8-KEarnings & ResultsExhibits & Filings

FORD MOTOR CO 8-K Report, Financial Results (Jul 28, 2015)

Filed July 28, 2015For Securities:FF-PCF-PDF-PB

Summary

This 8-K filing by Ford Motor Company (F) announces the company's second quarter 2015 financial results, which are detailed in a news release furnished as an exhibit. The filing indicates that Ford will host two conference calls on July 28, 2015, to discuss these results. The first call, led by senior management including the CEO and CFO, will cover overall company performance, while a second call will focus specifically on the results of Ford Motor Credit Company. The company also highlights its practice of presenting financial measures both on a GAAP basis and on an adjusted basis, excluding "special items" or with other adjustments. Ford believes these adjusted measures provide a clearer view of ongoing operational performance by excluding items related to capacity adjustments and non-indicative earnings drivers.

Key Highlights

  • 1Ford Motor Company is announcing its Q2 2015 financial results via an 8-K filing, with detailed information provided in an accompanying news release.
  • 2Two conference calls are scheduled for July 28, 2015, to discuss Q2 2015 financial results: one for overall company performance and another for Ford Motor Credit Company.
  • 3Ford emphasizes the use of adjusted financial measures, excluding 'special items' and other adjustments, to offer investors a view of ongoing operational performance.
  • 4The company believes these adjusted measures help in evaluating results by excluding items related to production capacity and cost structure adjustments.
  • 5Key cash metrics, including Automotive operating-related cash flow, Automotive gross cash, and net interest, will be discussed, with Ford explaining their relevance to operational cash generation.
  • 6Supporting materials and presentations for the conference calls will be made available on Ford's shareholder website.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Ford Motor Company's second quarter 2015 financial results and to provide details on how investors can access and discuss these results through conference calls and related materials.

Ford presents financial results on an adjusted basis, excluding 'special items' and other adjustments, because they believe these measures offer a more useful view to investors for evaluating the company's ongoing operational performance. These adjustments help exclude items related to strategic capacity adjustments and other factors not considered indicative of core earnings.

The detailed Q2 2015 financial results are provided in a news release dated July 28, 2015, which is furnished as Exhibit 99 to this 8-K filing. The company will also present these results during two conference calls on July 28, 2015, with supporting materials available on www.shareholder.ford.com.

Ford highlights key cash metrics such as Automotive operating-related cash flow, which they believe best represents their Automotive operations' ability to generate cash. They also discuss Automotive gross cash and net interest, explaining the relevance of these metrics to investors in understanding the company's financial health and operational cash generation.