Ford 2014 Annual Report Download - page 134

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FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 9. 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 at December 31 was as
follows (in millions):
Summarized Balance Sheet 2014 2013
Current assets $ 11,012 $ 10,424
Non-current assets 13,749 13,872
Total assets $ 24,761 $ 24,296
Current liabilities $ 11,943 $ 11,130
Non-current liabilities 4,597 4,986
Total liabilities $ 16,540 $ 16,116
Equity attributable to non-controlling interests $ 8$6
For the years ended December 31,
Summarized Income Statement 2014 2013 2012
Total revenue $ 40,658 $38,736 $ 33,051
Income before income taxes 4,673 2,815 1,896
Net income 4,102 2,587 1,616
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 at
December 31 were as follows (in millions):
For the years ended December 31,
Income Statement 2014 2013 2012
Sales $ 5,208 $6,421 $ 5,491
Purchases 9,430 10,536 10,007
Royalty income 500 526 369
Balance Sheet 2014 2013
Receivables $ 1,056 $953
Payables 712 724
FS-28