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| | | | | Full Year 2003 | | | Full Year 2002 | |
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| | | | | | | | | Financial | | | | | | | Financial | |
| | | | | Automotive | | | Services | | | Automotive | | | Services | |
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| | | | | (unaudited) | | | | | | | | | |
Cash and cash equivalents at January 1 | | $ | 5,157 | | | $ | 7,064 | | | $ | 4,053 | | | $ | 3,131 | |
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| Cash flows from operating activities before securities trading | | | 1,336 | | | | 17,052 | | | | 9,479 | | | | 15,261 | |
| Net sales/(purchases) of trading securities | | | 1,282 | | | | 525 | | | | (6,206 | ) | | | (23 | ) |
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| | | Net cash flows from operating activities | | | 2,618 | | | | 17,577 | | | | 3,273 | | | | 15,238 | |
Cash flows from investing activities | | | | | | | | | | | | | | | | |
| | Capital expenditures | | | (7,370 | ) | | | (379 | ) | | | (6,774 | ) | | | (502 | ) |
| | Acquisitions of receivables and lease investments | | | — | | | | (62,980 | ) | | | — | | | | (81,690 | ) |
| | Collections of receivables and lease investments | | | — | | | | 42,727 | | | | — | | | | 45,767 | |
| | Net acquisitions of daily rental vehicles | | | — | | | | (1,505 | ) | | | — | | | | (1,846 | ) |
| | Purchases of securities | | | (8,925 | ) | | | (1,149 | ) | | | (3,446 | ) | | | (609 | ) |
| | Sales and maturities of securities | | | 8,673 | | | | 709 | | | | 3,445 | | | | 479 | |
| | Proceeds from sales of receivables and lease investments | | | — | | | | 21,145 | | | | — | | | | 41,289 | |
| | Proceeds from sale of businesses | | | 77 | | | | 204 | | | | 257 | | | | — | |
| | Repayment of debt from discontinued operations | | | — | | | | 1,421 | | | | — | | | | — | |
| | Net investing activity with Financial Services | | | 3,708 | | | | — | | | | 1,053 | | | | — | |
| | Cash paid for acquisitions | | | — | | | | — | | | | (289 | ) | | | — | |
| | Cash recognized on initial consolidation of joint ventures | | | 256 | | | | — | | | | — | | | | — | |
| | Other | | | 716 | | | | 55 | | | | — | | | | 407 | |
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| | | Net cash (used in)/provided by investing activities | | | (2,865 | ) | | | 248 | | | | (5,754 | ) | | | 3,295 | |
Cash flows from financing activities | | | | | | | | | | | | | | | | |
| | Cash dividends | | | (733 | ) | | | — | | | | (743 | ) | | | — | |
| | Net sales/(purchases) of Common Stock | | | 9 | | | | — | | | | 287 | | | | — | |
| | Proceeds from mandatorily redeemable convertible preferred securities | | | — | | | | — | | | | 4,900 | | | | — | |
| | Preferred Stock — Series B redemption | | | — | | | | — | | | | (177 | ) | | | — | |
| | Changes in short-term debt | | | (237 | ) | | | 1,542 | | | | (31 | ) | | | (14,140 | ) |
| | Proceeds from issuance of other debt | | | 1,144 | | | | 21,942 | | | | 318 | | | | 15,524 | |
| | Principal payments on other debt | | | (1,097 | ) | | | (27,683 | ) | | | (859 | ) | | | (15,760 | ) |
| | Net financing activity with Automotive | | | — | | | | (3,708 | ) | | | — | | | | (1,053 | ) |
| | Other | | | (15 | ) | | | (4 | ) | | | (23 | ) | | | 369 | |
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| | | Net cash (used in)/provided by financing activities | | | (929 | ) | | | (7,911 | ) | | | 3,672 | | | | (15,060 | ) |
| Effect of exchange rate changes on cash | | | 260 | | | | 551 | | | | 37 | | | | 336 | |
| Net transactions with Automotive/Financial Services | | | 1,186 | | | | (1,186 | ) | | | (124 | ) | | | 124 | |
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| | | Net increase/(decrease) in cash and cash equivalents | | | 270 | | | | 9,279 | | | | 1,104 | | | | 3,933 | |
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Cash and cash equivalents at December 31 | | $ | 5,427 | | | $ | 16,343 | | | $ | 5,157 | | | $ | 7,064 | |
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