Ford 2013 Annual Report Download - page 138

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136 Ford Motor Company | 2013 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 24. CAPITAL STOCK AND AMOUNTS PER SHARE (Continued)
Dividend Declaration
On January 9, 2014, our Board of Directors declared a first quarter 2014 dividend on our Common and Class B Stock
of $0.125 per share payable on March 3, 2014 to stockholders of record on January 31, 2014.
Effect of Dividends on Convertible Notes
As a result of dividends totaling $0.40 per share ($0.10 per share in each quarter of 2013) paid on our Common
Stock, the conversion rates for our outstanding convertible notes (see Note 15) have been adjusted pursuant to their
terms as follows:
Conversion Rate -
Shares of Ford Common Stock for Each $1,000 Principal Amount
After Adjustment After Adjustment
In Effect Effective Effective
Security At January 1, 2013 May 3, 2013 November 1, 2013
4.25% Senior Convertible Notes Due November 15, 2016 109.8554 shares 111.5339 shares 112.8203 shares
After Adjustment After Adjustment
In Effect Effective Effective
At January 1, 2013 May 3, 2013 November 1, 2013
4.25% Senior Convertible Notes Due November 15, 2036 111.0495 shares 112.7462 shares 114.0466 shares
Amounts Per Share Attributable to Ford Motor Company Common and Class B Stock
Basic and diluted income per share were calculated using the following (in millions):
2013 2012 2011
Basic and Diluted Income Attributable to Ford Motor Company
Basic income $ 7,155 $5,665 $ 20,213
Effect of dilutive 2016 Convertible Notes (a) 45 46 64
Effect of dilutive 2036 Convertible Notes (a) 1 2 2
Effect of dilutive Trust Preferred Securities (a) (b) — — 40
Diluted income $ 7,201 $5,713 $ 20,319
Basic and Diluted Shares (c)
Basic shares (average shares outstanding) 3,935 3,815 3,793
Net dilutive options and warrants 51 101 187
Dilutive 2016 Convertible Notes 98 96 95
Dilutive 2036 Convertible Notes 3 3 3
Dilutive Trust Preferred Securities (b) — — 33
Diluted shares 4,087 4,015 4,111
__________
(a) As applicable, includes interest expense, amortization of discount, amortization of fees, and other changes in income or loss that would result from
the assumed conversion.
(b) The Trust Preferred Securities, which were convertible into Ford Common Stock, were fully redeemed on March 15, 2011.
(c) Includes (i) 53 million in average net dilutive shares for 2012 for warrants outstanding prior to exercise, and (ii) 9 million in average basic shares
outstanding for 2012 for shares issued for warrants exercised. In total, 362 million warrants were exercised by the deadline for exercise of
December 31, 2012, on a net share settlement basis, resulting in the issuance of 106 million shares.