Ford Motor Company posted a pre-tax profit of $8 billion for the full year 2012

Article by Christian A., on January 30, 2013

Ford Motor Company has posted a pre-tax profit of $8 billion for the full year 2012, credited to the record-breaking results in North America and the competent performance of Ford Credit. For the full year, it reported a pre-tax profit of $8 billion, or $1.41 per share, as well as a net income of $5.7 billion, or $1.42 per share.

These figures are both lower than the previous year. If we exclude the effect of 2011 revisions in the valuation allowance against deferred tax assets, Ford’s fourth quarter net income was $565 million higher than 2011. Meanwhile, its full year would be $307 million lower than a year ago. Ford also posted a pre-tax profit in the fourth quarter of $1.7 billion, or $0.31 per share, a climb of $577 million from 2011. Ford revealed a pre-tax profit for 14 straight quarters.

It posted a fourth quarter net income of $1.6 billion, or $0.40 per share. In the fourth quarter, Ford recorded a positive Automotive operating-related cash flow of $1 billion - the 11th straight quarter of achieving a positive performance. It also generated a positive Automotive operating-related cash flow of $3.4 billion for the entire year. Ford ended last year with an Automotive gross cash of $24.3 billion, surpassing debt by $10 billion.

It also achieved a strong liquidity position of $34.5 billion, a $2.1 billion increase over 2011. Alan Mulally, Ford president and CEO, said that the Ford team posted strong results once more, proving that its One Ford plan is achieving results. He said that the company is “well positioned” to achieve another strong year in 2013, as it pursues its plan to be present in all markets worldwide with a full lineup of vehicles – whether it’s small, medium and large or cars, utilities and trucks. It comes with the highest “quality, fuel efficiency, safety, smart design and value.”

Topics: ford, profit

If you liked the article, share on:

Comments

Recommended

Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5. While still on sale on this part of the...
by - February 26, 2017
There is definitely a second-generation Super Series from McLaren. Even in camouflaged form, it is simply incredible. But while we still don’t have the full data on how truly dynamic...
by - February 25, 2017
A lot of fans are excited with the news that Porsche could be unveiling a performance version of its Panamera 4 E-Hybrid plug-in hybrid during the 2017 Geneva Auto Show. ...
by - February 25, 2017
Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 2017
Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries