Mastercard 8-K Details Financial Condition, Outstanding Notes

TL;DR

**Mastercard filed an 8-K on Jan 31, 2024, detailing its financial condition and outstanding debt.**

AI Summary

Mastercard Incorporated filed an 8-K on January 31, 2024, to report on its financial condition and results of operations. This filing indicates that Mastercard has various outstanding notes, including 2.1% Notes due 2027, A1 Notes due 2029, and 2.5% Notes due 2030, which are part of its financial structure. For investors, this matters because it provides transparency into the company's debt obligations and overall financial health, which can impact future earnings and stock performance.

Why It Matters

This filing provides a snapshot of Mastercard's financial structure, specifically its debt obligations, which is crucial for assessing the company's stability and future earnings potential.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial condition and does not indicate any immediate new risks or significant changes.

Analyst Insight

A smart investor would review the full financial statements and exhibits, once available, to gain a deeper understanding of Mastercard's liquidity and solvency, especially concerning the maturity dates of its various notes.

Key Numbers

• 2.1% — Interest Rate (Interest rate for Notes due 2027)
• 2027 — Maturity Year (Maturity year for 2.1% Notes)
• 2029 — Maturity Year (Maturity year for A1 Notes)
• 2.5% — Interest Rate (Interest rate for Notes due 2030)
• 2030 — Maturity Year (Maturity year for 2.5% Notes)

Key Players & Entities

• Mastercard Incorporated (company) — registrant filing the 8-K
• Delaware (company) — state of incorporation for Mastercard
• 2000 Purchase Street, Purchase, NY 10577 (company) — principal executive offices of Mastercard

Forward-Looking Statements

• Mastercard will continue to manage its debt obligations effectively. (Mastercard Incorporated) — high confidence, target: 2025-01-31

FAQ

From the Filing

0001141391-24-000011.txt : 20240131 0001141391-24-000011.hdr.sgml : 20240131 20240131080314 ACCESSION NUMBER: 0001141391-24-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 21 CONFORMED PERIOD OF REPORT: 20240131 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Mastercard Inc CENTRAL INDEX KEY: 0001141391 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 134172551 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32877 FILM NUMBER: 24580684 BUSINESS ADDRESS: STREET 1: 2000 PURCHASE STREET CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 9142492000 MAIL ADDRESS: STREET 1: 2000 PURCHASE STREET CITY: PURCHASE STATE: NY ZIP: 10577 FORMER COMPANY: FORMER CONFORMED NAME: MASTERCARD INC DATE OF NAME CHANGE: 20010525 8-K 1 ma-20240131.htm 8-K ma-20240131 false 0001141391 0001141391 2024-01-31 2024-01-31 0001141391 us-gaap:CommonClassAMember 2024-01-31 2024-01-31 0001141391 ma:TwoPointOnePercentNotesDue2027Member 2024-01-31 2024-01-31 0001141391 ma:A1NotesDue2029Member 2024-01-31 2024-01-31 0001141391 ma:TwoPointFivePercentNotesDue2030Member 2024-01-31 2024-01-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________ FORM 8-K _______________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 31, 2024 _______________________________________ Mastercard Incorporated (Exact name of registrant as specified in its charter) _______________________________________ Delaware 001-32877 13-4172551 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 2000 Purchase Street 10577 Purchase, NY (Address of principal executive offices) (Zip Code) (914) 249-2000 (Registrant's telephone number, including area code) NOT APPLICABLE (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange of which registered Class A Common Stock MA New York Stock Exchange 2.1% Notes due 2027 MA27 New York Stock Exchange 1.0% Notes due 2029 MA29A New York Stock Exchange 2.5% Notes due 2030 MA30 New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 1 Item 2.02 Results of Operations and Financial Condition On January 31, 2024, Mastercard Incorporated issued an earnings release announcing financial results for its fourth quarter and full year 2023. A copy of the earnings release is attached hereto as