Summary
Ford Motor Company filed an 8-K on October 26, 2011, to announce its preliminary third quarter 2011 financial results and provide details on upcoming conference calls for investors and fixed income analysts. The report incorporates a news release (Exhibit 99) that will offer a deeper dive into these preliminary results. Investors should note that Ford will be presenting financial information both on a U.S. GAAP basis and on a non-GAAP basis, excluding "special items" or with other adjustments. The company believes these adjusted figures are useful for evaluating ongoing operational performance, particularly in relation to efforts to align production with market demand. Key financial metrics to be discussed will include "Automotive operating-related cash flow" and "Automotive gross cash." Ford emphasizes that "Automotive operating-related cash flow" is considered a better representation of the Automotive segment's ability to generate cash, as it includes operating-related expenditures like capital spending. The most comparable U.S. GAAP measures for these metrics are also provided for investor reference. The company will host two separate conference calls to discuss these preliminary results in detail.
Key Highlights
- 1Ford Motor Company filed an 8-K on October 26, 2011, to report preliminary Q3 2011 financial results.
- 2The filing incorporates a news release (Exhibit 99) with detailed financial information.
- 3Two conference calls are scheduled for October 26, 2011, to discuss results with the investment community and fixed income analysts.
- 4Ford will present financial data on both U.S. GAAP and non-GAAP (excluding special items/adjusted) bases.
- 5The company highlights the usefulness of adjusted measures for evaluating ongoing operations.
- 6Key cash metrics to be discussed include 'Automotive operating-related cash flow' and 'Automotive gross cash'.
- 7Details on accessing conference calls, webcasts, and replay information are provided.