filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
| At and for the Years Ended December 31, | |||||||||||||||||||
| 2018 | 2017 | 2016 | 2015 | 2014 | |||||||||||||||
| Income Statement Data: | |||||||||||||||||||
| Total net sales and revenue | $ | 147,049 | $ | 145,588 | $ | 149,184 | $ | 135,725 | $ | 137,958 | |||||||||
| Income from continuing operations(a) | $ | 8,075 | $ | 330 | $ | 9,269 | $ | 9,590 | $ | 4,525 | |||||||||
| Basic earnings per common share – continuing operations(a) | $ | 5.66 | $ | 0.23 | $ | 6.12 | $ | 6.09 | $ | 2.06 | |||||||||
| Diluted earnings per common share – continuing operations(a) | $ | 5.58 | $ | 0.22 | $ | 6.00 | $ | 5.89 | $ | 1.95 | |||||||||
| Dividends declared per common share | $ | 1.52 | $ | 1.52 | $ | 1.52 | $ | 1.38 | $ | 1.20 | |||||||||
| Balance Sheet Data: | |||||||||||||||||||
| Total assets(b) | $ | 227,339 | $ | 212,482 | $ | 221,690 | $ | 194,338 | $ | 177,311 | |||||||||
| Automotive notes and loans payable | $ | 13,963 | $ | 13,502 | $ | 10,560 | $ | 8,535 | $ | 9,084 | |||||||||
| GM Financial notes and loans payable | $ | 90,988 | $ | 80,717 | $ | 64,563 | $ | 45,479 | $ | 29,304 | |||||||||
| Total equity | $ | 42,777 | $ | 36,200 | $ | 44,075 | $ | 40,323 | $ | 36,024 |
| (a) | In the year ended December 31, 2018 we recorded charges of $1.3 billion related to transformation activities including employee separation, accelerated depreciation and other charges, $1.1 billion related to the closure of a facility and other restructuring actions in Korea, charges of $0.4 billion for ignition switch related legal matters, and a non-recurring tax benefit of $1.0 billion related to foreign earnings. In the year ended December 31, 2017 we recorded tax expense of $7.3 billion related to U.S. tax reform legislation, $2.3 billion related to the establishment of a valuation allowance against deferred tax assets that will no longer be realizable as a result of the sale of the Opel/Vauxhall Business, and charges of $0.5 billion related to restructuring actions in India and South Africa. In the year ended December 31, 2015 we recorded the reversal of deferred tax asset valuation allowances of $3.9 billion in Europe and recorded charges related to the Ignition Switch Recall Compensation Program (Compensation Program) and for various legal matters of approximately $1.6 billion. In the year ended December 31, 2014 we recorded charges of approximately $2.8 billion in Automotive and other 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 Compensation Program. In December 2014 we redeemed all of the remaining shares of our Series A Preferred Stock for $3.9 billion, which reduced Income from continuing operations by $0.8 billion. |
| (b) | Total assets included assets held for sale of $20.6 billion, $20.0 billion, and $17.8 billion at December 31, 2016, 2015 and 2014. |
GENERAL MOTORS COMPANY AND SUBSIDIARIES
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