...10-K Ford Motor Company Bridgette Hare OMM622: Financial Decision-Making Instructor: John Kuhn July 28, 2014 10-K Ford Motor Company There are many forms and reports that need to be submitted to a range of people; the annual report is for shareholders and investors, tax documents to submit to the IRS, and a form 10-K for the SEC. The Form 10-K is specifically for providing comprehensive details of the company’s business and financial condition based upon audited financial statements that is given in addition to the annual report (Epstein, 2014). Though it is a part of the annual report, it provides four key parts that is used by the SEC to make sure that investors are receiving a legitimate picture of the organization’s business and financial condition (Epstein, 2014). The SEC or Securities and Exchange Commission was established in June 1934 to help investors get adequate information to make sound decision and make strong penalties to minimize the impact of unscrupulous or negligent market participants (Samuel, 2013). The Form 10-K is a formal yearly update that has updated financial statements and comprehensive details (Epstein, 2014). Business Operations, Financial Data, Information about Directors and Executives, and additional Exhibits are the four key parts that are supplied on the Form 10-K. The Business Operations part focuses on the basic business operations that includes new developments, unresolved comments from the SEC, and any key...
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...FINANCIAL ACCOUNTING Student`s Name: Institution`s Name: Date of Submission: Ford Motor Ford Motor is an American company that deals with selling of automobiles as well as commercial vehicles. The large scale manufacturing of vehicles in this company had enabled it to be among outstanding companies in the world. From the 2012 financial statement, the company had $125, 643,000 current assets and the total fixed assets were $190,554,000 with$ $68,715,000 total liabilities. In addition, the total stake equity was $15, 947, 000 therefore, from the financial status the cash available to settle the debts is $125,643,000. However from the 2012 annual report the company has also increased its investment to $15, 947,000. This is a positive move since it indicates that the company is moving towards achieving its goals (Ford Motor Inc, 2013). In addition, it also indicates that the company is operating at a profit although the margin is not significant. Further, comparing the net income for the company in the past three year, 2011 had a 20% decrease compared to, 2010 and 2012 was higher than 2012. Thus, ranking the presidents, the 2012 president had an A while the 2011 president and 2010 president has a C due to low net income. I have graded the three managers according to the net profit of the company when they were in charge (Ford Motor Inc, 2013). Wells Fargo & Company This is a company responsible...
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...Financial Ratios Dora Massey ACC205 Principals of Accounting 1 Instructor Brandy Havens October 6, 2014 In the world of business things can go right or wrong, there are many factors involved. Investors try to analyze a company by looking at and comparing different ratios. Ratios are divisible into categories such as liquidity measure, turnover and profitability. The quick and current ratios are monitored by investors to check the liquidity of a company. While knowing about a business is important, ratios are way to monitor and manage a business. The company that I chose to analyze is Exxon Mobile. This company produces oil and is the worlds largest publicly traded international oil and gas company. Exxon mobile applies science and innovation to find safer and cleaner ways to deliver energy. Their guiding principals are to achieve superior financial and operating results and have high ethical standards. This company incurred more than $1.40 in taxes for every dollar of net earnings. Although they are below the average of 8.6 cents per dollar of sales for all manufactures. In 2012 they had 26 billion to shareholders. According to George S. Ford the profit margin of major oil companies are...
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...Industry Forecasting: Ford Motor Company John G. Warner III BUS620: Managerial Marketing Dr. Susan Sasiadek March 18, 2013 Industry Forecasting: Ford Motor Company When Alan Mulally took over as Chief Executive Officer at Ford Motor Company in 2006 the organization was losing billions of dollars. According to Tony Schwartz (2010), “It had just come off reporting a $14.6 billion loss for 2008, its fourth losing year in a row” (para.1). The article Alan Mulally-Making Ford a Model for the Future illustrates the progress of Alan Mulally and the four simple principles that are making the company become profitable. Principles are important in any organization and an employee needs to feel important and motivated to come to work. These are a few of the principles that Alan Mulally have implemented since 2006: Stand for something beyond profit. Rally your employees around a shared mission. Practice a realistic optimism. Tell the truth without fear (Schwartz, 2010). The turnaround at Ford Motor Company was not overnight. He invested in the vision “One Ford” which has the idea of creating vehicles that will appeal to both American and European consumers by utilizing a common design theme that would move beyond the three-bar infatuation of the United States (Lavrinc, 2007). The transformation of the American icon was due to the One Ford vision and one year after 2008, Ford Motor Company reported a profit of $2.7 billion. This transformation would not have happened if...
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...The World of Finance Financial Management Denise Milligan American Intercontinental University- Online FINA310-08 Unit 1 IP Professor Michael James January 10, 2013 Introduction Stocks which are also known as equities, gives the stock owners or stockholders a share of ownership in the firm. People who buy stocks are known as investors and investors but stocks to make money. Some investors buy stocks to be able to vote shares and by doing so have some control of the company. Companies that sell their stock do so to raise capital for new product lines, expansion into new markets, or expanding existing facilities or building new facilities. These stocks are bought and sold, also known as traded, in the stock market. Two of those markets are the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation System (NASDAQ) (Career Education Corporation [CEC], 2012). NYSE The NYSE is a security exchange that trades stocks and bonds between investors. Corporations provide their stocks and bonds to be traded on the exchange to build capitol. The NYSE has a designated specialist for each stock, the stock is trade on what they call the trading floor at the NYSE building in New York, and this is an auction market. The designated specialist is a human shield designed to protect the stocks in case there are problems with the electronic trading (Brooks, R., 2013, p. 186). The NYSE has been a public exchange since 2006 but began trading...
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...Report Date: March 24, 2016 Price as of 03/24/2016 Idexx Laboratories Inc. $75.59 Consolidated Issue Listed on NASDAQ Global Select Market: IDXX HOLD We project that IDEXX will perform in line with the market over the next 6 to 12 months. This projection is based on our analysis of three key factors that influence common stock performance: earnings strength, relative valuation, and recent price movement. Reiteration 3/24/16 Previous Rating Buy (9/27/14 - 10/03/14) 52-Week Price Range $61.96 - $82.03 NEUTRAL neutral very negative Annual Dividend Yield -- Relative Valuation very positive Earnings Strength very negative Market Capitalization $6.77 Billions EPS increased from $2.03 to an estimated $2.09 over the past 5 quarters indicating an improving growth rate. Analyst forecasts have recently been raised. Company recently reported better than expected results. Annual Dividend Rate -- NEGATIVE neutral very positive Operating Earnings Yield of 2.8% ranks above 39% of the companies covered by Ford. Industry Medical Supplies & Equip Price Movement very negative NEUTRAL neutral very positive 1-year price down 0.9%: POSITIVE 1-quarter up 3.6%: NEGATIVE 1-month up 4.9%: NEUTRAL IDEXX Laboratories develops, manufactures and distributes products and provides services for the veterinary, bioresearch, water, livestock, poultry and dairy markets. The company’s Companion Animal Group operating segment...
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...Best practices in sustainability: Ford, Starbucks and more While the vast majority of US companies are asleep at the wheel when it comes to tackling climate change, these corporations are best in class, according to a new report. Ceres highlighted 18 US corporations as best in class for their sustainability efforts. While the vast majority of US companies are asleep at the wheel when it comes to facing up to multiple sustainability challenges, a select group is waking up to the need for urgent action. In a new report, Ceres, a non-profit focused on sustainable business, lambasted the lack of progress across American corporations in general – but also highlighted some companies that deserve praise. Critics would rightly say that there is not a single major corporation that is doing enough to adequately confront issues such as climate change and resource scarcity. But Ceres says a small but growing number of companies rank in the "top tiers" of performance across multiple disciplines, ranging from supply chain management to carbon emissions reductions. Its latest research shows that "companies with strong accountability systems - board oversight, clear policies on human rights and environmental management, active stakeholder engagement and disclosure - in many cases also have strong results on greenhouse gas emissions, use of renewable energy, strong work with suppliers, as well as driving sustainability into product and services". In order to encourage other businesses...
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...ANNUAL REPORT 2013 COMMUNITY DRIVEN VISION To actively contribute in meaningful and sustainable ways to communities, families in need and other worthy causes. MISSION To provide support and assistance to these community-focussed initiatives, by engaging the collaboration of A.P. Eagers and its automotive industry network, employees and other stakeholders. OBJECTIVES • • To encourage and support engagement by A.P. Eagers and its stakeholders in these initiatives. To secure voluntary assistance through financial support, sponsorship, skills transfer and in-kind donations to worthy and well-run organisations and other causes. To deliver 100 cents of every dollar donated to the intended recipients. To operate with the highest standards of integrity. • • From its earliest days, the company has been community driven. Reaching out to a local hospital for their ‘hospital tag day’ in November 1912, company founders Messrs. E.G. Eager and Son lent motor cars to nurses and children who collected over £70 in their fundraising initiative. (STATE LIBRARY OF QUEENSLAND 125907) On behalf of A.P. Eagers, I would like to introduce you to the A.P. Eagers Foundation. For over a hundred years we have been proactive contributors to the communities in which we serve. Through our dealerships and other operations, we have led the way in supporting hundreds of worthwhile groups ranging from local charities, community service groups and schools to sporting clubs, health initiatives...
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...Current Performance and Corporate Governance Introduction The purpose of this paper is to brief detail of the Ford Motor Company. The different aspect of their development and future production in discuss in the paper below. This company was selected by our team because of Ford Motor Company has come a long way despite having going through auto industry crash a couple of years ago. The company was founded in 1903 by Henry Ford. He was 39 when founded the company. He started producing cars in Detroit, Michigan where he introduce the first engine, which had a removable cylinder head and the first safety glass in windshield. Within a decade of starting, Ford led the world in the expansion and refinement of the assembly line. He also crested a scientific laboratory, which was responsible for the invention of the SQUID device. By the 1980’s, Ford introduces several highly successful vehicles around the world. Even to this day, no cannot think about getting a new car without thinking about some type of ford vehicle. Even though the first modern automobile was already created, Ford’s plan was to create a low price engine powered car that the average man could afford. 2014 was a year that started a successful plan into the right direction. Despite having a $12.6 billion in losses and plants years ago they have regain quite well for themselves. Their financial reports show a company growth and improvement in the fiscal health department. `Their pre-tax operating profit of $8.6 billion...
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...Chapter 16 Accounting for Income Taxes AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments, and faculty may approach assessment and its documentation differently, one approach is to provide specific questions on exams that become the basis for assessment. To aid faculty in this endeavor, we have labeled each question, exercise, and problem in Intermediate Accounting, 7e, with the following AACSB learning skills: Questions 16–1 16–2 16–3 16–4 16–5 16–6 16–7 16–8 16–9 16–10 16–11 16–12 16–13 16–14 16–15 AACSB Tags Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Reflective thinking Diversity, Reflective thinking Analytic Analytic Analytic Analytic Analytic Analytic Reflective thinking Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Analytic Exercises (cont.) 16–6 16–7 16–8 16–9 16–10 16–11 16–12 16–13 16–14 16–15 16–16 16–17 16–18 16–19 16–20 16–21 16–22 16–23 16–24 16–25 16–26 16–27 16–28 16–29 16–30 AACSB Tags Reflective thinking Analytic Analytic Analytic Analytic Analytic Communications Analytic Analytic Analytic Analytic, Reflective thinking Analytic Analytic Analytic Analytic Analytic...
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...Moreover, Toyota provides training to individuals that will improve the country’s level of knowledge. Furthermore, Toyota’s competitiveness will influence its rivals to operate in the same country. In addition, Toyota also operates in non-automotive business. Lastly, Toyota can improve its products and services in the country. Company Description: Toyota Motor Corporation, established by Kiichiro Toyota in 1937, is a Japan-based automaker company headquartered in Toyota, Aichi, Japan3. The company offers various types of vehicles such as sedans, minivans, 2BOX cars, sport-utility vehicles, and trucks, as well as car related parts and accessories. Moreover, Toyota extends its corporation to non-automotive business, including housing, financial services, communications, marine and biotechnology4. As of March 31, 2012, Toyota has a total of 325,905 employees. In 2011, Toyota’s net revenue was $228,427 million, while in 2012 its net revenue was $226,106 million. In addition, its net income decreased from $199, 824 million to $199,399 million. Furthermore, Toyota operates its business with 50 overseas manufacturing companies in 27 countries and regions, while...
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...major recession that came about in 2008 dried up private sources of capital and had the United Sates Treasury give GM a bridge loan to aide in the restructuring of its operations. Furthermore, it is evident that sales of motor vehicles have increased since the rescue of the auto industry each year since 2009 (http://www.treasury.gov/resource-center/). The economy is finally recovering and we will soon see if GM is in a place to again thrive. In the 80’s and 90’s GM encountered its largest single production expansion outside of North America in Spain. Furthermore, since GM had joint ventures in both China and India, they were able to provide a variety of automobiles and reach a broad customer base worldwide. Finally, in 1995 GM had annual sales that exceeded three million units outside of North America. GM also went onto form NUMMI, a joint venture with Toyota, and Saturn, that focused on making a new small car and a different way to carry out business (http://www.gm.com). Today, GM manufactures automobiles in over 30 countries and in 2011 produced...
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...G. Thulin Chairman of the Board, President and Chief Executive Officer 9MAR200510093546 March 25, 2015 Dear Stockholder: We are pleased to invite you to attend 3M’s Annual Meeting of Stockholders, which will be held on Tuesday, May 12, 2015, at 10:00 a.m., Central Daylight Time at a new location at the Palmer Events Center, 900 Barton Springs Road, Austin, Texas 78704. Our Electronics and Energy Business Group is headquartered in Austin, Texas and we are excited about having our Annual Meeting in Austin for the second time. We will also provide a live webcast of the meeting. Details regarding admission to the meeting and the business to be conducted are provided in the accompanying Notice of Annual Meeting and Proxy Statement. We will report on Company operations and discuss our future plans. There will also be time for your questions and comments. We sincerely hope you will be able to join us at the Annual Meeting. The fine attendance of our stockholders at annual meetings over the years has been very helpful in maintaining good communication. For information on how to attend the Annual Meeting, or listen to the live webcast, please read ‘‘Annual Meeting Admission’’ on page 1 of the accompanying Proxy Statement. Your vote is important. Whether or not you plan to attend the Annual Meeting, please vote as soon as possible. You may vote your proxy on the Internet, by telephone, or, if this Proxy Statement was mailed to you, by completing and mailing the...
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...MIDDLE EAST TECHNICAL UNIVERSITY BUSINESS ADMINISTRATION MBA 5801 Term Project: Analysis of Turkish Automative Industry and Review of Ford OTOSAN Hakan ERTÜRK 1611136 Contents 1) Historical Development and the Importance of Automative in Turkish Business Enviroment 3 a) History 3 b) Importance of Automative in Turkish Business Enviroment 7 2) Demand and Supply Structure of the Automative Sector 8 a) Sector Highlights: 8 b) Motor Vehicle Production and Sales in Turkey 9 c) Concentration of the sector 10 d) Chacteristics of products, elasticies, characteristics of consumers, entry and exit barriers, resources and capabilities of the firms, 11 3) Government Policies 12 4) International Competition 14 a) Passenger Car and Commercial Vehicle Market Import 14 b) Vehicle Market Export 14 5) Analysis Of FORD OTOSAN A.Ş. 15 a)Company Profile: 16 -Shareholders: 16 - Headquarter & Branches, Foreign Country Operations: 16 -Field of Operation 17 -Strategy of the Company: 17 -Financial indicators of the company 18 -Products, Export-Import and Domestic Market Performance: 19 -Research and Development: 19 6-Ratio Analysis: 21 7. Conclusion 23 8.Appendix 24 1) Historical Development and the Importance of Automative in Turkish Business Enviroment a) History The development of the Turkish automotive sector has been closely related to...
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...Kerrey Janet Van De Winkle Faculty Advisor Professor Thomas Gladwin Abstract The purpose of this report is to evaluate and articulate the business case for sustainability for General Motors Company (GM). After assessing the company’s exposure to risk and opportunities, the team recommends that GM should implement an internal price on carbon and a sustainable supply chain strategy. These recommendations will provide GM with tangible and substantial financial benefit in addition to improved risk mitigation and brand value. Additionally, the team found that these recommendations are viable within GM’s corporate structure and can generate systemic benefits throughout the company. Thank you to our client, David Tulauskas, and our advisor, Professor Thomas Gladwin. Executive Summary 4 Introduction 6 Client GM Corporate Overview 7 Sustainability & General Motors Sustinability & the Auto Industry Green Ranking Systems 14 Competitor Trends 17 About the Project Proposal & Opportunities Scoping 26 22 Contents 11 Research GM Interviews 28 Conferences 31 Corporate Trends & Innovations Regulations & Legislative Activity Recommendations Recommendation Development Carbon Monetization 39 Sustainable Supply Chain Strategy 32 35 36 42 Supporting Statements Support for Recommendations 45 Supporting Statements and Analysis Framework 48 #1: Reduce GM’s exposure to the financial risks associated with carbon regulations 49 #2: Mitigate operational risk in resource-constrained and/or...
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