General Motors 2012 Annual Report Download - page 73
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GENERAL MOTORS COMPANY AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENTS
(In millions, except per share amounts)
Years Ended December 31,
2012 2011 2010
Net sales and revenue
Automotive sales and revenue ..................................................... $150,295 $148,866 $135,311
GM Financial revenue ........................................................... 1,961 1,410 281
Total net sales and revenue ....................................................... 152,256 150,276 135,592
Costs and expenses
Automotive cost of sales ......................................................... 140,236 130,386 118,768
GM Financial operating and other expenses .......................................... 1,207 785 152
Automotive selling, general and administrative expense ................................ 13,593 12,105 11,446
Other automotive expenses, net .................................................... 438 58 118
Goodwill impairment charges ..................................................... 27,145 1,286 —
Total costs and expenses ......................................................... 182,619 144,620 130,484
Operating income (loss) ........................................................ (30,363) 5,656 5,108
Automotive interest expense ........................................................ 489 540 1,098
Interest income and other non-operating income, net ..................................... 845 851 1,531
Gains (losses) on extinguishment of debt .............................................. (250) 18 196
Income (loss) before income taxes and equity income .................................... (30,257) 5,985 5,737
Income tax expense (benefit) ........................................................ (34,831) (110) 672
Equity income, net of tax and gain on investments ....................................... 1,562 3,192 1,438
Net income 6,136 9,287 6,503
Net (income) loss attributable to noncontrolling interests .................................. 52 (97) (331)
Net income attributable to stockholders ............................................. $ 6,188 $ 9,190 $ 6,172
Net income attributable to common stockholders ..................................... $ 4,859 $ 7,585 $ 4,668
Earnings per share (Note 25)
Basic
Basic earnings per common share .................................................. $ 3.10 $ 4.94 $ 3.11
Weighted-average common shares outstanding ....................................... 1,566 1,536 1,500
Diluted
Diluted earnings per common share ................................................ $ 2.92 $ 4.58 $ 2.89
Weighted-average common shares outstanding ....................................... 1,675 1,668 1,624
Reference should be made to the notes to consolidated financial statements.
General Motors Company 2012 ANNUAL REPORT70