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 | |
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| | | | | 2003 | | | 2002 | |
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| | | | | (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 | ) |
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| | |
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| | | 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 | |
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| | |
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| | | 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 | |
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| | | Net cash (used in)/provided by financing activities | | | (3,343 | ) | | | (2,861 | ) |
| Effect of exchange rate changes on cash | | | 133 | | | | (49 | ) |
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| | | Net increase/(decrease) in cash and cash equivalents | | | 6,986 | | | | 8,796 | |
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| Cash and cash equivalents at March 31 | | $ | 19,237 | | | $ | 15,993 | |
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