| | | | | | | | | | |
| | | | 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 | |
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| | |
| |
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 | |
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