Exhibit 99.2
Ford Motor Company and Subsidiaries
SECTOR STATEMENT OF INCOME
For the Periods Ended March 31, 2004 and 2003
(in millions, except per share amounts)
First Quarter | ||||||||
2004 | 2003 | |||||||
(unaudited) | ||||||||
AUTOMOTIVE | ||||||||
Sales | $ | 38,844 | $ | 34,159 | ||||
Costs and expenses | ||||||||
Cost of sales | 34,071 | 31,055 | ||||||
Selling, administrative and other expenses | 2,748 | 2,298 | ||||||
Total costs and expenses | 36,819 | 33,353 | ||||||
Operating income/(loss) | 2,025 | 806 | ||||||
Interest income | 117 | 148 | ||||||
Interest expense | 392 | 313 | ||||||
Net interest income/(expense) | (275 | ) | (165 | ) | ||||
Equity in net income/(loss) of affiliated companies | 56 | 21 | ||||||
Income/(loss) before income taxes — Automotive | 1,806 | 662 | ||||||
FINANCIAL SERVICES | ||||||||
Revenues | 5,847 | 6,656 | ||||||
Costs and expenses | ||||||||
Interest expense | 1,450 | 1,644 | ||||||
Depreciation | 1,731 | 2,553 | ||||||
Operating and other expenses | 1,212 | 1,188 | ||||||
Provision for credit and insurance losses | 371 | 593 | ||||||
Total costs and expenses | 4,764 | 5,978 | ||||||
Income/(loss) before income taxes — Financial Services | 1,083 | 678 | ||||||
TOTAL COMPANY | ||||||||
Income/(loss) before income taxes | 2,889 | 1,340 | ||||||
Provision for/(benefit from) income taxes | 829 | 337 | ||||||
Income/(loss) before minority interests | 2,060 | 1,003 | ||||||
Minority interests in net income/(loss) of subsidiaries | 85 | 102 | ||||||
Income/(loss) from continuing operations | 1,975 | 901 | ||||||
Income/(loss) from discontinued/held-for-sale operations | (23 | ) | (5 | ) | ||||
Net income/(loss) | $ | 1,952 | $ | 896 | ||||
Income/(loss) attributable to Common and Class B Stock | ||||||||
after Preferred Stock dividends | $ | 1,952 | $ | 896 | ||||
Average number of shares of Common and Class B | ||||||||
Stock outstanding | 1,832 | 1,832 | ||||||
AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK | ||||||||
Basic income/(loss) | ||||||||
Income/(loss) from continuing operations | $ | 1.08 | $ | 0.49 | ||||
Income/(loss) from discontinued/held-for-sale operations | (0.01 | ) | — | |||||
Net income/(loss) | $ | 1.07 | $ | 0.49 | ||||
Diluted income/(loss) | ||||||||
Income/(loss) from continuing operations | $ | 0.95 | $ | 0.45 | ||||
Income/(loss) from discontinued/held-for-sale operations | (0.01 | ) | — | |||||
Net income/(loss) | $ | 0.94 | $ | 0.45 | ||||
Cash dividends | $ | 0.10 | $ | 0.10 |