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68 Ford Motor Company | 2012 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(in millions)
For the years ended December 31,
2012 2011 2010
Cash flows from operating activities of continuing operations
Net cash provided by/(used in) operating activities $ 9,045 $9,784 $ 11,477
Cash flows from investing activities of continuing operations
Capital expenditures (5,488) (4,293)(4,092)
Acquisitions of retail and other finance receivables and operating leases (39,208) (35,866) (28,873)
Collections of retail and other finance receivables and operating leases 32,333 33,964 37,757
Purchases of securities (95,135) (68,723) (100,150)
Sales and maturities of securities 93,749 70,795 101,077
Cash change due to initial consolidation of businesses 191 — 94
Proceeds from sale of business 66 333 1,318
Settlements of derivatives (737)353 (37)
Elimination of cash balances upon disposition of discontinued/held-for-sale operations — (69) (456)
Other (61)465 270
Net cash provided by/(used in) investing activities (14,290) (3,041) 6,908
Cash flows from financing activities of continuing operations
Cash dividends (763) — —
Purchases of Common Stock (125) — —
Sales of Common Stock — — 1,339
Changes in short-term debt 1,208 2,841 (1,754)
Proceeds from issuance of other debt 32,436 35,921 30,821
Principal payments on other debt (29,210) (43,095) (47,625)
Payments on notes/transfer of cash equivalents to the UAW Voluntary Employee Benefit
Association ("VEBA") Trust — — (7,302)
Other 159 92 100
Net cash provided by/(used in) financing activities 3,705 (4,241) (24,421)
Effect of exchange rate changes on cash and cash equivalents 51 (159)(53)
Net increase/(decrease) in cash and cash equivalents $ (1,489) $ 2,343 $(6,089)
Cash and cash equivalents at January 1 $17,148 $14,805 $ 20,894
Net increase/(decrease) in cash and cash equivalents (1,489) 2,343 (6,089)
Cash and cash equivalents at December 31 $15,659 $17,148 $ 14,805
The accompanying notes are part of the financial statements.