Ford 2012 Annual Report Download - page 67
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Ford Motor Company | 2012 Annual Report 65
FORD MOTOR COMPANY AND SUBSIDIARIES
SECTOR INCOME STATEMENT
(in millions)
For the years ended December 31,
2012 2011 2010
AUTOMOTIVE
Revenues $ 126,567 $ 128,168 $119,280
Costs and expenses
Cost of sales 112,578 113,345 104,451
Selling, administrative, and other expenses 9,006 9,060 9,040
Total costs and expenses 121,584 122,405 113,491
Interest expense 713 817 1,807
Interest income and other income/(loss), net (Note 21) 1,185 825 (362)
Equity in net income/(loss) of affiliated companies 555 479 526
Income before income taxes — Automotive 6,010 6,250 4,146
FINANCIAL SERVICES
Revenues 7,685 8,096 9,674
Costs and expenses
Interest expense 3,115 3,614 4,345
Depreciation 2,524 1,843 2,024
Operating and other expenses 652 675 845
Provision for credit and insurance losses 86 (33) (216)
Total costs and expenses 6,377 6,099 6,998
Other income/(loss), net (Note 21) 369 413 315
Equity in net income/(loss) of affiliated companies 33 21 12
Income before income taxes — Financial Services 1,710 2,431 3,003
TOTAL COMPANY
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
The accompanying notes are part of the financial statements.
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