Business Context and Reporting Period
Company: Fresenius Medical Care AG & Co. KGaA
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: First Quarter ended March 31, 2016
Filing Date: May 3, 2016
This filing announces the Company's first-quarter 2016 results via an Investor News release. The filing serves to furnish the press release and corresponding financial figures to the SEC.
Key Financial Metrics
The provided text does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are referenced as being contained in the attached Exhibits (Exhibit 99.1 and Exhibit 99.2) but are not present in the filing text itself.
Non-GAAP Measures Discussed:
- EBITDA: Operating income excluding interest, taxes, depreciation, and amortization.
- Free Cash Flow: Used to supplement GAAP results.
The filing states that reconciliations between these non-GAAP measures and GAAP measures are included in the attached Investor News and Cash Flow Statement.
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. It only notes that the non-GAAP measures are included to provide consistency and comparability to prior periods.
Guidance, Outlook, and Risks
Management Commentary: Management states that the non-GAAP measures are provided to enhance the user's understanding of current financial performance and future prospects. They emphasize that these measures should not be used as a substitute for GAAP financial measures.
Risks and Contingencies: The text does not detail specific risks or contingencies. It includes a standard disclaimer that the attached Exhibits are not deemed "filed" for purposes of Section 18 of the Exchange Act and are not subject to the liabilities of that section.
Investor Verification Checklist
- Verify the specific Q1 2016 revenue, EBITDA, and free cash flow figures in the attached Exhibit 99.1 (Investor News) and Exhibit 99.2 (Financial Figures).
- Review the reconciliation of non-GAAP measures to GAAP measures to understand adjustments made.
- Confirm the full text of the Investor News release for any qualitative guidance or outlook not summarized in this Form 6-K.
- Check the Cash Flow Statement referenced in the filing for detailed liquidity data.