Exhibit 99.7
Ford Motor Company and Subsidiaries
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
For the Periods Ended June 30, 2003 and 2002
(in millions)
First Half | ||||||||||
2003 | 2002 | |||||||||
(unaudited) | ||||||||||
Cash and cash equivalents at January 1 | $ | 12,250 | $ | 7,197 | ||||||
Cash flows from operating activities before securities trading | 14,192 | 16,178 | ||||||||
Net sales/(purchases) of trading securities | (370 | ) | (3,826 | ) | ||||||
Net cash flows from operating activities | 13,822 | 12,352 | ||||||||
Cash flows from investing activities | ||||||||||
Capital expenditures | (3,533 | ) | (3,236 | ) | ||||||
Acquisitions of receivables and lease investments | (28,962 | ) | (44,454 | ) | ||||||
Collections of receivables and lease investments | 18,800 | 27,078 | ||||||||
Net acquisitions of daily rental vehicles | (1,545 | ) | (1,896 | ) | ||||||
Purchases of securities | (4,574 | ) | (1,350 | ) | ||||||
Sales and maturities of securities | 2,469 | 1,166 | ||||||||
Proceeds from sales of receivables and lease investments | 13,573 | 19,430 | ||||||||
Proceeds from sale of businesses | 281 | — | ||||||||
Cash paid for acquisitions | — | (22 | ) | |||||||
Other | 452 | 381 | ||||||||
Net cash (used in)/provided by investing activities | (3,039 | ) | (2,903 | ) | ||||||
Cash flows from financing activities | ||||||||||
Cash dividends | (366 | ) | (369 | ) | ||||||
Net sales/(purchases) of Common Stock | (3 | ) | 92 | |||||||
Proceeds from mandatorily redeemable convertible preferred securities | — | 4,900 | ||||||||
Changes in short-term debt | (2,461 | ) | (7,020 | ) | ||||||
Proceeds from issuance of other debt | 8,545 | 12,624 | ||||||||
Principal payments on other debt | (12,943 | ) | (14,656 | ) | ||||||
Repayment of debt from discontinued operations | 1,421 | — | ||||||||
Other | 43 | 464 | ||||||||
Net cash (used in)/provided by financing activities | (5,764 | ) | (3,965 | ) | ||||||
Effect of exchange rate changes on cash | 415 | 324 | ||||||||
Net increase/(decrease) in cash and cash equivalents | 5,434 | 5,808 | ||||||||
Cash and cash equivalents at June 30 | $ | 17,684 | $ | 13,005 | ||||||