General Motors 2014 Annual Report Download - page 131

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
At and For the Year Ended December 31, 2013
GMNA GME GMIO GMSA Corporate Eliminations
Total
Automotive
GM
Financial Eliminations Total
Sales
External customers ........... $ 95,091 $ 21,962 $ 18,411 $ 16,478 $ 150 $ 152,092 $ — $ — $ 152,092
GM Financial revenue ......... ————— —3,344 (9) 3,335
Intersegment ................ 8———— 8— (8) —
Total net sales and revenue ..... $ 95,099 $ 21,962 $ 18,411 $ 16,478 $ 150 $ 152,100 $ 3,344 $ (17) $ 155,427
Income (loss) before interest and
taxes-adjusted ............. $ 7,461 $ (869) $ 1,255 $ 327 $ (494) $ 7,680 $ 898 $ — $ 8,578
Adjustments (a) .............. $ (100) $ 153 $ (1,169) $ (157) $ 483 $ (790) $ (15) $ — (805)
Automotive interest income .... 246
Automotive interest expense .... (334)
Loss on extinguishment of
debt ..................... (212)
Net loss attributable to
noncontrolling interests ...... (15)
Income before income taxes .... $ 7,458
Equity in net assets of
nonconsolidated affiliates .... $ 74 $ 95 $ 7,921 $ 4 $ — $ — $ 8,094 $ — $ — $ 8,094
Total assets ................. $ 87,978 $ 11,276 $ 22,100 $ 11,488 $ 26,460 $ (29,252) $ 130,050 $ 38,084 $ (1,790) $ 166,344
Expenditures for property ...... $ 5,466 $ 818 $ 724 $ 444 $ 92 $ 5 $ 7,549 $ 16 $ — $ 7,565
Depreciation, amortization and
impairment of long-lived
assets and finite-lived
intangible assets ............ $ 4,216 $ 426 $ 1,786 $ 522 $ 63 $ (1) $ 7,012 $ 498 $ (10) $ 7,500
Equity income ............... $ 15 $ 34 $ 1,760 $ 1 $ — $ — $ 1,810 $ — $ — $ 1,810
(a) Consists of pension settlement charges of $56 million and charges related to PSA product development agreement of $49 million in GMNA; gain on sale of equity
investment in PSA of $152 million in GME; property and intangible asset impairment charges of $774 million, costs related to the withdrawal of the Chevrolet
brand in Europe of $621 million and goodwill impairment charges of $442 million, partially offset by GM Korea hourly wage litigation of $577 million and
acquisition of GM Korea preferred shares of $67 million in GMIO, all net of noncontrolling interests; Venezuela currency devaluation charges of $162 million in
GMSA; gain on sale of equity investment in Ally Financial of $483 million in Corporate; costs related to the withdrawal of the Chevrolet brand in Europe of $15
million in GM Financial; and income related to various insurance recoveries of $35 million.
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