Preferred Stock
was a participating security due to the applicable market value of our common stock being below $33.00 per common share. Refer to Note 22 to
our consolidated financial statements for additional detail.
(e) In December 2010 GM Korea Company (GM Korea) terminated its $1.2 billion credit facility following the repayment of the remaining $1.0
billion under the facility.
(f) In September 2013 we purchased 120 million shares of our Series A Preferred Stock held by the UAW Retiree Medical Benefits Trust (New
VEBA) for $3.2 billion. In December 2010 we purchased 84 million shares from the UST for $2.1 billion.
16
2013 ANNUAL REPORT