Summary
Mastercard Inc. filed an 8-K report on August 1, 2012, primarily to disclose its second-quarter financial results for the period ending June 30, 2012. The report indicates that a press release and presentation discussing these results were made public on the same date, accompanying a conference call for investors. A key aspect of the disclosure involves the presentation of non-GAAP financial measures, specifically excluding provisions for potential litigation settlements from operating expenses, operating income, net income, and earnings per share. Mastercard's management utilizes these adjusted figures to provide a clearer view of ongoing operational performance and facilitate period-over-period comparisons.
Key Highlights
- 1Mastercard announced its second-quarter 2012 financial results on August 1, 2012.
- 2The company issued a press release (Exhibit 99.1) and a presentation (Exhibit 99.2) detailing its Q2 2012 performance.
- 3A conference call was scheduled for August 1, 2012, to discuss the Q2 results.
- 4The filing highlights the use of non-GAAP financial measures, excluding provisions for financial litigation settlements.
- 5These non-GAAP measures are presented for operating expenses, operating income, net income, and earnings per share on a pro forma basis.
- 6Management uses these adjusted figures to evaluate ongoing operations and facilitate comparisons, believing they aid in understanding operating performance.