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Notes to the Financial Statements
168 Ford Motor Company | 2010 Annual Report
NOTE 27. OPERATING CASH FLOWS
The reconciliation of Net income/(loss) attributable to Ford Motor Company to cash flows from operating activities of
continuing operations is as follows (in millions):
2010
20102010
2010
Automotive
AutomotiveAutomotive
Automotive
Financial
Financial Financial
Financial
Services
ServicesServices
Services
Total
TotalTotal
Total*
***
Net income/(loss) 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 ................................................................
..............
— (216) (216)
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)
Net losses/(earnings) from equity investments 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 2 34
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 ................................
............
(918) 1,683 765
Decrease/(Increase) in inventory ................................................................
........................
(903) — (903)
Increase/(Decrease) in accounts payable and accrued and other liabilities
........................
(1,179) 475 (704)
Other................................................................................................
................................
(750) (587) (1,337)
Net cash (used in)/provided by operating activities ................................
...........................
$ 6,363 $ 3,798 $ 10,161
2009
20092009
2009
Automotive
AutomotiveAutomotive
Automotive
Financial
Financial Financial
Financial
Services
ServicesServices
Services
Total
TotalTotal
Total*
***
Net income/(loss) attributable to Ford Motor Company ................................
...........................
$ 1,563 $ 1,154 $ 2,717
(Income)/Loss of discontinued operations ................................................................
.............
(3) (2) (5)
Depreciation and special tools amortization ................................
................................
3,743 3,924 7,667
Other amortization ................................................................................................
................
174 (1,261) (1,087)
Impairment charges ................................................................................................
..............
157 154 311
Held-for-sale impairment................................................................
................................
650 — 650
Provision for credit and insurance losses ................................................................
..............
— 1,030 1,030
Net (gain)/loss on extinguishment of debt ................................................................
.............
(4,666) (71) (4,737)
Net (gain)/loss on investment securities................................................................
................
(385) (25) (410)
Net (gain)/loss on pension and OPEB curtailment ................................
................................
(4) — (4)
Net (gain)/loss on settlement of U.S. hourly retiree health care obligation
............................
248 — 248
Net losses/(earnings) from equity investments in excess of dividends received
....................
(38) (7) (45)
Foreign currency adjustments................................................................
...............................
415 (323) 92
Net (gain)/loss on sale of businesses................................................................
....................
29 4 33
Stock option expense................................................................................................
............
27 2 29
Cash changes in operating assets and liabilities were as follows:
Provision for deferred income taxes................................................................
....................
590 (1,336) (746)
Decrease/(Increase) in intersector receivables/payables ................................
....................
(598) 598 —
Decrease/(Increase) in equity method investments ................................
............................
74 — 74
Decrease/(Increase) in accounts receivable and other assets ................................
............
407 2,205 2,612
Decrease/(Increase) in inventory ................................................................
........................
2,201 — 2,201
Increase/(Decrease) in accounts payable and accrued and other liabilities
........................
(1,838) (994) (2,832)
Other................................................................................................
................................
128 753 881
Net cash (used in)/provided by operating activities ................................
...........................
$ 2,874 $ 5,805 $ 8,679
* See Note 1 for a reconciliation of the sum of the sector cash flows from operating activities of continuing operations to the consolidated cash flows
from operating activities of continuing operations.