Ford Motor (F) FY2015 results: revenue $149.6 billion, up 3.8% on the year
Ford Motor Co. (F) reported revenue of $149.6 billion for fiscal 2015, the year ended 31 December 2015, up 3.8% on the year before. Net income was $7.4 billion, up 498.9%, and diluted earnings per share $1.84. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2016.
Revenue
$149.6 billion
+3.8% on the year
FY2008FY2015
Operating margin
4.7%
0.2% a year earlier
FY2008FY2015
Net income
$7.4 billion
+498.9% on the year
FY2008FY2015
Diluted EPS
$1.84
+493.5% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
149,558
144,077
146,917
+3.8%
Cost of revenue
124,446
125,025
120,190
-0.5%
Gross profit
25,112
19,052
26,727
+31.8%
Gross margin
16.8%
13.2%
18.2%
Research and development
6,700
6,700
6,200
0.0%
Selling, general and administrative
10,763
11,842
10,850
-9.1%
Operating income
6,981
332
12,809
+2,002.7%
Operating margin
4.7%
0.2%
8.7%
Interest expense
773
797
3,689
-3.0%
Pre-tax income
10,252
1,234
14,371
+730.8%
Income tax
2,881
4.0
2,425
+71,925.0%
Effective tax rate
28.1%
0.3%
16.9%
Net income
7,373
1,231
11,953
+498.9%
Net margin
4.9%
0.9%
8.1%
Diluted EPS
$1.84
$0.31
$2.94
+493.5%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
16,226
14,507
10,444
+11.8%
Capital expenditure
7,196
7,463
6,597
-3.6%
Free cash flow
9,030
7,044
3,847
+28.2%
Free cash flow margin
6.0%
4.9%
2.6%
Depreciation and amortisation
7,993
7,385
6,504
+8.2%
Share-based compensation
199
180
159
+10.6%
Buybacks
129
1,964
213
-93.4%
Dividends paid
2,380
1,952
1,574
+21.9%
Dividend per share
$0.60
$0.50
$0.40
+20.0%
Diluted shares, weighted
4,002m
3,958m
4,087m
+1.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
28,642
24,438
26,140
+17.2%
Non-controlling interest
15.0
27.0
33.0
-44.4%
Redeemable equity
94.0
342
331
-72.5%
Other liabilities
196,174
183,720
175,522
+6.8%
Total liabilities and equity
224,925
208,527
202,026
+7.9%
Fixed assets
30,163
30,126
27,616
+0.1%
Goodwill
6.0
n/a
n/a
Intangible assets
124
133
85.0
-6.8%
Investments
20,904
n/a
n/a
Cash and equivalents
14,272
10,757
14,468
+32.7%
Receivables
11,042
n/a
n/a
Inventory
8,319
7,866
7,708
+5.8%
Other assets
140,095
159,645
152,149
-12.2%
Total assets
224,925
208,527
202,026
+7.9%
10-K for the year ended 31 December 2015, filed 11 February 2016: the filing.