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Ford Motor Company Annual Report 2005 56 Ford Motor Company Annual Report 2005 57
Consolidated Statement of Cash Flows
Ford Motor Company And Subsidiaries
For the Years Ended December 31, 2005, 2004 and 2003
(in millions)
Revised – See Note 1
2005 2004 2003
Cash flows from operating activities of continuing operations
Net cash flows from operating activities (Note 21) ................................................................................................. $ 21,674 $ 24,562 $ 17,256
Cash flows from investing activities of continuing operations
Capital expenditures.................................................................................................................................................... (7,517) (6,738) (7,726)
Acquisitions of retail and other finance receivables and operating leases................................................................. (54,024) (63,284) (59,503)
Collections of retail and other finance receivables and operating leases ................................................................... 48,238 51,024 44,476
Net acquisitions of daily rental vehicles ..................................................................................................................... (1,552) (2,492) (1,505)
Purchases of securities ................................................................................................................................................ (6,278) (8,470) (10,074)
Sales and maturities of securities................................................................................................................................ 6,154 8,414 9,382
Proceeds from sales of retail and other finance receivables and operating leases ..................................................... 17,288 6,481 18,401
Proceeds from sale of businesses................................................................................................................................ 7,937 537 1,702
Transfer of cash balances upon disposition of discontinued/held-for-sale operations .............................................. (1,255) (39) (10)
Cash paid for acquisitions ........................................................................................................................................... (2,031) (30) —
Cash recognized on initial consolidation of joint ventures......................................................................................... — — 256
Other............................................................................................................................................................................ 497 (364) 1,599
Net cash (used in)/provided by investing activities.................................................................................................. 7,457 (14,961) (3,002)
Cash flows from financing activities of continuing operations
Cash dividends ............................................................................................................................................................ (738) (733) (733)
Net sales/(purchases) of Common Stock.................................................................................................................... 325 (151) 9
Changes in short-term debt ......................................................................................................................................... (8,591) 4,937 1,305
Proceeds from issuance of other debt ......................................................................................................................... 24,559 22,223 23,086
Principal payments on other debt................................................................................................................................ (36,080) (36,000) (28,765)
Other............................................................................................................................................................................ (126) (120) (82)
Net cash (used in)/provided by financing activities ................................................................................................. (20,651) (9,844) (5,180)
Effect of exchange rate changes on cash ...................................................................................................................... (496) 505 811
Net increase/(decrease) in cash and cash equivalents from continuing operations ......................................... 7,984 262 9,885
Cash from discontinued operations
Cash flows from operating activities of discontinued operations................................................................................. 54 316 308
Cash flows from investing activities of discontinued operations ................................................................................. (49) (320) (280)
Cash flows from financing activities of discontinued operations................................................................................. — — (6)
Net increase/(decrease) in cash and cash equivalents ......................................................................................... $ 7,989 $ 258 $ 9,907
Cash and cash equivalents at January 1 ................................................................................................................... $ 22,831 $ 22,599 $ 13,124
Cash and cash equivalents of discontinued/held-for-sale operations at January 1....................................................... 679 653 221
Net increase/(decrease) in cash and cash equivalents................................................................................................... 7,989 258 9,907
Less: cash and cash equivalents of discontinued/held-for-sale operations at December 31 ........................................ — (679) (653)
Cash and cash equivalents at December 31.............................................................................................................. $ 31,499 $ 22,831 $ 22,599
The accompanying notes are part of the financial statements.