Ford Motor (F) FY2012 results: revenue $133.6 billion, down 1.5% on the year
Ford Motor Co. (F) reported revenue of $133.6 billion for fiscal 2012, the year ended 31 December 2012, down 1.5% on the year before. Net income was $5.6 billion, down 72.2%, and diluted earnings per share $1.41. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2013.
Revenue
$133.6 billion
-1.5% on the year
FY2007FY2012
Operating margin
4.2%
5.6% a year earlier
FY2007FY2012
Net income
$5.6 billion
-72.2% on the year
FY2007FY2012
Diluted EPS
$1.41
-71.5% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
133,559
135,605
128,954
-1.5%
Cost of revenue
113,039
113,611
104,451
-0.5%
Gross profit
20,520
21,994
24,503
-6.7%
Gross margin
15.4%
16.2%
19.0%
Research and development
5,500
5,300
5,000
+3.8%
Selling, general and administrative
11,529
10,884
11,909
+5.9%
Operating income
5,598
7,532
8,465
-25.7%
Operating margin
4.2%
5.6%
6.6%
Interest expense
3,828
4,431
6,152
-13.6%
Pre-tax income
7,638
8,681
7,149
-12.0%
Income tax
2,026
-11,541
592
Effective tax rate
26.5%
-132.9%
8.3%
Net income
5,613
20,213
6,561
-72.2%
Net margin
4.2%
14.9%
5.1%
Diluted EPS
$1.41
$4.94
$1.66
-71.5%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
9,045
9,784
11,477
-7.6%
Capital expenditure
5,488
4,293
4,092
+27.8%
Free cash flow
3,557
5,491
7,385
-35.2%
Free cash flow margin
2.7%
4.0%
5.7%
Cash from investing
n/a
n/a
6,908
Cash from financing
n/a
n/a
-24,421
Depreciation and amortisation
5,486
4,717
5,900
+16.3%
Share-based compensation
140
171
34.0
-18.1%
Buybacks
125
0.0
0.0
Dividends paid
763
0.0
0.0
Dividend per share
$0.15
$0.05
$0.00
+200.0%
Diluted shares, weighted
4,015m
4,111m
4,178m
-2.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
15,882
14,778
-673
+7.5%
Non-controlling interest
42.0
43.0
31.0
-2.3%
Redeemable equity
322
0.0
n/a
Other liabilities
173,160
162,565
165,329
+6.5%
Total liabilities and equity
189,406
177,386
164,687
+6.8%
Fixed assets
24,942
22,371
23,179
+11.5%
Intangible assets
87.0
100
102
-13.0%
Cash and equivalents
15,659
17,148
14,805
-8.7%
Inventory
7,362
5,901
5,917
+24.8%
Other assets
141,521
131,866
120,684
+7.3%
Total assets
189,571
177,386
164,687
+6.9%
10-K for the year ended 31 December 2012, filed 19 February 2013: the filing.