83 unchanged sentences
Net Income/(Loss) Reconciliation to Adjusted EBIT ($M)
−Removed: First Quarter
+Added: Second Quarter First Half
+Added: 2023 2024 2023 2024
Net income/(loss) attributable to Ford (GAAP) $ 1,917 $ 1,831 $ 3,674 $ 3,163
11 unchanged sentences
Earnings per Share Reconciliation to Adjusted Earnings per Share
−Removed: First Quarter
+Added: Second Quarter First Half
+Added: 2023 2024 2023 2024
Diluted After-Tax Results ($M)
Diluted after-tax results (GAAP) $ 1,917 $ 1,831 $ 3,674 $ 3,163
−Removed: Impact of pre-tax and tax special items (768) (653)
+Added: Impact of pre-tax and tax special items (a) (1,012) (79) (1,722) (732)
Adjusted net income/(loss) – diluted (Non-GAAP) $ 2,929 $ 1,910 $ 5,396 $ 3,895
6 unchanged sentences
Adjusted earnings/(loss) per share – diluted (Non-GAAP) $ 0.72 $ 0.47 $ 1.34 $ 0.97
+Added: (a) Includes adjustment for noncontrolling interest in the second quarter and first half of 2023.
Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
Effective Tax Rate Reconciliation to Adjusted Effective Tax Rate
−Removed: First Quarter
+Added: Second Quarter First Half
2023 2024 2023 2024 Memo:
12 unchanged sentences
Net Cash Provided by/(Used in) Operating Activities Reconciliation to Company Adjusted Free Cash Flow ($M)
−Removed: First Quarter
+Added: Second Quarter First Half
+Added: 2023 2024 2023 2024
Net cash provided by/(used in) operating activities (GAAP) $ 5,035 $ 5,508 $ 7,835 $ 6,893
4 unchanged sentences
Ford Credit tax payments/(refunds) under tax sharing agreement — — (5) (33)
−Removed: Other, net (b) (140) (608)
+Added: Other, net (73) 4 (213) (605)
Items included in Company Adjusted Free Cash Flows
4 unchanged sentences
(a) Restructuring excludes cash flows reported in investing activities.
−Removed: (b) First quarter 2024 includes a $365 million settlement payment for the Transit Connect customs matter.
Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
6 unchanged sentences
The following table provides supplemental income statement information (in millions):
−Removed: For the period ended March 31, 2024
−Removed: First Quarter
+Added: For the period ended June 30, 2024
+Added: Second Quarter
Company excluding Ford Credit Ford Credit Consolidated
10 unchanged sentences
Net income/(loss) attributable to Ford Motor Company $ 1,576 $ 255 $ 1,831
+Added: For the period ended June 30, 2024
+Added: Company excluding Ford Credit Ford Credit Consolidated
+Added: Revenues $ 84,701 $ 5,884 $ 90,585
+Added: Total costs and expenses 82,019 5,458 87,477
+Added: Operating income/(loss) 2,682 426 3,108
+Added: Interest expense on Company debt excluding Ford Credit 548 — 548
+Added: Other income/(loss), net 901 225 1,126
+Added: Equity in net income/(loss) of affiliated companies 346 18 364
+Added: Income/(Loss) before income taxes 3,381 669 4,050
+Added: Provision for/(Benefit from) income taxes 703 180 883
+Added: Net income/(loss) 2,678 489 3,167
+Added: Income/(Loss) attributable to noncontrolling interests 4 — 4
+Added: Net income/(loss) attributable to Ford Motor Company $ 2,674 $ 489 $ 3,163
Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued)
1 unchanged sentence
The following tables provide supplemental balance sheet information (in millions):
−Removed: March 31, 2024
+Added: June 30, 2024
Assets Company excluding Ford Credit Ford Credit Eliminations Consolidated
28 unchanged sentences
The following tables provide supplemental cash flow information (in millions):
−Removed: For the period ended March 31, 2024
−Removed: First Three Months
+Added: For the period ended June 30, 2024
Cash flows from operating activities Company excluding Ford Credit Ford Credit Eliminations Consolidated
40 unchanged sentences
Selected Other Information.
−Removed: At March 31, 2024, total equity attributable to Ford was $42.9 billion, an increase of $0.1 billion compared with December 31, 2023.
+Added: At June 30, 2024, total equity attributable to Ford was $43.6 billion, an increase of $0.8 billion compared with December 31, 2023.
The detail for this change is shown below (in billions):
4 unchanged sentences
Sales by Type.
−Removed: The following table shows first quarter 2024 U.S.
+Added: The following table shows second quarter 2024 U.S.
sales volume and U.S.
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.