General Motors Company (NYSE: GM) today announced its calendar year 2010 results marked by $4.7 billion of net income attributable to common stockholders for its first full year of operations.
Revenue for the calendar year was $135.6 billion. Automotive cash flow from operating activities was $6.6 billion and automotive free cash flow was $2.4 billion, both reflecting the impact of a $4.0 billion voluntary cash contribution to the company's U.S. pension plans.
"Last year was one of foundation building," said Dan Akerson, chairman and chief executive officer. "Particularly pleasing was that we demonstrated GM's ability to achieve sustainable profitability near the bottom of the U.S. industry cycle, with four consecutive profitable quarters."
Wait just a dang minute. This is Gummint Motors; this is where all them commie unionist bastards are suckin' the federal teat dry; this is totally against what DumFux News says is even possible.
Barron's
BTW: all this good news was left over after GM paid back $700 MILLION in US Treasuries. Still a long way to go, but they should at least get an Atta Boy once in a while.
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