Ford Motor (F) FY2017 results: revenue $156.8 billion, up 3.3% on the year
Ford Motor Co. (F) reported revenue of $156.8 billion for fiscal 2017, the year ended 31 December 2017, up 3.3% on the year before. Net income was $7.7 billion, up 68.2%, and diluted earnings per share $1.93. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2018.
Revenue
$156.8 billion
+3.3% on the year
FY2010FY2017
Operating margin
3.1%
3.8% a year earlier
FY2010FY2017
Net income
$7.7 billion
+68.2% on the year
FY2010FY2017
Diluted EPS
$1.93
+67.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
156,776
151,800
149,558
+3.3%
Cost of revenue
131,332
126,195
124,446
+4.1%
Gross profit
25,444
25,605
25,112
-0.6%
Gross margin
16.2%
16.9%
16.8%
Research and development
8,000
7,300
6,700
+9.6%
Selling, general and administrative
11,527
10,972
10,763
+5.1%
Operating income
4,881
5,786
6,981
-15.6%
Operating margin
3.1%
3.8%
4.7%
Interest expense
4,364
894
773
+388.1%
Pre-tax income
8,148
6,796
10,252
+19.9%
Income tax
402
2,184
2,881
-81.6%
Effective tax rate
4.9%
32.1%
28.1%
Net income
7,731
4,596
7,373
+68.2%
Net margin
4.9%
3.0%
4.9%
Diluted EPS
$1.93
$1.15
$1.84
+67.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
18,096
19,850
16,226
-8.8%
Capital expenditure
7,049
6,992
7,196
+0.8%
Free cash flow
11,047
12,858
9,030
-14.1%
Free cash flow margin
7.0%
8.5%
6.0%
Cash from investing
-19,360
n/a
n/a
Cash from financing
3,394
n/a
n/a
Depreciation and amortisation
9,241
n/a
7,993
Share-based compensation
246
210
199
+17.1%
Buybacks
131
145
129
-9.7%
Dividends paid
2,584
3,376
2,380
-23.5%
Dividend per share
$0.65
$0.85
$0.60
-23.5%
Diluted shares, weighted
3,998m
3,999m
4,002m
-0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
35,578
29,170
28,642
+22.0%
Non-controlling interest
28.0
17.0
15.0
+64.7%
Redeemable equity
98.0
96.0
94.0
+2.1%
Other liabilities
222,792
209,227
196,174
+6.5%
Total liabilities and equity
258,496
238,510
224,925
+8.4%
Fixed assets
35,327
32,072
30,163
+10.1%
Goodwill
75.0
50.0
6.0
+50.0%
Intangible assets
213
198
124
+7.6%
Investments
20,435
22,922
20,904
-10.8%
Cash and equivalents
18,492
15,905
14,272
+16.3%
Receivables
10,599
11,102
11,042
-4.5%
Inventory
11,176
8,898
8,319
+25.6%
Other assets
162,179
147,363
140,095
+10.1%
Total assets
258,496
238,510
224,925
+8.4%
10-K for the year ended 31 December 2017, filed 8 February 2018: the filing.