General Motors (GM) FY2016 results: revenue $149.2 billion, up 9.9% on the year
General Motors Co. (GM) reported revenue of $149.2 billion for fiscal 2016, the year ended 31 December 2016, up 9.9% on the year before. Net income was $9.4 billion, down 2.7%, and diluted earnings per share $6.00. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2017.
Revenue
$149.2 billion
+9.9% on the year
FY2010FY2016
Operating margin
5.8%
4.1% a year earlier
FY2010FY2016
Net income
$9.4 billion
-2.7% on the year
FY2010FY2016
Diluted EPS
$6.00
+1.5% on the year
FY2010FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
149,184
135,725
155,929
+9.9%
Cost of revenue
121,784
112,995
138,082
+7.8%
Gross profit
27,400
22,730
17,847
+20.5%
Gross margin
18.4%
16.7%
11.4%
Selling, general and administrative
10,345
11,888
12,158
-13.0%
Operating income
8,686
5,538
1,530
+56.8%
Operating margin
5.8%
4.1%
1.0%
Interest expense
2,535
1,883
1,829
+34.6%
Pre-tax income
12,008
8,371
4,246
+43.4%
Income tax
2,739
-1,219
228
Effective tax rate
22.8%
-14.6%
5.4%
Net income
9,427
9,687
3,949
-2.7%
Net margin
6.3%
7.1%
2.5%
Diluted EPS
$6.00
$5.91
$1.65
+1.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
16,607
11,769
10,061
+41.1%
Capital expenditure
8,384
6,813
7,091
+23.1%
Free cash flow
8,223
4,956
2,970
+65.9%
Free cash flow margin
5.5%
3.7%
1.9%
Cash from investing
-35,643
-27,710
n/a
Cash from financing
17,077
13,608
n/a
+25.5%
Depreciation and amortisation
9,686
6,753
n/a
+43.4%
Share-based compensation
627
422
245
+48.6%
Buybacks
2,500
3,520
3,277
-29.0%
Dividends paid
2,368
2,242
1,928
+5.6%
Dividend per share
$1.52
$1.38
$1.20
+10.1%
Diluted shares, weighted
1,570m
1,640m
1,687m
-4.3%
Shares outstanding at period end
1,500m
1,500m
1,600m
0.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
43,836
39,871
35,457
+9.9%
Non-controlling interest
239
452
567
-47.1%
Debt
85,621
63,838
47,540
+34.1%
Other liabilities
91,994
90,359
93,747
+1.8%
Total liabilities and equity
221,690
194,520
177,311
+14.0%
Fixed assets
32,603
31,229
27,743
+4.4%
Goodwill
1,900
n/a
1,427
Intangible assets
4,391
4,576
4,983
-4.0%
Investments
11,841
8,163
9,222
+45.1%
Cash and equivalents
12,574
15,238
18,954
-17.5%
Inventory
11,040
13,764
13,642
-19.8%
Other assets
147,341
121,550
101,340
+21.2%
Total assets
221,690
194,520
177,311
+14.0%
10-K for the year ended 31 December 2016, filed 7 February 2017: the filing.