Exhibit 99.2
Ford Motor Company and Subsidiaries
SECTOR STATEMENT OF INCOME
For the Periods Ended December 31, 2004 and 2003
(in millions, except per share amounts)
| | | | | | | | | | | | | | | | |
| | Fourth Quarter | | | Full Year | |
| | 2004 | | | 2003 | | | 2004 | | | 2003 | |
| | (unaudited) | | | (unaudited) | | | | | |
AUTOMOTIVE | | | | | | | | | | | | | | | | |
Sales | | $ | 38,871 | | | $ | 39,807 | | | $ | 147,134 | | | $ | 138,260 | |
Costs and expenses | | | | | | | | | | | | | | | | |
Cost of sales | | | 37,218 | | | | 38,626 | | | | 135,856 | | | | 129,685 | |
Selling, administrative and other expenses | | | 3,323 | | | | 2,870 | | | | 11,455 | | | | 10,131 | |
| | | | | | | | | | | | |
Total costs and expenses | | | 40,541 | | | | 41,496 | | | | 147,311 | | | | 139,816 | |
| | | | | | | | | | | | |
Operating income/(loss) | | | (1,670 | ) | | | (1,689 | ) | | | (177 | ) | | | (1,556 | ) |
|
Interest expense | | | 127 | | | | 445 | | | | 1,221 | | | | 1,323 | |
|
Interest income and other non-operating income/(expense), net | | | 480 | | | | 116 | | | | 988 | | | | 897 | |
Equity in net income/(loss) of affiliated companies | | | 58 | | | | 26 | | | | 255 | | | | 74 | |
| | | | | | | | | | | | |
Income/(loss) before income taxes — Automotive | | | (1,259 | ) | | | (1,992 | ) | | | (155 | ) | | | (1,908 | ) |
|
FINANCIAL SERVICES | | | | | | | | | | | | | | | | |
Revenues | | | 5,851 | | | | 6,066 | | | | 23,705 | | | | 25,352 | |
|
Costs and expenses | | | | | | | | | | | | | | | | |
Interest expense | | | 1,508 | | | | 1,526 | | | | 5,850 | | | | 6,320 | |
Depreciation | | | 1,662 | | | | 1,898 | | | | 6,618 | | | | 8,771 | |
Operating and other expenses | | | 1,276 | | | | 1,225 | | | | 5,017 | | | | 4,766 | |
Provision for credit and insurance losses | | | 359 | | | | 560 | | | | 1,212 | | | | 2,248 | |
| | | | | | | | | | | | |
Total costs and expenses | | | 4,805 | | | | 5,209 | | | | 18,697 | | | | 22,105 | |
| | | | | | | | | | | | |
Income/(loss) before income taxes — Financial Services | | | 1,046 | | | | 857 | | | | 5,008 | | | | 3,247 | |
| | | | | | | | | | | | |
|
TOTAL COMPANY | | | | | | | | | | | | | | | | |
Income/(loss) before income taxes | | | (213 | ) | | | (1,135 | ) | | | 4,853 | | | | 1,339 | |
Provision for/(benefit from) income taxes | | | (340 | ) | | | (544 | ) | | | 937 | | | | 123 | |
| | | | | | | | | | | | |
Income/(loss) before minority interests | | | 127 | | | | (591 | ) | | | 3,916 | | | | 1,216 | |
Minority interests in net income/(loss) of subsidiaries | | | 63 | | | | 69 | | | | 282 | | | | 314 | |
| | | | | | | | | | | | |
Income/(loss) from continuing operations | | | 64 | | | | (660 | ) | | | 3,634 | | | | 902 | |
Income/(loss) from discontinued operations | | | 40 | | | | (133 | ) | | | (147 | ) | | | (143 | ) |
Cumulative effect of change in accounting principle | | | — | | | | — | | | | — | | | | (264 | ) |
| | | | | | | | | | | | |
Net income/(loss) | | $ | 104 | | | $ | (793 | ) | | $ | 3,487 | | | $ | 495 | |
| | | | | | | | | | | | |
|
Average number of shares of Common and Class B | | | | | | | | | | | | | | | | |
Stock outstanding | | | 1,829 | | | | 1,833 | | | | 1,830 | | | | 1,832 | |
|
|
AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK | | | | | | | | | | | | | | | | |
Basic income/(loss) | | | | | | | | | | | | | | | | |
Income/(loss) from continuing operations | | $ | 0.04 | | | $ | (0.36 | ) | | $ | 1.99 | | | $ | 0.49 | |
Income/(loss) from discontinued operations | | | 0.02 | | | | (0.07 | ) | | | (0.08 | ) | | | (0.08 | ) |
Cumulative effect of change in accounting principle | | | — | | | | — | | | | — | | | | (0.14 | ) |
| | | | | | | | | | | | |
Net income/(loss) | | $ | 0.06 | | | $ | (0.43 | ) | | $ | 1.91 | | | $ | 0.27 | |
| | | | | | | | | | | | |
Diluted income/(loss) | | | | | | | | | | | | | | | | |
Income/(loss) from continuing operations | | $ | 0.03 | | | $ | (0.36 | ) | | $ | 1.80 | | | $ | 0.49 | |
Income/(loss) from discontinued operations | | | 0.03 | | | | (0.07 | ) | | | (0.07 | ) | | | (0.08 | ) |
Cumulative effect of change in accounting principle | | | — | | | | — | | | | — | | | | (0.14 | ) |
| | | | | | | | | | | | |
Net income/(loss) | | $ | 0.06 | | | $ | (0.43 | ) | | $ | 1.73 | | | $ | 0.27 | |
| | | | | | | | | | | | |
Cash dividends | | $ | 0.10 | | | $ | 0.10 | | | $ | 0.40 | | | $ | 0.40 | |
Certain amounts in prior year’s financial statements have been reclassified to conform with current year presentation.