Business
4th Quarter Results
4th Quarter Results.
About this update from Fdm Group (holdings) Plc
[{"type":"text","content":"\n RNS Number : 2833A Ford Motor Co 28 January 2011 \n \n\n \n \n \n\n\n\n\nContact:\n\n\nMedia:\n\n\nEquity Investment\n\n\nFixed Income\n\n\nShareholder Inquiries:\n\n\n\n\n\n\n\nJohn Stoll\n\n\nCommunity:\n\n\nInvestment Community:\n\n\n1.800.555.5259 or\n\n\n\n\n\n\n\n1.313.594.1106\n\n\nLarry Heck\n\n\nShawn Ryan\n\n\n1.313.845.8540\n\n\n\n\n\n\n\[email protected] \n\n\n1.313.594.0613\n\n\n1.313.621.0881\n\n\[email protected]\n\n\n\n\n\n\n\n\n\n\[email protected] \n\n\[email protected] \n\n\n\n\n\n\n\n \n \nFOR IMMEDIATE RELEASE\n \n \nFORD REPORTS 2010 FULL YEAR NET INCOME OF $6.6 BILLION;\nFOURTH QUARTER NET INCOME OF $190 MILLION+ \n \n· Full year net income was $6.6 billion, or $1.66 per share, a $3.8 billion increase from a year ago. Pre-tax operating profit was $8.3 billion, an increase of $8.3 billion from a year ago.\n \n· Fourth quarter net income was $190 million, or 5 cents per share, a decrease of $696 million from a year ago. Net income was negatively impacted by a previously disclosed $960 million charge for completion of debt conversion offers in the quarter that reduced outstanding Automotive debt by over $1.9 billion.\n \n· Fourth quarter pre-tax operating profit was $1.3 billion, or 30 cents per share, a decrease of $322 million from a year ago. Ford now has posted a pre-tax operating profit for six consecutive quarters.\n \n· Automotive pre-tax operating profit was $741 million for the fourth quarter and $5.3 billion for the full year, an improvement of $7.2 billion from full year 2009.\n \n· Ford Credit reported a pre-tax operating profit of $572 million for the fourth quarter and $3.1 billion for the full year, an increase of $1.1 billion from full year 2009.\n \n· Revenue was $32.5 billion in the fourth quarter and $120.9 billion for the full year, an increase of $17 billion from full year 2009, excluding Volvo from 2009.\n \n· Ford continued to reduce Automotive debt with an additional $7.3 billion of actions taken in the fourth quarter, including $2.5 billion of newly announced reductions. For the full year, Ford reduced Automotive debt by $14.5 billion,...