Exhibit 99.3
Ford Motor Company and Subsidiaries
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
For the Periods Ended December 31, 2002 and 2001
(in millions)
2002 | 2001 | |||||||||||||||||
Financial | Financial | |||||||||||||||||
Automotive | Services | Automotive | Services | |||||||||||||||
(unaudited) | (unaudited) | |||||||||||||||||
Cash and cash equivalents at January 1 | $ | 4,064 | $ | 3,133 | $ | 3,360 | $ | 1,417 | ||||||||||
Cash flows from operating activities before securities trading | 9,487 | 15,375 | 7,456 | 13,172 | ||||||||||||||
Net sales/(purchases) of trading securities | (6,206 | ) | (23 | ) | 1,143 | 120 | ||||||||||||
Net cash flows from operating activities | 3,281 | 15,352 | 8,599 | 13,292 | ||||||||||||||
Cash flows from investing activities | ||||||||||||||||||
Capital expenditures | (6,776 | ) | (502 | ) | (6,301 | ) | (651 | ) | ||||||||||
Acquisitions of other companies | — | — | — | (737 | ) | |||||||||||||
Acquisitions of receivables and lease investments | — | (81,806 | ) | — | (94,061 | ) | ||||||||||||
Collections of receivables and lease investments | — | 45,777 | — | 45,110 | ||||||||||||||
Net acquisitions of daily rental vehicles | — | (1,846 | ) | — | (1,412 | ) | ||||||||||||
Purchases of securities | (3,446 | ) | (609 | ) | (12,489 | ) | (734 | ) | ||||||||||
Sales and maturities of securities | 3,445 | 479 | 13,866 | 759 | ||||||||||||||
Proceeds from sales of receivables and lease investments | — | 41,289 | — | 41,419 | ||||||||||||||
Proceeds from sale of businesses | 257 | — | — | — | ||||||||||||||
Net investing activity with Financial Services | 1,053 | — | 186 | — | ||||||||||||||
Cash paid for acquisitions | (289 | ) | — | (1,998 | ) | — | ||||||||||||
Other | — | 407 | 367 | 250 | ||||||||||||||
Net cash (used in)/provided by investing activities | (5,756 | ) | 3,189 | (6,369 | ) | (10,057 | ) | |||||||||||
Cash flows from financing activities | ||||||||||||||||||
Cash dividends | (743 | ) | — | (1,929 | ) | — | ||||||||||||
Net sales/(purchases) of Common Stock | 287 | — | (1,385 | ) | — | |||||||||||||
Proceeds from mandatorily redeemable convertible preferred securities | 4,900 | — | — | — | ||||||||||||||
Preferred Stock — Series B redemption | (177 | ) | — | — | ||||||||||||||
Changes in short-term debt | (25 | ) | (14,136 | ) | 38 | (18,274 | ) | |||||||||||
Proceeds from issuance of other debt | 318 | 15,524 | 2,063 | 44,193 | ||||||||||||||
Principal payments on other debt | (859 | ) | (15,760 | ) | (1,122 | ) | (26,204 | ) | ||||||||||
Net financing activity with Automotive | — | (1,053 | ) | — | (186 | ) | ||||||||||||
Other | (23 | ) | 361 | 261 | (249 | ) | ||||||||||||
Net cash (used in)/provided by financing activities | 3,678 | (15,064 | ) | (2,074 | ) | (720 | ) | |||||||||||
Effect of exchange rate changes on cash | 37 | 336 | (101 | ) | (151 | ) | ||||||||||||
Net transactions with Automotive/Financial Services | (124 | ) | 124 | 649 | (649 | ) | ||||||||||||
Net increase in cash and cash equivalents | 1,116 | 3,937 | 704 | 1,716 | ||||||||||||||
Cash and cash equivalents at December 31 | $ | 5,180 | $ | 7,070 | $ | 4,064 | $ | 3,133 | ||||||||||