Summary
This 8-K filing by Mastercard Inc. (MA) on November 1, 2006, primarily serves to announce the company's financial results for the third quarter ended September 30, 2006. The filing includes a press release and a presentation for an upcoming conference call, both of which are furnished but not officially filed with the SEC. A key aspect of the disclosure is the presentation of non-GAAP financial measures, which management believes provide a clearer understanding of operating performance and facilitate period-over-period comparisons by excluding certain one-time or non-recurring items.
Key Highlights
- 1Mastercard Inc. announced its third quarter 2006 financial results on November 1, 2006.
- 2The company is presenting non-GAAP financial measures to aid investor understanding of operating performance.
- 3Excluded from non-GAAP measures are charges related to litigation settlements.
- 4A one-time adjustment for a change in accounting methodology for cash-based executive incentive plans is also excluded.
- 5Interest income from IPO proceeds used for share redemption is excluded from certain non-GAAP calculations.
- 6A non-cash charge related to the donation of shares to The MasterCard Foundation is excluded from specific non-GAAP figures.
- 7A conference call to discuss Q3 2006 results is scheduled for November 1, 2006, with a presentation provided as an exhibit.