GM Reports $2.8 Billion Q4 2020 Profit; $6.4 Billion 2020 Profit

FenwickHockey65 · 02-10-2021, 08:09 AM

GM Reports Strong 2020 Full-Year and Fourth-Quarter Results
General Motors

February 10, 2021

DETROIT – General Motors Co. (NYSE: GM) today reported strong 2020 full-year and fourth quarter earnings despite production interruptions caused by the COVID-19 pandemic and the impact of the Takata airbag-inflator recall announced in November.

Full-year 2020 highlights:

EPS-diluted of $4.33, and EPS-diluted-adjusted of $4.90*
Full-year income of $6.4 billion, and EBIT-adjusted of $9.7 billion
Full-year EBIT-adjusted margin of 7.9 percent
Full-year automotive operating cash flow of $7.5 billion, and adjusted automotive free cash flow of
$2.6 billion
GM North America full-year EBIT-adjusted of $9.1 billion, and EBIT-adjusted margin of 9.4 percent
GM International full-year EBIT-adjusted of $(0.5) billion
China Equity Income of $0.5 billion
Cruise full-year EBIT-adjusted of $(0.9) billion
GM Financial reported record full-year EBT-adjusted of $2.7 billion

Fourth-quarter 2020 highlights:

EPS-diluted of $1.93, and EPS-diluted-adjusted of $1.93**
Fourth-quarter income of $2.8 billion, and EBIT-adjusted of $3.7 billion
Fourth-quarter EBIT-adjusted margin of 9.9 percent
Fourth-quarter automotive operating cash flow of $5.2 billion, and adjusted automotive free cash flow of $3.4 billion
GM North America fourth-quarter EBIT-adjusted of $2.6 billion, and EBIT-adjusted margin of 8.7 percent
GM International fourth-quarter EBIT-adjusted of $0.3 billion
China Equity Income of $0.2 billion
Cruise fourth-quarter EBIT-adjusted of $(0.3) billion
GM Financial reported record fourth-quarter EBT-adjusted of $1.0 billion

02-10-2021, 08:09 AM	#1
FenwickHockey65 General Motors Aficionado Drives: 2023 GMC Canyon, 2023 Expedition Join Date: Aug 2008 Location: Florida Posts: 37,375 View My Garage	GM Reports $2.8 Billion Q4 2020 Profit; $6.4 Billion 2020 Profit GM Reports Strong 2020 Full-Year and Fourth-Quarter Results General Motors February 10, 2021 DETROIT – General Motors Co. (NYSE: GM) today reported strong 2020 full-year and fourth quarter earnings despite production interruptions caused by the COVID-19 pandemic and the impact of the Takata airbag-inflator recall announced in November. Full-year 2020 highlights: EPS-diluted of $4.33, and EPS-diluted-adjusted of $4.90* Full-year income of $6.4 billion, and EBIT-adjusted of $9.7 billion Full-year EBIT-adjusted margin of 7.9 percent Full-year automotive operating cash flow of $7.5 billion, and adjusted automotive free cash flow of $2.6 billion GM North America full-year EBIT-adjusted of $9.1 billion, and EBIT-adjusted margin of 9.4 percent GM International full-year EBIT-adjusted of $(0.5) billion China Equity Income of $0.5 billion Cruise full-year EBIT-adjusted of $(0.9) billion GM Financial reported record full-year EBT-adjusted of $2.7 billion Fourth-quarter 2020 highlights: EPS-diluted of $1.93, and EPS-diluted-adjusted of $1.93** Fourth-quarter income of $2.8 billion, and EBIT-adjusted of $3.7 billion Fourth-quarter EBIT-adjusted margin of 9.9 percent Fourth-quarter automotive operating cash flow of $5.2 billion, and adjusted automotive free cash flow of $3.4 billion GM North America fourth-quarter EBIT-adjusted of $2.6 billion, and EBIT-adjusted margin of 8.7 percent GM International fourth-quarter EBIT-adjusted of $0.3 billion China Equity Income of $0.2 billion Cruise fourth-quarter EBIT-adjusted of $(0.3) billion GM Financial reported record fourth-quarter EBT-adjusted of $1.0 billion __________________ 2023 GMC Canyon Elevation 2023 Ford Expedition SSV (State-Issued)