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Content analysis
?Filing tables
Filing exhibits
- 10-Q Quarterly report
- 10.1 Omnibus Agreement Regarding Interchange Judgment Sharing and Settlement Agreement
- 10.2 Mastercard /Settlement and Judgment Sharing Agreement
- 12.1 Ratio of Earnings to Fixed Charges
- 15 Awareness Letter from the Company's Independent Registered Public Accounting Firm
- 31.1 Certification of Ajay Banga Pursuant to Section 302
- 31.2 Certification of Martina Hund-majean Pursuant to Section 302
- 32.1 Certification of Ajay Banga Pursuant to Section 906
- 32.2 Certification of Martina Hund-majean Pursuant to Section 906
Related press release
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EXHIBIT 12.1
MASTERCARD INCORPORATED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30, 2011 | Year Ended December 31, | ||||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Pre-tax income (loss) before adjustment for non-controlling interests | $ | 2,758 | $ | 2,757 | $ | 2,218 | $ | (383 | ) | $ | 1,671 | $ | 294 | ||||||||||
Loss (income) attributable to non-controlling interests and equity investments | 10 | 1 | 3 | 2 | 1 | (1 | ) | ||||||||||||||||
Add: Fixed charges | 21 | 56 | 120 | 109 | 62 | 65 | |||||||||||||||||
Earnings (loss) | $ | 2,789 | $ | 2,814 | $ | 2,341 | $ | (272 | ) | $ | 1,734 | $ | 358 | ||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 18 | $ | 52 | $ | 115 | $ | 104 | $ | 57 | $ | 61 | |||||||||||
Portion of rental expense under operating leases deemed to be the equivalent of interest 1 | 3 | 4 | 5 | 5 | 5 | 4 | |||||||||||||||||
Total fixed charges | $ | 21 | $ | 56 | $ | 120 | $ | 109 | $ | 62 | $ | 65 | |||||||||||
Ratio of earnings to fixed charges | 132.8 | 50.3 | 19.5 | 0 (2) | 28.0 | 5.5 |
1 | Portion of rental expense under operating leases deemed to be the equivalent of interest at an appropriate interest factor. |
2 | The ratio coverage was less than 1:1. MasterCard would have needed to generate additional earnings of $381 to achieve a coverage of 1:1 in 2008. |