Ford Results 3Q23 Earnings
Cash Flow And Balance Sheet ($B)
Company Adj. EBIT excl. Ford Credit
Capital spending
Depreciation and tooling amortization
Net Spending
Receivables
Inventory
Trade payables
Changes in Working Capital
Ford Credit distributions
Interest on debt and cash taxes
All Other and timing differences (a)
Company Adjusted FCF
Restructuring
Changes in debt
Funded pension contributions
Shareholder distributions
All Other (b)
Change in Cash
$
a.
LA
$
Third Quarter
2022
1.2
(1.6)
1.3
(0.3)
(0.1)
(1.7)
3.9
2.2
0.5
(0.3)
0.3
3.6
(0.2)
1.0
$
A
SA
(0.1)
(0.6)
(0.3)
3.3 $
2023
1.8
(2.2)
1.3
(0.9)
(0.6)
(0.8)
0.2
(1.1)
(0.4)
1.8
1.2
(0.3)
0.0
(0.2)
(0.6)
(0.9)
(0.8)
SA
A LA
A A
$
Year-To-Date
2022
5.4
(4.5)
3.9
(0.6)
(0.6)
(4.1)
5.9
1.1
$
(0.5)
(1.4)
(9.3)
(4.5)
$
$
$
GAGA
2.1
(1.2)
(0.2)
6.6
(0.0) $
0.1
$
GALA
$
2023
Includes differences between accrual-based EBIT and associated cash flows (e.g., pension and OPEB income or expense;
compensation payments; marketing incentive and warranty payments to dealers)
b. Includes a $0.6B gain and $7.3B loss on our Rivian investment in the third quarter and first nine months of 2022, respectively
8.3
(5.9)
3.9
(2.0)
(0.8)
(4.2)
1.9
(3.1)
(1.7)
3.3
4.8
(0.4)
(0.2)
(0.4)
(4.4)
(2.6)
(3.2)
Company Cash Balance
Liquidity
Debt
Cash Net of Debt
Pension Funded Status
Funded Plans
Unfunded Plans
Total Global Pension
Total Funded Status OPEB
2022 Dec 31
$
$
$
Balance Sheet
SA
32.3
48.0
(19.9)
12.3
4.1
(4.3)
(0.2)
(4.5)
2023 Sep 30
$
$
$
$
Ford
29.1
50.6
(19.8)
9.3
3.9
(4.1)
(0.2)
(4.4)
23View entire presentation