2023 Outlook and Advancing The Ford Plan: Electrification
Earnings/ (Loss) Per Share Reconciliation To
Adjusted Earnings (Loss) Per Share
Diluted After-Tax Results ($M)
Diluted after-tax results (GAAP)
Less: Impact of pre-tax and tax special items
Adjusted net income – diluted (Non-GAAP)
Ford
Fourth Quarter
Full Year
2021
2022
2021
2022
12,282
1,289
17,937
(1,981)
11,220
(780)
11,507
(9,599)
$
1,062
$
2,069
$
6,430
$
7,618
Basic and Diluted Shares (M)
Basic shares (average shares outstanding)
3,999
4,004
3,991
4,014
Net dilutive options, unvested restricted stock units, unvested restricted stock
shares, and convertible debt
56
43
43
42
Diluted shares
4,055
4,047
4,034
4,056
Less: Net impact of adjustments
Earnings (Loss) per share - diluted (GAAP) *
Adjusted earnings per share - diluted (Non-GAAP)
SA
SA
3.03
0.32
EA
4.45
$
(0.49)
2.77
(0.19)
2.86
(2.37)
$
0.26
$
0.51
$
1.59
$
1.88
SECRET
For Full Year 2022, there were 42 million shares excluded from the calculation of diluted earnings/(loss) per share, due to their anti-dilutive effect
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