Ford 2012 Annual Report Download - page 149

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Ford Motor Company | 2012 Annual Report 147
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 27. OPERATING CASH FLOWS (Continued)
2010
Automotive
Financial
Services Total (a)
Net income attributable to Ford Motor Company $ 4,690 $1,871 $ 6,561
Depreciation and special tools amortization 3,876 2,024 5,900
Other amortization 703 (1,019) (316)
Provision for credit and insurance losses 51 (216) (165)
Net (gain)/loss on extinguishment of debt 844 139 983
Net (gain)/loss on investment securities (102) 19 (83)
Net (gain)/loss on pension and OPEB curtailment (29) — (29)
Equity investment earnings in excess of dividends received (198) — (198)
Foreign currency adjustments (347) (1) (348)
Net (gain)/loss on sale of businesses 23 (5) 18
Stock option expense 32 234
Cash changes in operating assets and liabilities were as follows:
Provision for deferred income taxes 300 (266) 34
Decrease/(Increase) in intersector receivables/payables 321 (321) —
Decrease/(Increase) in accounts receivable and other assets (988)1,683 695
Decrease/(Increase) in inventory (903) — (903)
Increase/(Decrease) in accounts payable and accrued and other liabilities (1,311) 475 (836)
Other (599)(587)(1,186)
Net cash provided by/(used in) operating activities $ 6,363 $3,798 $ 10,161
_________
(a) See Note 1 for a reconciliation of the sum of the sector net cash provided by/(used in) operating activities to the consolidated net cash provided by/
(used in) operating activities.
Cash paid/(received) for interest and income taxes for continuing operations for the years ended December 31 was as
follows (in millions):
2012 2011 2010
Interest
Automotive sector $ 693 $1,012 $ 1,336
Financial Services sector 3,003 3,357 4,018
Total interest paid $ 3,696 $4,369 $ 5,354
Income taxes $ 344 $268 $ 73
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