EX-99.2 5 k74137exv99w2.htm CONSOLIDATED BALANCE SHEET exv99w2
 

Exhibit 99.2

Ford Motor Company and Subsidiaries
CONSOLIDATED BALANCE SHEET
As of December 31, 2002 and 2001
(in millions)

                     
        2002   2001
       
 
        (unaudited)   (unaudited)
             
ASSETS
               
Automotive
               
Cash and cash equivalents
  $ 5,180     $ 4,064  
Marketable securities
    17,464       10,949  
 
   
     
 
   
Total cash and marketable securities
    22,644       15,013  
Receivables, net
    2,065       2,181  
Inventories
    6,980       6,127  
Deferred income taxes
    3,462       2,595  
Other current assets
    4,551       6,153  
Current receivable from Financial Services
    1,062       938  
 
   
     
 
   
Total current assets
    40,764       33,007  
Equity in net assets of affiliated companies
    2,470       2,450  
Net property
    36,364       33,022  
Deferred income taxes
    11,694       5,981  
Goodwill
    4,805       5,213  
Other intangible assets
    812       1,125  
Other assets
    10,783       7,153  
Assets of discontinued and held-for-sale operations
    98       368  
 
   
     
 
   
Total Automotive assets
    107,790       88,319  
Financial Services
               
Cash and cash equivalents
  $ 7,070     $ 3,133  
Investments in securities
    807       628  
Finance receivables, net
    96,910       110,190  
Net investment in operating leases
    40,055       45,388  
Retained interest in sold receivables
    17,618       12,548  
Goodwill
    752       1,042  
Other intangible assets
    248       223  
Other assets
    16,763       9,224  
Assets of discontinued and held-for-sale operations
    2,406       2,136  
Receivable from Automotive
    4,803       3,712  
 
   
     
 
   
Total Financial Services assets
    187,432       188,224  
 
   
     
 
   
Total assets
  $ 295,222     $ 276,543  
 
   
     
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Automotive
               
Trade payables
  $ 14,606     $ 15,620  
Other payables
    2,485       4,224  
Accrued liabilities
    27,557       24,258  
Debt payable within one year
    557       302  
 
   
     
 
   
Total current liabilities
    45,205       44,404  
Long-term debt
    13,607       13,467  
Other liabilities
    46,886       30,873  
Deferred income taxes
    303       362  
Liabilities of discontinued and held-for-sale operations
    225       162  
Payable to Financial Services
    4,803       3,712  
 
   
     
 
   
Total Automotive liabilities
    111,029       92,980  
Financial Services
               
Payables
    2,724       1,484  
Debt
    148,058       153,034  
Deferred income taxes
    11,644       9,686  
Other liabilities and deferred income
    8,614       9,165  
Liabilities of discontinued and held for sale operations
    831       798  
Payable to Automotive
    1,062       938  
 
   
     
 
   
Total Financial Services liabilities
    172,933       175,105  
Company-obligated mandatorily redeemable preferred securities of a subsidiary trusts holding solely junior subordinated debentures of the Company
    5,670       672  
Stockholders’ equity
               
Capital stock
               
 
Preferred Stock, par value $1.00 per share (aggregate liquidation preference of $177 million)
    *       *  
 
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
    5,420       6,001  
Accumulated other comprehensive income/(loss)
    (6,531 )     (5,913 )
Treasury stock
    (1,977 )     (2,823 )
Earnings retained for use in business
    8,659       10,502  
 
   
     
 
   
Total stockholders’ equity
    5,590       7,786  
 
   
     
 
   
Total liabilities and stockholders’ equity
  $ 295,222     $ 276,543  
 
   
     
 


*   Less than $1 million