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Dec 31, 2022
GM Q4 2022 Earnings Report
GM reported strong Q4 2022 results with increased revenue and earnings.
Key Takeaways
General Motors reported Q4 2022 revenue of $43.1 billion and net income attributable to stockholders of $2.0 billion. The company's full-year revenue was $156.7 billion, with net income attributable to stockholders at $9.9 billion.
Q4 2022 revenue reached $43.1 billion, a 28.4% increase year-over-year.
Net income attributable to stockholders for Q4 2022 was $2.0 billion, up 14.8% from Q4 2021.
Full-year 2022 revenue totaled $156.7 billion.
Full-year 2022 net income attributable to stockholders was $9.9 billion.
Revenue by Segment
Forward Guidance
GM expects its core auto operations to perform at a consistently strong level in 2023, with full-year net income attributable to stockholders of $8.7 billion-$10.1 billion, EBIT-adjusted of $10.5 billion-$12.5 billion, and EPS-diluted and EPS-diluted-adjusted of $6.00-$7.00.
Positive Outlook
- Net income attributable to stockholders of $8.7 billion-$10.1 billion
- EBIT-adjusted of $10.5 billion-$12.5 billion
- EPS-diluted of $6.00-$7.00
- EPS-diluted-adjusted of $6.00-$7.00
- Net automotive cash provided by operating activities of $16.0 billion-$20.0 billion
Challenges Ahead
- We do not consider the potential future impact of adjustments on our expected financial results.
- Less: Capital expenditures 11.0-13.0
- Adjusted automotive free cash flow(a) $ 5.0-7.0
- The ultimate amount of any future charges will depend on negotiations with our dealers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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