Exhibit 99.3
Ford Motor Company and Subsidiaries
CONSOLIDATED STATEMENT OF INCOME
For the Periods Ended September 30, 2003 and 2002
(in millions, except per share amounts)
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| | | | Third Quarter | | | Nine Months | |
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| | | | 2003 | | | 2002 | | | 2003 | | | 2002 | |
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| | | | (unaudited) | | | (unaudited) | |
Sales and revenues | | | | | | | | | | | | | | | | |
| Automotive sales | | $ | 30,337 | | | $ | 32,396 | | | $ | 98,719 | | | $ | 99,764 | |
| Financial Services revenue | | | 6,551 | | | | 6,942 | | | | 19,727 | | | | 21,242 | |
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| | Total sales and revenues | | | 36,888 | | | | 39,338 | | | | 118,446 | | | | 121,006 | |
| Automotive interest income | | | 445 | | | | 378 | | | | 727 | | | | 661 | |
Costs and expenses | | | | | | | | | | | | | | | | |
| Cost of sales | | | 28,437 | | | | 30,568 | | | | 91,205 | | | | 92,736 | |
| Selling, administrative and other expenses | | | 5,973 | | | | 6,177 | | | | 18,027 | | | | 18,603 | |
| Interest expense | | | 1,925 | | | | 2,208 | | | | 5,709 | | | | 6,778 | |
| Provision for credit and insurance losses | | | 530 | | | | 792 | | | | 1,802 | | | | 2,523 | |
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| | Total costs and expenses | | | 36,865 | | | | 39,745 | | | | 116,743 | | | | 120,640 | |
Automotive equity in net income/(loss)
of affiliated companies | | | (45 | ) | | | (17 | ) | | | 48 | | | | (97 | ) |
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Income/(loss) before income taxes | | | 423 | | | | (46 | ) | | | 2,478 | | | | 930 | |
| Provision for/(benefit from) income taxes | | | 141 | | | | 81 | | | | 672 | | | | 350 | |
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Income/(loss) before minority interests | | | 282 | | | | (127 | ) | | | 1,806 | | | | 580 | |
| Minority interests in net income/(loss) of subsidiaries | | | 45 | | | | 117 | | | | 245 | | | | 285 | |
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Income/(loss) from continuing operations | | | 237 | | | | (244 | ) | | | 1,561 | | | | 295 | |
| Income/(loss) from discontinued/held-for-sale operations | | | 2 | | | | (27 | ) | | | (4 | ) | | | (48 | ) |
| Loss on disposal of discontinued/held-for-sale operations | | | — | | | | (55 | ) | | | (5 | ) | | | (95 | ) |
| Cumulative effect of change in accounting principle | | | (264 | ) | | | — | | | | (264 | ) | | | (1,002 | ) |
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Net income/(loss) | | $ | (25 | ) | | $ | (326 | ) | | $ | 1,288 | | | $ | (850 | ) |
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Income/(loss) attributable to Common and Class B Stock
after Preferred Stock dividends | | $ | (25 | ) | | $ | (330 | ) | | $ | 1,288 | | | $ | (861 | ) |
Average number of shares of Common and Class B
Stock outstanding | | | 1,831 | | | | 1,822 | | | | 1,832 | | | | 1,814 | |
AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK | | | | | | | | | | | | | | | | |
Basic income/(loss) | | | | | | | | | | | | | | | | |
| | Income/(loss) from continuing operations | | $ | 0.13 | | | $ | (0.14 | ) | | $ | 0.85 | | | $ | 0.16 | |
| | Income/(loss) from discontinued/held-for-sale operations | | | — | | | | (0.01 | ) | | | — | | | | (0.03 | ) |
| | Loss on disposal of discontinued/held-for-sale operations | | | — | | | | (0.03 | ) | | | — | | | | (0.05 | ) |
| | Cumulative effect of change in accounting principle | | | (0.14 | ) | | | — | | | | (0.15 | ) | | | (0.55 | ) |
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| | Net income/(loss) | | $ | (0.01 | ) | | $ | (0.18 | ) | | $ | 0.70 | | | $ | (0.47 | ) |
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Diluted income/(loss) | | | | | | | | | | | | | | | | |
| | Income/(loss) from continuing operations | | $ | 0.13 | | | $ | (0.14 | ) | | $ | 0.81 | | | $ | 0.16 | |
| | Income/(loss) from discontinued/held-for-sale operations | | | — | | | | (0.01 | ) | | | — | | | | (0.03 | ) |
| | Loss on disposal of discontinued/held-for-sale operations | | | — | | | | (0.03 | ) | | | — | | | | (0.05 | ) |
| | Cumulative effect of change in accounting principle | | | (0.14 | ) | | | — | | | | (0.13 | ) | | | (0.55 | ) |
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| | Net income/(loss) | | $ | (0.01 | ) | | $ | (0.18 | ) | | $ | 0.68 | | | $ | (0.47 | ) |
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Cash dividends | | $ | 0.10 | | | $ | 0.10 | | | $ | 0.30 | | | $ | 0.30 | |
