GCB operating expenseswere $4.7 billion, up 3% on both a reported and a constant dollar
basis, as efficiency savings were more than offset by higher investments, volume-related expenses and a provision of approximately $50 million for an industry-wide legal matter in North America GCB.
Full year fiscal 2020 adjusted earnings per share from continuing operations is now expected to be in the range of $3.32 to $3.37, including an additional $20 million, or $0.04 per share, of incremental investment, reflecting growth of 16 percent to 18 percent (18 percent to 20 percent on a constant dollar
basis, excluding acquisitions and divestitures).
Net sales on a constant dollar
basis increased 10.5% compared to net sales in the second quarter of fiscal 2018.
Payments volume growth, on a constant dollar
basis, for the three months ended March 31, 2017, on which fiscal third quarter service revenue is recognized, was 38% over the prior year at USD 1.7 trillion.
On a constant dollar
basis, adjusted EBITDA for the third quarter of 2012 was $35.5 million, or 25.5% of revenue.
Cross-border volume growth, on a constant dollar
basis, was a positive 14 per cent for the three months ended 30 June 2012.Total processed transactions, which represent transactions processed by VisaNet, for the three months ended 30 June 2012, were 13.1 billion, a positive one per cent increase over the prior year.
Management uses the measure to understand the growth of the business on a constant dollar
basis, as fluctuations in exchange rates can distort the underlying growth of the business both positively and negatively.
"We now produce a constant dollar
's worth of goods and services with only 78% of the energy we used in 1990."
On the back of the big difference between interest rates in Japan and overseas, constant dollar
buying has been observed in tandem with active foreign bond purchases through investment trusts, dealers said.
Keywords: Owner's equity; Net assets; FAS 33; Constant dollar
method; Current cost method
Normal, market-based rental rate step-ups common in most leases at that time generally failed to provide an actual constant dollar
value increase over the term of a lease.