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Do a financial analysis , including ratio analysis and risk analysis on General Motor Company. Then evaluate General Motor Company from a macroeconomic perspective in
Do a financial analysis, including ratio analysis and risk analysis on General Motor Company. Then evaluate General Motor Company from a macroeconomic perspective in which you look at broad-based economic and industry trends in relation to how the GM will capitalize on those trends.
GENERAL MOTORS COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Years Ended December 31, 2014 2015 2013 Cash flows from operating activities 5,331 8,041 $ 9,615 4,018 Net income Depreciation, amortization and impairment charges 7,238 437 181 (301) (1,600 315) (1,458) 439 8,017 n currency remeasurement and transaction l losses Amortization of discount and issuance costs on debt issues Undistributed Pension contributions and OPEB payments Pension and OPEB expense, net (Gains) losses on extinguishment of debt Provision (benefit) for deferred taxes Change in other operating assets and liabilities (Note 24) Other operating activities earnings of nonconsolidated affiliates and gains on i nvestments (92) 321 (449) 638 (574) 1,561 (1,326) (741) 12,630 (1,754) (273) 244 (1 Net cash provided by operating activities Cash flows from investing activities 11,978 10,058 Expenditures for property Available-for-sale marketable securities, acquisitions Trading marketable securities, acquisitions Available-for-sale marketable securities, liquidations Trading marketable securities, liquidations (7,874) 7,091) 7,565) (8,113) 7,636) 6,754) (1,250 518 3,214) 6,874 1.881 8463 1.758 (928) 3,566 6,538 (53) (2,623) 896 (984) of c net of cash acquired Proceeds from sale of business units/investments, net of cash disposed Increase in restricted cash and marketable securities Decrease in restricted cash and marketable securities Purchases of finance receivables Principal collections and recoveries on finance receivables Purchases of leased vehicles, net Proceeds from termination of leased vehicles Other investing activities (744) 376 (839 (17.495) 14,744) (10,838) 0.860 15,158 (4,776 (2,254) 11,726 7,555 1,096 533 Net cash used in investing activities Cash flows from financing activities (28,035 15,698) (14,362) Net increase in short-term debt Proceeds from issuance of debt (original maturities greater than three months) 5,679 31.37328.041 ts on debt (original maturities greater than three months) (17,256) 19,524) (20,191) Payments to purchase stock Dividends paid (including charge related to redemption and purchase of Series A Preferred Stock) Other financing activities (3,520 3,277) (2,438) (2,242) 3,165) ,687) 123) (1 Net cash provided by financing activities Effect of exchange rate changes on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Significant Non-cash Investing and Financing Activity 13,686 (1,345) 1,102) (3,716 ,067) 599 18,954 5,675 (400) 20,021 S 15,238 $18,954 18,422 20,021 Non-cash Mandatory conversion of Series B Preferred Stock into common stock (Note 19) S 4,676 3,313 3,224 $ 4,854 property additionsStep by Step Solution
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