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96 Ford Motor Company | 2013 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 10. EQUITY IN NET ASSETS OF AFFILIATED COMPANIES (Continued)
Summarized Financial Results of Unconsolidated Affiliates
A summary of 100% of the financial results of our equity method investees in the aggregate is as follows (in millions):
Summarized Balance Sheet
December 31,
2013
December 31,
2012
Current assets $ 10,424 $ 9,561
Non-current assets 13,872 12,059
Total assets $ 24,296 $ 21,620
Current liabilities $ 11,130 $ 10,172
Non-current liabilities 4,986 4,662
Total liabilities $ 16,116 $ 14,834
Equity attributable to non-controlling interests $ 6$ 24
For the years ended December 31,
Summarized Income Statement 2013 2012 2011
Total revenue $ 38,736 $ 33,051 $ 31,178
Income before income taxes 2,815 1,896 1,822
Net income 2,587 1,616 1,512
Related Party Transactions
In the ordinary course of business we buy/sell various products and services including vehicles, parts, and
components to/from our equity method investees. In addition, we receive royalty income.
Transactions with equity method investees reported on our consolidated income statement and balance sheet were
as follows (in millions):
For the years ended December 31,
Income Statement 2013 2012 2011
Sales $ 6,421 $5,491 $ 4,957
Purchases 10,536 10,007 9,907
Royalty income 526 369 224
Balance Sheet
December 31,
2013
December 31,
2012
Receivables $ 953 $ 1,179
Payables 724 707