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Exhibit B - Adjusted September 30th, 2008 Ford Motor Co Balance SheetFord Motor Co. (DE)
Adjusted from As Reported Quarterly Balance Sheet9/30/20083rd Quarter CurrencyUSDAuditor StatusUnauditedConsolidatedNoScaleThousands173,900,00017,694,000 10.175%Marketable securities 16,907,000 9.722%Loaned securities - 0.000%Finance receivables, net 100,883,000 58.012%Other receivables, net 7,529,000 4.329%Net investment in operating leases 29,179,000 16.779%Retained interest in sold receivables 154,000 0.089%Raw materials, work-in-process & supplies 4,367,000 2.511%Finished products 8,722,000 5.016%Total inventories under first-in, first-out method 13,089,000 7.527%Less: last-in, first-out method adjustment 1,041,000 0.599%
Inventories
12,048,000 6.928%Equity in net assets of affiliated companies 3,065,000 1.763%Net property 30,253,000 17.397%Deferred income taxes 3,032,000 1.744%Goodwill & other intangible assets 1,805,000 1.038%Asset of discontinued/held-for-sale operations - 0.000%Other assets 12,316,000 7.082%
Total assets
234,865,000135.058%Payables20,358,00011.707%Accrued liabilities & deferred revenue62,931,00036.188%Debt156,793,00090.163%Deferred income taxes2,514,0001.446%Liabilities of discontinued/held-for-sale operations - 0.000%
Total liabilities
244,054,000140.342%Minority interests1,458,0000.838%Common stock23,0000.013%Class B stock1,0000.001%Capital in excess of par value of stock8,910,0005.124%Accumulated other comprehensive income (loss)-571,000-0.328%Treasury stock183,0000.105%-16,044,000-9.226%
Total stockholders' equity (deficit)
-7,864,000-4.522%
Data downloaded from Mergent.
Exhibit A - Ford Motor Co 2009 Projected Balance Sheet
Total Sales & Revenues
1
Cash & cash equivalents
2
Retained earnings (accumulated deficit)
3
1
Total Sales & Revenues figure taken from Ford Motor Co, 8-K, January 29th, 2009 filing
2
Cash was revised down $7.2 billion from the negative operating cash flow reported January 29th, 2009 8-K
3
Retained earnings was revised down $5.875 billion from the loss reported in the January 29th, 2009 8-K
Ford Motor Co. (DE)
Projected for12/31/20094th Quarter CurrencyUSDAuditor StatusUnauditedConsolidatedNoScaleThousandsTotal Sales & Revenues 109,060,000Cash & cash equivalents 11,096,651 10.175%Marketable securities 10,603,090 9.722%Loaned securities - 0.000%Finance receivables, net 100,883,000 92.502%Other receivables, net 7,529,000 6.904%Net investment in operating leases 29,179,000 26.755%Retained interest in sold receivables 96,580 0.089%Raw materials, work-in-process & supplies 2,738,729 2.511%Finished products 5,469,933 5.016%Total inventories under first-in, first-out method 8,208,662 7.527%Less: last-in, first-out method adjustment 652,855 0.599%
Inventories
7,555,807 6.928%Equity in net assets of affiliated companies 3,065,000 2.810%Net property 30,253,000 27.740%Deferred income taxes 3,032,000 2.780%Goodwill & other intangible assets 1,805,000 1.655%Asset of discontinued/held-for-sale operations - 0.000%Other assets 12,316,000 11.293%
Total assets
217,414,129199.353%Payables 12,767,358 11.707%Accrued liabilities & deferred revenue* 60,188,786 55.189%Debt* 125,029,542 114.643%Deferred income taxes 1,576,635 1.446%Liabilities of discontinued/held-for-sale operations - 0.000%
Total liabilities
199,562,321182.984%Minority interests1,458,0000.838%Common stock23,0000.021%Class B stock1,0000.001%Capital in excess of par value of stock8,910,0008.170%Accumulated other comprehensive income (loss)-571,000-0.524%Treasury stock183,0000.168%-16,355,640-14.997%
Total stockholders' equity (deficit)
-8,175,640-7.496%Total Liabilities and Equity192,844,681
External Financing Needed-24,569,448
Total Sales and Revenues as well as Retained Earnings were estimated using 2009 average analyst estimates taken from Yahoo! Finance*Estimated values using Ford Motor Co's 2007 10-K
Exhibit D - Analysis of FY07 Liabilities
Retained earnings (accumulated deficit)
4
Ford Motor Co. (DE)
As Reported Annual Balance Sheet12/31/2007CurrencyUSDAuditor StatusNot QualifiedConsolidatedNoScaleThousandsTotal Sales & Revenues172,455,000
Payables
20,832,000 12.08%
Accrued dealer & customer allowances & claims
13,604,000 7.89%
Deferred revenue
4,093,000 2.37%Accrued employee benefit plans 2,892,000 1.68%Accrued other postretirement employee benefits 457,000 0.26%
Accrued interest
514,000 0.30%Accrued pension 439,000 0.25%
Other accrued expenses
5,673,000 3.29%Non-current other postretirement employee benefits 23,760,000 13.78%Non-current pension 6,678,000 3.87%Non-current accrued dealer & customer allowances & claims 7,149,000 4.15%Non-current accrued employee benefit plans 934,000 0.54%Non-current deferred revenue 1,989,000 1.15%Other non-current accrued liabilities 1,166,000 0.68%Financial services sector accrued liabilities & deferred revenue 5,390,000 3.13%
Accrued liabilities & deferred revenue
74,738,000 43.34%
Short-term debt
399,000 0.23%
Commercial paper
14,044,000 8.14%
Other short-term debt
7,903,000 4.58%
Ford interest advantage
5,408,000 3.14%
Total short-term debt
27,754,000 16.09%Asset-backed notes payable within one year 20,121,000 11.67%Senior indebtedness payable within one year 13,177,000 7.64%Senior indebtedness payable after one year 51,623,000 29.93%Unsecured notes & bank debt 22,902,000 13.28%Unamortized discount on senior indebtedness (244,000)-0.14%Subordinated indebtedness 3,028,000 1.76%Asset-backed notes payable after one year 30,169,000 17.49%
Total long-term debt
140,255,000 81.33%
Debt
168,530,000 97.72%Deferred income taxes 3,034,000 1.76%Liabilities of discontinued/held-for-sale operations 5,081,000 2.95%Total liabilities 272,215,000 157.85%
Exhibit C - Working Capital Will Increase in 2009
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