EX-99.6 8 k76192exv99w6.htm EX-99.6 CONDENSED SECTOR STATEMENT OF CASH FLOWS exv99w6
 

Exhibit 99.6

Ford Motor Company and Subsidiaries
CONDENSED SECTOR STATEMENT OF CASH FLOWS
For the Periods Ended March 31, 2003 and 2002
(in millions)

                                     
        First Quarter 2003     First Quarter 2002  
       
   
 
                Financial             Financial  
        Automotive     Services     Automotive     Services  
       
   
   
   
 
        (unaudited)     (unaudited)  
Cash and cash equivalents at January 1
   $ 5,180     $ 7,071     $ 4,064     $ 3,133  
 
                        
Cash flows from operating activities before securities trading
     2,953       4,661       2,333       3,746  
Net sales/(purchases) of trading securities
     230       (40 )     (437 )     (25 )
 
  
   
   
   
 
   
Net cash flows from operating activities
     3,183       4,621       1,896       3,721  
Cash flows from investing activities
                                
 
Capital expenditures
     (1,416 )     (80 )     (1,536 )     (181 )
 
Acquisitions of receivables and lease investments
     —       (17,604 )     —       (21,714 )
 
Collections of receivables and lease investments
     —       10,749       —       14,855  
 
Net acquisitions of daily rental vehicles
     —       (385 )     —       (794 )
 
Purchases of securities
     (566 )     (149 )     (537 )     (185 )
 
Sales and maturities of securities
     474       207       452       139  
 
Proceeds from sales of receivables and lease investments
     —       10,966       —       15,399  
 
Proceeds from sale of businesses
     —       157       —       —  
 
Net investing activity with Financial Services
     970       —       (427 )     —  
 
Cash paid for acquisitions
     (8 )     —       (37 )     —  
 
Other
     —       47       —       228  
 
  
   
   
   
 
   
Net cash (used in)/provided by investing activities
     (546 )     3,908       (2,085 )     7,747  
Cash flows from financing activities
                                
 
Cash dividends
     (183 )     —       (184 )     —  
 
Net purchases of Common Stock
     (22 )     —       (57 )     —  
 
Proceeds from mandatorily redeemable convertible preferred securities
     —       —       4,900       —  
 
Changes in short-term debt
     (234 )     2,424       (93 )     (6,729 )
 
Proceeds from issuance of other debt
     90       3,862       107       9,456  
 
Principal payments on other debt
     (78 )     (10,640 )     (60 )     (10,233 )
 
Repayment of debt from discontinued operations
     —       1,421       —       —  
 
Net financing activity with Automotive
     —       (970 )     —       427  
 
Other
     (3 )     20       (5 )     37  
 
  
   
   
   
 
   
Net cash (used in)/provided by financing activities
     (430 )     (3,883 )     4,608       (7,042 )
Effect of exchange rate changes on cash
     55       78       (18 )     (31 )
Net transactions with Automotive/Financial Services
     (304 )     304       (411 )     411  
 
  
   
   
   
 
   
Net increase/(decrease) in cash and cash equivalents
     1,958       5,028       3,990       4,806  
 
  
   
   
   
 
Cash and cash equivalents at March 31
   $ 7,138     $ 12,099     $ 8,054     $ 7,939