Ford
How they make money
Ford develops, manufactures and sells trucks, sport utility vehicles, commercial vans and cars under the Ford and Lincoln brands, in gas-powered, hybrid and electric versions, together with service parts, accessories and connected services. Substantially all of its vehicles, parts and accessories are sold through dealerships, the substantial majority of which are independently owned, and it sells vehicles and fleet services to commercial, government and rental customers. Through Ford Credit it provides retail financing and leasing to vehicle buyers and wholesale loans to dealers financing their vehicle inventory.
As described in its 10-K for fiscal 2025.
At a glance
- Buybacks
- 3.1%crBuybacks as a share of free cash flowSEC EDGAR · CIK 00000379960000037996-13-000014 · FY2010 · period ended 2010-12-31 · filed 2013-02-19
PaymentsForRepurchaseOfCommonStock0001157523-11-001210 · FY2010 · period ended 2010-12-31 · filed 2011-02-28NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001157523-11-001210 · FY2010 · period ended 2010-12-31 · filed 2011-02-28PaymentsToAcquireProductiveAssets0000037996-13-000014 · FY2012 · period ended 2012-12-31 · filed 2013-02-19NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-13-000014 · FY2012 · period ended 2012-12-31 · filed 2013-02-19PaymentsForRepurchaseOfCommonStock0000037996-13-000014 · FY2012 · period ended 2012-12-31 · filed 2013-02-19PaymentsToAcquireProductiveAssets0000037996-14-000010 · FY2013 · period ended 2013-12-31 · filed 2014-02-18NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-14-000010 · FY2013 · period ended 2013-12-31 · filed 2014-02-18PaymentsForRepurchaseOfCommonStock0000037996-14-000010 · FY2013 · period ended 2013-12-31 · filed 2014-02-18PaymentsToAcquireProductiveAssets0000037996-15-000013 · FY2014 · period ended 2014-12-31 · filed 2015-02-13NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-15-000013 · FY2014 · period ended 2014-12-31 · filed 2015-02-13PaymentsForRepurchaseOfCommonStock0000037996-15-000013 · FY2014 · period ended 2014-12-31 · filed 2015-02-13PaymentsToAcquireProductiveAssets0000037996-16-000092 · FY2015 · period ended 2015-12-31 · filed 2016-02-11NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-16-000092 · FY2015 · period ended 2015-12-31 · filed 2016-02-11PaymentsForRepurchaseOfCommonStock0000037996-16-000092 · FY2015 · period ended 2015-12-31 · filed 2016-02-11PaymentsToAcquireProductiveAssets0000037996-17-000013 · FY2016 · period ended 2016-12-31 · filed 2017-02-09NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-17-000013 · FY2016 · period ended 2016-12-31 · filed 2017-02-09PaymentsForRepurchaseOfCommonStock0000037996-17-000013 · FY2016 · period ended 2016-12-31 · filed 2017-02-09PaymentsToAcquireProductiveAssets0000037996-18-000015 · FY2017 · period ended 2017-12-31 · filed 2018-02-08NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-18-000015 · FY2017 · period ended 2017-12-31 · filed 2018-02-08PaymentsForRepurchaseOfCommonStock0000037996-18-000015 · FY2017 · period ended 2017-12-31 · filed 2018-02-08PaymentsToAcquireProductiveAssets0000037996-19-000012 · FY2018 · period ended 2018-12-31 · filed 2019-02-21NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-19-000012 · FY2018 · period ended 2018-12-31 · filed 2019-02-21PaymentsForRepurchaseOfCommonStock0000037996-19-000012 · FY2018 · period ended 2018-12-31 · filed 2019-02-21PaymentsToAcquireProductiveAssets0000037996-20-000010 · FY2019 · period ended 2019-12-31 · filed 2020-02-05NetCashProvidedByUsedInOperatingActivities0000037996-20-000010 · FY2019 · period ended 2019-12-31 · filed 2020-02-05PaymentsForRepurchaseOfCommonStock0000037996-20-000010 · FY2019 · period ended 2019-12-31 · filed 2020-02-05PaymentsToAcquireProductiveAssets0000037996-21-000012 · FY2020 · period ended 2020-12-31 · filed 2021-02-05NetCashProvidedByUsedInOperatingActivities0000037996-21-000012 · FY2020 · period ended 2020-12-31 · filed 2021-02-05PaymentsForRepurchaseOfCommonStock0000037996-21-000012 · FY2020 · period ended 2020-12-31 · filed 2021-02-05PaymentsToAcquireProductiveAssets0000037996-22-000013 · FY2021 · period ended 2021-12-31 · filed 2022-02-04NetCashProvidedByUsedInOperatingActivities0000037996-22-000013 · FY2021 · period ended 2021-12-31 · filed 2022-02-04PaymentsForRepurchaseOfCommonStock0000037996-22-000013 · FY2021 · period ended 2021-12-31 · filed 2022-02-04PaymentsToAcquireProductiveAssets0000037996-24-000009 · FY2023 · period ended 2023-12-31 · filed 2024-02-07NetCashProvidedByUsedInOperatingActivities0000037996-24-000009 · FY2023 · period ended 2023-12-31 · filed 2024-02-07PaymentsForRepurchaseOfCommonStock0000037996-24-000009 · FY2023 · period ended 2023-12-31 · filed 2024-02-07PaymentsToAcquireProductiveAssets0000037996-25-000013 · FY2024 · period ended 2024-12-31 · filed 2025-02-06NetCashProvidedByUsedInOperatingActivities0000037996-25-000013 · FY2024 · period ended 2024-12-31 · filed 2025-02-06PaymentsForRepurchaseOfCommonStock0000037996-25-000013 · FY2024 · period ended 2024-12-31 · filed 2025-02-06PaymentsToAcquireProductiveAssets0000037996-26-000015 · FY2025 · period ended 2025-12-31 · filed 2026-02-11NetCashProvidedByUsedInOperatingActivities0000037996-26-000015 · FY2025 · period ended 2025-12-31 · filed 2026-02-11PaymentsForRepurchaseOfCommonStock0000037996-26-000015 · FY2025 · period ended 2025-12-31 · filed 2026-02-11PaymentsToAcquireProductiveAssetsc: comparative figure from a later filing (PaymentsForRepurchaseOfCommonStock FY2010); SEC's structured data has no figure from the fiscal year's own 10-K.r: a later 10-K shows a different figure for NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2015; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2016. As filed is shown.Net cash provided by operating activities is the consolidated total and includes Ford Credit, Ford's finance business, alongside the automotive operations.Capital spending is the consolidated total and includes Ford Credit's own capital spending alongside the automotive operations.Net cash provided by operating activities is the consolidated total and includes Ford Credit, Ford's finance business, alongside the automotive operations. Ford separately reports a company adjusted free cash flow measure that excludes Ford Credit's operating cash flows. - Share of free cash flow, fiscal 2010, 2012–2021, 2023–2025
- Details and every year
- Dividends
- 25.3%rDividends as a share of free cash flowSEC EDGAR · CIK 00000379960000037996-13-000014 · FY2012 · period ended 2012-12-31 · filed 2013-02-19
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-13-000014 · FY2012 · period ended 2012-12-31 · filed 2013-02-19PaymentsOfDividendsCommonStock0000037996-13-000014 · FY2012 · period ended 2012-12-31 · filed 2013-02-19PaymentsToAcquireProductiveAssets0000037996-14-000010 · FY2013 · period ended 2013-12-31 · filed 2014-02-18NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-14-000010 · FY2013 · period ended 2013-12-31 · filed 2014-02-18PaymentsOfDividendsCommonStock0000037996-14-000010 · FY2013 · period ended 2013-12-31 · filed 2014-02-18PaymentsToAcquireProductiveAssets0000037996-15-000013 · FY2014 · period ended 2014-12-31 · filed 2015-02-13NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-15-000013 · FY2014 · period ended 2014-12-31 · filed 2015-02-13PaymentsOfDividendsCommonStock0000037996-15-000013 · FY2014 · period ended 2014-12-31 · filed 2015-02-13PaymentsToAcquireProductiveAssets0000037996-16-000092 · FY2015 · period ended 2015-12-31 · filed 2016-02-11NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-16-000092 · FY2015 · period ended 2015-12-31 · filed 2016-02-11PaymentsOfDividendsCommonStock0000037996-16-000092 · FY2015 · period ended 2015-12-31 · filed 2016-02-11PaymentsToAcquireProductiveAssets0000037996-17-000013 · FY2016 · period ended 2016-12-31 · filed 2017-02-09NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-17-000013 · FY2016 · period ended 2016-12-31 · filed 2017-02-09PaymentsOfDividendsCommonStock0000037996-17-000013 · FY2016 · period ended 2016-12-31 · filed 2017-02-09PaymentsToAcquireProductiveAssets0000037996-18-000015 · FY2017 · period ended 2017-12-31 · filed 2018-02-08NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-18-000015 · FY2017 · period ended 2017-12-31 · filed 2018-02-08PaymentsOfDividendsCommonStock0000037996-18-000015 · FY2017 · period ended 2017-12-31 · filed 2018-02-08PaymentsToAcquireProductiveAssets0000037996-19-000012 · FY2018 · period ended 2018-12-31 · filed 2019-02-21NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0000037996-19-000012 · FY2018 · period ended 2018-12-31 · filed 2019-02-21PaymentsOfDividendsCommonStock0000037996-19-000012 · FY2018 · period ended 2018-12-31 · filed 2019-02-21PaymentsToAcquireProductiveAssets0000037996-20-000010 · FY2019 · period ended 2019-12-31 · filed 2020-02-05NetCashProvidedByUsedInOperatingActivities0000037996-20-000010 · FY2019 · period ended 2019-12-31 · filed 2020-02-05PaymentsOfDividendsCommonStock0000037996-20-000010 · FY2019 · period ended 2019-12-31 · filed 2020-02-05PaymentsToAcquireProductiveAssets0000037996-21-000012 · FY2020 · period ended 2020-12-31 · filed 2021-02-05NetCashProvidedByUsedInOperatingActivities0000037996-21-000012 · FY2020 · period ended 2020-12-31 · filed 2021-02-05PaymentsOfDividendsCommonStock0000037996-21-000012 · FY2020 · period ended 2020-12-31 · filed 2021-02-05PaymentsToAcquireProductiveAssets0000037996-22-000013 · FY2021 · period ended 2021-12-31 · filed 2022-02-04NetCashProvidedByUsedInOperatingActivities0000037996-22-000013 · FY2021 · period ended 2021-12-31 · filed 2022-02-04PaymentsOfDividendsCommonStock0000037996-22-000013 · FY2021 · period ended 2021-12-31 · filed 2022-02-04PaymentsToAcquireProductiveAssets0000037996-24-000009 · FY2023 · period ended 2023-12-31 · filed 2024-02-07NetCashProvidedByUsedInOperatingActivities0000037996-24-000009 · FY2023 · period ended 2023-12-31 · filed 2024-02-07PaymentsOfDividendsCommonStock0000037996-24-000009 · FY2023 · period ended 2023-12-31 · filed 2024-02-07PaymentsToAcquireProductiveAssets0000037996-25-000013 · FY2024 · period ended 2024-12-31 · filed 2025-02-06NetCashProvidedByUsedInOperatingActivities0000037996-25-000013 · FY2024 · period ended 2024-12-31 · filed 2025-02-06PaymentsOfDividendsCommonStock0000037996-25-000013 · FY2024 · period ended 2024-12-31 · filed 2025-02-06PaymentsToAcquireProductiveAssets0000037996-26-000015 · FY2025 · period ended 2025-12-31 · filed 2026-02-11NetCashProvidedByUsedInOperatingActivities0000037996-26-000015 · FY2025 · period ended 2025-12-31 · filed 2026-02-11PaymentsOfDividendsCommonStock0000037996-26-000015 · FY2025 · period ended 2025-12-31 · filed 2026-02-11PaymentsToAcquireProductiveAssetsr: a later 10-K shows a different figure for NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2015; NetCashProvidedByUsedInOperatingActivitiesContinuingOperations FY2016. As filed is shown.Net cash provided by operating activities is the consolidated total and includes Ford Credit, Ford's finance business, alongside the automotive operations.Capital spending is the consolidated total and includes Ford Credit's own capital spending alongside the automotive operations.Net cash provided by operating activities is the consolidated total and includes Ford Credit, Ford's finance business, alongside the automotive operations. Ford separately reports a company adjusted free cash flow measure that excludes Ford Credit's operating cash flows. - Share of free cash flow, fiscal 2012–2021, 2023–2025
- Details and every year
- Acquisitions
- MissingAcquisitions as a share of free cash flowacquisitions: no fiscal year has both positive free cash flow and a figure
- Share of free cash flow
- Details and every year
- Median ROIC
- MissingMedian return on invested capitalROIC: no fiscal year has all the inputs
- Return on invested capital
- Details and every year
Sections, fiscal 2009–2025
- Where the cash wentFree cash flow and what it was spent on — buybacks, dividends, acquisitions and debt — year by year.
- Return on capitalReturn on invested capital and on incremental capital, and up to three estimates of owner earnings.
- Management recordPrices paid for buybacks, debt against operating income, margins, share issuance and stock-based pay.
Sources for the figures on this page
SEC EDGAR · CIK 0000037996. Each filing is listed once with the XBRL tags used from it.
- 0001157523-11-001210 · FY2010 · period ended 2010-12-31 · filed 2011-02-28 · https://www.sec.gov/Archives/edgar/data/37996/000115752311001210/
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations, PaymentsToAcquireProductiveAssets - 0000037996-13-000014 · FY2010, 2012 · period ended 2010-12-31, 2012-12-31 · filed 2013-02-19 · https://www.sec.gov/Archives/edgar/data/37996/000003799613000014/
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets - 0000037996-14-000010 · FY2013 · period ended 2013-12-31 · filed 2014-02-18 · https://www.sec.gov/Archives/edgar/data/37996/000003799614000010/
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets - 0000037996-15-000013 · FY2014 · period ended 2014-12-31 · filed 2015-02-13 · https://www.sec.gov/Archives/edgar/data/37996/000003799615000013/
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets - 0000037996-16-000092 · FY2015 · period ended 2015-12-31 · filed 2016-02-11 · https://www.sec.gov/Archives/edgar/data/37996/000003799616000092/
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets - 0000037996-17-000013 · FY2016 · period ended 2016-12-31 · filed 2017-02-09 · https://www.sec.gov/Archives/edgar/data/37996/000003799617000013/
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets - 0000037996-18-000015 · FY2017 · period ended 2017-12-31 · filed 2018-02-08 · https://www.sec.gov/Archives/edgar/data/37996/000003799618000015/
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets - 0000037996-19-000012 · FY2018 · period ended 2018-12-31 · filed 2019-02-21 · https://www.sec.gov/Archives/edgar/data/37996/000003799619000012/
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets - 0000037996-20-000010 · FY2019 · period ended 2019-12-31 · filed 2020-02-05 · https://www.sec.gov/Archives/edgar/data/37996/000003799620000010/
NetCashProvidedByUsedInOperatingActivities, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets - 0000037996-21-000012 · FY2020 · period ended 2020-12-31 · filed 2021-02-05 · https://www.sec.gov/Archives/edgar/data/37996/000003799621000012/
NetCashProvidedByUsedInOperatingActivities, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets - 0000037996-22-000013 · FY2021 · period ended 2021-12-31 · filed 2022-02-04 · https://www.sec.gov/Archives/edgar/data/37996/000003799622000013/
NetCashProvidedByUsedInOperatingActivities, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets - 0000037996-24-000009 · FY2023 · period ended 2023-12-31 · filed 2024-02-07 · https://www.sec.gov/Archives/edgar/data/37996/000003799624000009/
NetCashProvidedByUsedInOperatingActivities, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets - 0000037996-25-000013 · FY2024 · period ended 2024-12-31 · filed 2025-02-06 · https://www.sec.gov/Archives/edgar/data/37996/000003799625000013/
NetCashProvidedByUsedInOperatingActivities, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets - 0000037996-26-000015 · FY2025 · period ended 2025-12-31 · filed 2026-02-11 · https://www.sec.gov/Archives/edgar/data/37996/000003799626000015/
NetCashProvidedByUsedInOperatingActivities, PaymentsForRepurchaseOfCommonStock, PaymentsOfDividendsCommonStock, PaymentsToAcquireProductiveAssets