SELECTED QUARTERLY FINANCIAL DATA (unaudited)
Selected financial data by calendar quarter were as follows (in millions, except per share amounts):
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| 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 |
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| | | | | | | | | | | | | | | |
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 |
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| | | | | | | | | | | | | | | |
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 |
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| | | | | | | | | | | | | | | |
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 |
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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).
