Summary
Mastercard Inc. filed an 8-K on July 31, 2014, to report its second-quarter 2014 financial results. The filing primarily consists of an attached press release (Exhibit 99.1) and a presentation for a conference call (Exhibit 99.2), both also dated July 31, 2014. These documents provide details on the company's financial performance and operational highlights for the quarter. Investors should note that the company utilizes non-GAAP financial measures, such as growth rates adjusted for currency fluctuations and excluding the impact of current-year acquisitions, to offer a clearer view of underlying operational performance. Management uses these measures for internal evaluation, planning, and compensation purposes.
Key Highlights
- 1Mastercard announced its second-quarter 2014 financial results via a press release filed on July 31, 2014.
- 2The 8-K filing includes Exhibit 99.1 (Press Release) and Exhibit 99.2 (Conference Call Presentation) for investors.
- 3The company's management uses non-GAAP financial measures to present growth rates adjusted for currency fluctuations.
- 4Non-GAAP measures are also used to exclude the impact of current-year acquisitions, aiding in performance comparison.
- 5These adjusted metrics are employed by management for evaluating ongoing operations, internal planning, forecasting, and performance-based compensation.
- 6A conference call was scheduled for July 31, 2014, to discuss the Q2 2014 financial results.
- 7All information provided in the press release and presentation is furnished and not officially filed with the SEC.
Frequently Asked Questions
The primary purpose of this 8-K filing is to report Mastercard's financial results for the second quarter of 2014. It includes a press release and a presentation to facilitate investor understanding of the company's performance.
Mastercard uses non-GAAP financial measures that include growth rates adjusted for foreign currency fluctuations and growth rates that exclude the impact of acquisitions made in the current year. These adjustments are intended to provide a clearer view of operational performance.
Mastercard's management uses non-GAAP measures to better evaluate ongoing operations against historical results, for internal planning and forecasting, and in calculating performance-based compensation. They believe these adjusted metrics offer relevant information by removing the effects of currency volatility and acquisition impacts.
No, the information contained within the press release (Exhibit 99.1) and the conference call presentation (Exhibit 99.2) is furnished to the SEC as part of this 8-K filing and is not considered 'filed' in the same way as the report itself. This means it does not carry the same legal implications of Section 18 liability.