Ford 2004 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2004 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 100

  • 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

1
O P E R A T I N G H I G H L I G H T S
Financial Results 2004 2003
Worldwide vehicle unit sales of cars and
trucks by automotive business unit (in thousands)
The Americas 3,915 4,020
Ford Europe and PAG 2,476 2,363
Ford Asia Pacific and Africa 407 353
Total 6,798 6,736
Sales and revenues (in billions)
Automotive $ 147.1 $ 138.2
Financial Services 24.5 26.1
Total 171.6 164.3
Automotive capital expenditures
Amount (in billions) $ 6.3 $ 7.4
As a percentage of automotive sales 4.3% 5.3%
Automotive cash at year end (in billions)
Cash, marketable and loaned securities
and assets held in short-term VEBA trust a/ $ 23.6 $ 25.9
Cash net of debt b/ 5.2 5.1
Income before taxes (in billions)
Automotive $ (0.2) $ (1.9)
Financial Services 5.0 3.2
Total 4.8 1.3
Net income (in billions) $ 3.5 $ 0.5
Basic net income per share of Common and Class B stock $ 1.91 $ 0.27
Shareholder Value
Dividends per share $ 0.40 $ 0.40
Total shareholder returns c/ (6)% 79%
a/ Voluntary Employee Beneficiary Association trust, in which $4.1 billion of financial assets were held at the end of
2004 and $4.0 billion at the end of 2003 to fund certain future employee benefit obligations in the near term.
b/ Automotive cash, marketable and loaned securities and assets held in a short-term VEBA trust less Automotive debt.
c/ From Bloomberg Total Return Analysis assuming dividends are reinvested in Ford stock.
Prior-year amounts have been reclassified to conform to current-year presentation.