v2.4.0.6
Condensed Consolidated Income Statements (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales and revenue        
Automotive sales and revenue $ 37,127 $ 39,043 $ 74,455 $ 74,942
GM Financial revenue 487 330 918 625
Total net sales and revenue 37,614 39,373 75,373 75,567
Costs and expenses        
Automotive cost of sales 32,678 33,793 65,588 65,478
GM Financial operating and other expenses 268 186 516 351
Automotive selling, general and administrative expense 2,842 2,924 5,815 5,918
Other automotive expenses, net 5 19 20 25
Goodwill impairment charges 0 0 617 395
Total costs and expenses 35,793 36,922 72,556 72,167
Operating income 1,821 2,451 2,817 3,400
Automotive interest expense 118 155 228 304
Interest income and other non-operating income, net 139 308 414 912
Loss on extinguishment of debt 0 10 18 10
Income before income taxes and equity income 1,842 2,594 2,985 3,998
Income tax expense (benefit) 241 (61) 457 76
Equity income, net of tax and gain on disposal of investments 300 382 723 2,526
Net income 1,901 3,037 3,251 6,448
Net income attributable to noncontrolling interests (55) (45) (90) (90)
Net income (loss) attributable to stockholders 1,846 2,992 3,161 6,358
Earnings Per Share, Basic [Member]
       
Costs and expenses        
Net income (loss) attributable to stockholders 1,846 2,992 3,161 6,358
Net income attributable to common stockholders 1,487 2,524 2,491 5,387
Basic Earnings per Share        
Basic earnings per common share $ 0.95 $ 1.68 $ 1.59 $ 3.58
Weighted-average common shares outstanding 1,569 1,505 1,571 1,505
Earnings Per Share, Diluted [Member]
       
Costs and expenses        
Net income (loss) attributable to stockholders $ 1,846 $ 2,992 $ 3,161 $ 6,358
Basic Earnings per Share        
Weighted-average common shares outstanding 1,569 1,505 1,571 1,505
Diluted Earnings per Share        
Diluted earnings per common share $ 0.90 $ 1.54 $ 1.49 $ 3.27
Weighted-average common shares outstanding 1,671 1,654 1,681 1,661