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General Motors Company Message Board

  • bluecheese4u bluecheese4u Feb 14, 2013 6:06 PM Flag

    GM Reports 2012 Net Income of $4.9 Billion

    GM Reports 2012 Net Income of $4.9 Billion

    Full-year EBIT-adjusted of $7.9 billion
    Company posts third consecutive year of strong earnings

    For Release: Thursday, Feb. 14, 2013, 7:30 a.m. EST

    DETROIT – General Motors Co. (NYSE: GM) today announced 2012 calendar-year net income attributable to common stockholders of $4.9 billion, or $2.92 per fully diluted share, down from $7.6 billion, or $4.58 per fully diluted share in 2011, due primarily to unfavorable special items.
    Special items during the calendar year impacted full-year net income to common stockholders unfavorably, $(0.5) billion, or $(0.32) per share, compared to a favorable $1.2 billion impact in 2011, or $0.70 per share.
    Revenue increased 1 percent to $152.3 billion, compared with $150.3 billion in 2011. Full- year earnings before interest and tax (EBIT) adjusted was $7.9 billion, compared with $8.3 billion in 2011. Full-year EBIT-adjusted for 2012 includes the impact of restructuring charges of $(0.4) billion.
    “We recorded another solid year in 2012 as we grew the business, delivered a third straight year of profitability and took significant actions to put the company on a solid path for future growth,” said Dan Akerson, chairman and CEO. “This year our priorities will be executing flawless new vehicle launches, controlling costs and delivering more vehicles to our customers at outstanding value.”
    Fourth quarter net income of $0.9 billion, up from $0.5 billion last year
    EBIT-adjusted of $1.2 billion in the fourth quarter, up from $1.1 billion last year
    Overview (in billions except for per share amounts) Q4 2011

    Supplemental Material

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