8-KEarnings & ResultsExhibits & Filings

FORD MOTOR CO 8-K Report, Financial Results (Jan 29, 2013)

Filed January 29, 2013For Securities:FF-PCF-PDF-PB

Summary

Ford Motor Company filed an 8-K report on January 29, 2013, to announce its preliminary fourth quarter and full year 2012 financial results. The report references a news release (Exhibit 99) that details these results and provides context for their presentation. Ford is holding two conference calls on the same day to discuss these preliminary findings with the investment community, news media, and fixed income analysts. The company explicitly notes that the financial measures discussed in Exhibit 99 will be presented "excluding special items" and with other adjustments. Ford believes these adjusted measures are useful for investors as they allow for an evaluation of results that exclude items related to capacity/cost adjustments and other factors not indicative of ongoing operations. The report also highlights key cash metrics, including Automotive operating-related cash flow and Automotive gross cash, with explanations on why these non-GAAP measures are considered informative by the company.

Key Highlights

  • 1Ford announced preliminary Q4 and full-year 2012 financial results via an 8-K filing on January 29, 2013.
  • 2The company is hosting two conference calls on January 29, 2013, to discuss these results with investors and analysts.
  • 3Financial results will be presented using non-GAAP measures, excluding special items and other adjustments, which Ford believes provide a clearer view of ongoing operations.
  • 4Key adjusted financial metrics to be discussed include Automotive operating-related cash flow and Automotive gross cash.
  • 5Ford is providing detailed information on how to access conference calls, webcasts, and replays for interested parties.
  • 6The report emphasizes the company's rationale for using adjusted financial metrics, focusing on comparability and the exclusion of specific business adjustments.

Frequently Asked Questions

Ford is releasing preliminary results on January 29, 2013, through an 8-K filing and accompanying news release. The official, detailed financial statements would typically follow in a subsequent 10-Q or 10-K filing after a full review and audit.

Ford believes that presenting financial results excluding special items and other adjustments helps investors better evaluate the company's core, ongoing operational performance by removing the impact of specific events or strategic adjustments that may not be indicative of regular business activity.

The detailed preliminary results are available in the news release filed as Exhibit 99 to the 8-K report. Presentation materials and a listen-only webcast for the conference calls are accessible on Ford's investor relations website at www.shareholder.ford.com.

Automotive operating-related cash flow is presented by Ford as a metric that best represents the cash-generating ability of its Automotive operations, including capital spending. Automotive gross cash includes cash and cash equivalents and net marketable securities. Ford views these as useful non-GAAP measures for investors to assess the company's financial health.