Ford 2002 Annual Report Download - page 66

Download and view the complete annual report

Please find page 66 of the 2002 Ford annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 106

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

62
FORD MOTOR COMPANY AND SUBSIDIARIES
For the Years Ended December 31, 2002, 2001 and 2000
(in millions)
SECTOR STATEMENT OF CASH FLOWS
2002 2001 2000
Financial Financial Financial
Automotive Services Automotive Services Automotive Services
CASH AND CASH EQUIVALENTS AT JANUARY 1 $ 4,064 $ 3,133 $ 3,360 $ 1,417 $ 2,793 $ 1,543
Cash flows from operating activities before
securities trading (Note 18) 9,487 15,375 7,456 13,172 12,009 14,378
Net sales/(purchases) of trading securities (6,206) (23) 1,143 120 6,858 122
Net cash flows from operating activities 3,281 15,352 8,599 13,292 18,867 14,500
Cash flows from investing activities
Capital expenditures (6,776) (502) (6,301) (651) (7,393) (955)
Acquisitions of other companies (Note 19) (289) - (1,998) (737) (2,662) (112)
Acquisitions of receivables and lease investments - (81,806) - (94,061) - (95,552)
Collections of receivables and lease investments - 45,777 - 45,110 - 54,031
Net acquisitions of daily rental vehicles - (1,846) - (1,412) - (2,107)
Purchases of securities (3,446) (609) (12,489) (734) (6,136) (564)
Sales and maturities of securities 3,445 479 13,866 759 5,105 557
Proceeds from sales of receivables and
lease investments - 41,289 - 41,419 - 19,439
Proceeds from sale of businesses 257 - -- --
Net investing activity with Financial Services 1,053 - 186 - 645 -
Other - 407 367 250 - (320)
Net cash (used in)/provided by
investing activities (5,756) 3,189 (6,369) (10,057) (10,441) (25,583)
Cash flows from financing activities
Cash dividends (743) - (1,929) - (2,751) -
Net sales/(purchases) of Common Stock 287 - (1,385) - (1,229) -
Proceeds from mandatorily redeemable
convertible preferred securities (Note 14) 4,900 - -- --
Preferred Stock – Series B redemption (177) - -- --
Net changes in short-term debt (25) (14,136) 38 (18,349) (776) (6,906)
Proceeds from issuance of other debt 318 15,524 2,063 44,193 2,363 37,261
Principal payments on other debt (859) (15,760) (1,122) (26,193) (1,277) (17,250)
Value Enhancement Plan payments (Note 15) - - - - (5,555) -
Net debt repayments from discontinued operation -- - - 650 -
Net cash distribution to discontinued operation -- - - (85) -
Net financing activity with Automotive - (1,053) - (186) - (645)
Other (23) 361 261 (184) 139 73
Net cash (used in)/provided by
financing activities 3,678 (15,064) (2,074) (719) (8,521) 12,533
Effect of exchange rate changes on cash 37 336 (101) (151) (55) (859)
Net transactions with Automotive/Financial Services (124) 124 649 (649) 717 (717)
Net increase/(decrease) in cash and
cash equivalents 1,116 3,937 704 1,716 567 (126)
CASH AND CASH EQUIVALENTS AT DECEMBER 31 $ 5,180 $ 7,070 $ 4,064 $ 3,133 $ 3,360 $ 1,417
The accompanying notes are part of the financial statements.