AI English summary of an SEC filing — figures as filed
GM reported revenue of $43.0 billion for the Q1 2024 (3-month) period, net income attributable to stockholders of $3.0 billion, and EBIT-adjusted of $3.9 billion. The company said revenue rose 7.6% from a year earlier, and net income increased 24.4%.
Key points
AI summaryGM reported revenue of $43.0 billion for the Q1 2024 (3-month) period, net income attributable to stockholders of $3.0 billion, and EBIT-adjusted of $3.9 billion. The company said revenue rose 7.6% from a year earlier, and net income increased 24.4%.
GM said it now expects full-year 2024 EBIT-adjusted of $12.5 billion to $14.5 billion (previously $12.0 billion to $14.0 billion) and net income attributable to stockholders of $10.1 billion to $11.5 billion (previously $9.8 billion to $11.2 billion).
The company said Net automotive cash provided by operating activities was $3,598 million for Q1 2024 ($2,232 million a year earlier), and Adjusted automotive free cash flow was $1,090 million ($(132) million a year earlier).
The company said GMNA EBIT-adjusted was $3,840 million for Q1 2024 ($3,576 million a year earlier), and GMI EBIT (loss)-adjusted was $(10) million ($347 million a year earlier).
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q1 2024 Revenue, Net Income and EBIT-adjusted
GM reported revenue of $43.0 billion for the Q1 2024 (3-month) period, net income attributable to stockholders of $3.0 billion, and EBIT-adjusted of $3.9 billion. The company said revenue rose 7.6% from a year earlier, and net income increased 24.4%.
Source · Based on the filing body and exhibits
GM Raises 2024 Full-Year Outlook
GM said it now expects full-year 2024 EBIT-adjusted of $12.5 billion to $14.5 billion (previously $12.0 billion to $14.0 billion) and net income attributable to stockholders of $10.1 billion to $11.5 billion (previously $9.8 billion to $11.2 billion).
Source · Based on the filing body and exhibits
Automotive Operating Cash Flow and Free Cash Flow
The company said Net automotive cash provided by operating activities was $3,598 million for Q1 2024 ($2,232 million a year earlier), and Adjusted automotive free cash flow was $1,090 million ($(132) million a year earlier).
Source · Based on the filing body and exhibits
EBIT-adjusted Differences by Segment
The company said GMNA EBIT-adjusted was $3,840 million for Q1 2024 ($3,576 million a year earlier), and GMI EBIT (loss)-adjusted was $(10) million ($347 million a year earlier).
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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