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Notes to the Financial Statements
170 Ford Motor Company | 2011 Annual Report
NOTE 26. OPERATING CASH FLOWS
The reconciliation of Net income/(loss) attributable to Ford Motor Company to Net cash (used in)/provided by
operating activities for the years ended December 31 was as follows (in millions):
Net income/(loss) attributable to Ford Motor Company
Depreciation and special tools amortization
Other amortization
Provision for credit and insurance losses
Net (gain)/loss on extinguishment of debt
Net (gain)/loss on investment securities
Net losses/(earnings) from equity investments in excess of dividends received
Foreign currency adjustments
Net (gain)/loss on sale of businesses
Stock compensation
Cash changes in operating assets and liabilities were as follows:
Provision for deferred income taxes
Decrease/(Increase) in intersector receivables/payables
Decrease/(Increase) in accounts receivable and other assets
Decrease/(Increase) in inventory
Increase/(Decrease) in accounts payable and accrued and other liabilities
Other
Net cash (used in)/provided by operating activities
2011
Automotive
$18,447
3,533
80
—
60
76
(169)
(35)
(410)
163
(11,566)
642
(1,649)
(367)
(230)
793
$9,368
Financial
Services
$1,766
1,843
(1,200)
(33)
68
6
—
(2)
(11)
8
495
(642)
722
—
(450)
(165)
$2,405
Total (a)
$ 20,213
5,376
(1,120)
(33)
128
82
(169)
(37)
(421)
171
(11,071)
—
(927)
(367)
(680)
628
$ 11,773
Net income/(loss) attributable to Ford Motor Company
Depreciation and special tools amortization
Other amortization
Provision for credit and insurance losses
Net (gain)/loss on extinguishment of debt
Net (gain)/loss on investment securities
Net (gain)/loss on pension and OPEB curtailment
Net losses/(earnings) from equity investments in excess of dividends received
Foreign currency adjustments
Net (gain)/loss on sale of businesses
Stock option expense
Cash changes in operating assets and liabilities were as follows:
Provision for deferred income taxes
Decrease/(Increase) in intersector receivables/payables
Decrease/(Increase) in accounts receivable and other assets
Decrease/(Increase) in inventory
Increase/(Decrease) in accounts payable and accrued and other liabilities
Other
Net cash (used in)/provided by operating activities
2010
Automotive
$4,690
3,876
703
—
844
(102)
(29)
(198)
(347)
23
32
300
321
(918)
(903)
(1,179)
(750)
$6,363
Financial
Services
$1,871
2,024
(1,019)
(216)
139
19
—
—
(1)
(5)
2
(266)
(321)
1,683
—
475
(587)
$3,798
Total (a)
$ 6,561
5,900
(316)
(216)
983
(83)
(29)
(198)
(348)
18
34
34
—
765
(903)
(704)
(1,337)
$ 10,161
_________
(a) See Note 1 for a reconciliation of the sum of the sector net cash (used in)/provided by operating activities to the consolidated net cash (used in)/
provided by operating activities.