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Ford Motor Company | 2010 Annual Report 73
Sector Statement of Operations
FORD MOTOR COMPANY AND SUBSIDIARIES
For the Years Ended December 31, 2010, 2009 and 2008
(in millions, except per share amounts)
20
2020
2010
1010
10
200
200200
2009
999
200
200200
2008
888
AUTOMOTIVE
AUTOMOTIVEAUTOMOTIVE
AUTOMOTIVE
Sales
SalesSales
Sales................................................................................................................................
....................
$ 119,280 $ 103,868 $ 127,635
Costs and expenses
Costs and expenses Costs and expenses
Costs and expenses
Cost of sales ................................................................................................
................................
104,451 98,866 126,620
Selling, administrative and other expenses................................................................
..........................
9,040 8,354 10,991
Total costs and expenses................................................................................................
.................
113,491 107,220 137,611
Operatin
OperatinOperatin
Operating income/(loss)
g income/(loss)g income/(loss)
g income/(loss)................................................................................................
.......................
5,789 (3,352) (9,976)
Interest expense ................................................................................................
................................
1,807 1,477 1,993
Interest income and other non-operating income/(expense), net (Note 20)
................................
(362) 5,284 (713)
Equity in net income/(loss) of affiliated companies................................
................................
526 330 368
Income/(Loss) before income taxes
Income/(Loss) before income taxes Income/(Loss) before income taxes
Income/(Loss) before income taxes —
——— Automotive
Automotive Automotive
Automotive................................
................................
4,146 785 (12,314)
FINANCIAL SERVICES
FINANCIAL SERVICESFINANCIAL SERVICES
FINANCIAL SERVICES
Revenues
RevenuesRevenues
Revenues ................................................................................................
................................
9,674 12,415 15,949
Costs and expenses
Costs and expenses Costs and expenses
Costs and expenses
Interest expense ................................................................................................
................................
4,345 5,313 7,744
Depreciation................................................................................................
................................
2,024 3,937 9,109
Operating and other expenses................................................................
................................
845 738 965
Provision for credit and insurance losses................................................................
.............................
(216) 1,030 1,874
Total costs and expenses................................................................................................
.................
6,998 11,018 19,692
Other income/(loss), net (Note 20)................................................................
................................
315 552 1,149
Equity in net income/(loss) of affiliated companies................................
................................
12 (135) 13
Income/(Loss) before income taxes
Income/(Loss) before income taxes Income/(Loss) before income taxes
Income/(Loss) before income taxes —
——— Financial
Financial Financial
Financial Services
ServicesServices
Services................................
................................
3,003 1,814 (2,581)
TOTAL COMPANY
TOTAL COMPANYTOTAL COMPANY
TOTAL COMPANY
Income/(Loss) before income taxes
Income/(Loss) before income taxesIncome/(Loss) before income taxes
Income/(Loss) before income taxes ................................................................
................................
7,149 2,599 (14,895)
Provision for/(Benefit from) income taxes (Note 23)................................
................................
592 (113) (62)
Incom
IncomIncom
Income/(Loss) from continuing operations
e/(Loss) from continuing operationse/(Loss) from continuing operations
e/(Loss) from continuing operations ................................................................
...........................
6,557 2,712 (14,833)
Income/(Loss) from discontinued operations (Note 24)................................
................................
— 5 9
Net income/(loss)
Net income/(loss)Net income/(loss)
Net income/(loss)................................................................................................
................................
6,557 2,717 (14,824)
Less: Income/(Loss) attributable to noncontrolling interests................................
............................
(4) — (58)
Net income/(loss)
Net income/(loss)Net income/(loss)
Net income/(loss) attributable to Ford Motor Company
attributable to Ford Motor Company attributable to Ford Motor Company
attributable to Ford Motor Company................................
................................
$ 6,561 $ 2,717 $ (14,766)
NET INCOME/(LOSS) ATTRIBUTABLE TO FORD MOTOR COMPANY
NET INCOME/(LOSS) ATTRIBUTABLE TO FORD MOTOR COMPANYNET INCOME/(LOSS) ATTRIBUTABLE TO FORD MOTOR COMPANY
NET INCOME/(LOSS) ATTRIBUTABLE TO FORD MOTOR COMPANY
Income/(Loss) from continuing operations ................................................................
......................
$ 6,561 $ 2,712 $ (14,775)
Income/(Loss) from discontinued operations (Note 24)................................
................................
— 5 9
Net income/(loss)
Net income/(loss)Net income/(loss)
Net income/(loss)................................................................................................
............................
$ 6,561 $ 2,717 $ (14,766)
Average number of shares of Common and Class B Stock outstanding
................................
3,449 2,992 2,273
AMOUNTS PER SHARE
AMOUNTS PER SHARE AMOUNTS PER SHARE
AMOUNTS PER SHARE ATTRIBUTABLE TO FORD MOTOR COMPAN
ATTRIBUTABLE TO FORD MOTOR COMPANATTRIBUTABLE TO FORD MOTOR COMPAN
ATTRIBUTABLE TO FORD MOTOR COMPANY
Y Y
Y COMMON AND CLASS B STOCK (Note
COMMON AND CLASS B STOCK (Note COMMON AND CLASS B STOCK (Note
COMMON AND CLASS B STOCK (Note 25
2525
25)
)))
Basic income/(loss)
Basic income/(loss)Basic income/(loss)
Basic income/(loss)
Income/(Loss) from continuing operations ................................................................
....................
$ 1.90 $ 0.91 $ (6.50)
Income/(Loss) from discontinued operations................................................................
.................
— — —
Net income/(loss)................................................................................................
..........................
$ 1.90 $ 0.91 $ (6.50)
Diluted income/(loss)
Diluted income/(loss)Diluted income/(loss)
Diluted income/(loss)
Income/(Loss) from continuing operations ................................................................
....................
$ 1.66 $ 0.86 $ (6.50)
Income/(Loss) from discontinued operations................................................................
.................
— — —
Net income/(loss)................................................................................................
..........................
$ 1.66 $ 0.86 $ (6.50)
The accompanying notes are part of the financial statements.