Exhibit 99.6
Ford Motor Company and Subsidiaries
CONDENSED SECTOR STATEMENT OF CASH FLOWS
For the Periods Ended March 31, 2004 and 2003
(in millions)
First Quarter 2004 | First Quarter 2003 | |||||||||||||||
Financial | Financial | |||||||||||||||
Automotive | Services | Automotive | Services | |||||||||||||
(unaudited) | (unaudited) | |||||||||||||||
Cash and cash equivalents at January 1 | $ | 5,427 | $ | 16,343 | $ | 5,157 | $ | 7,064 | ||||||||
Cash flows from operating activities before securities trading | 2,564 | 5,853 | 2,942 | 4,643 | ||||||||||||
Net sales/(purchases) of trading securities | (1,371 | ) | (8 | ) | 230 | (40 | ) | |||||||||
Net cash flows from operating activities | 1,193 | 5,845 | 3,172 | 4,603 | ||||||||||||
Cash flows from investing activities | ||||||||||||||||
Capital expenditures | (1,204 | ) | (76 | ) | (1,416 | ) | (80 | ) | ||||||||
Acquisitions of receivables and lease investments | — | (15,432 | ) | — | (17,584 | ) | ||||||||||
Collections of receivables and lease investments | — | 11,464 | — | 10,749 | ||||||||||||
Net acquisitions of daily rental vehicles | — | (1,041 | ) | — | (385 | ) | ||||||||||
Purchases of securities | (1,342 | ) | (2 | ) | (566 | ) | (149 | ) | ||||||||
Sales and maturities of securities | 1,380 | 196 | 474 | 207 | ||||||||||||
Proceeds from sales of receivables and lease investments | — | 3,290 | — | 10,966 | ||||||||||||
Proceeds from sale of businesses | 100 | — | — | 157 | ||||||||||||
Repayment of debt from discontinued operations | — | — | — | 1,421 | ||||||||||||
Net investing activity with Financial Services | 851 | — | 970 | — | ||||||||||||
Cash paid for acquisitions | — | — | (8 | ) | — | |||||||||||
Other | 4 | 11 | — | 47 | ||||||||||||
Net cash (used in)/provided by investing activities | (211 | ) | (1,590 | ) | (546 | ) | 5,349 | |||||||||
Cash flows from financing activities | ||||||||||||||||
Cash dividends | (183 | ) | — | (183 | ) | — | ||||||||||
Net sales/(purchases) of Common Stock | (60 | ) | — | (22 | ) | — | ||||||||||
Changes in short-term debt | (156 | ) | 4,881 | (227 | ) | 2,424 | ||||||||||
Proceeds from issuance of other debt | 148 | 4,343 | 90 | 3,862 | ||||||||||||
Principal payments on other debt | (1,377 | ) | (15,491 | ) | (78 | ) | (10,640 | ) | ||||||||
Net financing activity with Automotive | — | (851 | ) | — | (970 | ) | ||||||||||
Other | (10 | ) | 12 | (3 | ) | 20 | ||||||||||
Net cash (used in)/provided by financing activities | (1,638 | ) | (7,106 | ) | (423 | ) | (5,304 | ) | ||||||||
Effect of exchange rate changes on cash | (12 | ) | (61 | ) | 55 | 78 | ||||||||||
Net transactions with Automotive/Financial Services | (95 | ) | 95 | (304 | ) | 304 | ||||||||||
Net increase/(decrease) in cash and cash equivalents | (763 | ) | (2,817 | ) | 1,954 | 5,030 | ||||||||||
Cash and cash equivalents at March 31 | $ | 4,664 | $ | 13,526 | $ | 7,111 | $ | 12,094 | ||||||||