EX-99.4 6 k76192exv99w4.htm EX-99.4 SECTOR BALANCE SHEET exv99w4
 

Exhibit 99.4

Ford Motor Company and Subsidiaries
SECTOR BALANCE SHEET
(in millions)

                     
        March 31,     December 31,  
        2003     2002  
       
   
 
      (unaudited)                
ASSETS
               
Automotive
               
Cash and cash equivalents
  $ 7,138     $ 5,180  
Marketable securities
    17,315       17,464  
 
 
   
 
   
Total cash and marketable securities
    24,453       22,644  
Receivables
    2,296       2,065  
Inventories
    7,953       6,980  
Deferred income taxes
    3,389       3,462  
Other current assets
    5,112       4,551  
Current receivable from Financial Services
    1,366       1,062  
 
 
   
 
   
Total current assets
    44,569       40,764  
Equity in net assets of affiliated companies
    2,479       2,470  
Net property
    36,556       36,364  
Deferred income taxes
    11,791       11,694  
Goodwill
    4,921       4,805  
Other intangible assets
    803       812  
Assets of discontinued/held-for-sale operations
    92       98  
Other assets
    11,536       10,783  
 
 
   
 
   
Total Automotive assets
    112,747       107,790  
Financial Services
               
Cash and cash equivalents
    12,099       7,070  
Investments in securities
    623       807  
Finance receivables, net
    92,765       97,030  
Net investment in operating leases
    37,540       40,055  
Retained interest in sold receivables
    18,092       17,618  
Goodwill
    756       752  
Other intangible assets
    246       248  
Assets of discontinued/held-for-sale operations
          2,406  
Other assets
    15,822       16,643  
Receivable from Automotive
    4,503       4,803  
 
 
   
 
   
Total Financial Services assets
    182,446       187,432  
 
 
   
 
   
Total assets
  $ 295,193     $ 295,222  
 
 
   
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Automotive
               
Trade payables
  $ 15,477     $ 14,606  
Other payables
    2,540       2,485  
Accrued liabilities
    29,734       27,644  
Debt payable within one year
    329       557  
 
 
   
 
   
Total current liabilities
    48,080       45,292  
Long-term debt
    13,643       13,607  
Other liabilities
    47,928       46,886  
Deferred income taxes
    231       303  
Liabilities of discontinued/held-for-sale operations
    89       138  
Payable to Financial Services
    4,503       4,803  
 
 
   
 
   
Total Automotive liabilities
    114,474       111,029  
Financial Services
               
Payables
    2,463       1,890  
Debt
    145,038       148,058  
Deferred income taxes
    11,502       11,644  
Other liabilities and deferred income
    7,948       9,448  
Liabilities of discontinued/held-for-sale operations
          831  
Payable to Automotive
    1,366       1,062  
 
 
   
 
   
Total Financial Services liabilities
    168,317       172,933  
Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding solely junior subordinated debentures of the Company
    5,670       5,670  
Stockholders’ equity
               
Capital stock
               
 
Common Stock, par value $0.01 per share (1,837 million shares issued)
    18       18  
 
Class B Stock, par value $0.01 per share (71 million shares issued)
    1       1  
Capital in excess of par value of stock
    5,435       5,420  
Accumulated other comprehensive income/(loss)
    (6,119 )     (6,531 )
Treasury stock
    (1,974 )     (1,977 )
Earnings retained for use in business
    9,371       8,659  
 
 
   
 
   
Total stockholders’ equity
    6,732       5,590  
 
 
   
 
   
Total liabilities and stockholders’ equity
  $ 295,193     $ 295,222