==============================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------
Form 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
------------
MAY 4, 2001 (MAY 4, 2001)
(DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED))
CENDANT CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 1-10308 06-0918165
(STATE OR OTHER JURISDICTION (COMMISSION FILE NO.) (I.R.S. EMPLOYER
OF INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
9 WEST 57TH STREET
NEW YORK, NY 10019
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE)
(212) 413-1800
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
================================================================================
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K of the Company is being filed to make
available its Consolidated Condensed Statements of Cash Flows (see Exhibit
99.1) for the three months ended March 31, 2001 and 2000 and its
Consolidated Schedule of Free Cash Flows (see Exhibit 99.2) for the twelve
months ended March 31, 2001 and 2000.
Free cash flow is another measure used by management to evaluate liquidity
and financial condition. Free cash flow represents cash available for the
repayment of debt and other corporate purposes such as stock repurchases,
acquisitions and investments for the latest twelve-month period. The
Company has provided the Consolidated Schedule of Free Cash Flows for
the twelve months ended March 31, 2001 and 2000 as that reflects the
measure in which management evaluates the performance of its Free Cash
Flows. Such measure of performance may not be comparable to similarly
titled measures used by other companies and is not a measurement
recognized under generally accepted accounting principles. Therefore, free
cash flow should not be construed as a substitute for income or cash flow
from continuing operations in measuring operating results or liquidity.
The Consolidated Schedule of Free Cash Flows for the twelve months ended
March 31, 2001 and 2000 should be read in conjunction with the Company's
Consolidated Condensed Statements of Cash Flows attached hereto as well as
the Company's Consolidated Statements of Income included within the
Company's earnings release of first quarter results filed with the
Securities and Exchange Commission on Form 8-K on April 19, 2001 and the
Company's Annual Report on Form 10-K filed on March 29, 2001.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
See Exhibit Index.
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CENDANT CORPORATION
BY: /s/ John T. McClain
-------------------
John T. McClain
Senior Vice President, Finance and
Corporate Controller
Date: May 4, 2001
2
CENDANT CORPORATION
CURRENT REPORT ON FORM 8-K
EXHIBIT INDEX
EXHIBIT
NO. DESCRIPTION
------- -----------
99.1 Consolidated Condensed Statements of Cash Flows for the three months
ended March 31, 2001 and 2000.
99.2 Consolidated Schedule of Free Cash Flows for the twelve months ended
March 31, 2001 and 2000.
3