Summary
This 8-K filing from Ford Motor Company (F), dated July 23, 2010, announces the company's intention to discuss preliminary second-quarter 2010 financial results via conference calls. The filing itself doesn't contain the specific financial figures but references a news release (Exhibit 99) that provides these details. Ford emphasizes that the news release will present financial measures both on a U.S. GAAP basis and on an 'adjusted' or 'excluding special items' basis, arguing that the adjusted figures offer a clearer view of ongoing operational performance by excluding items related to capacity adjustments and other non-indicative earnings factors.
Key Highlights
- 1Ford Motor Company announced preliminary Q2 2010 financial results would be discussed on July 23, 2010.
- 2Two conference calls were scheduled: one for the investment community and news media, and another for fixed income analysts and investors.
- 3The filing incorporates by reference a news release (Exhibit 99) containing detailed financial information.
- 4Ford will present financial results both under U.S. GAAP and on an 'adjusted' basis, excluding special items.
- 5The company believes adjusted financial measures are useful for investors to assess ongoing operational performance.
- 6Key cash metrics, including 'Automotive operating-related cash flow' and 'Automotive gross cash', will be discussed.
- 7Webcasts and presentation materials were available online, with replays offered for a limited time.