Ford Motor said net income attributable to Ford Motor Company for Q2 2024 was $1,831 million, and Company adjusted EBIT was $2,757 million. The company said net income declined $86 million and Company adjusted EBIT declined $1.0 billion from a year earlier.

1. 01

   Ford Motor said net income attributable to Ford Motor Company for Q2 2024 was $1,831 million, and Company adjusted EBIT was $2,757 million. The company said net income declined $86 million and Company adjusted EBIT declined $1.0 billion from a year earlier.

2. 02

   Ford said its Q2 EBIT was $1.2 billion at Ford Blue, down $1.1 billion from a year earlier; $2.6 billion at Ford Pro, up $173 million from a year earlier; and a loss of $1.1 billion at Ford Model e.

3. 03

   The company said it entered into agreements on Q2 to purchase about $3.8 billion of regulatory compliance credits for use in North America and Europe for current and future model years. It also said it recorded about $100 million of expense in the same quarter for its anticipated use of those credits.

4. 04

   Ford said Company cash was $26.6 billion and liquidity was $44.8 billion as of June 30, 2024. For Q2, it said Company adjusted free cash flow was $3.2 billion and cash flows from operating activities were $5.5 billion.

Key figures

Quarter ended June 30, 2024

Revenue

$47.8B

Operating income

$1.9B

Net income

$1.8B

EPS

$0.46

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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