Ford Motor Co.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Ford Motor Co. reported revenue of $187.3B (+1.2% year on year) and net income of ($8.2B) (-239.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues (Note 4) | $187.3B | $185.0B | $176.2B | $158.1B |
| Cost of sales (Note 13) | $174.5B | $158.4B | $150.6B | $134.4B |
| Selling, administrative, and other expenses | $10.8B | $10.3B | $10.7B | $10.9B |
| Ford Credit interest, operating, and other expenses | $11.1B | $11.1B | $9.5B | $6.5B |
| Total costs and expenses | $196.4B | $179.8B | $170.7B | $151.8B |
| Operating income/(loss) | ($9.2B) | $5.2B | $5.5B | $6.3B |
| Interest expense on Company debt excluding Ford Credit | $1.3B | — | — | — |
| Other income/(loss), net (Note 5) | $1.7B | $2.5B | ($603.0M) | ($5.2B) |
| Equity in net income/(loss) of affiliated companies (Note 14 and Note 23) | ($3.2B) | $678.0M | $414.0M | ($2.9B) |
| Income/(Loss) before income taxes | ($11.8B) | $7.2B | $4.0B | ($3.0B) |
| Provision for/(Benefit from) income taxes (Note 7) | ($3.7B) | $1.3B | ($362.0M) | ($864.0M) |
| Net income/(loss) | ($8.2B) | $5.9B | $4.3B | ($2.2B) |
| Less: Income/(Loss) attributable to noncontrolling interests | $20.0M | $15.0M | ($18.0M) | ($171.0M) |
| Net income/(loss) attributable to Ford Motor Company | ($8.2B) | $5.9B | $4.3B | ($2.0B) |
| Basic income/(loss) (in dollars per share) | -$2.06 | $1.48 | $1.09 | -$0.49 |
| Diluted income/(loss) (in dollars per share) | -$2.06 | $1.46 | $1.08 | -$0.49 |
| Basic shares (in shares) | 4.0B | 4.0B | 4.0B | 4.0B |
| Diluted shares (in shares) | 4.0B | 4.0B | 4.0B | 4.0B |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenues (Note 3) | $48.3B | $43.3B | $50.5B | $50.2B |
| Cost of sales | $42.2B | $35.3B | $43.4B | $44.2B |
| Selling, administrative, and other expenses | $2.7B | $2.8B | $2.7B | $2.7B |
| Ford Credit interest, operating, and other expenses | $2.8B | $2.8B | $2.8B | $2.7B |
| Total costs and expenses | $47.7B | $40.9B | $49.0B | $49.7B |
| Operating income/(loss) | $638.0M | $2.3B | $1.6B | $511.0M |
| Interest expense on Company debt excluding Ford Credit | $357.0M | $350.0M | $321.0M | $297.0M |
| Other income/(loss), net (Note 4) | $449.0M | $773.0M | $560.0M | $577.0M |
| Equity in net income/(loss) of affiliated companies | ($2.8B) | $160.0M | $21.0M | ($250.0M) |
| Income/(Loss) before income taxes | ($2.0B) | $2.9B | $1.8B | $541.0M |
| Provision for/(Benefit from) income taxes | ($711.0M) | $361.0M | ($630.0M) | $570.0M |
| Net income/(loss) | ($1.3B) | $2.6B | $2.4B | ($29.0M) |
| Less: Income/(Loss) attributable to noncontrolling interests | $5.0M | $3.0M | $1.0M | $7.0M |
| Net income/(loss) attributable to Ford Motor Company | ($1.3B) | $2.5B | $2.4B | ($36.0M) |
| Basic income/(loss) (in dollars per share) | -$0.33 | $0.64 | $0.61 | -$0.01 |
| Diluted income/(loss) (in dollars per share) | -$0.33 | $0.63 | $0.60 | -$0.01 |
| Basic shares (in shares) | 4.0B | 4.0B | 4.0B | 4.0B |
| Diluted shares (in shares) | 4.0B | 4.1B | 4.0B | 4.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents (Note 9) | $23.4B | $22.9B | $24.9B | $25.1B |
| Marketable securities (Note 9) | $15.1B | $15.4B | $15.3B | $18.9B |
| Ford Credit finance receivables, net of allowance for credit losses of $247 and $261 (Note 10) | $49.1B | $51.9B | $46.4B | $38.7B |
| Trade and other receivables, less allowances of $84 and $108 | $15.4B | $14.7B | $15.6B | $15.7B |
| Inventories (Note 11) | $15.3B | $15.0B | $15.7B | $14.1B |
| Other assets | $5.2B | $4.6B | $3.6B | $3.8B |
| Total current assets | $123.5B | $124.5B | $121.5B | $116.5B |
| Ford Credit finance receivables, net of allowance for credit losses of $617 and $650 (Note 10) | $61.4B | $59.8B | $55.6B | $49.9B |
| Net investment in operating leases (Note 12) | $28.5B | — | — | — |
| Net property (Note 13) | $37.3B | $41.9B | $40.8B | $37.3B |
| Equity in net assets of affiliated companies (Note 14 and Note 23) | $2.8B | $6.8B | $5.5B | $2.8B |
| Deferred income taxes (Note 7) | $22.0B | $16.4B | $17.0B | $15.6B |
| Other assets | $13.7B | $12.9B | $11.4B | $11.1B |
| Total assets | $289.2B | $285.2B | $273.3B | $255.9B |
| Payables | $25.8B | $24.1B | $26.0B | $25.6B |
| Other liabilities and deferred revenue (Note 15 and Note 24) | $31.8B | $27.8B | $25.9B | $21.1B |
| Debt payable within one year (Note 18) | $57.3B | — | — | — |
| Total current liabilities | $114.9B | $106.9B | $101.5B | $96.9B |
| Other liabilities and deferred revenue (Note 15 and Note 24) | $30.9B | $28.8B | $28.4B | $25.5B |
| Long-term debt (Note 18) | $106.0B | — | — | — |
| Deferred income taxes (Note 7) | $1.4B | $1.1B | $1.0B | $1.5B |
| Total liabilities | $253.2B | $240.3B | $230.5B | $212.7B |
| Common stock, value | $42.0M | $42.0M | $42.0M | $42.0M |
| Capital in excess of par value of stock | $23.9B | $23.5B | $23.1B | $22.8B |
| Retained earnings | $22.5B | $33.7B | $31.0B | $31.8B |
| Accumulated other comprehensive income/(loss) (Note 22) | ($7.7B) | ($9.6B) | ($9.0B) | ($9.3B) |
| Treasury stock | ($2.8B) | ($2.8B) | ($2.4B) | ($2.0B) |
| Total equity attributable to Ford Motor Company | $36.0B | $44.8B | $42.8B | $43.2B |
| Equity attributable to noncontrolling interests | $28.0M | $23.0M | $25.0M | ($75.0M) |
| Total equity | $36.0B | $44.9B | $42.8B | $43.2B |
| Total liabilities and equity | $289.2B | $285.2B | $273.3B | $255.9B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents (Note 7) | $18.6B | $17.6B | $26.8B | $23.0B |
| Marketable securities (Note 7) | $12.7B | $12.8B | $15.4B | $14.5B |
| Ford Credit finance receivables, net of allowance for credit losses of $261 and $286 (Note 8) | $45.5B | $46.2B | $48.2B | $47.6B |
| Trade and other receivables, less allowances of $108 and $99 | $17.9B | $17.2B | $19.2B | $19.7B |
| Inventories (Note 9) | $16.9B | $16.5B | $16.5B | $17.3B |
| Other assets | $5.9B | $5.9B | $4.6B | $4.5B |
| Total current assets | $117.5B | $116.3B | $130.7B | $126.6B |
| Ford Credit finance receivables, net of allowance for credit losses of $650 and $682 (Note 8) | $59.4B | $60.3B | $60.1B | $59.9B |
| Net investment in operating leases | $29.3B | $29.0B | $27.0B | $25.3B |
| Net property | $40.0B | $38.1B | $44.7B | $43.9B |
| Equity in net assets of affiliated companies | $2.8B | $2.7B | $5.4B | $5.0B |
| Deferred income taxes | $23.1B | $22.3B | $18.2B | $17.3B |
| Other assets | $13.5B | $13.7B | $14.8B | $14.7B |
| Total assets | $285.5B | $282.4B | $301.0B | $292.7B |
| Payables | $27.0B | $26.0B | $27.9B | $27.8B |
| Other liabilities and deferred revenue (Note 10 and Note 17) | $29.6B | $29.8B | $31.2B | $30.4B |
| Debt payable within one year (Note 12) | $51.3B | $50.8B | $57.6B | — |
| Total current liabilities | $107.9B | $106.7B | $116.6B | $115.0B |
| Other liabilities and deferred revenue (Note 10 and Note 17) | $30.6B | $30.2B | $31.0B | $30.2B |
| Long-term debt (Note 12) | $109.6B | $106.3B | $104.3B | — |
| Deferred income taxes | $1.6B | $1.8B | $1.7B | — |
| Total liabilities | $249.8B | $244.9B | $253.6B | $247.6B |
| Common stock, value | $43.0M | $43.0M | $42.0M | $42.0M |
| Capital in excess of par value of stock | $24.0B | $23.9B | $23.8B | $23.7B |
| Retained earnings | $22.5B | $24.4B | $34.2B | $32.4B |
| Accumulated other comprehensive income/(loss) (Note 15) | ($7.8B) | ($7.9B) | ($7.9B) | ($8.2B) |
| Treasury stock | ($3.0B) | ($3.0B) | ($2.8B) | ($2.8B) |
| Total equity attributable to Ford Motor Company | $35.7B | $37.5B | $47.4B | $45.1B |
| Equity attributable to noncontrolling interests | $36.0M | $31.0M | $25.0M | $24.0M |
| Total equity | $35.8B | $37.5B | $47.4B | $45.1B |
| Total liabilities and equity | $285.5B | $282.4B | $301.0B | $292.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income/(loss) | ($8.2B) | $5.9B | $4.3B | ($2.2B) |
| Depreciation and tooling amortization (Note 12 and Note 13) | $7.8B | $7.6B | $7.7B | $7.6B |
| Other amortization | ($1.8B) | ($1.7B) | ($1.2B) | ($1.1B) |
| EV asset impairment/program cancellation asset write-downs (including depreciation of $8,140) (Note 13) | $9.4B | — | — | — |
| Provision for credit and insurance losses | $616.0M | $575.0M | $438.0M | $46.0M |
| Pension and other postretirement employee benefits (“OPEB”) expense/(income) (Note 16) | $1.1B | $149.0M | $3.1B | ($378.0M) |
| Equity method investment (earnings)/losses and impairments in excess of dividends received (Note 14 and Note 23) | $3.6B | ($287.0M) | ($33.0M) | $3.3B |
| Foreign currency adjustments | ($87.0M) | $227.0M | ($234.0M) | ($27.0M) |
| Net realized and unrealized (gains)/losses on cash equivalents, marketable securities, and other investments (Note 5) | ($346.0M) | $42.0M | $205.0M | $7.5B |
| Stock compensation (Note 6) | $510.0M | $511.0M | $460.0M | $336.0M |
| Provision for/(Benefit from) deferred income taxes | ($4.5B) | $350.0M | ($1.6B) | ($1.9B) |
| Decrease/(Increase) in finance receivables (wholesale and other) | $5.0B | ($4.3B) | ($4.8B) | ($10.6B) |
| Decrease/(Increase) in accounts receivable and other assets | ($2.8B) | ($2.5B) | ($2.6B) | ($1.2B) |
| Decrease/(Increase) in inventory | $539.0M | $27.0M | ($1.2B) | ($2.6B) |
| Increase/(Decrease) in accounts payable and accrued and other liabilities | $10.1B | $8.4B | $9.8B | $7.3B |
| Other | $380.0M | $439.0M | $673.0M | $436.0M |
| Net cash provided by/(used in) operating activities | $21.3B | $15.4B | $14.9B | $6.9B |
| Capital spending | ($8.8B) | ($8.7B) | ($8.2B) | ($6.9B) |
| Acquisitions of finance receivables and operating leases | ($55.7B) | ($59.7B) | ($54.5B) | ($45.5B) |
| Collections of finance receivables and operating leases | $45.7B | $45.2B | $44.6B | $46.3B |
| Purchases of marketable securities and other investments | ($9.5B) | ($12.3B) | ($8.6B) | ($17.5B) |
| Sales and maturities of marketable securities and other investments | $10.1B | $12.3B | $12.7B | $19.1B |
| Settlements of derivatives | ($443.0M) | ($268.0M) | ($138.0M) | $94.0M |
| Capital contributions to equity method investments (Note 23) | ($1.2B) | ($2.3B) | ($2.7B) | ($738.0M) |
| Returns of capital from equity method investments (Note 23) | $1.7B | $1.5B | — | — |
| Other | $110.0M | ($45.0M) | ($687.0M) | $312.0M |
| Net cash provided by/(used in) investing activities | ($18.0B) | ($24.4B) | ($17.6B) | ($4.3B) |
| Cash payments for dividends and dividend equivalents | ($3.0B) | ($3.1B) | ($5.0B) | ($2.0B) |
| Purchases of common stock | $0 | ($426.0M) | ($335.0M) | ($484.0M) |
| Net changes in short-term debt | $654.0M | ($276.0M) | ($1.5B) | $5.5B |
| Proceeds from issuance of long-term debt | $49.7B | $57.3B | $51.7B | $45.5B |
| Payments of long-term debt | ($50.3B) | ($45.7B) | ($42.0B) | ($45.7B) |
| Other | ($255.0M) | ($327.0M) | ($241.0M) | ($271.0M) |
| Net cash provided by/(used in) financing activities | ($3.2B) | $7.5B | $2.6B | $2.5B |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | $532.0M | — | — | — |
| Net increase/(decrease) in cash, cash equivalents, and restricted cash | $560.0M | ($1.9B) | ($230.0M) | $4.6B |
| Cash, cash equivalents, and restricted cash at beginning of period (Note 9) | $23.2B | $23.2B | $25.1B | $25.3B |
| Cash, cash equivalents, and restricted cash at end of period (Note 9) | $23.8B | $23.2B | $25.1B | $25.3B |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income/(loss) | $1.2B | $2.6B | $2.9B | $444.0M |
| Depreciation and tooling amortization | $3.7B | $1.9B | $5.7B | $3.7B |
| Other amortization | ($891.0M) | ($458.0M) | ($1.4B) | ($929.0M) |
| Disposition of investment in BOSK non-cash charges (Note 16) | $2.9B | — | — | — |
| Provision for credit and insurance losses | $359.0M | $173.0M | $477.0M | $323.0M |
| Pension and other postretirement employee benefits (“OPEB”) expense/(income) (Note 11) | ($27.0M) | ($136.0M) | $277.0M | $187.0M |
| Equity method investment (earnings)/losses and impairments in excess of dividends received | ($107.0M) | ($28.0M) | $312.0M | $261.0M |
| Foreign currency adjustments | ($224.0M) | ($104.0M) | ($2.0M) | $62.0M |
| Net realized and unrealized (gains)/losses on cash equivalents, marketable securities, and other investments (Note 4) | ($4.0M) | ($6.0M) | ($63.0M) | — |
| Stock compensation | $211.0M | $110.0M | $409.0M | $275.0M |
| Provision for/(Benefit from) deferred income taxes | ($881.0M) | $64.0M | ($521.0M) | $212.0M |
| Decrease/(Increase) in finance receivables (wholesale and other) | $1.2B | $1.2B | $2.6B | $2.9B |
| Decrease/(Increase) in accounts receivable and other assets | ($1.2B) | ($1.5B) | ($3.7B) | ($3.5B) |
| Decrease/(Increase) in inventory | ($1.7B) | ($1.4B) | ($705.0M) | ($1.5B) |
| Increase/(Decrease) in accounts payable and accrued and other liabilities | $577.0M | ($1.2B) | $10.6B | $7.3B |
| Other | $486.0M | $196.0M | $423.0M | $213.0M |
| Net cash provided by/(used in) operating activities | $5.7B | $1.3B | $17.4B | $10.0B |
| Capital spending | ($4.8B) | ($2.4B) | ($6.0B) | ($3.9B) |
| Acquisitions of finance receivables and operating leases | ($25.2B) | ($12.1B) | ($40.0B) | ($24.4B) |
| Collections of finance receivables and operating leases | $23.6B | $11.4B | $34.3B | $22.5B |
| Purchases of marketable securities and other investments | ($3.1B) | ($1.7B) | ($7.2B) | ($4.4B) |
| Sales and maturities of marketable securities and other investments | $5.4B | $4.0B | $7.5B | $5.6B |
| Settlements of derivatives | $83.0M | $34.0M | ($341.0M) | ($104.0M) |
| Returns of capital from equity method investments (Note 16) | $0 | $0 | $1.7B | $1.7B |
| Other | ($43.0M) | ($12.0M) | $150.0M | $180.0M |
| Net cash provided by/(used in) investing activities | ($4.0B) | ($771.0M) | ($10.4B) | ($3.0B) |
| Cash payments for dividends and dividend equivalents | ($1.2B) | ($607.0M) | ($2.4B) | ($1.8B) |
| Purchases of common stock | ($311.0M) | ($311.0M) | $0 | $0 |
| Net changes in short-term debt | ($1.8B) | ($2.1B) | ($406.0M) | ($1.1B) |
| Proceeds from issuance of long-term debt | $24.5B | $12.6B | $37.0B | $20.5B |
| Payments of long-term debt | ($27.4B) | ($15.6B) | ($37.5B) | ($24.8B) |
| Other | ($198.0M) | ($156.0M) | ($200.0M) | ($146.0M) |
| Net cash provided by/(used in) financing activities | ($6.4B) | ($6.2B) | ($3.6B) | ($7.4B) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ($127.0M) | ($120.0M) | $442.0M | $483.0M |
| Net increase/(decrease) in cash, cash equivalents, and restricted cash | ($4.9B) | ($5.7B) | $3.9B | $60.0M |
| Cash, cash equivalents, and restricted cash at beginning of period (Note 7) | $23.8B | $23.8B | $23.2B | $23.2B |
| Cash, cash equivalents, and restricted cash at end of period (Note 7) | $18.9B | $18.0B | $27.1B | $23.3B |
Ford Motor Co. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.