Exhibit 99.7
Ford Motor Company and Subsidiaries
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
For the Periods Ended March 31, 2003 and 2002
(in millions)
First Quarter | ||||||||||
2003 | 2002 | |||||||||
(unaudited) | ||||||||||
Cash and cash equivalents at January 1 | $ | 12,251 | $ | 7,197 | ||||||
Cash flows from operating activities before securities trading | 7,614 | 6,079 | ||||||||
Net sales/(purchases) of trading securities | 190 | (462 | ) | |||||||
Net cash flows from operating activities | 7,804 | 5,617 | ||||||||
Cash flows from investing activities | ||||||||||
Capital expenditures | (1,496 | ) | (1,717 | ) | ||||||
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 | (715 | ) | (722 | ) | ||||||
Sales and maturities of securities | 681 | 591 | ||||||||
Proceeds from sales of receivables and lease investments | 10,966 | 15,399 | ||||||||
Proceeds from sale of businesses | 157 | — | ||||||||
Cash paid for acquisitions | (8 | ) | (37 | ) | ||||||
Other | 47 | 228 | ||||||||
Net cash (used in)/provided by investing activities | 2,392 | 6,089 | ||||||||
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 | 2,190 | (6,822 | ) | |||||||
Proceeds from issuance of other debt | 3,952 | 9,563 | ||||||||
Principal payments on other debt | (10,718 | ) | (10,293 | ) | ||||||
Repayment of debt from discontinued operations | 1,421 | — | ||||||||
Other | 17 | 32 | ||||||||
Net cash (used in)/provided by financing activities | (3,343 | ) | (2,861 | ) | ||||||
Effect of exchange rate changes on cash | 133 | (49 | ) | |||||||
Net increase/(decrease) in cash and cash equivalents | 6,986 | 8,796 | ||||||||
Cash and cash equivalents at March 31 | $ | 19,237 | $ | 15,993 | ||||||