Item 6. Selected Financial Data

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Item 6. Selected Financial Data



	At and for the Years Ended December 31,
2016			2015			2014			2013			2012
Income Statement Data:
Total net sales and revenue	$	166,380		$	152,356		$	155,929		$	155,427		$	152,256
Net income(a)	$	9,268		$	9,615		$	4,018		$	5,331		$	6,136
Net income attributable to stockholders	$	9,427		$	9,687		$	3,949		$	5,346		$	6,188
Net income attributable to common stockholders(b)	$	9,427		$	9,687		$	2,804		$	3,770		$	4,859
Basic earnings per common share(a)(b)	$	6.12		$	6.11		$	1.75		$	2.71		$	3.10
Diluted earnings per common share(a)(b)	$	6.00		$	5.91		$	1.65		$	2.38		$	2.92
Dividends declared per common share	$	1.52		$	1.38		$	1.20		$	—		$	—
Balance Sheet Data:
Total assets(c)	$	221,690		$	194,338		$	177,311		$	166,231		$	149,422
Automotive notes and loans payable	$	10,752		$	8,765		$	9,350		$	7,098		$	5,172
GM Financial notes and loans payable(c)	$	73,876		$	54,346		$	37,315		$	28,972		$	10,878
Total equity	$	44,075		$	40,323		$	36,024		$	43,174		$	37,000


(a)	In the year ended December 31, 2015 we recorded the reversal of deferred tax asset valuation allowances of $3.9 billion in GME and recorded charges related to the Ignition Switch Recall for various legal matters of approximately $1.6 billion. In the year ended December 31, 2014 we recorded charges of approximately $2.9 billion in Automotive cost of sales related to recall campaigns and courtesy transportation, a catch-up adjustment of $0.9 billion related to the change in estimate for recall campaigns and a charge of $0.4 billion related to the Ignition Switch Recall compensation program. In the year ended December 31, 2012 we recorded Goodwill impairment charges of $27.1 billion, the reversal of deferred tax asset valuation allowances of $36.3 billion in the U.S. and Canada, pension settlement charges of $2.7 billion and GME long-lived asset impairment charges of $5.5 billion.

(a)

In the year ended December 31, 2015 we recorded the reversal of deferred tax asset valuation allowances of $3.9 billion in GME and recorded charges related to the Ignition Switch Recall for various legal matters of approximately $1.6 billion. In the year ended December 31, 2014 we recorded charges of approximately $2.9 billion in Automotive cost of sales related to recall campaigns and courtesy transportation, a catch-up adjustment of $0.9 billion related to the change in estimate for recall campaigns and a charge of $0.4 billion related to the Ignition Switch Recall compensation program. In the year ended December 31, 2012 we recorded Goodwill impairment charges of $27.1 billion, the reversal of deferred tax asset valuation allowances of $36.3 billion in the U.S. and Canada, pension settlement charges of $2.7 billion and GME long-lived asset impairment charges of $5.5 billion.


(b)	In December 2014 we redeemed all of the remaining shares of our Series A Preferred Stock for $3.9 billion, which reduced Net income attributable to common stockholders by $0.8 billion. In September 2013 we purchased 120 million shares of our Series A Preferred Stock held by the UAW Retiree Medical Benefits Trust (New VEBA) for $3.2 billion, which reduced Net income attributable to common stockholders by $0.8 billion.

(b)

In December 2014 we redeemed all of the remaining shares of our Series A Preferred Stock for $3.9 billion, which reduced Net income attributable to common stockholders by $0.8 billion. In September 2013 we purchased 120 million shares of our Series A Preferred Stock held by the UAW Retiree Medical Benefits Trust (New VEBA) for $3.2 billion, which reduced Net income attributable to common stockholders by $0.8 billion.


(c)	In the year ended December 31, 2013 GM Financial acquired Ally Financial Inc.'s international operations in Europe and Latin America.

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