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Ford Motor Co (F) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Ford Motor Co

CIK: 37996 Ticker: F
Ford Motor Company Reports Fourth Quarter and Full Year 2018 Results • Revenue up in the fourth quarter and full year; net income, adjusted EBIT and margin lower • North America EBIT margin of 7.6% in the quarter and 7.9% in the full year • Continued strong results at Ford Credit, with best full-year earnings before taxes in eight years • Balance sheet remains strong with cash and liquidity balances above targets DEARBORN, Mich., Jan. 23, 2019 – Ford Motor Company today released its preliminary fourth-quarter and full-year 2018 financial results. Company revenue increased from the prior year in both periods, while net income and company adjusted EBIT were both lower. North America delivered a fourth-quarter EBIT margin of 7.6 percent and a full-year margin of 7.9 percent. Ford Credit had strong results in the quarter and its best full year earnings before taxes in eight years. The company ended the year with cash and liquidity balances that were above its targets of $20 billion and $30 billion, respectively. “We have consistently laid the foundation for the global redesign of our business, clearly investing to sharpen our competitiveness so we can better serve customers and invest for the future,” said Jim Hackett, Ford president and CEO. “Ford enters 2019 with a clear vision, a solid plan, and we are now in execution mode.” 2018 FOURTH QUARTER & FULL YEAR FINANCIAL RESULTS* Fourth-quarter company revenue rose 1 percent, due to improved mix and higher net pricing. Company net loss of $0.1 billion included a negative $0.9 billion non-cash pre-tax mark-to-market adjustment for global pension and OPEB plans. Company adjusted EBIT of $1.5 billion was driven by North America, which posted fourth-quarter EBIT of $2.0 billion and an EBIT margin of 7.6 percent. Ford Credit continued its strong performance with fourth- GAAP quarter EBT of $663 million. Cash Auto operations outside of North America generated an Net Flows EBIT loss of $828 million in the fourth quarter, down $692 Income Net from Op. Revenue EPS Margin million, driven by China and Europe . Income Activities In the full year, net income was $3.7 billion and company adjusted EBIT was $7 billion, driven by North America, with 4Q 2018 $41.8B $(0.1)B $(0.03) (0.3)% $1.4B an EBIT margin of 7.9 percent, and Ford Credit EBT of $2.6 billion, its highest in eight years. B/(W) 4Q 2017 $0.5B $(2.6)B $(0.66) (6.4) ppts $(1.8)B While auto operations reported a lower EBIT than a year ago, driven by China and Europe, all regions continued to FY 2018 $160.3B $3.7B $0.92 2.3% $15.0B focus on improving operational fitness while building on core company strengths. In Europe, Ford posted record SUV B/(W) sales, while Ranger was the region’s best-selling pick up, FY 2017 $3.5B $(4.1)B $(1.01) (2.6) ppts $(3.1)B and Ford once again was the best-selling commercial vehicle brand. In the Asia Pacific region, India and Thailand achieved record full-year sales, and Lincoln set a new annual sales record for the fourth consecutive year in China. NON-GAAP “While 2018 was a challenging year, we put in place key Company Company Adj. Op. building blocks to build a more resilient and competitive Company Adjusted Adj. EBIT Cash Adj. EBIT EPS Margin business model that can thrive no matter the economic Flow environment,” said Bob Shanks, Ford CFO. “We are confident in our plan to transform our business.” 4Q 2018 $1.5B $0.30 3.5% $1.5B Shanks said the company balance sheet remains strong, with $23.1 billion of cash and $34.2 billion of liquidity. B/(W) 4Q 2017 $(0.6)B $(0.09) (1.4) ppts $(0.7)B Shanks said Ford expects to be able to fully fund its business needs and capital plans in 2019, while maintaining cash and liquidity levels at or above its target levels. He FY 2018 $7.0B $1.30 4.4% $2.8B added Ford sees the potential for year-over-year improvement in the company’s key financial metrics as it B/(W) FY 2017 $(2.6)B $(0.48) (1.7) ppts $(1.4)B works to close the gaps versus targets. *See endnote on page 5 All comparisons are year-over-year unless noted otherwise. Ford Motor Company: 4Q / FY January 23, 2019


The following information was filed by Ford Motor Co (F) on Wednesday, January 23, 2019 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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Inside Ford Motor Co's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Schedule Of Valuation And Qualifying Accounts (Details)
Schedule Of Valuation And Qualifying Accounts (Notes)
Schedule Of Valuation And Qualifying Accounts (Tables)
Consolidated Balance Sheet
Consolidated Balance Sheet (Parenthetical)
Consolidated Income Statement
Consolidated Statement Of Cash Flows
Consolidated Statement Of Comprehensive Income
Consolidated Statement Of Equity
Accumulated Other Comprehensive Income/(Loss)
Accumulated Other Comprehensive Income/(Loss) (Details)
Accumulated Other Comprehensive Income/(Loss) (Tables)
Balance Sheet Effect Of Derivative Financial Instruments (Details)
Capital Stock And Earnings Per Share (Details)
Capital Stock And Earnings Per Share (Notes)
Capital Stock And Earnings Per Share (Tables)
Capital Stock And Earnings Per Share Capital Stock And Earnings Per Share - Narrative (Details)
Cash, Cash Equivalents, And Marketable Securities (Details)
Cash, Cash Equivalents, And Marketable Securities (Notes)
Cash, Cash Equivalents, And Marketable Securities (Tables)
Cash, Cash Equivalents, And Marketable Securities Available For Sale Securities (Details)
Cash, Cash Equivalents, And Marketable Securities Other Securities (Details)
Commitments And Contingencies (Details)
Commitments And Contingencies (Notes)
Commitments And Contingencies (Tables)
Debt And Commitments (Notes)
Debt And Commitments (Tables)
Debt And Commitments - Asset Backed Debt (Details)
Debt And Commitments - Committed Credit Facilities (Details)
Debt And Commitments - Debt Outstanding (Details)
Debt And Commitments - Doe Atvm Incentive Program, And Automotive Credit Facilities (Details)
Debt And Commitments - Maturities (Details)
Debt And Commitments - Public Unsecured Debt Securities (Details)
Derivative Financial Instruments And Hedging Activities (Notes)
Derivative Financial Instruments And Hedging Activities (Tables)
Derivative Financial Instruments And Hedging Activities Income Effect Of Derivative Financial Instruments (Details)
Equity In Net Assets Of Affiliated Companies
Equity In Net Assets Of Affiliated Companies (Details)
Equity In Net Assets Of Affiliated Companies (Tables)
Equity In Net Assets Of Affiliated Companies Equity In Net Assets Of Affiliated Companies - Transactions With Equity Method Investees (Details)
Financial Services Allowance For Credit Losses (Details)
Financial Services Allowance For Credit Losses (Notes)
Financial Services Allowance For Credit Losses (Tables)
Financial Services Finance Receivables (Notes)
Financial Services Finance Receivables (Tables)
Financial Services Finance Receivables - Contractual Maturities (Details)
Financial Services Finance Receivables - Credit Quality (Details)
Financial Services Finance Receivables - Impaired Receivables (Details)
Financial Services Finance Receivables Aging (Details)
Financial Services Finance Receivables Net (Details)
Income Taxes (Details)
Income Taxes (Notes)
Income Taxes (Tables)
Inventories (Details)
Inventories (Notes)
Inventories (Tables)
Net Investment In Operating Leases (Details)
Net Investment In Operating Leases (Notes)
Net Investment In Operating Leases (Tables)
Net Property And Lease Commitments
Net Property And Lease Commitments (Details)
Net Property And Lease Commitments (Tables)
New Accounting Standards Adjustments For Asu 2016-02 Leases (Details)
New Accounting Standards New Accounting Standards (Notes)
Other Income (Loss) (Notes)
Other Income (Loss) (Tables)
Other Income And Loss (Details)
Other Liabilities And Deferred Revenue (Details)
Other Liabilities And Deferred Revenue (Notes)
Other Liabilities And Deferred Revenue (Tables)
Presentation (Notes)
Presentation (Tables)
Presentation - Certain Transactions Between Automotive And Financial Services (Details)
Presentation Lifo Restatement Balance Sheet (Details)
Presentation Lifo Restatement Cash Flow (Details)
Presentation Lifo Restatement Income Statement (Details)
Presentation Presentation (Details)
Redeemable Noncontrolling Interest Redeemable Noncontrolling Interest (Details)
Redeemable Noncontrolling Interest Redeemable Noncontrolling Interest (Notes)
Retirement Benefits (Details)
Retirement Benefits (Notes)
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)
Revenue - Amounts Expected To Be Recognized (Details)
Revenue - Remaining Performance Obligation (Details)
Revenue Revenue (Notes)
Revenue Revenue (Tables)
Revenue Revenue - Disaggregation Of Revenue From Contract With Customer By Products And Services (Details)
Segment Information (Details)
Segment Information (Notes)
Segment Information (Tables)
Segment Information Geographic Information (Details)
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)
Subsequent Event (Details)
Subsequent Event (Notes)
Summary Of Accounting Policies (Details)
Summary Of Accounting Policies (Notes)
Summary Of Accounting Policies (Policies)
Summary Of Accounting Policies (Tables)
Variable Interest Entities (Notes)
Variable Interest Entities - Vies Of Which We Are Not The Primary Beneficiary (Details)
Ticker: F
CIK: 37996
Form Type: 10-K Annual Report
Accession Number: 0000037996-19-000012
Submitted to the SEC: Thu Feb 21 2019 11:10:10 AM EST
Accepted by the SEC: Thu Feb 21 2019
Period: Monday, December 31, 2018
Industry: Motor Vehicles And Passenger Car Bodies

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