GM reports record FY22 EBIT-adjusted $14.5B; guides FY23 EBIT-adjusted $10.5-12.5B

General Motors Co

2022-FY EPS reported $6.13 revenue$156,735,000,000

Q4 revenue $43.1B, net income $2.0B, EBIT-adjusted $3.8B; FY22 revenue $156.7B, net income $9.9B, record EBIT-adjusted $14.5B.
2023 guidance: net income $8.7-10.1B, EBIT-adjusted $10.5-12.5B, EPS-adjusted $6.00-7.00.
GMNA EBIT-adjusted FY22 $12.99B (+25.9% YoY); GMI $1.14B (+38.2%); China equity income $677M (-38.3% YoY).
Cruise segment loss $1.89B includes $1.057B compensation modification; GM Financial EBT-adjusted $4.08B (-19.1% YoY).
Adjusted automotive free cash flow FY22 $10.5B vs $2.6B in 2021; operating cash flow $19.1B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

General Motors Co reported FY 2023 guidance results: net income $8.7 billion-$10.1 billion, EPS $6.00-$7.00. Guidance initiated.

Period: FY 2023 guidance
Net income: $8.7 billion-$10.1 billion
EPS: $6.00-$7.00
Guidance: initiated
Result: guidance update

Exact text from the filing

The company expects its core auto operations to perform at a consistently strong level in 2023, with full-year net income attributable to stockholders of $8.7 billion-$10.1 billion, EBIT-adjusted of $10.5 billion-$12.5 billion, and EPS-diluted and EPS-diluted-adjusted of $6.00-$7.00.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

General Motors Co reported FY 2022 results: revenue $156.7 billion, net income $9.9 billion, EPS $6.13.

Period: FY 2022
Revenue: $156.7 billion
Net income: $9.9 billion
EPS: $6.13
Result: reported results

Exact text from the filing

GM’s full-year 2022 revenue was $156.7 billion, net income attributable to stockholders was $9.9 billion and EBIT-adjusted was a record $14.5 billion.

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Source: SEC EDGAR

accession 0001467858-23-000027

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