General Motors 2012 Annual Report Download - page 32

GENERAL MOTORS COMPANY AND SUBSIDIARIES
Year Ended December 31, 2011
GMNA GME GMIO GMSA Corporate Total
Gain on sale of our New Delphi Class A Membership Interests ........... $1,645 $ — $ — $— $ — $ 1,645
Goodwill impairment charges ..................................... — (1,016) (258) — — (1,274)
Gain related to HCT settlement .................................... 749 — — — — 749
Impairment related to Ally Financial common stock ................... — — — — (555) (555)
Gain on sale of Ally Financial preferred stock ........................ — — — — 339 339
Charges related to HKJV ......................................... — — (106) — — (106)
Gain on extinguishment of debt .................................... — — — 63 — 63
Total adjustments to EBIT ........................................ $2,394 $(1,016) $(364) $63 $(216) $ 861
Year Ended December 31, 2010
GMNA GME GMIO GMSA Corporate Total
Gain on extinguishment of VEBA Note ............................. $ — $ — $ — $— $198 $ 198
Gain on sale of Saab ............................................. — 123 — — — 123
Gain on acquisition of GMS ...................................... — 66 — — — 66
Gain on sale of Nexteer Automotive Corporation (Nexteer) .............. 60 — — — — 60
Total adjustments to EBIT ........................................ $ 60 $ 189 $ — $— $198 $ 447
Total Net Sales and Revenue
(Dollars in Millions)
Years Ended December 31,
Year Ended
2012 vs. 2011 Change
Year Ended
2011 vs. 2010 Change
2012 2011 2010 Amount % Amount %
GMNA ............................... $ 94,595 $ 90,233 $ 83,035 $ 4,362 4.8% $ 7,198 8.7%
GME ................................ 22,050 26,757 24,076 (4,707) (17.6)% 2,681 11.1%
GMIO ............................... 27,690 24,761 20,561 2,929 11.8% 4,200 20.4%
GMSA ............................... 16,950 16,877 15,379 73 0.4% 1,498 9.7%
GM Financial ......................... 1,961 1,410 281 551 39.1% 1,129 n.m.
Total operating segments ................ 163,246 160,038 143,332 3,208 2.0% 16,706 11.7%
Corporate and eliminations ............... (10,990) (9,762) (7,740) (1,228) (12.6)% (2,022) 26.1%
Total net sales and revenue ............... $152,256 $150,276 $135,592 $ 1,980 1.3% $14,684 10.8%
n.m. = not meaningful
In the year ended December 31, 2012 Total net sales and revenue increased by $2.0 billion (or 1.3%) due primarily to: (1) favorable
vehicle mix of $3.7 billion; (2) favorable vehicle pricing effect of $1.6 billion; (3) increased wholesale volumes of $1.5 billion;
(4) increased GM Financial finance income of $0.6 billion; partially offset by (5) unfavorable net foreign currency effect of
$3.7 billion due to the weakening of certain currencies against the U.S. Dollar; (6) decreased revenues from powertrain and parts sales
of $0.7 billion due to decreased volumes; (7) reduction in favorable lease residual adjustments of $0.5 billion; (8) decreased revenues
from rental car leases of $0.2 billion; and (9) decreased revenues due to the deconsolidation of VM Motori (VMM) in June 2011 of
$0.1 billion.
In the year ended December 31, 2011 Total net sales and revenue increased by $14.7 billion (or 10.8%) due primarily to:
(1) increased wholesale volumes of $8.6 billion representing 403,000 vehicles; (2) favorable net foreign currency effect of $2.6 billion
due to the strengthening of certain currencies against the U.S. Dollar; (3) favorable vehicle pricing effect of $1.6 billion due to model
year price increases and reduced sales allowances; (4) increased finance income of $1.1 billion due to the acquisition of GM
General Motors Company 2012 ANNUAL REPORT 29