GM recorded a pre-tax profit of $10.8 billion for 2015.

[El Kabong]

Link:

http://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2016/feb/0203-2015-4th-qtr-earnings.html

[Suaviloquent]

Nice. What's their earnings after taxes?

 

It's good their getting it done. Sustainable business, is what GM has to deliver.

[El Kabong]

As per the link: "General Motors Co. (NYSE: GM) today announced record 2015 calendar-year net income attributable to common stockholders of $9.7 billion, or $5.91 per diluted share, up from $2.8 billion, or $1.65 per diluted share in 2014."

In other words, you CAN have world-class product, expand upmarket, AND make world-class money all at the same time.

[Suaviloquent]

They did great, and really most automakers all had pretty stellar turnouts.

 

Riding the back of a strong(er) North American economy certainly helps, especially given how the domestic makes really live off of utility vehicle sales.

[ccap41]

Nice. What's their earnings after taxes?

 

It's good their getting it done. Sustainable business, is what GM has to deliver.

Usually it's a safe bet of 30% of taxes is a good estimate. There's no way they only paid $1.1billion in taxes on $10.8b.

[Suaviloquent]

Actually ccap depending on their income tax assets or deffered liabilities, they could have very well paid only $1.1 billion in taxes.

[ccap41]

Actually ccap depending on their income tax assets or deffered liabilities, they could have very well paid only $1.1 billion in taxes.

Then would it not have been $10.8b in income, right? If they are counting 100% of their deferred liabilities and not spreading the cost over the years of being paid back then they will have long term sloping numbers..I would think, as it plateaus. This information should be relatively easy to look up if either of us cared.. It's all public information that an investor should know about. 

 

As an accounting student there are a million different ways to decrease taxes(really the only goal of an accountant..lol) that will make their profit numbers look better or worse than they really are. 

[El Kabong]

Link:

http://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2016/feb/0203-2015-4th-qtr-earnings.html

Only a dedicated hater would downvote a link that doesn't have any accompanying commentary.

That alone tells me that this is a good-news kind of story. Well done, GM.

[G. David Felt]

Glad to see GM doing so well,

 

I hope the executive board pays down debt and any other pension obligations and not let it sit as a future owed. Like Ford, the world economy is not doing so well so right now I hope people are paying down debt to get to a better place.

 

Awesome GM for the Profit, now do the responsible thing and pay your bills.

[smk4565]

That is a really strong number and a good number for them. That is about where they should be, however it was an industry sales year of like 18 million cars. Huge year for all automakers. Crossover sales surging helps too.