General Motors burned through $6.2 billion in cash on its way to losing $9.6 billion in the fourth quarter, the company announced today, dragging its liquidity down to $14 billion. Analysts were expecting a loss, but not one this ghastly—the company’s stock is down nearly 24% in pre-market trading, the Wall Street Journal reports. The figures include $4 billion in federal loan money. (More General Motors stories.)