EX-99.7 9 k82214exv99w7.htm EX-99.7 CONDENSED CONSOLID. STMT. OF CASH FLOWS exv99w7
 

Exhibit 99.7

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

                     
        Full Year  
       
 
        2003     2002  
       
   
 
        (unaudited)          
Cash and cash equivalents at January 1
  $ 12,221     $ 7,184  
 
Cash flows from operating activities before securities trading
    18,388       24,740  
Net sales/(purchases) of trading securities
    1,807       (6,229 )
 
 
   
 
   
Net cash flows from operating activities
    20,195       18,511  
Cash flows from investing activities
               
 
Capital expenditures
    (7,749 )     (7,276 )
 
Acquisitions of receivables and lease investments
    (62,980 )     (81,690 )
 
Collections of receivables and lease investments
    42,727       45,767  
 
Net acquisitions of daily rental vehicles
    (1,505 )     (1,846 )
 
Purchases of securities
    (10,074 )     (4,055 )
 
Sales and maturities of securities
    9,382       3,924  
 
Proceeds from sales of receivables and lease investments
    21,145       41,289  
 
Proceeds from sale of businesses
    281       257  
 
Repayment of debt from discontinued operations
    1,421        
 
Cash paid for acquisitions
          (289 )
 
Cash recognized on initial consolidation of joint ventures
    256        
 
Other
    771       407  
 
 
   
 
   
Net cash (used in)/provided by investing activities
    (6,325 )     (3,512 )
Cash flows from financing activities
               
 
Cash dividends
    (733 )     (743 )
 
Net sales/(purchases) of Common Stock
    9       287  
 
Proceeds from mandatorily redeemable convertible preferred securities
          4,900  
 
Preferred Stock — Series B redemption
          (177 )
 
Changes in short-term debt
    1,305       (14,171 )
 
Proceeds from issuance of other debt
    23,086       15,842  
 
Principal payments on other debt
    (28,780 )     (16,619 )
 
Other
    (19 )     346  
 
 
   
 
   
Net cash (used in)/provided by financing activities
    (5,132 )     (10,335 )
Effect of exchange rate changes on cash
    811       373  
 
 
   
 
   
Net increase/(decrease) in cash and cash equivalents
    9,549       5,037  
 
 
   
 
Cash and cash equivalents at December 31
  $ 21,770     $ 12,221