Stock Analysis on Net

Ford Motor Co. (NYSE:F)

Balance Sheet: Assets 
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Ford Motor Co., consolidated balance sheet: assets (quarterly data)

US$ in millions

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Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents 20,864 22,935 23,449 19,953 19,721 24,862 26,427 26,406 22,144 25,134 21,548 19,516 21,013 20,540 27,429 22,955 21,826 25,243 24,263 30,989 25,971
Marketable securities 14,362 15,413 13,456 14,613 14,742 15,309 14,688 16,415 17,369 18,936 18,625 17,184 20,215 29,053 18,997 18,081 24,281 24,718 20,568 26,141 20,399
Ford Credit finance receivables, net of allowance for credit losses 47,997 51,850 49,340 47,434 44,600 46,425 42,572 42,557 40,350 38,720 33,902 30,716 32,775 32,543 32,600 34,339 40,664 42,401 41,847 42,720 54,889
Trade and other receivables, less allowances 17,225 14,723 16,469 16,802 18,698 15,601 15,129 14,482 14,920 15,729 14,764 15,037 13,031 11,370 10,851 8,750 10,448 9,993 10,114 9,107 6,625
Inventories 17,895 14,951 18,025 17,183 18,632 15,651 18,326 17,703 16,212 14,080 15,213 13,976 14,647 12,065 13,508 13,593 12,742 10,808 10,583 10,220 11,312
Other assets 4,711 4,602 4,360 4,533 4,202 3,633 4,219 4,149 4,128 3,877 4,036 4,040 4,461 3,425 3,583 3,557 3,971 3,581 4,390 4,934 5,080
Current assets 123,054 124,474 125,099 120,518 120,595 121,481 121,361 121,712 115,123 116,476 108,088 100,469 106,142 108,996 106,968 101,275 113,932 116,744 111,765 124,111 124,276
Ford Credit finance receivables, net of allowance for credit losses 59,049 59,786 59,889 58,159 56,985 55,650 53,434 52,567 51,084 49,903 47,683 49,743 50,000 51,256 50,839 51,836 52,570 55,277 55,659 53,987 51,141
Net investment in operating leases 23,820 22,947 22,389 21,545 21,118 21,384 21,415 21,662 22,008 22,772 23,555 24,533 25,546 26,361 26,740 27,562 27,811 27,951 27,895 27,716 28,514
Net property 42,471 41,928 41,169 40,709 40,515 40,821 39,370 38,503 37,970 37,265 35,529 36,162 36,625 37,139 36,597 36,723 36,361 37,083 36,118 35,276 35,294
Equity in net assets of affiliated companies 5,168 6,821 8,029 7,215 6,336 5,548 4,403 3,578 3,448 2,798 2,556 4,196 4,306 4,545 4,628 4,582 4,694 4,901 4,741 4,651 2,275
Deferred income taxes 17,022 16,375 17,216 16,468 16,726 16,985 15,662 15,860 15,572 15,552 15,149 15,045 14,991 13,796 11,891 12,271 12,103 12,423 10,907 11,066 10,922
Other assets 13,955 12,865 13,256 11,972 12,066 11,441 12,428 12,109 11,595 11,118 14,359 15,607 15,376 14,942 15,014 14,283 13,348 12,882 12,858 12,559 11,728
Non-current assets 161,485 160,722 161,948 156,068 153,746 151,829 146,712 144,279 141,677 139,408 138,831 145,286 146,844 148,039 145,709 147,257 146,887 150,517 148,178 145,255 139,874
Total assets 284,539 285,196 287,047 276,586 274,341 273,310 268,073 265,991 256,800 255,884 246,919 245,755 252,986 257,035 252,677 248,532 260,819 267,261 259,943 269,366 264,150

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


The financial data exhibits various trends across multiple asset categories over the reported periods.

Liquidity Position
Cash and cash equivalents show fluctuations, initially declining from approximately 31.0 billion USD in mid-2020 down to around 20.5 billion USD by the end of 2021, followed by some recovery peaking near 26.4 billion USD by the third quarter of 2023, then moderately decreasing again to about 20.9 billion USD by the first quarter of 2025. Marketable securities similarly fluctuate, showing a decrease from about 26.1 billion USD in mid-2020 to lows near 13.5 billion USD in 2024, with minor upticks thereafter.
Receivables
Ford Credit finance receivables, net of allowances, present a generally rising trend throughout the data. Beginning from approximately 54.9 billion USD in early 2020, the figure dips in late 2020 but steadily increases thereafter to roughly 59.0 billion USD by late 2024 before a slight decrease around early 2025. Trade and other receivables demonstrate growth, increasing from 6.6 billion USD in early 2020 to around 18.7 billion USD by mid-2024, though with some oscillations.
Inventory Levels
Inventories show a moderate upward trend, increasing from about 11.3 billion USD in the first quarter of 2020 to a peak of approximately 18.3 billion USD in late 2023. A notable decline occurs towards early 2025, falling back to around 17.9 billion USD.
Asset Composition
Net investment in operating leases exhibits a steady decline, dropping from approximately 28.5 billion USD in early 2020 to near 21.3 billion USD at the close of 2021, followed by stabilization and slight increases thereafter, reaching about 23.8 billion USD by early 2025. Net property values remain relatively stable with gradual increases, starting near 35.3 billion USD, culminating around 42.5 billion USD in early 2025.
Other Asset Categories
Equity in net assets of affiliated companies decreases overall, from 2.3 billion USD in early 2020 to a low near 2.6 billion USD by late 2022, before recovering to approximately 8.0 billion USD by late 2024, then dropping back down to around 5.2 billion USD by early 2025. Deferred income taxes remain steady with minor fluctuations, consistently around 11 to 17 billion USD. Other assets exhibit moderate growth from approximately 11.7 billion USD to over 13.9 billion USD by early 2025 after a slight dip in 2022.
Aggregate Asset Position
Current assets show a moderate decline from around 124.3 billion USD in early 2020 to approximately 123.1 billion USD by early 2025, with fluctuations in between. Non-current assets generally increase over time, advancing from roughly 139.9 billion USD to about 161.5 billion USD during the same period. Total assets follow a comparable upward trend, moving from about 264.2 billion USD to roughly 284.5 billion USD by early 2025, notwithstanding some interim variations.

Overall, the data indicates a strengthening in long-term asset bases and receivables, with some volatility in liquidity components such as cash and marketable securities. Inventory buildup suggests a trend of increasing stock levels with some periods of drawdown. The evolution of deferred income taxes and equity investments also reflects dynamic adjustments in asset management strategies.


Assets: Selected Items


Current Assets: Selected Items