What is the main purpose of this 8-K filing?

This 8-K filing announces Mastercard's financial results for the second quarter ended June 30, 2006, and provides supplemental materials such as a press release and presentation for an investor conference call.

Why is Mastercard providing non-GAAP financial information?

Mastercard is providing non-GAAP financial measures to offer a better understanding of its underlying operating performance and to allow for more meaningful comparisons between financial periods. These measures exclude certain non-recurring or temporary items that management believes do not reflect the company's core operations.

What specific items are being excluded in the non-GAAP reporting?

The non-GAAP figures exclude charges related to litigation settlement reserves, interest income earned on IPO proceeds used for share redemption, and a non-cash charge from the donation of Class A shares to The MasterCard Foundation.

Where can I find the official GAAP-based financial results?

The press release attached as Exhibit 99.1 to this 8-K filing contains the reconciliations of the non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP. Investors should refer to these reconciliations for the complete GAAP picture.

MA 8-K: Earnings & Results & Regulation FD

Summary

Mastercard Incorporated (MA) filed an 8-K on August 2, 2006, to report its financial results for the second quarter ended June 30, 2006. The filing primarily consists of a press release and a presentation for an upcoming conference call detailing these results. Investors should note that Mastercard is presenting non-GAAP financial measures to provide a clearer view of its operating performance, excluding certain one-time or temporary items. Key adjustments include excluding charges related to litigation settlement reserves, interest income from IPO proceeds used for share redemption, and a non-cash charge from donating shares to The MasterCard Foundation. Management believes these adjustments enhance the understanding and comparability of the company's ongoing operational performance across periods. Investors are advised to review the GAAP reconciliations provided in the accompanying press release.

Key Highlights

1Mastercard announced its second quarter 2006 financial results on August 2, 2006, via an 8-K filing.
2The filing includes a press release (Exhibit 99.1) and a presentation (Exhibit 99.2) for a conference call discussing Q2 2006 results.
3The company is providing non-GAAP financial measures to present a more comparable view of operating performance.
4Adjustments exclude charges for litigation settlement reserves.
5Interest income related to IPO proceeds used for Class B share redemption is also excluded.
6A non-cash charge from donating 13.5 million Class A shares to The MasterCard Foundation is excluded.
7Reconciliations of non-GAAP measures to GAAP are available in the press release.

Mastercard Inc 8-K Report, Financial Results (Aug 2, 2006)

Summary

Key Highlights

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