Exhibit 99.7
Ford Motor Company and Subsidiaries
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
For the Periods Ended March 31, 2004 and 2003
(in millions)
First Quarter | ||||||||
2004 | 2003 | |||||||
(unaudited) | ||||||||
Cash and cash equivalents at January 1 | $ | 21,770 | $ | 12,221 | ||||
Cash flows from operating activities before securities trading | 8,417 | 7,585 | ||||||
Net sales/(purchases) of trading securities | (1,379 | ) | 190 | |||||
Net cash flows from operating activities | 7,038 | 7,775 | ||||||
Cash flows from investing activities | ||||||||
Capital expenditures | (1,280 | ) | (1,496 | ) | ||||
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 | (1,344 | ) | (715 | ) | ||||
Sales and maturities of securities | 1,576 | 681 | ||||||
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 | ||||||
Cash paid for acquisitions | — | (8 | ) | |||||
Other | 15 | 47 | ||||||
Net cash (used in)/provided by investing activities | (2,652 | ) | 3,833 | |||||
Cash flows from financing activities | ||||||||
Cash dividends | (183 | ) | (183 | ) | ||||
Net sales/(purchases) of Common Stock | (60 | ) | (22 | ) | ||||
Changes in short-term debt | 4,725 | 2,197 | ||||||
Proceeds from issuance of other debt | 4,491 | 3,952 | ||||||
Principal payments on other debt | (16,868 | ) | (10,718 | ) | ||||
Other | 2 | 17 | ||||||
Net cash (used in)/provided by financing activities | (7,893 | ) | (4,757 | ) | ||||
Effect of exchange rate changes on cash | (73 | ) | 133 | |||||
Net increase/(decrease) in cash and cash equivalents | (3,580 | ) | 6,984 | |||||
Cash and cash equivalents at March 31 | $ | 18,190 | $ | 19,205 | ||||