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