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In: Accounting

Create a 1 page overview of the financial report for each of the 3 companies (Ford,...

Create a 1 page overview of the financial report for each of the 3 companies (Ford, GM and Fiat Chrysler) Please go to the websites and pull up the financial reports

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Expert Solution

Fiat Chrysler Automobiles

FCA posted another record performance in 2017, achieving ambitious financial targets. FCA have now reached or exceeded all key financial goals for the first four years of the current five-year plan while also adhering to the principles of sustainability that will help ensure a vibrant and responsible future for the Group. It improved Adjusted EBIT by 16 percent to €7.1 billion, with Group margin increasing to 6.4 percent from 5.5 percent in 2016. Each segments was profitable and showed improvement over the prior year. Adjusted net profit climbed 50 percent to €3.8 billion and Net profit nearly doubled to €3.5 billion. It also generated €1.6 billion in cash flows from industrial operating activities which contributed to Net industrial debt being reduced by almost half, to €2.4 billion at year-end. Worldwide combined shipments came in at 4.7 million units and net revenues were €111 billion, both in line with 2016.

FCA's Total current assets stood at €36,274 millions and total non current assets is €60025 millions.

Its current liabilities is €47269 millions and non current liabilities is €28043 millions.

Its net profit is €3510 millions. Its BEPS is €2.27 and DEPS is €2.24.

Auditor express its opinion as the financial statements gives true and fair view.

Worldwide combined shipments came in at 4.7 million units and net revenues were €111 billion, both in line with 2016.

FORD Motors

In 2017 Ford motors achieved its eighth consecutive year of solid earnings and positive operating-related cash flow. Its consistent profitability has enabled it to distribute more than $15 billion to its shareholders since 2012.

Financial highlights :-

($ in billions)
Revenue 145.7
Operating margin 5.0%
Operating Cash flows 3.9
Net income attributable to Ford Motor Company 7.6
Adjusted pre-tax profit 8.4

FCA's Total current assets stood at $115,902 millions and total non current assets is $141906 millions.

Its current liabilities is $94,600 millions and non current liabilities is $128192 millions.

In auditors opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2017. Also,  the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2017, based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO.

General Motors Company

General Motors Company

GM Renaissance Center in Detroit, Michigan.

Formerly

General Motors Corporation

Type

Public
Traded as NYSE: GM
S&P 100 Component
S&P 500 Component
Industry Automotive
Predecessor Motor Liquidation Company
Founded June 8, 2009; 9 years ago
September 16, 1908; 109 years ago[1] (as the General Motors Corporation)
Founders William C. Durant
Charles Stewart Mott
Frederic L. Smith[citation needed]
Headquarters Detroit, Michigan, U.S.

Number of locations

396 facilities on six continents[2]

Area served

Worldwide (except Hong Kong, Macau, Cuba, Iran, North Korea, Somalia, Sudan, Syria, and Belize)

Key people

Mary T. Barra
(Chairman and CEO)[3]
Dan Ammann
(President)
Dhivya Suryadevara
(CFO)[4]
Products Automobiles
Automobile parts
Commercial vehicles

Production output

9,600,000 vehicles (2017)[5]
Services Vehicle financing
Revenue US$145.588 billion (2017)[5]

Operating income

US$10.016 billion (2017)[5]

Net income

US$ -3.864 billion (2017)[5]
Total assets US$212.482 billion (2017)[5]
Total equity US$ 35.001 billion (2017)[5]

Number of employees

180,000 (December 2017) [5][2]
Divisions Buick
Cadillac
Chevrolet
GMC
Subsidiaries

List[show]

Website www.gm.com
Footnotes / references
[6]

The GM Renaissance Center in Detroit, Michigan.

General Motors Company commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services. With global headquarters in Detroit's Renaissance Center, GM manufactures cars and trucks in 35 countries.

GM stock has a topline or revenue of $145.59B for 2017.  Net profit or loss currently stood at $-3.86B

General Motors Income Statement - Key Financial Ratios

PS Ratio (price sales ratio)

0.34

Operating Margin

4

Net Profit Margin

6.5

Dividend Yield

4.42%

Assets: GM total assets, which was at $212.48B for 2017.

Liabilities: The total liabilities for GM stock stand at $176.28B.


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