Ford Motor Co. announced earnings and production results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenue was $36.5 billion against $34.6 billion a year ago. Pretax operating results were $1,681 million against $1,104 million a year ago. After tax operating results were $1,241 million against $797 million a year ago. Operating earnings per share was $0.31 against $0.20 a year ago. Net income attributable to the company after tax results was $1,598 million or $0.40 per share against $13,615 million or $3.40 per share a year ago. Diluted after tax results was $1,612 million or $0.40 per diluted share and after tax operating results, excluding special items was $1,252 million or $0.31 per diluted share. Cash flows from operating activities of continuing operations were $2.2 billion against $2.6 billion a year ago. Capital expenditure was $1.9 billion against $1.2 billion a year ago.

For the full year, the company reported revenue was $134.3 billion against $136.3 billion a year ago. Pretax operating results were $7,966 million against $8,763 million a year ago. After tax operating results were $5,596 million against $6,119 million a year ago. Operating earnings per share was $1.41 against $1.51 a year ago. Net income attributable to the company after tax results was $5,665 million or $1.42 per share against $20,213 million or $4.94 per share a year ago. Diluted after tax results was $5,713 million or $1.42 per diluted share and after tax operating results, excluding special items was $5,641 million or $1.41 per diluted share. Cash flows from operating activities of continuing operations were $6.3 billion against $9.4 billion a year ago. Capital expenditure was $5.5 billion against $4.3 billion a year ago.

In the fourth quarter, total company production was about 1.5 million units, 125,000 units higher than a year ago. This is 13,000 units higher than Ford's most recent guidance.

For the full year, the company produced 5.7 million units, up 54,000 from a year ago.

For the year 2013, the company expects pre-tax profit to be $8.0 billion, automotive operating margin to be 5.3%, automotive operating-related cash flow to be $3.4 billion. The company expects net interest expense to be higher than the fourth quarter 2012 run rate, reflecting the increase in Automotive debt associated with the company's recent issuance and lower interest income.

The company expects first quarter production to be about 1.6 million units, up 160,000 units from a year ago, reflecting higher volume in all regions except Europe.