Summary
MasterCard Incorporated filed an 8-K on May 1, 2013, primarily to announce its first-quarter financial results for the period ended March 31, 2013. The filing includes a press release and a presentation that will be used during a conference call to discuss these results. Investors should note that the company will be presenting certain growth rates adjusted for currency fluctuations, which is a non-GAAP measure. Management utilizes these currency-adjusted figures to better evaluate ongoing operations and for internal planning and compensation purposes. The included exhibits provide detailed financial performance information and management's commentary on the quarter.
Key Highlights
- 1MasterCard announced its Q1 2013 financial results on May 1, 2013, via an 8-K filing.
- 2The filing incorporates a press release (Exhibit 99.1) detailing the Q1 2013 financial performance.
- 3A presentation for a Q1 2013 earnings conference call (Exhibit 99.2) is also attached.
- 4The company will report growth rates adjusted for currency impacts, a non-GAAP financial measure.
- 5Management uses currency-adjusted growth rates for operational evaluation, planning, and compensation.
- 6The report serves as the official channel for disseminating these Q1 2013 financial results and related discussions.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce MasterCard's financial results for the first quarter ended March 31, 2013, and to provide the related press release and conference call presentation materials.
The company is presenting growth rates adjusted for currency fluctuations. This is a non-GAAP measure because it excludes the impact of foreign exchange rates. Management uses this to provide a clearer view of underlying operational performance, removing the volatility of currency movements, which is useful for comparisons and internal decision-making.
The detailed financial results for Q1 2013 are provided in the press release (Exhibit 99.1) attached to this 8-K filing. A presentation with further details and commentary is also available as Exhibit 99.2.
No, the information contained in the press release (Exhibit 99.1) and the presentation (Exhibit 99.2) is furnished, not filed, with the SEC. This means it's being provided for public information but does not carry the same legal liabilities as formally filed documents.