General Motors 2014 Annual Report Download - page 130

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The following tables summarize key financial information by segment (dollars in millions):
At and For the Year Ended December 31, 2014
GMNA GME GMIO GMSA Corporate Eliminations
Total
Automotive
GM
Financial Eliminations Total
Sales
External customers .......... $ 101,199 $ 22,235 $ 14,392 $ 13,115 $ 151 $ 151,092 $ — $ — $ 151,092
GM Financial revenue ........ ————— —4,854 (17) 4,837
Total net sales and revenue .... $ 101,199 $ 22,235 $ 14,392 $ 13,115 $ 151 $ 151,092 $ 4,854 $ (17) $ 155,929
Income (loss) before interest
and taxes-adjusted ......... $ 6,603 $ (1,369) $ 1,222 $ (180) $ (580) $ 5,696 $ 803 $ (5) $ 6,494
Adjustments (a) ............. $ (975) $ (245) $ (180) $ (539) $ (400) $ (2,339) $ 12 $ — (2,327)
Automotive interest income . . . 211
Automotive interest expense . . . (403)
Gain on extinguishment of
debt .................... 202
Net income attributable to
noncontrolling interests ..... 69
Income before income taxes . . . $ 4,246
Equity in net assets of
nonconsolidated affiliates . . . $ 88 $ 6 $ 8,254 $ 2 $ — $ — $ 8,350 $ — $ — $ 8,350
Total assets ................ $ 92,864 $ 10,528 $ 22,949 $ 10,066 $ 24,368 $ (29,041) $ 131,734 $ 47,861 $ (1,918) $ 177,677
Expenditures for property ..... $ 4,985 $ 887 $ 681 $ 359 $ 127 $ — $ 7,039 $ 52 $ — $ 7,091
Depreciation, amortization and
impairment of long-lived
assets and finite-lived
intangible assets ........... $ 4,376 $ 627 $ 740 $ 386 $ 75 $ (4) $ 6,200 $ 918 $ — $ 7,118
Equity income (loss) ......... $ 19 $ (45) $ 2,120 $ — $ — $ — $ 2,094 $ — $ — $ 2,094
(a) Consists of a catch-up adjustment related to the change in estimate for recall campaigns of $874 million and charges related to flood damage, net of insurance
recoveries, of $101 million in GMNA; asset impairment charges of $245 million related to our Russian subsidiaries in GME; asset impairment charges of $158
million related to our Thailand subsidiary in GMIO; Venezuela currency devaluation charges of $419 million and Goodwill impairment charges of $120 million in
GMSA; a charge related to the ignition switch recall compensation program of $400 million in Corporate; and other of $10 million.
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