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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Ford Motor Co.
Ford Motor Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 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 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.
Ford Credit holds the right to receive the excess cash flows not needed to pay the debt issued by, and other obligations of, the securitization entities that are parties to those securitization transactions Earnings Before Taxes ("EBT") - Reflects Ford Credit's income before income taxes Loss-to-Receivables ("LTR") Ratio - LTR ratio is calculated using net charge-offs divided by average finance receivables, excluding unearned interest supplements and the allowance for credit losses Return on Equity ("ROE") (as shown in the Key Metrics table) - Reflects return on equity calculated by annualizing net income for the period and dividing by monthly average equity for the period Securitization and Restricted Cash (as shown in the Liquidity table) - Securitization cash is held for the benefit of the securitization investors (for example, a reserve fund).
We previously announced our plan for the global redesign of our business, pursuant to which we are working to turn around automotive operations, compete like a challenger, and capitalize on our strengths by allocating more capital, more resources, and more talent to our strongest businesses and vehicle franchises.
Any future changes to our structure, as well as any changes in income tax laws in the countries that we operate, could cause increases or decreases to our deferred tax balances and related valuation allowances.
As a result, our cash...Read more
Company Adjusted EBIT Margin (Most...Read more
A strong demand and pricing...Read more
The higher EBIT loss reflects...Read more
Net income/(loss) margin was negative...Read more
Company adjusted EBIT margin was...Read more
However, the situation in Eastern...Read more
Structural costs include the following...Read more
Moreover, we may be subject...Read more
Moreover, Ford Credit may be...Read more
Higher net pricing and favorable...Read more
The lower EBIT was driven...Read more
The lower EBIT was driven...Read more
Key elements of Ford Credit's...Read more
The non-GAAP measures listed below...Read more
North America's first quarter 2022...Read more
Europe's first quarter 2022 EBIT...Read more
The lower EBIT was driven...Read more
Our first quarter 2022 Net...Read more
This measure is useful to...Read more
The year-over-year decrease was driven...Read more
First quarter 2022 revenue decreased...Read more
First quarter 2022 revenue decreased...Read more
Our first quarter 2022 Automotive...Read more
ACCOUNTING STANDARDS ISSUED BUT NOT...Read more
As a result of the...Read more
Our pre-tax and tax special...Read more
At the same time, inflation...Read more
All other and timing differences...Read more
Further, actions taken by Russia...Read more
The measure contains elements management...Read more
We believe that these non-GAAP...Read more
Underlying assumptions for our 2022...Read more
44 LIQUIDITY AND CAPITAL RESOURCES...Read more
Conversely, our cash flow improves...Read more
Our International Markets Group's first...Read more
Ford Credit's material cash requirements...Read more
Includes debt issued in securitizations...Read more
The tables below and on...Read more
As of March 31, 2022,...Read more
Ford Credit's total net receivables...Read more
The terms and conditions of...Read more
The measure provides an ongoing...Read more
46 Financial institutions participate in...Read more
Change in EBIT by Causal...Read more
This positive maturity profile is...Read more
Such actions could have a...Read more
When we provide guidance for...Read more
Operating items include: Company adjusted...Read more
First quarter 2022 revenue decreased...Read more
China's first quarter 2022 EBIT...Read more
For analysis purposes, management splits...Read more
Interest on Debt Interest on...Read more
Non-operating items include: global redesign...Read more
The net impact on us...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: 0000037996-22-000024
Submitted to the SEC: Wed Apr 27 2022 6:52:35 PM EST
Accepted by the SEC: Thu Apr 28 2022
Period: Thursday, March 31, 2022
Industry: Motor Vehicles And Passenger Car Bodies