Ford Motor (F) FY2011 results: revenue $135.6 billion, up 5.2% on the year
Ford Motor Co. (F) reported revenue of $135.6 billion for fiscal 2011, the year ended 31 December 2011, up 5.2% on the year before. Net income was $20.2 billion, up 208.1%, and diluted earnings per share $4.94. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2012.
Revenue
$135.6 billion
+5.2% on the year
FY2007FY2011
Operating margin
5.6%
6.6% a year earlier
FY2007FY2011
Net income
$20.2 billion
+208.1% on the year
FY2007FY2011
Diluted EPS
$4.94
+197.6% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
135,605
128,954
116,283
+5.2%
Cost of revenue
113,611
104,451
98,866
+8.8%
Gross profit
21,994
24,503
17,417
-10.2%
Gross margin
16.2%
19.0%
15.0%
Research and development
5,300
5,000
4,700
+6.0%
Selling, general and administrative
10,884
11,909
13,029
-8.6%
Operating income
7,532
8,465
-3,432
-11.0%
Operating margin
5.6%
6.6%
-3.0%
Interest expense
4,431
6,152
6,790
-28.0%
Pre-tax income
8,681
7,149
2,599
+21.4%
Income tax
-11,541
592
-113
Effective tax rate
-132.9%
8.3%
-4.3%
Net income
20,213
6,561
2,717
+208.1%
Net margin
14.9%
5.1%
2.3%
Diluted EPS
$4.94
$1.66
$0.86
+197.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
9,784
11,477
n/a
-14.8%
Capital expenditure
4,293
4,092
4,059
+4.9%
Free cash flow
5,491
7,385
n/a
-25.6%
Free cash flow margin
4.0%
5.7%
n/a
Cash from investing
n/a
6,908
6,619
Cash from financing
n/a
-24,421
-22,830
Depreciation and amortisation
4,717
5,900
7,667
-20.1%
Share-based compensation
171
34.0
29.0
+402.9%
Buybacks
0.0
0.0
n/a
Dividends paid
0.0
0.0
n/a
Dividend per share
$0.05
$0.00
$0.00
Diluted shares, weighted
4,111m
4,178m
3,474m
-1.6%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
14,778
-673
-7,820
Non-controlling interest
43.0
31.0
38.0
+38.7%
Redeemable equity
0.0
n/a
n/a
Other liabilities
162,565
165,329
199,822
-1.7%
Total liabilities and equity
177,386
164,687
192,040
+7.7%
Fixed assets
22,371
23,179
22,637
-3.5%
Intangible assets
100
102
165
-2.0%
Cash and equivalents
17,148
14,805
20,894
+15.8%
Inventory
5,901
5,917
5,041
-0.3%
Other assets
131,866
120,684
143,303
+9.3%
Total assets
177,386
164,687
192,040
+7.7%
10-K for the year ended 31 December 2011, filed 21 February 2012: the filing.