Ford 2002 Annual Report Download - page 67

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FORD MOTOR COMPANY AND SUBSIDIARIES
For the Years Ended December 31, 2002, 2001 and 2000
(in millions)
63
CONSOLIDATED STATEMENT OF CASH FLOWS
2002 2001 2000
CASH AND CASH EQUIVALENTS AT JANUARY 1 $ 7,197 $ 4,777 $ 4,336
Cash flows from operating activities before securities trading 24,862 20,628 26,387
Net sales/(purchases) of trading securities (6,229) 1,263 6,980
Net cash flows from operating activities 18,633 21,891 33,367
Cash flows from investing activities
Capital expenditures (7,278) (6,952) (8,348)
Acquisitions of other companies (289) (2,735) (2,774)
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 (4,055) (13,223) (6,700)
Sales and maturities of securities 3,924 14,625 5,662
Proceeds from sales of receivables and lease investments 41,289 41,419 19,439
Proceeds from sale of businesses 257 --
Other 407 617 (320)
Net cash (used in)/provided by investing activities (3,620) (16,612) (36,669)
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 4,900 --
Preferred Stock – Series B redemption (177) --
Changes in short-term debt (14,161) (18,311) (7,682)
Proceeds from issuance of other debt 15,842 46,256 39,624
Principal payments on other debt (16,619) (27,315) (18,527)
Value Enhancement Plan payments - - (5,555)
Net debt repayments from discontinued operation -- 650
Net cash distribution to discontinued operation -- (85)
Other 338 77 212
Net cash (used in)/provided by financing activities (10,333) (2,607) 4,657
Effect of exchange rate changes on cash 373 (252) (914)
Net increase/(decrease) in cash and cash equivalents 5,053 2,420 441
CASH AND CASH EQUIVALENTS AT DECEMBER 31 $ 12,250 $ 7,197 $ 4,777
The accompanying notes are part of the financial statements.
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