Loading...
Docoh

Ford Motor Credit (FCZ)

Ford Motor Credit Company LLC was incorporated in Delaware in 1959 and converted to a limited liability company in 2007. We are an indirect, wholly owned subsidiary of Ford Motor Company (“Ford”). Our principal executive offices are located at One American Road, Dearborn, Michigan 48126, and our telephone number is (313) 322-3000.

Calendar

27 Jul 22
19 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.41B 6.41B 6.41B 6.41B 6.41B 6.41B
Cash burn (monthly) 1.43B 639.58M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 2.41B 1.08B n/a n/a n/a n/a
Cash remaining 4B 5.33B n/a n/a n/a n/a
Runway (months of cash) 2.8 8.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial report summary

?
Management Discussion
  • Our second quarter 2022 EBT was $903 million, $720 million lower than a year ago, primarily reflecting lower lease residual gains driven by lower lease return volume, unfavorable changes in net financing margin, lower volume due to supply constraints on new vehicle production, and lower credit loss reserve releases, partially offset by positive market valuation adjustments to derivatives (which is included in Other). ROE was 26.4%, 20.5 percentage points lower than a year ago driven by lower net income. Total net receivables were $2.1 billion lower than a year ago, a 2% decline, primarily reflecting lower volume due to supply constraints and lower Ford Credit share, and exchange, partially offset by an increase in wholesale receivables. The LTR ratio remained at a low level in the second quarter of 2022, at five basis points, 12 basis points higher than a year ago. Second quarter 2022 auction values were 8% higher than a year ago. Our balance sheet is strong and inherently liquid, reflecting cumulative debt maturities having a longer tenor than asset maturities. This means that we generate liquidity as our balance sheet size declines because of lower Ford volume. At the end of the second quarter, we had $25.0 billion in net liquidity.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: avoided, chartered, euro, FDIC, fewer, gradually, Surging, tender, tendered, tighten, Topic, Utah, wake, zone
Removed: April, reduced, spending
Proxies
No filings