8-KEarnings & ResultsExhibits & Filings

FORD MOTOR CO 8-K Report, Financial Results (Jan 28, 2010)

Filed January 28, 2010For Securities:FF-PCF-PDF-PB

Summary

Ford Motor Company filed this 8-K on January 27, 2010, to announce upcoming conference calls discussing preliminary fourth quarter and full year 2009 financial results, as well as the 2010 outlook. The company highlighted that these discussions would include a presentation of financial metrics excluding special items, such as those related to restructuring and alignment of production capacity. Ford emphasized that these non-GAAP measures offer investors a clearer view of ongoing operating performance. Additionally, the filing mentioned the discussion of key cash metrics, including Automotive operating-related cash flow and Automotive gross cash, which the company believes better represent the operational cash-generating ability of its automotive segment.

Key Highlights

  • 1Ford Motor Company scheduled conference calls for January 28, 2010, to present preliminary Q4 and full-year 2009 financial results and a 2010 outlook.
  • 2The company will present financial results both including and excluding special items, noting the latter provides a view of ongoing operating activities.
  • 3Non-GAAP financial measures, such as revenue and profits excluding special items, will be used, with explanations provided for their utility to investors.
  • 4Key cash metrics for the Automotive segment, including Automotive operating-related cash flow and Automotive gross cash, will be discussed.
  • 5Ford aims to provide investors with a clearer understanding of operational performance by excluding items not indicative of ongoing business.
  • 6Presentations will be hosted by senior management, including the CEO and CFO, and segmented for investment community and fixed income analysts.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Ford Motor Company's upcoming conference calls where they will discuss their preliminary fourth quarter and full year 2009 financial results and provide an outlook for 2010. It also serves to incorporate by reference the news release associated with these results.

Ford will discuss both GAAP (Generally Accepted Accounting Principles) financial metrics and non-GAAP metrics. Specifically, they will present revenue and profits excluding special items, as well as key cash metrics like Automotive operating-related cash flow and Automotive gross cash. The company believes these non-GAAP measures offer a more relevant view of ongoing operational performance.

Ford is providing financial information excluding special items because they believe these measures are useful for investors. These excluded items often relate to efforts to match production capacity to market demand, cost structure adjustments, or other activities not considered indicative of earnings from ongoing operating activities. This allows for a clearer view of the company's core business performance.

Detailed financial results and the 2010 outlook will be presented during two conference calls scheduled for January 28, 2010. Presentation materials and a listen-only webcast will be available on www.shareholder.ford.com. Replays of the calls will also be made available on the website and via phone for a limited period.