FORD MOTOR CO | 2013 | FY | 3


SELECTED QUARTERLY FINANCIAL DATA (unaudited)

Selected financial data by calendar quarter were as follows (in millions, except per share amounts):
 
2013
 
2012
Automotive Sector
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenues
$
33,858

 
$
36,079

 
$
33,857

 
$
35,575

 
$
30,525

 
$
31,328

 
$
30,247

 
$
34,467

Income before income taxes
1,620

 
1,368

 
1,728

 
613

 
1,582

 
1,148

 
1,858

 
1,422

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Services Sector
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Revenues
$
1,791

 
$
1,844

 
$
1,918

 
$
1,995

 
$
1,758

 
$
1,709

 
$
1,744

 
$
1,781

Income before income taxes
503

 
451

 
363

 
355

 
456

 
447

 
388

 
419

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Company
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
2,123

 
$
1,819

 
$
2,091

 
$
968

 
$
2,038

 
$
1,595

 
$
2,246

 
$
1,841

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts Attributable to Ford Motor Company Common and Class B Shareholders
Net income
$
1,611

 
$
1,233

 
$
1,272

 
$
3,039

 
$
1,396

 
$
1,040

 
$
1,631

 
$
1,598

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common and Class B per share from income from continuing operations
Basic
$
0.41

 
$
0.31

 
$
0.32

 
$
0.77

 
$
0.37

 
$
0.27

 
$
0.43

 
$
0.42

Diluted
0.40

 
0.30

 
0.31

 
0.74

 
0.35

 
0.26

 
0.41

 
0.40



Certain of the quarterly results identified above include material unusual or infrequently occurring items as follows:

Results in the second, third, and fourth quarters of 2013 each include an unfavorable item for separation-related actions in Europe to support the Company’s transformation plan of $430 million, $215 million, and $113 million, respectively (see Note 21).

Results in the fourth quarter of 2012 and the second, third, and fourth quarters of 2013 each include an unfavorable item related to the U.S. salaried lump-sum pension buyout program of $250 million, $294 million, $145 million and $155 million, respectively (see Note 14).

The net income attributable to Ford Motor Company of $3 billion in the fourth quarter of 2013 includes favorable tax special items of $2.1 billion, including the impact of a one-time favorable increase in deferred tax assets related to investments in European operations and the release of valuation allowances held against other deferred tax assets (see Note 22).

The pre-tax income of $1.8 billion in the fourth quarter of 2012 includes a $625 million gain related to the reorganization of our equity investment in CFMA (see Note 23).

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