According to a performance report released by Ford Motor Company on the 6th, the company's total revenue for 2023 was approximately $176.2 billion, an 11% increase from 2022, with a net revenue of $4.3 billion.
The report also shows that Ford Motor's 2023 pre tax profit was $10.4 billion, in line with the company's monthly guidance expectations; Operating cash flow of 14.9 billion US dollars; Free cash flow of 6.8 billion US dollars.
In the fourth quarter of 2023, Ford's total revenue reached $46 billion, a year-on-year increase of 4%; The pre tax profit is 1.1 billion US dollars. Affected by strikes and adjustments to retirement benefits, Ford Motor suffered a net loss of $526 million in the fourth quarter of 2023.
Ford Motor remains cautiously optimistic about its operations in 2024, with an expected annual pre tax profit of $10 billion to $12 billion; Free cash flow ranging from $6 billion to $7 billion; Capital expenditures range from $8 billion to $9.5 billion.