Exhibit 99.2
Ford Motor Company and Subsidiaries
SECTOR STATEMENT OF INCOME
For the Periods Ended June 30, 2003 and 2002
(in millions, except per share amounts)
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| | | | Second Quarter | | | First Half | |
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| | | | 2003 | | | 2002 | | | 2003 | | | 2002 | |
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| | | | (unaudited) | | | (unaudited) | |
AUTOMOTIVE | | | | | | | | | | | | | | | | |
Sales | | $ | 34,182 | | | $ | 35,197 | | | $ | 68,382 | | | $ | 67,368 | |
Costs and expenses | | | | | | | | | | | | | | | | |
Cost of sales | | | 31,684 | | | | 32,245 | | | | 62,768 | | | | 62,168 | |
Selling, administrative and other expenses | | | 2,472 | | | | 2,365 | | | | 4,785 | | | | 4,673 | |
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| Total costs and expenses | | | 34,156 | | | | 34,610 | | | | 67,553 | | | | 66,841 | |
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Operating income/(loss) | | | 26 | | | | 587 | | | | 829 | | | | 527 | |
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Interest income | | | 134 | | | | 171 | | | | 282 | | | | 283 | |
Interest expense | | | 229 | | | | 336 | | | | 542 | | | | 697 | |
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| Net interest income/(expense) | | | (95 | ) | | | (165 | ) | | | (260 | ) | | | (414 | ) |
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Equity in net income/(loss) of affiliated companies | | | 72 | | | | (19 | ) | | | 93 | | | | (80 | ) |
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Income/(loss) before income taxes — Automotive | | | 3 | | | | 403 | | | | 662 | | | | 33 | |
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FINANCIAL SERVICES | | | | | | | | | | | | | | | | |
Revenues | | | 6,488 | | | | 7,010 | | | | 13,176 | | | | 14,300 | |
Costs and expenses | | | | | | | | | | | | | | | | |
Interest expense | | | 1,598 | | | | 1,885 | | | | 3,242 | | | | 3,873 | |
Depreciation | | | 2,277 | | | | 2,540 | | | | 4,844 | | | | 5,101 | |
Operating and other expenses | | | 1,219 | | | | 1,214 | | | | 2,425 | | | | 2,652 | |
Provision for credit and insurance losses | | | 679 | | | | 771 | | | | 1,272 | | | | 1,731 | |
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| Total costs and expenses | | | 5,773 | | | | 6,410 | | | | 11,783 | | | | 13,357 | |
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Income/(loss) before income taxes — Financial Services | | | 715 | | | | 600 | | | | 1,393 | | | | 943 | |
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TOTAL COMPANY | | | | | | | | | | | | | | | | |
Income/(loss) before income taxes | | | 718 | | | | 1,003 | | | | 2,055 | | | | 976 | |
Provision for/(benefit from) income taxes | | | 195 | | | | 289 | | | | 531 | | | | 269 | |
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Income/(loss) before minority interests | | | 523 | | | | 714 | | | | 1,524 | | | | 707 | |
Minority interests in net income of subsidiaries | | | 98 | | | | 95 | | | | 200 | | | | 168 | |
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Income/(loss) from continuing operations | | | 425 | | | | 619 | | | | 1,324 | | | | 539 | |
Income/(loss) from discontinued/held-for-sale operations | | | (3 | ) | | | (9 | ) | | | (6 | ) | | | (21 | ) |
Loss on disposal of discontinued/held-for-sale operations | | | (5 | ) | | | (40 | ) | | | (5 | ) | | | (40 | ) |
Cumulative effect of change in accounting principle | | | — | | | | — | | | | — | | | | (1,002 | ) |
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Net income/(loss) | | $ | 417 | | | $ | 570 | | | $ | 1,313 | | | $ | (524 | ) |
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Income/(loss) attributable to Common and Class B Stock after Preferred Stock dividends | | $ | 417 | | | $ | 567 | | | $ | 1,313 | | | $ | (531 | ) |
Average number of shares of Common and Class B Stock outstanding | | | 1,832 | | | | 1,813 | | | | 1,832 | | | | 1,810 | |
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AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK | | | | | | | | | | | | | | | | |
Basic income/(loss) | | | | | | | | | | | | | | | | |
| | Income/(loss) from continuing operations | | $ | 0.23 | | | $ | 0.34 | | | $ | 0.72 | | | $ | 0.29 | |
| | Income/(loss) from discontinued/held-for-sale operations | | | — | | | | (0.01 | ) | | | — | | | | (0.01 | ) |
| | Loss on disposal of discontinued/held-for-sale operations | | | — | | | | (0.02 | ) | | | — | | | | (0.02 | ) |
| | Cumulative effect of change in accounting principle | | | — | | | | — | | | | — | | | | (0.55 | ) |
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| | Net income/(loss) | | $ | 0.23 | | | $ | 0.31 | | | $ | 0.72 | | | $ | (0.29 | ) |
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Diluted income/(loss) | | | | | | | | | | | | | | | | |
| | Income/(loss) from continuing operations | | $ | 0.22 | | | $ | 0.31 | | | $ | 0.67 | | | $ | 0.29 | |
| | Income/(loss) from discontinued/held-for-sale operations | | | — | | | | — | | | | — | | | | (0.01 | ) |
| | Loss on disposal of discontinued/held-for-sale operations | | | — | | | | (0.02 | ) | | | — | | | | (0.02 | ) |
| | Cumulative effect of change in accounting principle | | | — | | | | — | | | | — | | | | (0.55 | ) |
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| | Net income/(loss) | | $ | 0.22 | | | $ | 0.29 | | | $ | 0.67 | | | $ | (0.29 | ) |
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Cash dividends | | $ | 0.10 | | | $ | 0.10 | | | $ | 0.20 | | | $ | 0.20 | |