Investor Presentaiton
gm
Impact of Special Items on GAAP Reported
Earnings
($B)
Total net sales and revenues
Costs and expenses
Q2 2022
Q2 2023
Reported
Special items
Adjusted
(Non-GAAP)
Reported
Special items
35.8
35.8
44.7
Adjusted
(Non-GAAP)
44.7
Automotive and other cost of sales
29.3
29.3
36.6
0.11
36.7
GM Financial operating and other expenses
2.1
2.1
2.8
2.8
Automotive and other SG&A
2.3
2.3
2.6
(0.2)²
2.3
Total costs and expenses
33.6
33.6
41.9
(0.2)
41.8
Operating income
2.1
2.1
2.8
(0.2)
3.0
Net automotive interest expense, interest income,
0.0
0.0
0.2
0.2
other non-operating income, and equity income
Tax expense (benefit)
0.5
0.5
0.5
0.1
0.6
Net Income
1.6
1.6
2.5
0.1
2.6
Net loss (income) attributable to noncontrolling interests
0.1
0.1
0.1
0.1
Net income attributable to stockholders
1.7
1.7
2.6
0.1
2.7
Memo: depreciation, amortization and impairments
2.9
2.9
2.9
2.9
1 This adjustment was excluded because it relates to the partial resolution of subcontractor matters in Korea.
2 This adjustment was excluded because it relates to strategic activities to transition certain Buick dealers out of our dealer network as part of Buick's EV strategy.
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