Thread regarding Ford layoffs

Everything woke turns to schitt. (famous quote)

Post ID: @2cio+1dEzZ75E

I found a site with Ford financials for the 1990's.

In 1998, peak stock price year free cash flow was 4,777b compared with $27,394b today.

I do agree that the EBITDA numbers were much better in the 1990's however now they have much more cash on hand and less debt.

https://www.barchart.com/stocks/quotes/F/cash-flow/annual?reportPage=5

@1ksx+1dEzZ75E
Creative accounting does not equate to financial strength.
Read the financial statements of solid profitable companies, then read Fords. See the differences? A neighborhood food-truck has better financial statements and better profit margins than Ford.
True Value of Assets - Liabilities = Company Value.
There is a reason why Ford debt is in junk status, people can see thru the creative accounting.

If you want to see something truly sad. Pull out Fords financial statements from 1990s and compare to today. You can more easily spot the new Ford financial reporting as well.

We are entering the first phase of communism in this Country.
Unless we have leadership change there will be secession from the United States. Too much division and lack of freedom. Some states will follow the Constitution and give the finger to the limp wristed supreme court. But hey we need to embrace diversity .... until the next attack from dearbornistan.

Post ID: @1xsw+1dEzZ75E

Read the financials

Cash Flow TTM
End Cash Position $27,394,000

Refresher:

A cash position represents the amount of cash that a company, investment fund, or bank has on its books at a specific point in time. The cash position is a sign of financial strength and liquidity. In addition to cash itself, this position often takes into consideration highly liquid assets, such as certificates of deposit, short-term government debt, and other cash equivalents.

Now that we are divided against one another cival war will be next

I refuse to buy unsecured bonds form a Auto Company. Even secured bonds I will not buy. Look what happened to those investors in the 2000's. But Ford did draw on their line of credit last year when COVID started. So you have to separate the Operations debt from Auto Loans from Credit. That will give you a picture of what's happening. 90+% Profits are coming from F-Series. That has to change or there will be nothing left.

The “cash” they have on hand is borrowed cash.
Read the financials.
If all of Fords debt was called they would fold.

They are not replacing the debt, they are paying it off. Read article below.

https://www.wsj.com/articles/ford-offers-to-buy-back-bonds-as-it-works-to-overhaul-balance-sheet-11636054591

"Buying back the debt with cash from its operations would help the auto manufacturer bring down its interest costs and reduce its debt levels. Ford said it expects to incur a charge in the range of $1 billion to $1.2 billion depending on which securities are bought back."

"Extinguishing its higher-priced debt could provide Ford with about $455 million in additional pretax income a year, said David Whiston, an equity analyst at Morningstar Research Services LLC."

In other words the company is not lowering its debt levels but rather looking to issue bonds they are calling green bonds at a lower interest rate than current debt. The green bonds will be used to pay off the higher interest debt.
They are hoping there are investors who will accept a lower interest rate because they are “green” bonds.
The question is if anyone will be willing to buy the unsecured bonds from an over leveraged company. Can’t fault them for trying though.