Ford 2003 Annual Report Download - page 105

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2003 ANNUAL REPORT 103
SELECTED FINANCIAL DATA
The following table sets forth selected financial data concerning Ford for each of the last five years (dollar amounts in
millions, except per share amounts). The data have been reclassified for held-for-sale operations in 2003, which are
described in Note 3 of the Notes to Financial Statements.
2003 2002 2001 2000 1999
Total Company
Sales and revenues $ 164,196 $ 162,256 $ 160,504 $ 168,930 $ 160,053
Income/(loss) before income taxes 1,370 951 (7,419) 8,311 9,856
Provision/(credit) for income taxes 135 301 (2,096) 2,722 3,247
Minority interests in net income of subsidiaries 314 367 24 127 112
Income/(loss) from continuing operations 921 283 (5,347) 5,462 6,497
Income/(loss) from discontinued/held-for-sale operations (8) (62) (106) 257 740
Loss on disposal of discontinued/held-for-sale operations (154) (199) - (2,252) -
Cumulative effects of change in accounting principle (264) (1,002) - - -
Net income/(loss) $ 495 $ (980) $ (5,453) $ 3,467 $ 7,237
Automotive Sector
Sales $ 138,442 $ 134,273 $ 130,736 $ 140,765 $ 135,022
Operating income/(loss) (1,531) (528) (7,390) 5,298 7,190
Income/(loss) before income taxes (1,957) (1,153) (8,857) 5,333 7,296
Financial Services Sector
Revenues $ 25,754 $ 27,983 $ 29,768 $ 28,165 $ 25,031
Income/(loss) before income taxes 3,327 2,104 1,438 2,978 2,560
Total Company Data Per Share of Common
and Class B Stock a/
Basic:
Income/(loss) from continuing operations $ 0.50 $ 0.15 $ (2.96) $ 3.69 $ 5.38
Income/(loss) from discontinued/held-for-sale operations -(0.04) (0.06) 0.18 0.61
Loss on disposal of discontinued/held-for-sale operations (0.09) (0.11) - (1.53) -
Cumulative effects of change in accounting principle (0.14) (0.55) - - -
Net income/(loss) $ 0.27 $ (0.55) $ (3.02) $ 2.34 $ 5.99
Diluted:
Income/(loss) from continuing operations $ 0.50 $ 0.15 $ (2.96) $ 3.62 $ 5.26
Income/(loss) from discontinued/held-for-sale operations -(0.03) (0.06) 0.17 0.60
Loss on disposal of discontinued/held-for-sale operations (0.09) (0.11) - (1.49) -
Cumulative effects of change in accounting principle (0.14) (0.55) - - -
Net income/(loss) $ 0.27 $ (0.54) $ (3.02) $ 2.30 $ 5.86
Cash dividends b/ $ 0.40 $ 0.40 $ 1.05 $ 1.80 $ 1.88
Common stock price range (NYSE Composite)
High 17.33 18.23 31.42 31.46 37.30
Low 6.58 6.90 14.70 21.69 25.42
Average number of shares of Common and
Class B stock outstanding (in millions) 1,832 1,819 1,820 1,483 1,210
Total Company Balance Sheet Data at Year-End
Assets
Automotive sector $ 120,641 $ 107,790 $ 88,319 $ 94,312 $ 99,201
Financial Services sector 195,279 187,432 188,224 189,078 171,048
Total assets $ 315,920 $ 295,222 $ 276,543 $ 283,390 $ 270,249
Long-term Debt
Automotive $ 18,987 $ 13,607 $ 13,467 $ 11,769 $ 10,398
Financial Services 100,764 106,525 107,024 86,865 67,170
Total long-term debt $ 119,751 $ 120,132 $ 120,491 $ 98,634 $ 77,568
Stockholders’ Equity $ 11,651 $ 5,590 $ 7,786 $ 18,610 $ 27,604
a/ Share data have been adjusted to reflect stock dividends and stock splits. Common stock price range (NYSE Composite) has
been adjusted to reflect the spin-offs of Visteon and The Associates, and a recapitalization known as our Value Enhancement Plan.
b/ Adjusted for the Value Enhancement Plan effected in August 2000, cash dividends were $1.16 per share in 2000.
FIN73_104 3/22/04 6:52 PM Page 103