Exhibit 99.6
Ford Motor Company and Subsidiaries
CONDENSED SECTOR STATEMENT OF CASH FLOWS
For the Periods Ended March 31, 2003 and 2002
(in millions)
First Quarter 2003 | First Quarter 2002 | |||||||||||||||||
Financial | Financial | |||||||||||||||||
Automotive | Services | Automotive | Services | |||||||||||||||
(unaudited) | (unaudited) | |||||||||||||||||
Cash and cash equivalents at January 1 | $ | 5,180 | $ | 7,071 | $ | 4,064 | $ | 3,133 | ||||||||||
Cash flows from operating activities before securities trading | 2,953 | 4,661 | 2,333 | 3,746 | ||||||||||||||
Net sales/(purchases) of trading securities | 230 | (40 | ) | (437 | ) | (25 | ) | |||||||||||
Net cash flows from operating activities | 3,183 | 4,621 | 1,896 | 3,721 | ||||||||||||||
Cash flows from investing activities | ||||||||||||||||||
Capital expenditures | (1,416 | ) | (80 | ) | (1,536 | ) | (181 | ) | ||||||||||
Acquisitions of receivables and lease investments | — | (17,604 | ) | — | (21,714 | ) | ||||||||||||
Collections of receivables and lease investments | — | 10,749 | — | 14,855 | ||||||||||||||
Net acquisitions of daily rental vehicles | — | (385 | ) | — | (794 | ) | ||||||||||||
Purchases of securities | (566 | ) | (149 | ) | (537 | ) | (185 | ) | ||||||||||
Sales and maturities of securities | 474 | 207 | 452 | 139 | ||||||||||||||
Proceeds from sales of receivables and lease investments | — | 10,966 | — | 15,399 | ||||||||||||||
Proceeds from sale of businesses | — | 157 | — | — | ||||||||||||||
Net investing activity with Financial Services | 970 | — | (427 | ) | — | |||||||||||||
Cash paid for acquisitions | (8 | ) | — | (37 | ) | — | ||||||||||||
Other | — | 47 | — | 228 | ||||||||||||||
Net cash (used in)/provided by investing activities | (546 | ) | 3,908 | (2,085 | ) | 7,747 | ||||||||||||
Cash flows from financing activities | ||||||||||||||||||
Cash dividends | (183 | ) | — | (184 | ) | — | ||||||||||||
Net purchases of Common Stock | (22 | ) | — | (57 | ) | — | ||||||||||||
Proceeds from mandatorily redeemable convertible preferred securities | — | — | 4,900 | — | ||||||||||||||
Changes in short-term debt | (234 | ) | 2,424 | (93 | ) | (6,729 | ) | |||||||||||
Proceeds from issuance of other debt | 90 | 3,862 | 107 | 9,456 | ||||||||||||||
Principal payments on other debt | (78 | ) | (10,640 | ) | (60 | ) | (10,233 | ) | ||||||||||
Repayment of debt from discontinued operations | — | 1,421 | — | — | ||||||||||||||
Net financing activity with Automotive | — | (970 | ) | — | 427 | |||||||||||||
Other | (3 | ) | 20 | (5 | ) | 37 | ||||||||||||
Net cash (used in)/provided by financing activities | (430 | ) | (3,883 | ) | 4,608 | (7,042 | ) | |||||||||||
Effect of exchange rate changes on cash | 55 | 78 | (18 | ) | (31 | ) | ||||||||||||
Net transactions with Automotive/Financial Services | (304 | ) | 304 | (411 | ) | 411 | ||||||||||||
Net increase/(decrease) in cash and cash equivalents | 1,958 | 5,028 | 3,990 | 4,806 | ||||||||||||||
Cash and cash equivalents at March 31 | $ | 7,138 | $ | 12,099 | $ | 8,054 | $ | 7,939 | ||||||||||