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Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net sales and revenue      
Automotive $ 108,673 $ 122,697 $ 133,045
Total net sales and revenue (Note 3) 122,485 137,237 147,049
Costs and expenses      
Automotive and other cost of sales 97,539 110,651 120,656
Automotive and other selling, general and administrative expense 7,038 8,491 9,650
Total costs and expenses 115,851 131,756 142,604
Operating income 6,634 5,481 4,445
Total interest expense 4,121 4,423 3,880
Interest income and other non-operating income, net (Note 19) 1,885 1,469 2,596
Equity income (Note 8) 674 1,268 2,163
Income before income taxes 8,095 7,436 8,549
Income tax expense (Note 17) 1,774 769 474
Income from continuing operations 6,321 6,667 8,075
Loss from discontinued operations, net of tax (Note 22) 0 0 70
Net income 6,321 6,667 8,005
Net loss attributable to noncontrolling interests 106 65 9
Net income attributable to stockholders 6,427 6,732 8,014
Net income attributable to common stockholders $ 6,247 $ 6,581 $ 7,916
Earnings per share (Note 21)      
Basic earnings per common share – continuing operations (in dollars per share) $ 4.36 $ 4.62 $ 5.66
Basic loss per common share – discontinued operations (in dollars per share) 0 0 0.05
Basic earnings per common share (in dollars per share) $ 4.36 $ 4.62 $ 5.61
Weighted-average common shares outstanding – basic (in shares) 1,433 1,424 1,411
Diluted earnings per common share – continuing operations (in dollars per share) $ 4.33 $ 4.57 $ 5.58
Diluted loss per common share – discontinued operations (in dollars per share) 0 0 0.05
Diluted earnings per common share (in dollars per share) $ 4.33 $ 4.57 $ 5.53
Weighted-average common shares outstanding – diluted (in shares) 1,442 1,439 1,431
Automotive      
Net sales and revenue      
Automotive $ 108,673 $ 122,697 $ 133,045
Costs and expenses      
Total interest expense 1,098 782 655
GM Financial      
Net sales and revenue      
Total net sales and revenue (Note 3) 13,812 14,540 14,004
Costs and expenses      
GM Financial interest, operating and other expenses $ 11,274 $ 12,614 $ 12,298