Analysis of Reportable Segments
Ford Motor Co. operates in 5 segments: Ford Blue; Ford Model e; Ford Pro; Ford Next; and Ford Credit.
Segment Profit Margin
Ford Motor Co., profit margin by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Ford Blue | 5.31% | 5.24% | 2.98% | — | — |
| Ford Model e | -72.03% | -39.69% | -28.00% | — | — |
| Ford Pro | 12.44% | 6.58% | 6.25% | — | — |
| Ford Next | -4,600.00% | -935.35% | -872.88% | -2,275.00% | -2,892.68% |
| Ford Credit | 12.93% | 29.59% | 46.83% | 23.28% | 24.45% |
Based on: 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), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Ford Blue | Ford Blue segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Ford Model e | Ford Model e segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Ford Pro | Ford Pro segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Ford Next | Ford Next segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Ford Credit | Ford Credit segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Ford Blue
Ford Motor Co.; Ford Blue; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) before income taxes | 7,462) | 6,847) | 3,293) | —) | —) |
| Revenues | 140,627) | 130,782) | 110,466) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 5.31% | 5.24% | 2.98% | — | — |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Revenues
= 100 × 7,462 ÷ 140,627 = 5.31%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Ford Blue | Ford Blue segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Ford Model e
Ford Motor Co.; Ford Model e; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) before income taxes | (4,701) | (2,133) | (892) | —) | —) |
| Revenues | 6,526) | 5,374) | 3,186) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -72.03% | -39.69% | -28.00% | — | — |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Revenues
= 100 × -4,701 ÷ 6,526 = -72.03%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Ford Model e | Ford Model e segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Ford Pro
Ford Motor Co.; Ford Pro; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) before income taxes | 7,222) | 3,222) | 2,665) | —) | —) |
| Revenues | 58,058) | 48,939) | 42,649) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 12.44% | 6.58% | 6.25% | — | — |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Revenues
= 100 × 7,222 ÷ 58,058 = 12.44%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Ford Pro | Ford Pro segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Ford Next
Ford Motor Co.; Ford Next; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) before income taxes | (138) | (926) | (1,030) | (1,274) | (1,186) |
| Revenues | 3) | 99) | 118) | 56) | 41) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -4,600.00% | -935.35% | -872.88% | -2,275.00% | -2,892.68% |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Revenues
= 100 × -138 ÷ 3 = -4,600.00%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Ford Next | Ford Next segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Ford Credit
Ford Motor Co.; Ford Credit; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) before income taxes | 1,331) | 2,657) | 4,717) | 2,608) | 2,998) |
| Revenues | 10,290) | 8,978) | 10,073) | 11,203) | 12,260) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 12.93% | 29.59% | 46.83% | 23.28% | 24.45% |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Revenues
= 100 × 1,331 ÷ 10,290 = 12.93%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Ford Credit | Ford Credit segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Return on Assets (Segment ROA)
Ford Motor Co., ROA by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Ford Blue | 12.65% | 12.22% | 5.94% | — | — |
| Ford Model e | -34.44% | -40.36% | -34.80% | — | — |
| Ford Pro | 245.48% | 148.00% | 147.32% | — | — |
| Ford Next | -66.67% | -236.22% | -30.98% | -31.67% | -114.70% |
| Ford Credit | 0.90% | 1.93% | 3.51% | 1.65% | 1.87% |
Based on: 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), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Ford Blue | Ford Blue segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
| Ford Model e | Ford Model e segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. | |
| Ford Pro | Ford Pro segment ROA improved from 2021 to 2022 and from 2022 to 2023. | |
| Ford Next | Ford Next segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. | |
| Ford Credit | Ford Credit segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Ford Blue
Ford Motor Co.; Ford Blue; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) before income taxes | 7,462) | 6,847) | 3,293) | —) | —) |
| Total assets | 58,990) | 56,023) | 55,456) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 12.65% | 12.22% | 5.94% | — | — |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Total assets
= 100 × 7,462 ÷ 58,990 = 12.65%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Ford Blue | Ford Blue segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Ford Model e
Ford Motor Co.; Ford Model e; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) before income taxes | (4,701) | (2,133) | (892) | —) | —) |
| Total assets | 13,648) | 5,285) | 2,563) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | -34.44% | -40.36% | -34.80% | — | — |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Total assets
= 100 × -4,701 ÷ 13,648 = -34.44%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Ford Model e | Ford Model e segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment ROA: Ford Pro
Ford Motor Co.; Ford Pro; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) before income taxes | 7,222) | 3,222) | 2,665) | —) | —) |
| Total assets | 2,942) | 2,177) | 1,809) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 245.48% | 148.00% | 147.32% | — | — |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Total assets
= 100 × 7,222 ÷ 2,942 = 245.48%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Ford Pro | Ford Pro segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Ford Next
Ford Motor Co.; Ford Next; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) before income taxes | (138) | (926) | (1,030) | (1,274) | (1,186) |
| Total assets | 207) | 392) | 3,325) | 4,023) | 1,034) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | -66.67% | -236.22% | -30.98% | -31.67% | -114.70% |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Total assets
= 100 × -138 ÷ 207 = -66.67%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Ford Next | Ford Next segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment ROA: Ford Credit
Ford Motor Co.; Ford Credit; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) before income taxes | 1,331) | 2,657) | 4,717) | 2,608) | 2,998) |
| Total assets | 148,521) | 137,954) | 134,428) | 158,524) | 160,697) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 0.90% | 1.93% | 3.51% | 1.65% | 1.87% |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Total assets
= 100 × 1,331 ÷ 148,521 = 0.90%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Ford Credit | Ford Credit segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover
Ford Motor Co., asset turnover by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Ford Blue | 2.38 | 2.33 | 1.99 | — | — |
| Ford Model e | 0.48 | 1.02 | 1.24 | — | — |
| Ford Pro | 19.73 | 22.48 | 23.58 | — | — |
| Ford Next | 0.01 | 0.25 | 0.04 | 0.01 | 0.04 |
| Ford Credit | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 |
Based on: 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), 10-K (reporting date: 2019-12-31).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Ford Blue | Ford Blue segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Ford Model e | Ford Model e segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Ford Pro | Ford Pro segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Ford Next | Ford Next segment asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. | |
| Ford Credit | Ford Credit segment asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment Asset Turnover: Ford Blue
Ford Motor Co.; Ford Blue; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 140,627) | 130,782) | 110,466) | —) | —) |
| Total assets | 58,990) | 56,023) | 55,456) | —) | —) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 2.38 | 2.33 | 1.99 | — | — |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 140,627 ÷ 58,990 = 2.38
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Ford Blue | Ford Blue segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Ford Model e
Ford Motor Co.; Ford Model e; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 6,526) | 5,374) | 3,186) | —) | —) |
| Total assets | 13,648) | 5,285) | 2,563) | —) | —) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.48 | 1.02 | 1.24 | — | — |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 6,526 ÷ 13,648 = 0.48
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Ford Model e | Ford Model e segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Ford Pro
Ford Motor Co.; Ford Pro; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 58,058) | 48,939) | 42,649) | —) | —) |
| Total assets | 2,942) | 2,177) | 1,809) | —) | —) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 19.73 | 22.48 | 23.58 | — | — |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 58,058 ÷ 2,942 = 19.73
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Ford Pro | Ford Pro segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Ford Next
Ford Motor Co.; Ford Next; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 3) | 99) | 118) | 56) | 41) |
| Total assets | 207) | 392) | 3,325) | 4,023) | 1,034) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.01 | 0.25 | 0.04 | 0.01 | 0.04 |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 3 ÷ 207 = 0.01
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Ford Next | Ford Next segment asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Asset Turnover: Ford Credit
Ford Motor Co.; Ford Credit; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 10,290) | 8,978) | 10,073) | 11,203) | 12,260) |
| Total assets | 148,521) | 137,954) | 134,428) | 158,524) | 160,697) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 10,290 ÷ 148,521 = 0.07
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Ford Credit | Ford Credit segment asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment Capital Expenditures to Depreciation
Ford Motor Co., capital expenditures to depreciation by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Ford Blue | 1.47 | 1.40 | 1.51 | — | — |
| Ford Model e | 5.67 | 5.37 | 3.63 | — | — |
| Ford Pro | 0.01 | 0.02 | 0.04 | — | — |
| Ford Next | 0.50 | 4.60 | 5.75 | 3.84 | 3.41 |
| Ford Credit | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 |
Based on: 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), 10-K (reporting date: 2019-12-31).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Ford Blue | Ford Blue segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Ford Model e | Ford Model e segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Ford Pro | Ford Pro segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Ford Next | Ford Next segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Ford Credit | Ford Credit segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Capital Expenditures to Depreciation: Ford Blue
Ford Motor Co.; Ford Blue; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash outflow for capital spending | 4,963) | 4,702) | 5,214) | —) | —) |
| Depreciation and tooling amortization | 3,378) | 3,365) | 3,445) | —) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.47 | 1.40 | 1.51 | — | — |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Cash outflow for capital spending ÷ Depreciation and tooling amortization
= 4,963 ÷ 3,378 = 1.47
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Ford Blue | Ford Blue segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment Capital Expenditures to Depreciation: Ford Model e
Ford Motor Co.; Ford Model e; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash outflow for capital spending | 2,861) | 1,336) | 516) | —) | —) |
| Depreciation and tooling amortization | 505) | 249) | 142) | —) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 5.67 | 5.37 | 3.63 | — | — |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Cash outflow for capital spending ÷ Depreciation and tooling amortization
= 2,861 ÷ 505 = 5.67
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Ford Model e | Ford Model e segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Ford Pro
Ford Motor Co.; Ford Pro; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash outflow for capital spending | 7) | 26) | 59) | —) | —) |
| Depreciation and tooling amortization | 1,291) | 1,522) | 1,423) | —) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.01 | 0.02 | 0.04 | — | — |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Cash outflow for capital spending ÷ Depreciation and tooling amortization
= 7 ÷ 1,291 = 0.01
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Ford Pro | Ford Pro segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Ford Next
Ford Motor Co.; Ford Next; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash outflow for capital spending | 6) | 23) | 46) | 142) | 99) |
| Depreciation and tooling amortization | 12) | 5) | 8) | 37) | 29) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.50 | 4.60 | 5.75 | 3.84 | 3.41 |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Cash outflow for capital spending ÷ Depreciation and tooling amortization
= 6 ÷ 12 = 0.50
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Ford Next | Ford Next segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Ford Credit
Ford Motor Co.; Ford Credit; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash outflow for capital spending | 80) | 58) | 44) | 40) | 52) |
| Depreciation and tooling amortization | 2,354) | 2,281) | 1,666) | 3,269) | 3,666) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Cash outflow for capital spending ÷ Depreciation and tooling amortization
= 80 ÷ 2,354 = 0.03
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Ford Credit | Ford Credit segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Revenues
Ford Motor Co., revenues by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Ford Blue | 140,627) | 130,782) | 110,466) | —) | —) |
| Ford Model e | 6,526) | 5,374) | 3,186) | —) | —) |
| Ford Pro | 58,058) | 48,939) | 42,649) | —) | —) |
| Automotive | —) | —) | —) | 115,885) | 143,599) |
| Ford Next | 3) | 99) | 118) | 56) | 41) |
| Ford Credit | 10,290) | 8,978) | 10,073) | 11,203) | 12,260) |
| Corporate Other | 9) | 26) | 26) | —) | —) |
| Eliminations/Adjustments | (39,322) | (36,141) | (30,177) | —) | —) |
| Total | 176,191) | 158,057) | 136,341) | 127,144) | 155,900) |
Based on: 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), 10-K (reporting date: 2019-12-31).
Income (loss) before income taxes
Ford Motor Co., income (loss) before income taxes by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Ford Blue | 7,462) | 6,847) | 3,293) | —) | —) |
| Ford Model e | (4,701) | (2,133) | (892) | —) | —) |
| Ford Pro | 7,222) | 3,222) | 2,665) | —) | —) |
| Automotive | —) | —) | —) | 1,633) | 4,926) |
| Ford Next | (138) | (926) | (1,030) | (1,274) | (1,186) |
| Ford Credit | 1,331) | 2,657) | 4,717) | 2,608) | 2,998) |
| Corporate Other | (760) | 748) | 1,247) | (188) | (359) |
| Interest on Debt | (1,302) | (1,259) | (1,803) | (1,649) | (1,020) |
| Special Items | (5,147) | (12,172) | 9,583) | (2,246) | (5,999) |
| Total | 3,967) | (3,016) | 17,780) | (1,116) | (640) |
Based on: 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), 10-K (reporting date: 2019-12-31).
Depreciation and tooling amortization
Ford Motor Co., depreciation and tooling amortization by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Ford Blue | 3,378) | 3,365) | 3,445) | —) | —) |
| Ford Model e | 505) | 249) | 142) | —) | —) |
| Ford Pro | 1,291) | 1,522) | 1,423) | —) | —) |
| Automotive | —) | —) | —) | 5,232) | 6,798) |
| Ford Next | 12) | 5) | 8) | 37) | 29) |
| Ford Credit | 2,354) | 2,281) | 1,666) | 3,269) | 3,666) |
| Corporate Other | 103) | 95) | 67) | —) | —) |
| Special Items | 47) | 157) | 567) | 236) | —) |
| Total | 7,690) | 7,674) | 7,318) | 8,774) | 10,493) |
Based on: 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), 10-K (reporting date: 2019-12-31).
Cash outflow for capital spending
Ford Motor Co., cash outflow for capital spending by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Ford Blue | 4,963) | 4,702) | 5,214) | —) | —) |
| Ford Model e | 2,861) | 1,336) | 516) | —) | —) |
| Ford Pro | 7) | 26) | 59) | —) | —) |
| Automotive | —) | —) | —) | 5,560) | 7,481) |
| Ford Next | 6) | 23) | 46) | 142) | 99) |
| Ford Credit | 80) | 58) | 44) | 40) | 52) |
| Corporate Other | 315) | 424) | 348) | —) | —) |
| Special Items | 4) | 297) | —) | —) | —) |
| Total | 8,236) | 6,866) | 6,227) | 5,742) | 7,632) |
Based on: 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), 10-K (reporting date: 2019-12-31).
Total assets
Ford Motor Co., total assets by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Ford Blue | 58,990) | 56,023) | 55,456) | —) | —) |
| Ford Model e | 13,648) | 5,285) | 2,563) | —) | —) |
| Ford Pro | 2,942) | 2,177) | 1,809) | —) | —) |
| Automotive | —) | —) | —) | 109,963) | 101,348) |
| Ford Next | 207) | 392) | 3,325) | 4,023) | 1,034) |
| Ford Credit | 148,521) | 137,954) | 134,428) | 158,524) | 160,697) |
| Corporate Other | 52,521) | 55,580) | 60,871) | —) | —) |
| Eliminations/Adjustments | (3,519) | (1,527) | (1,417) | (5,249) | (4,542) |
| Total | 273,310) | 255,884) | 257,035) | 267,261) | 258,537) |
Based on: 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), 10-K (reporting date: 2019-12-31).