General Motors 2011 Annual Report Download - page 33

GENERAL MOTORS COMPANY AND SUBSIDIARIES
Changes in Consolidated Financial Condition
(Dollars in Millions, Except Share Amounts)
Successor
December 31,
2011
December 31,
2010
ASSETS
Automotive Current Assets
Cash and cash equivalents ..................................................................................... $ 15,499 $ 21,061
Marketable securities ......................................................................................... 16,148 5,555
Restrictedcashandmarketablesecurities ......................................................................... 206 1,240
Accounts and notes receivable (net of allowance of $331 and $252) .................................................... 9,949 8,699
Inventories ................................................................................................. 14,324 12,125
Equipment on operating leases, net .............................................................................. 2,464 2,568
Other current assets and deferred income taxes ..................................................................... 1,657 1,805
Total current assets ........................................................................................... 60,247 53,053
Automotive Non-current Assets
Restrictedcashandmarketablesecurities ......................................................................... 912 1,160
Equity in net assets of nonconsolidated affiliates .................................................................... 6,790 8,529
Property, net ................................................................................................ 22,957 19,235
Goodwill ................................................................................................... 27,741 30,513
Intangible assets, net .......................................................................................... 10,013 11,882
Other assets and deferred income taxes ........................................................................... 2,900 3,594
Total non-current assets ....................................................................................... 71,313 74,913
Total Automotive Assets ..................................................................................... 131,560 127,966
GM Financial Assets
Finance receivables, net ....................................................................................... 9,162 8,197
Restricted cash .............................................................................................. 1,115 1,090
Goodwill ................................................................................................... 1,278 1,265
Other assets ................................................................................................ 1,488 380
Total GM Financial Assets ................................................................................... 13,043 10,932
Total Assets .................................................................................................. $144,603 $138,898
LIABILITIES AND EQUITY
Automotive Current Liabilities
Accounts payable (principally trade) ............................................................................. $ 24,494 $ 21,497
Short-term debt and current portion of long-term debt ............................................................... 1,682 1,616
Accrued liabilities ............................................................................................ 22,756 24,044
Total current liabilities ........................................................................................ 48,932 47,157
Automotive Non-current Liabilities
Long-term debt .............................................................................................. 3,613 3,014
Postretirement benefits other than pensions ........................................................................ 6,836 9,294
Pensions ................................................................................................... 25,075 21,894
Other liabilities and deferred income taxes ........................................................................ 12,336 13,021
Total non-current liabilities .................................................................................... 47,860 47,223
Total Automotive Liabilities .................................................................................. 96,792 94,380
GM Financial Liabilities
Securitization notes payable .................................................................................... 6,938 6,128
Credit facilities .............................................................................................. 1,099 832
Otherliabilities.............................................................................................. 783 399
Total GM Financial Liabilities ................................................................................ 8,820 7,359
Total Liabilities ............................................................................................... 105,612 101,739
Commitments and contingencies ................................................................................
Equity
Preferred stock, $0.01 par value, 2,000,000,000 shares authorized:
Series A (276,101,695 shares issued and outstanding (each with a $25.00 liquidation preference) at December 31, 2011 and 2010) .... 5,536 5,536
Series B (100,000,000 shares issued and outstanding (each with a $50.00 liquidation preference) at December 31, 2011 and 2010) ..... 4,855 4,855
Common stock, $0.01 par value (5,000,000,000 shares authorized and 1,564,727,289 shares and 1,500,136,998 shares issued and
outstandingatDecember31,2011and2010) ...................................................................... 16 15
Capital surplus (principally additional paid-in capital) ................................................................. 26,391 24,257
Retained earnings .............................................................................................. 7,183 266
Accumulated other comprehensive income (loss) ..................................................................... (5,861) 1,251
Total stockholders’ equity ....................................................................................... 38,120 36,180
Noncontrollinginterests ......................................................................................... 871 979
Total Equity ................................................................................................. 38,991 37,159
Total Liabilities and Equity ..................................................................................... $144,603 $138,898
General Motors Company 2011 Annual Report 31