The project relates to the latest 10-K of General Motors, for fiscal year ending December, 31 2019.

Part I:

1. Analyze the contingent liability disclosure for GM. What types of contingent liabilities, if any, are reported in the notes to the financial statements? Are any of these contingent liabilities also reported on the face of the balance sheet? Explain why or why not.
2. In your opinion, do the contingent liabilities of GM represent significant risk to its shareholders? Explain briefly why or why not.
3. Does GM report any long term bonds or notes payable? If so, what is the weighted average interest rate on the long-term debt? In your opinion, is this rate reasonable considering GM’s financial position? Explain.
4. How much long term debt is due in the next five years? In your opinion, does GM have the resources to meet these maturing liabilities? Explain.
5. What is the credit rating assigned to GM’s various debt obligations, if available? Is this rating high or low?
6. Are there any significant long-term obligations that are not disclosed on the face of the balance sheet? If so, how large are these obligations and what are they related to?

Part II:

1. Using the financial statements, list the par value, shares authorized, shares issued, and shares outstanding of GM’s common stock. What is the total capital raised from common shareholders? What accounts for the difference between shares issued and shares outstanding?
2. How much money did GM spent on repurchasing its stock during the latest fiscal year? How much money did GM spent on paying dividends to common stock during the latest fiscal year?
3. Does GM have a stock option or a stock grant program? What kind of securities does it consist of? What is the stock option / stock grant expense for the latest fiscal year?
4. What is Accumulated Other Comprehensive Income? Why is the income reported on the balance sheet and not on the income statement? What was GM’s Comprehensive Income for the latest fiscal year? Why is Comprehensive Income different from Net Income? Which number should matter more to shareholders? Why?
5. Using the financial statements, report the basic and diluted EPS for GM. Using the notes to the financial statement, explain why these two numbers differ. In other words, what securities contribute to the difference between basic and diluted EPS?