Exhibit 99.4
Ford Motor Company and Subsidiaries
SECTOR BALANCE SHEET
(in millions)
June 30, | December 31, | |||||||||
2003 | 2002 | |||||||||
(unaudited) | ||||||||||
ASSETS | ||||||||||
Automotive | ||||||||||
Cash and cash equivalents | $ | 7,486 | $ | 5,180 | ||||||
Marketable securities | 14,992 | 17,464 | ||||||||
Loaned securities | 4,647 | — | ||||||||
Total cash, marketable and loaned securities | 27,125 | 22,644 | ||||||||
Receivables | 2,438 | 2,065 | ||||||||
Inventories | 8,448 | 6,980 | ||||||||
Deferred income taxes | 3,188 | 3,462 | ||||||||
Other current assets | 6,316 | 4,551 | ||||||||
Current receivable from Financial Services | 1,329 | 1,062 | ||||||||
Total current assets | 48,844 | 40,764 | ||||||||
Equity in net assets of affiliated companies | 2,558 | 2,470 | ||||||||
Net property | 38,054 | 36,364 | ||||||||
Deferred income taxes | 12,112 | 11,694 | ||||||||
Goodwill | 5,094 | 4,805 | ||||||||
Other intangible assets | 830 | 812 | ||||||||
Assets of discontinued/held-for-sale operations | — | 98 | ||||||||
Other assets | 11,240 | 10,783 | ||||||||
Total Automotive assets | 118,732 | 107,790 | ||||||||
Financial Services | ||||||||||
Cash and cash equivalents | 10,198 | 7,070 | ||||||||
Investments in securities | 692 | 807 | ||||||||
Finance receivables, net | 109,319 | 97,030 | ||||||||
Net investment in operating leases | 36,273 | 40,055 | ||||||||
Retained interest in sold receivables | 14,530 | 17,618 | ||||||||
Goodwill | 762 | 752 | ||||||||
Other intangible assets | 244 | 248 | ||||||||
Assets of discontinued/held-for-sale operations | — | 2,406 | ||||||||
Other assets | 16,768 | 16,643 | ||||||||
Receivable from Automotive | 4,273 | 4,803 | ||||||||
Total Financial Services assets | 193,059 | 187,432 | ||||||||
Total assets | $ | 311,791 | $ | 295,222 | ||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||
Automotive | ||||||||||
Trade payables | $ | 15,885 | $ | 14,606 | ||||||
Other payables | 3,326 | 2,485 | ||||||||
Accrued liabilities | 31,509 | 27,644 | ||||||||
Debt payable within one year | 479 | 557 | ||||||||
Total current liabilities | 51,199 | 45,292 | ||||||||
Long-term debt | 14,001 | 13,607 | ||||||||
Other liabilities | 49,252 | 46,886 | ||||||||
Deferred income taxes | 177 | 303 | ||||||||
Liabilities of discontinued/held-for-sale operations | 27 | 138 | ||||||||
Payable to Financial Services | 4,273 | 4,803 | ||||||||
Total Automotive liabilities | 118,929 | 111,029 | ||||||||
Financial Services | ||||||||||
Payables | 2,621 | 1,890 | ||||||||
Debt | 154,958 | 148,058 | ||||||||
Deferred income taxes | 11,623 | 11,644 | ||||||||
Other liabilities and deferred income | 8,578 | 9,448 | ||||||||
Liabilities of discontinued/held-for-sale operations | — | 831 | ||||||||
Payable to Automotive | 1,329 | 1,062 | ||||||||
Total Financial Services liabilities | 179,109 | 172,933 | ||||||||
Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding solely junior subordinated debentures of the Company | 5,669 | 5,670 | ||||||||
Stockholders’ equity | ||||||||||
Capital stock | ||||||||||
Common Stock, par value $0.01 per share (1,837 million shares issued) | 18 | 18 | ||||||||
Class B Stock, par value $0.01 per share (71 million shares issued) | 1 | 1 | ||||||||
Capital in excess of par value of stock | 5,396 | 5,420 | ||||||||
Accumulated other comprehensive income/(loss) | (5,065 | ) | (6,531 | ) | ||||||
Treasury stock | (1,872 | ) | (1,977 | ) | ||||||
Earnings retained for use in business | 9,606 | 8,659 | ||||||||
Total stockholders’ equity | 8,084 | 5,590 | ||||||||
Total liabilities and stockholders’ equity | $ | 311,791 | $ | 295,222 | ||||||