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Ford Motor Co (F) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Ford Motor Co

CIK: 37996 Ticker: F


|
 NEWS
 
 
 
 
 
www.facebook.com/ford
www.twitter.com/ford

Ford Posts Highest Fourth Quarter Pre-Tax Profit in More Than a Decade; Full Year Pre-Tax Profit of $8 Billion and Net Income of $5.7 Billion+ 
Strong full year pre-tax profit was $8 billion, or $1.41 per share, a decrease of $797 million from a year ago
Full year net income was $5.7 billion, or $1.42 per share; excluding impact of 2011 changes in valuation allowance against deferred tax assets, full year 2012 net income was $307 million lower than 2011
Positive Automotive operating-related cash flow was $3.4 billion for the full year and $1 billion for the fourth quarter — the 11th consecutive quarter of positive performance. Ford ended 2012 with Automotive gross cash of $24.3 billion, exceeding debt by $10 billion, and a strong liquidity position of $34.5 billion, an increase of $2.1 billion over 2011
Ford had its highest fourth quarter pre-tax profit in more than a decade — when trucks and SUVs were a more significant portion of the U.S. product mix — at $1.7 billion, or $0.31 per share, an increase of $577 million from fourth quarter 2011. Ford has now posted a pre-tax operating profit for 14 consecutive quarters
Total company fourth quarter net income was $1.6 billion, or $0.40 per share; excluding impact of 2011 changes in valuation allowance against deferred tax assets, fourth quarter net income was $565 million higher than 2011
Total Automotive full-year pre-tax profit of $6.3 billion was driven by Ford North America results, which set fourth quarter and full year records for pre-tax profit and operating margin since Ford began reflecting the region as a separate business unit in 2000. For the full year, Ford North America's pre-tax profit was $8.3 billion with an operating margin of 10.4 percent
Ford Credit reported continued solid performance with a full year pre-tax profit of $1.7 billion
For 2013 outlook, Ford expects another strong year, with Total Company operating profit to be about equal to 2012, Automotive operating margin to be about equal to or lower than 2012, and Automotive operating-related cash flow to be higher than 2012
Financial Results Summary +
 
Fourth Quarter
 
Full Year
 
 
2011
 
2012
 
B/(W) 2011
 
2011
 
2012
 
B/(W) 2011
Wholesales (000)
 
1,427

 
1,534

 
107

 
5,695

 
5,668

 
(27)

Revenue (Bils.)
 
$
34.6

 
$
36.5

 
$
1.9

 
$
136.3

 
$
134.3

 
$
(2.0
)
Operating Results
 
 
 
 
 


 
 
 
 
 


Pre-tax results (Mils.)++
 
$
1,104

 
$
1,681

 
$
577

 
$
8,763

 
$
7,966

 
$
(797
)
After-tax results (Mils.)+++
 
797

 
1,241

 
444

 
6,119

 
5,596

 
(523
)
Earnings per share+++
 
0.20

 
0.31

 
0.11

 
1.51

 
1.41

 
(0.10
)
Special items pre-tax (Mils.)
 
$
349

 
$
160

 
$
(189
)
 
$
(82
)
 
$
(246
)
 
$
(164
)
Net income attributable to Ford -- excl. 2011 changes in val. allow. against deferred tax assets
 
 
 
 
 
 
 
 
 
 
 
 
After-tax results (Mils.)
 
$
1,033

 
$
1,598

 
$
565

 
$
5,972

 
$
5,665

 
$
(307
)
Net income attributable to Ford
 
 
 
 
 


 
 
 
 
 


After-tax results (Mils.)
 
$
13,615

 
$
1,598

 
$
(12,017
)
 
$
20,213

 
$
5,665

 
$
(14,548
)
Earnings per share
 
3.40

 
0.40

 
(3.00
)
 
4.94

 
1.42

 
(3.52
)
Automotive
 
 
 
 
 


 
 
 
 
 


Operating-related cash flow (Bils.)
 
$
0.7

 
$
1.0

 
$
0.3

 
$
5.6

 
$
3.4

 
$
(2.2
)
Gross cash (Bils.)
 
$
22.9

 
$
24.3

 
$
1.4

 
$
22.9

 
$
24.3

 
$
1.4

Debt (Bils.)
 
(13.1
)
 
(14.3
)
 
(1.2
)
 
(13.1
)
 
(14.3
)
 
(1.2
)
  Net cash (Bils.)
 
$
9.8

 
$
10.0


$
0.2


$
9.8


$
10.0


$
0.2

See end notes on page 7.

1
For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.
Follow at www.facebook.com/ford, www.twitter.com/ford or www.youtube.com/fordvideo1




The following information was filed by Ford Motor Co (F) on Tuesday, January 29, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Schedule Of Valuation And Qualifying Accounts
Schedule Of Valuation And Qualifying Accounts (details)
Consolidated And Sector Balance Sheet
Consolidated And Sector Balance Sheet (parenthetical)
Consolidated And Sector Income Statement
Consolidated And Sector Statement Of Cash Flows
Consolidated Statement Of Comprehensive Income
Consolidated Statement Of Equity
Accounting Standards Issued But Not Yet Adopted
Accrued Liabilities And Deferred Revenue
Accrued Liabilities And Deferred Revenue (details)
Accrued Liabilities And Deferred Revenue (tables)
Accumulated Other Comprehensive Income/(loss)
Accumulated Other Comprehensive Income/(loss) (details)
Accumulated Other Comprehensive Income/(loss) (tables)
Allowance For Credit Losses
Allowance For Credit Losses (details)
Allowance For Credit Losses (tables)
Balance Sheet Effect Of Derivative Financial Instruments (details)
Capital Stock And Amounts Per Share
Capital Stock And Amounts Per Share (details)
Capital Stock And Amounts Per Share (tables)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Credit Facilities And Committed Liquidity Programs (details)
Debt And Commitments
Debt And Commitments (tables)
Debt And Commitments - Asset Backed Debt (details)
Debt And Commitments - Debt Instruments Atvm Incentive Program, Eib Credit Facility, And Automotive Credit Facilities (details)
Debt And Commitments - Debt Instruments Convertible Notes (details)
Debt And Commitments - Debt Outstanding (details)
Debt And Commitments - Debt Repurchases And Calls (details)
Debt And Commitments - Maturities (details)
Debt And Commitments - Public Unsecured Debt Securities (details)
Derivative Financial Instruments And Hedging Activities
Derivative Financial Instruments And Hedging Activities (tables)
Derivative Financial Instruments And Hedging Activities Counterparty Risk And Collateral (details)
Derivative Financial Instruments And Hedging Activities Income Effect Of Derivative Financial Instruments (details)
Dispositions And Other Changes In Investments In Affiliates
Dispositions And Other Changes In Investments In Affiliates (details)
Dispositions And Other Changes In Investments In Affiliates (tables)
Employee Separation Actions
Employee Separation Actions (details)
Employee Separation Actions (tables)
Equity In Net Assets Of Affiliated Companies
Equity In Net Assets Of Affiliated Companies (details)
Equity In Net Assets Of Affiliated Companies (tables)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Input Hierarchy Of Items Measured At Fair Value On A Recurring Basis (details)
Fair Value Measurements - Reconciliation Of Changes In Level 3 Balances (details)
Fair Value Measurements Information About Fair Value Measurements Using Significant Unobservable Inputs (details)
Fair Value Measurements Nonrecurring Fair Value Changes (details)
Finance Receivables
Finance Receivables (details)
Finance Receivables (tables)
Finance Receivables - Credit Quality (details)
Finance Receivables - Impaired And Non-accrual Receivables And Troubled Debt Restructurings (details)
Finance Receivables - Maturities And Investments In Direct Financing Leases (details)
Finance Receivables Aging (details)
Finance Receivables Net (details)
Geographic Information
Geographic Information (details)
Geographic Information (tables)
Income Taxes
Income Taxes (details)
Income Taxes (tables)
Input Hierarchy Of Items Measured At Fair Value On A Nonrecurring Basis (details)
Inventories
Inventories (details)
Inventories (tables)
Marketable And Other Securities
Marketable And Other Securities (details)
Marketable And Other Securities (tables)
Net Intangible Assets
Net Intangible Assets (details)
Net Intangible Assets (tables)
Net Investment In Operating Leases
Net Investment In Operating Leases (details)
Net Investment In Operating Leases (tables)
Net Property And Lease Commitments
Net Property And Lease Commitments (details)
Net Property And Lease Commitments (tables)
Notes Receivable, Net (details)
Operating Cash Flows
Operating Cash Flows (details)
Operating Cash Flows (tables)
Other Income (loss)
Other Income (loss) (tables)
Other Income And Loss (details)
Presentation
Presentation (tables)
Presentation - Reconciliations Between Consolidated And Sector Deferred Taxes (details)
Presentation - Sector To Consolidated Cash Flow Reconciliation (details)
Presentation - Venezuelan Operations (details)
Presentation Transactions Between Sectors (details)
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interest (details)
Redeemable Noncontrolling Interest (tables)
Restricted Cash
Restricted Cash (details)
Restricted Cash (tables)
Retirement Benefits
Retirement Benefits (details)
Retirement Benefits (tables)
Retirement Benefits - Changes In Level 3 Pension Benefit Plan Assets Measured At Fair Value On A Recurring Basis (details)
Retirement Benefits - Expense (details)
Retirement Benefits - Fair Value Of Plan Assets (details)
Retirement Benefits - Status (details)
Segment Information
Segment Information (details)
Segment Information (tables)
Selected Quarterly Financial Data
Selected Quarterly Financial Data (details)
Selected Quarterly Financial Data (tables)
Share-based Compensation
Share-based Compensation (details)
Share-based Compensation (tables)
Summary Of Accounting Policies (details)
Summary Of Accounting Policies (notes)
Summary Of Accounting Policies (policies)
Summary Of Accounting Policies (tables)
Variable Interest Entities
Variable Interest Entities (tables)
Variable Interest Entities - Vies Of Which We Are Not The Primary Beneficiary (details)
Variable Interest Entities - Vies Of Which We Are The Primary Beneficiary (details)
Ticker: F
CIK: 37996
Form Type: 10-K Annual Report
Accession Number: 0000037996-13-000014
Submitted to the SEC: Tue Feb 19 2013 7:12:51 AM EST
Accepted by the SEC: Tue Feb 19 2013
Period: Monday, December 31, 2012
Industry: Motor Vehicles And Passenger Car Bodies

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