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Ford Motor Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:
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For example, the suspension of production at most of our assembly plants and lower industry volumes due to COVID-19 in early 2020 resulted in an initial deterioration of our cash flow, while the subsequent resumption of manufacturing operations and return to pre-COVID-19 production levels at most of our assembly plants resulted in a subsequent improvement of our cash flow.
Second quarter 2021 revenue increased 45%, driven by higher wholesales, higher net pricing, favorable mix, and stronger currencies.
The corporate credit facility is unsecured and free of material adverse change conditions to borrowing, restrictive financial covenants (for example, interest or fixed-charge coverage ratio, debt-to-equity ratio, and minimum net worth requirements), and credit rating triggers that could limit our ability to obtain funding or trigger early repayment.
The year-over-year increase of $3 billion in Company adjusted EBIT in the second quarter of 2021 was driven by improvements in Automotive EBIT and Ford Credit EBT.
The EBIT improvement was driven by higher net pricing (reflecting the strength of our product portfolio and lower incentives), mix improvement, favorable exchange, and lower warranty expense, partially offset by higher volume-related structural costs and an increase in commodity prices.
ACCOUNTING STANDARDS ISSUED BUT NOT...Read more
The year-over-year decrease is driven...Read more
Second quarter 2021 revenue increased...Read more
We previously announced our plan...Read more
Second quarter 2021 revenue increased...Read more
As a result, our cash...Read more
Interest on Debt Interest on...Read more
We also now expect full-year...Read more
Company Adjusted EBIT Margin (Most...Read more
Company adjusted EBIT margin was...Read more
Second quarter 2021 working capital...Read more
Second quarter 2021 revenue increased...Read more
The year-over-year decrease of $556...Read more
Our International Markets Group's second...Read more
The EBIT improvement was driven...Read more
Second quarter 2021 revenue increased...Read more
The improvement in the second...Read more
Structural costs include the following...Read more
Further, the terms of the...Read more
Moreover, we may be subject...Read more
Moreover, Ford Credit may be...Read more
The calendarization of the funding...Read more
60 Effective Tax Rate Reconciliation...Read more
Our second quarter and first...Read more
The non-GAAP measures listed below...Read more
Net income/(loss) margin was 2.1%...Read more
This measure is useful to...Read more
The terms and conditions of...Read more
The measure is useful to...Read more
The higher loss was driven...Read more
In the second quarter of...Read more
We believe that these non-GAAP...Read more
Ford Credit holds the right...Read more
The measure contains elements management...Read more
Key elements of Ford Credit's...Read more
The EBIT improvement was driven...Read more
46 LIQUIDITY AND CAPITAL RESOURCES...Read more
Conversely, our cash flow improves...Read more
Includes debt issued in securitizations...Read more
Ford Credit's material cash requirements...Read more
The tables below and on...Read more
As of June 30, 2021,...Read more
The wholesale improvement in the...Read more
The measure provides an ongoing...Read more
48 A financial institution offers...Read more
This positive maturity profile is...Read more
The EBIT improvement was driven...Read more
pension/OPEB) pre-tax 1.4 (4.2) Adjusted...Read more
When we provide guidance for...Read more
Financing margin yield equals revenue,...Read more
For analysis purposes, management splits...Read more
Our initial outlook was for...Read more
61 Ford Credit Net Receivables...Read more
We currently estimate that our...Read more
This assumes that our production...Read more
Revenue from certain vehicles in...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Ford Motor Co provided additional information to their SEC Filing as exhibits
Ticker: F
CIK: 37996
Form Type: 10-Q Quarterly Report
Accession Number: 0000037996-21-000058
Submitted to the SEC: Wed Jul 28 2021 6:35:36 PM EST
Accepted by the SEC: Thu Jul 29 2021
Period: Wednesday, June 30, 2021
Industry: Motor Vehicles And Passenger Car Bodies