Ford 2002 Annual Report Download - page 63

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59
CONSOLIDATED STATEMENT OF INCOME
FORD MOTOR COMPANY AND SUBSIDIARIES
For the Years Ended December 31, 2002, 2001 and 2000
(in millions, except per share amounts)
2002 2001 2000
Sales (Note 1) $ 134,425 $ 130,827 $ 140,777
Revenues and other interest income 28,995 30,692 29,802
Total sales and revenues 163,420 161,519 170,579
Costs and expenses
Costs of sales 125,137 128,417 125,651
Selling, administrative and other expenses 25,150 25,195 23,721
Interest expense 8,824 10,817 10,860
Provision for credit and insurance losses 3,276 3,661 1,957
Total costs and expenses 162,387 168,090 162,189
Equity in net income/(loss) of affiliated companies (80) (851) (91)
Income/(loss) before income taxes 953 (7,422) 8,299
Provision for/(benefit from) income taxes 302 (2,097) 2,720
Income/(loss) before minority interests 651 (5,325) 5,579
Minority interests in net income/(loss) of subsidiaries 367 24 123
Income/(loss) from continuing operations 284 (5,349) 5,456
Income/(loss) from discontinued/held-for-sale operations (63) (104) 263
Loss on disposal of discontinued/held-for-sale operations (199) - (2,252)
Cumulative effect of change in accounting principle (1,002) --
Net income/(loss) $ (980) $ 5,453 $ 3,467
Income/(loss) attributable to Common and Class B Stock
after Preferred Stock dividends $ (995) $ (5,468) $ 3,452
Average number of shares of Common and Class B
Stock outstanding 1,819 1,820 1,483
AMOUNTS PER SHARE OF COMMON AND CLASS B STOCK
Basic income/(loss)
Income/(loss) from continuing operations $0.15 $ (2.96) $ 3.69
Income/(loss) from discontinued/held-for-sale operations (0.04) (0.06) 0.18
Loss on disposal of discontinued/held-for-sale operations (0.11) - (1.53)
Cumulative effect of change in accounting principle (0.55) - -
Net income/(loss) $ (0.55) $ (3.02) $ 2.34
Diluted income/(loss)
Income/(loss) from continuing operations $0.15 $ (2.96) $ 3.62
Income/(loss) from discontinued/held-for-sale operations (0.03) (0.06) 0.17
Loss on disposal of discontinued/held-for-sale operations (0.11) - (1.49)
Cumulative effect of change in accounting principle (0.55) --
Net income/(loss) $ (0.54) $ (3.02) $ 2.30
Cash dividends $ 0.40 $ 1.05 $ 1.80
The accompanying notes are part of the financial statements.
Ford Freestar