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Dec 31, 2020

GM Q4 2020 Earnings Report

GM reported strong full-year and fourth-quarter results, despite production interruptions caused by COVID-19 and the impact of the Takata airbag-inflator recall.

Key Takeaways

GM reported strong 2020 full-year and fourth quarter earnings despite production interruptions caused by the COVID-19 pandemic and the impact of the Takata airbag-inflator recall. EPS-diluted and EPS-diluted-adjusted for Q4 include a $0.26 gain from investments in PSA and LMC, and a negative impact of ($0.59) from the Takata Corp. airbag-inflator recall.

EPS-diluted of $1.93, and EPS-diluted-adjusted of $1.93

Fourth-quarter income of $2.8 billion, and EBIT-adjusted of $3.7 billion

Fourth-quarter EBIT-adjusted margin of 9.9 percent

Fourth-quarter automotive operating cash flow of $5.2 billion, and adjusted automotive free cash flow of $3.4 billion

Total Revenue
$37.5B
Previous year: $30.8B
+21.7%
EPS
$2.52
Previous year: $0.05
+4940.0%
Gross Profit
$4.9B
Previous year: $1.73B
+183.4%
Cash and Equivalents
$20B
Previous year: $19.1B
+4.8%
Free Cash Flow
$3.43B
Previous year: $733M
+368.3%
Total Assets
$235B
Previous year: $228B
+3.1%

GM

GM

GM Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the text.

Revenue & Expenses

Visualization of income flow from segment revenue to net income