Ford 2005 Annual Report Download - page 58

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Sector Balance Sheet
Ford Motor Company and Subsidiaries
(in millions)
December 31,
2005
December 31,
2004
ASSETS
Automotive
Cash and cash equivalents.................................................................................................................................................................... $ 13,392 $ 10,142
Marketable securities (Note 5) ............................................................................................................................................................. 6,860 8,291
Loaned securities (Note 5) ................................................................................................................................................................... 3,461 1,058
Total cash, marketable and loaned securities .................................................................................................................................. 23,713 19,491
Receivables, less allowances of $298 and $388 .................................................................................................................................. 3,061 2,894
Inventories (Note 6).............................................................................................................................................................................. 10,271 10,766
Deferred income taxes.......................................................................................................................................................................... 1,187 2,200
Other current assets .............................................................................................................................................................................. 8,177 8,916
Total current assets .......................................................................................................................................................................... 46,409 44,267
Equity in net assets of affiliated companies......................................................................................................................................... 1,756 1,907
Net property (Note 8) ........................................................................................................................................................................... 40,379 42,904
Deferred income taxes.......................................................................................................................................................................... 11,049 8,164
Goodwill and other intangible assets (Note 10)................................................................................................................................... 5,928 6,374
Assets of discontinued/held-for-sale operations .................................................................................................................................. — 188
Other assets........................................................................................................................................................................................... 8,308 9,247
Total Automotive assets................................................................................................................................................................... 113,829 113,051
Financial Services
Cash and cash equivalents.................................................................................................................................................................... 18,107 12,689
Investments in securities (Note 5)........................................................................................................................................................ 723 655
Finance receivables, net (Note 11)....................................................................................................................................................... 111,436 112,541
Net investment in operating leases (Note 12) ...................................................................................................................................... 22,951 22,652
Retained interest in sold receivables (Note 13) ................................................................................................................................... 1,420 9,166
Goodwill and other intangible assets (Note 10)................................................................................................................................... 17 20
Assets of discontinued/held-for-sale operations .................................................................................................................................. — 16,158
Other assets........................................................................................................................................................................................... 7,457 12,466
Receivable from Automotive (Note 1)................................................................................................................................................. 83 2,753
Total Financial Services assets ........................................................................................................................................................ 162,194 189,100
Intersector elimination ..................................................................................................................................................................... (83) (2,753)
Total assets...................................................................................................................................................................................... $ 275,940 $ 299,398
LIABILITIES AND STOCKHOLDERSʼ EQUITY
Automotive
Trade payables...................................................................................................................................................................................... $ 16,554 $ 16,026
Other liabilities ..................................................................................................................................................................................... 4,222 4,269
Accrued liabilities and deferred revenue (Note 15)............................................................................................................................. 28,733 29,700
Deferred income taxes.......................................................................................................................................................................... 804 877
Debt payable within one year (Note 16) .............................................................................................................................................. 978 977
Current payable to Financial Services (Note 1) ................................................................................................................................... 83 1,382
Total current liabilities..................................................................................................................................................................... 51,374 53,231
Long-term debt (Note 16) .................................................................................................................................................................... 16,900 17,250
Other liabilities (Note 15) .................................................................................................................................................................... 38,639 37,058
Deferred income taxes.......................................................................................................................................................................... 586 312
Liabilities of discontinued/held-for-sale operations ............................................................................................................................ — 46
Payable to Financial Services (Note 1) ................................................................................................................................................ — 1,371
Total Automotive liabilities............................................................................................................................................................. 107,499 109,268
Financial Services
Payables................................................................................................................................................................................................ 2,037 1,696
Debt (Note 16)...................................................................................................................................................................................... 136,454 146,110
Deferred income taxes.......................................................................................................................................................................... 10,349 9,890
Other liabilities and deferred income................................................................................................................................................... 5,605 6,834
Liabilities of discontinued/held-for-sale operations ............................................................................................................................ — 11,431
Total Financial Services liabilities .................................................................................................................................................. 154,445 175,961
Minority Interests ................................................................................................................................................................................. 1,122 877
Stockholdersʼ equity
Capital stock (Note 18)
Common Stock, par value $0.01 per share (1,837 million shares issued; 6,000 million shares authorized) ................................... 18 18
Class B Stock, par value $0.01 per share (71 million shares issued; 530 million shares authorized).............................................. 1 1
Capital in excess of par value of stock................................................................................................................................................. 4,872 5,321
Accumulated other comprehensive income/(loss)............................................................................................................................... (3,562) 1,258
Treasury stock ...................................................................................................................................................................................... (833) (1,728)
Earnings retained for use in business ................................................................................................................................................... 12,461 11,175
Total stockholdersʼ equity ............................................................................................................................................................... 12,957 16,045
Intersector elimination ..................................................................................................................................................................... (83) (2,753)
Total liabilities and stockholdersʼ equity .................................................................................................................................... $ 275,940 $ 299,398
The accompanying notes are part of the financial statements.
Ford Motor Company Annual Report 2005 56 Ford Motor Company Annual Report 2005 57