Exhibit 99.2
Ford Motor Company and Subsidiaries
CONSOLIDATED BALANCE SHEET
As of December 31, 2002 and 2001
(in millions)
2002 | 2001 | |||||||||
(unaudited) | (unaudited) | |||||||||
ASSETS | ||||||||||
Automotive | ||||||||||
Cash and cash equivalents | $ | 5,180 | $ | 4,064 | ||||||
Marketable securities | 17,464 | 10,949 | ||||||||
Total cash and marketable securities | 22,644 | 15,013 | ||||||||
Receivables, net | 2,065 | 2,181 | ||||||||
Inventories | 6,980 | 6,127 | ||||||||
Deferred income taxes | 3,462 | 2,595 | ||||||||
Other current assets | 4,551 | 6,153 | ||||||||
Current receivable from Financial Services | 1,062 | 938 | ||||||||
Total current assets | 40,764 | 33,007 | ||||||||
Equity in net assets of affiliated companies | 2,470 | 2,450 | ||||||||
Net property | 36,364 | 33,022 | ||||||||
Deferred income taxes | 11,694 | 5,981 | ||||||||
Goodwill | 4,805 | 5,213 | ||||||||
Other intangible assets | 812 | 1,125 | ||||||||
Other assets | 10,783 | 7,153 | ||||||||
Assets of discontinued and held-for-sale operations | 98 | 368 | ||||||||
Total Automotive assets | 107,790 | 88,319 | ||||||||
Financial Services | ||||||||||
Cash and cash equivalents | $ | 7,070 | $ | 3,133 | ||||||
Investments in securities | 807 | 628 | ||||||||
Finance receivables, net | 96,910 | 110,190 | ||||||||
Net investment in operating leases | 40,055 | 45,388 | ||||||||
Retained interest in sold receivables | 17,618 | 12,548 | ||||||||
Goodwill | 752 | 1,042 | ||||||||
Other intangible assets | 248 | 223 | ||||||||
Other assets | 16,763 | 9,224 | ||||||||
Assets of discontinued and held-for-sale operations | 2,406 | 2,136 | ||||||||
Receivable from Automotive | 4,803 | 3,712 | ||||||||
Total Financial Services assets | 187,432 | 188,224 | ||||||||
Total assets | $ | 295,222 | $ | 276,543 | ||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||
Automotive | ||||||||||
Trade payables | $ | 14,606 | $ | 15,620 | ||||||
Other payables | 2,485 | 4,224 | ||||||||
Accrued liabilities | 27,557 | 24,258 | ||||||||
Debt payable within one year | 557 | 302 | ||||||||
Total current liabilities | 45,205 | 44,404 | ||||||||
Long-term debt | 13,607 | 13,467 | ||||||||
Other liabilities | 46,886 | 30,873 | ||||||||
Deferred income taxes | 303 | 362 | ||||||||
Liabilities of discontinued and held-for-sale operations | 225 | 162 | ||||||||
Payable to Financial Services | 4,803 | 3,712 | ||||||||
Total Automotive liabilities | 111,029 | 92,980 | ||||||||
Financial Services | ||||||||||
Payables | 2,724 | 1,484 | ||||||||
Debt | 148,058 | 153,034 | ||||||||
Deferred income taxes | 11,644 | 9,686 | ||||||||
Other liabilities and deferred income | 8,614 | 9,165 | ||||||||
Liabilities of discontinued and held for sale operations | 831 | 798 | ||||||||
Payable to Automotive | 1,062 | 938 | ||||||||
Total Financial Services liabilities | 172,933 | 175,105 | ||||||||
Company-obligated mandatorily redeemable preferred securities of a subsidiary trusts holding solely junior subordinated debentures of the Company | 5,670 | 672 | ||||||||
Stockholders’ equity | ||||||||||
Capital stock | ||||||||||
Preferred Stock, par value $1.00 per share (aggregate liquidation preference of $177 million) | * | * | ||||||||
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 | 5,420 | 6,001 | ||||||||
Accumulated other comprehensive income/(loss) | (6,531 | ) | (5,913 | ) | ||||||
Treasury stock | (1,977 | ) | (2,823 | ) | ||||||
Earnings retained for use in business | 8,659 | 10,502 | ||||||||
Total stockholders’ equity | 5,590 | 7,786 | ||||||||
Total liabilities and stockholders’ equity | $ | 295,222 | $ | 276,543 | ||||||
* | Less than $1 million |