Quarterly Financial Results
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
Balance Sheet
2022
2023
Company Excl. Ford Credit
2022 Dec 31
2023 Mar 31
1.4
$
3.1
Company Cash Balance
$
32.3
$
28.7
(1.3)
1.3
(1.8)
Liquidity
48.0
46.2
1.3
Debt
(19.9)
(19.7)
SA
EA
(0.1)
0.0
(2.7)
1.5
(1.2)
(0.5)
Cash Net of Debt
12.3
9.0
0.4
(2.0)
0.3
SA
(1.2)
1.0
(0.3)
(0.6)
(1.3)
(0.1)
Pension Funded Status
Funded Plans
Unfunded Plans
Total Global Pension
Total Funded Status OPEB
EA
EA
EA
$
4.1
$
4.1
(4.3)
(4.3)
$
(0.2)
$
(0.2)
$
(4.5)
$
(4.4)
ᏌᏊ
$
(0.6)
$
0.7
(0.1)
0.0
(0.3)
(0.2)
(0.2)
(0.1)
(0.4)
(3.2)
(6.2)
(0.7)
$
(7.8)
$
(3.6)
a.
b.
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)
Q1 2022 includes a $5.4B mark-to-market loss on our Rivian investment
Ford
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