Summary
Ameriprise Financial, Inc. filed an 8-K report on February 3, 2010, to announce its financial results for the fourth quarter of 2009. The filing primarily serves to incorporate by reference the press release and a statistical supplement detailing these results. Investors should note that the company provides both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures. The non-GAAP measures are adjusted to exclude items such as after-tax market-related impacts and integration charges, which management believes offer a clearer view of the underlying operational performance and facilitate trend analysis. These adjusted metrics are also used for internal goal setting and compensation purposes.
Key Highlights
- 1Ameriprise Financial announced its Q4 2009 financial results via an 8-K filing on February 3, 2010.
- 2The filing incorporates by reference a press release (Exhibit 99.1) and a Statistical Supplement (Exhibit 99.2) for the period ending December 31, 2009.
- 3The company reports financial results under U.S. Generally Accepted Accounting Principles (GAAP).
- 4Ameriprise also presents non-GAAP adjusted financial measures, excluding items like after-tax market-related impacts and integration charges.
- 5Management views these non-GAAP measures as key indicators of underlying financial performance and for trend analysis.
- 6Non-GAAP measures are used for goal setting and compensation programs.
- 7The company provides debt-to-capital ratios that exclude non-recourse debt related to certain investments and includes an equity credit for junior subordinated notes.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally announce Ameriprise Financial's fourth quarter and full-year 2009 financial results, incorporating by reference the company's press release and statistical supplement that contain the detailed financial information.
Ameriprise Financial provides financial information based on both U.S. Generally Accepted Accounting Principles (GAAP) and a set of non-GAAP adjusted measures. The non-GAAP measures exclude specific items like after-tax market-related impacts and integration charges, which management believes better reflect the underlying operational performance.
The company uses non-GAAP financial measures because management believes they provide a more meaningful representation of the underlying operational performance and facilitate trend analysis. These measures are also used for internal purposes such as goal setting, compensation programs, and performance evaluation against industry analysts.
Yes, the filing mentions that Ameriprise presents debt-to-capital ratios. These ratios are presented in a way that excludes non-recourse debt from certain investments managed by their subsidiaries and also includes an equity credit for their junior subordinated notes, which is recognized by major rating agencies.