General Motors 2012 Annual Report Download - page 75

GENERAL MOTORS COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except share amounts)
December 31, 2012 December 31, 2011
ASSETS
Current Assets
Cash and cash equivalents ................................................................................. $ 18,422 $ 16,071
Marketable securities .................................................................................... 8,988 16,148
Restricted cash and marketable securities ..................................................................... 686 1,005
Accounts and notes receivable (net of allowance of $311 and $331) ................................................ 10,395 9,964
GM Financial finance receivables, net (including gross consumer finance receivables transferred to SPEs of $3,444 and
$3,295) .............................................................................................. 4,044 3,251
Inventories ............................................................................................. 14,714 14,324
Equipment on operating leases, net .......................................................................... 1,782 2,464
Deferred income taxes .................................................................................... 9,429 527
Other current assets ...................................................................................... 1,536 1,169
Total current assets ...................................................................................... 69,996 64,923
Non-current Assets
Restricted cash and marketable securities ..................................................................... 682 1,228
GM Financial finance receivables, net (including gross consumer finance receivables transferred to SPEs of $6,458 and
$5,773) .............................................................................................. 6,954 5,911
Equity in net assets of nonconsolidated affiliates ............................................................... 6,883 6,790
Property, net ........................................................................................... 24,196 23,005
Goodwill .............................................................................................. 1,973 29,019
Intangible assets, net ..................................................................................... 6,809 10,014
GM Financial equipment on operating leases, net (including assets transferred to SPEs of $540 and $274) ................. 1,649 785
Deferred income taxes .................................................................................... 27,922 512
Other assets ............................................................................................ 2,358 2,416
Total non-current assets .................................................................................. 79,426 79,680
Total Assets ............................................................................................. $149,422 $144,603
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable (principally trade) ........................................................................ $ 25,166 $ 24,551
Short-term debt and current portion of long-term debt ...........................................................
Automotive (including certain debt at VIEs of $228 and $171; Note 15) .......................................... 1,748 1,682
GM Financial ......................................................................................... 3,770 4,118
Accrued liabilities (including derivative liabilities at VIEs of $18 and $44; Note 15) .................................. 23,308 22,875
Total current liabilities ................................................................................... 53,992 53,226
Non-current Liabilities
Long-term debt .........................................................................................
Automotive (including certain debt at VIEs of $122 and $7; Note 15) ............................................ 3,424 3,613
GM Financial ......................................................................................... 7,108 4,420
Postretirement benefits other than pensions ................................................................... 7,309 6,836
Pensions ............................................................................................... 27,420 25,075
Other liabilities and deferred income taxes .................................................................... 13,169 12,442
Total non-current liabilities ................................................................................ 58,430 52,386
Total Liabilities .......................................................................................... 112,422 105,612
Commitments and contingencies (Note 20)
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, 2012 and
2011) ............................................................................................... 5,536 5,536
Series B (99,988,796 and 100,000,000 shares issued and outstanding (each with a $50.00 liquidation preference) at
December 31, 2012 and 2011) ........................................................................... 4,855 4,855
Common stock, $0.01 par value (5,000,000,000 shares authorized and 1,366,373,526 shares and 1,564,727,289 shares issued and
outstanding at December 31, 2012 and 2011) .................................................................. 14 16
Capital surplus (principally additional paid-in capital) ............................................................ 23,834 26,391
Retained earnings ......................................................................................... 10,057 7,183
Accumulated other comprehensive loss ........................................................................ (8,052) (5,861)
Total stockholders’ equity ................................................................................... 36,244 38,120
Noncontrolling interests .................................................................................... 756 871
Total Equity ............................................................................................. 37,000 38,991
Total Liabilities and Equity ................................................................................ $149,422 $144,603
Reference should be made to the notes to consolidated financial statements.
General Motors Company 2012 ANNUAL REPORT72