Balance Sheet: Assets
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
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 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).
The financial data reveals several notable trends over the five-year period.
- Liquidity Indicators
- Cash and cash equivalents have fluctuated, starting at $25,243 million in 2020, dipping to $20,540 million in 2021, and then gradually declining to $22,935 million in 2024. Marketable securities show a pronounced decrease after peaking at $29,053 million in 2021, falling to around $15,413 million by 2024. These trends indicate a reduction in liquid assets available over time, possibly reflecting shifts in investment strategy or operational cash requirements.
- Receivables and Inventories
- Ford Credit finance receivables (net of allowance for credit losses) exhibit growth from $42,401 million in 2020 to $51,850 million in 2024 for current receivables, and from $55,277 million to $59,786 million for non-current receivables. This suggests an expansion in financing activities. Trade and other receivables increased significantly from $9,993 million in 2020 to a peak of $15,729 million in 2022, followed by a slight decline to $14,723 million in 2024. Inventories rose steadily from $10,808 million in 2020 to $15,651 million in 2023, with a small decrease to $14,951 million in 2024, indicating generally increased stock levels with some moderation in the final year.
- Asset Composition
- Other assets under current assets vary over the period but tend to fluctuate around the $3,500 to $4,600 million range. Current assets have gradually increased from $116,744 million in 2020 to $124,474 million in 2024, reflecting a moderate growth in short-term resource availability.
- Long-term Asset Trends
- Non-current assets slightly decreased from $150,517 million in 2020 to $139,408 million in 2022 but then rose steadily to $160,722 million by 2024. This shows some asset reallocation or capital investments occurring after 2022. The net investment in operating leases declined from $27,951 million in 2020 to $21,384 million in 2023, with a modest recovery to $22,947 million in 2024, possibly indicating changes in leasing strategies. Net property assets have increased gradually, reaching $41,928 million in 2024, suggesting ongoing capital expenditure or asset revaluation during this period.
- Equity Investments and Deferred Taxes
- Equity in net assets of affiliated companies declined noticeably to $2,798 million in 2022 but then recovered strongly to $6,821 million in 2024, indicating variability in associated companies’ performance or changes in ownership shares. Deferred income taxes increased steadily from $12,423 million in 2020 to a high of $16,985 million in 2023, then slightly decreased to $16,375 million in 2024, reflecting fluctuations in tax liabilities or timing differences related to asset and liability recognition.
- Total Assets
- Total assets decreased modestly from $267,261 million in 2020 to $255,884 million in 2022, but then increased significantly to $285,196 million by 2024. This overall growth in total assets is consistent with increases in both current and non-current asset categories, signaling expansion or accumulation of resources in recent years.
In summary, the data shows fluctuating liquidity with a reduction in marketable securities, growth in credit-related receivables, increasing inventories, and a rise in both current and non-current assets leading to overall asset growth by 2024. These patterns may reflect strategic shifts in asset management, financing activities, and capital investment decisions over the period analyzed.