Ford Motor (F) FY2014 results: revenue $144.1 billion, down 1.9% on the year
Ford Motor Co. (F) reported revenue of $144.1 billion for fiscal 2014, the year ended 31 December 2014, down 1.9% on the year before. Net income was $1.2 billion, down 89.7%, and diluted earnings per share $0.31. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2015.
Revenue
$144.1 billion
-1.9% on the year
FY2007FY2014
Operating margin
0.2%
8.7% a year earlier
FY2007FY2014
Net income
$1.2 billion
-89.7% on the year
FY2007FY2014
Diluted EPS
$0.31
-89.5% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
144,077
146,917
133,559
-1.9%
Cost of revenue
125,025
120,190
113,039
+4.0%
Gross profit
19,052
26,727
20,520
-28.7%
Gross margin
13.2%
18.2%
15.4%
Research and development
6,700
6,200
5,500
+8.1%
Selling, general and administrative
11,842
10,850
11,529
+9.1%
Operating income
332
12,809
5,598
-97.4%
Operating margin
0.2%
8.7%
4.2%
Interest expense
797
3,689
3,828
-78.4%
Pre-tax income
1,234
14,371
7,638
-91.4%
Income tax
4.0
2,425
2,026
-99.8%
Effective tax rate
0.3%
16.9%
26.5%
Net income
1,231
11,953
5,613
-89.7%
Net margin
0.9%
8.1%
4.2%
Diluted EPS
$0.31
$2.94
$1.41
-89.5%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
14,507
10,444
9,045
+38.9%
Capital expenditure
7,463
6,597
5,488
+13.1%
Free cash flow
7,044
3,847
3,557
+83.1%
Free cash flow margin
4.9%
2.6%
2.7%
Depreciation and amortisation
7,385
6,504
5,486
+13.5%
Share-based compensation
180
159
140
+13.2%
Buybacks
1,964
213
125
+822.1%
Dividends paid
1,952
1,574
763
+24.0%
Dividend per share
$0.50
$0.40
$0.15
+25.0%
Diluted shares, weighted
3,958m
4,087m
4,015m
-3.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
24,438
26,140
15,882
-6.5%
Non-controlling interest
27.0
33.0
42.0
-18.2%
Redeemable equity
342
331
322
+3.3%
Other liabilities
183,720
175,522
173,160
+4.7%
Total liabilities and equity
208,527
202,026
189,406
+3.2%
Fixed assets
30,126
27,616
24,942
+9.1%
Intangible assets
133
85.0
87.0
+56.5%
Cash and equivalents
10,757
14,468
15,659
-25.6%
Inventory
7,866
7,708
7,362
+2.0%
Other assets
159,645
152,149
141,521
+4.9%
Total assets
208,527
202,026
189,571
+3.2%
10-K for the year ended 31 December 2014, filed 13 February 2015: the filing.