Ford Motor Company Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-8,182	5,879	4,347	-1,981	17,937
Depreciation & Amortization	5,995	5,867	6,523	6,493	5,960
Asset Writedown & Restructuring Costs	9,435	-	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-368
Loss (Gain) on Equity Investments	3,572	-287	-33	3,324	116
Stock-Based Compensation	510	511	460	336	305
Provision & Write-off of Bad Debts	616	575	438	46	-298
Other Operating Activities	-3,507	1,222	2,020	5,686	-12,566
Change in Accounts Receivable	-2,791	-2,497	-2,620	-1,183	-1,141
Change in Inventory	539	27	-1,219	-2,576	-1,778
Change in Accounts Payable	10,103	8,425	9,829	7,268	-36
Change in Other Net Operating Assets	4,992	-4,299	-4,827	-10,560	7,656
Operating Cash Flow	21,282	15,423	14,918	6,853	15,787
Operating Cash Flow Growth	37.99%	3.38%	117.69%	-56.59%	-34.95%
Capital Expenditures	-8,815	-8,684	-8,236	-6,866	-6,227
Divestitures	-	-	-	449	145
Investment in Securities	1,136	-812	1,378	921	5,681
Other Investing Activities	-333	-313	-826	406	-569
Investing Cash Flow	-18,049	-24,370	-17,628	-4,347	2,745
Short-Term Debt Issued	654	-	-	5,460	3,273
Long-Term Debt Issued	49,688	57,312	51,659	45,470	27,901
Total Debt Issued	50,342	57,312	51,659	50,930	31,174
Short-Term Debt Repaid	-	-276	-1,539	-	-
Long-Term Debt Repaid	-50,303	-45,680	-41,965	-45,655	-54,164
Total Debt Repaid	-50,303	-45,956	-43,504	-45,655	-54,164
Net Debt Issued (Repaid)	39	11,356	8,155	5,275	-22,990
Repurchase of Common Stock	-	-426	-335	-484	-
Common Dividends Paid	-2,391	-2,398	-2,398	-2,009	-403
Other Financing Activities	-255	-327	-241	-271	-105
Financing Cash Flow	-3,205	7,485	2,584	2,511	-23,498
Foreign Exchange Rate Adjustments	532	-458	-104	-414	-232
Net Cash Flow	560	-1,920	-230	4,603	-5,198
Free Cash Flow	12,467	6,739	6,682	-13	9,560
Free Cash Flow Growth	85.00%	0.85%	-	-	-48.40%
Free Cash Flow Margin	6.66%	3.64%	3.79%	-0.01%	7.01%
Free Cash Flow Per Share	3.13	1.68	1.65	-0.00	2.37
Cash Interest Paid	8,000	8,100	7,100	4,400	4,700
Cash Income Tax Paid	622	1,218	1,027	801	568
Levered Free Cash Flow	1,759	1,128	-3,848	983.75	8,272
Unlevered Free Cash Flow	2,592	1,838	-3,025	1,785	9,399
Change in Working Capital	12,843	1,656	1,163	-7,051	4,701

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.