Filing Flows

Filing Flows › Companies › General Motors › Cash flow

General Motors cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$5.0B in Q3 2026 · $14.4B over twelve months

Operating cash flow$7.3B
Capital spending−$2.3B
Free cash flow+$5.0B
Cash / net income2.2×

Analysis

In Q3 2026, General Motors generated $7.3B of operating cash flow and spent $2.3B on capital projects, leaving free cash flow of $5.0B. That is $3.0M less than in Q3 2025 ($5.0B).

Over the twelve months to Sep 30, 2026, operating cash flow was $23.4B; the largest uses were capital spending ($9.0B), buybacks ($7.8B), net borrowing (+) / repaid (−) ($2.9B); the cash balance rose by $814M.

Operating cash flow was $7.3B against net income of $3.4B — 2.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$2.9B, other operating capital +$888M, deferred taxes +$642M.

Free cash flow

General Motors: free cash flow by quarterGeneral Motors: free cash flow by quarter$907MQ4 2024$4.2BQ1 2025$4.8BQ2 2025$5.0BQ3 2025$3.6BQ4 2025$1.4BQ1 2026$4.4BQ2 2026$5.0BQ3 2026
Operating cash flow less capital spending.
General Motors: operating cash flow against capital spendingGeneral Motors: operating cash flow against capital spendingOperating cash flowCapital spending$4.1B$3.2BQ4 2024$6.1B$1.8BQ1 2025$6.9B$2.1BQ2 2025$7.1B$2.1BQ3 2025$6.8B$3.2BQ4 2025$3.0B$1.5BQ1 2026$6.4B$1.9BQ2 2026$7.3B$2.3BQ3 2026
Latest (Q3 2026): Operating cash flow $7.3B, Capital spending $2.3B.

Capital allocation, year by year

General Motors: where the cash came from (up) and went (down), by fiscal yearGeneral Motors: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY2021: Operating cash flow $15.2BFY2021: Net borrowing $406MFY2021: Shares issued $1.7BFY2021: Capital spending −$7.5BFY2021: Dividends −$186M$17.3BFY2021FY2022: Operating cash flow $16.0BFY2022: Net borrowing $6.6BFY2022: Capital spending −$9.2BFY2022: Buybacks −$2.5BFY2022: Dividends −$397M$22.6BFY2022FY2023: Operating cash flow $20.9BFY2023: Net borrowing $6.1BFY2023: Capital spending −$11.0BFY2023: Buybacks −$11.1BFY2023: Dividends −$597M$27.1BFY2023FY2024: Operating cash flow $20.1BFY2024: Net borrowing $10.2BFY2024: Capital spending −$10.8BFY2024: Buybacks −$7.1BFY2024: Dividends −$653M$30.3BFY2024FY2025: Operating cash flow $26.9BFY2025: Net borrowing −$2.7BFY2025: Capital spending −$9.3BFY2025: Buybacks −$6.0BFY2025: Dividends −$657M$26.9BFY2025
Over these 5 years operating cash flow totalled $99.2B; the largest uses were capital spending ($47.9B) and buybacks ($26.7B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$27.8B
Debt$131.6B
Net debt$103.8B

General Motors funds itself: free cash flow was $14.4B over the last twelve months, and $27.8B of cash and investments stands against $131.6B of debt.

Where the cash came from and went

General Motors: sources (+) and uses (−) of cash, Q3 2026General Motors: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$7.3BCash drawn (+) / kept (−)−$3.4BBuybacks−$2.5BCapital spending−$2.3BNet borrowing (+) / repaid (−)$1.9BOther investing−$727MDividends−$215MExchange rates$54.0MOther financing−$43.0MNot reconciled$1.0M
General Motors: sources (+) and uses (−) of cash, TTM to Q3 2026General Motors: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$23.4BCapital spending−$9.0BBuybacks−$7.8BNet borrowing (+) / repaid (−)−$2.9BOther investing−$1.2BDividends−$1.2BCash drawn (+) / kept (−)−$814MOther financing−$400MExchange rates−$89.0MNot reconciled−$1.0M

From profit to cash

General Motors: net income to operating cash flow, Q3 2026General Motors: net income to operating cash flow, Q3 2026Net income$3.4BDepreciation & amortization$2.9BDeferred taxes$642MImpairments−$60.0MOther operating capital$888MOperating cash flow$7.3B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$7.3B−$2.3B−$2.5B−$215M$1.9B−$3.4B$5.0B
Q2 2026$6.4B−$1.9B−$2.0B−$608M−$17.0M$487M$4.4B
Q1 2026$3.0B−$1.5B−$800M−$223M−$2.3B$221M$1.4B
Q4 2025$6.8B−$3.2B−$2.5B−$138M−$2.5B$1.9B$3.6B
Q3 2025$7.1B−$2.1B−$1.5B−$200M−$3.6B−$410M$5.0B
Q2 2025$6.9B−$2.1B—−$144M$1.5B−$1.8B$4.8B
Q1 2025$6.1B−$1.8B−$2.0B−$175M$1.9B−$1.1B$4.2B
Q4 2024$4.1B−$3.2B−$4.7B−$127M$3.9B$3.8B$907M

General Motors: income statement and cash flow

General Motors, Q3 2026: revenue $50.0B (+3% year over year), operating margin 7.2%. The chart follows the revenue to costs, profit and cash.

General Motors: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.