DETROIT — Ford Motor Co. on Thursday stated fourth-quarter web revenue jumped to $12.3 billion from a $2.8 billion loss a yr earlier, regardless of continued manufacturing and stock struggles stemming from the continuing semiconductor scarcity.

The revenue contains an $8.2 billion acquire from Ford’s funding in Rivian, the EV maker that went public in November, although Ford was within the black for the quarter even with out that and different one-time gadgets.

The automaker reported adjusted earnings of $2 billion earlier than curiosity and taxes, a 19 p.c improve from the identical interval a yr earlier.

Income within the quarter rose 5 p.c to $37.7 billion.

For the total yr, the automaker reported web revenue of $17.9 billion, up from the $1.3 billion loss it incurred in 2020, the primary yr of the coronavirus pandemic. It posted adjusted EBIT for 2021 of $10 billion, roughly 4 instances its 2020 earnings on that foundation and in keeping with its estimates after it reclassified its Rivian funding acquire.

Ford on Thursday projected that its adjusted EBIT would rise between 15 and 25 p.c in 2022, to a spread of $11.5 billion to $12.5 billion.