U.S. Floorplan Risk Management
Company Net Income Reconciliation To Adjusted EBIT (Mils)
4Q
2017
2018
FY
2017
2018
Net income / (Loss) attributable to Ford (GAAP)
Income/ (Loss) attributable to non-controlling interests
$
2,520
$ (116) $ 7,731
$
3,677
4
4
26
18
Net income (Loss)
$
2,524 $ (112) $
7,757
$
3,695
Less: (Provision for) / Benefit from income taxes
652
(95)
(402)
(650)
Income (Loss) before income taxes
$
1,872
$
(17)
$
8,159
$
4,345
Less: Special items pre-tax
152
(1,179)
(289)
(1,429)
Income (Loss) before special items pre-tax
$
1,720
$
1,162
$ 8,448
$ 5,774
Less: Interest on debt
(308)
(295)
(1,190)
(1,228)
Adjusted EBIT (Non-GAAP)
$
2,028
$
1,457
$ 9,638 $ 7,002
Memo:
Revenue (Bils)
$
41.3
$
41.8
$
156.8
$ 160.3
Net income margin (GAAP) (Pct)
6.1%
(0.3)%
4.9%
2.3%
Adjusted EBIT Margin (Pct)
4.9%
3.5%
6.1%
4.4%
97
Ford FORD CREDITView entire presentation