EX-99.7 9 k76192exv99w7.htm EX-99.7 CONDENSED CONSOLIDATED STATEMENT OF CASH exv99w7
 

Exhibit 99.7

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

                     
        First Quarter  
       
 
        2003     2002  
       
   
 
        (unaudited)  
Cash and cash equivalents at January 1
  $ 12,251     $ 7,197  
 
Cash flows from operating activities before securities trading
    7,614       6,079  
Net sales/(purchases) of trading securities
    190       (462 )
 
 
   
 
   
Net cash flows from operating activities
    7,804       5,617  
Cash flows from investing activities
               
 
Capital expenditures
    (1,496 )     (1,717 )
 
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
    (715 )     (722 )
 
Sales and maturities of securities
    681       591  
 
Proceeds from sales of receivables and lease investments
    10,966       15,399  
 
Proceeds from sale of businesses
    157        
 
Cash paid for acquisitions
    (8 )     (37 )
 
Other
    47       228  
 
 
   
 
   
Net cash (used in)/provided by investing activities
    2,392       6,089  
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
    2,190       (6,822 )
 
Proceeds from issuance of other debt
    3,952       9,563  
 
Principal payments on other debt
    (10,718 )     (10,293 )
 
Repayment of debt from discontinued operations
    1,421        
 
Other
    17       32  
 
 
   
 
   
Net cash (used in)/provided by financing activities
    (3,343 )     (2,861 )
Effect of exchange rate changes on cash
    133       (49 )
 
 
   
 
   
Net increase/(decrease) in cash and cash equivalents
    6,986       8,796  
 
 
   
 
Cash and cash equivalents at March 31
  $ 19,237     $ 15,993