Ford 2013 Annual Report Download - page 7
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our U.S. assembly plants. We also are creating 11,000 new
jobs globally in 2014 – more than we have created in any
year in more than a decade.
We made progress in delivering profitable growth in 2013,
achieving a full year pre-tax profit of $8.6 billion (excluding
special items), or $1.62 per share on an after-tax basis.
We achieved our fifth year in a row of positive net income,
and 18th consecutive quarter of operating profit.
In 2013 we made $5 billion in cash contributions to our
worldwide funded pension plans, and our underfunded
position improved by about $10 billion compared with
year-end 2012. We also made record profit-sharing
payments to our U.S. hourly employees as part of the
UAW-Ford collective bargaining agreement. In addition, we
doubled the shareholder dividend to 10 cents a share before
raising it to 12.5 cents a share in the first quarter of 2014.
Better World
In addition to creating great products and a strong business,
we have a proud heritage of making the world a better
place. As we expand and realign globally and introduce
new products, we are contributing solutions to economic
development, energy security and independence, and
environmental sustainability. For example, today in the United
States we offer eight Ford brand vehicles that deliver 40 mpg
or better – more than any of our competitors’ brands.
Community service is another important part of our heritage.
Ford Motor Company Fund and Community Services,
our philanthropic organization, has donated more than
$1.5 billion in its 65-year history. Our Ford Volunteer Corps,
which will celebrate its 10th anniversary next year, encourages
salaried employees to volunteer in their communities.
During the eighth annual Ford Global Week of Caring in 2013,
approximately 10,000 members of the Ford Volunteer Corps
worked on more than 200 projects on six continents.
Ford Motor Company | 2013 Annual Report 5