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General Motors — Jan 28, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001467858-25-000030
Open on SEC.gov ↗
Showing in the filing
Anticipated capital spending
“$10.0 billion - $11.0 billion”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 7
Net income attributable to stockholders for FY2025
“$11.2 billion - $12.5 billion”
EBIT-adjusted for FY2025
“$13.7 billion - $15.7 billion”
Automotive operating cash flow for FY2025
“$21.0 billion - $24.0 billion”
Adjusted automotive free cash flow for FY2025
“$11.0 billion - $13.0 billion”
EPS-diluted-adjusted for FY2025
“$11.00 - $12.00”
Estimated benefit from reduced year-over-yea… for FY2025
“$0.5 billion”
Anticipated capital spending for FY2025
“$10.0 billion - $11.0 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
Final 2024 Guidance 2024 Results 2025 Guidance Net income attributable to stockholders $10.4 billion - $11.1 billion $6.0 billion $11.2 billion - $12.5 billion EBIT-adjusted $14.0 billion - $15.0 billion $14.9 billion $13.7 billion - $15.7 billion Automotive operating cash flow $22.0 billion - $24.0 billion $23.9 billion $21.0 billion - $24.0 billion Adjusted automotive free cash flow $12.5 billion - $13.5 billion $14.0 billion $11.0 billion - $13.0 billion EPS-diluted $9.14 - $9.64 $6.37 $11.00 - $12.00 EPS-diluted-adjusted $10.00 - $10.50 $10.60 $11.00 - $12.00 GM's 2025 financial guidance assumes a stable policy environment in North America and an estimated benefit of $0.5 billion from reduced year-over-year expenses at Cruise. The financial guidance also includes anticipated capital spending of $10.0 billion - $11.0 billion, inclusive of investments in the company's battery cell manufacturing joint ventures. Conference Call for Investors and Analysts GM Chair and CEO Mary Barra and GM Chief Financial Officer Paul Jacobson will host a conference call for the investment community at 8:30 a.m. ET today to discuss these results. Conference call details are as follows: • 1-800-857-9821 (U.S.) • 1-517-308-9481 (international/caller-paid) • Conference call passcode: General Motors • An audio replay will be available on the GM Investor Relations website in the Events section. Visit the GM Investor Relations website to download the company’s earnings deck and GM Chair and CEO Mary Barra’s letter to shareholders. 1 Results Overview Three Months Ended $M except per share amounts December 31, 2024 December 31, 2023 Change % Change Revenue $ 47,702  $ 42,980  $ 4,722  11.0  % Net income (loss) attributable to stockholders $ (2,961) $ 2,102  $ (5,063) n.m. EBIT-adjusted $ 2,509  $ 1,757  $ 752  42.8  % Net income margin (6.2) % 4.9  % (11.1) ppts n.m. EBIT-adjusted margin 5.3  % 4.1  % 1.2 ppts 29.3  % Automotive operating cash flow $ 4,765  $ 4,688  $ 77  1.6  % Adjusted automotive free cash flow $ 1,823  $ 1,341
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.