FORD MOTOR CO

Listed Company

FCIK 0000037996NYSELarge AcceleratedMotor Vehicles & Passenger Car BodiesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$187.27B

Net Income

$-8.16B

Total Assets

$289.16B

Equity

$35.95B

Shares Out

3.73B

Op. Cash Flow

$21.28B

Business

Ford Motor Company designs, manufactures, markets, and distributes a broad range of vehicles and related services globally. It offers Ford and Lincoln trucks, SUVs, vans, cars, commercial vehicles, electric and hybrid vehicles, service parts, accessories, connected software services, extended service contracts, and vehicle financing through Ford Credit. Operations are organized into Ford Blue (ICE and hybrid vehicles and parts), Ford Model e (electric vehicles, software and digital technologies), Ford Pro (commercial vehicles and fleet services), Ford Credit, and Corporate Other. Products are sold principally through independent dealerships and distributors across North America, Europe, China, and other global markets.

Summary from filing dated 2025-02-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues (Note 4)	187,267	184,992	176,191	158,057	136,341
Cost of sales (Note 13)	174,466	158,434	150,550	134,397	114,651
Selling, administrative, and other expenses	10,849	10,287	10,702	10,888	11,915
Total costs and expenses	196,436	179,773	170,733	151,781	131,818
Operating income/(loss)	−9,169	5,219	5,458	6,276	4,523
Interest expense on Company debt excluding Ford Credit	1,254	1,115	1,302	—	—
Other income/(loss), net (Note 5)	1,746	2,451	−603	−5,150	14,733
Equity in net income/(loss) of affiliated companies (Note 14 and Note 23)	−3,153	678	414	−2,883	327
Income/(Loss) before income taxes	−11,830	7,233	3,967	−3,016	17,780
Provision for/(Benefit from) income taxes (Note 7)	−3,668	1,339	−362	−864	−130
Net income/(loss)	−8,162	5,894	4,329	−2,152	—
Less: Income/(Loss) attributable to noncontrolling interests	20	15	−18	−171	−27
Net income/(loss) attributable to Ford Motor Company	−8,182	5,879	4,347	−1,981	17,937
Basic income/(loss) (in dollars per share)	−2.06	1.48	1.09	−0.49	4.49
Diluted income/(loss) (in dollars per share)	−2.06	1.46	1.08	−0.49	4.45
Basic shares (in shares)	3,979	3,978	3,998	4,014	3,991
Diluted shares (in shares)	3,979	4,021	4,041	4,014	4,034

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents (Note 9)	23,356	22,935	24,862	25,134	20,540
Marketable securities (Note 9)	15,131	15,413	15,309	18,936	29,053
Ford Credit finance receivables, net of allowance for credit losses of $247 and $261 (Note 10)	49,130	51,850	46,425	38,720	32,543
Trade and other receivables, less allowances of $84 and $108	15,398	14,723	15,601	15,729	11,370
Inventories (Note 11)	15,285	14,951	15,651	14,080	12,065
Other assets	5,187	4,602	3,633	3,877	3,416
Total current assets	123,487	124,474	121,481	116,476	108,996
Ford Credit finance receivables, net of allowance for credit losses of $617 and $650 (Note 10)	61,449	59,786	55,650	49,903	51,256
Net investment in operating leases (Note 12)	28,540	22,947	—	—	—
Net property (Note 13)	37,288	41,928	—	—	—
Equity in net assets of affiliated companies (Note 14 and Note 23)	2,753	6,821	5,548	2,798	4,545
Deferred income taxes (Note 7)	21,953	16,375	16,985	15,552	13,796
Other assets	13,690	12,865	11,441	11,118	14,942
Total assets	289,160	285,196	273,310	255,884	257,035
Payables	25,809	24,128	25,992	25,605	22,349
Other liabilities and deferred revenue (Note 15 and Note 24)	31,779	27,782	25,870	21,097	18,686
Total current liabilities	114,890	106,859	101,531	96,866	90,727
Other liabilities and deferred revenue (Note 15 and Note 24)	30,902	28,832	28,414	25,497	27,705
Deferred income taxes (Note 7)	1,354	1,074	1,005	1,549	1,581
Total liabilities	253,180	240,338	230,512	212,717	208,413
Capital in excess of par value of stock	23,922	23,502	23,128	22,832	22,611
Retained earnings	22,508	33,740	31,029	31,754	35,769
Accumulated other comprehensive income/(loss) (Note 22)	−7,710	−9,639	−9,042	−9,339	−8,339
Treasury stock	−2,810	−2,810	−2,384	−2,047	−1,563
Total equity attributable to Ford Motor Company	35,952	44,835	42,773	43,242	48,519
Equity attributable to noncontrolling interests	28	23	25	−75	103
Total equity	35,980	44,858	42,798	43,167	48,622
Total liabilities and equity	289,160	285,196	273,310	255,884	257,035

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and tooling amortization (Note 12 and Note 13)	7,834	7,567	7,690	7,642	7,318
Other amortization	−1,839	−1,700	−1,167	—	—
EV asset impairment/program cancellation asset write-downs (including depreciation of $8,140) (Note 13)	9,435	0	0	—	—
Provision for credit and insurance losses	616	575	438	46	−298
Pension and other postretirement employee benefits (OPEB) expense/(income) (Note 16)	1,062	149	3,052	−378	−4,865
Equity method investment (earnings)/losses and impairments in excess of dividends received (Note 14 and Note 23)	3,572	−287	−33	3,324	116
Foreign currency adjustments	−87	227	−234	−27	532
Net realized and unrealized (gains)/losses on cash equivalents, marketable securities, and other investments (Note 5)	−346	42	205	7,518	−9,159
Stock compensation (Note 6)	510	511	460	336	305
Provision for/(Benefit from) deferred income taxes	−4,536	350	−1,649	−1,910	−563
Decrease/(Increase) in finance receivables (wholesale and other)	4,992	−4,299	−4,827	−10,560	7,656
Decrease/(Increase) in accounts receivable and other assets	−2,791	−2,497	−2,620	—	—
Decrease/(Increase) in inventory	539	27	−1,219	−2,576	−1,778
Increase/(Decrease) in accounts payable and accrued and other liabilities	10,103	8,425	9,829	7,268	−36
Other	380	439	664	654	−186
Net cash provided by/(used in) operating activities	21,282	15,423	14,918	6,853	15,787
Capital spending	−8,815	−8,684	−8,236	−6,866	−6,227
Acquisitions of finance receivables and operating leases	−55,747	−59,720	−54,505	−45,533	−48,379
Collections of finance receivables and operating leases	45,710	45,159	44,561	46,276	52,094
Purchases of marketable securities and other investments	−9,457	−12,300	−8,590	−17,458	−27,491
Sales and maturities of marketable securities and other investments	10,063	12,346	12,700	19,117	33,229
Settlements of derivatives	−443	−268	−138	94	−272
Capital contributions to equity method investments (Note 23)	−1,172	−2,323	−2,733	−738	−57
Returns of capital from equity method investments (Note 23)	1,702	1,465	1	0	—
Other	110	−45	−688	312	−297
Net cash provided by/(used in) investing activities	−18,049	−24,370	−17,628	−4,347	2,745
Cash payments for dividends and dividend equivalents	−2,989	−3,118	−4,995	−2,009	−403
Purchases of common stock	0	−426	−335	−484	0
Net changes in short-term debt	654	−276	−1,539	5,460	3,273
Proceeds from issuance of long-term debt	49,688	57,312	51,659	45,470	27,901
Payments of long-term debt	−50,303	−45,680	−41,965	−45,655	−54,164
Other	−255	−327	−241	−271	−105
Net cash provided by/(used in) financing activities	−3,205	7,485	2,584	2,511	−23,498
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	532	−458	−104	—	—
Net increase/(decrease) in cash, cash equivalents, and restricted cash	560	−1,920	−230	4,603	−5,198

Filings

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