Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Ford Motor Co., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income (loss)	4,329)	(2,152)	17,910)	(1,276)	84)
Depreciation and tooling amortization	7,690)	7,642)	7,318)	8,751)	9,689)
Other amortization	(1,167)	(1,149)	(1,358)	(1,294)	(1,199)
Losses on extinguishment of debt	—)	121)	1,702)	1)	55)
Provision for (benefit from) credit and insurance losses	438)	46)	(298)	929)	413)
Pension and other postretirement employee benefits (OPEB) expense (income)	3,052)	(378)	(4,865)	1,027)	2,625)
Equity method investment dividends received in excess of (earnings) losses and impairments	(33)	3,324)	116)	130)	203)
Foreign currency adjustments	(234)	(27)	532)	(420)	(54)
Net realized and unrealized (gains) losses on cash equivalents, marketable securities, and other investments	205)	7,518)	(9,159)	(315)	(139)
Net (gain) loss on changes in investments in affiliates	(9)	147)	(368)	(3,446)	(29)
Stock compensation	460)	336)	305)	199)	228)
Provision for deferred income taxes	(1,649)	(1,910)	(563)	(269)	(1,370)
(Increase) decrease in finance receivables (wholesale and other)	(4,827)	(10,560)	7,656)	12,104)	1,554)
(Increase) decrease in accounts receivable and other assets	(2,620)	(1,183)	(1,141)	(63)	(816)
(Increase) decrease in inventory	(1,219)	(2,576)	(1,778)	148)	206)
Increase (decrease) in accounts payable and accrued and other liabilities	9,829)	7,268)	(36)	6,809)	5,260)
Cash changes in operating assets and liabilities	1,163)	(7,051)	4,701)	18,998)	6,204)
Other	673)	386)	(186)	1,254)	929)
Net cash provided by operating activities	14,918)	6,853)	15,787)	24,269)	17,639)
Capital spending	(8,236)	(6,866)	(6,227)	(5,742)	(7,632)
Acquisitions of finance receivables and operating leases	(54,505)	(45,533)	(48,379)	(55,901)	(55,576)
Collections of finance receivables and operating leases	44,561)	46,276)	52,094)	48,746)	50,182)
Proceeds from sale of business	—)	449)	145)	1,340)	—)
Purchases of marketable securities and other investments	(8,590)	(17,458)	(27,491)	(39,624)	(17,472)
Sales and maturities of marketable securities and other investments	12,700)	19,117)	33,229)	32,395)	16,929)
Settlements of derivatives	(138)	94)	(272)	(323)	(114)
Capital contributions to equity method investments	(2,733)	(738)	(57)	(4)	—)
Other	(687)	312)	(297)	498)	(38)
Net cash (used in) provided by investing activities	(17,628)	(4,347)	2,745)	(18,615)	(13,721)
Cash payments for dividends and dividend equivalents	(4,995)	(2,009)	(403)	(596)	(2,389)
Purchases of common stock	(335)	(484)	—)	—)	(237)
Net changes in short-term debt	(1,539)	5,460)	3,273)	(2,291)	(1,384)
Proceeds from issuance of long-term debt	51,659)	45,470)	27,901)	65,900)	47,604)
Payments of long-term debt	(41,965)	(45,655)	(54,164)	(60,514)	(46,497)
Other	(241)	(271)	(105)	(184)	(226)
Net cash provided by (used in) financing activities	2,584)	2,511)	(23,498)	2,315)	(3,129)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(104)	(414)	(232)	225)	45)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(230)	4,603)	(5,198)	8,194)	834)
Cash, cash equivalents, and restricted cash at beginning of period	25,340)	20,737)	25,935)	17,741)	16,907)
Cash, cash equivalents, and restricted cash at end of period	25,110)	25,340)	20,737)	25,935)	17,741)

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).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Ford Motor Co. net cash provided by operating activities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Ford Motor Co. net cash (used in) provided by investing activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Ford Motor Co. net cash provided by (used in) financing activities increased from 2021 to 2022 and from 2022 to 2023.

Ford Motor Co. (NYSE:F)

Cash Flow Statement