Essay on Ford Motor Company - Quality of Earnings Growth Analysis

8432 Words Jul 30th, 2011 34 Pages
Ford Motor Company: Quality of p y y Earnings Growth Analysis (A)

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Ford Motor Company
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Earnings improvement over past 3 quarters have come from accounting adjustments Nov 11, 2003
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Common stock price: $13.14 52-week range: $6 to $13 (Still some 60% below its beginning 1999 price level)

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Incorporated in Delaware Incorporate in 1919 Acquired: Ford Motor Company, Michigan Company incorporated in 1903 Acquired to produce and sell automobiles designed and engineered by Henry Ford d In 2003: Worlds 2nd largest producer of cars and trucks combined f Along with its subsidiaries engaged in other business as well..,
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Financing Renting vehicles and equipment

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Ford Motor Company


Two principal
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1,515

100 24 32 20 8 84 16

100 27 36 17 11 92 8

100 24 35 19 9 88 12

100 27 36 18 12 93 7

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Ford Motor Company and Subsidiaries, Sector Statement of Income for the Periods Ended Sept 30, 2003 and 2002 (in Millions Except Per Share Amounts)
Third Quarter Nine Months 2003 2002 2003 2002 (unaudited) (unaudited) (unaudited) (unaudited) TOTAL COMPANY Income / (loss) before income taxes Provision for/ (benefit from) income taxes income / (loss) before minority interests Minority interests in ne income / (loss) of subsidiaries Income / (loss) from continuing operations income/ (loss) from discontinued/ held-for-sale operations Loss on disposal of discontinued/held-for-sale operations Cumulative effect of change in accounting C l ti ff t f h i ti principle Net income/ (loss) Income/ (loss) attributable to Common and Class B Stock after Preferred Stock dividends Average number of shares of Common and g Class B Stock outstanding 423 141 282 45 237 2 (46) 81 (127) 117 (244) (27) (55) (264) $ (25) $ (25) 1,831 2,478 672 1,806 245 1,561 (4) (5) (264) 1,288 1,288 1,832 930 350 580 285 295 48 95 1,002 $ (850) $ (861) 1,814

$ (326) $ (330) 1,822

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Ford Motor Company and Subsidiaries, Sector Statement of Income for the Periods Ended Sept 30, 2003 and 2002 (in Millions Except Per Share Amounts)
Third Quarter Nine Months 2003 2002 2003 2002 (unaudited) (unaudited) (unaudited) (unaudited) AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK Basic income / (loss)

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