Financial Highlights
(Dollars in millions, except per share amounts) Years Ended December 31, |
2007 |
2006 |
2005 |
||||||
Net sales and revenue |
|||||||||
Automotive sales |
$ |
178,199 |
$ |
171,179 |
$ |
158,623 |
|||
Financial services and insurance revenue |
$ |
2,923 |
$ |
34,422 |
$ |
34,427 |
|||
Total net sales and revenues |
$ |
181,122 |
$ |
205,601 |
$ |
193,050 |
|||
Worldwide production (units in thousands) |
9,286 |
9,181 |
9,051 |
||||||
Adjusted net income (loss)(1) |
|||||||||
Income (loss) |
$ |
(23 |
) |
$ |
2,176 |
$ |
(3,205 |
) |
|
Diluted earnings (loss) per share |
$ |
(0.04 |
) |
$ |
3.84 |
$ |
(5.67 |
) |
|
Adjusted net profit margin |
– |
% |
1.1 |
% |
(1.7 |
)% |
|||
Loss before cumulative effect of a change in accounting principle |
$ |
(38,732 |
) |
$ |
(1,978 |
) |
$ |
(10,308 |
) |
Cumulative effect of a change in accounting principle |
– |
– |
$ |
(109 |
) |
||||
Net loss |
$ |
(38,732 |
) |
$ |
(1,978 |
) |
$ |
(10,417 |
) |
Net profit margin before cumulative effect of a change in accounting principle |
(21.4 |
)% |
(1.0 |
)% |
(5.3 |
)% |
|||
Diluted earnings (loss) per share |
|||||||||
Before cumulative effect of a change in accounting principle |
$ |
(68.45 |
) |
$ |
(3.50 |
) |
$ |
(18.23 |
) |
Net income |
$ |
(68.45 |
) |
$ |
(3.50 |
) |
$ |
(18.42 |
) |
Book value per share of common stock |
$ |
(65.54 |
) |
$ |
(9.99 |
) |
$ |
25.52 |
|
Number of common shares outstanding as of December 31 (in millions) |
566 |
566 |
566 |
||||||
(1) A reconciliation of adjusted amounts in these Financial Highlights and in the Chairman’s Letter to Stockholders to amounts determined in accordance with accounting principles generally accepted in the United States may be found at www.gm.com/corporate/investor_information/earnings/, Earnings Releases, Financial Highlights. |