GENERAL MOTORS COMPANY (GM) FY2024 Annual P&L / Income Statement

GENERAL MOTORS COMPANY (GM) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total net sales and revenue (Note 3)

187,442,000,000 US dollars

Cost of revenue (calculated)

151,065,000,000 US dollars

Gross profit (calculated)

36,377,000,000 US dollars

Operating expenses (calculated)

23,593,000,000 US dollars

Operating income (loss)

12,784,000,000 US dollars

Other income (expense), net (calculated)

negative 4,265,000,000 US dollars

Income (loss) before income taxes

8,519,000,000 US dollars

Income tax expense (benefit) (Note 17)

2,556,000,000 US dollars

Net income (loss)

5,963,000,000 US dollars

Automotive net sales and revenue

171,606,000,000 US dollars

Cruise

257,000,000 US dollars

GM Financial

15,875,000,000 US dollars

Automotive and other cost of sales

151,065,000,000 US dollars

GM Financial interest, operating and other expenses

12,972,000,000 US dollars

Automotive and other selling, general and administrative expense

10,621,000,000 US dollars

Revenue before reconciliation (calculated)

187,738,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Eliminations/ Reclassifications

negative 296,000,000 US dollars. Reported reconciliation to consolidated revenue.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
• Of which attributable to GENERAL MOTORS COMPANY: $6.01 B; to noncontrolling interests: −$45.00 M.