Ford Motor Co. (F) stock is dropping in pre market after the company missed on earnings buy beat on revenue. Ford Motor Co. (F) stock is trading around $12.30 in early trading.
Ford Motor Co. (F) reported earnings of $0.20 vs $0.25 after you strip out one time gains. Revenue came in 2 billion more than expected. Profit margin went down to 5.4% which was worse than expected.
Ford Posts 2011 Pre-Tax Operating Profit of $8.8 Billion; One-Time Special Items Contribute to $20.2 Billion Net Income
Full year pre-tax operating profit was $8.8 billion, or $1.51 per share, an increase of $463 million from a year ago
Full year net income was $20.2 billion, or $4.94 per share, an increase of $13.7 billion, or $3.28 per share, from a year ago. Net income includes a favorable one-time, non-cash special item of $12.4 billion from release of almost all of the valuation allowance against net deferred tax assets in the fourth quarter
Fourth quarter pre-tax operating profit was $1.1 billion, or 20 cents per share, a decrease of $189 million from fourth quarter 2010. Ford has posted a pre-tax operating profit for 10 consecutive quarters
Fourth quarter net income was $13.6 billion, or $3.40 per share, a $13.4 billion increase from fourth quarter 2010. As noted, one-time special items positively affected net income
Automotive pre-tax operating profit was $586 million for the fourth quarter and $6.3 billion for the full year, an increase of $1 billion from full year 2010
Ford Credit reported a pre-tax operating profit of $506 million for the fourth quarter and $2.4 billion for the full year, a decrease of $650 million from full year 2010
Revenue was $34.6 billion in the fourth quarter and $136.3 billion for the full year, an increase of $15.4 billion from full year 2010
Ford generated positive Automotive operating-related cash flow of $700 million in the fourth quarter and $5.6 billion for the full year. Ford ended 2011 with Automotive gross cash of $22.9 billion
Automotive debt was $13.1 billion as of Dec. 31, 2011, a reduction of $6 billion for the year
Automotive gross cash exceeded debt by $9.8 billion, an improvement of $8.4 billion for the year
Ford ended 2011 with $32.4 billion in total Automotive liquidity
Ford is well on track to achieve the goals in its mid-decade outlook
