Ford posts record profit
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JHZR2
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Isnt Ford in a LOT of debt? Like many, many billions?
I dont see there being such a thing as "profit" other than a made up metric on accountants' books, if you are in debt.
When they owe no long term obligations and are pulling in money hand over fist, then there is profit.
For now it is just deferred payments and interest liabilities... debt... that lets them "show" a profit.
Im sure plenty will disagree, and that is totally fine, I understand my claims are not how it works. I just see huge liabilities that mean that they owe more in total than they get in...
I dont see there being such a thing as "profit" other than a made up metric on accountants' books, if you are in debt.
When they owe no long term obligations and are pulling in money hand over fist, then there is profit.
For now it is just deferred payments and interest liabilities... debt... that lets them "show" a profit.
Im sure plenty will disagree, and that is totally fine, I understand my claims are not how it works. I just see huge liabilities that mean that they owe more in total than they get in...
Originally Posted By: JHZR2
Isnt Ford in a LOT of debt? Like many, many billions?
I dont see there being such a thing as "profit" other than a made up metric on accountants' books, if you are in debt.
When they owe no long term obligations and are pulling in money hand over fist, then there is profit.
For now it is just deferred payments and interest liabilities... debt... that lets them "show" a profit.
Im sure plenty will disagree, and that is totally fine, I understand my claims are not how it works. I just see huge liabilities that mean that they owe more in total than they get in...
True, but they're not in debt to the US Government...
Isnt Ford in a LOT of debt? Like many, many billions?
I dont see there being such a thing as "profit" other than a made up metric on accountants' books, if you are in debt.
When they owe no long term obligations and are pulling in money hand over fist, then there is profit.
For now it is just deferred payments and interest liabilities... debt... that lets them "show" a profit.
Im sure plenty will disagree, and that is totally fine, I understand my claims are not how it works. I just see huge liabilities that mean that they owe more in total than they get in...
True, but they're not in debt to the US Government...
That's great! I've always been a big Ford fan (see sig) an think their product lineup is the strongest it's ever been. Excepting the Focus and Escape, I would be happy to own and drive ANY car they make right now. I'm especially jonesin' hard for an '11 Stang GT. My hopes are to find a good deal on a used one late next year.
Seeing a company grow profitability the right way just further proves to me that what our country needs is not bailouts and federalization of everything, but good hard work, innovation, and efficiency in processing.
Seeing a company grow profitability the right way just further proves to me that what our country needs is not bailouts and federalization of everything, but good hard work, innovation, and efficiency in processing.
Originally Posted By: JHZR2
Isnt Ford in a LOT of debt? Like many, many billions?
I dont see there being such a thing as "profit" other than a made up metric on accountants' books, if you are in debt.
When they owe no long term obligations and are pulling in money hand over fist, then there is profit.
For now it is just deferred payments and interest liabilities... debt... that lets them "show" a profit.
Im sure plenty will disagree, and that is totally fine, I understand my claims are not how it works. I just see huge liabilities that mean that they owe more in total than they get in...
Yes they have a lot of debt.... But they have more cash on hand than they do debt, and they are gaining more every day.
Isnt Ford in a LOT of debt? Like many, many billions?
I dont see there being such a thing as "profit" other than a made up metric on accountants' books, if you are in debt.
When they owe no long term obligations and are pulling in money hand over fist, then there is profit.
For now it is just deferred payments and interest liabilities... debt... that lets them "show" a profit.
Im sure plenty will disagree, and that is totally fine, I understand my claims are not how it works. I just see huge liabilities that mean that they owe more in total than they get in...
Yes they have a lot of debt.... But they have more cash on hand than they do debt, and they are gaining more every day.
Originally Posted By: musicmanbass
That's great! I've always been a big Ford fan (see sig) an think their product lineup is the strongest it's ever been. Excepting the Focus and Escape, I would be happy to own and drive ANY car they make right now. I'm especially jonesin' hard for an '11 Stang GT. My hopes are to find a good deal on a used one late next year.
Seeing a company grow profitability the right way just further proves to me that what our country needs is not bailouts and federalization of everything, but good hard work, innovation, and efficiency in processing.
My Focus has been outstanding.
That's great! I've always been a big Ford fan (see sig) an think their product lineup is the strongest it's ever been. Excepting the Focus and Escape, I would be happy to own and drive ANY car they make right now. I'm especially jonesin' hard for an '11 Stang GT. My hopes are to find a good deal on a used one late next year.
Seeing a company grow profitability the right way just further proves to me that what our country needs is not bailouts and federalization of everything, but good hard work, innovation, and efficiency in processing.
My Focus has been outstanding.
Originally Posted By: tig1
Originally Posted By: musicmanbass
That's great! I've always been a big Ford fan (see sig) an think their product lineup is the strongest it's ever been. Excepting the Focus and Escape, I would be happy to own and drive ANY car they make right now. I'm especially jonesin' hard for an '11 Stang GT. My hopes are to find a good deal on a used one late next year.
Seeing a company grow profitability the right way just further proves to me that what our country needs is not bailouts and federalization of everything, but good hard work, innovation, and efficiency in processing.
My Focus has been outstanding.
+1
Though the new focus will be even better I'm sure, the 2008-2011 MY Focus are still really good. 4000 miles and not a single problem yet. *Knock on wood*
Originally Posted By: musicmanbass
That's great! I've always been a big Ford fan (see sig) an think their product lineup is the strongest it's ever been. Excepting the Focus and Escape, I would be happy to own and drive ANY car they make right now. I'm especially jonesin' hard for an '11 Stang GT. My hopes are to find a good deal on a used one late next year.
Seeing a company grow profitability the right way just further proves to me that what our country needs is not bailouts and federalization of everything, but good hard work, innovation, and efficiency in processing.
My Focus has been outstanding.
+1
Though the new focus will be even better I'm sure, the 2008-2011 MY Focus are still really good. 4000 miles and not a single problem yet. *Knock on wood*
Originally Posted By: Nick R
Originally Posted By: JHZR2
Isnt Ford in a LOT of debt? Like many, many billions?
I dont see there being such a thing as "profit" other than a made up metric on accountants' books, if you are in debt.
When they owe no long term obligations and are pulling in money hand over fist, then there is profit.
For now it is just deferred payments and interest liabilities... debt... that lets them "show" a profit.
Im sure plenty will disagree, and that is totally fine, I understand my claims are not how it works. I just see huge liabilities that mean that they owe more in total than they get in...
Yes they have a lot of debt.... But they have more cash on hand than they do debt, and they are gaining more every day.
How can they have more "cash on hand" and still be in debt?
That's like saying I have a $200k mortgage that I pay hefty interest on, but I have $300k in the bank sitting right now. It just doesn't make sense, hence [censored].
If you mean that if they liquidated all their assets and combined it with whatever cash they have on hand, it would be more than the debt they have, that’s totally different and really irrelevant in this discussion.
The good news is that they are actually making profit on each car they sell, so that their income is greater than expanses, this way they can pay off their debt.
Originally Posted By: JHZR2
Isnt Ford in a LOT of debt? Like many, many billions?
I dont see there being such a thing as "profit" other than a made up metric on accountants' books, if you are in debt.
When they owe no long term obligations and are pulling in money hand over fist, then there is profit.
For now it is just deferred payments and interest liabilities... debt... that lets them "show" a profit.
Im sure plenty will disagree, and that is totally fine, I understand my claims are not how it works. I just see huge liabilities that mean that they owe more in total than they get in...
Yes they have a lot of debt.... But they have more cash on hand than they do debt, and they are gaining more every day.
How can they have more "cash on hand" and still be in debt?
That's like saying I have a $200k mortgage that I pay hefty interest on, but I have $300k in the bank sitting right now. It just doesn't make sense, hence [censored].
If you mean that if they liquidated all their assets and combined it with whatever cash they have on hand, it would be more than the debt they have, that’s totally different and really irrelevant in this discussion.
The good news is that they are actually making profit on each car they sell, so that their income is greater than expanses, this way they can pay off their debt.
Originally Posted By: KrisZ
Originally Posted By: Nick R
Originally Posted By: JHZR2
Isnt Ford in a LOT of debt? Like many, many billions?
I dont see there being such a thing as "profit" other than a made up metric on accountants' books, if you are in debt.
When they owe no long term obligations and are pulling in money hand over fist, then there is profit.
For now it is just deferred payments and interest liabilities... debt... that lets them "show" a profit.
Im sure plenty will disagree, and that is totally fine, I understand my claims are not how it works. I just see huge liabilities that mean that they owe more in total than they get in...
Yes they have a lot of debt.... But they have more cash on hand than they do debt, and they are gaining more every day.
How can they have more "cash on hand" and still be in debt?
That's like saying I have a $200k mortgage that I pay hefty interest on, but I have $300k in the bank sitting right now. It just doesn't make sense, hence [censored].
If you mean that if they liquidated all their assets and combined it with whatever cash they have on hand, it would be more than the debt they have, that’s totally different and really irrelevant in this discussion.
The good news is that they are actually making profit on each car they sell, so that their income is greater than expanses, this way they can pay off their debt.
Sorry, they will have more cash than debt sometime in 2011. But just because they have the cash doesn't mean they will pay off all the debt at once. I'm assuming they will pay it off on schedule. If you owe 15,000 on a car, and you get a check for 15,000 and that is all the money you have.... Do you dump every single penny to pay off the debt and leave no money left for anything else? Of course not that would be stupid.
Originally Posted By: Nick R
Originally Posted By: JHZR2
Isnt Ford in a LOT of debt? Like many, many billions?
I dont see there being such a thing as "profit" other than a made up metric on accountants' books, if you are in debt.
When they owe no long term obligations and are pulling in money hand over fist, then there is profit.
For now it is just deferred payments and interest liabilities... debt... that lets them "show" a profit.
Im sure plenty will disagree, and that is totally fine, I understand my claims are not how it works. I just see huge liabilities that mean that they owe more in total than they get in...
Yes they have a lot of debt.... But they have more cash on hand than they do debt, and they are gaining more every day.
How can they have more "cash on hand" and still be in debt?
That's like saying I have a $200k mortgage that I pay hefty interest on, but I have $300k in the bank sitting right now. It just doesn't make sense, hence [censored].
If you mean that if they liquidated all their assets and combined it with whatever cash they have on hand, it would be more than the debt they have, that’s totally different and really irrelevant in this discussion.
The good news is that they are actually making profit on each car they sell, so that their income is greater than expanses, this way they can pay off their debt.
Sorry, they will have more cash than debt sometime in 2011. But just because they have the cash doesn't mean they will pay off all the debt at once. I'm assuming they will pay it off on schedule. If you owe 15,000 on a car, and you get a check for 15,000 and that is all the money you have.... Do you dump every single penny to pay off the debt and leave no money left for anything else? Of course not that would be stupid.
Once again, WAY TO GO FORD!
Keep in mind that Ford did not accept any government financial help like GM did. GM now pretty much starts with a somewhat clean slate while Ford has to pay off their debt. Ford kind of chose the old fashion way speaking you pay what you owe and that is the reason why Ford is the most respected auto maker in the USA. They also have, by far, the best automotive CEO (Alan Mulally)in existence. Without Mulally Ford would have been in DC with their hand out like GM and Chrysler. Although I own a Ford product I am much more a GM guy but if I was buying new today I would buy a Ford.
Originally Posted By: Jim_Beverlin
Keep in mind that Ford did not accept any government financial help like GM did. GM now pretty much starts with a somewhat clean slate while Ford has to pay off their debt. Ford kind of chose the old fashion way speaking you pay what you owe and that is the reason why Ford is the most respected auto maker in the USA. They also have, by far, the best automotive CEO (Alan Mulally)in existence. Without Mulally Ford would have been in DC with their hand out like GM and Chrysler. Although I own a Ford product I am much more a GM guy but if I was buying new today I would buy a Ford.
I agree. Alan Mulally is the best thing to ever happen to ford, excepting Henry Ford himself.
Keep in mind that Ford did not accept any government financial help like GM did. GM now pretty much starts with a somewhat clean slate while Ford has to pay off their debt. Ford kind of chose the old fashion way speaking you pay what you owe and that is the reason why Ford is the most respected auto maker in the USA. They also have, by far, the best automotive CEO (Alan Mulally)in existence. Without Mulally Ford would have been in DC with their hand out like GM and Chrysler. Although I own a Ford product I am much more a GM guy but if I was buying new today I would buy a Ford.
I agree. Alan Mulally is the best thing to ever happen to ford, excepting Henry Ford himself.
Originally Posted By: mrsilv04
Originally Posted By: JHZR2
Isnt Ford in a LOT of debt? Like many, many billions?
I dont see there being such a thing as "profit" other than a made up metric on accountants' books, if you are in debt.
When they owe no long term obligations and are pulling in money hand over fist, then there is profit.
For now it is just deferred payments and interest liabilities... debt... that lets them "show" a profit.
Im sure plenty will disagree, and that is totally fine, I understand my claims are not how it works. I just see huge liabilities that mean that they owe more in total than they get in...
True, but they're not in debt to the US Government...
Remember they have alot of people that switched because of that, as a GM guy I did too. Great news to Ford, I am really liking their products and tempting to purchase one.
Originally Posted By: JHZR2
Isnt Ford in a LOT of debt? Like many, many billions?
I dont see there being such a thing as "profit" other than a made up metric on accountants' books, if you are in debt.
When they owe no long term obligations and are pulling in money hand over fist, then there is profit.
For now it is just deferred payments and interest liabilities... debt... that lets them "show" a profit.
Im sure plenty will disagree, and that is totally fine, I understand my claims are not how it works. I just see huge liabilities that mean that they owe more in total than they get in...
True, but they're not in debt to the US Government...
Remember they have alot of people that switched because of that, as a GM guy I did too. Great news to Ford, I am really liking their products and tempting to purchase one.
Last edited:
Originally Posted By: Nick R
Sorry, they will have more cash than debt sometime in 2011. But just because they have the cash doesn't mean they will pay off all the debt at once. I'm assuming they will pay it off on schedule. If you owe 15,000 on a car, and you get a check for 15,000 and that is all the money you have.... Do you dump every single penny to pay off the debt and leave no money left for anything else? Of course not that would be stupid.
How about not have any debt on the vehicle that looses value QUICKLY every day?
If I have a $15,000 check and that is the ONLY money I have, the last thing I should have is a $15,000 debt.
Wish more people would ignore this new math. Esp when you add many zeros on the end of these numbers.
Good for Ford. While I now don't see any of their new products (went out and looked at them last week) in my fleet soon its nice to see how the CORRECT way to do business can be done.
Bill
Sorry, they will have more cash than debt sometime in 2011. But just because they have the cash doesn't mean they will pay off all the debt at once. I'm assuming they will pay it off on schedule. If you owe 15,000 on a car, and you get a check for 15,000 and that is all the money you have.... Do you dump every single penny to pay off the debt and leave no money left for anything else? Of course not that would be stupid.
How about not have any debt on the vehicle that looses value QUICKLY every day?
If I have a $15,000 check and that is the ONLY money I have, the last thing I should have is a $15,000 debt.
Wish more people would ignore this new math. Esp when you add many zeros on the end of these numbers.
Good for Ford. While I now don't see any of their new products (went out and looked at them last week) in my fleet soon its nice to see how the CORRECT way to do business can be done.
Bill
JHZR2
Staff member
Originally Posted By: Jim_Beverlin
Keep in mind that Ford did not accept any government financial help like GM did. GM now pretty much starts with a somewhat clean slate while Ford has to pay off their debt. Ford kind of chose the old fashion way speaking you pay what you owe and that is the reason why Ford is the most respected auto maker in the USA. They also have, by far, the best automotive CEO (Alan Mulally)in existence. Without Mulally Ford would have been in DC with their hand out like GM and Chrysler. Although I own a Ford product I am much more a GM guy but if I was buying new today I would buy a Ford.
I don't disagree, and let's not turn this into a GM bashing thread or else it will not continue. Ford did take on debt to continue operations and then turned around the company. There was a good article on this in money or smartmoney magazine recently.
It just strikes me as funny that they claim "profit" when severely in debt. I have a mortgage that is higher than my salary. Just because I have dollars in my account after paying all the bills, funding retirement, etc. I don't claim that I am really "in the black". Im still a debtor.
The good news will be when they are making money AND have none of that debt. And, as I understand it, they are paying it down pretty quick...
Just hope they still have some made in USA vehicles when Im in the market for one.
Keep in mind that Ford did not accept any government financial help like GM did. GM now pretty much starts with a somewhat clean slate while Ford has to pay off their debt. Ford kind of chose the old fashion way speaking you pay what you owe and that is the reason why Ford is the most respected auto maker in the USA. They also have, by far, the best automotive CEO (Alan Mulally)in existence. Without Mulally Ford would have been in DC with their hand out like GM and Chrysler. Although I own a Ford product I am much more a GM guy but if I was buying new today I would buy a Ford.
I don't disagree, and let's not turn this into a GM bashing thread or else it will not continue. Ford did take on debt to continue operations and then turned around the company. There was a good article on this in money or smartmoney magazine recently.
It just strikes me as funny that they claim "profit" when severely in debt. I have a mortgage that is higher than my salary. Just because I have dollars in my account after paying all the bills, funding retirement, etc. I don't claim that I am really "in the black". Im still a debtor.
The good news will be when they are making money AND have none of that debt. And, as I understand it, they are paying it down pretty quick...
Just hope they still have some made in USA vehicles when Im in the market for one.
Originally Posted By: Nick R
Originally Posted By: tig1
Originally Posted By: musicmanbass
That's great! I've always been a big Ford fan (see sig) an think their product lineup is the strongest it's ever been. Excepting the Focus and Escape, I would be happy to own and drive ANY car they make right now. I'm especially jonesin' hard for an '11 Stang GT. My hopes are to find a good deal on a used one late next year.
Seeing a company grow profitability the right way just further proves to me that what our country needs is not bailouts and federalization of everything, but good hard work, innovation, and efficiency in processing.
My Focus has been outstanding.
+1
Though the new focus will be even better I'm sure, the 2008-2011 MY Focus are still really good. 4000 miles and not a single problem yet. *Knock on wood*
Sorry guys, I wasn't trying to dis your cars. I simply have no desire for a Focus or Escape. I think they are both fine cars... I just don't want one. In fact, I have recommended both to friends recently, and one of them actually went with the Escape. I couldn't get another to see the light, and they bought a Spectra... ugh!
Originally Posted By: tig1
Originally Posted By: musicmanbass
That's great! I've always been a big Ford fan (see sig) an think their product lineup is the strongest it's ever been. Excepting the Focus and Escape, I would be happy to own and drive ANY car they make right now. I'm especially jonesin' hard for an '11 Stang GT. My hopes are to find a good deal on a used one late next year.
Seeing a company grow profitability the right way just further proves to me that what our country needs is not bailouts and federalization of everything, but good hard work, innovation, and efficiency in processing.
My Focus has been outstanding.
+1
Though the new focus will be even better I'm sure, the 2008-2011 MY Focus are still really good. 4000 miles and not a single problem yet. *Knock on wood*
Sorry guys, I wasn't trying to dis your cars. I simply have no desire for a Focus or Escape. I think they are both fine cars... I just don't want one. In fact, I have recommended both to friends recently, and one of them actually went with the Escape. I couldn't get another to see the light, and they bought a Spectra... ugh!
We've had this conversation before, but I'll re-iterate it:
If the $15,000 can be used for purposes which improve profitability beyond what the loan costs in interest, then that is what the money should be used for.
If the $15,000 can be used for purposes which improve profitability beyond what the loan costs in interest, then that is what the money should be used for.
Well from what I read on CNN money yesterday, it seems they are creating more US jobs. 1,200 new full time positions in michigan coming soon. Alot of it going to Van Dyke Transmission, Livonia Transmission, Dearborn Truck Plant,and Sterling Axle.
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