Business Context and Reporting Period
Company: Fresenius Medical Care AG & Co. KGaA
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: February 25, 2014
Reporting Period: Fourth Quarter and Full Year 2013
This filing serves as a cover document announcing the release of the Company's fourth quarter and twelve-month earnings results for 2013. The detailed financial data is contained in an attached Investor News release (Exhibit 99.1), which is not included in the text of this Form 6-K.
Key Financial Metrics
The text of this Form 6-K does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The filing explicitly states that these results are presented in the attached Investor News.
The Company utilizes the following non-GAAP financial measures to supplement GAAP results:
- EBITDA: Operating income excluding interest, taxes, depreciation, and amortization.
- Free Cash Flow: Used to enhance understanding of financial performance and future prospects.
Reconciliations between these non-GAAP measures and the most comparable GAAP measures are located in the attached Investor News and the Cash Flow Statement.
Material Changes
The filing text does not contain specific data regarding material changes versus prior comparable periods. Investors must refer to the attached Investor News (Exhibit 99.1) for comparative analysis.
Guidance, Outlook, and Risks
Management Commentary: Management states that the inclusion of non-GAAP measures provides consistency and comparability with prior periods. These measures are intended to enhance the user's understanding of current performance and future prospects but should not be considered superior to GAAP measures.
Legal Disclaimer: The attached Exhibit 99.1 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section. It shall not be deemed incorporated by reference in any other filing.
Risks and Contingencies: No specific risks or contingencies are detailed in the text of this Form 6-K.
Investor Verification Checklist
- Verify the specific revenue, net income, and EBITDA figures in the attached Investor News (Exhibit 99.1), as they are absent from this filing text.
- Review the reconciliation of non-GAAP measures (EBITDA and Free Cash Flow) to GAAP measures provided in the attached exhibit.
- Confirm the full-year 2013 performance trends and any year-over-year changes detailed in the attached earnings release.
- Check for any forward-looking guidance or updated outlook statements within the attached Investor News.