Ford 2004 Annual Report Download - page 91

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8 9
NOTES TO THE FINANCIAL STATEMENTS
Financial Services Sector a/ Total Company
(in millions) Ford
2004 Credit Hertz Other Elims Total Elims b/ Total
Revenues
External customer $ 17,404 $ 6,681 $ 433 $ - $ 24,518 $ - $ 171,652
Intersegment 478 19 13 (13) 497 (6,828) -
Income
Income/(loss) before income taxes 4,431 493 84 - 5,008 - 4,853
Other disclosures
Depreciation and amortization 4,981 1,612 35 - 6,628 - 13,052
Automotive interest income 1,113
Interest expense 5,333 408 109 - 5,850 - 7,071
Cash out flow for capital expenditures 62 325 71 - 458 - 6,745
Unconsolidated affiliates
Equity in net income/(loss) (2) - - - (2) - 253
Investment in 170 - - - 170 - 2,077
Total assets at year end 172,621 14,417 1,881 - 188,919 - 305,341
2003
Revenues
External customer $ 19,774 $ 5,926 $ 378 $ - $ 26,078 $ - $ 164,338
Intersegment 316 26 48 (51) 339 (5,655) -
Income
Income/(loss) before income taxes 2,956 228 63 - 3,247 - 1,339
Other disclosures
Depreciation and amortization 7,076 1,658 48 - 8,782 - 14,266
Automotive interest income 870
Interest expense 5,831 373 116 - 6,320 - 7,643
Cash out flow for capital expenditures 30 254 95 - 379 - 7,736
Unconsolidated affiliates
Equity in net income/(loss) 12 - (3) - 9 - 83
Investment in 196 - 37 - 233 - 2,163
Total assets at year end 179,135 12,920 3,224 - 195,279 - 310,723
2002
Revenues
External customer $ 22,169 $ 5,615 $ 354 $ - $ 28,138 $ - $ 162,258
Intersegment 269 33 61 (76) 287 (5,686) -
Income
Income/(loss) before income taxes 1,979 200 (61) - 2,118 - 1,064
Other disclosures
Depreciation and amortization 8,493 1,639 42 - 10,174 - 15,080
Automotive interest income 834
Interest expense 6,929 377 162 - 7,468 - 8,801
Cash out flow for capital expenditures 83 255 164 - 502 - 7,263
Unconsolidated affiliates
Equity in net income/(loss) 11 - - - 11 - (80)
Investment in 197 - 29 - 226 - 2,696
Total assets at year end 170,369 11,479 5,584 - 187,432 - 290,202
a/ Financial Services sector’s interest income is recorded as Revenues.
b/ Includes intersector transactions occurring in the ordinary course of business.