Summary
MasterCard Incorporated filed an 8-K on July 28, 2016, to report its second-quarter 2016 financial results. The filing highlights the company's financial performance and provides context for its earnings through the disclosure of non-GAAP financial measures. These non-GAAP measures are presented to offer a clearer view of ongoing operational performance by excluding significant, non-recurring items such as provisions related to UK merchant litigations and settlements. Investors should note that the company is providing these adjusted figures to facilitate a better understanding of core business trends and to allow for more meaningful period-over-period comparisons. The press release, attached as an exhibit, offers reconciliations between GAAP and non-GAAP figures, which are crucial for a comprehensive analysis of MasterCard's financial health and operational efficiency.
Key Highlights
- 1MasterCard announced its second-quarter 2016 financial results via a press release filed on July 28, 2016.
- 2The company is providing non-GAAP financial measures to supplement its GAAP reporting.
- 3Key non-GAAP adjustments include provisions related to UK merchant litigation and settlements from both Q2 2016 and Q2 2015, respectively.
- 4Management uses these non-GAAP measures to assess ongoing operational performance and facilitate period-over-period comparisons.
- 5Currency-neutral growth rates are also presented as a non-GAAP measure to illustrate performance independent of foreign exchange fluctuations.
- 6The press release contains reconciliations between GAAP and non-GAAP financial measures.
- 7The disclosed information is furnished, not filed, and should be reviewed in conjunction with the company's official SEC filings.