General Motors 2013 Annual Report Download - page 56

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Financial Statements and Supplementary Data
GENERAL MOTORS COMPANY AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENTS
(In millions, except per share amounts)
Years Ended December 31,
2013 2012 2011
Net sales and revenue
Automotive ............................................................. $ 152,092 $ 150,295 $ 148,866
GM Financial ............................................................ 3,335 1,961 1,410
Total ................................................................... 155,427 152,256 150,276
Costs and expenses
Automotive cost of sales ................................................... 134,925 140,236 130,386
GM Financial operating and other expenses .................................... 2,448 1,207 785
Automotive selling, general and administrative expense .......................... 12,382 14,031 12,163
Goodwill impairment charges (Note 10) ....................................... 541 27,145 1,286
Total costs and expenses ................................................... 150,296 182,619 144,620
Operating income (loss) .................................................. 5,131 (30,363) 5,656
Automotive interest expense .................................................. 334 489 540
Interest income and other non-operating income, net (Note 20) ....................... 1,063 845 851
Gain (loss) on extinguishment of debt (Note 14) .................................. (212) (250) 18
Equity income and gain on investments (Note 8) .................................. 1,810 1,562 3,192
Income (loss) before income taxes ............................................. 7,458 (28,695) 9,177
Income tax expense (benefit) (Note 18) ......................................... 2,127 (34,831) (110)
Net income ............................................................... 5,331 6,136 9,287
Net (income) loss attributable to noncontrolling interests ............................ 15 52 (97)
Net income attributable to stockholders ....................................... $ 5,346 $ 6,188 $ 9,190
Net income attributable to common stockholders ............................... $ 3,770 $ 4,859 $ 7,585
Earnings per share (Note 22)
Basic
Basic earnings per common share ............................................ $ 2.71 $ 3.10 $ 4.94
Weighted-average common shares outstanding ................................. 1,393 1,566 1,536
Diluted
Diluted earnings per common share .......................................... $ 2.38 $ 2.92 $ 4.58
Weighted-average common shares outstanding ................................. 1,676 1,675 1,668
Reference should be made to the notes to consolidated financial statements.
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2013 ANNUAL REPORT