General Motors (GM) FY2024 results: revenue $187.4 billion, up 9.1% on the year
General Motors Co. (GM) reported revenue of $187.4 billion for fiscal 2024, the year ended 31 December 2024, up 9.1% on the year before. Net income was $6.0 billion, down 40.7%, and diluted earnings per share $6.37. The figures are the company's own, from the 10-K it filed with the SEC on 28 January 2025.
Revenue
$187.4 billion
+9.1% on the year
FY2017FY2024
Operating margin
6.8%
5.4% a year earlier
FY2017FY2024
Net income
$6.0 billion
-40.7% on the year
FY2017FY2024
Diluted EPS
$6.37
-13.0% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
20,129
20,930
16,043
-3.8%
Capital expenditure
10,830
10,970
9,238
-1.3%
Free cash flow
9,299
9,960
6,805
-6.6%
Free cash flow margin
5.0%
5.8%
4.3%
Cash from investing
-20,517
-14,663
-17,882
Cash from financing
1,938
-6,353
383
Depreciation and amortisation
11,456
11,737
11,276
-2.4%
Share-based compensation
332
340
419
-2.4%
Buybacks
7,064
11,115
2,500
-36.4%
Dividends paid
653
597
397
+9.4%
Dividend per share
$0.48
$0.36
$0.18
+33.3%
Diluted shares, weighted
1,129m
1,369m
1,454m
-17.5%
Shares outstanding at period end
995m
1,200m
1,400m
-17.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
63,072
64,286
67,792
-1.9%
Non-controlling interest
2,518
3,903
4,135
-35.5%
Redeemable equity
0.0
118
357
Debt
131,758
123,494
116,217
+6.7%
Operating lease liabilities
961
907
967
+6.0%
Other liabilities
81,452
80,356
74,569
+1.4%
Total liabilities and equity
279,761
273,064
264,037
+2.5%
Fixed assets
n/a
n/a
45,248
Goodwill
1,900
1,900
1,900
0.0%
Intangible assets
2,649
2,941
3,034
-9.9%
Investments
7,265
7,613
12,150
-4.6%
Cash and equivalents
19,872
18,853
19,153
+5.4%
Receivables
12,827
12,378
13,333
+3.6%
Inventory
14,564
16,461
15,366
-11.5%
Other assets
220,684
212,918
153,853
+3.6%
Total assets
279,761
273,064
264,037
+2.5%
10-K for the year ended 31 December 2024, filed 28 January 2025: the filing.