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

The main purpose of this 8-K filing is to report Mastercard's financial results for the first quarter ended March 31, 2009. It includes a press release and a presentation that contain the detailed financial information and management's commentary on the results.

Why is Mastercard presenting financial information on a pro forma basis?

Mastercard is presenting certain financial metrics (like net income and EPS) on a pro forma basis to exclude a gain from a customer business agreement termination in Q1 2008. Management believes this one-time gain is not representative of the company's ongoing performance and that excluding it allows for a more accurate comparison of operational results between periods.

Where can I find the actual financial numbers for Q1 2009?

The actual financial numbers, including revenue, net income, and earnings per share (both GAAP and pro forma), along with the reconciliation of non-GAAP to GAAP figures, are detailed in the press release filed as Exhibit 99.1 and the presentation filed as Exhibit 99.2 with this 8-K report.

What is the significance of the customer business agreement termination gain from 2008?

The gain from the termination of a customer business agreement in the first quarter of 2008 was a significant one-time event. By excluding it from the pro forma financial presentation for Q1 2009, Mastercard aims to provide investors with a clearer view of the underlying operational trends of its core business, unaffected by this non-recurring item.

MA 8-K: Earnings & Results & Regulation FD

Summary

Mastercard Inc. (MA) filed an 8-K on May 1, 2009, to report its first-quarter financial results for the period ending March 31, 2009. The filing primarily serves to attach a press release and presentation detailing these results. Investors should note that the company is presenting certain financial metrics, including net income and earnings per share, on a pro forma basis. This pro forma presentation excludes a significant gain from a customer business agreement termination that occurred in the first quarter of 2008, which management deems not representative of ongoing performance. This exclusion is intended to provide a clearer view of the company's core operational trends and enable more meaningful period-over-period comparisons. While the 8-K itself does not contain the detailed financial figures, it directs investors to the accompanying press release (Exhibit 99.1) and presentation (Exhibit 99.2) for the specific results and a reconciliation of non-GAAP measures to GAAP. The company emphasizes that these non-GAAP measures are used internally for performance evaluation, planning, and compensation and should not be viewed in isolation or as a replacement for GAAP-reported figures. A conference call was also scheduled for May 1, 2009, to discuss these results.

Key Highlights

1Mastercard Inc. announced its first-quarter 2009 financial results via an 8-K filing on May 1, 2009.
2The company is providing pro forma financial data, excluding a 2008 gain from a customer agreement termination, to show ongoing operational performance.
3Management believes the pro forma presentation offers better insights into core business trends and facilitates comparative analysis.
4Detailed financial results and reconciliations of non-GAAP to GAAP measures are available in the filed press release (Exhibit 99.1).
5A presentation for a conference call discussing the Q1 2009 results is also attached as Exhibit 99.2.
6The non-GAAP financial information is used internally for performance evaluation and compensation purposes.
7Investors are cautioned that non-GAAP measures should be considered alongside, not as a substitute for, GAAP results.

Mastercard Inc 8-K Report, Financial Results (May 1, 2009)

Summary

Key Highlights

Frequently Asked Questions