8-KOther EventsExhibits & Filings

FORD MOTOR CO 8-K Report, Corporate Update (Jun 21, 2005)

Filed June 21, 2005For Securities:FF-PCF-PDF-PB

Summary

This Form 8-K filing from Ford Motor Company, dated June 21, 2005, primarily incorporates by reference a press release issued on the same date. This press release provides updated second-quarter and full-year earnings guidance for the company. Investors should note that Ford intends to present earnings per share (EPS) guidance on a basis that excludes special items and discontinued operations. The company justifies this non-GAAP reporting by stating that the EPS measure excluding these items is considered more indicative of ongoing operational performance and thus more relevant to investors. This approach allows for a clearer view of the core business's profitability by isolating the impact of non-recurring or unusual events. Investors are advised to also consider the most directly comparable GAAP measure, which includes special items and discontinued operations, for a complete financial picture.

Key Highlights

  • 1Ford Motor Company filed an 8-K on June 21, 2005, to report on other events.
  • 2The key event reported is the issuance of a press release on June 21, 2005, containing updated earnings guidance.
  • 3The guidance covers both the second quarter and the full fiscal year.
  • 4Ford will be reporting earnings per share (EPS) on a basis that excludes special items and discontinued operations.
  • 5The company believes this non-GAAP EPS measure is more useful for investors in understanding ongoing operations.
  • 6The press release (Exhibit 99) is incorporated by reference into the 8-K filing.
  • 7Investors are encouraged to compare the non-GAAP EPS with the GAAP EPS that includes special items and discontinued operations.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors about Ford Motor Company's updated second-quarter and full-year earnings guidance, which was released in a press release on the same day.

Ford will report its EPS guidance on a basis that excludes special items and discontinued operations. This is a non-GAAP measure.

Ford believes that excluding special items and discontinued operations provides a more relevant measure of its ongoing operational performance, helping investors better assess the results of its core business activities.

The detailed earnings guidance is contained in the press release dated June 21, 2005, which is included as Exhibit 99 to this 8-K filing. Investors should also refer to the most directly comparable GAAP financial measures for a comprehensive view.