FORD MOTOR CO

F 10-Q · Q2 2025

F Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 50,184 47,808 +5.0%
Show Product Lines breakouts
Financing income 2,008 1,889 +6.3%
Financing income · Ford Credit 2,008 1,889 +6.3%
Insurance income 38 36 +5.6%
Insurance income · Ford Credit 38 36 +5.6%
Leasing income 1,253 1,084 +15.6%
Leasing income · Company excluding Ford Credit 77 54 +42.6%
Leasing income · Ford Credit 1,176 1,030 +14.2%
Revenues from sales and services 46,885 44,799 +4.7%
Revenues from sales and services · Company excluding Ford Credit 46,866 44,757 +4.7%
Revenues from sales and services · Ford Credit 19 42 -54.8%
Service and Other Revenue 903 768 +17.6%
Service and Other Revenue · Company excluding Ford Credit 884 726 +21.8%
Service and Other Revenue · Ford Credit 19 42 -54.8%
Used vehicles 780 489 +59.5%
Used vehicles · Company excluding Ford Credit 780 489 +59.5%
Vehicles, parts, and accessories 45,202 43,542 +3.8%
Vehicles, parts, and accessories · Company excluding Ford Credit 45,202 43,542 +3.8%
Show Business Segments breakouts
Company excluding Ford Credit 46,943 44,811 +4.8%
Company excluding Ford Credit · Operating Segments 46,943 44,811 +4.8%
Ford Blue · Operating Segments 25,784 26,670 -3.3%
Ford Credit 3,241 2,997 +8.1%
Ford Credit · Operating Segments 3,241 2,997 +8.1%
Ford Model e · Operating Segments 2,357 1,150 +105.0%
Ford Pro · Operating Segments 18,797 16,988 +10.6%
Show Consolidation Items breakouts
Intersegment Elimination 5 3 +66.7%
Cost of Revenue 44,245 40,489 +9.3%
Total Costs & Expenses 49,673 45,925 +8.2%
Selling, General & Administrative 2,706 2,678 +1.0%
Operating Income 511 1,883 -72.9%
Non-Operating Income (Expense) 577 628 -8.1%
Interest Income 368 367 +0.3%
Show Business Segments breakouts
Ford Blue · Operating Segments 50 41 +22.0%
Ford Credit · Operating Segments 91 122 -25.4%
Ford Model e · Operating Segments 1
Ford Pro · Operating Segments 15 13 +15.4%
Show Consolidation Items breakouts
Intersegment Elimination 211 191 +10.5%
Other Non-Operating Income (Expense) 75 14 +435.7%
Income Before Taxes 541 2,438 -77.8%
Show Business Segments breakouts
Ford Blue · Operating Segments 661 1,167 -43.4%
Ford Credit · Operating Segments 645 343 +88.0%
Ford Model e · Operating Segments -1,329 -1,150 -15.6%
Ford Pro · Operating Segments 2,318 2,562 -9.5%
Show Segment Reconciling Items [Axis] breakouts
Interest on Debt [Domain] · Material Reconciling Items -297 -270 -10.0%
Special Items [Member] · Material Reconciling Items -1,302 -49 -2557.1%
Show Consolidation Items breakouts
Corporate Non Segment -155 -165 +6.1%
Operating Segments 2,295 2,922 -21.5%
Income Tax Expense (Benefit) 570 605 -5.8%
Net Income -29 1,833 -101.6%
Net Income -36 1,831 -102.0%
Show Equity Components breakouts
Retained Earnings -36 1,831 -102.0%
Comprehensive Income 880 1,406 -37.4%
Other Comprehensive Income 916 -425 +315.5%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 916 -425 +315.5%
EPS (Basic) -0.01 0.46 -102.2%
EPS (Diluted) -0.01 0.46 -102.2%
Wtd Avg Shares (Basic) 3,980 3,985 -0.1%
Wtd Avg Shares (Diluted) 3,980 4,022 -1.0%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax (Q)
Show Consolidated Entities breakouts
Parent Company -395 79 -600.0%
Net Income Loss Available To Common Stockholders Basic -36 1,831 -102.0%
Gain Loss On Investments -11 -21 +47.6%
Net Income Loss Attributable To Noncontrolling Interest 7 2 +250.0%
Income Loss From Equity Method Investments -250 197 -226.9%
Show Business Segments breakouts
Ford Blue · Operating Segments 52 95 -45.3%
Ford Credit · Operating Segments 13 10 +30.0%
Ford Model e · Operating Segments -17 -20 +15.0%
Ford Pro · Operating Segments 96 111 -13.5%
Show Consolidation Items breakouts
Intersegment Elimination -394 1 -39500.0%
Interest Expense (Q)
Show Business Segments breakouts
Ford Credit · Operating Segments 1,759 1,897 -7.3%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 23,020 19,953 +15.4%
Show Business Segments breakouts
Company excluding Ford Credit · Operating Segments 14,551 12,505 +16.4%
Ford Credit · Operating Segments 8,469 7,448 +13.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 2,364 2,311 +2.3%
Marketable Securities (Current) 14,484 14,613 -0.9%
Notes And Loans Receivable Net Current 47,593 47,434 +0.3%
Show Business Segments breakouts
Ford Credit 47,593 47,434 +0.3%
Accounts Receivable 19,709 16,802 +17.3%
Inventory 17,270 17,183 +0.5%
Other Assets Current 4,536 4,533 +0.1%
Total Current Assets 126,612 120,518 +5.1%
Non-Current Assets
Notes And Loans Receivable Net Noncurrent 59,867 58,159 +2.9%
Show Business Segments breakouts
Ford Credit 59,867 58,159 +2.9%
Net Investment In Operating Leases Noncurrent 25,336 21,545 +17.6%
Property, Plant & Equipment 43,877 40,709 +7.8%
Equity Method Investments 5,038 7,215 -30.2%
Deferred Tax Assets 17,320 16,468 +5.2%
Other Non-Current Assets 14,675 11,972 +22.6%
Total Assets 292,725 276,586 +5.8%
Show Business Segments breakouts
Ford Blue · Operating Segments 64,141 59,907 +7.1%
Ford Credit · Operating Segments 157,804 150,159 +5.1%
Ford Model e · Operating Segments 16,304 16,861 -3.3%
Ford Pro · Operating Segments 4,566 3,287 +38.9%
Show Consolidation Items breakouts
Intersegment Elimination 49,910 46,372 +7.6%
Current Liabilities
Accounts Payable And Accrued Liabilities Current 27,756 25,458 +9.0%
Other Liabilities Current 30,360 27,380 +10.9%
Debt Current (Q)
Show Business Segments breakouts
Company excluding Ford Credit · Operating Segments 3,591 1,712 +109.8%
Ford Credit · Operating Segments 53,281 48,853 +9.1%
Total Current Liabilities 114,988 103,403 +11.2%
Deferred Revenue (Current) 4,526 3,159 +43.3%
Current Portion of Long-Term Debt (Q)
Show Business Segments breakouts
Company excluding Ford Credit · Operating Segments 3,591 1,712 +109.8%
Ford Credit · Operating Segments 53,281 48,853 +9.1%
Non-Current Liabilities
Other Non-Current Liabilities 30,242 28,289 +6.9%
Long Term Debt And Capital Lease Obligations (Q)
Show Business Segments breakouts
Company excluding Ford Credit · Operating Segments 16,742 18,694 -10.4%
Ford Credit · Operating Segments 32,615 31,897 +2.3%
Ford Credit · Operating Segments 52,005 51,232 +1.5%
Ford Credit · Operating Segments 84,113 81,642 +3.0%
Deferred Tax Liabilities Other 1,559 963 +61.9%
Total Liabilities 247,644 232,991 +6.3%
Long-Term Debt (Q)
Show Business Segments breakouts
Company excluding Ford Credit · Operating Segments 16,742 18,694 -10.4%
Ford Credit · Operating Segments 84,113 81,642 +3.0%
Operating Lease Liabilities 1,928 1,489 +29.5%
Contract With Customer Liability Noncurrent 5,090 4,899 +3.9%
Stockholders' Equity
Common Stock (Q)
Show Statement Class Of Stock breakouts
Common Class B 1 1 0.0%
Common Stock 41 41 0.0%
Additional Paid In Capital Common Stock 23,715 23,270 +1.9%
Retained Earnings 32,352 32,240 +0.3%
Accumulated Other Comprehensive Income -8,242 -9,357 +11.9%
Show Consolidated Entities breakouts
Parent Company -8,242 -9,357 +11.9%
Treasury Stock Value -2,810 -2,628 -6.9%
Total Stockholders' Equity 45,057 43,567 +3.4%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -8,242 -9,357 +11.9%
Additional Paid In Capital 23,715 23,270 +1.9%
Common Stock 42 42 0.0%
Retained Earnings 32,352 32,240 +0.3%
Treasury Stock Common -2,810 -2,628 -6.9%
Minority Interest 24 28 -14.3%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 45,081 43,595 +3.4%
Total Liabilities & Equity 292,725 276,586 +5.8%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation & Amortization 3,747 3,795 -1.3%
Show Business Segments breakouts
Ford Blue · Operating Segments 1,493 1,479 +0.9%
Ford Credit · Operating Segments 1,233 1,245 -1.0%
Ford Model e · Operating Segments 292 295 -1.0%
Ford Pro · Operating Segments 697 716 -2.7%
Show Consolidation Items breakouts
Intersegment Elimination 32 60 -46.7%
Stock-Based Compensation 275 275 0.0%
Deferred Income Taxes 212 206 +2.9%
Net Cash from Operations 9,996 6,893 +45.0%
Investing Activities
Other Investing Activities 180 62 +190.3%
Net Cash from Investing -3,011 -11,921 +74.7%
Financing Activities
Amortization of Financing Costs (YTD)
Show Business Segments breakouts
Company excluding Ford Credit · Zero Percent Convertible Senior Notes Due 2026 3 3 0.0%
Net Cash from Financing -7,408 384 -2029.2%
Other Cash Flow
Net Change in Cash 60 -4,884 +101.2%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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