General Motors 2013 Annual Report Download - page 29

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
Year Ended December 31, 2012
GMNA GME GMIO GMSA Corporate Total
Goodwill impairment charges ................................ $ (26,399) $ (590) $ (132) $ — $ — $ (27,121)
Impairment charges of property ............................... — (3,714) — — — (3,714)
Pension settlement charges ................................... (2,662) — — — — (2,662)
Impairment charges of intangible assets ......................... — (1,755) — — — (1,755)
Premium paid to purchase our common stock from the UST ........ — — — — (402) (402)
GM Korea wage litigation accrual ............................. — — (336) — — (336)
Impairment charge related to investment in PSA .................. — (220) — — — (220)
Income related to insurance recoveries ......................... 9 7 112 27 — 155
Charge to record GMS assets and liabilities to estimated fair value . . . — (119) — — — (119)
Noncontrolling interests related to redemption of the GM Korea
mandatorily redeemable preferred shares ...................... — — 68 — — 68
Total adjustments to automotive EBIT .......................... $ (29,052) $ (6,391) $ (288) $ 27 $ (402) $ (36,106)
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 GM India ................................. — — (106) — — (106)
Gain on extinguishment of debt ............................... — — — 63 — 63
Total adjustments to automotive EBIT .......................... $ 2,394 $ (1,016) $ (364) $ 63 $ (216) $ 861
GM North America
Years Ended December 31,
Year Ended
2013 vs. 2012 Change Variance Due To
2013 2012
Favorable/
(Unfavorable) % Volume Mix Price Other Total
(Dollars in millions) (Dollars in billions)
Total net sales and revenue ..... $ 95,099 $ 89,910 $ 5,189 5.8% $ 1.7 $ 1.3 $ 1.9 $ 0.3 $ 5.2
EBIT-adjusted ............... $ 7,461 $ 6,470 $ 991 15.3% $ 0.5 $ — $ 1.9 $ (1.4) $ 1.0
(Vehicles in thousands)
Wholesale vehicle sales ........ 3,276 3,207 69 2.2%
Years Ended December 31,
Year Ended
2012 vs. 2011 Change Variance Due To
2012 2011
Favorable/
(Unfavorable) % Volume Mix Price Other Total
(Dollars in millions) (Dollars in billions)
Total net sales and revenue ..... $ 89,910 $ 85,991 $ 3,919 4.6% $ 3.8 $ 0.7 $ 0.5 $ (1.1) $ 3.9
EBIT-adjusted ............... $ 6,470 $ 6,779 $ (309) (4.6)% $ 1.1 $ (0.6) $ 0.5 $ (1.3) $ (0.3)
(Vehicles in thousands)
Wholesale vehicle sales ........ 3,207 3,053 154 5.0%
GMNA Total Net Sales and Revenue
In the year ended December 31, 2013 Total net sales and revenue increased due primarily to: (1) favorable vehicle pricing related to
recent vehicle launches such as Chevrolet Silverado and GMC Sierra; (2) increased wholesale volumes due to increased industry
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