Ford 2004 Annual Report Download - page 58

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5 6
SECTOR BALANCE SHEET
December 31,
2004
December 31,
2003
ASSETS
Automotive
Cash and cash equivalents
$
10,143 $ 6,856
Marketable securities (Note 5) 8,291 9,316
Loaned securities (Note 5) 1,058 5,667
Total cash, marketable and loaned securities 19,492 21,839
Receivables, less allowances of $388 and $384 2,896 2,698
Inventories (Note 6) 10,766 9,151
Deferred income taxes 3,837 3,225
Other current assets 7,712 6,829
Total current assets 44,703 43,742
Equity in net assets of affiliated companies 1,907 1,930
Net property (Note 8) 42,906 41,919
Deferred income taxes 10,894 12,090
Goodwill and other intangible assets (Note 9) 6,374 6,053
Assets of discontinued/held-for-sale operations 180 410
Other assets 9,458 9,300
Total Automotive assets 116,422 115,444
Financial Services
Cash and cash equivalents 13,368 16,352
Investments in securities (Note 5) 1,216 1,123
Finance receivables, net (Note 10) 113,824 110,003
Net investment in operating leases (Note 11) 31,763 31,859
Retained interest in sold receivables (Note 12) 9,166 12,569
Goodwill and other intangible assets (Note 9) 897 947
Assets of discontinued/held-for-sale operations 2,186 1,810
Other assets 13,746 17,260
Receivable from Automotive (Note 1) 2,753 3,356
Total Financial Services assets 188,919 195,279
Total assets
$
305,341 $ 310,723
LIABILITIES AND STOCKHOLDERS’ EQUITY
Automotive
Trade payables
$
16,030 $ 15,279
Other payables 3,065 2,940
Accrued liabilities (Note 14) 33,573 32,143
Debt payable within one year (Note 15) 977 1,806
Current payable to Financial Services (Note 1) 1,382 124
Total current liabilities 55,027 52,292
Senior debt (Note 15) 12,303 13,832
Subordinated debt (Note 15) 5,155 5,155
Total long-term debt 17,458 18,987
Other liabilities (Note 14) 35,699 39,889
Deferred income taxes 3,042 2,352
Liabilities of discontinued/held-for-sale operations 42 152
Payable to Financial Services (Note 1) 1,371 3,232
Total Automotive liabilities 112,639 116,904
Financial Services
Payables 2,394 2,188
Debt (Note 15) 154,538 159,011
Deferred income taxes 10,549 11,079
Other liabilities and deferred income 8,206 9,148
Liabilities of discontinued/held-for-sale operations 93 83
Total Financial Services liabilities 175,780 181,509
Minority interests 877 659
Stockholders’ equity
Capital stock (Note 17)
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) 1 1
Capital in excess of par value of stock 5,321 5,374
Accumulated other comprehensive income/(loss) 1,258 (414)
Treasury stock (1,728) (1,749)
Earnings retained for use in business 11,175 8,421
Total stockholders’ equity 16,045 11,651
Total liabilities and stockholders’ equity
$
305,341 $ 310,723
The accompanying notes are part of the financial statements.
Ford Motor Company and Subsidiaries
(in millions)