Ford 2005 Annual Report Download - page 103

Download and view the complete annual report

Please find page 103 of the 2005 Ford annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

Ford Motor Company Annual Report 2005 100 Ford Motor Company Annual Report 2005 101
Selected Financial Data
The following table sets forth selected financial data for each of the last five years (dollar amounts in millions, except per share
amounts). Prior-year amounts have been reclassified to conform to current year presentation.
2005 2004 2003 2002 2001
SUMMARY OF OPERATIONS
Total Company
Sales and revenues..................................................................................................................... $ 177,089 $ 171,646 $ 164,331 $ 162,256 $ 160,652
Income/(loss) before income taxes............................................................................................ $ 1,996 $ 4,853 $ 1,339 $ 1,064 $ (7,325)
Provision/(credit) for income taxes........................................................................................... (512) 938 123 342 (2,064)
Minority interests in net income of subsidiaries ....................................................................... 280 282 314 367 24
Income/(loss) from continuing operations ................................................................................ 2,228 3,633 902 355 (5,285)
Income/(loss) from discontinued operations............................................................................. 47 (146) (143) (333) (168)
Cumulative effects of change in accounting principle.............................................................. (251) — (264) (1,002) —
Net income/(loss) ...................................................................................................................... $ 2,024 $ 3,487 $ 495 $ (980) $ (5,453)
Automotive sector
Sales........................................................................................................................................... $ 153,503 $ 147,128 $ 138,253 $ 134,118 $ 130,599
Operating income/(loss) ............................................................................................................ (4,209) (177) (1,556) (604) (7,471)
Income/(loss) before income taxes............................................................................................ (3,895) (155) (1,908) (1,054) (8,762)
Financial Services sector
Revenues.................................................................................................................................... $ 23,586 $ 24,518 $ 26,078 $ 28,138 $ 30,053
Income/(loss) before income taxes............................................................................................ 5,891 5,008 3,247 2,118 1,437
Total Company Data Per Share of Common and Class B Stock
Basic:
Income/(loss) from continuing operations ................................................................................ $ 1.21 $ 1.99 $ 0.49 $ 0.19 $ (2.93)
Income/(loss) from discontinued operations............................................................................. 0.03 (0.08) (0.08) (0.19) (0.09)
Cumulative effects of change in accounting principle.............................................................. (0.14) — (0.14) (0.55) —
Net income/(loss) ...................................................................................................................... $ 1.10 $ 1.91 $ 0.27 $ (0.55) $ (3.02)
Diluted:
Income/(loss) from continuing operations ................................................................................ $ 1.14 $ 1.80 $ 0.49 $ 0.19 $ (2.93)
Income/(loss) from discontinued/held-for-sale operations....................................................... 0.02 (0.07) (0.08) (0.18) (0.09)
Cumulative effects of change in accounting principle.............................................................. (0.11) — (0.14) (0.55) —
Net income/(loss) ...................................................................................................................... $ 1.05 $ 1.73 $ 0.27 $ (0.54) $ (3.02)
Cash dividends .......................................................................................................................... $ 0.40 $ 0.40 $ 0.40 $ 0.40 $ 1.05
Common stock price range (NYSE Composite)
High....................................................................................................................................... $ 14.75 $ 17.34 $ 17.33 $ 18.23 $ 31.42
Low ....................................................................................................................................... 7.57 12.61 6.58 6.90 14.70
Average number of shares of Common and Class B stock outstanding (in millions).............. 1,846 1,830 1,832 1,819 1,820
SECTOR BALANCE SHEET DATA AT YEAR END
Assets
Automotive sector ................................................................................................................... $ 113,829 $ 113,051 $ 111,230 $ 100,223 $ 88,150
Financial Services sector......................................................................................................... 162,194 189,100 195,482 187,606 188,345
Intersector elimination ............................................................................................................ (83) (2,753) (3,356) (5,865) (4,650)
Total assets............................................................................................................................ $ 275,940 $ 299,398 $ 303,356 $ 281,964 $ 271,845
Long-term Debt
Automotive sector ................................................................................................................... $ 16,900 $ 17,250 $ 18,758 $ 13,363 $ 13,467
Financial Services sector......................................................................................................... 104,119 113,992 126,336 124,970 124,050
Total long-term debt ............................................................................................................. $ 121,019 $ 131,242 $ 145,094 $ 138,333 $ 137,517
Stockholdersʼ Equity............................................................................................................... $ 12,957 $ 16,045 $ 11,651 $ 5,590 $ 7,786
Employment Data
The approximate number of individuals employed by us and our consolidated entities (including entities we do not control) at
December 31, 2005 and 2004 was as follows (in thousands):
2005 2004*
Business Unit
Automotive Sector
The Americas
Ford North America ...................................................................................................................................................................................
.
140 126
Ford South America ...................................................................................................................................................................................
.
13 12
Ford Europe and PAG
Ford Europe ................................................................................................................................................................................................
.
66 69
PAG ............................................................................................................................................................................................................
.
49 51
Ford Asia Pacific and Africa ........................................................................................................................................................................
.
18 18
Financial Services Sectro
Ford Motor Credit Company........................................................................................................................................................................
.
14 18
The Hertz Corporation ..................................................................................................................................................................................
.
- 31
Total.........................................................................................................................................................................................................
.
300 325
* Employment figures for 2004 have been adjusted to conform to 2005 business unit presentation.
As shown in the employment data above, from December 31, 2004 to December 31, 2005, the number of people we employed
decreased approximately eight percent. This decrease primarily reflects the sale of Hertz, partially offset by the formation of ACH
which employs approximately 17,700 Ford hourly workers who were previously assigned to Visteon and approximately 2,500 former
Visteon employees. Not included in these employment data are approximately 5,000 Visteon salaried workers leased to ACH. See
Management's Discussion and Analysis of Financial Condition and Results of Operations – Overview and Notes 4 and 23 of the Notes
to the Financial Statements for additional discussion relating to the Visteon transaction and ACH.