EX-99.4 6 k80087exv99w4.htm EX-99.4 SECTOR BALANCE SHEET EX-99.4 Sector Balance Sheet
 

Exhibit 99.4

Ford Motor Company and Subsidiaries
SECTOR BALANCE SHEET
(in millions)
                       
          September 30,     December 31,  
          2003     2002  
         
   
 
        (unaudited)      
ASSETS
               
Automotive
               
Cash and cash equivalents
  $ 6,817     $ 5,180  
Marketable securities
    12,226       17,464  
Loaned securities
    6,942        
 
 
   
 
     
Total cash, marketable and loaned securities
    25,985       22,644  
Receivables, net
    2,755       2,065  
Inventories
    10,085       6,980  
Deferred income taxes
    3,358       3,462  
Other current assets
    5,514       4,551  
Current receivable from Financial Services
    637       1,062  
 
 
   
 
     
Total current assets
    48,334       40,764  
Equity in net assets of affiliated companies
    1,858       2,470  
Net property
    40,471       36,364  
Deferred income taxes
    11,039       11,694  
Goodwill
    5,212       4,805  
Other intangible assets
    837       812  
Assets of discontinued/held-for-sale operations
          98  
Other assets
    11,408       10,783  
 
 
   
 
     
Total Automotive assets
    119,159       107,790  
Financial Services
               
Cash and cash equivalents
    21,070       7,070  
Investments in securities
    1,323       807  
Finance receivables, net
    109,173       97,030  
Net investment in operating leases
    33,761       40,055  
Retained interest in sold receivables
    10,203       17,618  
Goodwill
    763       752  
Other intangible assets
    241       248  
Assets of discontinued/held-for-sale operations
          2,406  
Other assets
    15,272       16,643  
Receivable from Automotive
    3,947       4,803  
 
 
   
 
     
Total Financial Services assets
    195,753       187,432  
 
 
   
 
     
Total assets
  $ 314,912     $ 295,222  
 
 
   
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Automotive
               
Trade payables
  $ 15,797     $ 14,606  
Other payables
    2,710       2,485  
Accrued liabilities
    31,348       27,644  
Debt payable within one year
    976       557  
 
 
   
 
     
Total current liabilities
    50,831       45,292  
Senior debt
    14,149       13,607  
Subordinated debt
    5,843        
 
 
   
 
   
Total long-term debt
    19,992       13,607  
Other liabilities
    48,849       46,886  
Deferred income taxes
    338       303  
Liabilities of discontinued/held-for-sale operations
    24       138  
Payable to Financial Services
    3,947       4,803  
 
 
   
 
     
Total Automotive liabilities
    123,981       111,029  
Financial Services
               
Payables
    2,235       1,890  
Debt
    159,268       148,058  
Deferred income taxes
    11,521       11,644  
Other liabilities and deferred income
    8,491       9,448  
Liabilities of discontinued/held-for-sale operations
          831  
Payable to Automotive
    637       1,062  
 
 
   
 
     
Total Financial Services liabilities
    182,152       172,933  
Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding solely junior subordinated debentures of the Company
          5,670  
Minority interests
    589        
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
    5,432       5,420  
Accumulated other comprehensive income/(loss)
    (4,756 )     (6,531 )
Treasury stock
    (1,903 )     (1,977 )
Earnings retained for use in business
    9,398       8,659  
 
 
   
 
     
Total stockholders’ equity
    8,190       5,590  
 
 
   
 
     
Total liabilities and stockholders’ equity
  $ 314,912     $ 295,222