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GM Reports Strong 2020 Full-Year and Fourth-Quarter Results
General Motors

February 10, 2021

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) billion
• China 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
• Fourth-quarter automotive operating cash flow of $5.2 billion, and adjusted automotive free cash flow of $3.4 billion
• GM North America fourth-quarter EBIT-adjusted of $2.6 billion, and EBIT-adjusted margin of 8.7 percent
• GM International fourth-quarter EBIT-adjusted of $0.3 billion
• China Equity Income of $0.2 billion
• Cruise fourth-quarter EBIT-adjusted of $(0.3) billion
• GM Financial reported record fourth-quarter EBT-adjusted of $1.0 billion