Exhibit 99.4
Ford Motor Company and Subsidiaries
SECTOR BALANCE SHEET
(in millions)
March 31, | December 31, | |||||||
2004 | 2003 | |||||||
ASSETS | (unaudited) | |||||||
Automotive | ||||||||
Cash and cash equivalents | $ | 4,664 | $ | 5,427 | ||||
Marketable securities | 8,405 | 10,749 | ||||||
Loaned securities | 9,344 | 5,667 | ||||||
Total cash, marketable and loaned securities | 22,413 | 21,843 | ||||||
Receivables, net | 3,020 | 2,721 | ||||||
Inventories | 10,193 | 9,181 | ||||||
Deferred income taxes | 3,269 | 3,225 | ||||||
Other current assets | 10,806 | 6,839 | ||||||
Total current assets | 49,701 | 43,809 | ||||||
Equity in net assets of affiliated companies | 1,990 | 1,930 | ||||||
Net property | 41,168 | 41,993 | ||||||
Deferred income taxes | 10,918 | 12,092 | ||||||
Goodwill and other intangible assets | 6,170 | 6,254 | ||||||
Assets of discontinued/held-for-sale operations | 71 | 68 | ||||||
Other assets | 15,261 | 14,495 | ||||||
Total Automotive assets | 125,279 | 120,641 | ||||||
Financial Services | ||||||||
Cash and cash equivalents | 13,526 | 16,343 | ||||||
Investments in securities | 938 | 1,123 | ||||||
Finance receivables, net | 109,867 | 110,893 | ||||||
Net investment in operating leases | 31,293 | 31,859 | ||||||
Retained interest in sold receivables | 13,369 | 13,017 | ||||||
Goodwill and other intangible assets | 1,003 | 1,008 | ||||||
Assets of discontinued/held-for-sale operations | 377 | 388 | ||||||
Other assets | 14,437 | 17,292 | ||||||
Receivable from Automotive | 2,820 | 3,356 | ||||||
Total Financial Services assets | 187,630 | 195,279 | ||||||
Total assets | $ | 312,909 | $ | 315,920 | ||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
Automotive | ||||||||
Trade payables | $ | 16,980 | $ | 15,289 | ||||
Other payables | 7,196 | 2,942 | ||||||
Accrued liabilities | 32,877 | 32,171 | ||||||
Debt payable within one year | 879 | 1,806 | ||||||
Current payable to Financial Services | 29 | 124 | ||||||
Total current liabilities | 57,961 | 52,332 | ||||||
Senior debt | 13,346 | 13,832 | ||||||
Subordinated debt | 5,155 | 5,155 | ||||||
Total long-term debt | 18,501 | 18,987 | ||||||
Other liabilities | 44,103 | 45,104 | ||||||
Deferred income taxes | 1,903 | 2,352 | ||||||
Liabilities of discontinued/held-for-sale operations | 109 | 94 | ||||||
Payable to Financial Services | 2,791 | 3,232 | ||||||
Total Automotive liabilities | 125,368 | 122,101 | ||||||
Financial Services | ||||||||
Payables | 2,369 | 2,189 | ||||||
Debt | 152,066 | 159,011 | ||||||
Deferred income taxes | 11,039 | 11,061 | ||||||
Other liabilities and deferred income | 8,409 | 9,211 | ||||||
Liabilities of discontinued/held-for-sale operations | 36 | 37 | ||||||
Total Financial Services liabilities | 173,919 | 181,509 | ||||||
Minority interests | 740 | 659 | ||||||
Stockholders’ equity | ||||||||
Capital stock | ||||||||
Common Stock, par value $0.01 per share (1,837 million shares issued) | 18 | 18 | ||||||
Class B Stock, par value $0.01 per share (71 million shares issued) | 1 | 1 | ||||||
Capital in excess of par value of stock | 5,373 | 5,374 | ||||||
Accumulated other comprehensive income/(loss) | (913 | ) | (414 | ) | ||||
Treasury stock | (1,787 | ) | (1,749 | ) | ||||
Earnings retained for use in business | 10,190 | 8,421 | ||||||
Total stockholders’ equity | 12,882 | 11,651 | ||||||
Total liabilities and stockholders’ equity | $ | 312,909 | $ | 315,920 | ||||