Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Ford Motor Co., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Company revenues excluding Ford Credit	43,069)	44,811)	39,890)	43,213)	41,176)	42,427)	39,085)	41,745)	37,205)	37,934)	32,195)	35,305)	33,249)	24,149)	33,565)	33,229)	34,727)	16,632)	31,353)	36,686)	33,945)	35,764)	37,245)
Cost of sales	(40,168)	(40,489)	(36,476)	(40,862)	(37,548)	(37,471)	(34,669)	(37,816)	(34,354)	(33,191)	(29,036)	(32,393)	(30,057)	(22,904)	(29,297)	(33,075)	(31,223)	(17,932)	(30,522)	(34,812)	(32,282)	(33,657)	(33,942)
Gross profit (loss)	2,901)	4,322)	3,414)	2,351)	3,628)	4,956)	4,416)	3,929)	2,851)	4,743)	3,159)	2,912)	3,192)	1,245)	4,268)	154)	3,504)	(1,300)	831)	1,874)	1,663)	2,107)	3,303)
Ford Credit revenues	3,127)	2,997)	2,887)	2,749)	2,625)	2,527)	2,389)	2,254)	2,187)	2,256)	2,281)	2,373)	2,434)	2,603)	2,663)	2,723)	2,774)	2,739)	2,967)	3,029)	3,045)	3,089)	3,097)
Selling, administrative, and other expenses	(2,456)	(2,678)	(2,376)	(2,775)	(2,671)	(2,750)	(2,506)	(2,542)	(2,847)	(2,759)	(2,740)	(3,248)	(2,947)	(2,877)	(2,843)	(3,530)	(2,266)	(1,965)	(2,432)	(2,992)	(2,601)	(2,725)	(2,843)
Ford Credit interest, operating, and other expenses	(2,692)	(2,758)	(2,700)	(2,570)	(2,453)	(2,272)	(2,186)	(2,080)	(1,687)	(1,372)	(1,357)	(1,298)	(1,337)	(993)	(1,624)	(1,789)	(1,661)	(2,233)	(2,924)	(2,368)	(2,368)	(2,381)	(2,355)
Operating income (loss)	880)	1,883)	1,225)	(245)	1,129)	2,461)	2,113)	1,561)	504)	2,868)	1,343)	739)	1,342)	(22)	2,464)	(2,442)	2,351)	(2,759)	(1,558)	(457)	(261)	90)	1,202)
Interest expense on Company debt excluding Ford Credit	(272)	(270)	(278)	(366)	(324)	(304)	(308)	(318)	(321)	(312)	(308)	(438)	(439)	(453)	(473)	(474)	(498)	(450)	(227)	(255)	(276)	(244)	(245)
Other income (loss), net	114)	628)	498)	(1,401)	319)	255)	224)	205)	1,318)	(1,823)	(4,850)	10,850)	852)	1,159)	1,872)	(944)	845)	4,318)	680)	(1,660)	534)	272)	628)
Equity in net income (loss) of affiliated companies	147)	197)	167)	145)	263)	(124)	130)	(282)	(2,626)	58)	(33)	67)	130)	51)	79)	50)	58)	(25)	(41)	(64)	(16)	87)	25)
Income (loss) before income taxes	869)	2,438)	1,612)	(1,867)	1,387)	2,288)	2,159)	1,166)	(1,125)	791)	(3,848)	11,218)	1,885)	735)	3,942)	(3,810)	2,756)	1,084)	(1,146)	(2,436)	(19)	205)	1,610)
(Provision for) benefit from income taxes	27)	(605)	(278)	1,344)	(214)	(272)	(496)	93)	195)	(153)	729)	1,055)	(63)	(182)	(680)	1,019)	(366)	34)	(847)	764)	442)	(55)	(427)
Net income (loss)	896)	1,833)	1,334)	(523)	1,173)	2,016)	1,663)	1,259)	(930)	638)	(3,119)	12,273)	1,822)	553)	3,262)	(2,791)	2,390)	1,118)	(1,993)	(1,672)	423)	150)	1,183)
(Income) loss attributable to noncontrolling interests	(4)	(2)	(2)	(3)	26)	(99)	94)	30)	103)	29)	9)	9)	10)	8)	—)	3)	(5)	(1)	—)	—)	2)	(2)	(37)
Net income (loss) attributable to Ford Motor Company	892)	1,831)	1,332)	(526)	1,199)	1,917)	1,757)	1,289)	(827)	667)	(3,110)	12,282)	1,832)	561)	3,262)	(2,788)	2,385)	1,117)	(1,993)	(1,672)	425)	148)	1,146)

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Income statement item	Description	The company
Company revenues excluding Ford Credit	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Ford Motor Co. company revenues excluding Ford Credit increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Ford Motor Co. operating income (loss) increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Ford Motor Co. income (loss) before income taxes increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Net income (loss) attributable to Ford Motor Company	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Ford Motor Co. net income (loss) attributable to Ford Motor Company increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.

Ford Motor Co. (NYSE:F)

Income StatementQuarterly Data

Income Statement
Quarterly Data