Ford Motor Co

DB:FMC1

United States / Consumer Discretionary / Automobiles

Overview

Dividends

10Y Historical Financials

Stock Price

9.18 EUR


Key Metrics	Latest
Total Revenue	185 B
Adjusted EBITDA	11.067 B
EBITDA Margin	6.0%
Net Profit Margin	3.0%
Total Assets	285.2 B
Total Debt	160.9 B

10Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending										Latest
(in millions)	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months

Revenue	149,558	151,800	156,776	160,338	155,900	127,144	136,341	158,057	176,191	184,992	184,992
% Growth		1.5%	3.3%	2.3%	-2.8%	-18.4%	7.2%	15.9%	11.5%	5.0%

Adjusted EBITDA	16,017	13,080	15,168	13,467	8,603	3,197	12,677	14,573	11,916	11,067	11,067
% Margin	10.7%	8.6%	9.7%	8.4%	5.5%	2.5%	9.3%	9.2%	6.8%	6.0%	6.0%

Adjusted EBIT	8,051	4,363	6,596	5,054	113	(4,115)	6,717	8,080	5,393	5,200	5,200
% Margin	5.4%	2.9%	4.2%	3.2%	0.1%	-3.2%	4.9%	5.1%	3.1%	2.8%	2.8%

Adjusted Net Income	7,305	4,564	7,622	4,197	598	(3,900)	9,305	3,846	6,248	5,518	5,518
% Margin	4.9%	3.0%	4.9%	2.6%	0.4%	-3.1%	6.8%	2.4%	3.5%	3.0%	3.0%

Adjusted Basic EPS	1.84	1.15	1.92	1.06	0.15	(0.98)	2.33	0.96	1.56	1.39	1.39

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
											Original
USD	Fiscal Year Ending										Latest
(in millions)	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24
	FY - 9	FY - 8	FY - 7	FY - 6	FY - 5	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM

Revenue	149,558	151,800	156,776	160,338	155,900	127,144	136,341	158,057	176,191	184,992	184,992
% Growth	NA	1.5%	3.3%	2.3%	-2.8%	-18.4%	7.2%	15.9%	11.5%	5.0%

Cost of Revenue	(131,410)	(134,933)	(140,218)	(145,503)	(143,024)	(121,135)	(119,903)	(140,834)	(159,999)	(169,444)	(169,444)
Gross Profit	18,148	16,867	16,558	14,835	12,876	6,009	16,438	17,223	16,192	15,548	15,548
% Revenue	12.1%	11.1%	10.6%	9.3%	8.3%	4.7%	12.1%	10.9%	9.2%	8.4%	8.4%

Research and Development	(6,700)	(7,300)	(8,000)	(8,200)	(7,400)	(7,100)	(7,600)	(7,800)	(8,200)	(8,000)	(8,000)
Selling and Marketing	(4,300)	(4,300)	(4,100)	(4,000)	(3,600)	(2,800)	(3,100)	(2,200)	(2,500)	(2,800)	(2,800)
General and Admin	(5,797)	(8,204)	(5,862)	(5,781)	(9,163)	(7,324)	(6,621)	(6,943)	(8,299)	(7,548)	(7,548)
Other Inc / (Exp)	9,441	10,454	10,410	8,220	7,193	11,298	20,205	(2,653)	6,525	9,629	9,629
Total Operating Exp	(7,356)	(9,350)	(7,552)	(9,761)	(12,970)	(5,926)	2,884	(19,596)	(12,474)	(8,719)	(8,719)

Operating Income	10,792	7,517	9,006	5,074	(94)	83	19,322	(2,373)	3,718	6,829	6,829
% Revenue	7.2%	5.0%	5.7%	3.2%	-0.1%	0.1%	14.2%	-1.5%	2.1%	3.7%	3.7%

Interest Expense	(540)	(733)	(847)	(729)	(546)	(1,199)	(1,542)	(643)	249	404	404
Pre-tax Income	10,252	6,784	8,159	4,345	(640)	(1,116)	17,780	(3,016)	3,967	7,233	7,233
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0	0	0	0
Provision for Taxes	(2,881)	(2,184)	(402)	(650)	724	(160)	130	864	362	(1,339)	(1,339)
Net Income to Company	7,371	4,600	7,757	3,695	84	(1,276)	17,910	(2,152)	4,329	5,894	5,894
% Margin	4.9%	3.0%	4.9%	2.3%	0.1%	-1.0%	13.1%	-1.4%	2.5%	3.2%	3.2%

Minority Interest in Earnings	2	(11)	(26)	(18)	(37)	(3)	27	171	18	(15)	(15)
Net Income to Stockholders	7,373	4,589	7,731	3,677	47	(1,279)	17,937	(1,981)	4,347	5,879	5,879

Preferred Dividends	0	0	0	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0	0	0	0

Net Income to Common	7,373	4,589	7,731	3,677	47	(1,279)	17,937	(1,981)	4,347	5,879	5,879
% Margin	4.9%	3.0%	4.9%	2.3%	0.0%	-1.0%	13.2%	-1.3%	2.5%	3.2%	3.2%

As Reported
Basic EPS (Continuing Ops)	1.86	1.16	1.94	0.93	0.01	(0.32)	4.49	(0.49)	1.09	1.48	1.48
Diluted EPS (Continuing Ops)	1.84	1.15	1.93	0.92	0.01	(0.32)	4.45	(0.49)	1.08	1.46	1.46

WA Basic Shares Out.	3,969.00	3,973.00	3,975.00	3,974.00	3,972.00	3,973.00	3,991.00	4,014.00	3,998.00	3,978.00	3,978.00
WA Diluted Shares Out.	4,002.00	3,999.00	3,998.00	3,998.00	4,004.00	3,973.00	4,034.00	4,014.00	4,041.00	4,021.00	4,021.00

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	10,252	6,784	8,159	4,345	(640)	(1,116)	17,780	(3,016)	3,967	7,233	7,233
Addback: Net Interest Expense	540	733	847	729	546	1,199	1,542	643	(249)	(404)	(404)
Addback: Other Non Operating Expenses, Total	(2,652)	(3,106)	(2,227)	(699)	(488)	(652)	(977)	2,347	(918)	(1,121)	(1,121)
Addback: Depreciation & Amortization	7,966	8,717	8,572	8,413	8,490	7,312	5,960	6,493	6,523	5,867	5,867
Addback: Restructuring Charges	0	93	94	157	804	201	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	(88)	(141)	9	(157)	(164)	(3,771)	(9,527)	7,665	196	(36)	(36)
Addback: Gain (Loss) On Sale Of Assets	0	0	0	0	0	0	0	0	0	0	0
Addback: Asset Writedown	0	0	0	0	0	23	0	32	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	(1)	0	(286)	679	55	1	(2,101)	409	2,397	(472)	(472)
Adjusted EBITDA	16,017	13,080	15,168	13,467	8,603	3,197	12,677	14,573	11,916	11,067	11,067
% Margin	10.7%	8.6%	9.7%	8.4%	5.5%	2.5%	9.3%	9.2%	6.8%	6.0%	6.0%

Adjusted EBIT	8,051	4,363	6,596	5,054	113	(4,115)	6,717	8,080	5,393	5,200	5,200
% Margin	5.4%	2.9%	4.2%	3.2%	0.1%	-3.2%	4.9%	5.1%	3.1%	2.8%	2.8%

Adjusted Net Income Reconciliation
Net Income to Company	7,371	4,600	7,757	3,695	84	(1,276)	17,910	(2,152)	4,329	5,894	5,894
Addback: Unusual Items	(89)	(48)	(183)	679	695	(3,546)	(11,628)	8,106	2,593	(508)	(508)
Less: Tax Benefit of Unusual Items (26%)	23	12	48	(177)	(181)	922	3,023	(2,108)	(674)	132	132
Adjusted Net Income	7,305	4,564	7,622	4,197	598	(3,900)	9,305	3,846	6,248	5,518	5,518
% Margin	4.9%	3.0%	4.9%	2.6%	0.4%	-3.1%	6.8%	2.4%	3.5%	3.0%	3.0%

Loading Error

Ford Motor Co

DB:FMC1

United States / Consumer Discretionary / Automobiles

10Y Historical Financials