Ford 2014 Annual Report Download - page 108
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FS-2
FORD MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
(in millions, except per share amounts)
For the years ended December 31,
2014 2013 2012
Revenues
Automotive $ 135,782 $ 139,369 $126,567
Financial Services 8,295 7,548 6,992
Total revenues 144,077 146,917 133,559
Costs and expenses
Automotive cost of sales 123,516 125,195 113,039
Selling, administrative, and other expenses 14,117 13,176 11,529
Financial Services interest expense 2,699 2,860 3,115
Financial Services provision for credit and insurance losses 305 208 77
Total costs and expenses 140,637 141,439 127,760
Automotive interest expense 797 829 713
Automotive interest income and other income/(loss), net (Note 18) 76 974 1,599
Financial Services other income/(loss), net (Note 18) 348 348 365
Equity in net income of affiliated companies 1,275 1,069 588
Income before income taxes 4,342 7,040 7,638
Provision for/(Benefit from) income taxes (Note 21) 1,156 (135) 2,026
Net income 3,186 7,175 5,612
Less: Income/(Loss) attributable to noncontrolling interests (1) (7) (1)
Net income attributable to Ford Motor Company $3,187 $7,182 $ 5,613
EARNINGS PER SHARE ATTRIBUTABLE TO FORD MOTOR COMPANY COMMON AND CLASS B STOCK (Note 23)
Basic income $ 0.81 $1.83 $1.47
Diluted income 0.80 1.77 1.41
Cash dividends declared 0.50 0.40 0.15
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(in millions)
For the years ended December 31,
2014 2013 2012
Net income $3,186 $7,175 $ 5,612
Other comprehensive income/(loss), net of tax (Note 17)
Foreign currency translation (602)(501)141
Derivative instruments (182)215 6
Pension and other postretirement benefits (1,018) 4,914 (4,268)
Total other comprehensive income/(loss), net of tax (1,802) 4,628 (4,121)
Comprehensive income 1,384 11,803 1,491
Less: Comprehensive income/(loss) attributable to noncontrolling interests — (7) (1)
Comprehensive income attributable to Ford Motor Company $1,384 $11,810 $ 1,492
The accompanying notes are part of the financial statements.
FS-2