2023 Outlook and Advancing The Ford Plan: Electrification
Net Cash Provided By / (Used In) Operating Activities
Reconciliation To Company Adj. FCF (SM)
Ford
Net cash provided by / (used in) operating activities (GAAP)
Less: Items Not Included in Company Adjusted Free Cash Flows
Full Year
Q4 2021
Q1 2022
Q2 2022
Q3 2022
Q4 2022
2021
2022
$
3,531
$
(1,084)
$ 2,947
$
3,812
$ 1,178 $ 15,787 $
6,853
Ford Credit operating cash flows
Funded pension contributions
998
(419)
(1,340)
(439)
(3,218)
15,293
(5,416)
(171)
(174)
(154)
(130)
(109)
(773)
(567)
Global Redesign (including separations)
*
(310)
(176)
(137)
(179)
(343)
(1,855)
(835)
Ford Credit tax payments / (refunds) under tax sharing agreement
Other, net
11
22
125
15
147
(146)
(20)
20
20
(150)
92
(421)
(58)
Add: Items Included in Company Adjusted Free Cash Flows
Company excluding Ford Credit capital spending
Ford Credit distributions
Settlement of derivatives
(1,759)
1,000
(1,349)
(1,503)
(1,613)
(2,046)
(6,183)
(6,511)
1,000
600
500
7,500
2,100
(55)
64
(36)
26
(144)
(255)
(90)
Company adjusted free cash flow (Non-GAAP)
$ 2,335
(580)
3,619
$
3,601
$
2,441
4,590 $ 9,081
SECRET
Global Redesign excludes cash flows reported in investing activities
80
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