43B 0.1%
Total Revenue QoQ (USD) - Q1 '24

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Income Statement (USD)

Q1 '24 QoQ
Revenue 43B 0.1%
Gross Profit 42.9B 2.4%
Cost of Revenue 114M 89.6%
Operating expense 39.3B 6.6%
Net Income 2.98B 41.8%
EBITDA 6.54B 45%

Balance Sheet (USD)

Q1 '24 QoQ
Total Assets 277B 1.3%
Total Liabilities 206B 0.6%
Total Equity 66.6B 3.6%
Shares Outstanding 1.1B 8.3%

Cash Flow (USD)

Q1 '24 QoQ
Cash from operations 3.15B 13.8%
Cash from investing -3.91B 52.7%
Cash from financing 300M 103.7%

EPS

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Financial Highlights for General Motors in Q1 '24

General Motors reported a revenue of 43B, which is a 0.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.

Gross Profit stood at 42.9B, marking a 2.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 114M, a -89.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 39.3B, showing a -6.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was 2.98B, showing a 41.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

The company's EBITDA for the quarter was 6.54B, showing a 45% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.

It was a positive quarter for General Motors with growth in revenue, gross profit, and net income.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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