What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2021-02-10 compared with 2020-02-05 · 19 added, 40 removed, 8 unchanged (88% of the section changed)

2 unchanged sentences

Holders At January 29, 2021, we had 1.4 billion issued and outstanding shares of common stock held by 471 holders of record.

GENERAL MOTORS COMPANY AND SUBSIDIARIES

Stock Performance Graph The following graph compares the performance of our common stock to the Standard & Poor's 500 Stock Index and the Dow Jones Automobile & Parts Titans 30 Index for the last five years.

It assumes $100 was invested o n December 31, 2015, with dividends being reinvested.

The following table summarizes stock performance graph data points in dollars:

Years ended December 31,

2015 2016 2017 2018 2019 2020

General Motors Company $100 $107 $132 $112 $128 $148

S&P 500 Stock Index $100 $112 $136 $130 $171 $203

Dow Jones Automobile & Parts Titans 30 Index $100 $98 $118 $93 $106 $160

GENERAL MOTORS COMPANY AND SUBSIDIARIES

Purchases of Equity Securities The following table summarizes our purchases of common stock in the three months ended December 31, 2020:

Total Number of Shares Purchased(a)

Weighted Average Price Paid per Share

Total Number of Shares Purchased Under Announced Programs(b)

Approximate Dollar Value of Shares That May Yet be Purchased Under Announced Programs

October 1, 2019 through October 31, 2019

November 1, 2019 through November 30, 2019

December 1, 2019 through December 31, 2019

Shares purchased consist of shares delivered by employees or directors to us for the payment of taxes resulting from issuance of common stock upon the vesting of Restricted Stock Units (RSUs), Performance Stock Units (PSUs) and Restricted Stock Awards (RSAs) relating to compensation plans.

In June 2017 our shareholders approved the 2017 Long Term Incentive Plan, which authorizes awards of stock options, stock appreciation rights, RSAs, RSUs, PSUs or other stock-based awards to selected employees, consultants, advisors, and non-employee Directors of the Company.

Total Number of Shares Purchased(a) Weighted Average Price Paid per Share Total Number of Shares Purchased Under Announced Programs(b) Approximate Dollar Value of Shares That May Yet be Purchased Under Announced Programs

October 1, 2020 through October 31, 2020 38,520 $ 30.97 — $3.3 billion

November 1, 2020 through November 30, 2020 26,509 $ 45.06 — $3.3 billion

December 1, 2020 through December 31, 2020 29,198 $ 41.62 — $3.3 billion

Total 94,227 $ 38.23 —

(a) Shares purchased consist of shares delivered by employees or directors to us for the payment of taxes resulting from issuance of common stock upon the vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) relating to compensation plans.

In June 2017 our shareholders approved the 2017 Long Term Incentive Plan, which authorizes awards of stock options, stock appreciation rights, RSUs, PSUs or other stock-based awards to selected employees, consultants, advisors, and non-employee Directors of the Company.

Refer to Note 23 to our consolidated financial statements for additional details on employee stock incentive plans.

In January 2017 we announced that our Board of Directors had authorized the purchase of up to an additional $5.0 billion of our common stock with no expiration date.

(b) In January 2017, we announced that our Board of Directors had authorized the purchase of up to an additional $5.0 billion of our common stock with no expiration date.

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GENERAL MOTORS COMPANY AND SUBSIDIARIES

Selected Financial Data

At and for the Years Ended December 31,

Income Statement Data:

Total net sales and revenue

Income from continuing operations(a)

Basic earnings per common share – continuing operations(a)

Diluted earnings per common share – continuing operations(a)

Dividends declared per common share

Balance Sheet Data:

Total assets(b)

Automotive notes and loans payable

GM Financial notes and loans payable

We estimate that the lost vehicle production volumes and parts sales due to the UAW strike had an unfavorable pre-tax impact of approximately $3.6 billion on our Income from continuing operations in the year ended December 31, 2019.

In the year ended December 31, 2019 we recorded:

(1) pre-tax charges of $1.8 billion related to transformation activities including accelerated depreciation, supplier-related charges and other charges;

and (2) a pre-tax benefit of $1.4 billion related to the retrospective recoveries of indirect taxes in Brazil.

In the year ended December 31, 2018 we recorded:

(1) pre-tax charges of $1.3 billion related to transformation activities including employee separation, accelerated depreciation and other charges;

(2) pre-tax charges of $1.1 billion related to the closure of a facility and other restructuring actions in Korea;

(3) pre-tax charges of $0.4 billion for ignition switch related legal matters;

and (4) a non-recurring tax benefit of $1.0 billion related to foreign earnings.

In the year ended December 31, 2017 we recorded:

(1) tax expense of $7.3 billion related to U.S.

tax reform legislation;

(2) $2.3 billion related to the establishment of a valuation allowance against deferred tax assets that will no longer be realizable as a result of the sale of the Opel/Vauxhall Business;

and (3) pre-tax charges of $0.5 billion related to restructuring actions in India and South Africa.

In the year ended December 31, 2015 we recorded:

(1) the reversal of deferred tax asset valuation allowances of $3.9 billion in Europe;

and (2) pre-tax charges related to the Ignition Switch Recall Compensation Program and for various legal matters of approximately $1.6 billion.

Total assets included assets held for sale of $20.6 billion and $20.0 billion at December 31, 2016 and 2015.

Not applicable.

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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity