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74 Ford Motor Company | 2012 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 1. PRESENTATION (Continued)
Sector to Consolidated Cash Flow. We present certain cash flows from wholesale receivables, finance receivables
and the acquisition of intersector debt differently on our sector and consolidated statements of cash flows. The
reconciliation between totals for the sector and consolidated cash flows for the years ended December 31 was as follows
(in millions):
2012 2011 2010
Automotive net cash provided by/(used in) operating activities $ 6,266 $9,368 $ 6,363
Financial Services net cash provided by/(used in) operating activities 3,957 2,405 3,798
Total sector net cash provided by/(used in) operating activities (Note 27) 10,223 11,773 10,161
Reclassifications from investing to operating cash flows
Wholesale receivables (a) (1,235) (2,010)(46)
Finance receivables (b) 57 21 62
Reclassifications from operating to financing cash flows
Payments on notes to the UAW VEBA Trust (c) — — 1,300
Consolidated net cash provided by/(used in) operating activities $ 9,045 $9,784 $ 11,477
Automotive net cash provided by/(used in) investing activities $ (8,024) $ (1,541) $ 577
Financial Services net cash provided by/(used in) investing activities (6,318) (586) 9,256
Total sector net cash provided by/(used in) investing activities (14,342) (2,127) 9,833
Reclassifications from investing to operating cash flows
Wholesale receivables (a) 1,235 2,010 46
Finance receivables (b) (57)(21)(62)
Reclassifications from investing to financing cash flows
Maturity of Financial Services sector debt held by Automotive sector (d) (201) — (454)
Elimination of investing activity to/(from) Financial Services in consolidation (925)(2,903)(2,455)
Consolidated net cash provided by/(used in) investing activities $ (14,290) $ (3,041) $ 6,908
Automotive net cash provided by/(used in) financing activities $ 40 $ (5,932) $ (10,476)
Financial Services net cash provided by/(used in) financing activities 2,539 (1,212) (15,554)
Total sector net cash provided by/(used in) financing activities 2,579 (7,144) (26,030)
Reclassifications from investing to financing cash flows
Maturity of Financial Services sector debt held by Automotive sector (d) 201 —454
Elimination of investing activity to/(from) Financial Services in consolidation 925 2,903 2,455
Reclassifications from operating to financing cash flows
Payments on notes to the UAW VEBA Trust (c) — — (1,300)
Consolidated net cash provided by/(used in) financing activities $ 3,705 $(4,241) $ (24,421)
__________
(a) In addition to the cash flow from vehicles sold by us, the cash flow from wholesale finance receivables (being reclassified from investing to
operating) includes dealer financing by Ford Credit of used and non-Ford vehicles. One hundred percent of cash flows from these wholesale
finance receivables have been reclassified for consolidated presentation as the portion of these cash flows from used and non-Ford vehicles is
impracticable to separate.
(b) Includes cash flows of finance receivables purchased/collected by the Financial Services sector from certain divisions and subsidiaries of the
Automotive sector.
(c) Cash outflows related to this transaction are reported as financing activities on the consolidated statement of cash flows and operating activities on
the sector statement of cash flows.
(d) Cash inflows related to these transactions are reported as financing activities on the consolidated statement of cash flows and investing activities
on the sector statement of cash flows.