Ford 2005 Annual Report Download - page 98

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Notes to the Financial Statements
NOTE 25. GEOGRAPHIC INFORMATION (in millions)
2005 2004 2003
Net Sales
and
Revenues
Long
Lived
Assets
Net Sales
and
Revenues
Long
Lived
Assets
Net Sales
and
Revenues
Long
Lived
Assets
North America
United States ............................................................................................... $ 96,764 $ 37,830 $ 100,208 $ 35,354 $ 103,482 $ 38,017
Canada.......................................................................................................... 7,945 8,062 7,093 6,900 6,833 5,711
Mexico ......................................................................................................... 3,399 1,073 2,913 807 2,707 719
Total North America.................................................................................. 108,108 46,965 110,214 43,061 113,022 44,447
Europe
Germany....................................................................................................... 7,701 4,518 7,380 6,187 6,212 6,312
Sweden......................................................................................................... 4,412 3,399 4,059 3,715 3,360 3,326
United Kingdom........................................................................................... 15,287 6,537 14,189 9,075 12,312 7,858
Other............................................................................................................. 23,221 3,172 20,473 3,715 17,426 3,798
Total Europe .............................................................................................. 50,621 17,626 46,101 22,692 39,310 21,294
All Other ...................................................................................................... 18,360 3,215 15,331 3,124 11,999 2,816
Total........................................................................................................... $ 177,089 $ 67,806 $ 171,646 $ 68,877 $ 164,331 $ 68,557
NOTE 26. SUMMARY QUARTERLY FINANCIAL DATA (unaudited)
2005 2004
First Second Third Fourth First Second Third Fourth
Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter
(In millions, except per share amounts)
Automotive Sector
Sales........................................................................................... $ 39,332 $ 38,685 $ 34,675 $ 40,811 $ 38,800 $ 36,661 $ 32,797 $ 38,870
Operating income/(loss) ............................................................ 665 (1,104) (1,668) (2,102) 2,004 205 (716) (1,670)
Financial Services Sector
Revenues.................................................................................... 5,804 5,863 6,181 5,738 5,923 6,212 6,324 6,059
Income/(loss) before income taxes............................................ 1,076 1,297 1,222 2,296 1,043 1,528 1,391 1,046
Total Company
Income/(loss) before cumulative effects of changes in
accounting principles .................................................................. 1,212 946 (284) 401 1,952 1,165 266 104
Net income/(loss)....................................................................... 1,212 946 (284) 150 1,952 1,165 266 104
Common and Class B per share from income/(loss) before
cumulative effects of changes in accounting principles
Basic........................................................................................... $ 0.66 $ 0.51 $ (0.15) $ 0.21 $ 1.07 $ 0.64 $ 0.15 $ 0.06
Diluted ....................................................................................... 0.60 0.47 (0.15) 0.21 0.94 0.57 0.15 0.06
Certain amounts for prior periods were reclassified to conform with current period presentation. Reclassifications include the
presentation of discontinued operations.
NOTE 27. COMMITMENTS AND CONTINGENCIES
Lease Commitments
We lease land, buildings and equipment under agreements that expire in various years. Minimum rental commitments under
non-cancelable operating leases were as follows (in millions):
2006 2007 2008 2009 2010 Thereafter Total
Automotive Sector .............................................................................................................
.
$ 483 $ 411 $ 257 $ 202 $ 127 $ 278 $ 1,758
Financial Services Sector ...................................................................................................
.
113 98 86 63 50 106 516
Rental expense was $1.5 billion in 2005, $1.5 billion in 2004 and $1.4 billion in 2003.
Ford Motor Company Annual Report 2005 96 Ford Motor Company Annual Report 2005 97