General Motors (GM) FY2021 results: revenue $127.0 billion, up 3.7% on the year
General Motors Co. (GM) reported revenue of $127.0 billion for fiscal 2021, the year ended 31 December 2021, up 3.7% on the year before. Net income was $10.0 billion, up 55.9%, and diluted earnings per share $6.70. The figures are the company's own, from the 10-K it filed with the SEC on 2 February 2022.
Revenue
$127.0 billion
+3.7% on the year
FY2014FY2021
Operating margin
7.3%
5.4% a year earlier
FY2014FY2021
Net income
$10.0 billion
+55.9% on the year
FY2014FY2021
Diluted EPS
$6.70
+54.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
15,188
16,670
15,021
-8.9%
Capital expenditure
7,509
5,300
7,592
+41.7%
Free cash flow
7,679
11,370
7,429
-32.5%
Free cash flow margin
6.0%
9.3%
5.4%
Cash from investing
-16,355
-21,826
-10,899
Cash from financing
1,744
5,552
-4,677
-68.6%
Depreciation and amortisation
12,047
12,676
14,060
-5.0%
Share-based compensation
391
351
456
+11.4%
Buybacks
0.0
90.0
0.0
Dividends paid
186
669
2,350
-72.2%
Dividend per share
n/a
$0.38
$1.52
Diluted shares, weighted
1,468m
1,442m
1,439m
+1.8%
Shares outstanding at period end
1,500m
1,400m
1,400m
+7.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
59,744
45,030
41,792
+32.7%
Non-controlling interest
6,071
4,647
4,165
+30.6%
Redeemable equity
0.0
0.0
0.0
Debt
109,867
110,024
103,951
-0.1%
Operating lease liabilities
1,012
969
1,010
+4.4%
Other liabilities
68,024
74,524
77,119
-8.7%
Total liabilities and equity
244,718
235,194
228,037
+4.0%
Fixed assets
41,115
37,632
38,750
+9.3%
Goodwill
1,900
1,900
1,900
0.0%
Intangible assets
3,173
3,320
3,478
-4.4%
Investments
8,609
9,046
4,174
-4.8%
Cash and equivalents
20,067
19,992
19,069
+0.4%
Receivables
7,394
8,035
6,797
-8.0%
Inventory
12,988
10,235
10,398
+26.9%
Other assets
149,472
145,034
143,471
+3.1%
Total assets
244,718
235,194
228,037
+4.0%
10-K for the year ended 31 December 2021, filed 2 February 2022: the filing.