Ford 2002 Annual Report Download - page 65

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61
CONSOLIDATED BALANCE SHEET
FORD MOTOR COMPANY AND SUBSIDIARIES
As of December 31, 2002 and 2001
(in millions)
2002 2001
ASSETS
Cash and cash equivalents $ 12,250 $ 7,197
Marketable securities 18,271 11,577
Receivables, less allowances of $374 and $240 2,065 2,181
Net investment in operating leases 40,055 45,388
Finance receivables, net 97,030 110,190
Retained interest in sold receivables 17,618 12,548
Inventories 6,980 6,127
Equity in net assets of affiliated companies 3,569 3,713
Net property 37,935 34,575
Deferred income taxes 15,213 8,639
Goodwill 5,557 6,255
Other intangible assets 1,060 1,390
Assets of discontinued and held-for-sale operations 2,504 2,504
Other assets 29,250 19,609
Total assets $ 289,357 $ 271,893
LIABILITIES AND STOCKHOLDERS’ EQUITY
Payables $ 18,981 $ 21,328
Accrued liabilities 25,088 24,224
Debt 162,222 166,803
Other liabilities and deferred income 56,276 39,812
Deferred income taxes 14,561 10,345
Liabilities of discontinued and held-for-sale operations 969 923
Total liabilities 278,097 263,435
Company-obligated mandatorily redeemable preferred securities of a subsidiary
trusts holding solely junior subordinated debentures of the company 5,670 672
Stockholders’ equity
Capital stock
Preferred Stock, par value $1.00 per share
(aggregate liquidation preference of $177 million at December 31, 2001) -*
Common Stock, par value $0.01 per share (1,837 million shares issued) 18 18
Class B Stock, par value $0.01 per share (71 million shares issued) 11
Capital in excess of par value of stock 5,420 6,001
Accumulated other comprehensive income/(loss) (6,531) (5,913)
Treasury stock (1,977) (2,823)
Earnings retained for use in business 8,659 10,502
Total stockholders’ equity 5,590 7,786
Total liabilities and stockholders’ equity $ 289,357 $ 271,893
*Less than $1 million.
The accompanying notes are part of the financial statements.
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