Stock Analysis on Net
Stock Analysis on Net

Ford Motor Co. (NYSE:F)

$24.99

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.

Paying user area

Try for free

Ford Motor Co. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Ford Motor Co., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Net income (loss)
Depreciation and tooling amortization
Other amortization
EV asset impairment/program cancellation asset write-downs, including depreciation
Provision for (benefit from) credit and insurance losses
Pension and other postretirement employee benefits (OPEB) expense (income)
Equity method investment (earnings) losses and impairments in excess of dividends received
Foreign currency adjustments
Net realized and unrealized (gains) losses on cash equivalents, marketable securities, and other investments
Stock compensation
Provision for (benefit from) deferred income taxes
(Increase) decrease in finance receivables (wholesale and other)
(Increase) decrease in accounts receivable and other assets
(Increase) decrease in inventory
Increase (decrease) in accounts payable and accrued and other liabilities
Cash changes in operating assets and liabilities
Other
Net cash provided by operating activities
Capital spending
Acquisitions of finance receivables and operating leases
Collections of finance receivables and operating leases
Proceeds from sale of business
Purchases of marketable securities and other investments
Sales and maturities of marketable securities and other investments
Settlements of derivatives
Capital contributions to equity method investments
Returns of capital from equity method investments
Other
Net cash (used in) provided by investing activities
Cash payments for dividends and dividend equivalents
Purchases of common stock
Net changes in short-term debt
Proceeds from issuance of long-term debt
Payments of long-term debt
Other
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
Net increase (decrease) in cash, cash equivalents, and restricted cash
Cash, cash equivalents, and restricted cash at beginning of period
Cash, cash equivalents, and restricted cash at end of period

Based on: 10-K (reporting date: 2025-12-31), 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).

The company exhibits significant volatility in its net income over the analyzed period, beginning with a substantial profit in 2021, followed by a considerable loss in 2022, recovery in 2023 and 2024, and a return to loss in 2025. Operating cash flow demonstrates a generally positive trend, increasing from US$15.787 billion in 2021 to US$21.282 billion in 2025, despite fluctuations. Investing activities consistently represent a cash outflow, with increasing magnitude over the period, primarily driven by acquisitions of finance receivables and operating leases. Financing activities show considerable variation, shifting from a large outflow in 2021 to inflows in subsequent years before returning to an outflow in 2025.

Operating Activities
Net cash provided by operating activities remained positive throughout the period, ranging from US$6.853 billion to US$21.282 billion. A notable increase in cash flow from operations is observed in 2025, potentially linked to changes in working capital. The significant increase in accounts payable and accrued liabilities from 2022 through 2025 suggests a potential deferral of payments or increased credit terms with suppliers. Fluctuations in the provision for credit and insurance losses also contribute to the variability in operating cash flow.
Investing Activities
Investing activities consistently consumed cash, with the largest outflow occurring in 2024 (US$24.370 billion). This is largely attributable to substantial and increasing acquisitions of finance receivables and operating leases. Sales and maturities of marketable securities provide a partial offset to these outflows, but are insufficient to reverse the overall negative cash flow. Capital spending remains relatively stable, representing a consistent drain on cash reserves.
Financing Activities
Financing activities demonstrate a complex pattern. 2021 saw a significant cash outflow, largely due to payments of long-term debt. Subsequent years experienced inflows, driven by proceeds from the issuance of long-term debt, but 2025 returned to a net outflow, influenced by increased debt payments and dividend payments. The net changes in short-term debt also contribute to the fluctuations in financing cash flow.
Net Income and Working Capital
The volatility in net income is reflected in the changes in working capital. The decrease in net income in 2022 coincided with a decrease in cash, while the recovery in 2023 and 2024 was accompanied by increases in cash. The significant loss in 2025, despite strong operating cash flow, suggests that other factors, such as investing and financing activities, offset the positive impact of operations. The substantial write-down in 2025 also contributed to the net loss.
Cash Position
Despite the fluctuations in cash flow, the company maintained a relatively stable cash position over the period, ranging from US$20.737 billion to US$25.935 billion. The ending cash balance in 2025 (US$23.750 billion) is comparable to the beginning balance in 2021, indicating an overall balance between cash inflows and outflows, despite the internal shifts.