5 7 CONSOLIDATED BALANCE SHEET December 31, December 31, 2004 2003 ASSETS Cash and cash equivalents $ 23,511 $  23,208 Marketable securities 9,507 10,439 Loaned securities 1,058 5,667 Finance receivables, net 110,749 106,850 Other receivables, net 5,971 5,851 Net investment in operating leases 31,763 31,859 Retained interest in sold receivables 9,166 12,569 Inventories 10,766 9,151 Equity in net assets of affiliated companies  2,835 2,959 Net property 44,551 43,506 Deferred income taxes 4,830 7,389 Goodwill and other intangible assets 7,271 7,000 Assets of discontinued/held-for-sale operations 2,366 2,220 Other assets 28,310 30,729 Total assets $ 292,654 $  299,397 LIABILITIES AND STOCKHOLDERS’ EQUITY Payables $ 21,489 $  20,407 Accrued liabilities 31,187 29,563 Debt 172,973 179,804 Other liabilities and deferred income 43,777 48,639 Deferred income taxes 6,171 8,439 Liabilities of discontinued/held-for-sale operations 135 235 Total liabilities 275,732 287,087 Minority interests 877 659 Stockholders’ equity Capital stock  Common Stock, par value $0.01 per share (1,837 million shares issued) 18 18 Class B Stock, par value $0.01 per share (71 million shares issued) 1 1 Capital in excess of par value of stock 5,321 5,374 Accumulated other comprehensive income/(loss) 1,258 (414) Treasury stock (1,728) (1,749) Earnings retained for use in business 11,175 8,421 Total stockholders’ equity 16,045 11,651 Total liabilities and stockholders’ equity $ 292,654 $  299,397 The accompanying notes are part of the financial statements. Ford Motor Company and Subsidiaries (in millions)