GM's 2020 financial report: annual net profit of 6.4 billion US dollars
China Automotive News, February 25th. A few days ago, General Motors officially released its 2020 full-year financial report in Detroit. According to China Automotive News, GM’s net profit last year reached 6.4 billion U.S. dollars, adjusted pre-interest and tax profit reached 9.7 billion U.S. dollars, and adjusted pre-interest and tax profit margin was 7.9%. The performance in the fourth quarter was strong, with a number of financial indicators hitting record highs and net profit of US$2.8 billion.
According to official sources, Ms. Mary Barra, Chairman and CEO of General Motors, said in a letter to shareholders: “In the face of the impact of the global epidemic, General Motors is ensuring a stable While developing our main business, we accelerate the development of electric vehicles and autonomous driving. We work with employees, dealers and suppliers to actively help consumers and society respond to the challenges posed by the epidemic.'
2020 Annual Financial Report Summary
Diluted earnings per share are 4.33 U.S. dollars, and adjusted diluted earnings per share are 4.90 U.S. dollars
Net profit reached 6.4 billion U.S. dollars, and adjusted pre-interest and tax profit reached 9.7 billion U.S. dollars
The adjusted EBIT margin is 7.9%
Automotive business cash flow reached 7.5 billion U.S. dollars, adjusted auto business cash flow reached 2.6 billion U.S. dollars
The adjusted pre-interest and tax profit in the North American market reached 9.1 billion U.S. dollars, and the adjusted pre-interest and tax profit rate was 9.4%
Earnings before interest and taxes after the adjustment of the international market is (500 million US dollars), and the investment income in the Chinese market reaches 500 million US dollars
Pre-tax profit of GM's financial business reached US$2.7 billion, a record high
The highlights of the fourth quarter of 2020 earnings
Diluted earnings per share are 1.93 US dollars, adjusted diluted earnings per share are 1.93 US dollars
Net profit reached 2.8 billion U.S. dollars, adjusted profit before interest and tax reached 3.7 billion U.S. dollars
The adjusted EBIT margin is 9.9%
