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Notes to the Financial Statements
94 Ford Motor Company | 2011 Annual Report
NOTE 1. PRESENTATION (Continued)
Sector to Consolidated Cash Flow. We present certain cash flows from wholesale receivables, finance receivables
and the acquisition of intersector debt differently on our sector and consolidated statements of cash flows. The
reconciliation between totals for the sector and consolidated cash flows for the years ended December 31 was as follows
(in millions):
Automotive net cash (used in)/provided by operating activities
Financial Services net cash (used in)/provided by operating activities
Total sector net cash (used in)/provided by operating activities (Note 26)
Reclassifications from investing to operating cash flows:
Wholesale receivables (a)
Finance receivables (b)
Reclassifications from operating to financing cash flows:
Payments on notes to the UAW VEBA Trust (c)
Financial Services sector second quarter 2009 acquisition of Automotive sector debt (d)
Consolidated net cash (used in)/provided by operating activities
Automotive net cash (used in)/provided by investing activities
Financial Services net cash (used in)/provided by investing activities
Total sector net cash (used in)/provided by investing activities
Reclassifications from investing to operating cash flows:
Wholesale receivables (a)
Finance receivables (b)
Reclassifications from investing to financing cash flows:
Automotive sector acquisition of Financial Services sector debt (e)
Financial Services sector first quarter 2009 acquisition of Automotive sector debt (d)
Elimination of investing activity to/(from) Financial Services in consolidation
Consolidated net cash (used in)/provided by investing activities
Automotive net cash (used in)/provided by financing activities
Financial Services net cash (used in)/provided by financing activities
Total sector net cash (used in)/provided by financing activities
Reclassifications from investing to financing cash flows:
Automotive sector acquisition of Financial Services sector debt (e)
Financial Services sector first quarter 2009 acquisition of Automotive sector debt (d)
Reclassifications from operating to financing cash flows:
Financial Services sector second quarter 2009 acquisition of Automotive sector debt (d)
Payments on notes to the UAW VEBA Trust (c)
Elimination of investing activity to/(from) Financial Services in consolidation
Consolidated net cash (used in)/provided by financing activities
2011
$9,368
2,405
11,773
(2,010)
21
—
—
$9,784
$ (1,541)
(586)
(2,127)
2,010
(21)
—
—
(2,903)
$ (3,041)
$ (5,932)
(1,212)
(7,144)
—
—
—
—
2,903
$ (4,241)
2010
$6,363
3,798
10,161
(46)
62
1,300
—
$11,477
$577
9,256
9,833
46
(62)
(454)
—
(2,455)
$6,908
$ (10,476)
(15,554)
(26,030)
454
—
—
(1,300)
2,455
$ (24,421)
2009
$ 2,874
5,805
8,679
5,542
129
—
1,127
$ 15,477
$ (10,958)
22,078
11,120
(5,542)
(129)
155
1,091
(76)
$ 6,619
$ 11,551
(32,084)
(20,533)
(155)
(1,091)
(1,127)
—
76
$ (22,830)
__________
(a) In addition to the cash flow from vehicles sold by us, the cash flow from wholesale finance receivables (being reclassified from investing to
operating) includes financing by Ford Credit of used and non-Ford vehicles. 100% of cash flows from wholesale finance receivables have been
reclassified for consolidated presentation as the portion of these cash flows from used and non-Ford vehicles is impracticable to separate.
(b) Includes cash flows of finance receivables purchased/collected from certain divisions and subsidiaries of the Automotive sector.
(c) See "Notes Due to UAW VEBA Trust" in Note 18 for discussion of these transactions. Cash outflows related to this transaction are reported as
financing activities on the consolidated statement of cash flows and operating activities on the sector statement of cash flows.
(d) See the "Secured Term Loan" section of Note 18 for further discussion of these transactions. Cash outflows related to these transactions are
reported as financing activities on the consolidated statement of cash flows and either investing or operating activities on the sector statement of
cash flows.
(e) See "Automotive Acquisition of Financial Services Debt" in Note 18 for discussion of these transactions. Cash inflows related to these transactions
are reported as financing activities on the consolidated statement of cash flows and investing activities on the sector statement of cash flows.