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GM » Topics » Transactions with Nonconsolidated Affiliates

This excerpt taken from the GM 8-K filed May 14, 2009.

Transactions with Nonconsolidated Affiliates

Our nonconsolidated affiliates are involved in various aspects of the development, production and marketing of cars, trucks and parts. The following tables summarize the effects of our transactions with nonconsolidated affiliates which are not eliminated in consolidation:

Results of Operations

 

     Years Ended December 31,
     2008    2007    2006
     (Dollars in millions)

Automotive sales

    $ 1,076    $ 793    $ 850

Cost of sales

    $ 3,815    $ 3,850    $ 4,612

Selling, general and administrative expense

    $ 62    $ 81    $ 67

Interest expense

    $ —      $ 1    $ 1

Interest income and other non-operating income, net

    $ 231    $ 816    $ 489

Financial Position

 

     December 31,
     2008    2007
     (Dollars in millions)

Accounts and notes receivable, net

    $ 394    $ 478

Accounts payable (principally trade)

    $ 112    $ 126

GENERAL MOTORS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 

Cash Flows

 

     Years Ended December 31,  
     2008     2007     2006  
     (Dollars in millions)  

Operating

    $ (1,014 )   $ (1,837 )   $ (2,269 )

Investing

    $ 370     $ 254     $ 30  

Financing

    $ —       $ 1     $ (1 )
This excerpt taken from the GM 10-Q filed May 8, 2009.

Transactions with Nonconsolidated Affiliates

Our nonconsolidated affiliates are involved in various aspects of the development, production and marketing of cars, trucks and parts. The following tables summarize the effects of our transactions with nonconsolidated affiliates which are not eliminated in consolidation:

 

     Three Months Ended
March 31,
     2009    2008
     (Dollars in millions)

Results of Operations

      

Automotive sales

    $ 247    $ 289

Cost of sales

    $ 376    $ 1,116

Selling, general and administrative expense

    $ 13    $ 31

Interest income and other non-operating income, net

    $ 1    $ 2

 

     March 31,
2009		    December 31,
2008		    March 31,
2008
     (Dollars in millions)

Financial Position

         

Accounts and notes receivable, net

    $ 371    $ 394    $ 574

Accounts payable (principally trade)

    $ 158    $ 112    $ 197

 

     Three Months Ended
March 31,		  
     2009     2008  
     (Dollars in millions)  

Cash Flows

     

Operating

    $ 389     $ (482 )

Investing

    $ 10     $ 27  

Financing

    $ (2 )   $ —  
These excerpts taken from the GM 10-K filed Mar 5, 2009.

Transactions with Nonconsolidated Affiliates

Our nonconsolidated affiliates are involved in various aspects of the development, production and marketing of cars, trucks and parts. The following tables summarize the effects of our transactions with nonconsolidated affiliates which are not eliminated in consolidation:

Results of Operations

 

     Years Ended December 31,
     2008    2007    2006
     (Dollars in millions)

Automotive sales

    $ 1,076    $ 793    $ 850

Automotive cost of sales

    $ 3,815    $ 3,850    $ 4,612

Selling, general and administrative expense

    $ 62    $ 81    $ 67

Automotive and other interest expense

    $ —    $ 1    $ 1

Automotive interest income and other non-operating income, net

    $ 231    $ 816    $ 489

Financial Position

 

     December 31,
         2008            2007    
     (Dollars in millions)

Accounts and notes receivable, net

    $ 394    $ 478

Accounts payable (principally trade)

    $ 112    $ 126

 

169

GENERAL MOTORS CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 

Cash Flows

 

     Years Ended December 31,  
     2008     2007     2006  
     (Dollars in millions)  

Operating

    $ (1,014 )   $ (1,837 )   $ (2,269 )

Investing

    $ 370     $ 254     $ 30  

Financing

    $ —     $ 1     $ (1 )

Transactions with Nonconsolidated Affiliates

Our nonconsolidated affiliates are involved in various aspects of the development, production and marketing of cars, trucks and
parts. The following tables summarize the effects of our transactions with nonconsolidated affiliates which are not eliminated in consolidation:

Results
of Operations

 






















































































   Years Ended December 31,
   2008  2007  2006
   (Dollars in millions)

Automotive sales

  $1,076  $793  $850

Automotive cost of sales

  $3,815  $3,850  $4,612

Selling, general and administrative expense

  $62  $81  $67

Automotive and other interest expense

  $—  $1  $1

Automotive interest income and other non-operating income, net

  $231  $816  $489

Financial Position

 










































   December 31,
       2008          2007    
   (Dollars in millions)

Accounts and notes receivable, net

  $394  $478

Accounts payable (principally trade)

  $112  $126

 


169








GENERAL MOTORS CORPORATION AND SUBSIDIARIES

STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

SIZE="1"> 


Cash Flows

 

















































































   Years Ended December 31, 
   2008  2007  2006 
   (Dollars in millions) 

Operating

  $(1,014) $(1,837) $(2,269)

Investing

  $370  $254  $30 

Financing

  $—  $1  $(1)

EXCERPTS ON THIS PAGE:

8-K
May 14, 2009
10-Q
May 8, 2009
10-K (2 sections)
Mar 5, 2009

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