Exhibit 99.4
Ford Motor Company and Subsidiaries
SECTOR BALANCE SHEET
(in millions)
SECTOR BALANCE SHEET
(in millions)
September 30, | December 31, | ||||||||||
2003 | 2002 | ||||||||||
(unaudited) | |||||||||||
ASSETS | |||||||||||
Automotive | |||||||||||
Cash and cash equivalents | $ | 6,817 | $ | 5,180 | |||||||
Marketable securities | 12,226 | 17,464 | |||||||||
Loaned securities | 6,942 | — | |||||||||
Total cash, marketable and loaned securities | 25,985 | 22,644 | |||||||||
Receivables, net | 2,755 | 2,065 | |||||||||
Inventories | 10,085 | 6,980 | |||||||||
Deferred income taxes | 3,358 | 3,462 | |||||||||
Other current assets | 5,514 | 4,551 | |||||||||
Current receivable from Financial Services | 637 | 1,062 | |||||||||
Total current assets | 48,334 | 40,764 | |||||||||
Equity in net assets of affiliated companies | 1,858 | 2,470 | |||||||||
Net property | 40,471 | 36,364 | |||||||||
Deferred income taxes | 11,039 | 11,694 | |||||||||
Goodwill | 5,212 | 4,805 | |||||||||
Other intangible assets | 837 | 812 | |||||||||
Assets of discontinued/held-for-sale operations | — | 98 | |||||||||
Other assets | 11,408 | 10,783 | |||||||||
Total Automotive assets | 119,159 | 107,790 | |||||||||
Financial Services | |||||||||||
Cash and cash equivalents | 21,070 | 7,070 | |||||||||
Investments in securities | 1,323 | 807 | |||||||||
Finance receivables, net | 109,173 | 97,030 | |||||||||
Net investment in operating leases | 33,761 | 40,055 | |||||||||
Retained interest in sold receivables | 10,203 | 17,618 | |||||||||
Goodwill | 763 | 752 | |||||||||
Other intangible assets | 241 | 248 | |||||||||
Assets of discontinued/held-for-sale operations | — | 2,406 | |||||||||
Other assets | 15,272 | 16,643 | |||||||||
Receivable from Automotive | 3,947 | 4,803 | |||||||||
Total Financial Services assets | 195,753 | 187,432 | |||||||||
Total assets | $ | 314,912 | $ | 295,222 | |||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
Automotive | |||||||||||
Trade payables | $ | 15,797 | $ | 14,606 | |||||||
Other payables | 2,710 | 2,485 | |||||||||
Accrued liabilities | 31,348 | 27,644 | |||||||||
Debt payable within one year | 976 | 557 | |||||||||
Total current liabilities | 50,831 | 45,292 | |||||||||
Senior debt | 14,149 | 13,607 | |||||||||
Subordinated debt | 5,843 | — | |||||||||
Total long-term debt | 19,992 | 13,607 | |||||||||
Other liabilities | 48,849 | 46,886 | |||||||||
Deferred income taxes | 338 | 303 | |||||||||
Liabilities of discontinued/held-for-sale operations | 24 | 138 | |||||||||
Payable to Financial Services | 3,947 | 4,803 | |||||||||
Total Automotive liabilities | 123,981 | 111,029 | |||||||||
Financial Services | |||||||||||
Payables | 2,235 | 1,890 | |||||||||
Debt | 159,268 | 148,058 | |||||||||
Deferred income taxes | 11,521 | 11,644 | |||||||||
Other liabilities and deferred income | 8,491 | 9,448 | |||||||||
Liabilities of discontinued/held-for-sale operations | — | 831 | |||||||||
Payable to Automotive | 637 | 1,062 | |||||||||
Total Financial Services liabilities | 182,152 | 172,933 | |||||||||
Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding solely junior subordinated debentures of the Company | — | 5,670 | |||||||||
Minority interests | 589 | — | |||||||||
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 | 5,432 | 5,420 | |||||||||
Accumulated other comprehensive income/(loss) | (4,756 | ) | (6,531 | ) | |||||||
Treasury stock | (1,903 | ) | (1,977 | ) | |||||||
Earnings retained for use in business | 9,398 | 8,659 | |||||||||
Total stockholders’ equity | 8,190 | 5,590 | |||||||||
Total liabilities and stockholders’ equity | $ | 314,912 | $ | 295,222 | |||||||