General Motors

At a glance

Buybacks

47.6%^cr!Buybacks as a share of free cash flowSEC EDGAR · CIK 00014678580001467858-13-000025 · FY2011 · period ended 2011-12-31 · filed 2013-02-15NetCashProvidedByUsedInOperatingActivities0001467858-13-000025 · FY2011 · period ended 2011-12-31 · filed 2013-02-15PaymentsForRepurchaseOfEquity0001467858-13-000025 · FY2011 · period ended 2011-12-31 · filed 2013-02-15PaymentsToAcquirePropertyPlantAndEquipment0001467858-13-000025 · FY2012 · period ended 2012-12-31 · filed 2013-02-15NetCashProvidedByUsedInOperatingActivities0001467858-13-000025 · FY2012 · period ended 2012-12-31 · filed 2013-02-15PaymentsForRepurchaseOfEquity0001467858-13-000025 · FY2012 · period ended 2012-12-31 · filed 2013-02-15PaymentsToAcquirePropertyPlantAndEquipment0001467858-14-000043 · FY2013 · period ended 2013-12-31 · filed 2014-02-06NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001467858-14-000043 · FY2013 · period ended 2013-12-31 · filed 2014-02-06PaymentsForRepurchaseOfEquity0001467858-14-000043 · FY2013 · period ended 2013-12-31 · filed 2014-02-06PaymentsToAcquirePropertyPlantAndEquipment0001467858-15-000036 · FY2014 · period ended 2014-12-31 · filed 2015-02-04NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001467858-15-000036 · FY2014 · period ended 2014-12-31 · filed 2015-02-04PaymentsForRepurchaseOfEquity0001467858-15-000036 · FY2014 · period ended 2014-12-31 · filed 2015-02-04PaymentsToAcquirePropertyPlantAndEquipment0001467858-16-000255 · FY2015 · period ended 2015-12-31 · filed 2016-02-03NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001467858-16-000255 · FY2015 · period ended 2015-12-31 · filed 2016-02-03PaymentsForRepurchaseOfEquity0001467858-16-000255 · FY2015 · period ended 2015-12-31 · filed 2016-02-03PaymentsToAcquirePropertyPlantAndEquipment0001467858-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-07NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001467858-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-07PaymentsForRepurchaseOfCommonStock0001467858-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-07PaymentsToAcquirePropertyPlantAndEquipment0001467858-18-000022 · FY2017 · period ended 2017-12-31 · filed 2018-02-06NetCashProvidedByUsedInOperatingActivities0001467858-18-000022 · FY2017 · period ended 2017-12-31 · filed 2018-02-06PaymentsForRepurchaseOfCommonStock0001467858-18-000022 · FY2017 · period ended 2017-12-31 · filed 2018-02-06PaymentsToAcquirePropertyPlantAndEquipment0001467858-19-000033 · FY2018 · period ended 2018-12-31 · filed 2019-02-06NetCashProvidedByUsedInOperatingActivities0001467858-19-000033 · FY2018 · period ended 2018-12-31 · filed 2019-02-06PaymentsForRepurchaseOfCommonStock0001467858-19-000033 · FY2018 · period ended 2018-12-31 · filed 2019-02-06PaymentsToAcquirePropertyPlantAndEquipment0001467858-20-000028 · FY2019 · period ended 2019-12-31 · filed 2020-02-05NetCashProvidedByUsedInOperatingActivities0001467858-20-000028 · FY2019 · period ended 2019-12-31 · filed 2020-02-05PaymentsForRepurchaseOfCommonStock0001467858-20-000028 · FY2019 · period ended 2019-12-31 · filed 2020-02-05PaymentsToAcquirePropertyPlantAndEquipment0001467858-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-10NetCashProvidedByUsedInOperatingActivities0001467858-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-10PaymentsToAcquirePropertyPlantAndEquipment0001467858-23-000029 · FY2020 · period ended 2020-12-31 · filed 2023-01-31PaymentsForRepurchaseOfCommonStock0001467858-23-000029 · FY2022 · period ended 2022-12-31 · filed 2023-01-31NetCashProvidedByUsedInOperatingActivities0001467858-23-000029 · FY2022 · period ended 2022-12-31 · filed 2023-01-31PaymentsForRepurchaseOfCommonStock0001467858-23-000029 · FY2022 · period ended 2022-12-31 · filed 2023-01-31PaymentsToAcquirePropertyPlantAndEquipment0001467858-24-000031 · FY2023 · period ended 2023-12-31 · filed 2024-01-30NetCashProvidedByUsedInOperatingActivities0001467858-24-000031 · FY2023 · period ended 2023-12-31 · filed 2024-01-30PaymentsForRepurchaseOfCommonStock0001467858-24-000031 · FY2023 · period ended 2023-12-31 · filed 2024-01-30PaymentsToAcquirePropertyPlantAndEquipment0001467858-25-000032 · FY2024 · period ended 2024-12-31 · filed 2025-01-28NetCashProvidedByUsedInOperatingActivities0001467858-25-000032 · FY2024 · period ended 2024-12-31 · filed 2025-01-28PaymentsForRepurchaseOfCommonStock0001467858-25-000032 · FY2024 · period ended 2024-12-31 · filed 2025-01-28PaymentsToAcquirePropertyPlantAndEquipment0001467858-26-000013 · FY2025 · period ended 2025-12-31 · filed 2026-01-27NetCashProvidedByUsedInOperatingActivities0001467858-26-000013 · FY2025 · period ended 2025-12-31 · filed 2026-01-27PaymentsForRepurchaseOfCommonStock0001467858-26-000013 · FY2025 · period ended 2025-12-31 · filed 2026-01-27PaymentsToAcquirePropertyPlantAndEquipmentc: comparative figure from a later filing (NetCashProvidedByUsedInOperatingActivities FY2011; PaymentsForRepurchaseOfEquity FY2011; PaymentsToAcquirePropertyPlantAndEquipment FY2011; PaymentsForRepurchaseOfCommonStock FY2020); SEC's structured data has no figure from the fiscal year's own 10-K.r: a later 10-K shows a different figure for NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2014; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2015; PaymentsToAcquirePropertyPlantAndEquipment FY2015; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2016; PaymentsToAcquirePropertyPlantAndEquipment FY2016. As filed is shown.!: tags disagree and the disagreement is unresolved (NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2015; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2016; NetCashProvidedByUsedInOperatingActivities FY2017).Net cash provided by operating activities is the consolidated total and includes GM Financial, GM's finance business, alongside the automotive operations.Expenditures for property is the consolidated total and includes GM Financial's own expenditures for property. Purchases of leased vehicles are reported on a separate line and are not included.Consists of the purchase of preferred stock; no common stock was repurchased.Includes the redemption of preferred stock, which GM reports on the same line as common stock repurchases.Net cash provided by operating activities is the consolidated total and includes GM Financial, GM's finance business, alongside the automotive operations. GM separately reports an adjusted automotive free cash flow measure for its automotive operations.

Share of free cash flow, fiscal 2011–2020, 2022–2025

Details and every year

Dividends

18.4%^cr!Dividends as a share of free cash flowSEC EDGAR · CIK 00014678580001467858-13-000025 · FY2011 · period ended 2011-12-31 · filed 2013-02-15NetCashProvidedByUsedInOperatingActivities0001467858-13-000025 · FY2011 · period ended 2011-12-31 · filed 2013-02-15PaymentsOfDividends0001467858-13-000025 · FY2011 · period ended 2011-12-31 · filed 2013-02-15PaymentsToAcquirePropertyPlantAndEquipment0001467858-13-000025 · FY2012 · period ended 2012-12-31 · filed 2013-02-15NetCashProvidedByUsedInOperatingActivities0001467858-13-000025 · FY2012 · period ended 2012-12-31 · filed 2013-02-15PaymentsOfDividends0001467858-13-000025 · FY2012 · period ended 2012-12-31 · filed 2013-02-15PaymentsToAcquirePropertyPlantAndEquipment0001467858-14-000043 · FY2013 · period ended 2013-12-31 · filed 2014-02-06NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001467858-14-000043 · FY2013 · period ended 2013-12-31 · filed 2014-02-06PaymentsOfDividends0001467858-14-000043 · FY2013 · period ended 2013-12-31 · filed 2014-02-06PaymentsToAcquirePropertyPlantAndEquipment0001467858-15-000036 · FY2014 · period ended 2014-12-31 · filed 2015-02-04NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001467858-15-000036 · FY2014 · period ended 2014-12-31 · filed 2015-02-04PaymentsOfDividendsCommonStock0001467858-15-000036 · FY2014 · period ended 2014-12-31 · filed 2015-02-04PaymentsToAcquirePropertyPlantAndEquipment0001467858-16-000255 · FY2015 · period ended 2015-12-31 · filed 2016-02-03NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001467858-16-000255 · FY2015 · period ended 2015-12-31 · filed 2016-02-03PaymentsToAcquirePropertyPlantAndEquipment0001467858-17-000028 · FY2015 · period ended 2015-12-31 · filed 2017-02-07PaymentsOfDividends0001467858-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-07NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001467858-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-07PaymentsOfDividends0001467858-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-07PaymentsToAcquirePropertyPlantAndEquipment0001467858-18-000022 · FY2017 · period ended 2017-12-31 · filed 2018-02-06NetCashProvidedByUsedInOperatingActivities0001467858-18-000022 · FY2017 · period ended 2017-12-31 · filed 2018-02-06PaymentsOfDividends0001467858-18-000022 · FY2017 · period ended 2017-12-31 · filed 2018-02-06PaymentsToAcquirePropertyPlantAndEquipment0001467858-19-000033 · FY2018 · period ended 2018-12-31 · filed 2019-02-06NetCashProvidedByUsedInOperatingActivities0001467858-19-000033 · FY2018 · period ended 2018-12-31 · filed 2019-02-06PaymentsOfDividends0001467858-19-000033 · FY2018 · period ended 2018-12-31 · filed 2019-02-06PaymentsToAcquirePropertyPlantAndEquipment0001467858-20-000028 · FY2019 · period ended 2019-12-31 · filed 2020-02-05NetCashProvidedByUsedInOperatingActivities0001467858-20-000028 · FY2019 · period ended 2019-12-31 · filed 2020-02-05PaymentsOfDividends0001467858-20-000028 · FY2019 · period ended 2019-12-31 · filed 2020-02-05PaymentsToAcquirePropertyPlantAndEquipment0001467858-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-10NetCashProvidedByUsedInOperatingActivities0001467858-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-10PaymentsOfDividends0001467858-21-000037 · FY2020 · period ended 2020-12-31 · filed 2021-02-10PaymentsToAcquirePropertyPlantAndEquipment0001467858-22-000034 · FY2021 · period ended 2021-12-31 · filed 2022-02-02NetCashProvidedByUsedInOperatingActivities0001467858-22-000034 · FY2021 · period ended 2021-12-31 · filed 2022-02-02PaymentsOfDividends0001467858-22-000034 · FY2021 · period ended 2021-12-31 · filed 2022-02-02PaymentsToAcquirePropertyPlantAndEquipment0001467858-23-000029 · FY2022 · period ended 2022-12-31 · filed 2023-01-31NetCashProvidedByUsedInOperatingActivities0001467858-23-000029 · FY2022 · period ended 2022-12-31 · filed 2023-01-31PaymentsOfDividends0001467858-23-000029 · FY2022 · period ended 2022-12-31 · filed 2023-01-31PaymentsToAcquirePropertyPlantAndEquipment0001467858-24-000031 · FY2023 · period ended 2023-12-31 · filed 2024-01-30NetCashProvidedByUsedInOperatingActivities0001467858-24-000031 · FY2023 · period ended 2023-12-31 · filed 2024-01-30PaymentsOfDividends0001467858-24-000031 · FY2023 · period ended 2023-12-31 · filed 2024-01-30PaymentsToAcquirePropertyPlantAndEquipment0001467858-25-000032 · FY2024 · period ended 2024-12-31 · filed 2025-01-28NetCashProvidedByUsedInOperatingActivities0001467858-25-000032 · FY2024 · period ended 2024-12-31 · filed 2025-01-28PaymentsOfDividends0001467858-25-000032 · FY2024 · period ended 2024-12-31 · filed 2025-01-28PaymentsToAcquirePropertyPlantAndEquipment0001467858-26-000013 · FY2025 · period ended 2025-12-31 · filed 2026-01-27NetCashProvidedByUsedInOperatingActivities0001467858-26-000013 · FY2025 · period ended 2025-12-31 · filed 2026-01-27PaymentsOfDividends0001467858-26-000013 · FY2025 · period ended 2025-12-31 · filed 2026-01-27PaymentsToAcquirePropertyPlantAndEquipmentc: comparative figure from a later filing (NetCashProvidedByUsedInOperatingActivities FY2011; PaymentsOfDividends FY2011; PaymentsToAcquirePropertyPlantAndEquipment FY2011; PaymentsOfDividends FY2015); SEC's structured data has no figure from the fiscal year's own 10-K.r: a later 10-K shows a different figure for NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2014; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2015; PaymentsToAcquirePropertyPlantAndEquipment FY2015; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2016; PaymentsToAcquirePropertyPlantAndEquipment FY2016. As filed is shown.!: tags disagree and the disagreement is unresolved (PaymentsOfDividends FY2012; PaymentsOfDividends FY2013; PaymentsOfDividendsCommonStock FY2014; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2015; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2016; NetCashProvidedByUsedInOperatingActivities FY2017).Net cash provided by operating activities is the consolidated total and includes GM Financial, GM's finance business, alongside the automotive operations.Expenditures for property is the consolidated total and includes GM Financial's own expenditures for property. Purchases of leased vehicles are reported on a separate line and are not included.Includes dividends on preferred shares and dividends paid to noncontrolling interests; no dividend was paid on common stock.Includes dividends paid to noncontrolling interests.Net cash provided by operating activities is the consolidated total and includes GM Financial, GM's finance business, alongside the automotive operations. GM separately reports an adjusted automotive free cash flow measure for its automotive operations.Includes dividends paid to noncontrolling interests, among them dividends on a subsidiary's preferred stock.Consists of dividends paid to noncontrolling interests, among them dividends on a subsidiary's preferred stock; no dividend was paid on common stock.

Share of free cash flow, fiscal 2011–2025

Details and every year

Acquisitions

11.9%^cr!Acquisitions as a share of free cash flowSEC EDGAR · CIK 00014678580001467858-13-000025 · FY2011 · period ended 2011-12-31 · filed 2013-02-15NetCashProvidedByUsedInOperatingActivities0001467858-13-000025 · FY2011 · period ended 2011-12-31 · filed 2013-02-15PaymentsToAcquireBusinessesNetOfCashAcquired0001467858-13-000025 · FY2011 · period ended 2011-12-31 · filed 2013-02-15PaymentsToAcquirePropertyPlantAndEquipment0001467858-13-000025 · FY2012 · period ended 2012-12-31 · filed 2013-02-15NetCashProvidedByUsedInOperatingActivities0001467858-13-000025 · FY2012 · period ended 2012-12-31 · filed 2013-02-15PaymentsToAcquireBusinessesNetOfCashAcquired0001467858-13-000025 · FY2012 · period ended 2012-12-31 · filed 2013-02-15PaymentsToAcquirePropertyPlantAndEquipment0001467858-14-000043 · FY2013 · period ended 2013-12-31 · filed 2014-02-06NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001467858-14-000043 · FY2013 · period ended 2013-12-31 · filed 2014-02-06PaymentsToAcquireBusinessesNetOfCashAcquired0001467858-14-000043 · FY2013 · period ended 2013-12-31 · filed 2014-02-06PaymentsToAcquirePropertyPlantAndEquipment0001467858-15-000036 · FY2014 · period ended 2014-12-31 · filed 2015-02-04NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001467858-15-000036 · FY2014 · period ended 2014-12-31 · filed 2015-02-04PaymentsToAcquireBusinessesNetOfCashAcquired0001467858-15-000036 · FY2014 · period ended 2014-12-31 · filed 2015-02-04PaymentsToAcquirePropertyPlantAndEquipment0001467858-16-000255 · FY2015 · period ended 2015-12-31 · filed 2016-02-03NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001467858-16-000255 · FY2015 · period ended 2015-12-31 · filed 2016-02-03PaymentsToAcquireBusinessesNetOfCashAcquired0001467858-16-000255 · FY2015 · period ended 2015-12-31 · filed 2016-02-03PaymentsToAcquirePropertyPlantAndEquipment0001467858-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-07NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001467858-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-07PaymentsToAcquireBusinessesNetOfCashAcquired0001467858-17-000028 · FY2016 · period ended 2016-12-31 · filed 2017-02-07PaymentsToAcquirePropertyPlantAndEquipment0001467858-18-000022 · FY2017 · period ended 2017-12-31 · filed 2018-02-06NetCashProvidedByUsedInOperatingActivities0001467858-18-000022 · FY2017 · period ended 2017-12-31 · filed 2018-02-06PaymentsToAcquireBusinessesNetOfCashAcquired0001467858-18-000022 · FY2017 · period ended 2017-12-31 · filed 2018-02-06PaymentsToAcquirePropertyPlantAndEquipment0001467858-19-000033 · FY2018 · period ended 2018-12-31 · filed 2019-02-06NetCashProvidedByUsedInOperatingActivities0001467858-19-000033 · FY2018 · period ended 2018-12-31 · filed 2019-02-06PaymentsToAcquireBusinessesNetOfCashAcquired0001467858-19-000033 · FY2018 · period ended 2018-12-31 · filed 2019-02-06PaymentsToAcquirePropertyPlantAndEquipmentc: comparative figure from a later filing (NetCashProvidedByUsedInOperatingActivities FY2011; PaymentsToAcquireBusinessesNetOfCashAcquired FY2011; PaymentsToAcquirePropertyPlantAndEquipment FY2011); SEC's structured data has no figure from the fiscal year's own 10-K.r: a later 10-K shows a different figure for NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2014; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2015; PaymentsToAcquireBusinessesNetOfCashAcquired FY2015; PaymentsToAcquirePropertyPlantAndEquipment FY2015; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2016; PaymentsToAcquireBusinessesNetOfCashAcquired FY2016; PaymentsToAcquirePropertyPlantAndEquipment FY2016. As filed is shown.!: tags disagree and the disagreement is unresolved (NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2015; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2016; NetCashProvidedByUsedInOperatingActivities FY2017).Net cash provided by operating activities is the consolidated total and includes GM Financial, GM's finance business, alongside the automotive operations.Expenditures for property is the consolidated total and includes GM Financial's own expenditures for property. Purchases of leased vehicles are reported on a separate line and are not included.Net cash provided by operating activities is the consolidated total and includes GM Financial, GM's finance business, alongside the automotive operations. GM separately reports an adjusted automotive free cash flow measure for its automotive operations.

Share of free cash flow, fiscal 2011–2018

Details and every year

Median ROIC

MissingMedian return on invested capitalROIC: no fiscal year has all the inputs

Return on invested capital

Details and every year

Sections, fiscal 2011–2025

• Where the cash wentFree cash flow and what it was spent on — buybacks, dividends, acquisitions and debt — year by year.
• Return on capitalReturn on invested capital and on incremental capital, and up to three estimates of owner earnings.
• Management recordPrices paid for buybacks, debt against operating income, margins, share issuance and stock-based pay.