EX-99.4 5 k86881exv99w4.htm SECTOR BALANCE SHEET exv99w4
 

Exhibit 99.4

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

                 
    June 30,   December 31,
    2004
  2003
    (unaudited)        
ASSETS
               
Automotive
               
Cash and cash equivalents
  $ 5,937     $ 5,427  
Marketable securities
    11,537       10,749  
Loaned securities
    5,317       5,667  
 
   
 
     
 
 
Total cash, marketable and loaned securities
    22,791       21,843  
Receivables, net
    3,016       2,721  
Inventories
    10,614       9,181  
Deferred income taxes
    3,083       3,225  
Other current assets
    8,166       6,839  
 
   
 
     
 
 
Total current assets
    47,670       43,809  
Equity in net assets of affiliated companies
    1,897       1,930  
Net property
    40,680       41,993  
Deferred income taxes
    10,640       12,092  
Goodwill and other intangible assets
    6,187       6,254  
Assets of discontinued/held-for-sale operations
    2       68  
Other assets
    15,417       14,495  
 
   
 
     
 
 
Total Automotive assets
    122,493       120,641  
 
Financial Services
               
Cash and cash equivalents
    9,711       16,343  
Investments in securities
    1,156       1,123  
Finance receivables, net
    108,459       110,893  
Net investment in operating leases
    32,412       31,859  
Retained interest in sold receivables
    16,396       13,017  
Goodwill and other intangible assets
    999       1,008  
Assets of discontinued/held-for-sale operations
    385       388  
Other assets
    12,067       17,292  
Receivable from Automotive
    3,016       3,356  
 
   
 
     
 
 
Total Financial Services assets
    184,601       195,279  
 
   
 
     
 
 
Total assets
  $ 307,094     $ 315,920  
 
   
 
     
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Automotive
               
Trade payables
  $ 15,947     $ 15,289  
Other payables
    3,547       2,942  
Accrued liabilities
    35,415       32,171  
Debt payable within one year
    760       1,806  
Current payable to Financial Services
    598       124  
 
   
 
     
 
 
Total current liabilities
    56,267       52,332  
Senior debt
    12,987       13,832  
Subordinated debt
    5,155       5,155  
 
   
 
     
 
 
Total long-term debt
    18,142       18,987  
Other liabilities
    43,184       45,104  
Deferred income taxes
    1,652       2,352  
Liabilities of discontinued/held-for-sale operations
    21       94  
Payable to Financial Services
    2,418       3,232  
 
   
 
     
 
 
Total Automotive liabilities
    121,684       122,101  
Financial Services
               
Payables
    2,385       2,189  
Debt
    149,199       159,011  
Deferred income taxes
    11,010       11,061  
Other liabilities and deferred income
    8,379       9,211  
Liabilities of discontinued/held-for-sale operations
    91       37  
 
   
 
     
 
 
Total Financial Services liabilities
    171,064       181,509  
 
Minority interests
    785       659  
 
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
    5,341       5,374  
Accumulated other comprehensive income/(loss)
    (1,209 )     (414 )
Treasury stock
    (1,761 )     (1,749 )
Earnings retained for use in business
    11,171       8,421  
 
   
 
     
 
 
Total stockholders’ equity
    13,561       11,651  
 
   
 
     
 
 
Total liabilities and stockholders’ equity
  $ 307,094     $ 315,920