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, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Ford Blue | 3.63% | 5.31% | 5.24% | 2.98% | — |
| Ford Model e | -123.53% | -72.03% | -39.69% | -28.00% | — |
| Ford Pro | 13.47% | 12.44% | 6.58% | 6.25% | — |
| Ford Next | -714.29% | -4,600.00% | -935.35% | -872.88% | -2,275.00% |
| Ford Credit | 13.46% | 12.93% | 29.59% | 46.83% | 23.28% |
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 data reveals varying profit margin trends among the different reportable segments over the given time periods, demonstrating divergent financial performances.
- Ford Blue
- This segment shows an overall improvement in profit margin from 2021 to 2023, rising from 2.98% to a peak of 5.31%. However, there is a notable decline in the most recent period to 3.63%, indicating some variability after reaching higher profitability levels.
- Ford Model e
- The segment experienced consistent and significant negative profit margins throughout the periods, reflecting ongoing losses. The losses deepened over time, starting at -28% in 2021 and deteriorating sharply to -123.53% by 2024. This trend suggests intensifying challenges or investments impacting profitability adversely.
- Ford Pro
- This segment exhibits a positive and generally upward trajectory in profit margin, increasing steadily from 6.25% in 2021 to 13.47% in 2024. This improvement indicates strengthening profitability and possibly growing operational efficiency or market acceptance during the period.
- Ford Next
- The profit margin for this segment is deeply negative across all recorded periods, with extremely large losses. While the margin remains negative, there is variability observed; for instance, it lessened from -2275% in 2020 to -4600% in 2023 but improved somewhat afterward to -714.29% in 2024. Despite these fluctuations, the margin remains substantially below zero, highlighting ongoing financial difficulties.
- Ford Credit
- The segment shows a peak profit margin in 2021 at 46.83%, followed by a significant decline to 12.93% in 2023, and a slight increase to 13.46% in 2024. Despite the reduction from the peak, the segment maintains positive profitability with a stabilization trend in the later periods.
Overall, segments demonstrate a mix of profitability trends: some segments, such as Ford Pro, show strong improvement and sustained profitability, while others, like Ford Model e and Ford Next, continue to incur substantial losses. The data suggests shifting strategic or market dynamics influencing the financial outcomes across segments.
Segment Profit Margin: Ford Blue
Ford Motor Co.; Ford Blue; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBIT/EBT | 5,284) | 7,462) | 6,847) | 3,293) | —) |
| Revenues | 145,377) | 140,627) | 130,782) | 110,466) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 3.63% | 5.31% | 5.24% | 2.98% | — |
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).
1 2024 Calculation
Segment profit margin = 100 × Segment EBIT/EBT ÷ Revenues
= 100 × 5,284 ÷ 145,377 = 3.63%
- Revenues
- Revenues exhibited a consistent upward trend over the periods presented. Starting from 110,466 million USD in 2021, revenues increased steadily each year, reaching 145,377 million USD by 2024. This progression indicates sustained growth in the segment's sales performance across the four years analyzed.
- Segment EBIT/EBT
- Segment EBIT/EBT demonstrated a notable increase between 2021 and 2023, rising from 3,293 million USD in 2021 to a peak of 7,462 million USD in 2023. However, in 2024, there was a significant decline to 5,284 million USD. This suggests strong profitability growth was achieved over the initial three years, followed by a decreased earnings performance in the most recent year.
- Segment Profit Margin
- The segment profit margin followed a similar pattern to EBIT/EBT. It increased from 2.98% in 2021 to a peak of 5.31% in 2023, indicative of improved operational efficiency or favorable cost management driving higher profitability relative to revenues. However, in 2024, the margin decreased sharply to 3.63%, implying that the profitability gains were not sustained and that costs or other factors may have adversely impacted margins despite higher revenue levels.
- Overall Trends and Insights
- The data reflects strong revenue growth and profitability improvement from 2021 through 2023, highlighting a positive performance phase for the segment. The sharp decline in both absolute earnings and profit margin in 2024 suggests that challenges emerged in the latest period, which dampened profitability despite continuing revenue growth. This could indicate increased costs, pricing pressures, or other operational difficulties impacting the segment's financial efficiency. Continuous monitoring of these metrics will be important to understand if the 2024 decline is a temporary setback or signals a longer-term trend.
Segment Profit Margin: Ford Model e
Ford Motor Co.; Ford Model e; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBIT/EBT | (5,076) | (4,701) | (2,133) | (892) | —) |
| Revenues | 4,109) | 6,526) | 5,374) | 3,186) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -123.53% | -72.03% | -39.69% | -28.00% | — |
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).
1 2024 Calculation
Segment profit margin = 100 × Segment EBIT/EBT ÷ Revenues
= 100 × -5,076 ÷ 4,109 = -123.53%
The data reveals a consistent decline in the segment earnings before interest and taxes (EBIT) or earnings before taxes (EBT) over the analyzed periods. Starting from a loss of $892 million in 2021, the losses increased significantly to $2,133 million in 2022, further deteriorated to $4,701 million in 2023, and reached $5,076 million in 2024. This negative trend indicates escalating operational inefficiencies or higher expenses relative to earnings in the segment.
Revenues exhibited growth from 2021 to 2023, rising from $3,186 million to $6,526 million. However, in 2024, there is a marked decrease in revenues to $4,109 million, which suggests a contraction in sales or a reduction in market demand after previous growth.
The segment profit margin follows a downward trajectory, starting at -28% in 2021, worsening to nearly -40% in 2022, steepening to -72% in 2023, and reaching an extreme negative margin of -123.53% in 2024. This indicates that not only did the segment remain unprofitable, but the losses grew disproportionately relative to revenues over time. The margin below -100% in 2024 implies that losses exceeded total revenues, demonstrating severe profitability issues.
Overall, the segment shows a troubling pattern of increasing losses and deteriorating profitability despite a period of revenue growth, followed by a decline in sales. This suggests challenges in cost management, pricing strategy, or market conditions adversely affecting financial performance.
Segment Profit Margin: Ford Pro
Ford Motor Co.; Ford Pro; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBIT/EBT | 9,015) | 7,222) | 3,222) | 2,665) | —) |
| Revenues | 66,906) | 58,058) | 48,939) | 42,649) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 13.47% | 12.44% | 6.58% | 6.25% | — |
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).
1 2024 Calculation
Segment profit margin = 100 × Segment EBIT/EBT ÷ Revenues
= 100 × 9,015 ÷ 66,906 = 13.47%
- Segment EBIT/EBT
- The segment EBIT/EBT demonstrated a consistent upward trend from 2021 through 2024. Starting at 2,665 million US dollars in 2021, it rose to 3,222 million in 2022, showing moderate growth. A significant increase occurred in 2023, reaching 7,222 million, followed by further growth to 9,015 million in 2024. This pattern indicates strong profitability improvements within the segment over the analyzed period.
- Revenues
- Revenues exhibited continuous growth every year from 2021 to 2024. The revenue increased from 42,649 million US dollars in 2021 to 48,939 million in 2022, then to 58,058 million in 2023, and further to 66,906 million in 2024. The consistent increase in revenues suggests robust demand and expansion in the segment’s operations during these years.
- Segment Profit Margin
- The segment profit margin showed a positive trend, increasing steadily from 6.25% in 2021 to 6.58% in 2022. A notable rise occurred in 2023, with the margin almost doubling to 12.44%. This upward momentum continued into 2024, reaching 13.47%. The improvement in profit margin indicates enhanced efficiency, cost control, or pricing power contributing to better profitability ratios over time.
- Overall Summary
- Over the period from 2021 to 2024, the analyzed segment reported significant growth in both absolute profitability and revenues. The increase in segment EBIT/EBT greatly outpaced revenue growth, reflected in the rising profit margins. This suggests that the segment has been successful in scaling its operations while improving profitability, possibly through operational leverage or strategic initiatives. The financial data points to a strengthening business performance trajectory with both top-line and bottom-line metrics showing marked improvements year-over-year.
Segment Profit Margin: Ford Next
Ford Motor Co.; Ford Next; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBIT/EBT | (50) | (138) | (926) | (1,030) | (1,274) |
| Revenues | 7) | 3) | 99) | 118) | 56) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -714.29% | -4,600.00% | -935.35% | -872.88% | -2,275.00% |
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).
1 2024 Calculation
Segment profit margin = 100 × Segment EBIT/EBT ÷ Revenues
= 100 × -50 ÷ 7 = -714.29%
The analysis of the segment data reveals distinct trends in profitability and revenue generation over the five-year period.
- Segment EBIT/EBT
- The segment exhibited a consistent improvement in EBIT/EBT from 2020 to 2024. Beginning with a significant negative EBIT of -$1,274 million in 2020, the losses decreased each year, reaching -$50 million by 2024. This progressive reduction in losses indicates a positive trend towards operational stabilization or improved efficiency within the segment.
- Revenues
- The revenue figures fluctuate markedly with an overall low level of sales throughout the period. Revenues increased from $56 million in 2020 to a peak of $118 million in 2021, then decreased to $99 million in 2022, followed by a sharp decline to $3 million in 2023, with a slight revival to $7 million in 2024. This volatility suggests challenges in maintaining consistent sales volume or pricing power within the segment.
- Segment Profit Margin
- The profit margin remained strongly negative throughout, indicating ongoing unprofitability. The margin improved from -2275% in 2020 to -872.88% in 2021 and -935.35% in 2022, reflecting some reduction in losses relative to revenues. However, margins worsened significantly in 2023 to -4600%, and slightly improved to -714.29% in 2024. The extremely high negative percentages point to disproportionate losses relative to the low revenue base, underscoring operational inefficiencies or high fixed costs.
In summary, while the segment demonstrates progress in reducing absolute EBIT losses, the inconsistent revenue trends and persistent deep negative profit margins highlight ongoing operational challenges. The data suggest that despite efforts towards cost management or strategic adjustments, achieving profitability remains a significant hurdle in the segment’s financial performance.
Segment Profit Margin: Ford Credit
Ford Motor Co.; Ford Credit; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBIT/EBT | 1,654) | 1,331) | 2,657) | 4,717) | 2,608) |
| Revenues | 12,286) | 10,290) | 8,978) | 10,073) | 11,203) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 13.46% | 12.93% | 29.59% | 46.83% | 23.28% |
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).
1 2024 Calculation
Segment profit margin = 100 × Segment EBIT/EBT ÷ Revenues
= 100 × 1,654 ÷ 12,286 = 13.46%
- Segment EBIT/EBT
- The segment EBIT/EBT showed a significant increase from 2,608 million USD in 2020 to 4,717 million USD in 2021, nearly doubling in value. However, this was followed by a sharp decline to 2,657 million USD in 2022 and a further decrease to 1,331 million USD in 2023. In 2024, there was a modest recovery to 1,654 million USD, although this level remained considerably lower than the peak observed in 2021.
- Revenues
- Revenues decreased from 11,203 million USD in 2020 to 10,073 million USD in 2021, continuing to decline to 8,978 million USD in 2022. A reversal of this downward trend occurred in 2023, with revenues increasing to 10,290 million USD, followed by a further significant rise to 12,286 million USD in 2024, the highest figure recorded in the period under review.
- Segment Profit Margin
- The profit margin exhibited considerable volatility. It more than doubled from 23.28% in 2020 to a peak of 46.83% in 2021. Subsequently, it dropped sharply to 29.59% in 2022 and then declined further to 12.93% in 2023. In 2024, a slight improvement to 13.46% was observed, but the margin remained at a notably lower level compared to the earlier years.
- General Insights
- The data reveals a pattern of a strong performance peak in 2021 across segment EBIT/EBT and profit margin, accompanied by a revenue decrease during that year. Following 2021, both profitability and earnings metrics declined substantially through 2023, despite the recovery and eventual increase in revenues in 2023 and 2024. This divergence between improving revenue and declining profitability suggests potential rising costs, changes in operational efficiency, or external market factors impacting margins in the later years.
Segment Return on Assets (Segment ROA)
Ford Motor Co., ROA by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Ford Blue | 8.99% | 12.65% | 12.22% | 5.94% | — |
| Ford Model e | -29.73% | -34.44% | -40.36% | -34.80% | — |
| Ford Pro | 259.87% | 245.48% | 148.00% | 147.32% | — |
| Ford Next | -33.11% | -66.67% | -236.22% | -30.98% | -31.67% |
| Ford Credit | 1.05% | 0.90% | 1.93% | 3.51% | 1.65% |
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).
- Ford Blue
- Ford Blue's return on assets (ROA) exhibits a generally positive trend from 2021 to 2023, improving from 5.94% to a peak of 12.65%. However, in 2024, the ROA declines to 8.99%, indicating a reduction in asset efficiency but maintaining a solid positive return overall.
- Ford Model e
- The ROA for Ford Model e remains consistently negative throughout the period, starting at -34.8% in 2021 and showing worsening returns in 2022 at -40.36%. Although it improves in the following years, the segment still struggles with profitability, ending at -29.73% in 2024, which reflects ongoing challenges in asset utilization.
- Ford Pro
- Ford Pro demonstrates exceptional performance with extremely high ROA values. Starting at 147.32% in 2021, it slightly increases to 148% in 2022, then surges dramatically to 245.48% in 2023, and further to 259.87% in 2024. This pattern indicates a highly efficient use of assets and strong profitability growth in this segment across the years.
- Ford Next
- Ford Next's ROA is negative for all periods, beginning at -31.67% in 2020 and declining sharply to -236.22% in 2022. Although there is some recovery in the subsequent years to -66.67% in 2023 and -33.11% in 2024, the segment continues to experience significant losses and inefficiencies.
- Ford Credit
- Ford Credit shows positive but modest ROA figures ranging from 1.65% in 2020, increasing to a peak of 3.51% in 2021 before declining to 1.93% in 2022, and further decreasing to 0.9% in 2023. The value slightly recovers to 1.05% in 2024. This suggests relatively stable but low returns on assets within this segment.
Segment ROA: Ford Blue
Ford Motor Co.; Ford Blue; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBIT/EBT | 5,284) | 7,462) | 6,847) | 3,293) | —) |
| Total assets | 58,791) | 58,990) | 56,023) | 55,456) | —) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 8.99% | 12.65% | 12.22% | 5.94% | — |
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).
1 2024 Calculation
Segment ROA = 100 × Segment EBIT/EBT ÷ Total assets
= 100 × 5,284 ÷ 58,791 = 8.99%
- Segment EBIT/EBT
- The segment EBIT/EBT demonstrates a notable upward trend from 2021 through 2023, increasing from 3,293 million US dollars in 2021 to a peak of 7,462 million US dollars in 2023. This represents more than a twofold increase over the three-year period. However, in 2024, there is a decline to 5,284 million US dollars, indicating a decrease in segment profitability compared to the previous year.
- Total Assets
- Total assets show gradual growth from 55,456 million US dollars in 2021 to 58,991 million US dollars in 2023, suggesting ongoing asset base expansion. There is a slight decrease in 2024 to 58,791 million US dollars, indicating a modest contraction or stabilization in asset size after consistent growth.
- Segment ROA
- Return on assets exhibits a strong improvement from 5.94% in 2021 to 12.65% in 2023, reflecting enhanced asset utilization and profitability. This upward trend aligns with the increase in EBIT/EBT during the same period. Yet, a decline is observed in 2024, where ROA falls to 8.99%, suggesting reduced efficiency or profitability relative to the asset base compared to the prior year.
Segment ROA: Ford Model e
Ford Motor Co.; Ford Model e; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBIT/EBT | (5,076) | (4,701) | (2,133) | (892) | —) |
| Total assets | 17,074) | 13,648) | 5,285) | 2,563) | —) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | -29.73% | -34.44% | -40.36% | -34.80% | — |
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).
1 2024 Calculation
Segment ROA = 100 × Segment EBIT/EBT ÷ Total assets
= 100 × -5,076 ÷ 17,074 = -29.73%
- Segment EBIT/EBT
- The segment EBIT/EBT showed a consistent negative trend over the analyzed period. It started with a loss of 892 million US dollars in 2021 and worsened substantially to a loss of 2,133 million US dollars in 2022. The losses further deepened to -4,701 million US dollars in 2023 and slightly increased in magnitude to -5,076 million US dollars in 2024. This pattern indicates escalating operating and earnings losses within the segment.
- Total assets
- Total assets of the segment experienced significant growth throughout the period. Starting from 2,563 million US dollars in 2021, total assets more than doubled to 5,285 million US dollars in 2022. This growth accelerated in 2023, reaching 13,648 million US dollars, and further increased to 17,074 million US dollars in 2024. The rapid asset growth suggests substantial investment or capital allocation to the segment despite ongoing operational losses.
- Segment ROA
- The segment's Return on Assets (ROA) remained negative in all reported years, reflecting the losses relative to the growing asset base. ROA declined from -34.8% in 2021 to a more negative -40.36% in 2022, corresponding with the substantial increase in losses. Thereafter, ROA improved slightly to -34.44% in 2023 and further to -29.73% in 2024. Although still strongly negative, this slight improvement in ROA during the last two years may suggest initial moves toward better asset utilization or operational efficiency, despite the segment's continued unprofitability.
Segment ROA: Ford Pro
Ford Motor Co.; Ford Pro; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBIT/EBT | 9,015) | 7,222) | 3,222) | 2,665) | —) |
| Total assets | 3,469) | 2,942) | 2,177) | 1,809) | —) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 259.87% | 245.48% | 148.00% | 147.32% | — |
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).
1 2024 Calculation
Segment ROA = 100 × Segment EBIT/EBT ÷ Total assets
= 100 × 9,015 ÷ 3,469 = 259.87%
- Segment EBIT/EBT
- The segment EBIT/EBT values exhibit a consistent and substantial upward trend from 2021 through 2024. Starting at $2,665 million in 2021, the figure increases to $3,222 million in 2022, marking a moderate growth. This is followed by a significant surge to $7,222 million in 2023, and further growth to $9,015 million in 2024. This progression indicates an improving profitability in the segment over the observed years.
- Total assets
- Total assets in the segment show steady growth across the years. Beginning at $1,809 million in 2021, total assets increased to $2,177 million in 2022, then to $2,942 million in 2023, and finally reaching $3,469 million in 2024. The consistent asset base expansion reflects ongoing investments or asset acquisitions within the segment.
- Segment ROA (Return on Assets)
- The segment's ROA percentage demonstrates a strong upward trend. From 147.32% in 2021, it remains relatively flat at 148% in 2022. However, there is a significant increase to 245.48% in 2023, followed by a further rise to 259.87% in 2024. The increasing ROA suggests enhanced efficiency and profitability relative to the segment’s asset base.
Segment ROA: Ford Next
Ford Motor Co.; Ford Next; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBIT/EBT | (50) | (138) | (926) | (1,030) | (1,274) |
| Total assets | 151) | 207) | 392) | 3,325) | 4,023) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | -33.11% | -66.67% | -236.22% | -30.98% | -31.67% |
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).
1 2024 Calculation
Segment ROA = 100 × Segment EBIT/EBT ÷ Total assets
= 100 × -50 ÷ 151 = -33.11%
The analysis of the segment data over the period from December 31, 2020, to December 31, 2024, reveals significant fluctuations in financial performance and asset base.
- Segment EBIT/EBT (Earnings Before Interest and Taxes / Earnings Before Taxes)
- The segment EBIT/EBT shows a consistent improvement in losses from 2020 to 2024. Starting at a loss of US$1,274 million in 2020, the negative figure steadily reduces to a loss of US$50 million by 2024. This trend indicates a progressive reduction in operating losses, suggesting enhanced operational efficiency or cost control measures over the years, though the segment has not yet reached profitability.
- Total Assets
- Total assets display a dramatic decline over the observed periods. From US$4,023 million in 2020, total assets sharply decreased to only US$151 million by 2024. This substantial reduction could indicate divestitures, asset write-downs, or reevaluation of asset valuations within the segment. The significant contraction of asset base contrasts with the improving EBIT/EBT, highlighting a strategic shift or restructuring.
- Segment Return on Assets (ROA)
- The segment ROA reflects a similarly volatile trend, though consistently negative. The ROA worsened significantly in 2022 to -236.22%, likely due to the severe reduction in assets combined with continuing losses. By 2023 and 2024, the ROA improved notably but remained deeply negative at -66.67% and -33.11%, respectively. This indicates that despite asset base contraction and reduced operating losses, the segment continues to generate negative returns on its assets, though the rate of negative return is diminishing.
Overall, the data portrays a segment undergoing substantial transformation with reduced asset holdings and diminishing losses, yet not having achieved profitability or positive asset returns within the analyzed timeframe.
Segment ROA: Ford Credit
Ford Motor Co.; Ford Credit; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment EBIT/EBT | 1,654) | 1,331) | 2,657) | 4,717) | 2,608) |
| Total assets | 157,534) | 148,521) | 137,954) | 134,428) | 158,524) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 1.05% | 0.90% | 1.93% | 3.51% | 1.65% |
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).
1 2024 Calculation
Segment ROA = 100 × Segment EBIT/EBT ÷ Total assets
= 100 × 1,654 ÷ 157,534 = 1.05%
The data indicates notable fluctuations in the operating profitability of the segment over the five-year period.
- Segment EBIT/EBT
- The segment's EBIT/EBT experienced an initial significant increase from 2,608 million US dollars in 2020 to a peak of 4,717 million in 2021. Subsequently, there was a marked decline to 2,657 million in 2022, followed by a further decrease to 1,331 million in 2023. The latest figure in 2024 shows a modest recovery to 1,654 million. This pattern suggests volatility with an overall downward trend after 2021.
- Total Assets
- Total assets displayed a decrease from 158,524 million US dollars in 2020 to 134,428 million in 2021, indicating a reduction in asset base. After 2021, total assets gradually increased each year, reaching 157,534 million by the end of 2024. This recovery represents an almost full rebound to the 2020 level, suggesting asset growth and possible reinvestment or portfolio adjustments.
- Segment Return on Assets (ROA)
- The segment ROA closely follows the EBIT/EBT trend, increasing from 1.65% in 2020 to 3.51% in 2021, reflecting improved asset utilization and profitability. Subsequently, ROA declined to 1.93% in 2022 and continued falling to 0.9% in 2023. In 2024, a slight improvement to 1.05% was observed but still remained substantially below the 2021 peak. This indicates a reduction in efficiency or profitability relative to asset base after 2021, with only a minor recovery in the latest year.
Overall, the segment experienced a peak in profitability and efficiency in 2021 followed by substantial declines in the following years. Asset levels decreased initially in 2021 but recovered gradually afterward. Profitability metrics have not returned to earlier highs, demonstrating challenges in maintaining high earnings relative to assets in recent years.
Segment Asset Turnover
Ford Motor Co., asset turnover by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Ford Blue | 2.47 | 2.38 | 2.33 | 1.99 | — |
| Ford Model e | 0.24 | 0.48 | 1.02 | 1.24 | — |
| Ford Pro | 19.29 | 19.73 | 22.48 | 23.58 | — |
| Ford Next | 0.05 | 0.01 | 0.25 | 0.04 | 0.01 |
| Ford Credit | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 |
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).
- Ford Blue
- The asset turnover ratio for this segment shows a consistent upward trend from 2021 to 2024. Starting at 1.99 in 2021, it increased steadily to 2.33 in 2022, 2.38 in 2023, and further to 2.47 by the end of 2024, indicating improving efficiency in asset utilization for this segment over the period.
- Ford Model e
- This segment exhibits a clear declining trend in asset turnover ratio from 2021 to 2024. The ratio dropped from 1.24 in 2021 to 1.02 in 2022, followed by a sharp decrease to 0.48 in 2023 and further down to 0.24 in 2024. This consistent downturn suggests weakening efficiency in converting assets to revenue within this segment.
- Ford Pro
- The asset turnover for this segment shows a downward trajectory from 2021 through 2024. Beginning at a high 23.58 in 2021, the ratio gradually decreased to 22.48 in 2022, then more notably to 19.73 in 2023, and 19.29 in 2024. Despite the decline, the ratio remains significantly higher relative to other segments, indicating strong asset utilization albeit with some reduction over time.
- Ford Next
- This segment's asset turnover ratio remains low throughout the period but shows some fluctuations. From 0.01 in 2020, it rose to 0.04 in 2021 and increased noticeably to 0.25 in 2022. However, in 2023, it dropped back to 0.01 before slightly recovering to 0.05 in 2024, reflecting volatility and generally low asset efficiency.
- Ford Credit
- The asset turnover ratio for Ford Credit remains stable and very low throughout the five-year period. It started at 0.07 in 2020 and stayed steady at 0.07 through 2023, with a minor increase to 0.08 in 2024. This stability suggests a consistent but limited asset turnover performance in the financial services segment.
Segment Asset Turnover: Ford Blue
Ford Motor Co.; Ford Blue; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 145,377) | 140,627) | 130,782) | 110,466) | —) |
| Total assets | 58,791) | 58,990) | 56,023) | 55,456) | —) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 2.47 | 2.38 | 2.33 | 1.99 | — |
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).
1 2024 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 145,377 ÷ 58,791 = 2.47
- Revenues
- There was a consistent upward trend in revenues over the observed periods, beginning at approximately $110.5 billion in 2021 and increasing steadily each year to reach $145.4 billion in 2024. This growth indicates a notable improvement in sales or service realization within the segment, reflecting positive business momentum.
- Total assets
- Total assets exhibited slight growth between 2021 and 2023, rising from around $55.5 billion to $59.0 billion. However, in 2024, total assets saw a marginal decline to about $58.8 billion. This suggests a relative stabilization in asset base after modest expansion, which could imply tighter asset management or divestitures.
- Segment asset turnover
- The segment asset turnover ratio showed continuous improvement during the period analyzed, increasing from 1.99 in 2021 to 2.47 in 2024. This indicates enhanced efficiency in utilizing assets to generate revenues. The rising ratio, coupled with increasing revenues and stable total assets, suggests more effective asset deployment and operational optimization within the segment.
Segment Asset Turnover: Ford Model e
Ford Motor Co.; Ford Model e; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 4,109) | 6,526) | 5,374) | 3,186) | —) |
| Total assets | 17,074) | 13,648) | 5,285) | 2,563) | —) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.24 | 0.48 | 1.02 | 1.24 | — |
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).
1 2024 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 4,109 ÷ 17,074 = 0.24
The financial data reveals several insights into the trends of the Ford Model e segment over the reported periods.
- Revenues
- Revenues experienced a significant increase from 3,186 million US dollars in 2021 to 6,526 million US dollars in 2023, reflecting a strong growth trajectory during this time frame. However, in 2024, revenues declined sharply to 4,109 million US dollars, indicating a notable drop after the peak in 2023.
- Total assets
- Total assets showed a consistent and steep upward trend throughout the entire period. Starting at 2,563 million US dollars in 2021, assets more than doubled to 5,285 million US dollars in 2022 and then surged substantially to 13,648 million US dollars in 2023, followed by a further increase to 17,074 million US dollars in 2024. This increase suggests significant investment or expansion in the segment’s asset base.
- Segment asset turnover
- The segment asset turnover ratio demonstrates a declining trend over the analyzed years. Beginning at 1.24 in 2021, the ratio decreased to 1.02 in 2022 and then dropped sharply to 0.48 in 2023 and further down to 0.24 in 2024. This indicates a decreasing efficiency in using assets to generate revenues, which aligns with the rapid growth in assets paired with a decline in revenues in the last year.
In summary, while the segment’s revenues initially increased substantially, a recent decline suggests challenges in maintaining sales momentum. Concurrently, the continuous rise in total assets, paired with declining asset turnover, indicates that the segment is investing heavily in assets but facing diminishing returns in revenue generation from these assets over time.
Segment Asset Turnover: Ford Pro
Ford Motor Co.; Ford Pro; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 66,906) | 58,058) | 48,939) | 42,649) | —) |
| Total assets | 3,469) | 2,942) | 2,177) | 1,809) | —) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 19.29 | 19.73 | 22.48 | 23.58 | — |
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).
1 2024 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 66,906 ÷ 3,469 = 19.29
The analyzed segment exhibits several notable trends over the observed period from 2020 to 2024. Revenues demonstrate a consistent and significant upward trajectory, increasing from approximately $42.6 billion in 2021 to about $66.9 billion in 2024. This growth reflects strong expansion in the segment's sales or service activities.
Total assets also follow a steadily increasing trend, rising from near $1.8 billion in 2021 to roughly $3.5 billion by the end of 2024. This upward movement indicates ongoing investments or asset acquisitions to support segment operations and growth initiatives.
Conversely, the segment asset turnover ratio shows a declining pattern during the same period. The ratio decreases from 23.58 in 2021 to 19.29 in 2024. While asset turnover remains relatively high, this downward trend suggests that asset efficiency, measured by revenue generated per unit of asset, has slightly diminished over time. This may imply that asset growth is outpacing revenue growth on a proportional basis or that the company has invested in assets not yet fully leveraged to generate revenue.
- Revenues
- Strong and consistent growth, increasing by approximately 57% over four years.
- Total Assets
- Marked increase, nearly doubling over the observed timeframe, highlighting investment in asset base.
- Segment Asset Turnover
- Gradual decline, indicating a slight decrease in asset utilization efficiency despite revenue growth.
In summary, the segment shows robust revenue growth supported by expanding asset levels. However, the decreasing asset turnover ratio suggests that management should monitor asset utilization closely to ensure that investments continue to generate proportional returns.
Segment Asset Turnover: Ford Next
Ford Motor Co.; Ford Next; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 7) | 3) | 99) | 118) | 56) |
| Total assets | 151) | 207) | 392) | 3,325) | 4,023) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.05 | 0.01 | 0.25 | 0.04 | 0.01 |
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).
1 2024 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 7 ÷ 151 = 0.05
The data reveals significant fluctuations across all reported financial metrics over the five-year period.
- Revenues
- Revenues exhibited considerable instability from 2020 through 2024. Initially, revenues showed an upward spike from 56 million US dollars in 2020 to 118 million in 2021. Subsequently, a sharp decline occurred, dropping drastically to 99 million in 2022, and then to very low figures of 3 and 7 million in 2023 and 2024 respectively. This pattern suggests a business area or segment experiencing severe contraction after a brief growth period.
- Total Assets
- Total assets also trended downward significantly during this timeframe. Assets decreased from 4,023 million US dollars in 2020 to a much lower 3325 million in 2021. The decline then accelerated markedly with assets falling to 392 million in 2022, and further collapsing to 207 and 151 million by the end of 2023 and 2024, respectively. This decline could indicate divestitures, asset write-downs, or shrinking operational scale within the segment.
- Segment Asset Turnover
- The segment asset turnover ratio showed irregular fluctuations, reflecting varying efficiency in generating revenues from assets. Starting at a low 0.01 in 2020, it improved modestly to 0.04 in 2021 and then experienced a sharp rise to 0.25 in 2022. However, this improvement appears short-lived as the turnover ratio dropped back to 0.01 in 2023 before rebounding to 0.05 in 2024. Such volatility suggests inconsistent asset utilization or changing business dynamics affecting asset productivity.
Overall, the data depicts a segment undergoing substantial reductions in scale and revenue generation capability, coupled with inconsistent asset efficiency. The severe declines in both revenues and total assets from 2021 onwards warrant careful consideration, possibly indicating strategic shifts, market challenges, or restructuring impacts within the reported segment.
Segment Asset Turnover: Ford Credit
Ford Motor Co.; Ford Credit; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 12,286) | 10,290) | 8,978) | 10,073) | 11,203) |
| Total assets | 157,534) | 148,521) | 137,954) | 134,428) | 158,524) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 |
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).
1 2024 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 12,286 ÷ 157,534 = 0.08
- Revenues
- The revenues demonstrate a fluctuating trend over the five-year period. Starting from US$ 11,203 million in 2020, there is a decline observed in the following two years, reaching a low of US$ 8,978 million in 2022. Subsequently, revenues recover, increasing to US$ 10,290 million in 2023 and further rising to US$ 12,286 million in 2024, surpassing the initial 2020 level. This indicates a period of contraction followed by a significant rebound in revenue generation.
- Total assets
- Total assets exhibit a decreasing trend from US$ 158,524 million in 2020 to US$ 134,428 million in 2021. After this decline, assets increase moderately in 2022 to US$ 137,954 million and continue to grow to US$ 148,521 million in 2023 and US$ 157,534 million in 2024, nearly returning to the 2020 level. This pattern suggests a strategic asset reduction in 2021 followed by gradual asset rebuilding over the subsequent years.
- Segment asset turnover
- The segment asset turnover ratio remains relatively stable at 0.07 from 2020 through 2023, reflecting consistent asset utilization efficiency during this period. In 2024, the ratio increases slightly to 0.08, implying a modest improvement in how effectively the segment's assets generate revenues.
Segment Capital Expenditures to Depreciation
Ford Motor Co., capital expenditures to depreciation by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Ford Blue | 1.52 | 1.47 | 1.40 | 1.51 | — |
| Ford Model e | 6.91 | 5.67 | 5.37 | 3.63 | — |
| Ford Pro | 0.03 | 0.01 | 0.02 | 0.04 | — |
| Ford Next | 0.25 | 0.50 | 4.60 | 5.75 | 3.84 |
| Ford Credit | 0.04 | 0.03 | 0.03 | 0.03 | 0.01 |
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 analysis of the annual reportable segment capital expenditures to depreciation ratios over the five-year period reveals distinct trends across the various business segments.
- Ford Blue
- The ratio for this segment shows a slight fluctuation within a relatively narrow range. Starting at 1.51 in 2021, it experienced a minor decrease to 1.4 in 2022, followed by a gradual increase to 1.52 by 2024. This suggests a stable pattern of capital investments relative to depreciation in this mature segment, with modest adjustments in expenditure levels over time.
- Ford Model e
- Significant growth is evident in this segment’s ratio, highlighting an increasing emphasis on capital expenditures relative to depreciation. Beginning at 3.63 in 2021, the ratio consistently rose each year, reaching 6.91 by 2024. This trend indicates substantial investment in assets relative to their depreciation, likely reflecting a strategic focus on expansion or development in this innovative or emerging area.
- Ford Pro
- This segment exhibits very low ratios throughout the observed period, ranging from 0.04 in 2021 and further declining to a low of 0.01 in 2023 before slightly increasing to 0.03 in 2024. The consistently minimal ratios suggest limited capital expenditures compared to depreciation, possibly implying a mature or maintenance-focused segment with constrained new investment.
- Ford Next
- The ratio for this segment reveals a declining trend. It started relatively high at 3.84 in 2020 and peaked at 5.75 in 2021, but subsequently fell sharply to 0.25 by 2024. This pattern indicates an initial phase of heavy capital expenditure relative to depreciation, followed by a substantial reduction in investment activity, potentially signaling completion of major projects or a strategic shift away from asset accumulation.
- Ford Credit
- Ratios in this segment remain extremely low but display a gradual upward trend, moving from 0.01 in 2020 to 0.04 in 2024. Although the absolute values are minimal, the gradual increase may reflect incremental capital investments relative to depreciation, consistent with the nature of financial services that typically require lower capital intensity.
Overall, the capital expenditure to depreciation ratios suggest variable investment strategies across segments, with Ford Model e showing aggressive capital growth, Ford Next transitioning from high to low capital expenditure, and more stable or minimal investment patterns observed in Ford Blue, Ford Pro, and Ford Credit.
Segment Capital Expenditures to Depreciation: Ford Blue
Ford Motor Co.; Ford Blue; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash outflow for capital spending | 4,490) | 4,963) | 4,702) | 5,214) | —) |
| Depreciation and tooling amortization | 2,952) | 3,378) | 3,365) | 3,445) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.52 | 1.47 | 1.40 | 1.51 | — |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Cash outflow for capital spending ÷ Depreciation and tooling amortization
= 4,490 ÷ 2,952 = 1.52
The financial data for the "Ford Blue" segment reveals several noteworthy trends over the period from December 31, 2020, to December 31, 2024.
- Cash outflow for capital spending
- The cash outflow for capital spending displays a fluctuating pattern. Starting at $5,214 million in 2021, it decreased to $4,702 million in 2022. There was a slight recovery to $4,963 million in 2023, followed by a decrease again to $4,490 million by the end of 2024. Overall, the capital spending cash outflow saw a downward trend after 2021.
- Depreciation and tooling amortization
- This expense category remained relatively stable from 2021 through 2023, with values around $3,445 million in 2021, $3,365 million in 2022, and $3,378 million in 2023. However, there was a notable decline in 2024 to $2,952 million, indicating reduced depreciation and amortization charges in the most recent year.
- Segment capital expenditures to depreciation ratio
- The ratio of capital expenditures to depreciation shows moderate variability but remains close to the 1.5 mark throughout the analyzed period. It decreased slightly from 1.51 in 2021 to 1.40 in 2022, then increased to 1.47 in 2023 and further to 1.52 in 2024. This suggests that capital expenditures have generally been maintained at a level roughly one and a half times the depreciation expense, indicating a sustained level of investment relative to asset aging and consumption.
In summary, capital spending cash outflows experienced a general decline after peaking in 2021, while depreciation and amortization costs were stable before dropping notably in 2024. The capital expenditures to depreciation ratio remained fairly consistent, reflecting a stable approach to balancing investment in capital assets with the use and aging of existing assets.
Segment Capital Expenditures to Depreciation: Ford Model e
Ford Motor Co.; Ford Model e; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash outflow for capital spending | 3,843) | 2,861) | 1,336) | 516) | —) |
| Depreciation and tooling amortization | 556) | 505) | 249) | 142) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 6.91 | 5.67 | 5.37 | 3.63 | — |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Cash outflow for capital spending ÷ Depreciation and tooling amortization
= 3,843 ÷ 556 = 6.91
- Cash outflow for capital spending
- The cash outflow for capital spending shows a substantial upward trend over the reported periods. Beginning with a value of 516 million US dollars in 2021, the outflow increased significantly each year, reaching 1,336 million US dollars in 2022, then more than doubling to 2,861 million in 2023, and further rising to 3,843 million by the end of 2024. This trend indicates a strong and growing investment focus within the segment on capital assets over the observed period.
- Depreciation and tooling amortization
- Depreciation and tooling amortization expenses also exhibit a rising pattern, starting at 142 million in 2021 and increasing steadily each year to 249 million in 2022, 505 million in 2023, and 556 million in 2024. The steady growth in these expenses reflects expanding asset bases and increased amortization of tooling, consistent with the rising capital spending observed.
- Segment capital expenditures to depreciation ratio
- The ratio of capital expenditures to depreciation reveals an increasing trend, beginning at 3.63 in 2021 and rising consistently through the years to 5.37 in 2022, then to 5.67 in 2023, and finally reaching 6.91 by 2024. This increasing ratio indicates that capital expenditures are growing at a faster pace than depreciation, suggesting that new investments are significantly outpacing the write-down or depreciation of existing assets. This could imply expansion or modernization efforts within the segment.
Segment Capital Expenditures to Depreciation: Ford Pro
Ford Motor Co.; Ford Pro; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash outflow for capital spending | 37) | 7) | 26) | 59) | —) |
| Depreciation and tooling amortization | 1,394) | 1,291) | 1,522) | 1,423) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.03 | 0.01 | 0.02 | 0.04 | — |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Cash outflow for capital spending ÷ Depreciation and tooling amortization
= 37 ÷ 1,394 = 0.03
- Cash Outflow for Capital Spending
- The cash outflow for capital spending exhibited considerable fluctuation over the analyzed period. Starting with no data for 2020, the cash outflow increased significantly to 59 million US dollars in 2021. Subsequently, it declined sharply to 26 million US dollars in 2022 and reached a low point of 7 million US dollars in 2023. In 2024, the trend reversed as the cash outflow rose again to 37 million US dollars. This pattern suggests variability in investment levels or project expenditures, with a notable reduction after 2021 followed by a partial recovery.
- Depreciation and Tooling Amortization
- Depreciation and tooling amortization costs demonstrated a generally stable yet slightly fluctuating trend. The value increased from 1423 million US dollars in 2021 to a peak of 1522 million in 2022. This was followed by a decrease to 1291 million in 2023, with a subsequent increase to 1394 million in 2024. This somewhat volatile pattern indicates changes in the asset base or adjustments in amortization schedules over the years.
- Segment Capital Expenditures to Depreciation Ratio
- The ratio of segment capital expenditures to depreciation showed a declining trend initially but recovered slightly in the final year. Starting at 0.04 in 2021, the ratio decreased steadily to 0.02 in 2022 and further to 0.01 in 2023. In 2024, the ratio increased again to 0.03. This trend aligns with the fluctuations in capital spending, indicating reduced reinvestment relative to asset depreciation during the middle years, with some reinvestment activity resuming by 2024.
Segment Capital Expenditures to Depreciation: Ford Next
Ford Motor Co.; Ford Next; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash outflow for capital spending | 3) | 6) | 23) | 46) | 142) |
| Depreciation and tooling amortization | 12) | 12) | 5) | 8) | 37) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.25 | 0.50 | 4.60 | 5.75 | 3.84 |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Cash outflow for capital spending ÷ Depreciation and tooling amortization
= 3 ÷ 12 = 0.25
The financial data for the "Ford Next" reportable segment reveals notable trends over the five-year period from 2020 to 2024. The cash outflow for capital spending shows a pronounced and continuous decline, decreasing sharply from $142 million in 2020 to a minimal $3 million by 2024. This significant reduction indicates a substantial scaling back of capital investments over time.
Depreciation and tooling amortization expenses displayed a fluctuating pattern. Starting at $37 million in 2020, this expense dropped substantially to $8 million in 2021 and further to $5 million in 2022, before rising again to $12 million in both 2023 and 2024. This suggests intermittent changes in asset usage or amortization schedules, possibly influenced by the reduced capital expenditure and asset base.
The ratio of segment capital expenditures to depreciation also experienced dramatic shifts. Initially, this ratio was 3.84 in 2020, increasing to a peak of 5.75 in 2021, indicating that capital expenditures significantly exceeded depreciation and amortization during this period. However, from 2022 onward, the ratio sharply declined, reaching 0.25 by 2024. This downward trend reflects the considerable decrease in capital spending relative to the depreciation base, highlighting a possible strategic pivot towards conserving capital or a conclusion of major investment cycles.
- Capital Spending:
- Sharp decline from $142 million in 2020 to $3 million in 2024, reflecting drastic reductions in investment activity.
- Depreciation and Tooling Amortization:
- Initial steep decrease followed by a partial recovery, indicating variable asset usage and amortization timing.
- Capital Expenditures to Depreciation Ratio:
- Increase during 2020-2021, then pronounced decline to 0.25 by 2024, showing a shift from aggressive capital investment to minimal spending relative to asset write-downs.
Overall, these trends suggest a strategic reduction in capital investments within the segment, alongside changes in asset depreciation that together may indicate a transition phase or completion of significant asset acquisitions. The data emphasizes a move toward conserving financial resources and possibly optimizing existing asset utilization.
Segment Capital Expenditures to Depreciation: Ford Credit
Ford Motor Co.; Ford Credit; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Cash outflow for capital spending | 94) | 80) | 58) | 44) | 40) |
| Depreciation and tooling amortization | 2,529) | 2,354) | 2,281) | 1,666) | 3,269) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.04 | 0.03 | 0.03 | 0.03 | 0.01 |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Cash outflow for capital spending ÷ Depreciation and tooling amortization
= 94 ÷ 2,529 = 0.04
The analysis of the segment data reveals several notable trends over the five-year period.
- Cash Outflow for Capital Spending
-
There is a clear upward trend in cash outflow for capital spending, increasing steadily from US$40 million in 2020 to US$94 million in 2024. This represents more than a twofold increase over the period, indicating a growing investment in capital assets within the segment.
- Depreciation and Tooling Amortization
-
Depreciation and tooling amortization values display variability but generally a downward adjustment from 2020 to 2021, falling from US$3,269 million to US$1,666 million, after which the values increase again to US$2,529 million in 2024. This fluctuation may reflect changes in asset base, amortization schedules, or asset disposals during the period.
- Segment Capital Expenditures to Depreciation Ratio
-
The ratio of capital expenditures to depreciation remains relatively low yet shows a gradual increase from 0.01 in 2020 to 0.04 in 2024. This suggests that, while capital spending is rising, it still represents a small proportion relative to the depreciation and amortization expenses, potentially indicating cautious or steady investment relative to asset consumption.
Overall, the segment demonstrates increasing capital spending alongside fluctuating depreciation figures, with capital expenditures growing as a proportion of depreciation over the analyzed timeframe. These patterns may suggest strategic investments aimed at renewing or expanding the asset base, albeit at a modest scale compared to asset usage costs.
Revenues
Ford Motor Co., revenues by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Ford Blue | 145,377) | 140,627) | 130,782) | 110,466) | —) |
| Ford Model e | 4,109) | 6,526) | 5,374) | 3,186) | —) |
| Ford Pro | 66,906) | 58,058) | 48,939) | 42,649) | —) |
| Automotive | —) | —) | —) | —) | 115,885) |
| Ford Next | 7) | 3) | 99) | 118) | 56) |
| Ford Credit | 12,286) | 10,290) | 8,978) | 10,073) | 11,203) |
| Unallocated Amounts and Eliminations | (43,693) | (39,313) | (36,115) | (30,151) | —) |
| Total | 184,992) | 176,191) | 158,057) | 136,341) | 127,144) |
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 data reflects the annual revenues from various reportable segments over the five-year period ending December 31, 2024. The following observations can be made based on the available figures:
- Ford Blue
- The revenue from this segment shows consistent and significant growth from 2021 through 2024. Starting at approximately 110.5 billion USD in 2021, it increases steadily each year to reach about 145.4 billion USD by 2024. This upward trend indicates robust demand or expanded sales within this segment.
- Ford Model e
- This segment demonstrates a strong growth trajectory in the initial years, increasing from roughly 3.2 billion USD in 2021 to 6.5 billion USD in 2023. However, in 2024 there is a notable decline to approximately 4.1 billion USD, suggesting potential challenges or a temporary reduction in performance within this emerging electric vehicle segment.
- Ford Pro
- The Ford Pro segment experiences consistent growth from 42.6 billion USD in 2021 to 66.9 billion USD in 2024. This represents a significant increase over four years, indicating expanding operations or market penetration in this business line.
- Automotive
- Revenue data is only available for 2020, at around 115.9 billion USD, with no figures reported for subsequent years. This limits the ability to assess trends over the period for this aggregate category.
- Ford Next
- Revenues in this segment are relatively small and fluctuate over the period. Starting at 56 million USD in 2020, revenues increase to 118 million USD in 2021 but then sharply decline, reaching just 3 million USD in 2023 before a slight recovery to 7 million USD in 2024. These changes may reflect developmental investment phases or shifting priorities in this segment.
- Ford Credit
- The credit financing arm shows a downward trend from 11.2 billion USD in 2020 to 9.0 billion USD in 2022, followed by a recovery to 12.3 billion USD in 2024. This reflects some volatility but an overall return to growth by the end of the period.
- Unallocated Amounts and Eliminations
- These figures represent negative adjustments and consistently increase in absolute value from -30.2 billion USD in 2021 to -43.7 billion USD in 2024. This increasing negative figure could represent intensified consolidation entries, eliminations of inter-segment transactions, or other accounting adjustments impacting consolidated revenue.
- Total Revenue
- Total reported revenues grow steadily each year from 127.1 billion USD in 2020 to 185.0 billion USD in 2024. This represents a compound increase over the period, confirming overall expansion across the company's segments despite some fluctuations in individual segments.
In summary, the overall revenue trend is positive, with notable contributions from the Ford Blue and Ford Pro segments driving growth. The emerging Ford Model e segment initially expands rapidly but shows signs of decline in the latest period. The financial services segment displayed recovery after a period of decline, and adjustments under unallocated amounts continue to increase in magnitude, warranting further attention for their impact on consolidated figures.
Segment EBIT/EBT
Ford Motor Co., segment ebit/ebt by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Ford Blue | 5,284) | 7,462) | 6,847) | 3,293) | —) |
| Ford Model e | (5,076) | (4,701) | (2,133) | (892) | —) |
| Ford Pro | 9,015) | 7,222) | 3,222) | 2,665) | —) |
| Automotive | —) | —) | —) | —) | 1,633) |
| Ford Next | (50) | (138) | (926) | (1,030) | (1,274) |
| Ford Credit | 1,654) | 1,331) | 2,657) | 4,717) | 2,608) |
| Total | 10,827) | 11,176) | 9,667) | 8,753) | 2,967) |
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).
- Ford Blue
- The EBIT/EBT figures for Ford Blue show a significant upward trend from 2021 to 2023, starting at 3,293 million US dollars in 2021, rising to 6,847 million in 2022, and peaking at 7,462 million in 2023. However, in 2024, there is a noticeable decline to 5,284 million, indicating a downturn after several years of strong growth.
- Ford Model e
- This segment has consistently reported negative EBIT/EBT values across the observed years, with losses deepening from -892 million in 2021 to -2,133 million in 2022, further worsening to -4,701 million in 2023, and reaching a peak loss of -5,076 million in 2024. The increasing losses highlight ongoing challenges and heavy investments or costs in this segment.
- Ford Pro
- The Ford Pro segment shows a strong and steady growth trajectory, with EBIT/EBT increasing from 2,665 million in 2021 to 3,222 million in 2022, followed by a substantial jump to 7,222 million in 2023 and further improvement to 9,015 million in 2024. This suggests significant expansion and improved profitability in this area.
- Automotive
- Data is only available for 2020, with an EBIT/EBT of 1,633 million. No values are reported for the subsequent years, limiting the ability to analyze any trend or shift post-2020 in this category.
- Ford Next
- Ford Next shows a consistent improvement in reducing its losses over the years, beginning with a negative EBIT/EBT of -1,274 million in 2020, improving annually to -1,030 million in 2021, -926 million in 2022, then further narrowing to -138 million in 2023 and -50 million in 2024. The trend indicates a positive trajectory toward breaking even or profitability.
- Ford Credit
- Ford Credit demonstrates volatility in EBIT/EBT values over the reported periods. Starting at 2,608 million in 2020, the figure rises sharply to a peak of 4,717 million in 2021, then drops significantly to 2,657 million in 2022, followed by a further reduction to 1,331 million in 2023, before slightly rising again to 1,654 million in 2024. The fluctuations suggest changing financial conditions or market dynamics affecting this segment.
- Total EBIT/EBT
- The aggregate total EBIT/EBT shows an overall upward trend from 2,967 million in 2020 to a peak of 11,176 million in 2023, before decreasing slightly to 10,827 million in 2024. This reflects growth driven primarily by the strong performance in Ford Pro and Ford Blue segments, partially offset by substantial losses in Ford Model e and fluctuations in Ford Credit.
Depreciation and tooling amortization
Ford Motor Co., depreciation and tooling amortization by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Ford Blue | 2,952) | 3,378) | 3,365) | 3,445) | —) |
| Ford Model e | 556) | 505) | 249) | 142) | —) |
| Ford Pro | 1,394) | 1,291) | 1,522) | 1,423) | —) |
| Automotive | —) | —) | —) | —) | 5,232) |
| Ford Next | 12) | 12) | 5) | 8) | 37) |
| Ford Credit | 2,529) | 2,354) | 2,281) | 1,666) | 3,269) |
| Unallocated Amounts and Eliminations | 124) | 150) | 252) | 634) | 236) |
| Total | 7,567) | 7,690) | 7,674) | 7,318) | 8,774) |
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 data reveals varying trends in depreciation and tooling amortization across multiple segments over the observed periods. Overall, the total reported amounts exhibit a gradual decline from 8,774 million US dollars as of December 31, 2020, to 7,567 million US dollars as of December 31, 2024, indicating a general reduction in depreciation or amortization expenses at the aggregate level.
- Ford Blue
- Values for this segment commence in 2021 with 3,445 million US dollars, remaining relatively stable in 2022 and 2023 around 3,365 to 3,378 million US dollars. However, a notable decrease occurs in 2024, where the figure declines to 2,952 million US dollars. This suggests a reduction in depreciation or amortization expenses for this group, potentially reflecting asset disposals, completion of amortization schedules, or changes in asset base.
- Ford Model e
- This segment demonstrates a clear upward trajectory, beginning at 142 million US dollars in 2021 and increasing to 556 million US dollars by 2024. This consistent rise points to expanding investment or capitalization in electric vehicle-related assets, resulting in growing depreciation or tooling amortization over time.
- Ford Pro
- Depreciation and amortization expenses show moderate fluctuations, escalating from 1,423 million US dollars in 2021 to 1,522 million US dollars in 2022, followed by a decline to 1,291 million US dollars in 2023, then a slight recovery to 1,394 million US dollars in 2024. Such variations may reflect asset additions, disposals, or adjustments within the commercial vehicle segment.
- Automotive
- Data is available only for December 31, 2020, reporting 5,232 million US dollars, with no subsequent values. The absence of later data prevents trend analysis but indicates a historical basis for comparison against emerging segment reporting.
- Ford Next
- This segment maintains low values throughout the periods, ranging from 37 million US dollars in 2020 to a narrow band between 5 and 12 million US dollars from 2021 to 2024. The stability at a low level suggests limited asset base or capital expenditure subject to depreciation or amortization.
- Ford Credit
- Starting at 3,269 million US dollars in 2020, depreciation and tooling amortization expenses decline noticeably to 1,666 million US dollars in 2021. Following 2021, there is a steady increase through 2024, reaching 2,529 million US dollars. This pattern could reflect changes in lease assets or credit-related equipment and evolving portfolio sizes over time.
- Unallocated Amounts and Eliminations
- The amounts fluctuate significantly, with a peak of 634 million US dollars in 2021, followed by a decline through to 124 million US dollars in 2024. These fluctuations might be attributable to accounting adjustments or internal eliminations affecting consolidated reporting.
In summary, the data signifies a shift in asset depreciation and tooling amortization dynamics, with emerging segments like Ford Model e showing growing expense trends, while traditional divisions such as Ford Blue exhibit decreasing trends. Variations in the Ford Pro and Ford Credit segments highlight operational adjustments or changes in asset management strategies. The decline in total expenses over the timeframe suggests overall optimization or restructuring of depreciable assets.
Cash outflow for capital spending
Ford Motor Co., cash outflow for capital spending by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Ford Blue | 4,490) | 4,963) | 4,702) | 5,214) | —) |
| Ford Model e | 3,843) | 2,861) | 1,336) | 516) | —) |
| Ford Pro | 37) | 7) | 26) | 59) | —) |
| Automotive | —) | —) | —) | —) | 5,560) |
| Ford Next | 3) | 6) | 23) | 46) | 142) |
| Ford Credit | 94) | 80) | 58) | 44) | 40) |
| Unallocated Amounts and Eliminations | 217) | 319) | 721) | 348) | —) |
| Total | 8,684) | 8,236) | 6,866) | 6,227) | 5,742) |
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 capital spending across the reportable segments exhibits notable shifts over the observed periods, reflecting evolving strategic priorities and investment focus.
- Ford Blue
- This segment shows a fluctuating but generally downward trend in capital outflow from $5,214 million in 2021 to $4,490 million in 2024. Following a peak of $5,214 million in 2021, spending decreased to $4,702 million in 2022, saw a slight recovery to $4,963 million in 2023, and then declined again to $4,490 million in 2024.
- Ford Model e
- Capital expenditure in this segment has significantly increased over the period. Starting at $516 million in 2021, it rose sharply to $1,336 million in 2022, nearly doubled again to $2,861 million in 2023, and then climbed further to $3,843 million in 2024. This reflects a strong and sustained growth strategy likely focused on electric and next-generation vehicles.
- Ford Pro
- Spending in the Ford Pro segment has been relatively low and declined overall. From $59 million in 2021, capital outflow reduced to $26 million in 2022, reached a low of $7 million in 2023, and modestly increased to $37 million in 2024. The data suggests minimal but slightly recovering investment in this segment.
- Automotive
- Capital spending was reported only for 2020 at $5,560 million with no further data available in subsequent years. This could indicate a reclassification or shift in reporting segments starting from 2021.
- Ford Next
- This segment shows a steady decrease in capital expenditure, starting at $142 million in 2020 and diminishing to $3 million by 2024. The consistent decline suggests a scaling back of investments in this area over time.
- Ford Credit
- Capital outflows in this segment have gradually increased from $40 million in 2020 to $94 million in 2024. This steady rise points to growing investment or operational needs within Ford Credit.
- Unallocated Amounts and Eliminations
- Spending classified under unallocated amounts and eliminations fluctuates considerably, with $348 million in 2021, rising to $721 million in 2022, and subsequently declining to $217 million by 2024. This variability may reflect internal reallocations or adjustments within the consolidated reporting framework.
- Total Capital Spending
- The aggregate capital spending demonstrates a clear upward trajectory, starting from $5,742 million in 2020 and increasing steadily each year to reach $8,684 million in 2024. This overall growth indicates an expanding investment footprint, primarily driven by increased outflows in Ford Model e and maintaining substantial levels in Ford Blue.
In summary, the patterns suggest a strategic shift in capital spending towards electrification and new mobility solutions, as evidenced by the accelerating investments in Ford Model e, alongside sustained albeit decreasing capital commitments to traditional segments such as Ford Blue. Other segments like Ford Pro and Ford Next show reduced or limited spending, while Ford Credit's gradual increase indicates steady growth in financial services investment. The total capital spending’s consistent rise reflects a broad increase in investment activities over the analysis period.
Total assets
Ford Motor Co., total assets by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Ford Blue | 58,791) | 58,990) | 56,023) | 55,456) | —) |
| Ford Model e | 17,074) | 13,648) | 5,285) | 2,563) | —) |
| Ford Pro | 3,469) | 2,942) | 2,177) | 1,809) | —) |
| Automotive | —) | —) | —) | —) | 109,963) |
| Ford Next | 151) | 207) | 392) | 3,325) | 4,023) |
| Ford Credit | 157,534) | 148,521) | 137,954) | 134,428) | 158,524) |
| Unallocated Amounts and Eliminations | 48,177) | 49,002) | 54,053) | 59,454) | (5,249) |
| Total | 285,196) | 273,310) | 255,884) | 257,035) | 267,261) |
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 analysis of the annual reportable segment total assets reveals several noteworthy trends and shifts across various business segments over the five-year period from 2020 to 2024.
- Ford Blue
- The Ford Blue segment shows a steady increase in total assets from 55,456 million US dollars in 2021 to a peak of 58,990 million US dollars in 2023, followed by a slight decline to 58,791 million US dollars in 2024. This indicates relatively stable asset levels with marginal fluctuation towards the end of the period.
- Ford Model e
- Ford Model e exhibits significant growth in total assets over the period, starting at 2,563 million US dollars in 2021 and rising continuously to 17,074 million US dollars by 2024. The sharpest increase occurs between 2022 and 2023, reflecting strong investment or asset accumulation in this segment, likely linked to electric vehicle developments.
- Ford Pro
- Ford Pro's total assets also demonstrate consistent growth, increasing from 1,809 million US dollars in 2021 to 3,469 million US dollars in 2024. The upward trajectory highlights expanding resources or capital allocation to this segment during the analyzed time frame.
- Automotive
- The Automotive segment only reports total assets as of December 31, 2020, at 109,963 million US dollars, with no subsequent data available for later years. This makes it difficult to assess trends or changes for this segment over time.
- Ford Next
- Ford Next shows a marked decline in total assets from 4,023 million US dollars in 2020 to 151 million US dollars in 2024, indicating a progressive reduction in assets. This consistent downsizing suggests a possible divestment or restructuring effort within this segment.
- Ford Credit
- Ford Credit's total assets decrease from 158,524 million US dollars in 2020 to a low of 134,428 million US dollars in 2021. Subsequently, there is a gradual recovery, with assets increasing annually to reach 157,534 million US dollars by 2024. This pattern may reflect adjustments in credit portfolio size or market conditions affecting financing activities.
- Unallocated Amounts and Eliminations
- This category exhibits significant volatility, starting from a negative 5,249 million US dollars in 2020 and dramatically increasing to positive values exceeding 49,000 million US dollars from 2021 through 2024. Such fluctuations likely represent complex internal accounting adjustments, eliminations, or allocations that impact consolidated total assets.
- Total
- The total assets across all segments decline slightly from 267,261 million US dollars in 2020 to 255,884 million US dollars in 2022, before experiencing an upward trend reaching 285,196 million US dollars in 2024. This overall increase in total assets in recent years suggests growth or asset accumulation at the consolidated level despite variances among individual segments.