Ford Motor (F) FY2016 results: revenue $151.8 billion, up 1.5% on the year
Ford Motor Co. (F) reported revenue of $151.8 billion for fiscal 2016, the year ended 31 December 2016, up 1.5% on the year before. Net income was $4.6 billion, down 37.7%, and diluted earnings per share $1.15. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2017.
Revenue
$151.8 billion
+1.5% on the year
FY2009FY2016
Operating margin
3.8%
4.7% a year earlier
FY2009FY2016
Net income
$4.6 billion
-37.7% on the year
FY2009FY2016
Diluted EPS
$1.15
-37.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
151,800
149,558
144,077
+1.5%
Cost of revenue
126,195
124,446
125,025
+1.4%
Gross profit
25,605
25,112
19,052
+2.0%
Gross margin
16.9%
16.8%
13.2%
Research and development
7,300
6,700
6,700
+9.0%
Selling, general and administrative
10,972
10,763
11,842
+1.9%
Operating income
5,786
6,981
332
-17.1%
Operating margin
3.8%
4.7%
0.2%
Interest expense
894
773
797
+15.7%
Pre-tax income
6,796
10,252
1,234
-33.7%
Income tax
2,184
2,881
4.0
-24.2%
Effective tax rate
32.1%
28.1%
0.3%
Net income
4,596
7,373
1,231
-37.7%
Net margin
3.0%
4.9%
0.9%
Diluted EPS
$1.15
$1.84
$0.31
-37.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
19,850
16,226
14,507
+22.3%
Capital expenditure
6,992
7,196
7,463
-2.8%
Free cash flow
12,858
9,030
7,044
+42.4%
Free cash flow margin
8.5%
6.0%
4.9%
Depreciation and amortisation
n/a
7,993
7,385
Share-based compensation
210
199
180
+5.5%
Buybacks
145
129
1,964
+12.4%
Dividends paid
3,376
2,380
1,952
+41.8%
Dividend per share
$0.85
$0.60
$0.50
+41.7%
Diluted shares, weighted
3,999m
4,002m
3,958m
-0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
29,170
28,642
24,438
+1.8%
Non-controlling interest
17.0
15.0
27.0
+13.3%
Redeemable equity
96.0
94.0
342
+2.1%
Other liabilities
209,227
196,174
183,720
+6.7%
Total liabilities and equity
238,510
224,925
208,527
+6.0%
Fixed assets
32,072
30,163
30,126
+6.3%
Goodwill
50.0
6.0
n/a
+733.3%
Intangible assets
198
124
133
+59.7%
Investments
22,922
20,904
n/a
+9.7%
Cash and equivalents
15,905
14,272
10,757
+11.4%
Receivables
11,102
11,042
n/a
+0.5%
Inventory
8,898
8,319
7,866
+7.0%
Other assets
147,363
140,095
159,645
+5.2%
Total assets
238,510
224,925
208,527
+6.0%
10-K for the year ended 31 December 2016, filed 9 February 2017: the filing.