Summary
This 8-K filing from Ford Motor Company (F), filed on April 28, 2016, announces the company's first-quarter 2016 financial results. The report primarily serves as a notification of the release of a press statement and the upcoming conference calls for both Ford Motor Company and Ford Motor Credit Company. Investors are directed to these calls and the accompanying presentation materials for detailed financial information and discussions regarding operational performance and financial condition. The filing also highlights Ford's practice of presenting certain financial measures 'excluding special items' or with other adjustments, which the company believes offer a clearer view of its underlying automotive business operations by excluding non-recurring items like pension remeasurements and costs associated with aligning production capacity with market demand. Additionally, it introduces key cash metrics such as 'Automotive operating-related cash flow,' which Ford considers a better indicator of its automotive operations' cash-generating ability, and 'net interest' for the automotive sector.
Key Highlights
- 1Ford Motor Company (F) filed an 8-K on April 28, 2016, to report on its 2016 first-quarter financial results.
- 2The company will host conference calls on April 28, 2016, to discuss results for both Ford Motor Company and Ford Motor Credit Company.
- 3Detailed financial results and analysis are available through a press release (Exhibit 99) and subsequent investor calls.
- 4Ford emphasizes its use of non-GAAP financial measures, excluding special items, to provide a clearer picture of underlying automotive business performance.
- 5Key adjusted metrics include exclusion of pension and OPEB remeasurement gains/losses, and items related to production capacity adjustments.
- 6Ford highlights 'Automotive operating-related cash flow' as a key metric for assessing its automotive operations' cash generation, distinct from GAAP measures.
- 7Information and replays of the presentations will be made available on Ford's shareholder website (www.shareholder.ford.com).