General Motors (GM) FY2015 results: revenue $135.7 billion, down 13.0% on the year
General Motors Co. (GM) reported revenue of $135.7 billion for fiscal 2015, the year ended 31 December 2015, down 13.0% on the year before. Net income was $9.7 billion, up 145.3%, and diluted earnings per share $5.91. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2016.
Revenue
$135.7 billion
-13.0% on the year
FY2010FY2015
Operating margin
4.1%
1.0% a year earlier
FY2010FY2015
Net income
$9.7 billion
+145.3% on the year
FY2010FY2015
Diluted EPS
$5.91
+258.2% on the year
FY2010FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
135,725
155,929
155,427
-13.0%
Cost of revenue
112,995
138,082
134,925
-18.2%
Gross profit
22,730
17,847
20,502
+27.4%
Gross margin
16.7%
11.4%
13.2%
Research and development
n/a
n/a
7,200
Selling, general and administrative
11,888
12,158
12,382
-2.2%
Operating income
5,538
1,530
5,131
+262.0%
Operating margin
4.1%
1.0%
3.3%
Interest expense
1,883
1,829
1,049
+3.0%
Pre-tax income
8,371
4,246
7,458
+97.2%
Income tax
-1,219
228
2,127
Effective tax rate
-14.6%
5.4%
28.5%
Net income
9,687
3,949
5,346
+145.3%
Net margin
7.1%
2.5%
3.4%
Diluted EPS
$5.91
$1.65
$2.38
+258.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
11,769
10,061
12,630
+17.0%
Capital expenditure
6,813
7,091
7,565
-3.9%
Free cash flow
4,956
2,970
5,065
+66.9%
Free cash flow margin
3.7%
1.9%
3.3%
Cash from investing
-27,710
n/a
n/a
Cash from financing
13,608
n/a
n/a
Depreciation and amortisation
6,753
n/a
n/a
Share-based compensation
422
245
311
+72.2%
Buybacks
3,520
3,277
n/a
+7.4%
Dividends paid
2,242
1,928
0.0
+16.3%
Dividend per share
$1.38
$1.20
n/a
+15.0%
Diluted shares, weighted
1,640m
1,687m
1,676m
-2.8%
Shares outstanding at period end
1,500m
1,600m
1,500m
-6.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
39,871
35,457
42,607
+12.4%
Non-controlling interest
452
567
567
-20.3%
Debt
63,838
47,540
36,183
+34.3%
Other liabilities
90,359
93,747
86,987
-3.6%
Total liabilities and equity
194,520
177,311
166,344
+9.7%
Fixed assets
31,229
27,743
25,867
+12.6%
Goodwill
n/a
1,427
1,560
Intangible assets
4,576
4,983
5,668
-8.2%
Investments
8,163
9,222
8,972
-11.5%
Cash and equivalents
15,238
18,954
20,021
-19.6%
Inventory
13,764
13,642
14,039
+0.9%
Other assets
121,550
101,340
90,217
+19.9%
Total assets
194,520
177,311
166,344
+9.7%
10-K for the year ended 31 December 2015, filed 3 February 2016: the filing.