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Ford Motor Company (F-1.01%) has submitted its annual report on Form 10-K for the fiscal year ended December 31, 2024 filing.
The report includes financial statements showing a net income attributable to Ford Motor Company of $5,879 million for the year, compared to $4,347 million in the previous year.
Ford's revenue for 2024 was $184,992 million, an increase from $176,191 million in 2023. The increase was driven by higher sales in the Ford Pro segment.
Ford Blue segment reported an EBIT of $5,284 million, down from $7,462 million in 2023, primarily due to unfavorable exchange rates and increased warranty costs.
Ford Model e segment reported an EBIT loss of $5,076 million, compared to a loss of $4,701 million in 2023, reflecting lower net pricing and increased material costs.
Ford Pro segment reported an EBIT of $9,015 million, up from $7,222 million in 2023, driven by higher sales of Super Duty and Transit vehicles.
Ford Credit's EBT for 2024 was $1,654 million, an increase from $1,331 million in 2023, due to higher financing margins and favorable volume and mix.
The company's total liquidity at the end of 2024 was $46.7 billion, with Company cash of $28.5 billion.
Ford's pension plans were underfunded by $0.5 billion at the end of 2024, an improvement from the previous year.
The company announced a regular dividend of $0.15 per share and a supplemental dividend of $0.15 per share for the first quarter of 2025.
Ford's outlook for 2025 includes adjusted EBIT guidance of $7.0 billion to $8.5 billion and adjusted free cash flow of $3.5 billion to $4.5 billion.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Ford Motor Company annual 10-K report dated February 6, 2025. To report an error, please email earnings@qz.com.