通用汽车 2025年季度报告

incorporation or organization)300 Renaissance Center,Detroit,Michigan PART ICondensed Consolidated Financial Statements ———————— GMNAGMICorporate Vehicle, parts and accessories$39,416Used vehiclesServices and other Leased vehicle income—————1,803—Finance charge income—————1,876(8)Other income—————239(2)GM Financial net sales and revenue—————3,918(10)Net sales and revenue$40,725$3,298$37$44,060$25$3,918$(35)$47,969Six Months Ended June 30, 2025 Services and other2,023536552,6141——Automotive net sales and revenue76,8735,75310382,7291——Leased vehicle income—————3,842—Finance charge income—————4,073(4)Other income—————504(4)GM Financial net sales and revenue—————8,419(7)Net sales and revenue$76,873$5,753$103$82,729$1$8,419$(7)$91,141 Six Months Ended June 30, 2024GMNAGMICorporateTotalAutomotiveCruiseGMFinancial Used vehicles55912—571———Services and other1,951516562,52351—(50)Automotive net sales and revenue76,8246,3806883,27251—(50)Leased vehicle income—————3,603— GM Financial net sales and revenue—————7,730(19)Net sales and revenue$76,824$6,380$68$83,272$51$7,730$(69)$90,983Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services.Adjustments to sales incentives for previously recognized sales were insignificant and increased revenue by $310million in the threemonths ended June 30, 2025 and 2024. Three Months EndedSix Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024Allowance for loan losses at beginning of period$2,567$2,355$2,458$ Charge-offs(490)(411)(968)270222521Effect of foreign currency19(29)28Allowance for loan losses at end of period$2,720$2,311$2,720$ 20242023202220212020PriorTotal0-to-30 days$30,581$19,411$12,207$7,178$3,350$710$73,43831-to-60 days374481425340166991,885Greater-than-60 days1281881551155536677Finance receivables more In repossession171914103266Finance receivables morethan 30 days delinquentor in repossession5196895954642251362,628 Performing accounts with strong to acceptable financial metrics with at least satisfactory capacity to meet financial Performing accounts experiencing potential weakness in financial metrics and repayment prospects resulting in increasedmonitoring.Non-Performing accounts with inadequate paying capacity for current obligations and have the distinct possibility of (a)Floorplan advances comprise99.1% of the total revolving balance. Dealer term loans are presented by year of origination. Dealer Risk RatingRevolving20242023202220212020PriorTotal$16,190$321$209$360$237$267$22$17,606621—102632—663305104—22—12354 Interest subvention earned on finance receivablesLeased vehicle subvention earned $ (a)All balance sheet amounts are eliminated upon consolidation. (b)Our Automotive segments made cash payments to GM Financial for subvention of $918million and $934million in the three months ended June30, 2025 and 2024 and $1.6billion and $1.7billion in the six months ended June 30, 2025 and 2024.GM Financial's Board of Directors declared and paid dividends of $350million and $450million on its common stock in the threemonths ended June 30, 2025 and 2024 and $700million and $900million in the six months ended June 30, 2025 and 2024. Nonconsolidated affiliates are entities in which we maintain an equity ownership interest and for which we use the equity method ofaccounting due to our ability to exert significant influence over decisions relating to their operating and financial affairs. Revenue and Automotive China joint ventures equity income (loss) Ultium Cells Holdings LLC equity income (loss)(a) Other joint ventures equity income (loss) Total Equity income (loss) Dividends declared but not paid from our nonconsolidated affiliates were $1.4billion and $395million at June 30, 2025 and GM Financial equipment on operating leases, net$16,978$GM Financial short-term debt and current portion of long-term debt$17,644$GM Financial long-term debt$33,297$ Nonconsolidated VIEs primarily include our battery cell manufacturing joint ventures to which we provided financial support toensure that our supply needs for production are met or are not disrupted. Our variable interests in our automotive nonconsolidated VIEsinclude equity investments, accounts and loans receivable, committed financial support and other off-balance sheet arrangements. Thecarryingamounts of assets were approximately$3.2 billion and$4.3 billion and liabilities were insignificant related to our contributions to our battery cell manufacturing joint ventures, at June 30, 2025 and December 31, 2024. Our maximum exposure to loss,and required capital contributions, could vary depending on our battery cell manufacturing joint ventures' requirements and access to capital. We currently lack the power through voting or similar rights to direct the activities of these entities that most significantly affecttheir economic performance. Available under credit facility agreements(c)Weighted-average interest rate