Exhibit 99.4
Ford Motor Company and Subsidiaries
SECTOR BALANCE SHEET
(in millions)
March 31, | December 31, | |||||||||||||
2003 | 2002 | |||||||||||||
(unaudited) | ||||||||||||||
ASSETS | ||||||||||||||
Automotive | ||||||||||||||
Cash and cash equivalents | $ | 7,138 | $ | 5,180 | ||||||||||
Marketable securities | 17,315 | 17,464 | ||||||||||||
Total cash and marketable securities | 24,453 | 22,644 | ||||||||||||
Receivables | 2,296 | 2,065 | ||||||||||||
Inventories | 7,953 | 6,980 | ||||||||||||
Deferred income taxes | 3,389 | 3,462 | ||||||||||||
Other current assets | 5,112 | 4,551 | ||||||||||||
Current receivable from Financial Services | 1,366 | 1,062 | ||||||||||||
Total current assets | 44,569 | 40,764 | ||||||||||||
Equity in net assets of affiliated companies | 2,479 | 2,470 | ||||||||||||
Net property | 36,556 | 36,364 | ||||||||||||
Deferred income taxes | 11,791 | 11,694 | ||||||||||||
Goodwill | 4,921 | 4,805 | ||||||||||||
Other intangible assets | 803 | 812 | ||||||||||||
Assets of discontinued/held-for-sale operations | 92 | 98 | ||||||||||||
Other assets | 11,536 | 10,783 | ||||||||||||
Total Automotive assets | 112,747 | 107,790 | ||||||||||||
Financial Services | ||||||||||||||
Cash and cash equivalents | 12,099 | 7,070 | ||||||||||||
Investments in securities | 623 | 807 | ||||||||||||
Finance receivables, net | 92,765 | 97,030 | ||||||||||||
Net investment in operating leases | 37,540 | 40,055 | ||||||||||||
Retained interest in sold receivables | 18,092 | 17,618 | ||||||||||||
Goodwill | 756 | 752 | ||||||||||||
Other intangible assets | 246 | 248 | ||||||||||||
Assets of discontinued/held-for-sale operations | — | 2,406 | ||||||||||||
Other assets | 15,822 | 16,643 | ||||||||||||
Receivable from Automotive | 4,503 | 4,803 | ||||||||||||
Total Financial Services assets | 182,446 | 187,432 | ||||||||||||
Total assets | $ | 295,193 | $ | 295,222 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||
Automotive | ||||||||||||||
Trade payables | $ | 15,477 | $ | 14,606 | ||||||||||
Other payables | 2,540 | 2,485 | ||||||||||||
Accrued liabilities | 29,734 | 27,644 | ||||||||||||
Debt payable within one year | 329 | 557 | ||||||||||||
Total current liabilities | 48,080 | 45,292 | ||||||||||||
Long-term debt | 13,643 | 13,607 | ||||||||||||
Other liabilities | 47,928 | 46,886 | ||||||||||||
Deferred income taxes | 231 | 303 | ||||||||||||
Liabilities of discontinued/held-for-sale operations | 89 | 138 | ||||||||||||
Payable to Financial Services | 4,503 | 4,803 | ||||||||||||
Total Automotive liabilities | 114,474 | 111,029 | ||||||||||||
Financial Services | ||||||||||||||
Payables | 2,463 | 1,890 | ||||||||||||
Debt | 145,038 | 148,058 | ||||||||||||
Deferred income taxes | 11,502 | 11,644 | ||||||||||||
Other liabilities and deferred income | 7,948 | 9,448 | ||||||||||||
Liabilities of discontinued/held-for-sale operations | — | 831 | ||||||||||||
Payable to Automotive | 1,366 | 1,062 | ||||||||||||
Total Financial Services liabilities | 168,317 | 172,933 | ||||||||||||
Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding solely junior subordinated debentures of the Company | 5,670 | 5,670 | ||||||||||||
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 | 5,435 | 5,420 | ||||||||||||
Accumulated other comprehensive income/(loss) | (6,119 | ) | (6,531 | ) | ||||||||||
Treasury stock | (1,974 | ) | (1,977 | ) | ||||||||||
Earnings retained for use in business | 9,371 | 8,659 | ||||||||||||
Total stockholders’ equity | 6,732 | 5,590 | ||||||||||||
Total liabilities and stockholders’ equity | $ | 295,193 | $ | 295,222 | ||||||||||