Table of Contents GENERAL MOTORS COMPANY AND SUBSIDIARIES Item 8. Financial Statements and Supplementary Data CONSOLIDATED INCOME STATEMENTS (In millions, except per share amounts) 2020 Years Ended December 31, 2019 2018 Net sales and revenue Automotive GM Financial Total net sales and revenue (Note 3) Costs and expenses Automotive and other cost of sales GM Financial interest, operating and other expenses Automotive and other selling, general and administrative expense Total costs and expenses Operating income Automotive interest expense Interest income and other non-operating income, net (Note 19) Equity income (Note 8) Income before income taxes Income tax expense (Note 17) $ 108,673 $ 122.697 $ 133,045 13.812 14,540 14,004 122,485 137,237 147,049 97,539 110.651 120,656 11274 12,614 12,298 7,038 8,491 9.650 115.851 131,756 142,604 6,634 5.481 4,445 1,098 782 655 1,4 2,596 674 1,268 2,163 8,095 7,436 8,549 1,774 769 474 Income from continuing operations 6.321 6.667 8,075 Net income Loss from discontinued operations, net of tax (Note 22) Net loss attributable to noncontrolling interests Net income attributable to stockholders 70 6,321 6.667 8,005 106 GS S 6,427 $ 6.732 S 8,014 Net income attributable to common stockholders 6,247 $ 6,581 S 7.916 Earnings per share (Note 21) Basic earnings per common share-continuing operations $ 4.36 5 4.62 5 5.66 Basic loss per common share-discontinued operations Basic eamings per common share 0.05 Weighted average common shares outstanding-basic 4.36 S 1,433 4.62 $ 5.61 1,424 1,411 Diluted earnings per common share-continuing operations Diluted loss per common share-discontinued operations Diluted earnings per common share Weighted-average common shares outstanding-diluted CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 4.33 5 457 5 558 0.05 4.33 S 4.57 5.53 1,442 1,439 1.431 Net income Other comprehensive income, net of tax (Note 20) Foreign currency translation adjustments and other Defined benefit plans Other comprehensive loss, net of tax Comprehensive income Comprehensive loss attributable to noncontrolling interests Comprehensive income attributable to stockholders (In millions) 2020 Years Ended December 31, 2019 2018 $ 6.3215 6,667 S 8,005 (523) (6) (715) (1.795) (2.122) (221) (2,318) (2,128) (936) 4,003 4,539 7,069 92 76 15 4,095 $ 4,615 $ 7,084