Summary
Ameriprise Financial, Inc. (AMP) filed an 8-K on April 26, 2010, to report its first quarter 2010 financial results, which were released via press release on the same day. The filing primarily serves to incorporate by reference the detailed financial results and a statistical supplement that provides a more in-depth look at the company's performance during the quarter ended March 31, 2010. Investors should note that the company presented its financial information on both a GAAP and a non-GAAP adjusted basis, with the latter excluding certain items like consolidating certain investment entities (CIE) and integration charges. This adjusted view is considered by management to provide a clearer picture of underlying operational performance and facilitate trend analysis. The non-GAAP measures highlighted are intended to offer a more comparable view to that used by securities analysts and are relevant for management's goal-setting and compensation. The company also provided adjusted measures for debt, capital, and shareholders' equity to better represent its capital structure. Investors reviewing this report should pay close attention to the accompanying press release and statistical supplement for specific financial figures and performance metrics.
Key Highlights
- 1Ameriprise Financial released its Q1 2010 financial results on April 26, 2010.
- 2The 8-K filing incorporates by reference the official Q1 2010 earnings press release (Exhibit 99.1).
- 3A Statistical Supplement for the quarterly period ended March 31, 2010, is also included as Exhibit 99.2.
- 4The company reported results on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted bases.
- 5Non-GAAP measures exclude the impact of consolidating certain investment entities (CIE) and integration charges.
- 6Management utilizes non-GAAP figures to assess underlying operational performance and for trend analysis.
- 7Adjusted debt, capital, and shareholders' equity measures are also presented to reflect the company's capital structure.