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)



     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       —    


     —         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.



General Motors Corporation and Subsidiaries

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