Business Context and Reporting Period
Company: Fresenius Medical Care AG & Co. KGaA
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Filing Date: November 5, 2013
Reporting Period: Third quarter ended September 30, 2013
Context: This filing announces the issuance of an Investor News release containing third-quarter 2013 results. The filing serves as a conduit for the press release and includes disclosures regarding the use of non-GAAP financial measures.
Key Financial Metrics
The provided text does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The filing explicitly states that these figures are contained within the attached "Investor News" (Exhibit 99.1), which is not included in the input text.
Non-GAAP Measures Discussed:
- EBITDA: Defined as operating income excluding interest, taxes, depreciation, and amortization.
- Free Cash Flow: Cited as a supplemental measure to enhance understanding of performance.
The filing notes that reconciliations of these non-GAAP measures to 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 confirms that the attached Investor News contains the consolidated financial results for the third quarter of 2013.
Guidance, Outlook, and Risks
Management Commentary: Management states that non-GAAP measures are provided to enhance user understanding of current performance and future prospects, and to ensure consistency with prior reporting periods. They caution that these measures should not be used as a substitute for GAAP measures.
Risks and Contingencies: The filing includes standard legal disclaimers stating that the attached Exhibit shall not be deemed "filed" for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section. No specific operational risks or contingencies are detailed in the text provided.
Investor Verification Checklist
- Verify the specific revenue, EBITDA, and free cash flow figures in the attached Exhibit 99.1 (Investor News), as they are absent from this summary text.
- Review the reconciliation tables in the Investor News to understand the adjustments made to derive non-GAAP EBITDA and free cash flow from GAAP figures.
- Confirm the year-over-year growth rates and margin trends detailed in the full press release.
- Check for any specific guidance or outlook statements for the full year 2013 or 2014 within the attached exhibit.