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66 Ford Motor Company | 2012 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in millions)
December 31,
2012
December 31,
2011
ASSETS
Cash and cash equivalents $ 15,659 $ 17,148
Marketable securities (Note 6) 20,284 18,618
Finance receivables, net (Note 7) 71,510 69,976
Other receivables, net 10,828 8,565
Net investment in operating leases (Note 8) 16,451 12,838
Inventories (Note 10) 7,362 5,901
Equity in net assets of affiliated companies (Note 11) 3,246 2,936
Net property (Note 13) 24,942 22,371
Deferred income taxes (Note 24) 15,185 15,125
Net intangible assets (Note 14) 87 100
Other assets 5,000 4,770
Total assets $190,554 $178,348
LIABILITIES
Payables $ 19,308 $ 17,724
Accrued liabilities and deferred revenue (Note 15) 49,407 45,369
Debt (Note 17) 105,058 99,488
Deferred income taxes (Note 24) 470 696
Total liabilities 174,243 163,277
Redeemable noncontrolling interest (Note 19) 322 —
EQUITY
Capital stock (Note 26)
Common Stock, par value $.01 per share (3,875 million shares issued) 39 37
Class B Stock, par value $.01 per share (71 million shares issued) 1 1
Capital in excess of par value of stock 20,976 20,905
Retained earnings 18,077 12,985
Accumulated other comprehensive income/(loss) (Note 20) (22,854) (18,734)
Treasury stock (292) (166)
Total equity attributable to Ford Motor Company 15,947 15,028
Equity attributable to noncontrolling interests 42 43
Total equity 15,989 15,071
Total liabilities and equity $190,554 $178,348
The following table includes assets to be used to settle liabilities of the consolidated variable interest entities ("VIEs"). These assets and liabilities are
included in the consolidated balance sheet above. See Note 12 for additional information on our VIEs.
December 31,
2012
December 31,
2011
ASSETS
Cash and cash equivalents $ 2,911 $ 3,402
Finance receivables, net 47,515 49,795
Net investment in operating leases 6,308 6,354
Other assets 4 157
LIABILITIES
Accrued liabilities and deferred revenue 134 97
Debt 40,245 41,421
The accompanying notes are part of the financial statements.