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64 Ford Motor Company | 2012 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
(in millions, except per share amounts)
For the years ended December 31,
2012 2011 2010
Revenues
Automotive $ 126,567 $ 128,168 $119,280
Financial Services 7,685 8,096 9,674
Total revenues 134,252 136,264 128,954
Costs and expenses
Automotive cost of sales 112,578 113,345 104,451
Selling, administrative, and other expenses 12,182 11,578 11,909
Financial Services interest expense 3,115 3,614 4,345
Financial Services provision for credit and insurance losses 86 (33) (216)
Total costs and expenses 127,961 128,504 120,489
Automotive interest expense 713 817 1,807
Automotive interest income and other income/(loss), net (Note 21) 1,185 825 (362)
Financial Services other income/(loss), net (Note 21) 369 413 315
Equity in net income/(loss) of affiliated companies 588 500 538
Income before income taxes 7,720 8,681 7,149
Provision for/(Benefit from) income taxes (Note 24) 2,056 (11,541) 592
Net income 5,664 20,222 6,557
Less: Income/(Loss) attributable to noncontrolling interests (1) 9(4)
Net income attributable to Ford Motor Company $5,665 $20,213 $ 6,561
AMOUNTS PER SHARE ATTRIBUTABLE TO FORD MOTOR COMPANY COMMON AND CLASS B STOCK (Note 26)
Basic income $ 1.48 $5.33 $1.90
Diluted income $ 1.42 $4.94 $1.66
Cash dividends declared $ 0.15 $0.05 $ —
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(in millions)
For the years ended December 31,
2012 2011 2010
Net income $5,664 $20,222 $ 6,557
Other comprehensive income/(loss), net of tax (Note 20)
Foreign currency translation 142 (720)(2,234)
Derivative instruments 6 (152)(24)
Pension and other postretirement benefits (4,268) (3,553)(1,190)
Net holding gain/(loss) — 2(2)
Total other comprehensive income/(loss), net of tax (4,120) (4,423)(3,450)
Comprehensive income 1,544 15,799 3,107
Less: Comprehensive income/(loss) attributable to noncontrolling interests (1) 7(5)
Comprehensive income attributable to Ford Motor Company $1,545 $15,792 $ 3,112
The accompanying notes are part of the financial statements.