U.S. Floorplan Risk Management
Company Reconciliation To Company Adjusted Operating Cash Flow
Trailing Five Quarters (Mils)
4Q 2017
1Q 2018
2Q 2018
3Q 2018
4Q 2018
Net cash provided by / (Used in) operating activities (GAAP)
$ 3,147
$ 3,514
$ 4,972
$ 5,179
$1,357
Less: Items Not Included in Company Adjusted Operating Cash Flows
Ford Credit operating cash flows
Funded pension contributions
Separation payments
Other, net
Add: Items Included in Company Adjusted Operating Cash Flows
Automotive and Mobility capital spending
Ford Credit distributions
Settlement of derivatives
Pivotal conversion to a marketable security
(174)
(315)
5,907
3,811
(1,232)
(714)
(88)
(72)
(123)
(153)
(181)
(16)
(18)
(28)
(117)
(25)
53
(112)
146
(21)
(2,103)
(1,769)
(1,898)
(1,968)
(2,102)
1,013
450
600
660
107
(161)
114
109
70
263
$ 2,244
$ 2,963
$ (1,804)
$
115
$ 1,507
Company adjusted operating cash flow (Non-GAAP)
Cash Conversion Calculation
Company Adj. operating cash flow (Non-GAAP) (sum of Trailing Four Qtrs) $
Adj. EBIT (Non-GAAP) (sum of Trailing Four Qtrs)
4,182
$
9,638
Adj. cash conversion (Non-GAAP) (Trailing Four Qtrs)*
43%
*
99
Most comparable GAAP Measure: Net Cash Provided By / (Used In) Operating Activities divided by Net Income Attributable to Ford is equivalent to 234% in 2017 and 409% in 2018
Ford FORD CREDIT
$
2,781
$ 7,002
40%View entire presentation