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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.
The ultimate realization of these assets is subject to several variables, including our future profitability within the relevant tax jurisdictions, and future tax planning and the related effects on our cash and liquidity position.
Net Income/(Loss) Reconciliation to Adjusted EBIT ($M) Earnings per Share Reconciliation to Adjusted Earnings per Share 61 Effective Tax Rate Reconciliation to Adjusted Effective Tax Rate (a)Full Year 2020 includes $(1.3) billion related to the establishment of valuation allowances against primarily U.S. tax credits.
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.
Our actual results could differ materially from our guidance due to risks, uncertainties, and other factors, including those set forth in "Risk Factors" in Item 1A of our 2020 Form 10-K Report and as updated by our subsequent filings with the SEC. 2021 Guidance Total Company Adjusted EBIT (a) $10.5 - $11.5 billion Adjusted Free Cash Flow (a) $4 - $5 billion Capital spending $6.0 - $6.5 billion Pension contributions About $0.8 billion Global Redesign EBIT charges (b) $1.7 - $2.2 billion Global Redesign cash effects (b) $2.2 - $2.7 billion Ford Credit EBT About $4.6 billion (a)When we provide guidance for adjusted EBIT and adjusted free cash flow, we do not provide guidance for the most comparable GAAP measures because, as described in more detail below in "Non-GAAP Measures That Supplement GAAP Measures," they include items that are difficult to predict with reasonable certainty.
ACCOUNTING STANDARDS ISSUED BUT NOT...Read more
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Any future changes to our...Read more
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Company Adjusted EBIT Margin (Most...Read more
Our Company adjusted free cash...Read more
Consistent with our adjusted EBIT...Read more
The year-over-year decrease was driven...Read more
Our International Markets Group's third...Read more
The EBIT improvement was driven...Read more
Structural costs include the following...Read more
Moreover, we may be subject...Read more
Moreover, Ford Credit may be...Read more
The lower EBIT was driven...Read more
The calendarization of the funding...Read more
Notwithstanding the improvement for Renesas,...Read more
Our third quarter and first...Read more
The non-GAAP measures listed below...Read more
North America's third quarter 2021...Read more
This measure is useful to...Read more
Third quarter 2021 revenue increased...Read more
The lower EBIT was driven...Read more
The measure is useful to...Read more
Our third quarter 2021 Automotive...Read more
As a result of the...Read more
Interest on Debt Interest on...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
Third quarter 2021 revenue at...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 September 30, 2021,...Read more
The EBIT improvement reflects favorable...Read more
The terms and conditions of...Read more
The measure provides an ongoing...Read more
48 Financial institutions participate in...Read more
This positive maturity profile is...Read more
Ford Credit's total net receivables...Read more
pension/OPEB) pre-tax 2.3 (4.6) Adjusted...Read more
Such actions could have a...Read more
When we provide guidance for...Read more
Third quarter 2021 revenue decreased...Read more
Financing margin yield equals revenue,...Read more
For analysis purposes, management splits...Read more
Our initial outlook was for...Read more
In the third quarter of...Read more
62 Ford Credit Net Receivables...Read more
Revenue from certain vehicles in...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
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Ford Motor Co provided additional information to their SEC Filing as exhibits
Ticker: F
CIK: 37996
Form Type: 10-Q Quarterly Report
Accession Number: 0000037996-21-000086
Submitted to the SEC: Wed Oct 27 2021 6:22:16 PM EST
Accepted by the SEC: Thu Oct 28 2021
Period: Thursday, September 30, 2021
Industry: Motor Vehicles And Passenger Car Bodies