Date of Report (Date of earliest event reported): January 30, 2015 | ||||
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MasterCard Incorporated (Exact name of registrant as specified in its charter) | ||||
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Delaware (State or other jurisdiction of incorporation) | 001-32877 (Commission File Number) | 13-4172551 (IRS Employer Identification No.) | ||
2000 Purchase Street Purchase, New York (Address of principal executive offices) | 10577 (Zip Code) | |||
(914) 249-2000 (Registrant's telephone number, including area code) | ||||
NOT APPLICABLE (Former name or former address, if changed since last report) | ||||
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o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
• | Growth rates for total operating expenses, operating income, net income and earnings per diluted share presented on a pro forma basis giving effect to the exclusion of a net incremental charge related to the U.S. merchant litigations accrued during each of the three-month and year-end periods ended December 31, 2013. MasterCard excluded this item because MasterCard’s management monitors material litigation settlements separately from ongoing operations and evaluates ongoing performance without these amounts. MasterCard’s management believes that the non-GAAP financial measures presented facilitate an understanding of MasterCard’s operating performance and meaningful comparison of its results between periods. |
• | Effective tax rate presented on a pro forma basis giving effect to the exclusion of income tax benefits associated with the net incremental charge related to the U.S. merchant litigations during the three-month and year-end periods ended December 31, 2013. MasterCard’s management believes that the non-GAAP financial measure presented facilitates an understanding of MasterCard’s operating performance and meaningful comparison of its results between periods. |
• | Presentation of growth rates adjusted for currency. Due to the impact of foreign currency rate fluctuations on reported results, MasterCard’s management believes the presentation of certain growth rates adjusted for currency, calculated by re-measuring the prior period’s results using the current period’s exchange rates, provides relevant information. |
Exhibit Number | Exhibit Description |
99.1 | Press Release issued by MasterCard Incorporated, dated January 30, 2015 |
99.2 | Presentation of MasterCard Incorporated, dated January 30, 2015 |
MASTERCARD INCORPORATED | ||||
Date: | January 30, 2015 | By: | /s/ Janet McGinness | |
Janet McGinness | ||||
Corporate Secretary |
Exhibit Number | Exhibit Description |
99.1 | Press Release issued by MasterCard Incorporated, dated January 30, 2015 |
99.2 | Presentation of MasterCard Incorporated, dated January 30, 2015 |