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.