Ford Motor(US:F)2025-10-23 20:08Financial Performance - Ford reported third-quarter 2025 revenue of $50.5 billion, a 9% increase year-over-year, with net income of $2.4 billion[6]. - Adjusted EBIT for the third quarter was $2.6 billion, reflecting a $0.7 billion adverse net tariff-related impact[5]. - Cash flow from operations was $7.4 billion, and adjusted free cash flow was $4.3 billion for the third quarter[6]. - Ford anticipates full-year 2025 adjusted EBIT guidance of $6.0 billion to $6.5 billion and adjusted free cash flow of $2.0 billion to $3.0 billion[5]. - Total revenues for the third quarter of 2024 were $46,196 million, an increase from $50,534 million in 2025[27]. - Net income attributable to Ford Motor Company for the third quarter of 2024 was $892 million, compared to $2,447 million in 2025[27]. - Operating income for the first nine months of 2024 was $3,988 million, down from $2,388 million in 2025[27]. - Cash flows from operating activities for the first nine months of 2024 were $12,395 million, compared to $17,398 million in 2025[31]. - Revenues for the third quarter ended September 30, 2025, were $47,185 million, with consolidated revenues totaling $50,534 million[32]. - Net income attributable to Ford Motor Company for the third quarter was $1,881 million, contributing to a consolidated net income of $2,448 million[32]. - Operating income for the first nine months was $2,388 million, with consolidated revenues of $141,377 million[32]. - Company reported a net income attributable to Ford of $892 million for Q3 2024, compared to $2,447 million in Q3 2025, reflecting a decrease of approximately 63.5%[36]. - Adjusted EBIT for Q3 2024 was $2,550 million, while for Q3 2025 it was $2,586 million, indicating a slight increase of 1.4%[36]. - Revenue for Q3 2024 was $46.2 billion, increasing to $50.5 billion in Q3 2025, representing a growth of 5.0%[36]. - Adjusted earnings per share (EPS) for Q3 2024 was $0.49, compared to $0.45 in Q3 2025, showing a decline of 8.2%[36]. - The effective tax rate for Q3 2025 was reported at 3.0%, while the adjusted effective tax rate was 19.8%[37]. - Company adjusted free cash flow for the first nine months of 2025 was $5,657 million, compared to $5,945 million in the same period of 2024, a decrease of 4.8%[37]. - Adjusted net income for Q3 2024 was $1,958 million, while for Q3 2025 it was $1,820 million, reflecting a decrease of 7.1%[36]. Segment Performance - Ford Pro segment generated $2 billion in EBIT on $17.4 billion in revenue, with paid software subscriptions growing 8% sequentially[10]. - Ford Model e reported a third-quarter EBIT loss of $1.4 billion, driven by new product launches in Europe[10]. - Ford Blue segment achieved $1.5 billion in EBIT, with revenue growth outpacing wholesale unit growth[10]. Job Creation and Production - Ford plans to create up to 1,000 jobs to increase F-Series production volume in response to strong customer demand[12]. Assets and Liabilities - Total assets as of September 30, 2025, were $300,990 million, up from $285,196 million as of December 31, 2024[29]. - Total liabilities increased to $253,573 million as of September 30, 2025, from $240,338 million as of December 31, 2024[29]. - Ford's total current liabilities increased to $116,648 million as of September 30, 2025, from $106,859 million[29]. - Total assets as of September 30, 2024, were $158.292 billion, expected to increase to $161.334 billion by September 30, 2025, a growth of 1.3%[43]. - The total liabilities for the company as of September 30, 2024, were $144.535 billion, projected to increase to $146.617 billion in 2025, reflecting a rise of 1.4%[43]. Cash and Capital Management - Ford's cash and cash equivalents at the end of the period were $26,788 million, compared to $22,935 million at the beginning of the year[29]. - Cash payments for dividends and dividend equivalents totaled $2,390 million during the first nine months[34]. - Capital spending for the first nine months was $6,031 million, reflecting ongoing investment in operations[34]. - The company had cash and cash equivalents of $26,788 million as of September 30, 2025[33]. - Interest expense on company debt excluding Ford Credit was $321 million for the third quarter[32]. Special Items and Adjustments - The company reported a total EBIT special items loss of $2.3 billion for the first nine months of 2024, expected to decrease to $1.9 billion in 2025[39]. - Special items pre-tax for Q3 2024 amounted to $(1,409) million, while for Q3 2025 it was $(447) million, indicating a reduction in special items[36]. Investment and Returns - The company's invested capital at the end of Q3 2024 was $70.8 billion, expected to rise to $73.2 billion by Q3 2025, reflecting a growth of 5.7%[38]. - The adjusted return on invested capital (ROIC) for Q3 2024 was 11.4%, projected to decrease to 10.1% by Q3 2025[38]. - Total financing revenue for the first nine months of 2024 was $9.522 billion, expected to increase to $10.270 billion in 2025, representing a growth of 7.8%[41]. - Net income for the first nine months of 2024 was $982 million, projected to rise to $1.533 billion in 2025, indicating an increase of 56.2%[45]. - Cash flows from operating activities for the first nine months of 2024 were $2.032 billion, projected to increase to $2.899 billion in 2025, indicating a growth of 42.7%[45].