Ford Motor Company 2015 Annual Report Ford Encourages You to Please Recycle This Document
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Ford Motor Company Ford Motor Company One American Road Ford Motor Company 2015 Annual Report Dearborn, MI 48126 DELIVERING PROFITABLE GROWTH FOR ALL www.corporate.ford.com 2015 Annual Report Printed in U.S.A. 10% post-consumer waste paper. Ford encourages you to please recycle this document. CFEC-00061_2015_Corporate_Annual_Report_Cover_spread_R12.indd 1 3/2/16 10:53 AM Company Information Automotive Brand Customer Assistance Automotive Brand Customer Assistance 800.392.3673 800.521.4140 On the Cover Ford.com Lincoln.com LINCOLN CONTINENTAL FordOwner.com LincolnOwner.com The Lincoln Motor Company Operating Highlights heralds the return of its flagship – Key Metrics (in billions, except for percentages) 2015 2014 the all-new Lincoln Continental – Financial Services Operations Customer Assistance an elegant, effortlessly powerful, Automotive Ford Motor Credit Company 800.727.7000 serene full-size sedan that delivers • A leading automotive financial services company founded in 1959 FordCredit.com quiet luxury to the industry’s Revenue $ 140.6 $ 135.8 • Provides a wide variety of dealer and customer financing most discerning customers. products and services globally in support of Ford Motor 888.498.8801 The all-new Continental delivers Operating margin (a) 6.8% 4.6% Company vehicle sales LincolnAFS.com on our Lincoln commitment to • As of year-end 2015, Ford Credit was financing about 5,100 Ford introduce four all-new luxury Operating-related cash flow (b) $ 7.3 $ 3.6 and Lincoln dealers and about 4.6 million customer contracts vehicles over four years, joining around the world MKZ, MKC and MKX. Ford Credit Its design is thoroughly modern, Customer Services Operations Customer Assistance Pre-tax profit $ 2.1 $ 1.9 with a new signature grille Service Locate Ford and Lincoln and an athletic profile that is Total Company A total service experience for Ford and Lincoln owners available Dealer Service at: both dynamic and progressive. only at Ford and Lincoln stores — designed to deliver customer Also available is an all-new Pre-tax profit (b) $ 10.8 $ 7.3 satisfaction and loyalty FordOwner.com Lincoln-exclusive 3.0-liter twin- • Ford and Motorcraft engineered Parts and Tools designed LincolnOwner.com turbocharged V6 engine, as well specifically to fit your Ford and Lincoln vehicle as technologies that can help Amounts Attributable to Ford Motor Company (in millions) • Factory-trained and certified Technicians specifically on Ford create better, safer drivers. and Lincoln vehicles Net income $ 7,373 $ 1,231 Globally, 2015 was a year of • One-stop service for all vehicle maintenance and repair needs growth for the Lincoln brand. Sales grew by 17 percent and we Cash and Spending (in billions) Quick Lane Tire & Auto Center Locate Quick Lane Tire & Auto delivered our second straight year Ford Motor Company’s all-makes quick maintenance and service Center at: Quicklane.com of U.S. sales growth. Lincolns are Automotive cash at year end brand, successfully occupies a unique niche in the marketplace sold in North America, China, by offering customers “fast and dependable auto service”. Fast South Korea, the Middle East and Automotive cash (c) $ 23.6 $ 21.7 comes in the form of all-makes-all-models service capabilities, Central America. Lincoln became no-appointment- necessary, service while you wait, evening and the first luxury brand in China to – Cash net of Automotive debt 10.8 7.9 weekend hours, and competitive prices. Dependable comes in the surpass 10,000 unit sales in its form of factory-trained technicians and quality Motorcraft parts. first full year of operation. Automotive capital spending $ 7.1 $ 7.4 Ford Parts and Motorcraft Order Motorcraft and Pictured on the back cover – New and remanufactured parts recommended by Ford Motor Ford Parts at: FordParts.com clockwise from the top – are the Shareholder Value (per share) Company and available in Ford and Lincoln stores, Ford Find out more about our Ford GT supercar, Ford Focus authorized distributors and thousands of major retail and Motorcraft brand at: Electric, Ford F-150, autonomous Dividends paid $ 0.60 $ 0.50 repair locations Motorcraft.com vehicle testing with Ford Fusion Hybrid, Ford Explorer, the home screen for the revolutionary new Ford and Lincoln Accessories Original and licensed accessories at: (a) Automotive operating margin is defined as Automotive pre-tax results, FordPass and Ford Ranger. Wide variety of original and licensed accessories are available, accessories.ford.com excluding special items and Other Automotive, divided by Automotive revenue. all designed to personalize Ford and Lincoln vehicles accessories.lincoln.com (b) Excludes special items; reconciliation to GAAP for full-year 2014 and 2015 provided in “Results of Operations” and “Liquidity and Capital Resources.” Ford Protect and Lincoln Protect Extended Service Plans Ford Protect and Lincoln Protect (c) Automotive cash includes cash, cash equivalents, and marketable securities Provides comprehensive vehicle service contracts and 800.521.4144 net of securities-in-transit. maintenance programs to support dealer and direct mail sales Fordprotect.com to Ford, Lincoln, and competitive-make owners Lincolnprotect.com Ford Fleet/Commercial Vehicles See more at: fleet.ford.com PRIORITIES: Ford Fleet brings together fleet-specific vehicles, offers and • One Ford – Acceleration programs, along with a team of experts. • Product Excellence – Delivered With Passion Fleet Service Operations See more at: fleet.ford.com Trusting Ford and Lincoln Parts and Service to maintain fleet • Innovation – In Every Part vehicles can enhance performance and reliability, help extend the Of Our Business life of vehicles and improve resale value. Visit our online annual About Ford Motor Company Ford Motor Company is a global automotive and mobility company based in Dearborn, Mich. With about 199,000 employees and 67 plants worldwide, report for detailed the company’s core business includes designing, manufacturing, marketing, financing and servicing a full line of Ford cars, trucks, SUVs and electrified company information vehicles, as well as Lincoln luxury vehicles. At the same time, Ford is aggressively pursuing emerging opportunities through Ford Smart Mobility, the and visual content at: company’s plan to be a leader in connectivity, mobility, autonomous vehicles, the customer experience and data and analytics. For more information regarding Ford, its products worldwide or Ford Motor Credit Company, visit www.corporate.ford.com. www.annualreport.ford.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2015 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission file number 1-3950 Ford Motor Company (Exact name of Registrant as specified in its charter) Delaware 38-0549190 (State of incorporation) (I.R.S. Employer Identification No.) One American Road, Dearborn, Michigan 48126 (Address of principal executive offices) (Zip Code) 313-322-3000 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered* Common Stock, par value $.01 per share New York Stock Exchange __________ * In addition, shares of Common Stock of Ford are listed on certain stock exchanges in Europe. Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No Indicate by check mark if the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes No Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No As of June 30, 2015, Ford had outstanding 3,899,403,544 shares of Common Stock and 70,852,076 shares of Class B Stock. Based on the New York Stock Exchange Composite Transaction closing price of the Common Stock on that date ($15.01 per share), the aggregate market value of such Common Stock was $58,530,047,195. Although there is no quoted market for our Class B Stock, shares of Class B Stock may be converted at any time into an equal number of shares of Common Stock for the purpose of effecting the sale or other disposition of such shares of Common Stock.