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Ford Motor Company F Benefits of legal entity restructuring within our leasing operations

Benefits of legal entity restructuring within our leasing operations at other companies

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Other financials

Income statement

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Revenue$48.3B-3.8%
Gross profit$6.1B+2.4%
Operating income$638.0M+24.9%
Net income-$1.3B-4,459%
EPS (diluted)-$0.33-3,200%

Balance sheet

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Cash & equivalents$18.6B-19.2%
Total debt$551.0M-5.7%
Total equity$35.7B-20.7%
Total assets$285.53B-2.5%

Cash flow

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Operating cash flow$4.3B-31.2%
CapEx$2.4B+14.1%
Free cash flow$2.0B-53.6%

Valuation

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Market cap$55.75B+25.7%
Enterprise value$37.69B+72.1%
P/S0.3×+0.1×

Profitability

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Gross margin13.4%-0.1pp
Operating margin-3.7%-5.3pp
Net margin-3.9%-5.6pp
FCF margin3.9%-1.6pp

Returns & leverage

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Return on equity-18.3%-25.4pp
Debt / equity0.0×
Current ratio1.1×0.0×

Where this comes from

Reported directly by Ford Motor Company in its filing.

Tagged under the XBRL concept f:ChangeInDeferredTaxNotRecognizedUndistributedEarningsOfForeignSubsidiariesDueToRestructuring.

The source filing: Ford Motor Company’s 10-K, filed February 7, 2024.

Filed
Feb 7, 2024
Fiscal year
FY2023
Accession
0000037996-24-000009

(a)2021 includes a benefit of $2.9 billion to recognize deferred tax assets resulting from changes in our global tax structure; 2023 includes benefits of $610 million associated with legal entity restructuring within our leasing operations and China.

ITEM 16. Form 10-K Summary.

FAQ

What is Ford Motor Company's benefits of legal entity restructuring within our leasing operations?
Ford Motor Company (F) reported benefits of legal entity restructuring within our leasing operations of $152.5M in Q4 2023.
What does benefits of legal entity restructuring within our leasing operations mean?
This metric captures the tax impact associated with the restructuring of legal entities, particularly within leasing or financing operations. It reflects the tax consequences of shifting assets or liabilities between corporate entities to optimize the tax structure. Investors monitor this to understand how organizational changes influence the company's tax profile.

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