GM » Topics » Summary Corporate Financial Results

This excerpt taken from the GM 8-K filed May 12, 2009.

Summary Corporate Financial Results

(Dollars in billions)

(Unaudited)

 

     Three Months Ended
March 31,
 
     2009     2008  

Adjusted Operating Cash Flow:

    

Total pre-tax earnings (loss) (a)

   $ (6.1 )   $ (2.6 )

Depreciation, amortization and impairments

     2.5       2.2  

Capital expenditures

     (1.6 )     (1.9 )

Change in receivables, payables and inventory

     (1.9 )     (2.2 )

Pension and OPEB expense (net of payments)

     (0.5 )     (0.7 )

Accrued expenses and other

     (2.6 )     2.1  
                

Total Adjusted Operating Cash Flow

   $ (10.2 )   $ (3.1 )
                

GAAP to Adjusted Operating Cash Flow:

    

Net cash used in operating activities (GAAP) (b)

   $ (9.4 )   $ (1.6 )

Capital expenditures

     (1.6 )     (1.9 )

Restructuring costs

     0.5       0.3  

Delphi restructuring costs

     0.3       —    

Other

     —         0.1  
                

Total Adjusted Operating Cash Flow

   $ (10.2 )   $ (3.1 )
                

 

(a) Defined here as Operating income (loss) before income taxes and after equity income and net income attributable to noncontrolling interests.
(b) Operating cash flow from operations.

 

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