EX-99 4 e071702ex991.txt Exhibit 99.1
Ford Motor Company SELECTED CONSOLIDATED DETAIL ---------------------------- 2002 Compared with 2001 Second Quarter First Half ---------------------------- ----------------------------- 2002 2001 2002 2001 ------------ ------------ ------------ ------------- (unaudited) (unaudited) Worldwide vehicle unit sales of cars and trucks (in thousands) - North America 1,183 1,143 2,275 2,245 - Outside North America 671 713 1,256 1,416 ----- ----- ----- ----- Total 1,854 1,856 3,531 3,661 ===== ===== ===== ===== Sales and revenues (Mils.) - Automotive $ 35,238 $ 34,552 $ 67,559 $ 69,202 - Financial Services 7,094 7,762 14,630 15,558 -------- -------- -------- -------- Total $ 42,332 $ 42,314 $ 82,189 $ 84,760 ======== ======== ======== ======== Net income (Mils.) - Automotive $ 178 $(1,194) $ (130) $ (505) - Financial Services 392 442 608 812 -------- ------- -------- -------- Income before cumulative effect of change in accounting principle 570 (752) 478 307 - Cumulative effect of change in accounting principle - - (1,002) - -------- ------- -------- -------- Total net income $ 570 $ (752) $ (524) $ 307 ======== ======= ======== ======== Adjusted net income before cumulative effect of change in accounting principle (Mils.) a/ $ 610 $ (551) $ 502 $ 580 Unusual items (Mils.) - SFAS 133 $ 1 $ (87) $ 17 $ (159) - End-of-life vehicle legislation (41) - (41) - - Mazda restructuring actions - (114) - (114) Capital expenditures (Mils.) - Automotive $ 1,402 $ 1,229 $ 2,938 $ 2,586 - Financial Services 119 99 300 230 -------- -------- -------- -------- Total $ 1,521 $ 1,328 $ 3,238 $ 2,816 ======== ======== ======== ======== Automotive capital expenditures as a percentage of sales 4.0% 3.6% 4.3% 3.7% Automotive net cash at June 30 (Mils.) - Cash and marketable securities $ 23,425 $ 16,205 $ 23,425 $ 16,205 - VEBA 1,480 2,729 1,480 2,729 -------- -------- -------- -------- Gross cash including VEBA 24,905 18,934 24,905 18,934 - Debt 14,050 12,061 14,050 12,061 -------- -------- -------- -------- Automotive net cash including VEBA $ 10,855 $ 6,873 $ 10,855 $ 6,873 ======== ======== ======== ======== AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK Income assuming dilution - Automotive $ 0.10 $ (0.66) $ (0.08) $ (0.28) - Financial Services 0.19 0.24 0.34 0.44 -------- -------- -------- -------- Subtotal 0.29 (0.42) 0.26 0.16 - Cumulative effect of change in accounting principle - - (0.55) - -------- -------- -------- -------- Total $ 0.29 $ (0.42) $ (0.29) $ 0.16 ======== ======== ======== ======== Adjusted net income before cumulative effect of change in accounting principle a/ $ 0.31 $ (0.31) $ 0.27 $ 0.31 Unusual items - SFAS 133 $ - $ (0.05) $ 0.01 $ (0.09) - End-of-life vehicle legislation (0.02) - (0.02) - - Mazda restructuring actions - (0.06) - (0.06) a/ Excludes unusual items disclosed by the Company
Prior periods have been reclassed.