8-KItem 1.01 · Material AgreementItem 2.03 · Financial ObligationItem 8.01 · Other EventsItem 9.01 · Financial Statements
GM outlines accounting for supplier prepayment financing program
Filed with the SEC on · Summarized by InvestorsBot
GM will treat prepayments made to suppliers under the program as company assets, while each inventory purchase unit will be recorded as unsecured debt. Payments made by the Paying Agent will be classified as operating cash outflows offset by financing inflows and excluded from Adjusted Automotive Free Cash Flow until GM purchases the inventory.