Exhibit 99.7
Ford Motor Company and Subsidiaries
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
For the Periods Ended December 31, 2003 and 2002
(in millions)
| | | | | | | | | | |
| | | | Full Year | |
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| | | | 2003 | | | 2002 | |
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| | |
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| | | | (unaudited) | | | | | |
Cash and cash equivalents at January 1 | | $ | 12,221 | | | $ | 7,184 | |
|
Cash flows from operating activities before securities trading | | | 18,388 | | | | 24,740 | |
Net sales/(purchases) of trading securities | | | 1,807 | | | | (6,229 | ) |
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| | |
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| | Net cash flows from operating activities | | | 20,195 | | | | 18,511 | |
Cash flows from investing activities | | | | | | | | |
| Capital expenditures | | | (7,749 | ) | | | (7,276 | ) |
| 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 | | | (10,074 | ) | | | (4,055 | ) |
| Sales and maturities of securities | | | 9,382 | | | | 3,924 | |
| Proceeds from sales of receivables and lease investments | | | 21,145 | | | | 41,289 | |
| Proceeds from sale of businesses | | | 281 | | | | 257 | |
| Repayment of debt from discontinued operations | | | 1,421 | | | | — | |
| Cash paid for acquisitions | | | — | | | | (289 | ) |
| Cash recognized on initial consolidation of joint ventures | | | 256 | | | | — | |
| Other | | | 771 | | | | 407 | |
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| | |
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| | Net cash (used in)/provided by investing activities | | | (6,325 | ) | | | (3,512 | ) |
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 | | | 1,305 | | | | (14,171 | ) |
| Proceeds from issuance of other debt | | | 23,086 | | | | 15,842 | |
| Principal payments on other debt | | | (28,780 | ) | | | (16,619 | ) |
| Other | | | (19 | ) | | | 346 | |
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| | Net cash (used in)/provided by financing activities | | | (5,132 | ) | | | (10,335 | ) |
Effect of exchange rate changes on cash | | | 811 | | | | 373 | |
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| | Net increase/(decrease) in cash and cash equivalents | | | 9,549 | | | | 5,037 | |
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Cash and cash equivalents at December 31 | | $ | 21,770 | | | $ | 12,221 | |
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