General Motors 2015 Annual Report Download - page 2
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Item 1. Business 1
Item 1A. Risk Factors 12
Item 1B. Unresolved Staff Comments 18
Item 2. Properties 18
Item 3. Legal Proceedings 18
Item 4. Mine Safety Disclosures 18
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 19
Item 6. Selected Financial Data 19
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 20
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 45
Item 8. Financial Statements and Supplementary Data 52
Consolidated Income Statements 52
Consolidated Statements of Comprehensive Income 53
Consolidated Balance Sheets 54
Consolidated Statements of Cash Flows 55
Consolidated Statements of Equity 56
Notes to Consolidated Financial Statements 57
Note 1. Nature of Operations and Basis of Presentation 57
Note 2. Significant Accounting Policies 57
Note 3. Marketable Securities 64
Note 4. GM Financial Receivables, net 65
Note 5. Inventories 67
Note 6. Equipment on Operating Leases, net 67
Note 7. Equity in Net Assets of Nonconsolidated Affiliates 68
Note 8. Property, net 70
Note 9. Goodwill and Intangible Assets, net 71
Note 10. Variable Interest Entities 72
Note 11. Accrued Liabilities and Other Liabilities 72
Note 12. Short-Term and Long-Term Debt 73
Note 13. Pensions and Other Postretirement Benefits 77
Note 14. Derivative Financial Instruments 83
Note 15. Commitments and Contingencies 83
Note 16. Income Taxes 91
Note 17. Restructuring and Other Initiatives 94
Note 18. Interest Income and Other Non-Operating Income, net 95
Note 19. Stockholders’ Equity and Noncontrolling Interests 96
Note 20. Earnings Per Share 97
Note 21. Stock Incentive Plans 98
Note 22. Supplementary Quarterly Financial Information (Unaudited) 100
Note 23. Segment Reporting 101
Note 24. Supplemental Information for the Consolidated Statements of Cash Flows 103
Note 25. Subsequent Events 104