1

APPENDIX B
SAMPLE FINANCIAL STATEMENTS

We have annotated these audited financial statements to show how the various elements
interrelate. For instance, (a) is the year-end balance of cash and equivalents; this annotation is found
on both the balance sheet and the statement of cash flows.
● Net income or loss from the statement of income is reported and accumulated in the retained
earnings account, a component of the equity section of the statement of financial position.
● The components of cash and equivalents from the statement of financial position are
reconciled with the corresponding items in the statement of cash flows.
● Items of equity from the statement of financial position are reconciled with the beginning
balances on the statement of changes in equity.
● Ending inventories are reported in current assets on the statement of financial position and
are reflected in the calculation of cost of goods sold on the statement of income.
● Amortization and depreciation reported in the statement of income also are reflected in asset
and liability balances in the statement of financial position.

MAVERICK MOTOR COMPANY AND SUBSIDIARIES

CONSOLIDATED INCOME STATEMENT
(in millions, except per share amounts)
For the years ended December 31,
20Y0 20X9 20X8
Revenues
Automotive $126,567 $128,168 $119,280
Financial Services 7,685 8,096 9,674
Total revenues 134,252 136,264 128,954
Costs and expenses
Automotive cost of sales 112,578 113,345 104,451
Selling, administrative and other expenses 12,182 11,578 11,909
Financial Services interest expense 3,115 3,614 4,345
Financial Services provision for credit and insurance losses 86 (33) (216)
Total costs and expenses 127,961 128,504 120,489
Automotive interest expense 713 817 1,807
Automotive interest income and other non-operating income/(expense), net 1,185 825 (362)
Financial Services other income/(loss), net 369 413 315
Equity in net income/(loss) of affiliated companies 588 500 538
Income before income taxes 7,720 8,681 7,149
Provision for/(Benefit from) income taxes 2,056 (11,541) 592
Net income 5,664 (a) 20,222 (b) 6,557 (c)
Minus: Income/(Loss) attributable to noncontrolling interests (1) 9 (4)
Net income/(loss) attributable to Maverick Motor Company $ 5,665 $ 20,213 $ 6,561

AMOUNTS PER SHARE ATTRIBUTABLE TO MAVERICK MOTOR COMPANY COMMON AND CLASS B STOCK

Basic income $ 1.48 $ 5.33 $ 1.90

Diluted income $ 1.42 $ 4.94 $ 1.66
Cash dividends declared $ 0.15 $ 0.05 $ –

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2 Appendix B: Sample Financial Statements

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(in millions)
For the years ended December 31,
20Y0 20X9 20X8
Net income $ 5,664 $ 20,222 $ 6,557
Other comprehensive income/(loss), net of tax
Foreign currency translation 142 (720) (2,234)
Derivative instruments 6 (152) (24)
Pension and other postretirement benefits (4,268) (3,553) (1,190)
Net holding gain/(loss) – 2 (2)
Total other comprehensive income/(loss), net of tax (4,120) (d) (4,423) (e) (3,450) (f)
Comprehensive income 1,544 15,799 3,107
Minus: Comprehensive income/(loss) attributable to noncontrolling interests (1) 9 (4)
Comprehensive income attributable to Maverick Motor Company $ 1,545 $ 15,790 $ 3,111

MAVERICK MOTOR COMPANY AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEET
(in millions)
December 31, December 31,
20Y0 20X9
ASSETS
Cash and cash equivalents $ 15,659 (g) $ 17,148 (h)
Marketable securities 20,284 18,618
Finance receivables, net 71,510 69,976
Other receivables, net 10,828 8,565
Net investment in operating leases 16,451 12,838
Inventories 7,362 5,901
Equity in net assets of affiliated companies 3,246 2,936
Net property 24,942 22,371
Deferred income taxes 15,185 15,125
Net intangible assets 87 100
Other assets 5,000 4,770
Total assets $190,554 $178,348

LIABILITIES
Payables $ 19,308 $ 17,724
Accrued liabilities and deferred revenue 49,407 45,369
Debt 105,058 99,488
Deferred income taxes 470 696
Total liabilities $174,243 $163,277
Redeemable noncontrolling interest 322 –
EQUITY
Capital stock
Common Stock, par value $0.01 per share (3,745 million shares issued) $ 39 (i) $ 37 (j)
Class B Stock, par value $0.01 per share (71 million shares issued) 1 (i) 1 (j)
Capital in excess of par value of stock 20,976 (k) 20,905 (l)
Retained earnings 18,077 (m) 12,985 (n)
Accumulated other comprehensive income/(loss) (22,854) (o) (18,734) (p)
Treasury stock (292) (q) (166) (r)
Total equity attributable to Maverick Motor Company $ 15,947 (s) $ 15,028 (t)
Equity attributable to noncontrolling interests 42 43
Total equity $ 15,989 $ 15,071
Total liabilities and equity $190,554 $178,348

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 Appendix B: Sample Financial Statements 3

MAVERICK MOTOR COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(in millions)
For the years ended December 31,
20Y0 20X9 20X8
Cash flows from operating activities of continuing operations
Net cash provided by/(used in) operating activities $ 9,045 $ 9,784 $ 11,477
Cash flows from investing activities of continuing operations
Capital expenditures (5,488) (4,293) (4,092)
Acquisitions of retail and other finance receivables and operating leases (39,208) (35,866) (28,873)
Collections of retail and other finance receivables and operating leases 32,333 33,964 37,757
Purchases of securities (95,135) (68,723) (100,150)
Sales and maturities of securities 93,749 70,795 101,077
Cash change due to initial consolidation of businesses 191 – 94
Proceeds from sale of business 66 333 1,318
Settlements of derivatives (737) 353 (37)
Elimination of cash balances upon disposition of
discontinued/held-for-sale operations – (69) (456)
Other (61) 465 270
Net cash provided by/(used in)investing activities (14,290) (3,041) 6,908
Cash flows from financing activities of continuing operations
Cash dividends (763) – –
Purchases of Common Stock (125) – –
Sales of Common Stock – – 1,339
Changes in short-term debt 1,208 2,841 (1,754)
Proceeds from issuance of other debt 32,436 35,921 30,821
Principle payments on other debt (29,210) (43,095) (47,625)
Payments on notes/transfer of cash equivalents to the
UAW Voluntary Employee Benefit Association (“VEBA”) Trust – – (7,302)
Other 159 92 100
Net cash provided by/(used in) financing activities 3,705 (4,241) (24,421)
Effect of exchange rate changes on cash and cash equivalents 51 (159) (53)
Net increase/(decrease) in cash and cash equivalents $ (1,489) $ 2,343 $ (6,089)

Cash and cash equivalents at January 1 $ 17,148 $ 14,805 $ 20,894

Net increase/(decrease) in cash and cash equivalents (1,489) 2,343 (6,089)
Cash and cash equivalents at December 31 $ 15,659 (g) $ 17,148 (h) $ 14,805

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4 Appendix B: Sample Financial Statements

MAVERICK MOTOR COMPANY AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF EQUITY
(in millions)
Equity/(Deficit) Attributable to Maverick Motor Company

Equity/
(Deficit)
Cap. in Retained Accumulated Attributable
Excess of Earnings/ Other to Non- Total
Capital Par Value (Accumulated Comprehensive Treasury controlling Equity/
Stock of Stock Deficit) Income/(Loss) Stock Total Interests (Deficit)
Balance at December 31, 20X7 $34 $16,786 $(13,599) $(10,864) $(177) $ (7,820) $38 $(7,782)
Net income – – 6,561 – – 6,561 (4) 6,557 (c)
Other comprehensive income/(loss),
net of tax – – – (3,449) – (3,449) (1) (3,450) (f)
Common stock issued (including share-
based compensation impacts) 4 4,017 – – – 4,021 – 4,021
Treasury stock/other – – – – 14 14 – 14
Cash dividends declared – – – – – – (2) (2)
Balance at December 31, 20X8 $38 $20,803 $ (7,038) $(14,313) $(163) $ (673) $31 $ (642)
Balance at December 31, 20X8 $38 $20,803 $ (7,038) $(14,313) $(163) $ (673) $31 $ (642)
Net income – – 20,213 – – 20,213 9 20,222 (b)
Other comprehensive income/(loss),
net of tax – – – (4,421) – (4,421) (2) (4,423) (e)
Common stock issued (including share-
based compensation impacts) – 102 – – – 102 – 102
Treasury stock/other – – – – (3) (3) 5 2
Cash dividends declared – – (190) – – (190) – (190)
Balance at December 31, 20X9 $38 (j) $20,905 (l) $ 12,985 (n) $(18,734) (p) $(166) (r) $15,028 (t) $43 $15,071
Balance at December 31, 20X9 $38 $20,905 $12,985 $(18,734) $(166) $15,028 $43 $15,071
Net income – – 5,665 – – 5,665 (1) 5,664 (a)
Other compensation income/(loss),
net of tax – – – (4,120) – (4,120) – (4,120) (d)
Common stock issued (including share-
based compensation impacts) 2 71 – – – 73 – 73
Treasury stock/other – – – – (126) (126) – (126)
Cash dividends declared – – (573) – – (573) – (573)
Balance at December 31, 20Y0 $40 (i) $20,976 (k) $ 18,077 (m) $(22,854) (o) $(292) (q) $15,947 (s) $42 $15,989

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