Exhibit 99.7
Ford Motor Company and Subsidiaries
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
For the Periods Ended September 30, 2003 and 2002
(in millions)
Nine Months | ||||||||||
2003 | 2002 | |||||||||
(unaudited) | ||||||||||
Cash and cash equivalents at January 1 | $ | 12,250 | $ | 7,197 | ||||||
Cash flows from operating activities before securities trading | 18,193 | 22,334 | ||||||||
Net sales/(purchases) of trading securities | 1,350 | (4,751 | ) | |||||||
Net cash flows from operating activities | 19,543 | 17,583 | ||||||||
Cash flows from investing activities | ||||||||||
Capital expenditures | (5,839 | ) | (5,084 | ) | ||||||
Acquisitions of receivables and lease investments | (42,305 | ) | (60,461 | ) | ||||||
Collections of receivables and lease investments | 33,921 | 38,204 | ||||||||
Net acquisitions of daily rental vehicles | (1,487 | ) | (1,658 | ) | ||||||
Purchases of securities | (7,846 | ) | (1,883 | ) | ||||||
Sales and maturities of securities | 4,725 | 1,622 | ||||||||
Proceeds from sales of receivables and lease investments | 15,781 | 28,237 | ||||||||
Proceeds from sale of businesses | 281 | — | ||||||||
Repayment of debt from discontinued operations | 1,421 | — | ||||||||
Cash paid for acquisitions | — | (22 | ) | |||||||
Cash recognized on consolidation of joint ventures | 256 | — | ||||||||
Other | 716 | 618 | ||||||||
Net cash (used in)/provided by investing activities | (376 | ) | (427 | ) | ||||||
Cash flows from financing activities | ||||||||||
Cash dividends | (549 | ) | (555 | ) | ||||||
Net sales/(purchases) of Common Stock | (43 | ) | 196 | |||||||
Proceeds from mandatorily redeemable convertible preferred securities | — | 4,900 | ||||||||
Changes in short-term debt | 3,226 | (13,455 | ) | |||||||
Proceeds from issuance of other debt | 17,221 | 14,272 | ||||||||
Principal payments on other debt | (23,862 | ) | (13,929 | ) | ||||||
Other | 3 | 40 | ||||||||
Net cash (used in)/provided by financing activities | (4,004 | ) | (8,531 | ) | ||||||
Effect of exchange rate changes on cash | 474 | 193 | ||||||||
Net increase/(decrease) in cash and cash equivalents | 15,637 | 8,818 | ||||||||
Cash and cash equivalents at September 30 | $ | 27,887 | $ | 16,015 | ||||||