.Adjustments to Financial Statements
Difficulty: Advanced
Adjustments to Current Assets
Ford Motor Co., adjusted current assets
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Current assets | |||||
| Adjustments | ||||||
| | Add: Allowances for doubtful receivables | |||||
| | Add: LIFO reserve1 | |||||
| After Adjustment | ||||||
| | Adjusted current assets | |||||
Source: Based on data from Ford Motor Co. Annual Reports
1 LIFO reserve. See Details »
Adjustments to Total Assets
Ford Motor Co., adjusted total assets
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Total assets | |||||
| Adjustments | ||||||
| | Add: Operating leased assets1 | |||||
| | Add: Allowances for doubtful receivables | |||||
| | Add: LIFO reserve2 | |||||
| | Less: Non-current deferred tax assets3 | |||||
| After Adjustment | ||||||
| | Adjusted total assets | |||||
Source: Based on data from Ford Motor Co. Annual Reports
1 Operating leased assets. See Details »
2 LIFO reserve. See Details »
3 Non-current deferred tax assets. See Details »
Adjustments to Current Liabilities
Ford Motor Co., adjusted current liabilities
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Current liabilities | |||||
| Adjustments | ||||||
| | Less: Current deferred revenue | |||||
| After Adjustment | ||||||
| | Adjusted current liabilities | |||||
Source: Based on data from Ford Motor Co. Annual Reports
Adjustments to Total Liabilities
Ford Motor Co., adjusted total liabilities
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Total liabilities | |||||
| Adjustments | ||||||
| | Add: Operating lease obligations1 | |||||
| | Less: Non-current deferred tax liabilities2 | |||||
| | Less: Deferred revenue | |||||
| | Less: Accrual related to warranty costs and field service actions | |||||
| After Adjustment | ||||||
| | Adjusted total liabilities | |||||
Source: Based on data from Ford Motor Co. Annual Reports
1 Operating lease obligations. See Details »
2 Non-current deferred tax liabilities. See Details »
Adjustments to Stockholders' Equity
Ford Motor Co., adjusted total equity
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Equity attributable to Ford Motor Company | |||||
| Adjustments | ||||||
| | Less: Net deferred tax assets (liabilities)1 | |||||
| | Add: Allowances for doubtful receivables | |||||
| | Add: LIFO reserve2 | |||||
| | Add: Deferred revenue | |||||
| | Add: Accrual related to warranty costs and field service actions | |||||
| | Add: Redeemable noncontrolling interest | |||||
| | Add: Equity attributable to noncontrolling interests | |||||
| After Adjustment | ||||||
| | Adjusted total equity | |||||
Source: Based on data from Ford Motor Co. Annual Reports
1 Net deferred tax assets (liabilities). See Details »
2 LIFO reserve. See Details »
Adjustments to Capitalization Table
Ford Motor Co., adjusted capitalization table
USD $ in millions
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Automotive debt payable within one year | |||||
| | Financial Services debt payable within one year | |||||
| | Automotive long-term debt payable after one year | |||||
| | Financial Services long-term debt payable after one year | |||||
| | Total reported debt | |||||
| | Equity attributable to Ford Motor Company | |||||
| | Total reported capital | |||||
| Adjustments to Debt | ||||||
| | Add: Operating lease obligations1 | |||||
| | Adjusted total debt | |||||
| Adjustments to Equity | ||||||
| | Less: Net deferred tax assets (liabilities)2 | |||||
| | Add: Allowances for doubtful receivables | |||||
| | Add: LIFO reserve3 | |||||
| | Add: Deferred revenue | |||||
| | Add: Accrual related to warranty costs and field service actions | |||||
| | Add: Redeemable noncontrolling interest | |||||
| | Add: Equity attributable to noncontrolling interests | |||||
| | Adjusted total equity | |||||
| After Adjustment | ||||||
| | Adjusted total capital | |||||
Source: Based on data from Ford Motor Co. Annual Reports
1 Operating lease obligations. See Details »
2 Net deferred tax assets (liabilities). See Details »
3 LIFO reserve. See Details »
Adjustments to Revenues
Ford Motor Co., adjusted automotive sales
USD $ in millions
| 12 months ended | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Automotive sales | |||||
| Adjustments | ||||||
| | Add: Increase (decrease) in deferred revenue | |||||
| After Adjustment | ||||||
| | Adjusted automotive sales | |||||
Source: Based on data from Ford Motor Co. Annual Reports
Adjustments to Reported Income
Ford Motor Co., adjusted comprehensive income
USD $ in millions
| 12 months ended | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|---|
| As Reported | ||||||
| | Net income attributable to Ford Motor Company | |||||
| Adjustments | ||||||
| | Add: Deferred income tax expense (benefit)1 | |||||
| | Add: Increase (decrease) in allowances for doubtful receivables | |||||
| | Add: Increase (decrease) in LIFO reserve2 | |||||
| | Add: Increase (decrease) in deferred revenue | |||||
| | Add: Increase (decrease) in accrual related to warranty costs and field service actions | |||||
| | Add: Other comprehensive income (loss), net of tax | |||||
| | Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest | |||||
| After Adjustment | ||||||
| | Adjusted comprehensive income | |||||
Source: Based on data from Ford Motor Co. Annual Reports
1 Deferred income tax expense (benefit). See Details »
2 Increase (decrease) in LIFO reserve. See Details »
