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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Form 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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JULY 17, 2002 (JULY 17, 2002)
(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 IDENTIFICATION NUMBER)
ORGANIZATION)
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)
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ITEM 5. OTHER EVENTS
EARNINGS RELEASE
On July 17, 2002, we reported our second quarter 2002 results, which
included our Consolidated Condensed Statements of Cash Flows for the six
months ended June 30, 2002 and 2001 and our Consolidated Schedules of
Free Cash Flows for the six and twelve months ended June 30, 2002 and
2001. We also revised third and fourth quarter 2002 projections, as well
as full year 2002 projections. Our second quarter 2002 results and the
revised 2002 projections are discussed in more detail in the press release
attached hereto as Exhibit 99.1, which is incorporated by reference in its
entirety.
Free cash flow is a 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 acquisitions and
investments. The Company has provided the Consolidated Schedules of Free
Cash Flows as it reflects the measure by which management evaluates the
performance of its 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 operations in measuring operating results or
liquidity. The Consolidated Schedules of Free Cash Flows for the six and
twelve months ended June 30, 2002 and 2001 should be read in conjunction
with the Company's Consolidated Condensed Statements of Cash Flows and
Consolidated Condensed Statements of Operations attached hereto, as well
as the Company's Consolidated Statements of Cash Flows and Consolidated
Statements of Operations included within the Company's Annual Report on
Form 10-K for the year ended December 31, 2001 filed with the Securities
and Exchange Commission on April 1, 2002.
ITEM 7. 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/ Tobia Ippolito
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Tobia Ippolito
Executive Vice President,
Finance and Chief Accounting
Officer
Date: July 17, 2002
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CENDANT CORPORATION
CURRENT REPORT ON FORM 8-K
EXHIBIT INDEX
EXHIBIT
NO. DESCRIPTION
99.1 Press Release: Cendant Reports Record Results for Second Quarter
2002; Raises Full Year 2002 Projection
3