Exhibit 99.2
Ford Motor Company and Subsidiaries
SECTOR STATEMENT OF INCOME
For the Periods Ended September 30, 2004 and 2003
(in millions, except per share amounts)
Third Quarter | Nine Months | |||||||||||||||
2004 | 2003 | 2004 | 2003 | |||||||||||||
(unaudited) | (unaudited) | |||||||||||||||
AUTOMOTIVE | ||||||||||||||||
Sales | $ | 32,798 | $ | 30,243 | $ | 108,262 | $ | 98,453 | ||||||||
Costs and expenses | ||||||||||||||||
Cost of sales | 30,957 | 28,381 | 98,637 | 91,059 | ||||||||||||
Selling, administrative and other expenses | 2,557 | 2,514 | 8,132 | 7,261 | ||||||||||||
Total costs and expenses | 33,514 | 30,895 | 106,769 | 98,320 | ||||||||||||
Operating income/(loss) | (716 | ) | (652 | ) | 1,493 | 133 | ||||||||||
Interest expense | 397 | 362 | 1,094 | 878 | ||||||||||||
Interest income and other non-operating income/(expense), net | 383 | 455 | 508 | 781 | ||||||||||||
Equity in net income/(loss) of affiliated companies | 57 | (45 | ) | 197 | 48 | |||||||||||
Income/(loss) before income taxes — Automotive | (673 | ) | (604 | ) | 1,104 | 84 | ||||||||||
FINANCIAL SERVICES | ||||||||||||||||
Revenues | 6,198 | 6,499 | 18,128 | 19,595 | ||||||||||||
Costs and expenses | ||||||||||||||||
Interest expense | 1,470 | 1,552 | 4,342 | 4,794 | ||||||||||||
Depreciation | 1,570 | 2,072 | 4,962 | 6,880 | ||||||||||||
Operating and other expenses | 1,394 | 1,315 | 3,865 | 3,696 | ||||||||||||
Provision for credit and insurance losses | 339 | 529 | 892 | 1,801 | ||||||||||||
Total costs and expenses | 4,773 | 5,468 | 14,061 | 17,171 | ||||||||||||
Income/(loss) before income taxes — Financial Services | 1,425 | 1,031 | 4,067 | 2,424 | ||||||||||||
TOTAL COMPANY | ||||||||||||||||
Income/(loss) before income taxes | 752 | 427 | 5,171 | 2,508 | ||||||||||||
Provision for/(benefit from) income taxes | 210 | 140 | 1,317 | 679 | ||||||||||||
Income/(loss) before minority interests | 542 | 287 | 3,854 | 1,829 | ||||||||||||
Minority interests in net income/(loss) of subsidiaries | 62 | 45 | 219 | 245 | ||||||||||||
Income/(loss) from continuing operations | 480 | 242 | 3,635 | 1,584 | ||||||||||||
Income/(loss) from discontinued/held-for-sale operations | (214 | ) | (3 | ) | (252 | ) | (32 | ) | ||||||||
Cumulative effect of change in accounting principle | — | (264 | ) | — | (264 | ) | ||||||||||
Net income/(loss) | $ | 266 | $ | (25 | ) | $ | 3,383 | $ | 1,288 | |||||||
Average number of shares of Common and Class B Stock outstanding | 1,829 | 1,831 | 1,831 | 1,832 | ||||||||||||
AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK | ||||||||||||||||
Basic income/(loss) | ||||||||||||||||
Income/(loss) from continuing operations | $ | 0.26 | $ | 0.13 | $ | 1.99 | $ | 0.87 | ||||||||
Income/(loss) from discontinued/held-for-sale operations | (0.11 | ) | — | (0.14 | ) | (0.02 | ) | |||||||||
Cumulative effect of change in accounting principle | — | (0.14 | ) | — | (0.15 | ) | ||||||||||
Net income/(loss) | $ | 0.15 | $ | (0.01 | ) | $ | 1.85 | $ | 0.70 | |||||||
Diluted income/(loss) | ||||||||||||||||
Income/(loss) from continuing operations | $ | 0.25 | $ | 0.13 | $ | 1.78 | $ | 0.82 | ||||||||
Income/(loss) from discontinued/held-for-sale operations | (0.10 | ) | — | (0.12 | ) | (0.01 | ) | |||||||||
Cumulative effect of change in accounting principle | — | (0.14 | ) | — | (0.13 | ) | ||||||||||
Net income/(loss) | $ | 0.15 | $ | (0.01 | ) | $ | 1.66 | $ | 0.68 | |||||||
Cash dividends | $ | 0.10 | $ | 0.10 | $ | 0.30 | $ | 0.30 |