Ford Motor (F) FY2021 results: revenue $136.3 billion, up 7.2% on the year
Ford Motor Co. (F) reported revenue of $136.3 billion for fiscal 2021, the year ended 31 December 2021, up 7.2% on the year before. Net income was $17.9 billion, and diluted earnings per share $4.45. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2022.
Revenue
$136.3 billion
+7.2% on the year
FY2014FY2021
Operating margin
3.3%
-3.5% a year earlier
FY2014FY2021
Net income
$17.9 billion
FY2014FY2021
Diluted EPS
$4.45
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
15,787
24,269
17,639
-34.9%
Capital expenditure
6,227
5,742
7,632
+8.4%
Free cash flow
9,560
18,527
10,007
-48.4%
Free cash flow margin
7.0%
14.6%
6.4%
Cash from investing
2,745
-18,615
-13,721
Cash from financing
-23,498
2,315
-3,129
Depreciation and amortisation
7,318
8,774
10,493
-16.6%
Share-based compensation
305
199
228
+53.3%
Buybacks
0.0
0.0
237
Dividends paid
403
596
2,389
-32.4%
Dividend per share
$0.10
$0.15
$0.60
-33.3%
Diluted shares, weighted
4,034m
3,973m
4,004m
+1.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
48,519
30,690
33,185
+58.1%
Non-controlling interest
103
121
45.0
-14.9%
Redeemable equity
n/a
n/a
0.0
Debt
138,092
161,684
470
-14.6%
Operating lease liabilities
1,048
991
1,047
+5.8%
Other liabilities
69,273
73,775
223,790
-6.1%
Total liabilities and equity
257,035
267,261
258,537
-3.8%
Fixed assets
37,139
37,083
36,469
+0.2%
Goodwill
619
258
278
+139.9%
Intangible assets
111
144
188
-22.9%
Investments
29,053
24,718
17,147
+17.5%
Cash and equivalents
20,540
25,243
17,504
-18.6%
Receivables
11,370
9,993
9,237
+13.8%
Inventory
12,065
10,808
10,786
+11.6%
Other assets
146,138
159,014
166,928
-8.1%
Total assets
257,035
267,261
258,537
-3.8%
10-K for the year ended 31 December 2021, filed 4 February 2022: the filing.