General Motors 2014 Annual Report Download - page 68

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except per share amounts)
December 31, 2014 December 31, 2013
ASSETS
Current Assets
Cash and cash equivalents ............................................................... $ 18,954 $ 20,021
Marketable securities (Note 4) ............................................................ 9,222 8,972
Restricted cash and marketable securities (Note 4) ............................................ 1,338 1,247
Accounts and notes receivable (net of allowance of $340 and $344; Note 2) ........................ 9,078 8,535
GM Financial receivables, net (Note 5)($11,134 and $10,001 at VIEs; Note 12) ..................... 16,528 14,278
Inventories (Note 6) .................................................................... 13,642 14,039
Equipment on operating leases, net (Note 7) ................................................. 3,564 2,398
Deferred income taxes (Note 18) .......................................................... 9,760 10,349
Other current assets .................................................................... 1,584 1,662
Total current assets ..................................................................... 83,670 81,501
Non-current Assets
Restricted cash and marketable securities (Note 4) ............................................ 935 829
GM Financial receivables, net (Note 5)($11,583 and $11,216 at VIEs; Note 12) ..................... 16,006 14,354
Equity in net assets of nonconsolidated affiliates (Note 8) ...................................... 8,350 8,094
Property, net (Note 9) ................................................................... 27,743 25,867
Goodwill (Note 10) ..................................................................... 1,427 1,560
Intangible assets, net (Note 11) ........................................................... 4,983 5,668
GM Financial equipment on operating leases, net (Note 7)($4,595 and $1,803 at VIEs; Note 12) ....... 7,060 3,383
Deferred income taxes (Note 18) .......................................................... 25,414 22,736
Other assets ........................................................................... 2,089 2,352
Total non-current assets ................................................................. 94,007 84,843
Total Assets ............................................................................ $ 177,677 $ 166,344
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable (principally trade) ....................................................... $ 22,529 $ 23,621
Short-term debt and current portion of long-term debt (Note 14) .................................
Automotive ......................................................................... 500 564
GM Financial ($10,502 and $10,088 at VIEs; Note 12) ...................................... 14,488 13,594
Accrued liabilities (Note 13) ............................................................. 28,184 24,633
Total current liabilities .................................................................. 65,701 62,412
Non-current Liabilities
Long-term debt (Note 14)
Automotive ......................................................................... 8,910 6,573
GM Financial ($12,292 and $9,330 at VIEs; Note 12) ....................................... 22,943 15,452
Postretirement benefits other than pensions (Note 15) .......................................... 6,229 5,897
Pensions (Note 15) ..................................................................... 23,788 19,483
Other liabilities (Note 13) ................................................................ 14,082 13,353
Total non-current liabilities .............................................................. 75,952 60,758
Total Liabilities ......................................................................... 141,653 123,170
Commitments and contingencies (Note 17)
Equity (Note 21)
Series A preferred stock, $0.01 par value .................................................... — 3,109
Common stock, $0.01 par value ........................................................... 16 15
Additional paid-in capital ................................................................ 28,937 28,780
Retained earnings ...................................................................... 14,577 13,816
Accumulated other comprehensive loss ..................................................... (8,073) (3,113)
Total stockholders’ equity ............................................................... 35,457 42,607
Noncontrolling interests ................................................................. 567 567
Total Equity ........................................................................... 36,024 43,174
Total Liabilities and Equity ............................................................... $ 177,677 $ 166,344
Reference should be made to the notes to consolidated financial statements.
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