EX-99.3 6 k74137exv99w3.htm CONDENSED CONSOLIDATED STATEMENT exv99w3
 

Exhibit 99.3

Ford Motor Company and Subsidiaries
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
For the Periods Ended December 31, 2002 and 2001
(in millions)

                                     
        2002   2001
       
 
                Financial           Financial
        Automotive   Services   Automotive   Services
       
 
 
 
        (unaudited)   (unaudited)
Cash and cash equivalents at January 1
  $ 4,064     $ 3,133     $ 3,360     $ 1,417  
 
                               
Cash flows from operating activities before securities trading
    9,487       15,375       7,456       13,172  
Net sales/(purchases) of trading securities
    (6,206 )     (23 )     1,143       120  
 
   
     
     
     
 
 
Net cash flows from operating activities
    3,281       15,352       8,599       13,292  
Cash flows from investing activities
                               
 
Capital expenditures
    (6,776 )     (502 )     (6,301 )     (651 )
 
Acquisitions of other companies
                      (737 )
 
Acquisitions of receivables and lease investments
          (81,806 )           (94,061 )
 
Collections of receivables and lease investments
          45,777             45,110  
 
Net acquisitions of daily rental vehicles
          (1,846 )           (1,412 )
 
Purchases of securities
    (3,446 )     (609 )     (12,489 )     (734 )
 
Sales and maturities of securities
    3,445       479       13,866       759  
 
Proceeds from sales of receivables and lease investments
          41,289             41,419  
 
Proceeds from sale of businesses
    257                    
 
Net investing activity with Financial Services
    1,053             186        
 
Cash paid for acquisitions
    (289 )           (1,998 )      
 
Other
          407       367       250  
 
   
     
     
     
 
   
Net cash (used in)/provided by investing activities
    (5,756 )     3,189       (6,369 )     (10,057 )
Cash flows from financing activities
 
Cash dividends
    (743 )           (1,929 )      
 
Net sales/(purchases) of Common Stock
    287             (1,385 )      
 
Proceeds from mandatorily redeemable convertible preferred securities
    4,900                    
 
Preferred Stock — Series B redemption
    (177 )                    
 
Changes in short-term debt
    (25 )     (14,136 )     38       (18,274 )
 
Proceeds from issuance of other debt
    318       15,524       2,063       44,193  
 
Principal payments on other debt
    (859 )     (15,760 )     (1,122 )     (26,204 )
 
Net financing activity with Automotive
          (1,053 )           (186 )
 
Other
    (23 )     361       261       (249 )
 
   
     
     
     
 
   
Net cash (used in)/provided by financing activities
    3,678       (15,064 )     (2,074 )     (720 )
Effect of exchange rate changes on cash
    37       336       (101 )     (151 )
Net transactions with Automotive/Financial Services
    (124 )     124       649       (649 )
 
   
     
     
     
 
   
Net increase in cash and cash equivalents
    1,116       3,937       704       1,716  
 
   
     
     
     
 
Cash and cash equivalents at December 31
  $ 5,180     $ 7,070     $ 4,064     $ 3,133