EX-99 4 e101602ex991.txt Exhibit 99.1
Ford Motor Company SELECTED CONSOLIDATED DETAIL ---------------------------- 2002 Compared with 2001 Third Quarter First Nine Months ---------------------------- ----------------------------- 2002 2001 2002 2001 ------------ ------------ ------------ ------------- (unaudited) (unaudited) Worldwide vehicle unit sales of cars and trucks (in thousands) - North America 1,060 933 3,338 3,178 - Outside North America 597 589 1,853 2,005 ----- ----- ----- ----- Total 1,657 1,522 5,191 5,183 ===== ===== ===== ===== Sales and revenues (Mils.) - Automotive $ 32,445 $ 28,451 $ 99,971 $ 97,377 - Financial Services 7,135 7,873 21,765 23,253 -------- -------- -------- -------- Total $ 39,580 $ 36,324 $121,736 $120,630 ======== ======== ======== ======== Net income (Mils.) - Automotive $ (675) $ (1,054) $ (805) $ (1,559) - Financial Services 349 362 957 1,174 -------- -------- -------- -------- Income/(loss) before cumulative effect of change in accounting principle (326) (692) 152 (385) - Cumulative effect of change in accounting principle - - (1,002) - -------- -------- -------- -------- Total net income/(loss) $ (326) $ (692) $ (850) $ (385) ======== ======== ======== ======== Adjusted income/(loss) before cumulative effect of change in accounting principle (Mils.) a/ $ 220 $ (502) $ 722 $ 78 Unusual items (Mils.) - Interest Income on U.S. federal tax refund $ 142 $ - $ 142 $ - - Kwik-Fit and other held for sale entities (525) - (525) - - SFAS 133 (158) 9 (141) (150) - End-of-life vehicle legislation (5) - (46) - - E-commerce and Automotive-related ventures - (199) - (199) - Mazda restructuring actions - - - (114) Capital expenditures (Mils.) - Automotive $ 1,697 $ 1,408 $ 4,635 $ 3,994 - Financial Services 152 199 452 428 -------- -------- -------- -------- Total $ 1,849 $ 1,607 $ 5,087 $ 4,422 ======== ======== ======== ======== Automotive capital expenditures as a percentage of sales 5.2% 4.9% 4.6% 4.1% Automotive net cash at September 30 (Mils.) - Cash and marketable securities $ 24,819 $ 13,002 $ 24,819 $ 13,002 - VEBA 888 2,213 888 2,213 -------- -------- -------- -------- Gross cash including VEBA 25,707 15,215 25,707 15,215 - Debt 13,813 12,087 13,813 12,087 -------- -------- -------- -------- Automotive net cash including VEBA $ 11,894 $ 3,128 $ 11,894 $ 3,128 ======== ======== ======== ======== AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK Income assuming dilution - Automotive $ (0.37) $ (0.59) $ (0.44) $ (0.87) - Financial Services 0.19 0.20 0.52 0.65 -------- -------- -------- -------- Subtotal (0.18) (0.39) 0.08 (0.22) - Cumulative effect of change in accounting principle - - (0.55) - -------- -------- -------- -------- Total $ (0.18) $ (0.39) $ (0.47) $ (0.22) ======== ======== ======== ======== Adjusted net income/(loss) before cumulative effect of change in accounting principle a/ $ 0.12 $ (0.28) $ 0.39 $ 0.04 Unusual items - Interest Income on U.S. federal tax refund $ 0.08 $ - $ 0.08 $ - - Kwik-Fit and other held-for-sale entities (0.29) - (0.29) - - SFAS No. 133 (0.09) - (0.08) (0.08) - End-of-life vehicle legislation - - (0.02) - - E-commerce and Automotive-related ventures - (0.11) - (0.11) - Mazda restructuring actions - - - (0.07) a/ Excludes unusual items disclosed by the Company