{
 "ok": true,
 "cik": "37996",
 "ticker": "F",
 "name": "Ford Motor Co",
 "filings": [
  {
   "form": "10-Q",
   "filed": "2026-07-29",
   "items": [],
   "url": "https://www.sec.gov/Archives/edgar/data/37996/000003799626000156/0000037996-26-000156-index.htm"
  },
  {
   "form": "8-K",
   "filed": "2026-07-28",
   "items": [
    "2.02 Results of Operations and Financial Condition",
    "9.01 Financial Statements and Exhibits"
   ],
   "url": "https://www.sec.gov/Archives/edgar/data/37996/000003799626000155/0000037996-26-000155-index.htm"
  },
  {
   "form": "8-K",
   "filed": "2026-07-02",
   "items": [
    "8.01 Other Events",
    "9.01 Financial Statements and Exhibits"
   ],
   "url": "https://www.sec.gov/Archives/edgar/data/37996/000003799626000151/0000037996-26-000151-index.htm"
  },
  {
   "form": "8-K",
   "filed": "2026-05-21",
   "items": [
    "1.01 Entry into a Material Definitive Agreement",
    "2.03 Creation of a Direct Financial Obligation",
    "8.01 Other Events",
    "9.01 Financial Statements and Exhibits"
   ],
   "url": "https://www.sec.gov/Archives/edgar/data/37996/000003799626000093/0000037996-26-000093-index.htm"
  },
  {
   "form": "8-K",
   "filed": "2026-05-19",
   "items": [
    "5.07 Submission of Matters to a Vote of Security Holders"
   ],
   "url": "https://www.sec.gov/Archives/edgar/data/37996/000003799626000090/0000037996-26-000090-index.htm"
  },
  {
   "form": "10-Q",
   "filed": "2026-04-30",
   "items": [],
   "url": "https://www.sec.gov/Archives/edgar/data/37996/000003799626000086/0000037996-26-000086-index.htm"
  }
 ],
 "events12m": 17,
 "healthWatch": {
  "window": "last 12 months",
  "since": "2025-09-26",
  "signals": [
   {
    "code": "2.06",
    "label": "Material impairment",
    "count": 1,
    "latest": {
     "filed": "2025-12-15",
     "url": "https://www.sec.gov/Archives/edgar/data/37996/000003799625000238/0000037996-25-000238-index.htm"
    }
   },
   {
    "code": "5.02",
    "label": "Director or officer change",
    "count": 2,
    "latest": {
     "filed": "2026-04-15",
     "url": "https://www.sec.gov/Archives/edgar/data/37996/000003799626000081/0000037996-26-000081-index.htm"
    }
   }
  ],
  "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt."
 },
 "sources": {
  "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000037996.json",
  "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=37996"
 },
 "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.",
 "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.",
 "edgar": "🫧 Edgar looked up Ford Motor Co ($F). Last filing: 10-Q, 2026-07-29. 17 event filings (8-K) in the past twelve months.",
 "auditor": {
  "changes": [],
  "nonReliance": [],
  "restatedSince": null
 },
 "metrics": {
  "fiscalYearEnd": "2025-12-31",
  "revenue": 187267000000,
  "revenueGrowth1y": 0.012297829095312185,
  "revenueGrowthPerYear": 0.08257674707294815,
  "yearsOfData": 5,
  "operatingMargin": -0.04896217699861695,
  "operatingMarginPrior": 0.028212030790520672,
  "netMargin": -0.0435848280796937,
  "operatingCashFlow": 21282000000,
  "capitalSpending": 8815000000,
  "freeCashFlow": 12467000000,
  "researchAndDevelopment": 9400000000,
  "researchShareOfRevenue": 0.050195709868796956,
  "cash": 23356000000,
  "longTermDebt": null,
  "longTermDebtChange": null,
  "revenueHistory": [
   {
    "fiscalYearEnd": "2021-12-31",
    "revenue": 136341000000
   },
   {
    "fiscalYearEnd": "2022-12-31",
    "revenue": 158057000000
   },
   {
    "fiscalYearEnd": "2023-12-31",
    "revenue": 176191000000
   },
   {
    "fiscalYearEnd": "2024-12-31",
    "revenue": 184992000000
   },
   {
    "fiscalYearEnd": "2025-12-31",
    "revenue": 187267000000
   }
  ],
  "totalEquity": 35952000000,
  "totalAssets": 289160000000,
  "equityRatio": 0.12433254945358971,
  "returnOnEquity": -0.22702492211838007,
  "dividendsPaid": 2989000000,
  "payoutRatio": null,
  "dividendPerShare": 0.75,
  "dividendYearsRising": 0,
  "dividendCut": true,
  "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.",
  "earningsPerShare": -2.06,
  "sharesOutstanding": 3979000000,
  "bookValuePerShare": 9.03543603920583,
  "revenuePerShare": 47.06383513445589,
  "range80": {
   "low": 171901748279.41434,
   "high": 204383887918.42337,
   "baseline": 193863718615.0884,
   "n": 1471,
   "band": "b10",
   "bandLabel": "$10B+",
   "method": "v4.1",
   "credibility": 0.5,
   "growthYears": 4,
   "ownVolatility": 0.06050908026116852,
   "classVolatility": 0.06659579566308972,
   "volatility": 0.06362526539847412
  },
  "ifPaceHeld": {
   "low": 171901748279.41434,
   "high": 204383887918.42337
  }
 },
 "edgarette": "🔖 Exposure: revenue $187.3B (FY2025). Experience: revenue up 1.2% on the year, up 8.3% a year over 4 years; operating margin -4.9%, down from 2.8%. Soundness: equity 12.4% of assets, return on equity -22.7%, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $171.9B and $204.4B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $159.3B to $219.1B. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, motor vehicles & passenger car bodies): operating margin -4.9% against a -2.1% median; growth 1.2% against -0.0%.",
 "peers": {
  "sic": 3711,
  "sicDescription": "Motor Vehicles & Passenger Car Bodies",
  "calendarYear": 2025,
  "minRevenue": 50000000,
  "depth": 4,
  "group": "3711",
  "growth": [
   -0.0003,
   12
  ],
  "opMargin": [
   -0.0205,
   11
  ],
  "equityRatio": [
   0.3067,
   11
  ]
 },
 "summary": "Ford Motor (F) grew revenue 1.2% in FY2025 to $187.3 billion, operating margin -4.9% against a -2.1% median for motor vehicles & passenger car bodies, equity 12.4% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.",
 "chart": "<figure class=\"cmp\"><figcaption>Ford Motor Co against its own record and its peers</figcaption><svg viewBox=\"0 0 560 138\" width=\"100%\" role=\"img\" aria-label=\"Comparison chart\"><rect x=\"0\" y=\"0\" width=\"560\" height=\"138\" fill=\"none\"/><text x=\"0\" y=\"34\" font-size=\"11\" fill=\"#6f6450\">Operating margin</text><rect x=\"148\" y=\"25\" width=\"338\" height=\"10\" rx=\"5\" fill=\"#efe7d6\"/><line x1=\"260.66666666666663\" y1=\"21\" x2=\"260.66666666666663\" y2=\"39\" stroke=\"#cfc5ae\" stroke-width=\"1\"/><line x1=\"249.11833333333334\" y1=\"20\" x2=\"249.11833333333334\" y2=\"40\" stroke=\"#c9a84c\" stroke-width=\"2.5\"/><title>Peer median -2.1%</title><circle cx=\"233.08464029077913\" cy=\"30\" r=\"6\" fill=\"#0a2240\" stroke=\"#fff\" stroke-width=\"1.5\"/><text x=\"494\" y=\"34\" font-size=\"11\" font-weight=\"700\" fill=\"#0a2240\">-4.9%</text><text x=\"0\" y=\"60\" font-size=\"11\" fill=\"#6f6450\">Revenue, on the year</text><rect x=\"148\" y=\"51\" width=\"338\" height=\"10\" rx=\"5\" fill=\"#efe7d6\"/><line x1=\"292.8571428571429\" y1=\"47\" x2=\"292.8571428571429\" y2=\"65\" stroke=\"#cfc5ae\" stroke-width=\"1\"/><line x1=\"292.7122857142857\" y1=\"46\" x2=\"292.7122857142857\" y2=\"66\" stroke=\"#c9a84c\" stroke-width=\"2.5\"/><title>Peer median -0.0%</title><circle cx=\"298.79523747745077\" cy=\"56\" r=\"6\" fill=\"#0a2240\" stroke=\"#fff\" stroke-width=\"1.5\"/><text x=\"494\" y=\"60\" font-size=\"11\" font-weight=\"700\" fill=\"#0a2240\">1.2%</text><text x=\"0\" y=\"86\" font-size=\"11\" fill=\"#6f6450\">Equity of assets</text><rect x=\"148\" y=\"77\" width=\"338\" height=\"10\" rx=\"5\" fill=\"#efe7d6\"/><line x1=\"251.6646\" y1=\"72\" x2=\"251.6646\" y2=\"92\" stroke=\"#c9a84c\" stroke-width=\"2.5\"/><title>Peer median 30.7%</title><circle cx=\"190.02440171531333\" cy=\"82\" r=\"6\" fill=\"#0a2240\" stroke=\"#fff\" stroke-width=\"1.5\"/><text x=\"494\" y=\"86\" font-size=\"11\" font-weight=\"700\" fill=\"#0a2240\">12.4%</text><text x=\"0\" y=\"112\" font-size=\"11\" fill=\"#6f6450\">Return on equity</text><rect x=\"148\" y=\"103\" width=\"338\" height=\"10\" rx=\"5\" fill=\"#efe7d6\"/><line x1=\"232.5\" y1=\"99\" x2=\"232.5\" y2=\"117\" stroke=\"#cfc5ae\" stroke-width=\"1\"/><circle cx=\"148\" cy=\"108\" r=\"6\" fill=\"#0a2240\" stroke=\"#fff\" stroke-width=\"1.5\"/><text x=\"494\" y=\"112\" font-size=\"11\" font-weight=\"700\" fill=\"#0a2240\">-22.7%</text><text x=\"0\" y=\"136\" font-size=\"10\" fill=\"#8b8375\">Gold tick: the median of 11–11 peers with $50M+ revenue in motor vehicles &amp; passenger car bodies</text></svg></figure>",
 "chartHorizon": "<figure class=\"cmp horizon\"><figcaption>Handed back now, or kept to compound</figcaption><svg viewBox=\"0 0 560 128\" width=\"100%\" role=\"img\" aria-label=\"Where the profit goes\"><text x=\"0\" y=\"14\" font-size=\"11\" fill=\"#6f6450\">Of each dollar of profit</text><text x=\"0\" y=\"76\" font-size=\"11\" fill=\"#6f6450\">Handed back per share</text><text x=\"250\" y=\"76\" font-size=\"11\" font-weight=\"700\" fill=\"#0a2240\">$0.75</text><text x=\"320\" y=\"76\" font-size=\"10.5\" fill=\"#8b8375\">cut in the latest year</text><text x=\"0\" y=\"94\" font-size=\"11\" fill=\"#6f6450\">Revenue growth it managed</text><text x=\"250\" y=\"94\" font-size=\"11\" font-weight=\"700\" fill=\"#0a2240\">1.2%</text><text x=\"320\" y=\"94\" font-size=\"10.5\" fill=\"#8b8375\">last year, for comparison</text></svg><p class=\"cmpnote\">Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.</p></figure>",
 "backtest": {
  "tests": 15,
  "hits": 12,
  "rate": 0.8,
  "method": "v4",
  "byYear": {
   "2011": [
    1,
    1
   ],
   "2012": [
    1,
    1
   ],
   "2013": [
    1,
    1
   ],
   "2014": [
    1,
    1
   ],
   "2015": [
    1,
    1
   ],
   "2016": [
    1,
    1
   ],
   "2017": [
    1,
    1
   ],
   "2018": [
    1,
    1
   ],
   "2019": [
    1,
    1
   ],
   "2020": [
    0,
    1
   ],
   "2021": [
    0,
    1
   ],
   "2022": [
    0,
    1
   ],
   "2023": [
    1,
    1
   ],
   "2024": [
    1,
    1
   ],
   "2025": [
    1,
    1
   ]
  },
  "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample."
 },
 "registry": {
  "logged": "2026-09-26T16:33:52.176Z",
  "hash": "19cc5f2b89347087",
  "status": "open"
 },
 "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.",
 "schema": "pops4.edgarette.card/1",
 "card": {
  "summary": "Ford Motor (F) grew revenue 1.2% in FY2025 to $187.3 billion, operating margin -4.9% against a -2.1% median for motor vehicles & passenger car bodies, equity 12.4% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.",
  "exposure": {
   "fiscalYearEnd": "2025-12-31",
   "revenue": 187267000000,
   "totalDebt": null,
   "cash": 23356000000
  },
  "experience": {
   "revenueGrowth1y": 0.012297829095312185,
   "revenueGrowthPerYear": 0.08257674707294815,
   "operatingMargin": -0.04896217699861695,
   "operatingMarginPrior": 0.028212030790520672,
   "netMargin": -0.0435848280796937,
   "freeCashFlow": 12467000000
  },
  "soundness": {
   "equityRatio": 0.12433254945358971,
   "returnOnEquity": -0.22702492211838007,
   "payoutRatio": null,
   "dividendPerShare": 0.75,
   "dividendYearsRising": 0,
   "dividendCut": true,
   "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown."
  },
  "peers": {
   "sic": 3711,
   "sicDescription": "Motor Vehicles & Passenger Car Bodies",
   "calendarYear": 2025,
   "minRevenue": 50000000,
   "depth": 4,
   "group": "3711",
   "growth": [
    -0.0003,
    12
   ],
   "opMargin": [
    -0.0205,
    11
   ],
   "equityRatio": [
    0.3067,
    11
   ]
  },
  "credibility": {
   "auditedYears": 5,
   "weight": "reasonable",
   "standard": "ASOP No. 25",
   "nonReliance": null,
   "auditorChange": null
  },
  "healthWatch": {
   "window": "last 12 months",
   "since": "2025-09-26",
   "signals": [
    {
     "code": "2.06",
     "label": "Material impairment",
     "count": 1,
     "latest": {
      "filed": "2025-12-15",
      "url": "https://www.sec.gov/Archives/edgar/data/37996/000003799625000238/0000037996-25-000238-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-04-15",
      "url": "https://www.sec.gov/Archives/edgar/data/37996/000003799626000081/0000037996-26-000081-index.htm"
     }
    }
   ],
   "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt."
  },
  "range": {
   "low": 171901748279.41434,
   "high": 204383887918.42337,
   "baseline": 193863718615.0884,
   "coverage": 0.8,
   "method": "v4.1",
   "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024",
   "calibratedOn": {
    "companyYears": 1471,
    "sizeBand": "$10B+",
    "fitYears": [
     2018,
     2022
    ],
    "tuneYear": 2023,
    "testYear": 2024,
    "coverageOnTestYear": 0.8341
   },
   "credibility": {
    "weightOnOwnRecord": 0.5,
    "growthYears": 4,
    "ownVolatility": 0.06050908026116852,
    "classVolatility": 0.06659579566308972,
    "pricedVolatility": 0.06362526539847412,
    "k": 3
   },
   "stress": {
    "low": 159316487332.7614,
    "high": 219061889738.4171,
    "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included"
   },
   "kind": "a statistical range, not company guidance; no view on the share price",
   "track": {
    "backtest": {
     "tests": 15,
     "hits": 12,
     "rate": 0.8,
     "method": "v4",
     "byYear": {
      "2011": [
       1,
       1
      ],
      "2012": [
       1,
       1
      ],
      "2013": [
       1,
       1
      ],
      "2014": [
       1,
       1
      ],
      "2015": [
       1,
       1
      ],
      "2016": [
       1,
       1
      ],
      "2017": [
       1,
       1
      ],
      "2018": [
       1,
       1
      ],
      "2019": [
       1,
       1
      ],
      "2020": [
       0,
       1
      ],
      "2021": [
       0,
       1
      ],
      "2022": [
       0,
       1
      ],
      "2023": [
       1,
       1
      ],
      "2024": [
       1,
       1
      ],
      "2025": [
       1,
       1
      ]
     },
     "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample."
    },
    "registry": {
     "logged": "2026-09-26T16:33:52.176Z",
     "hash": "19cc5f2b89347087",
     "status": "open"
    },
    "scorecard": "https://www.pops4.com/boards/scorecard"
   }
  },
  "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.",
  "sources": {
   "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000037996.json",
   "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=37996"
  },
  "speedCash": {
   "fiscalYear": 2025,
   "cashConversion": 0.1136,
   "growth3y": 0.0582,
   "volatility": 0.0605,
   "paysDividend": true,
   "raisedDividend": false,
   "equityRatio": 0.1243,
   "quadrant": {
    "code": "fs",
    "label": "Fast and steady",
    "plain": "growing faster than its size class, with steadier revenue"
   },
   "compass": {
    "code": "steady",
    "inside": "Turns 11.4% of revenue into operating cash; revenue growing 5.8% a year over three years; pays a dividend.",
    "outside": "Among $10B+ companies: 43rd percentile for cash, 59th for growth.",
    "emoji": "🐂",
    "label": "Steady earner",
    "plain": "steady and paying a dividend, with average cash"
   },
   "band": "$10B+",
   "cashPctInClass": 43,
   "growthPctInClass": 59,
   "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class"
  },
  "harbor": {
   "signs": [
    {
     "key": "warning",
     "text": "filed material impairment in the last 12 months"
    }
   ],
   "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.",
   "level": 1,
   "name": "Sound ship",
   "plain": "one warning sign"
  },
  "cashFlow": {
   "fiscalYearEnd": "2025-12-31",
   "operating": 21282000000,
   "investing": -18049000000,
   "financing": -3205000000,
   "capitalSpending": 8815000000,
   "free": 12467000000,
   "trend": [
    {
     "fiscalYearEnd": "2021-12-31",
     "operating": 15787000000,
     "free": 9560000000
    },
    {
     "fiscalYearEnd": "2022-12-31",
     "operating": 6853000000,
     "free": -13000000
    },
    {
     "fiscalYearEnd": "2023-12-31",
     "operating": 14918000000,
     "free": 6682000000
    },
    {
     "fiscalYearEnd": "2024-12-31",
     "operating": 15423000000,
     "free": 6739000000
    },
    {
     "fiscalYearEnd": "2025-12-31",
     "operating": 21282000000,
     "free": 12467000000
    }
   ],
   "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)."
  },
  "investments": {
   "fiscalYearEnd": "2025-12-31",
   "cash": 23356000000,
   "shortTerm": 15131000000,
   "longTerm": null,
   "equityHoldings": null,
   "totalAssets": 289160000000,
   "ladder": null,
   "currentRatio": 1.07,
   "unrealizedGain": null,
   "unrealizedLoss": null,
   "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here."
  }
 },
 "definitions": {
  "operatingMargin": "Operating income divided by revenue.",
  "netMargin": "Net income divided by revenue.",
  "freeCashFlow": "Cash from operations minus spending on property and equipment.",
  "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.",
  "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.",
  "returnOnEquity": "Net income for the year against shareholders equity at year end.",
  "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.",
  "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.",
  "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.",
  "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.",
  "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.",
  "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.",
  "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt."
 },
 "speedCash": {
  "fiscalYear": 2025,
  "cashConversion": 0.1136,
  "growth3y": 0.0582,
  "volatility": 0.0605,
  "paysDividend": true,
  "raisedDividend": false,
  "equityRatio": 0.1243,
  "quadrant": {
   "code": "fs",
   "label": "Fast and steady",
   "plain": "growing faster than its size class, with steadier revenue"
  },
  "compass": {
   "code": "steady",
   "inside": "Turns 11.4% of revenue into operating cash; revenue growing 5.8% a year over three years; pays a dividend.",
   "outside": "Among $10B+ companies: 43rd percentile for cash, 59th for growth.",
   "emoji": "🐂",
   "label": "Steady earner",
   "plain": "steady and paying a dividend, with average cash"
  },
  "band": "$10B+",
  "cashPctInClass": 43,
  "growthPctInClass": 59,
  "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class"
 },
 "harbor": {
  "signs": [
   {
    "key": "warning",
    "text": "filed material impairment in the last 12 months"
   }
  ],
  "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.",
  "level": 1,
  "name": "Sound ship",
  "plain": "one warning sign"
 },
 "cashFlow": {
  "fiscalYearEnd": "2025-12-31",
  "operating": 21282000000,
  "investing": -18049000000,
  "financing": -3205000000,
  "capitalSpending": 8815000000,
  "free": 12467000000,
  "trend": [
   {
    "fiscalYearEnd": "2021-12-31",
    "operating": 15787000000,
    "free": 9560000000
   },
   {
    "fiscalYearEnd": "2022-12-31",
    "operating": 6853000000,
    "free": -13000000
   },
   {
    "fiscalYearEnd": "2023-12-31",
    "operating": 14918000000,
    "free": 6682000000
   },
   {
    "fiscalYearEnd": "2024-12-31",
    "operating": 15423000000,
    "free": 6739000000
   },
   {
    "fiscalYearEnd": "2025-12-31",
    "operating": 21282000000,
    "free": 12467000000
   }
  ],
  "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)."
 },
 "investments": {
  "fiscalYearEnd": "2025-12-31",
  "cash": 23356000000,
  "shortTerm": 15131000000,
  "longTerm": null,
  "equityHoldings": null,
  "totalAssets": 289160000000,
  "ladder": null,
  "currentRatio": 1.07,
  "unrealizedGain": null,
  "unrealizedLoss": null,
  "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here."
 }
}