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72 Ford Motor Company | 2010 Annual Report
Consolidated Statement of Operations
FORD MOTOR COMPANY AND SUBSIDIARIES
For the Years Ended December 31, 2010, 2009 and 2008
(in millions, except per share amounts)
2010
20102010
2010
2009
20092009
2009
2008
20082008
2008
Sales and revenues
Sales and revenuesSales and revenues
Sales and revenues
Automotive sales................................................................................................
.............................
$ 119,280 $ 103,868 $ 127,635
Financial Services revenues ................................................................................................
...........
9,674 12,415 15,949
Total sales and revenues ................................................................................................
............
128,954 116,283 143,584
Costs and ex
Costs and exCosts and ex
Costs and expenses
pensespenses
penses
Automotive cost of sales ................................................................................................
.................
104,451 98,866 126,620
Selling, administrative and other expenses ................................................................
.....................
11,909 13,029 21,065
Interest expense ................................................................................................
.............................
6,152 6,790 9,737
Financial Services provision for credit and insurance losses................................
...........................
(216) 1,030 1,874
Total costs and expenses................................................................................................
............
122,296 119,715 159,296
Automotive interest income and other non-operating income/(expense), net (Note 20)
..................
(362) 5,284 (713)
Financial Services other income/(loss), net (Note 20) ................................
................................
315 552 1,149
Equity in net income/(loss) of affiliated companies................................
................................
538 195 381
Income/(Loss) before income taxes
Income/(Loss) before income taxesIncome/(Loss) before income taxes
Income/(Loss) before income taxes ................................................................
................................
7,149 2,599 (14,895)
Provision for/(Benefit from) income taxes (Note 23)................................
................................
592 (113) (62)
Income/(Loss) from continuing operations
Income/(Loss) from continuing operationsIncome/(Loss) from continuing operations
Income/(Loss) from continuing operations ................................................................
......................
6,557 2,712 (14,833)
Income/(Loss) from discontinued operations (Note 24)................................
................................
— 5 9
Net income/(loss)
Net income/(loss)Net income/(loss)
Net income/(loss)................................................................................................
............................
6,557 2,717 (14,824)
Less: Income/(Loss) attributable to noncontrolling interests................................
............................
(4) — (58)
Net income/(loss)
Net income/(loss)Net income/(loss)
Net income/(loss) attributable to Ford Motor Company
attributable to Ford Motor Company attributable to Ford Motor Company
attributable to Ford Motor Company................................
................................
$ 6,561 $ 2,717 $ (14,766)
NET INCOME/(LOSS) ATTRIBUTABLE TO FORD MOTOR COMPANY
NET INCOME/(LOSS) ATTRIBUTABLE TO FORD MOTOR COMPANYNET INCOME/(LOSS) ATTRIBUTABLE TO FORD MOTOR COMPANY
NET INCOME/(LOSS) ATTRIBUTABLE TO FORD MOTOR COMPANY
Income/(Loss) from continuing operations ................................................................
......................
$ 6,561 $ 2,712 $ (14,775)
Income/(Loss) from discontinued operations (Note 24)................................
................................
— 5 9
Net income/(loss)
Net income/(loss)Net income/(loss)
Net income/(loss)................................................................................................
............................
$ 6,561 $ 2,717 $ (14,766)
Average number of shares of Common and Class B Stock outstanding
................................
3,449 2,992 2,273
AMOUNTS PER SHARE
AMOUNTS PER SHARE AMOUNTS PER SHARE
AMOUNTS PER SHARE ATTRIBUTABLE TO FORD MOTOR COMPANY
ATTRIBUTABLE TO FORD MOTOR COMPANY ATTRIBUTABLE TO FORD MOTOR COMPANY
ATTRIBUTABLE TO FORD MOTOR COMPANY COMMON
COMMON COMMON
COMMON
AND CLASS B STOCK (Note
AND CLASS B STOCK (Note AND CLASS B STOCK (Note
AND CLASS B STOCK (Note 25
2525
25)
)))
Basic income/(loss)
Basic income/(loss)Basic income/(loss)
Basic income/(loss)
Income/(Loss) from continuing operations ................................................................
....................
$ 1.90 $ 0.91 $ (6.50)
Income/(Loss) from discontinued operations................................................................
.................
— — —
Net income/(loss)................................................................................................
..........................
$ 1.90 $ 0.91 $ (6.50)
Diluted income/(loss)
Diluted income/(loss)Diluted income/(loss)
Diluted income/(loss)
Income/(Loss) from continuing operations ................................................................
....................
$ 1.66 $ 0.86 $ (6.50)
Income/(Loss) from discontinued operations................................................................
.................
— — —
Net income/(loss)................................................................................................
..........................
$ 1.66 $ 0.86 $ (6.50)
The accompanying notes are part of the financial statements.