Ford Final Project_Exam - #7011 FORD MOTOR COMPANY...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
#7011 F ORD  M OTOR  C OMPANY F INANCIAL  S TATEMENT  A NALYSIS
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2
Background image of page 2
Horizontal Analysis FORD MOTOR CO Comparative Balance Sheet December 31, 2006 and 2005 Change in Change in In millions, except per share amounts 12/31/2006 12/31/2005 Dollars Percent ASSETS Current Assets: Cash and cash equivalents $28,894 $28,410 $484 1.70% Marketable securities 21,472 10,672 10,800 101.20% Loaned securities 5,256 3,461 1,795 51.86% Finance receivables, net 106,863 105,975 888 0.84% Other receivables, net 7,782 8,536 (754) -8.83% Net investment in operating leases 29,834 27,099 2,735 10.09% Retained interest in sold receivables 990 1,420 (430) -30.28% Inventories 11,578 10,271 1,307 12.73% Total Current Assets 212,669 195,844 16,825 8.59% Long-Term Assets: 38,505 40,677 (2,172) -5.34% Equity in net assets of affiliated companies 2,787 2,579 208 8.07% Deferred income taxes 4,950 5,880 (930) -15.82% Goodwill and other intangible assets 6,937 5,945 992 16.69% Other assets 12,706 18,534 (5,828) -31.44% Total Assets $278,554 $269,459 $9,095 3.38% LIABILITIES AND SHAREHOLDERS EQUITY Current Liabilities: Long-term debt due in one year $35,576 $27,544 $8,032 29.16% Notes payable 26,880 32,571 (5,691) -17.47% Accounts payable 18,656 18,688 (32) -0.17% Accrued expenses 24,287 23,132 1,155 4.99% Other current liabilities 9,601 9,919 (318) -3.21% Total Current Liabilities 115,000 111,854 3,146 2.81% Long-Term Liabilities: Long-term debt 109,593 93,163 16,430 17.64% Deferred taxes 2,744 5,660 (2,916) -51.52% Minority interest 1,159 1,122 37 3.30% Other liabilities 53,523 44,218 9,305 21.04% Total Liabilities $282,019 $256,017 $26,002 10.16% Shareholders Equity: Common Stock, par value $0.01 per share (1,837 million shares issued; 6,000 million shares authorized) 18 18 Class B Stock, par value $0.01 per share (71 million shares issued; 530 million shares authorized) 1 1 Capital in excess of par value of stock 4,562 4,872 (310) -6.36% Accumulated other comprehensive income/(loss) (7,846) (3,680) (4,166) 113.21% Treasury stock (183) (833) 650 -78.03% Earnings retained for use in business (17) 13,064 (13,081) -100.13% Total Shareholders Equity $(3,465) $13,442 $(16,907) -125.78% Total Liabilities and Shareholders Equity $278,554 $269,459 $9,095 3.38% 3
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
FORD MOTOR CO Comparative Income Statement For the Years Ended December 31, 2006 and 2005 Change in Change in In millions, except per share amounts 12/31/2006 12/31/2005 Dollars Percent Sales and revenues Automotive sales 143,307 153,474 (10,167) -6.62% Financial services revenues 16,816 23,422 (6,606) -28.20% Total sales and revenues $160,123 $176,896 (16,773) -9.48% Cost of goods sold 137,645 136,712 933 0.68% Gross profit 22,478 40,184 (17,706) -44.06% Selling, administrative and other expenses 14,126 19,251 (5,125) -26.62% Operating income before depreciation 8,352 20,933 (12,581) -60.10% 16,519 14,066 2,453 17.44% Operating profit (8,167) 6,867 (15,034) -218.93% Interest expense
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

This test prep was uploaded on 02/01/2009 for the course AEM 323 taught by Professor As during the Spring '09 term at Cornell University (Engineering School).

Page1 / 18

Ford Final Project_Exam - #7011 FORD MOTOR COMPANY...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online