Summary
Ford Motor Company's (F) Form 8-K filed on October 27, 2015, primarily serves to announce and furnish the company's third quarter 2015 financial results, detailed in a news release dated October 27, 2015, which is attached as Exhibit 99. The filing indicates that Ford will hold two conference calls on the same day to discuss these results, one for the overall company performance and another specifically for Ford Motor Credit Company. Investors are provided with dial-in information and passcodes for live access and replays.
Key Highlights
- 1Ford announced its third quarter 2015 financial results via a news release furnished as an exhibit to this 8-K filing.
- 2The company scheduled two conference calls for October 27, 2015, to discuss Q3 2015 results: one for corporate performance and one for Ford Motor Credit Company.
- 3Dial-in information and passcodes for both live conference calls and replays are provided for investor access.
- 4Ford utilizes and discusses financial measures 'excluding special items' and with other adjustments, believing these provide useful insights for investors.
- 5The company explains its rationale for presenting adjusted financial metrics, which exclude items related to capacity adjustments and other non-indicative earnings activities.
- 6Key cash metrics, including Automotive operating-related cash flow and Automotive gross cash, are also highlighted, with explanations of their utility to investors.
- 7Ford emphasizes the importance of comparing its adjusted metrics to the most directly comparable GAAP measures provided in its financial statements.
Frequently Asked Questions
The main purpose of this 8-K filing is to publicly announce and furnish Ford Motor Company's third quarter 2015 financial results, which are detailed in a separate news release (Exhibit 99).
Investors can access the results and discussion through two conference calls scheduled for October 27, 2015. Specific dial-in numbers and passcodes are provided for the calls discussing Ford's overall performance and Ford Motor Credit Company's results. Replays will also be available.
Ford presents financial measures 'excluding special items' and with other adjustments because they believe these non-GAAP measures are useful to investors. They allow for an evaluation of the company's results that excludes items related to adjustments in production capacity, cost structure, and other items not considered indicative of ongoing operating activities.
Ford highlights key cash metrics such as Automotive operating-related cash flow and Automotive gross cash. They believe these metrics provide a better representation of the Automotive segment's ability to generate cash and its overall liquidity position, respectively.