2023 Outlook and Advancing The Ford Plan: Electrification
Adjusted ROIC (SB)
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)
Four Quarters
Ending Q4 2021
Four Quarters
Ending Q4 2022
$
SA
17.9
$
(2.0)
(0.0)
(0.2)
0.1
0.9
(0.6)
(0.8)
(1.8)
(1.3)
4.9
0.4
Add: Pension / OPEB service costs
(1.1)
(1.0)
Net operating profit / (loss) after cash tax
$
13.0
$
(3.9)
Less: Special items (excl. pension / OPEB) pre-tax
5.9
(11.7)
Adj. net operating profit/(loss) after cash tax.
$
7.1
$
7.8
Invested Capital
Equity
SA
Debt (excl. Ford Credit)
Net pension and OPEB liability
Invested capital (end of period)
Average invested capital
ROIC (a)
Adjusted ROIC (Non-GAAP) (b)
$
48.6
$
43.2
20.4
19.9
6.4
4.7
ᎾᎯ Ꭿ
$
75.4
$
67.8
$
72.1
$
70.0
18.0 %
9.8 %
(5.6) %
11.2 %
SECRET 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
b. 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
Ford
A11View entire presentation