Ford Motor Co. (NYSE:F)

The financial data reveals a series of notable trends and fluctuations over the evaluated period.

Company Revenues Excluding Ford Credit

The revenue figures demonstrate overall variability with a general upward trend in the later years. Starting at approximately $153.5 billion in 2005, revenue decreased notably during 2008 and 2009, reflecting the impact of the global financial crisis with a low near $105.9 billion in 2009. From 2010 onwards, revenues progressively recovered and experienced steady growth, reaching approximately $172.7 billion by 2024. This suggests a gradual restoration and expansion of the company's core business activities over the latter part of the timeline.

Operating Income (Loss)

Operating income data is sparse in earlier years but shows values from 2017 onward. The company reported a moderate operating income of $3.2 billion in 2017, followed by a decline to $574 million in 2018. A significant operating loss of $4.4 billion occurred in 2019, indicating a challenging year likely influenced by increased costs or operational disruptions. However, subsequent years show recovery with operating incomes of $4.5 billion in 2020, $6.3 billion in 2021, $5.5 billion in 2022, and $5.2 billion in 2023, reflecting improved operational efficiency and profitability. The presence of volatile operational results suggests sensitivity to market conditions and internal factors affecting performance.

Net Income (Loss) Attributable to Ford Motor Company

Net income figures exhibit significant volatility throughout the period. Initial years from 2005 to 2008 show considerable fluctuations including substantial losses in 2006 (-$12.6 billion) and 2008 (-$14.7 billion), likely corresponding to macroeconomic downturns and company-specific challenges. A recovery phase is evident from 2009 through 2011 with notable positive earnings peaking at over $20 billion in 2011. From 2012 onward, net income values continue to fluctuate, including years with positive results such as 2013, 2015, and 2017, interspersed with years demonstrating losses, including 2018 (-$1.3 billion) and 2022 (-$2 billion). Positive net income reappears in the most recent years, indicating improved profitability though still with some instability. The fluctuations in net income highlight ongoing volatility in overall profitability influenced by a combination of operational performance, market conditions, and possibly non-operational factors.

In summary, the data portrays a company that endured substantial financial turbulence associated with broader economic events, especially during 2008-2009. Recovery phases are evident in revenues and profitability post-crisis, though volatility remains present in operating and net income figures. The recent upward trends in revenue and profitability suggest strengthening financial health, albeit with ongoing challenges requiring management attention to sustain and stabilize performance.

The analysis of the annual financial data reveals several trends in the company's asset base over the period observed.

Current Assets

Current assets exhibited significant fluctuations during the period. The value increased from approximately $46.4 billion in 2005 to a peak around $57.3 billion in 2006, followed by a decline to about $34.1 billion by 2008. This drop coincides with the global financial crisis during that time.

From 2009 onward, current assets showed a general upward trajectory, reaching a substantial increase in 2015 and 2016 with values exceeding $100 billion, indicating a strong liquidity position. After peaking in the mid-2010s, current assets stabilized and continued to grow moderately through 2024, ending at approximately $124.5 billion.

Total Assets

Total assets followed a somewhat parallel but less volatile trend compared to current assets. Beginning at roughly $276 billion in 2005, total assets saw a minor increase in 2006 before a marked decline down to about $166 billion in 2010, reflecting challenges possibly linked to the economic downturn and restructuring efforts.

Subsequent years showed gradual recovery, with total assets steadily increasing and reaching over $267 billion by 2016 and maintaining a range around $255 billion to $273 billion in the later years. By 2024, total assets had grown to approximately $285 billion.

Overall, the financial data indicate that the company experienced fluctuations attributable to broader economic conditions, with a notable dip during the late 2000s crisis. The recovery period shows improvements in both current and total assets, highlighting enhanced operational and financial strength. The consistent growth in current assets since the mid-2010s suggests effective liquidity management, while the stabilization and gradual increase in total assets reflect sustained investment and asset base expansion.

The financial data reveals several notable trends in the liabilities, debt, and equity of the company over the period examined.

Current Liabilities

Current liabilities demonstrate a generally increasing trend, starting at approximately $51,374 million in 2005 and rising with some fluctuations to $106,859 million by 2024. A notable spike occurs around 2012, where current liabilities jump from about $32,825 million in 2011 to $73,428 million in 2012, indicating a significant short-term obligation increase in that year. Following 2012, current liabilities continue to rise steadily, peaking at the end of the period.

Total Liabilities

Total liabilities exhibit a rising trend with some variability. Beginning at $261,861 million in 2005, total liabilities increase and peak around 2011 and 2012 at over $220,000 million. A dip is observed around 2017 and 2018, where the values decrease to just over $208,000 million. However, liabilities trend upward again afterward, ending at approximately $240,338 million in 2024. The fluctuations suggest phases of liability reduction followed by increased borrowing or obligations.

Total Debt

Total debt shows a distinctive pattern. It starts at $154,332 million in 2005 and initially grows, reaching a peak near $172,049 million in 2006. Subsequently, it declines to approximately $99,689 million in 2011, before gradually increasing again to $158,522 million in 2024. This indicates a cycle of debt reduction followed by renewed debt accumulation, possibly reflecting refinancing or investment activities.

Equity Attributable to the Company

Equity attributable to the company fluctuates significantly during the period. Starting at a modest positive value of $12,957 million in 2005, it turns negative in 2006 and 2008, reaching a low of approximately -$17,311 million in 2008. After 2008, equity increases sharply, becoming positive in 2010 and continuing to grow, reaching a peak of around $48,519 million in 2021. There is a slight decline observed in the following years, but equity remains substantially positive, ending near $44,835 million in 2024. This pattern reflects periods of financial distress followed by recovery and strengthened shareholder equity position.

The analysis of cash flow components over the reported periods reveals notable volatility and distinct directional trends among operating, investing, and financing activities.

Operating Activities

Net cash provided by operating activities demonstrates significant fluctuations. Initial cash inflows were strong, peaking at over 21,000 million US$ in 2005, followed by a steep decline in 2006 and a sharp negative cash flow in 2008. Post-2008, operating cash flow generally recovers, reaching a second peak in 2016 near 19,800 million US$. A pronounced rise appears in 2020, with the highest inflow of approximately 24,300 million US$, then followed by a decline and partial recovery towards 2024. This pattern suggests periods of operational contraction and expansion, likely reflecting external market conditions and internal performance shifts.

Investing Activities

Cash flows from investing activities show predominantly negative values, indicating consistent investment outflows over the majority of the timeline. The early years feature wide variation, with a positive spike in 2005 and 2009, contrasting prolonged negative cash movements thereafter. The largest outflows occur from 2011 to 2016, surpassing 20,000 million US$ in some years, signaling heavy capital expenditures or asset acquisitions. There is a notable positive reversal in 2021 with an inflow of approximately 2,700 million US$, but the figure reverts to negative territory thereafter, culminating in substantial outflows in the latest years. These trends imply phases of aggressive investment followed by attempts at asset liquidation or reduced capital spending.

Financing Activities

Financing cash flows oscillate markedly between inflows and outflows. The period begins with major negative financing cash flows, followed by a remarkable switch to inflows in 2006. Subsequent years show alternating patterns, with substantial outflows in 2009 and 2010, consistent with debt repayments or shareholder distributions. From 2013 through 2015, sizeable positive inflows reflect new financing or capital raising efforts. The most volatile phase is observed from 2020 onwards, with large negative cash movements reflective of repayments or restructuring, followed by recovery in 2023 and 2024. These fluxes indicate dynamic capital structure management responsive to operational and investment cash requirements.

Overall, the cash flow profile highlights a company experiencing cyclical operational performance, sustained investment commitments, and an adaptive approach to financing. Periods of heavy investment correspond with financing inflows, while recoveries in operating cash flows facilitate repayment or reduced financing needs. The variability suggests sensitivity to external economic factors and possible internal strategic shifts impacting financial management.

The financial data reveals significant fluctuations in earnings per share (EPS) over the analyzed period, with notable periods of negative earnings interspersed with gradual recoveries. Basic and diluted earnings per share display parallel trends, indicating consistency between the two measures.

Basic Earnings Per Share (EPS)

The EPS shows considerable volatility, starting at 1.10 USD in 2005, followed by sharp declines in 2006 and 2008, where values reached -6.72 and -6.46 USD respectively. A recovery trend begins in 2009 with a positive EPS of 0.91 USD, peaking at 5.33 USD in 2011. Subsequent years present a fluctuating pattern, with EPS mostly positive but occasionally close to zero or negative, such as in 2020 (-0.32 USD) and 2022 (-0.49 USD). The most recent years show moderate growth, with EPS increasing to 1.48 USD in 2024.

Diluted Earnings Per Share (EPS)

Diluted EPS mirrors the basic EPS movement closely, starting at 1.05 USD in 2005 and experiencing similar negative troughs in 2006 and 2008. The highest observed value is 4.94 USD in 2011. The pattern of recovery and fluctuating earnings parallels that of basic EPS, reflecting consistent dilution effects over time.

Dividend Per Share

Dividend payments commenced with 0.40 USD in 2005, followed by a reduction to 0.25 USD in 2006. Dividends were not declared during several subsequent years but resumed at a modest 0.05 USD in 2010. A steady increase in dividends per share is evident from 2010 onwards, reaching a peak of 1.25 USD in 2023. However, the following year saw a decrease to 0.78 USD. This indicates a cautious approach to dividend distributions, likely influenced by the earnings volatility and economic conditions.