Filing Summary: Fresenius Medical Care AG & Co. KGaA
Business Context and Reporting Period
This Form 6-K was filed on February 22, 2017, by Fresenius Medical Care AG & Co. KGaA, a German partnership limited by shares. The filing serves to distribute an attached Investor News release containing financial results for the fourth quarter and full fiscal year 2016.
Key Financial Metrics
The filing text provided does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It explicitly states that the attached Investor News contains non-GAAP financial measures, specifically EBITDA (operating income excluding interest, taxes, depreciation, and amortization) and free cash flow, to supplement GAAP results. Reconciliations between these non-GAAP measures and GAAP measures are located in the attached Investor News and Cash Flow Statement, which are not included in the provided text.
Material Changes
The filing text does not provide specific data regarding material changes versus prior comparable periods. It notes that the inclusion of non-GAAP measures is intended to provide consistency and comparability with prior periods for which these measures were previously reported.
Guidance, Outlook, and Risks
The text indicates that the non-GAAP measures are provided to enhance understanding of the company's current financial performance and prospects for the future. However, no specific guidance, outlook figures, management commentary, risks, contingencies, or unusual items are detailed in the provided excerpt. The filing includes standard disclaimers that the attached exhibit is not deemed "filed" under Section 18 of the Exchange Act and should not be considered superior to GAAP measures.
Investor Verification Checklist
- Verify the specific Q4 and FY 2016 GAAP and non-GAAP financial figures in the attached Investor News release.
- Review the reconciliation of EBITDA and free cash flow to the most comparable GAAP measures.
- Confirm the details of the Cash Flow Statement referenced in the filing.
- Check for specific management commentary on future prospects and risk factors in the full Investor News document.