2004 FIRST QUARTER AUTOMOTIVE CASH* First Quarter (Bils.) Cash, Marketable and Loaned Securities, Short-Term VEBA Assets March 31, 2004 $26.5 December 31, 2003 25.9 Change in Gross Cash $0.6 Operating-Related Cash Flow Automotive Pre-Tax Profits $ 1.8 Capital Spending (1.2 ) Depreciation and Amortization 1.6 Changes in Receivables, Inventory, and Trade Payables 0.4 Other -- Prim. Taxes and Expense and Payment Timing Differences (0.3 ) Total Auto. Op.-Related Cash Flow (Excl. Contrib. and Tax Refunds) $ 2.3 Pension Contributions (1.2 ) Tax Refunds 0 Total Automotive Operating-Related Cash Flow $ 1.1 Other Cash Flow Capital Transactions w / Financial Services Sector 0.9 Divestitures 0.2 Dividend to Shareholders (0.2 ) All Other -- Primarily Change in Automotive Debt (1.4 ) Total Change in Gross Cash $ 0.6 * See Appendix (pages 12 and 13 of 13) for reconciliation to GAAP |
2003 - 2004 FIRST QUARTER PRE-TAX RESULTS North America $1,236 $1,962 $ -- $ -- $1,236 $1,962 South America (31 ) 15 -- -- (31 ) 15 Total Americas $1,205 $1,977 $ -- $ -- $1,205 $1,977 International Europe $ (247 ) $ (24 ) $ -- $(29 ) $ (247 ) $ 5 P.A.G. (88 ) 20 -- -- (88 ) 20 Asia Pacific (25 ) 28 -- -- (25 ) 28 Other 41 54 -- -- 41 54 Total International $ (319 ) $ 78 $ -- $(29 ) $ (319 ) $ 107 Other Automotive (224 ) (249 ) -- 17 * (224 ) (266 ) Total Automotive $ 662 $1,806 $ -- $(12 ) $ 662 $1,818 Financial Services 678 1,083 -- -- 678 1,083 Total Company $1,340 $2,889 $ -- $(12 ) $1,340 $2,901 * Partial reversal of loss from disposition of non-core business in 2002 2003 (Mils.) 2004 (Mils.) Pre-Tax Profits (Incl. Special Items) Special Items Pre-Tax Profits (Excl. Special Items) 2003 (Mils.) 2004 (Mils.) 2003 (Mils.) 2004 (Mils.) Appendix 3 of 13 |