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Ford Motor Company | 2010 Annual Report 177
Selected Financial Data
Selected Financial Data
On January 1, 2010, we adopted the new accounting standard regarding consolidation of VIEs. We have applied the
standard retrospectively to periods covered in this Report, and present prior-year financial statement data on a basis that
is revised for the application of this standard. The following table sets forth selected financial data for each of the last five
years (dollar amounts in millions, except for per share amounts).
SUMMARY OF OPERATIONS
SUMMARY OF OPERATIONSSUMMARY OF OPERATIONS
SUMMARY OF OPERATIONS
2010
20102010
2010
2009
20092009
2009
2008
20082008
2008
2007
20072007
2007
2006
20062006
2006
Total Company
Total CompanyTotal Company
Total Company
Sales and revenues................................................................
................................
$ 128,954 $ 116,283 $ 143,584 $ 168,884 $ 156,711
Income/(Loss) before income taxes................................................................
..................
$ 7,149 $ 2,599 $ (14,895)
$ (4,286)
$ (15,490)
Provision for/(Benefit from) income taxes ................................
................................
592 (113)
(62)
(1,467)
(2,880)
Income/(Loss) from continuing operations ................................
................................
6,557 2,712 (14,833)
(2,819)
(12,610)
Income/(Loss) from discontinued operations ................................
................................
— 5 9 41 16
Income/(Loss) before cumulative effects of changes in accounting principles
..................
6,557 2,717 (14,824)
(2,778)
(12,594)
Cumulative effects of changes in accounting principles ................................
....................
— — — — (7)
Net income/(loss)................................................................................................ 6,557 2,717 (14,824)
(2,778)
(12,601)
Less: Income/(Loss) attributable to noncontrolling interests................................ (4)
— (58)
17 16
Net income/(loss) attributable to Ford Motor Company................................
.....................
$ 6,561 $ 2,717 $ (14,766)
$ (2,795)
$ (12,617)
Automotive Sector
Automotive SectorAutomotive Sector
Automotive Sector
Sales ................................................................................................
................................
$ 119,280 $ 103,868 $ 127,635 $ 152,691 $ 141,727
Operating income/(loss)................................................................
................................
5,789 (3,352)
(9,976)
(4,979)
(18,518)
Income/(Loss) before income taxes................................................................
..................
4,146 785 (12,314)
(5,510)
(17,456)
Financial Services Sector
Financial Services SectorFinancial Services Sector
Financial Services Sector
Revenues ................................................................................................
.........................
$ 9,674 $ 12,415 $ 15,949 $ 16,193 $ 14,984
Income/(Loss) before income taxes................................................................
..................
3,003 1,814 (2,581)
1,224 1,966
Amounts Per Share Attributable to Ford Motor Company Common and Class B Stock
Amounts Per Share Attributable to Ford Motor Company Common and Class B StockAmounts Per Share Attributable to Ford Motor Company Common and Class B Stock
Amounts Per Share Attributable to Ford Motor Company Common and Class B Stock
B
BBBasic:
asic:asic:
asic:
Income/(Loss) from continuing operations ................................
................................
$ 1.90 $ 0.91 $ (6.50) $ (1.43) $ (6.73)
Income/(Loss) from discontinued operations ................................
................................
— — — 0.02 0.01
Cumulative effects of change in accounting principles................................
......................
— — — — —
Net income/(loss)................................................................................................ $ 1.90 $ 0.91 $ (6.50) $ (1.41) $ (6.72)
Diluted:
Diluted:Diluted:
Diluted:
Income/(Loss) from continuing operations ................................
................................
$ 1.66 $ 0.86 $ (6.50) $ (1.43) $ (6.73)
Income/(Loss) from discontinued operations ................................
................................
— — — 0.02 0.01
Cumulative effects of change in accounting principles................................
......................
— — — — —
Net income/(loss)................................................................................................ $ 1.66 $ 0.86 $ (6.50) $ (1.41) $ (6.72)
Cash dividends ................................................................................................
.................
$ — $ — $ — $ — $ 0.25
Common Stock price range (NYSE Composite Intraday)
High................................................................................................
................................
$ 17.42 $ 10.37 $ 8.79 $ 9.70 $ 9.48
Low................................................................................................
................................
9.75 1.50 1.01 6.65 6.06
Average number of shares of Ford Common and Class B Stock outstanding
(in millions)................................................................................................
......................
3,449 2,992 2,273 1,979 1,879
SECTOR BALANCE SHEET DATA AT YEAR
SECTOR BALANCE SHEET DATA AT YEARSECTOR BALANCE SHEET DATA AT YEAR
SECTOR BALANCE SHEET DATA AT YEAR-
---END
ENDEND
END
Assets
AssetsAssets
Assets
Automotive sector................................................................
................................
$ 64,606 $ 79,118 $ 71,556 $ 115,484 $ 120,198
Financial Services sector................................................................
................................
103,270 119,112 151,667 169,261 169,691
Intersector elimination................................................................
................................
(2,083)
(3,224)
(2,535)
(2,023)
(1,467)
Total assets ................................................................................................
..................
$ 165,793 $ 195,006 $ 220,688 $ 282,722 $ 288,422
Debt
DebtDebt
Debt
Automotive sector................................................................
................................
$ 19,077 $ 33,610 $ 23,319 $ 24,190 $ 26,906
Financial Services sector................................................................
................................
85,112 98,671 128,842 141,833 142,036
Intersector elimination * ................................................................
................................
(201)
(646)
(492)
— —
Total debt ................................................................................................
.....................
$ 103,988 $ 131,635 $ 151,669 $ 166,023 $ 168,942
Total Equity/(Deficit
Total Equity/(DeficitTotal Equity/(Deficit
Total Equity/(Deficit)
))) ................................................................
................................
$ (642)
$ (7,782)
$ (15,371)
$ 7,771 $ (1,235)
* Debt related to Ford's acquisition of Ford Credit debt securities; see Note 1 of the Notes to the Financial Statements for additional detail.