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146 Ford Motor Company | 2012 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 27. OPERATING CASH FLOWS
The reconciliation of Net income attributable to Ford Motor Company to Net cash provided by/(used in) operating
activities for the years ended December 31 was as follows (in millions):
2012
Automotive
Financial
Services Total (a)
Net income attributable to Ford Motor Company $ 4,466 $1,199 $ 5,665
Depreciation and special tools amortization 3,655 2,524 6,179
Other amortization 43 (1,018) (975)
Provision for credit and insurance losses 6 86 92
Net (gain)/loss on extinguishment of debt — 14 14
Net (gain)/loss on investment securities (89)(16) (105)
Dividends in excess of equity investment earnings 20 — 20
Foreign currency adjustments (121)5(116)
Net (gain)/loss on sale of businesses 183 4 187
Gain on changes in investments in affiliates (780) — (780)
Stock compensation 134 6 140
Cash changes in operating assets and liabilities were as follows:
Provision for deferred income taxes 1,444 545 1,989
Decrease/(Increase) in intersector receivables/payables 899 (899) —
Decrease/(Increase) in accounts receivable and other assets (2,335) 713 (1,622)
Decrease/(Increase) in inventory (1,401) — (1,401)
Increase/(Decrease) in accounts payable and accrued and other liabilities (520)1,005 485
Other 662 (211)451
Net cash provided by/(used in) operating activities $ 6,266 $3,957 $ 10,223
2011
Automotive
Financial
Services Total (a)
Net income attributable to Ford Motor Company $ 18,447 $1,766 $ 20,213
Depreciation and special tools amortization 3,533 1,843 5,376
Other amortization 80 (1,200)(1,120)
Provision for credit and insurance losses 2 (33)(31)
Net (gain)/loss on extinguishment of debt 60 68 128
Net (gain)/loss on investment securities 76 682
Equity investment earnings in excess of dividends received (169) — (169)
Foreign currency adjustments (35) (2) (37)
Net (gain)/loss on sale of businesses (410)(11) (421)
Stock compensation 163 8 171
Cash changes in operating assets and liabilities were as follows:
Provision for deferred income taxes (11,566) 495 (11,071)
Decrease/(Increase) in intersector receivables/payables 642 (642) —
Decrease/(Increase) in accounts receivable and other assets (1,658) 722 (936)
Decrease/(Increase) in inventory (367) — (367)
Increase/(Decrease) in accounts payable and accrued and other liabilities (168)(450) (618)
Other 738 (165)573
Net cash provided by/(used in) operating activities $ 9,368 $2,405 $ 11,773
_________
(a) See Note 1 for a reconciliation of the sum of the sector net cash provided by/(used in) operating activities to the consolidated net cash provided by/
(used in) operating activities.