2023 Outlook and Advancing The Ford Plan: Electrification
Quarterly Results ($M)
Ford
Q1
Q2
22
2021
2022
Q3
Q4
Full Year
Q1
Q2
Q3
Q4
Full Year
North America
$
2,943
$
192
$
2,420
$
1,822
$
7,377
$
1,591
$
3,269
$
1,309 $
3,007
$
South America
(73)
(86)
2
36
(121)
50
104
149
110
9,176
413
Europe
341
(284)
(52)
(159)
(154)
207
10
204
(374)
47
China
(15)
(123)
(39)
(150)
(327)
(53)
(121)
(193)
(205)
(572)
International Markets Group
201
204
125
92
622
96
60
229
243
628
Automotive
$
3,397
$
(97)
$
2,456
$
1,641
$
7,397
$
1,891
$
3,322
$
1,698
$
2,781
$
9,692
Mobility
(207)
(210)
(271)
(342)
(1,030)
(242)
(221)
(244)
(219)
(926)
Ford Credit
962
1,623
1,077
1,055
4,717
928
939
599
191
2,657
Corporate Other
(240)
(263)
(269)
(312)
(1,084)
(251)
(318)
(250)
(189)
(1,008)
Adjusted EBIT
$
3,912
$
1,053
EA
$
2,993
$
2,042
$
10,000 $
2,326
$
3,722
$
1,803 $
2,564
$
10,415
Interest on Debt
(473)
Special Items (excl. tax)
503
Taxes
(680)
(453)
135
(182)
(439)
(438)
(1,803)
(308)
(312)
(321)
(318)
(1,259)
(669)
9,614
9,583
(5,866)
(2,619)
(2,607)
(1,080)
(12,172)
(63)
1,055
130
729
(153)
195
93
864
Less: Non-Controlling Interests
(10)
(27)
(29)
(103)
(30)
(171)
Net Income (Loss) Attributable to Ford
$
3,262
$
561
$
1,832
$
12,282
$
17,937
$
(3,110)
$
667
$
(827)
$
1,289
$
(1,981)
Company Adjusted Free Cash Flow ($B)
$
Revenue ($B)
(0.4) $
36.2
(5.1) $
26.8
7.8
$
35.7
2.3
37.7
$
4.6
136.3
$
(0.6) $
34.5
3.6
$
3.6
$
SA
2.4 $
40.2
39.4
44.0
9.1
158.1
Company Adjusted EBIT Margin (%)
10.8 %
3.9 %
8.4 %
5.4 %
7.3 %
6.7 %
9.3 %
4.6 %
5.8 %
6.6 %
Net Income (Loss) Margin (%)
9.0
2.1
5.1
32.6
13.2
(9.0)
1.7
(2.1)
Adjusted ROIC (Trailing Four Quarters) (%)
6.6
10.3
9.7
9.8
9.8
7.8
11.6
Adjusted EPS
$
0.70
$
0.13
SA
EPS (GAAP)
0.81
0.14
$
0.51
0.45
SA
$
0.26
$
1.59
$
0.38
$
0.68
EA
3.03
4.45
(0.78)
0.16
10.7
0.30 $
(0.21)
2.9
11.2
(1.3)
11.2
SA
0.51
$
1.88
0.32
(0.49)
SECRET
A6
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