2021-02-10
DETROIT – General Motors Co. (NYSE: GM) today reported strong 2020 full-year and fourth quarter earnings despite production interruptions caused by the COVID-19 pandemic and the impact of the Takata airbag-inflator recall announced in November.
Full-year 2020 highlights: •EPS-diluted of $4.33, and EPS-diluted-adjusted of $4.90* •Full-year income of $6.4 billion, and EBIT-adjusted of $9.7 billion •Full-year EBIT-adjusted margin of 7.9 percent•Full-year automotive operating cash flow of $7.5 billion, and adjusted automotive free cash flow of $2.6 billion•GM North America full-year EBIT-adjusted of $9.1 billion, and EBIT-adjusted margin of 9.4 percent •GM International full-year EBIT-adjusted of $(0.5) billionoChina Equity Income of $0.5 billion •Cruise full-year EBIT-adjusted of $(0.9) billion•GM Financial reported record full-year EBT-adjusted of $2.7 billion Fourth-quarter 2020 highlights: •EPS-diluted of $1.93, and EPS-diluted-adjusted of $1.93**•Fourth-quarter income of $2.8 billion, and EBIT-adjusted of $3.7 billion •Fourth-quarter EBIT-adjusted margin of 9.9 percent
