Quarterly Financial Results
Company
Adjusted ROIC ($B)
Adjusted Net Operating Profit / (Loss) After Cash Tax
Net income/(loss) attributable to Ford
Add: Non-controlling interest
Less: Income tax
Add: Cash tax
Less: Interest on debt
Less: Total pension / OPEB income / (cost)
Add: Pension / OPEB service costs
Net operating profit / (loss) after cash tax
Less: Special items (excl. pension / OPEB) pre-tax
Adj. net operating profit / (loss) after cash tax
Invested Capital
Equity
Debt (excl. Ford Credit)
Net pension and OPEB liability
Invested capital (end of period)
Average invested capital
ROIC (a)
Adjusted ROIC (Non-GAAP) (b)
Four Quarters
Four Quarters
Ending Q1 2022
Ending Q1 2023
$
11.6
2.9
(0.0)
(0.3)
1.5
(0.4)
(0.6)
(0.9)
(1.6)
(1.3)
4.8
(0.1)
(1.1)
(0.9)
EA
$
5.2
$
2.6
(0.4)
(6.6)
$
5.6
$
9.2
Ford
EA
$
45.1
SA
42.2
20.1
19.7
5.8
4.6
$
70.9
$
72.7
SASA
$
66.5
b.
$
68.2
7.2 %
3.8 %
7.8 %
13.5 %
a.
Calculated as the sum of
net operating profit / (loss)
after cash tax from the
last four quarters, divided
by the average invested
capital over the last four
quarters
Calculated as the sum of
adjusted net operating
profit/(loss) after cash
tax from the last four
quarters, divided by the
average invested capital
over the last four quarters
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