EX-99 5 e011702ex992.txt Exhibit 99.2
Ford Motor Company SELECTED CONSOLIDATED DETAIL ---------------------------- 2001 Compared with 2000 Fourth Quarter Full Year ------------------------------- ----------------------------- 2001 2000 2001 2000 -------------- ------------- ------------ ------------- Worldwide vehicle unit sales of cars and trucks (in thousands) - North America 1,114 1,209 4,292 4,933 - Outside North America 694 631 2,699 2,491 ------ ------ ------ ------ Total 1,808 1,840 6,991 7,424 ====== ====== ====== ====== Sales and revenues (Mils.) - Automotive $ 33,772 $ 35,107 $ 131,528 $ 141,230 - Financial Services 7,378 7,480 30,884 28,828 --------- --------- --------- --- --------- Total $ 41,150 $ 42,587 $ 162,412 $ 170,058 ========= ========= ========= ========= Net income (Mils.) - Automotive $ (4,708) $ 629 $ (6,267) $ 3,624 - Financial Services (360) 448 814 1,786 --------- --------- --------- --------- Income from continuing operations (5,068) 1,077 (5,453) 5,410 - Discontinued operation (Visteon) - - - 309 - Loss on spin-off of Visteon - - - (2,252) --------- --------- --------- --------- Total net income $ (5,068) $ 1,077 $ (5,453) $ 3,467 ========= ========= ========= ========= Adjusted net income from continuing operations (Mils.) a/ $ (860) $ 1,210 $ (782) $ 6,668 Unusual items (Mils.) - Fourth quarter impairment, restructuring, and other charges $ (4,106) $ - $ (4,106) - - SFAS 133 b/ (102) - (252) $ - - E-commerce and Automotive-related ventures - - (199) - - Mazda restructuring actions - - (114) - - Asset write-down related to Nemak venture - (133) - (133) - Land Rover inventory profit reduction - - - (106) - European charges - - - (1,019) --------- --------- --------- --------- Total unusual items $ (4,208) $ (133) $ (4,671) $ (1,258) ========= ========= ========= ========= Capital expenditures (Mils.) - Automotive $ 2,363 $ 2,510 $ 6,357 $ 7,393 - Financial Services 223 390 651 955 --------- --------- --------- --------- Total $ 2,586 $ 2,900 $ 7,008 $ 8,348 ========= ========= ========= ========= Automotive capital expenditures as a percentage of sales 7.0% 7.1% 4.8% 5.2% Automotive net cash at December 31 (Mils.) - Cash and marketable securities $ 15,028 $ 16,490 $ 15,028 $ 16,490 - VEBA 2,639 3,656 2,639 3,656 --------- --------- --------- --------- Gross cash including VEBA 17,667 20,146 17,667 20,146 - Debt 13,794 12,046 13,794 12,046 --------- --------- --------- --------- Automotive net cash including VEBA $ 3,873 $ 8,100 $ 3,873 $ 8,100 ========= ========= ========= ========= AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK Income assuming dilution - Automotive $ (2.61) $ 0.33 $ (3.47) $ 2.40 - Financial Services (0.20) 0.24 0.45 1.19 --------- --------- --------- --------- Subtotal (2.81) 0.57 (3.02) 3.59 - Discontinued operation (Visteon) - - - 0.21 - Loss on spin-off of Visteon - - - (1.50) --------- --------- --------- --------- Total $ (2.81) $ 0.57 $ $ 2.30 ========= ========= ==== ========= (3.02) Adjusted net income from continuing operations a/ $ (0.48) $ 0.64 $ (0.44) $ 3.26 c/ Unusual items - Fourth quarter impairment, restructuring, and other charges $ (2.27) $ - $ (2.27) $ - - SFAS 133 b/ (0.06) - (0.14) - - E-commerce and Automotive-related ventures - - (0.11) - Mazda restructuring actions - - (0.06) - - Asset write-down related to Nemak venture - (0.07) - (0.06) c/ - Land Rover inventory profit reduction - - - (0.05) c/ - European charges - - - (0.50) c/ --------- --------- --------- --------- Total unusual items $ (2.33) $ (0.07) $ (2.58) $ (0.61) c/ ========= ========= ========= =========
a/ Excludes unusual items disclosed by the Company. b/ Excluding precious metals charge in Fourth Quarter 2001. c/ In addition to excluding unusual items affecting income, also treats the Value Enhancement Plan like a stock split and share repurchase. Prior periods have been restated.