FS-3FORD MOTOR COMPANY AND SUBSIDIARIESCONSOLIDATED INCO.docx

FS-3
FORD MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
(in millions, except per share amounts)
For the years ended December 31,
2016 2017 2018
Revenues
Automotive $ 141,546 $ 145,653 $ 148,294
Ford Credit 10,253 11,113 12,018
Mobility 1 10 26
Total revenues (Note 4) 151,800 156,776 160,338
Costs and expenses
Cost of sales 126,195 131,321 136,269
Selling, administrative, and other expenses 10,972 11,527
11,403
Ford Credit interest, operating, and other expenses 8,847 9,047
9,463
Total costs and expenses 146,014 151,895 157,135
Interest expense on Automotive debt 894 1,133 1,171
Interest expense on Other debt 57 57 57
Other income/(loss), net (Note 5) 169 3,267 2,247
Equity in net income of affiliated companies 1,780 1,201 123
Income before income taxes 6,784 8,159 4,345
Provision for/(Benefit from) income taxes (Note 7) 2,184 402

650
Net income 4,600 7,757 3,695
Less: Income/(Loss) attributable to noncontrolling interests 11
26 18
Net income attributable to Ford Motor Company $ 4,589 $ 7,731
$ 3,677
EARNINGS PER SHARE ATTRIBUTABLE TO FORD MOTOR
COMPANY COMMON AND CLASS B STOCK (Note 8)
Basic income $ 1.16 $ 1.94 $ 0.93
Diluted income 1.15 1.93 0.92
CONSOLIDATED STATEMENT OF COMPREHENSIVE
INCOME
(in millions)
2016 2017 2018
Net income $ 4,600 $ 7,757 $ 3,695
Other comprehensive income/(loss), net of tax (Note 21)
Foreign currency translation (1,024) 314 (523)
Marketable securities (8) (34) (11)
Derivative instruments 219 (265) 183
Pension and other postretirement benefits 56 37 (56)
Total other comprehensive income/(loss), net of tax (757) 52
(407)
Comprehensive income 3,843 7,809 3,288
Less: Comprehensive income/(loss) attributable to
noncontrolling interests 10 24 18
Comprehensive income attributable to Ford Motor Company $
3,833 $ 7,785 $ 3,270
The accompanying notes are part of the consolidated financial
statements.

FS-4
CONSOLIDATED BALANCE SHEET
(in millions)
December 31,
2017
December 31,
2018
ASSETS
Cash and cash equivalents (Note 9) $ 18,492 $ 16,718
Marketable securities (Note 9) 20,435 17,233
Ford Credit finance receivables, net (Note 10) 52,210 54,353
Trade and other receivables, less allowances of $412 and $94
10,599 11,195
Inventories (Note 12) 11,176 11,220
Other assets 3,889 3,930
Total current assets 116,801 114,649
Ford Credit finance receivables, net (Note 10) 56,182 55,544
Net investment in operating leases (Note 13) 28,235 29,119
Net property (Note 14) 35,327 36,178
Equity in net assets of affiliated companies (Note 15) 3,085
2,709
Deferred income taxes (Note 7) 10,762 10,412
Other assets 8,104 7,929

Total assets $ 258,496 $ 256,540
LIABILITIES
Payables $ 23,282 $ 21,520
Other liabilities and deferred revenue (Note 16) 19,697 20,556
Automotive debt payable within one year (Note 18) 3,356 2,314
Ford Credit debt payable within one year (Note 18) 48,265
51,179
Total current liabilities 94,600 95,569
Other liabilities and deferred revenue (Note 16) 24,711 23,588
Automotive long-term debt (Note 18) 12,575 11,233
Ford Credit long-term debt (Note 18) 89,492 88,887
Other long-term debt (Note 18) 599 600
Deferred income taxes (Note 7) 815 597
Total liabilities 222,792 220,474
Redeemable noncontrolling interest (Note 20) 98 100
EQUITY
Common Stock, par value $.01 per share (4,000 million shares
issued of 6 billion authorized) 40 40
Class B Stock, par value $.01 per share (71 million shares
issued of 530 million authorized) 1 1
Capital in excess of par value of stock 21,843 22,006
Retained earnings 21,906 22,668
Accumulated other comprehensive income/(loss) (Note 21)
(6,959) (7,366)
Treasury stock (1,253) (1,417)
Total equity attributable to Ford Motor Company 35,578 35,932
Equity attributable to noncontrolling interests 28 34
Total equity 35,606 35,966

Total liabilities and equity $ 258,496 $ 256,540
The following table includes assets to be used to settle
liabilities of the consolidated variable interest entities (“VIEs”).
These assets and liabilities are
included in the consolidated balance sheet above. See Note 22
for additional information on our VIEs.
December 31,
2017
December 31,
2018
ASSETS
Cash and cash equivalents $ 3,479 $ 2,728
Ford Credit finance receivables, net 56,250 58,662
Net investment in operating leases 11,503 16,332
Other assets 64 27
LIABILITIES
Other liabilities and deferred revenue $ 2 $ 24
Debt 46,437 53,269
statements.
FS-5
CONSOLIDATED STATEMENT OF CASH FLOWS
(in millions)

2016 2017 2018
Cash flows from operating activities
Net income $ 4,600 $ 7,757 $ 3,695
Depreciation and tooling amortization 9,023 9,122 9,280
Other amortization (306) (669) (972)
Provision for credit and insurance losses 672 717 609
Pension and other postretirement employee benefits (“OPEB”)
expense/(income) 2,667 (608) 400
Equity investment (earnings)/losses in excess of dividends
received (178) 240 206
Foreign currency adjustments 283 (403) 529
Net (gain)/loss on changes in investments in affiliates (139) (7)
(42)
Stock compensation 210 246 191
Net change in wholesale and other receivables (1,449) (836)
(2,408)
Provision for deferred income taxes 1,473 (350) (197)
Decrease/(Increase) in accounts receivable and other assets
(2,855) (2,297) (2,239)
Decrease/(Increase) in inventory (803) (970) (828)
Increase/(Decrease) in accounts payable and accrued and other
liabilities 6,595 6,089 6,781
Other 57 65 17
Net cash provided by/(used in) operating activities 19,850
18,096 15,022
Cash flows from investing activities
Capital spending (6,992) (7,049) (7,785)
Acquisitions of finance receivables and operating leases
(56,007) (59,354) (62,924)
Collections of finance receivables and operating leases 38,834
44,641 50,880
Purchases of marketable and other securities (31,428) (27,567)
(17,140)
Sales and maturities of marketable and other securities 29,354

29,898 20,527
Settlements of derivatives 825 100 358
Other 112 (29) (177)
Net cash provided by/(used in) investing activities (25,302)
(19,360) (16,261)
Cash flows from financing activities
Cash dividends (3,376) (2,584) (2,905)
Purchases of common stock (145) (131) (164)
Net changes in short-term debt 3,864 1,229 (2,819)
Proceeds from issuance of long-term debt 45,961 45,801 50,130
Principal payments on long-term debt (38,797) (40,770)
(44,172)
Other (107) (151) (192)
Net cash provided by/(used in) financing activities 7,400 3,394
(122)
Effect of exchange rate changes on cash, cash equivalents, and
restricted cash (265) 489 (370)
Net increase/(decrease) in cash, cash equivalents, and restricted
cash $ 1,683 $ 2,619 $ (1,731)
Cash, cash equivalents, and restricted cash at January 1 (Note 9)
$ 14,336 $ 16,019 $ 18,638
Net increase/(decrease) in cash, cash equivalents, and restricted
cash 1,683 2,619 (1,731)
Cash, cash equivalents, and restricted cash at December 31
(Note 9) $ 16,019 $ 18,638 $ 16,907
statements.
FS-6

CONSOLIDATED STATEMENT OF EQUITY
(in millions)
Equity Attributable to Ford Motor Company
Capital
Stock
Cap. in
Excess
of
Par
Value
of
Stock
Retained
Earnings/
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income/(Loss)
(Note 21)

Treasury
Stock Total
Equity
Attributable
to Non-
controlling
Interests
Total
Equity
Balance at December 31, 2015 $ 41 $ 21,421 $ 14,980 $ (6,257)
$ (977) $ 29,208 $ 15 $ 29,223
Net income — — 4,589 — — 4,589 11 4,600
Other comprehensive income/(loss), net
of tax — — — (756) — (756) (1) (757)
Common stock issued (including share-
based compensation impacts) — 209 — — — 209 — 209
Treasury stock/other — — — — (145) (145) (3) (148)
Cash dividends declared (a) — — (3,376) — — (3,376) (5)
(3,381)
$ (1,122) $ 29,729 $ 17 $ 29,746
$ (1,122) $ 29,729 $ 17 $ 29,746
Adoption of accounting standards — 6 566 — — 572 — 572
Net income — — 7,731 — — 7,731 26 7,757
of tax — — — 54 — 54 (2) 52

Treasury stock/other — — — — (131) (131) (2) (133)
Cash dividends declared (a) — — (2,584) — — (2,584) (11)
(2,595)
$ (1,253) $ 35,578 $ 28 $ 35,606
$ (1,253) $ 35,578 $ 28 $ 35,606
Net income — — 3,677 — — 3,677 18 3,695
of tax — — — (407) — (407) — (407)
Treasury stock/other — — — — (164) (164) — (164)
Dividend and dividend equivalents
declared (a) — — (2,915) — — (2,915) (12) (2,927)
$ (1,417) $ 35,932 $ 34 $ 35,966
(a) We declared dividends per share of Common and Class B
Stock of $0.85, $0.65, and $0.73 per share in 2016, 2017, and
2018, respectively.
statements.
1. The Research paper will come in five parts. The instructions
are:

RESEARCH PAPER TOPIC
Impact of Women in Missions History
. Part 1: Proposed topic, abstract, and three sources -
Topic must be approved by the instructor. A list of possible
topics will be made available. Include at least three sources to
make sure there will be enough resources to draw on. Submit
Part 1 by 11:59 p.m. (ET) on Sunday of Module/Week 2. YOU
ALREADY COMPLETED
. Part 2: Refined topic, edited abstract, outline, and ten sources
- Students will incorporate any changes to topic, outline the
paper, write questions to be answered by the research, and
submit ten sources. Submit Part 2 by 11:59 p.m. (ET) on Sunday
of Module/Week 3. Note: Some will need to limit their topic.
Others will need to expand their topic. This process should
begin this week and continue until the final project is
submitted.
DUE SUNDAY, MAY 31ST
. Part 3: Introduction and first five pages - Students will submit
the introduction and first five pages of the research paper.
Submit Part 3 by 11:59 p.m. (ET) on Sunday of Module/Week 4.
DUE FRIDAY, JUNE 5TH
. Part 4: Introduction and first ten pages - Students will submit
introduction and first ten pages, incorporating changes made to

initial submission. Submit Part 4 by 11:59 p.m. (ET) on Sunday
of Module/Week 5.
. Part 5: Complete research paper - Students will submit the
complete research paper. The paper will be 5000-6000 words in
the body of the paper, with a minimum of ten academic
resources cited. Submit Part 5 by 11:59 p.m. (ET) on Sunday of
Module/Week 7
As previously stated, focus on a good introduction (the end goal
should be no less than five well-written paragraphs of
introduction), not on a complete abstract. The thesis statement
should be one sentence in the introduction of the paper that
defines what you seek to show by your research. When you
write your abstract for the final draft, it will look slightly
different. It should be included as a separate page. An academic
abstract typically outlines four elements relevant to the
completed work:
. The research focus (i.e. statement of the problem(s)/research
issue(s) addressed)
. Your approach to the problem (biblical worldview,
implications of issue)
. The results/findings of the research
. The main conclusions and recommendations
As you can see from my description, you will not be able to
write a good abstract until most of your research and writing are
completed. After this week, leave a placeholder for the abstract
and work on a good introduction to your topic.
Remember Turabian format in every assignment that you
submit. While I try to be lenient, I want you to get into the habit
of documenting your sources properly. It is a good habit in
research. If you run into difficulties, please ask for

clarification.
We are here to learn from one another’s experiences and to
interact with the scholars in our textbooks. We can do that in a
positive and stimulating manner. At any point during the term,
if you think that there is another source that can provide insight
into the discussion, please include it with proper
documentation.
3
LIBERTY UNIVERSITY SCHOOL OF DIVINITY
RESEARCH PAPER TOPIC
Impact of Women in Missions History
Submitted to Dr. Philip Coppola
in partial fulfillment of the requirements for the completion of
GLST 650-B01
History and Theory of Global Engagement
By
Viktoria Taylor-Richardson
May 27, 2020

ABSTRACT
Traditionally, doing theology or mission work has always been
the domain of men. However, since the times of Jesus, women
have been involved in the spread of the gospel. For centuries,
women have led in many crusades and missions, crossing the
enemy lines and risking their lives to spread the word of God in
many parts of the world. When the Samaritan woman met Jesus
at the well, she ran back to her town and told her neighbors
about Jesus as the Lord. According to the scriptures, women
were the first at the tomb to learn of Jesus' resurrection. In the
book of Acts, Priscilla gives theological directives to Apollos, a
convert who later turned to be a key evangelist.
During the first centuries of the church of Christ, dedicated
widows, women martyrs, as well as virgins, were crucial
supporters and witnesses of the gospel of Christ. In the early
1800s, women missionaries formed CENT societies were every
woman contributed 52 cents every year. The money contributed
helped start hospitals, training, and medical institutions. By
1812, some women were accompanying their husbands in
missions to spread the gospel. In the 19th and 20th centuries,
few names of women in missions, such as Stella Cox, Malla
Moe, Alberta Skinner, and Gertrude Dyck stood out in the male-
dominated field. Throughout history of the universal church,
women have been key players in the spread of the gospel and
the fulfillment of the Great Commission.
Bibliography
Butler, Anthea D. Women in the Church of God in Christ:
Making a sanctified world. Univ of North Carolina Press, 2007.
Reeves-Ellington, Barbara. "Women, Protestant Missions, and
American Cultural Expansion, 1800 to 1938: A
Historiographical Sketch." Social Sciences and Missions 24, no.
2-3 (2011): 190-206.

Rutherdale, Myra. Women and the white man's God: Gender and
race in the Canadian mission field. UBC Press, 2014.
ACCT 621:
Total Marks: 100
Instructions:
1.) The exam will be a take-home exam and is considered open
book.
2.) You may not share any ideas or answers with other students
under ANY circumstances.
3.) The exam is 2 hours long and must be returned by email to
your instructor no later than 2 hours after it is received.
Question 1:
Please refer to the financial statements provided in Appendix 1:
a.) For each of the following, please provide a calculation of the
appropriate ratio amount for 2017 and 2018 years. Show your
calculations (22 Marks). See Notes to specific financial
statement items in calculations.
b.) Please provide commentary to your observations, and your
assessment of how the change in year-over-year ratios is
reflective of the financial performance and health of the
company (22 Marks).
c.) For Current Ratio, Inventory Turnover and Accounts
Receivable Turnover, please provide two examples each of
things the company can do to improve these ratios (6 Marks).
Answers: 1 a. and 1.b
Ratio
Calculation
Commentary

Gross Profit Rate
(Note 2)
Profit Margin
(Note 1,2)
Return on Assets
(Note 1)
Asset Turnover
(Note 2)
Debt to Asset Ratio
Times Interest Earned
(Note 3)
Free Cash Flow
Current Ratio
Inventory Turnover
Working Capital
Accounts Receivable Turnover

(Note 4)
Note 1: Ignore Income/Loss attributable to non-controlling
interests.
Note 2: Consider all revenue items to be sales.
Note 3: Include all interest expense items to be part of the cost
of financing.
Note 4: Consider all receivable items to be trade receivables.
Answers: 1c.:
Ratio
Steps to Improve Ratio
Current Ratio
Inventory Turnover
Accounts Receivable Turnover
Question 2:
You have recently taken over the role of the Chief Financial
Officer of GT Gold Chasers Ltd. (“GT Gold”). GT Gold is
junior mining company, that is hoping to hit it big with their
next mining venture. You work out of the head office that is
based out of Vancouver. GT has got a reputation in the industry
for being quick to act, and the management team are known for
pushing the envelope to get results. There has been a high
turnover of people in the last two years, and the current team
are mainly new to the job.
During your first few weeks on the job, you have noticed a few
“oddities” around how things in the office run. A couple of
examples of these are as follows:
· Your assistant staff accountant, Stella Monibag helps you with

the preparation of the accounting financial statements for the
company. Stella spends her days reconciling the bank accounts
of the company on a daily basis, which is great, because you
need to know how much cash you have in the company at all
times. Once she has reconciled the accounting general ledger to
the bank statement, she prepares all the cheques for the new
bills that needs to be paid. You have the authority to sign the
cheques, but when you are out of the office, Stella is also able
to sign these cheques or approve payments on your behalf.
Stella keeps the cheque book on her desk so that she doesn’t
lose it easily. Once you have approved a payment, Stella will
access the company accounting system to enter the transactions
in the general ledger.
· Recently the company started to pay some larger invoices to
vendors that you have never really heard of. One the vendors,
SM Consultants Inc. provided printing services, a piece of
furniture and six hours of printing consulting. These were not
expected costs, but you are new to the office, and you figure
that it will probably sort itself out later.
2.a) Please advise provides commentary on any internal control
weaknesses that may exist in GT Gold, based on the above
information (12 marks).
2.b) Please provide three possible solutions to the internal
control weaknesses you have identified above, and how these
will help solve the control weakness (6 marks).
2.c) Provide some commentary and two examples regarding
things you would try to change in the organization to address
internal control risk (hint: refer back to the Fraud Triangle
model discussed during class), and how these changes would
impact the company (4 marks).
Question 3:
The following transactions appeared in the accounting records
of GT Gold during the year. Stella comes to your office, and
wants to understand how we should be entering these into the
accounting system for the December 31 year-end. Please
summarize these transactions using the metric below (i.e. show

how the change in Assets, Liabilities or Shareholder Equity
should be shown). Show your calculations.
1.) On January 1, GT purchased a mining machine from Japan.
The machine cost CAN$1,350,000 and had to be shipped to
Vancouver. Once it arrived in Vancouver, there were customs
duties of CAN$50,000. The machine and its unassembled
components were placed on a train and assembled on site. The
cost of the freight was CAN$10,000, and a friendly mechanic
named Mitch assembled the machine components once it arrived
at its destination in Northern BC. GT paid Mitch $2,000. (3
marks)
2.) One week into the machine operating, a cable snapped, and
Mitch had to replace it. Mitch recommended that we get a
better cable that can lift more weight. It would make the
machine way better Mitch said. The new cable cost $12,000. (3
Marks)
3.) GT employs a double declining method depreciation,
assuming a salvage value of 15,000, and 6 year life. Stella
wants to know what to book for depreciation for the year. (8
marks)
4.) On March 31 the next year, a competitor firm to GT offered
to buy the mining machine for $2,000,000. GT took the offer
and sold the machine on the same day. Assume for the purpose
of this point only that accumulated depreciation on this asset at
the time of sale was $200,000. Stella wants to know how to
account for the sale. (8 marks).
5.) GT currently has $2,000,000 in its receivables on its books.
Last year Stella booked $100,000 on the AFDA account. This
year, you estimate that 3.5% of receivables are uncollectible.
Stella wants to know what to book this year (4 marks).
6.) After making the adjustment in point 5, Stella finds out that

one of the accounts is uncollectible. They owe GT $65,000.
Please help Stella with the adjustment (2 marks).
Assets
Liabilities
Shareholder Equity

FS-3FORD MOTOR COMPANY AND SUBSIDIARIESCONSOLIDATED INCO.docx

FS-3FORD MOTOR COMPANY AND SUBSIDIARIESCONSOLIDATED INCO.docx

Recommended

Recommended

More Related Content

Similar to FS-3FORD MOTOR COMPANY AND SUBSIDIARIESCONSOLIDATED INCO.docx

Similar to FS-3FORD MOTOR COMPANY AND SUBSIDIARIESCONSOLIDATED INCO.docx (20)

More from ericbrooks84875

More from ericbrooks84875 (20)

Recently uploaded

Recently uploaded (20)

FS-3FORD MOTOR COMPANY AND SUBSIDIARIESCONSOLIDATED INCO.docx