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Ford Motor Co (F) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Ford Motor Co

CIK: 37996 Ticker: F




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

Ford Posts Full Year 2013 Pre-Tax Profit of $8.6 Billion, One of the Company’s Best Years Ever; Net Income of $7.2 Billion+ 

Full year 2013 pre-tax profit of $8.6 billion, an increase of $603 million from a year ago, was one of Ford’s best years ever; full year earnings per share of $1.62, an increase of 21 cents per share compared with a year ago

Full year net income of $7.2 billion, or $1.76 per share, including pre-tax special item charges of $1.6 billion and favorable tax special items of $2.2 billion

Highest full year Automotive pre-tax profit in more than a decade; record profits in North America and Asia Pacific Africa; about breakeven in South America; lower loss in Europe than last year
 
Full year top-line growth with wholesale volume and total company revenue up 12 percent and 10 percent, respectively, compared with a year ago; growth supported by year-over-year market share gains in the U.S., South America and in Asia Pacific Africa, which was driven by record market share in China; higher retail share in Europe

Ford Credit solidly profitable

Total company fourth quarter pre-tax profit of $1.3 billion, a decrease of $402 million compared with a year ago; 18th consecutive quarter of profitability; fourth quarter earnings per share of 31 cents, unchanged from 2012

Fourth quarter net income of $3 billion, or 74 cents per share, an increase of $1.4 billion compared with a year ago, including pre-tax special item charges of $311 million and favorable tax special items of $2.1 billion

Record positive Automotive operating-related cash flow of $6.1 billion for the full year; fourth quarter Automotive operating-related cash flow of $500 million — the 15th consecutive quarter of positive performance. Ford ended 2013 with Automotive gross cash of $24.8 billion, exceeding debt by $9.1 billion, and a strong liquidity position of $36.2 billion

Global pension plans funded status improved about $10 billion compared with year-end 2012
 
Ford’s outlook for 2014 is unchanged. Ford expects another solid year with total company pre-tax profit to range from $7 billion to $8 billion; Automotive revenue to be about the same as last year; Automotive operating margin to be lower; and Automotive operating-related cash flow to be positive but substantially lower than 2013

Financial Results Summary+
 
Fourth Quarter
 
Full Year
 
 
2012
 
2013
 
B/(W) 2012
 
2012
 
2013
 
B/(W) 2012
Wholesales (000)
 
1,534

 
1,610

 
76

 
5,668

 
6,330

 
662

Revenue (Bils.)
 
$
36.3

 
$
37.6

 
$
1.3

 
$
133.6

 
$
146.9

 
$
13.3

Operating Results
 
 
 
 
 


 
 
 
 
 


Pre-tax results (Mils.)++
 
$
1,681

 
$
1,279

 
$
(402
)
 
$
7,966

 
$
8,569

 
$
603

After-tax results (Mils.)++
 
1,241

 
1,270

 
29

 
5,596

 
6,566

 
970

Earnings per share++
 
0.31

 
0.31

 

 
1.41

 
1.62

 
0.21

Special items pre-tax (Mils.)
 
$
160

 
$
(311
)
 
$
(471
)
 
$
(246
)
 
$
(1,568
)
 
$
(1,322
)
Net income attributable to Ford
 
 
 
 
 


 
 
 
 
 


After-tax results (Mils.)
 
$
1,598

 
$
3,039

 
$
1,441

 
$
5,665

 
$
7,155

 
$
1,490

Earnings per share
 
0.40

 
0.74

 
0.34

 
1.42

 
1.76

 
0.34

Automotive
 
 
 
 
 


 
 
 
 
 


Operating-related cash flow (Bils.)
 
$
1.0

 
$
0.5

 
$
(0.5
)
 
$
3.4

 
$
6.1

 
$
2.7

Gross cash (Bils.)
 
$
24.3

 
$
24.8

 
$
0.5

 
$
24.3

 
$
24.8

 
$
0.5

Debt (Bils.)
 
(14.3
)
 
(15.7
)
 
(1.4
)
 
(14.3
)
 
(15.7
)
 
(1.4
)
  Net cash (Bils.)
 
$
10.0

 
$
9.1


$
(0.9
)

$
10.0


$
9.1


$
(0.9
)
See end notes on pages 8 and 9.

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 28, 2014 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
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 - 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, Other Changes In Investments In Affiliates, And Assets Held For Sale
Dispositions, Other Changes In Investments In Affiliates, And Assets Held For Sale (details)
Dispositions, Other Changes In Investments In Affiliates, And Assets Held For Sale (tables)
Employee Separation Actions And Exit And Disposal Activities
Employee Separation Actions And Exit And Disposal Activities (details)
Employee Separation Actions And Exit And Disposal Activities (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)
Finance Receivables
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)
Inventories
Inventories (details)
Inventories (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)
Operating Cash Flows
Operating Cash Flows (details)
Operating Cash Flows (tables)
Other Income (loss)
Other Income (loss) (tables)
Other Income And Loss (details)
Other Liabilities And Deferred Revenue
Other Liabilities And Deferred Revenue (details)
Other Liabilities And Deferred Revenue (tables)
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: 0000037996-14-000010
Submitted to the SEC: Tue Feb 18 2014 2:09:05 PM EST
Accepted by the SEC: Tue Feb 18 2014
Period: Tuesday, December 31, 2013
Industry: Motor Vehicles And Passenger Car Bodies

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