Ford Motor Co (F) 10-K Annual Report February 2015


•	Full year 2014 pre-tax profit of $6.3 billion, a decline of $2.3 billion compared with a year ago; full year after-tax earnings, excluding special items, were $1.16 per share, 47 cents lower compared with a year ago


•	Full year net income of $3.2 billion, or 80 cents per share


•	Automotive pre-tax profit of $4.5 billion; North America profitable and Asia Pacific posted a record profit; Europe and Middle East & Africa both improved; South America reported a loss


•	Wholesale volume about equal to a year ago and company revenue down 2 percent; achieved record market share in Asia Pacific, driven by record share in China


•	Best results at Ford Credit since 2011


•	Record-setting year of 24 vehicles launched globally, including the all-new F-150, Mustang, Escort, Ka, Transit and Lincoln MKC


•	Fourth quarter pre-tax profit of $1.1 billion, a decrease of $197 million compared with a year ago; after-tax earnings per share of 26 cents, excluding special items; 22^nd consecutive profitable quarter

•

Fourth quarter net income of $52 million — or 1 cent per share, a decrease of $3 billion compared with a year ago — includes a non-repeat of a favorable $2.1 billion special tax item from a year ago; pre-tax special item charges of $1.2 billion reflecting primarily a one-time accounting change for Ford’s Venezuela operations, as well as separation-related actions in Europe and Asia Pacific to support the company’s transformation plans, and the settlement of the company’s 2016 Convertible Notes


•	Fourth quarter wholesale volume and company revenue declined year-over-year by 2 percent and 5 percent, respectively; positive Automotive operating-related cash flow of $500 million; Automotive gross cash of $21.7 billion at end of fourth quarter exceeded debt by $7.9 billion


•	Global pension plans status is unchanged despite significantly lower discount rates, reflecting the success of the de-risking strategy


•	2015 outlook for company pre-tax profit is unchanged and expected to range from $8.5 billion to $9.5 billion; higher automotive revenue and operating margin compared with 2014; improved outlook for automotive operating-related cash flow from positive to higher than 2014



Financial Results Summary*	Fourth Quarter									Full Year
	2013			2014			B/(W) 2013			2013			2014			B/(W) 2013
Wholesales (000)	1,610			1,580			(30		)	6,330			6,323			(7		)
Revenue (Bils.)	$	37.6		$	35.9		$	(1.7	)	146.9			$	144.1		$	(2.8	)
Operating Results**
Pre-tax results (Mils.)	$	1,318		$	1,121		$	(197	)	8,608			$	6,282		$	(2,326	)
After-tax results (Mils.)	1,297			1,048			(249		)	6,593			4,633			(1,960		)
Earnings per share**	0.32			0.26			(0.06		)	1.63			1.16			(0.47		)
Special items pre-tax (Mils.)	$	(311	)	$	(1,177	)	$	(866	)	$	(1,568	)	$	(1,940	)	$	(372	)
Net income attributable to Ford
After-tax results (Mils.)	$	3,066		$	52		$	(3,014	)	7,182			$	3,187		$	(3,995	)
Earnings per share	$	0.75		0.01			(0.74		)	1.77			0.80			(0.97		)
Automotive
Operating-related cash flow (Bils.)	$	0.5		$	0.5		$	—		$	6.1		$	3.6		$	(2.5	)

Gross cash (Bils.)	$	24.8		$	21.7		$	(3.1	)	$	24.8		$	21.7		$	(3.1	)
Debt (Bils.)	(15.7		)	(13.8		)	1.9			(15.7		)	(13.8		)	1.9
Net cash (Bils.)	$	9.1		$	7.9		$	(1.2	)	$	9.1		$	7.9		$	(1.2	)

* See end note on page 9.

** See end note on page 9.

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The following information was filed by Ford Motor Co (F) on Thursday, January 29, 2015 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

Material Contracts, Statements, Certifications & more

Ford Motor Co provided additional information to their SEC Filing as exhibits

Exhibit 3.B-1: Articles Of Incorporation

Exhibit 10.L: Material Contract

Exhibit 10.L-1: Material Contract

Exhibit 10.O-5: Material Contract

Exhibit 10.O-11: Material Contract

Exhibit 12: Statement Regarding Calculation Of Ratios

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23: Consents Of Experts And Counsel

Exhibit 24: Power Of Attorney

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: F
CIK: 37996
Form Type: 10-K Annual Report
Accession Number: 0000037996-15-000013
Submitted to the SEC: Fri Feb 13 2015 7:03:25 AM EST
Accepted by the SEC: Fri Feb 13 2015
Period: Wednesday, December 31, 2014
Industry: Motor Vehicles And Passenger Car Bodies