Ford 2003 Annual Report Download - page 71

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2003 ANNUAL REPORT 69
CONSOLIDATED BALANCE SHEET
2003 2002
ASSETS
Cash and cash equivalents $ 21,770 $ 12,221
Marketable securities 11,872 18,271
Loaned securities 5,667 -
Receivables, less allowances of $384 and $374 2,721 2,047
Finance receivables, net 110,893 97,007
Net investment in operating leases 31,859 39,727
Retained interest in sold receivables 13,017 17,618
Inventories 9,181 6,977
Equity in net assets of affiliated companies 2,959 3,569
Net property 43,598 37,923
Deferred income taxes 7,389 2,978
Goodwill 6,147 5,468
Other intangible assets 1,115 1,060
Assets of discontinued/held-for-sale operations 456 3,029
Other assets 35,950 29,227
Total assets $ 304,594 $ 277,122
LIABILITIES AND STOCKHOLDERS’ EQUITY
Payables $ 20,420 $ 18,936
Accrued liabilities 29,591 25,059
Debt 179,804 162,212
Other liabilities and deferred income 53,899 56,270
Deferred income taxes 8,439 2,311
Liabilities of discontinued/held-for-sale operations 131 1,074
Total liabilities 292,284 265,862
Company-obligated mandatorily redeemable preferred securities of subsidiary
trusts holding solely junior subordinated debentures of the Company -5,670
Minority interests 659 -
Stockholders’ equity
Capital stock
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) 11
Capital in excess of par value of stock 5,374 5,420
Accumulated other comprehensive income/(loss) (414) (6,531)
Treasury stock (1,749) (1,977)
Earnings retained for use in business 8,421 8,659
Total stockholders' equity 11,651 5,590
Total liabilities and stockholders' equity $ 304,594 $ 277,122
The accompanying notes are part of the financial statements.
FORD MOTOR COMPANY AND SUBSIDIARIES
As of December 31, 2003 and 2002
(in millions)
FIN33_72 3/21/04 2:19 AM Page 69