Stock Analysis on Net

Ford Motor Co. (NYSE:F)

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Ford Motor Co., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Company revenues excluding Ford Credit 165,901 149,079 126,268 115,941 143,640
Cost of sales (150,550) (134,397) (114,651) (112,752) (134,693)
Gross profit 15,351 14,682 11,617 3,189 8,947
Ford Credit revenues 10,290 8,978 10,073 11,203 12,260
Selling, administrative, and other expenses (10,702) (10,888) (11,915) (10,193) (11,161)
Ford Credit interest, operating, and other expenses (9,481) (6,496) (5,252) (8,607) (9,472)
Operating income (loss) 5,458 6,276 4,523 (4,408) 574
Interest expense on Company debt excluding Ford Credit (1,302) (1,259) (1,803) (1,649) (1,020)
Net periodic pension and OPEB income (cost), excluding service cost (2,494) 1,336 5,997 69 (1,602)
Investment-related interest income 1,567 639 254 452 809
Interest income (expense) on income taxes (16) (23) 7 (2) (29)
Realized and unrealized gains (losses) on cash equivalents, marketable securities, and other investments (205) (7,518) 9,159 325 144
Gains (losses) on changes in investments in affiliates 9 (147) 368 3,446 20
Losses on extinguishment of debt (121) (1,702) (1) (55)
Royalty income 477 483 619 493 381
Other 59 201 31 117 106
Other income (loss), net (603) (5,150) 14,733 4,899 (226)
Equity in net income (loss) of affiliated companies 414 (2,883) 327 42 32
Income (loss) before income taxes 3,967 (3,016) 17,780 (1,116) (640)
(Provision for) benefit from income taxes 362 864 130 (160) 724
Net income (loss) 4,329 (2,152) 17,910 (1,276) 84
(Income) loss attributable to noncontrolling interests 18 171 27 (3) (37)
Net income (loss) attributable to Ford Motor Company 4,347 (1,981) 17,937 (1,279) 47

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Company revenues excluding Ford Credit Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Ford Motor Co. company revenues excluding Ford Credit increased from 2021 to 2022 and from 2022 to 2023.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Ford Motor Co. operating income (loss) increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Ford Motor Co. income (loss) before income taxes decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Net income (loss) attributable to Ford Motor Company The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Ford Motor Co. net income (loss) attributable to Ford Motor Company decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.