Financial Statement Analysis of Ford

Introduction: Ford Motor Company is majorly in the manufacturing business of automotive products and services business. Ford is also into the business of financing. The automotive and financial services are the two main segments of Ford. Their automotive operation includes Forth South America, Ford North America, Ford Asia Pacific Africa, Volvo and Ford Europe. The Ford Financial Services includes Ford Motor Credit Company. 1. An analysis and evaluation of the data available in the Ford’s annual reports: In this evaluation, we consider Ford’s annual reports for the year 2007, 2008, and 2009.

|Financial data in U. S. Dollars | |Values in Millions (Except for per share items) | | |2009 |2008 |2007 | |Period End Date |12/31/2009 |12/31/2008 |12/31/2007 | |Period Length |12 Months |12 Months |12 Months | |Stmt Source |8-K |8-K |8-K | |Stmt Source Date |05/07/2010 |05/07/2010 |05/07/2010 | |Stmt Update Type |Updated |Restated |Restated | | | | | | |Revenue |116,283. 0 |143,584. 0 |168,884. 0 | |Total Revenue |116,283. 0 |143,584. 0 |168,884. 0 | | | | | | |Cost of Revenue, Total |104,179. 0 |134,364. 0 |150,631. 0 | |Gross Profit |12,104. 0 |9,220. 0 |18,253.

0 | | | | | | |Selling/General/Administrative Expenses, Total |14,059. 0 |22,939. 0 |21,491. 0 | |Research & Development |0. 0 |0. 0 |0. 0 | |Depreciation/Amortization |0. 0 |0. 0 |0. 0 | |Interest Expense (Income), Net Operating |0. 0 |0. 0 |0. 0 | |Unusual Expense (Income) |0. 0 |0. 0 |2,400. 0 | |Other Operating Expenses, Total |0. 0 |0. 0 |0. 0 | |Operating Income |-3,432. 0 |-15,712. 0 |-7,952. 0 | | | | | | |Interest Income (Expense), Net Non-Operating |0. 0 |0. 0 |0. 0 | |Gain (Loss) on Sale of Assets |9. 0 |-408. 0 |193. 0 | |Other, Net |5,125. 0 |531. 0 |-43.

0 | |Income Before Tax |2,599. 0 |-14,895. 0 |-4,286. 0 | | | | | | |Income Tax - Total |-113. 0 |-62. 0 |-1,467. 0 | |Income After Tax |2,712. 0 |-14,833. 0 |-2,819. 0 | | | | | | |Minority Interest |0. 0 |58. 0 |-17. 0 | |Equity In Affiliates |0. 0 |0. 0 |0. 0 | |U. S. GAAP Adjustment |0. 0 |0. 0 |0. 0 | |Net Income Before Extra. Items |2,712. 0 |-14,775. 0 |-2,836. 0 | | | | | | |[pic]Total Extraordinary Items |5. 0 |9. 0 |41. 0 | |Net Income |2,717. 0 |-14,766. 0 |-2,795. 0 | | | | | | | | | | | |[pic]Total Adjustments to Net Income |0. 0 |0. 0 |0.

0 | | | | | | |Basic Weighted Average Shares |2,992. 0 |2,273. 0 |1,979. 0 | |Basic EPS Excluding Extraordinary Items |0. 91 |-6. 5 |-1. 43 | |Basic EPS Including Extraordinary Items |0. 91 |-6. 5 |-1. 41 | | | | | | |Diluted Weighted Average Shares |3,312. 0 |2,273. 0 |1,979. 0 | |Diluted EPS Excluding Extrordinary Items |0. 86 |-6. 5 |-1. 43 | |Diluted EPS Including Extraordinary Items |0. 86 |-6. 5 |-1. 41 | | | | | | |Dividends per Share - Common Stock Primary Issue |0. 0 |0. 0 |0. 0 | |Gross Dividends - Common Stock |0. 0 |0. 0 |0. 0 | |Interest Expense, Supplemental |1,477.

0 |1,993. 0 |2,314. 0 | |Depreciation, Supplemental |7,667. 0 |12,536. 0 |12,820. 0 | | | | | | |Normalized EBITDA |5,798. 0 |-1,084. 0 |9,688. 0 | |Normalized EBIT |-1,955. 0 |-13,719. 0 |-3,238. 0 | |Normalized Income Before Tax |2,590. 0 |-14,487. 0 |-2,079. 0 | |Normalized Income After Taxes |2,706. 15 |-14,567. 8 |-1,384. 45 | |Normalized Income Available to Common |2,706. 15 |-14,509. 8 |-1,401. 45 | | | | | | |Basic Normalized EPS |0. 9 |-6. 38 |-0. 71 | |Diluted Normalized EPS |0. 86 |-6. 38 |-0. 71 | |Amortization of Intangibles |86. 0 |99. 0 |106. 0 |