Ford Motor (F) FY2023 results: revenue $176.2 billion, up 11.5% on the year
Ford Motor Co. (F) reported revenue of $176.2 billion for fiscal 2023, the year ended 31 December 2023, up 11.5% on the year before. Net income was $4.3 billion, and diluted earnings per share $1.08. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2024.
Revenue
$176.2 billion
+11.5% on the year
FY2016FY2023
Operating margin
3.1%
4.0% a year earlier
FY2016FY2023
Net income
$4.3 billion
FY2016FY2023
Diluted EPS
$1.08
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
14,918
6,853
15,787
+117.7%
Capital expenditure
8,236
6,866
6,227
+20.0%
Free cash flow
6,682
-13.0
9,560
Free cash flow margin
3.8%
-0.0%
7.0%
Cash from investing
-17,628
-4,347
2,745
Cash from financing
2,584
2,511
-23,498
+2.9%
Depreciation and amortisation
7,690
7,674
7,318
+0.2%
Share-based compensation
460
336
305
+36.9%
Buybacks
335
484
0.0
-30.8%
Dividends paid
4,995
2,009
403
+148.6%
Dividend per share
$1.25
$0.50
$0.10
+150.0%
Diluted shares, weighted
4,041m
4,014m
4,034m
+0.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
42,773
43,242
48,519
-1.1%
Non-controlling interest
25.0
-75.0
103
Debt
149,231
138,969
138,092
+7.4%
Operating lease liabilities
1,395
1,101
1,048
+26.7%
Other liabilities
79,886
72,647
69,273
+10.0%
Total liabilities and equity
273,310
255,884
257,035
+6.8%
Fixed assets
40,821
37,265
37,139
+9.5%
Goodwill
683
603
619
+13.3%
Intangible assets
80.0
86.0
111
-7.0%
Investments
15,309
18,936
29,053
-19.2%
Cash and equivalents
24,862
25,134
20,540
-1.1%
Receivables
15,601
15,729
11,370
-0.8%
Inventory
15,651
14,080
12,065
+11.2%
Other assets
160,303
144,051
146,138
+11.3%
Total assets
273,310
255,884
257,035
+6.8%
10-K for the year ended 31 December 2023, filed 7 February 2024: the filing.