We cannot be certain that any expectation, forecast or assumption made by management in preparing forward-looking statements will prove accurate, or that any projection will be realized. It is to be expected that there may be differences between projected and actual results. Our forward-looking statements speak only as of the date of their initial issuance, and we do not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise. For additional discussion of these risks, see "Item 1A. Risk Factors" in our 2008 Form 10-K Report and subsequent Form 10-Q Reports.
THIRD QUARTER & FIRST NINE MONTHS 2009 NET INCOME/(LOSS) COMPARED WITH
2008
Third Quarter First Nine Months
------------- -----------------
2008 2009 2008 2009
---- ---- ---- ----
Revenue (Bils.)
---------------
Revenue (Excluding Special
Items) $31.7 $30.9 $109.1 $82.9
Special Items* - - 7.0 -
-- -- --- --
Revenue $31.7 $30.9 $116.1 $82.9
===== ===== ====== =====
Income (Mils.)
--------------
Pre-Tax Results from
Continuing Operations
(Excluding Special Items) $(2,780) $1,107 $(3,127) $(1,299)
Special Items* 2,207 108 (6,219) 3,265
----- --- ------- -----
Pre-Tax Income/(Loss) from
Continuing Operations $(573) $1,215 $(9,346) $1,966
(Provision for)/Benefit from
Income Taxes 463 (139) 811 40
--- ----- --- --
Income/(Loss) from Continuing
Operations $(110) $1,076 $(8,535) $2,006
Income/(Loss) from
Discontinued Operations - - 9 5
-- -- -- --
Net Income/(Loss) $(110) $1,076 $(8,526) $2,011
Less: Income/(Loss)
attributable to
non-controlling interests 51 79 262 180
-- -- --- ---
Net Income/(Loss)
attributable to Ford $(161) $997 $(8,788) $1,831
===== ==== ======= ======
* Special items detailed in Special Items tables below.
THIRD QUARTER & FIRST NINE MONTHS 2009 INCOME/(LOSS) FROM CONTINUING
OPERATIONS COMPARED WITH 2008
Third Quarter First Nine Months
------------- -----------------
(in millions) 2008 2009 2008 2009
---- ---- ---- ----
Pre-Tax Results from
Continuing Operations
(Excluding Special Items) $(2,780) $1,107 $(3,127) $(1,299)
(Income)/Loss Attributable to
Non-Controlling Interests (51) (79) (262) (180)
(Provision for)/Benefit from
Income Taxes applied to
Pre-Tax Results from
Continuing Operations
(Excluding Special Items) (178) (155) (549) (78)
----- ----- ----- ----
After-Tax Result (Excluding
Special Items) $(3,009) $873 $(3,938) $(1,557)
Pre-Tax Special Items* $2,207 $108 $(6,219) $3,265
(Provision for)/Benefit from
Income Taxes on Special Items 641 16 1,360 118
--- -- ----- ---
Income/(Loss) from Continuing
Operations Attributable to
Ford $(161) $997 $(8,797) $1,826
===== ==== ======= ======
(Provision for)/Benefit from
Income Taxes applied to
Pre-Tax Results from
Continuing Operations
(Excluding Special Items) $(178) $(155) $(549) $(78)
(Provision for)/Benefit from
Income Taxes on Special Items 641 16 1,360 118
--- -- ----- ---
(Provision for)/Benefit from
Income Taxes $463 $(139) $811 $40
==== ----- ==== ===
