Ford 2014 Annual Report Download - page 33
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ITEM 6. Selected Financial Data.
On January 1, 2014, we changed our accounting method for determining the obligation for long-term disability benefits
(see Note 1). We have applied the change in accounting method retrospectively to periods covered in this Report, and
the amounts below reflect this change. The following table sets forth selected financial data for each of the last five years
(dollar amounts in millions, except for per share amounts):
SUMMARY OF INCOME 2014 2013 2012 2011 2010
Total Company
Revenues $ 144,077 $ 146,917 $ 133,559 $ 135,605 $ 128,122
Income before income taxes $ 4,342 $7,040 $7,638 $8,646 $ 7,069
Provision for/(Benefit from) income taxes 1,156 (135)2,026 (11,675) 592
Net income 3,186 7,175 5,612 20,321 6,477
Less: Income/(Loss) attributable to noncontrolling interests (1) (7) (1) 9 (4)
Net income attributable to Ford Motor Company $ 3,187 $7,182 $5,613 $ 20,312 $ 6,481
Automotive Sector
Revenues $ 135,782 $ 139,369 $ 126,567 $ 128,168 $ 119,280
Income before income taxes 2,548 5,368 5,928 6,215 4,066
Financial Services Sector
Revenues $ 8,295 $7,548 $6,992 $7,437 $ 8,842
Income before income taxes 1,794 1,672 1,710 2,431 3,003
Earnings Per Share Attributable to Ford Motor Company Common and Class B Stock
Average number of shares of Ford Common and Class B Stock outstanding
(in millions) 3,912 3,935 3,815 3,793 3,449
Basic income $ 0.81 $1.83 $1.47 $5.36 $1.88
Diluted income 0.80 1.77 1.41 4.97 1.65
Cash dividends declared 0.50 0.40 0.15 0.05 —
Common Stock price range (NYSE Composite Intraday)
High 18.12 18.02 13.08 18.97 17.42
Low 13.26 12.10 8.82 9.05 9.75
SECTOR BALANCE SHEET DATA AT YEAR-END
Assets
Automotive sector $ 90,079 $90,479 $86,623 $ 78,920 $ 64,606
Financial Services sector 121,388 115,057 105,012 100,612 102,407
Intersector elimination (1,024) (1,631) (252) (1,112) (2,083)
Total assets $ 210,443 $ 203,905 $ 191,383 $ 178,420 $ 164,930
Debt
Automotive sector $ 13,824 $15,683 $14,256 $ 13,094 $ 19,077
Financial Services sector 105,347 99,005 90,802 86,595 85,112
Intersector elimination (a) — — — (201) (201)
Total debt $ 119,171 $ 114,688 $ 105,058 $ 99,488 $ 103,988
Total Equity/(Deficit) $24,832 $26,145 $15,686 $ 14,821 $ (993)
__________
(a) Debt related to Ford’s acquisition of Ford Credit debt securities.
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