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New words:
abuse, attached, bankcard, Bench, binding, Chile, conclusion, deadline, dominant, export, factor, instructed, memorandum, MOU, PayPal, Queen, Saskatchewan, sought, turn, unfairly
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actuarial, attributable, concentrated, de, delay, denial, fixing, month, obtained, Venezuela
Filing tables
Filing exhibits
- 10-Q Quarterly report
- 10.1 Mastercard Incorporated 2006 Long Term Plan
- 10.2 2006 Non-employee Director Equity Compensation Plan
- 10.3 Schedule of Non-employee Director Equity Compensation Plan
- 10.4 Form of Restricted Stock Agreement for Awards Under 2006 Non-employee Director Equity Compensation Plan
- 10.5 Amended and Restated Mastercard International Incorporated Executive Severance Plan
- 10.6 Amended and Restated Mastercard International Incorporated Change In Control Severance Plan
- 12.1 Computation of Ratio of Earnings to Fixed Charges
- 15 Awareness Letter from Company's Independent Registered Accounting Firm
- 31.1 Certification of President and CEO - Section 302
- 31.2 Certification of CFO - Section 302
- 32.2 Certification of President and CEO - Section 906
- 32.2 Certification of CFO - Section 906
Related press release
MA similar filings
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EXHIBIT 12.1
MASTERCARD INCORPORATED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended June 30, 2012 | Years Ended December 31, | ||||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
(in millions, except ratios) | |||||||||||||||||||||||
Pre-tax income (loss) before adjustment for non-controlling interests | $ | 1,972 | $ | 2,746 | $ | 2,757 | $ | 2,218 | $ | (383 | ) | $ | 1,671 | ||||||||||
Loss attributable to non-controlling interests and equity investments | 13 | 18 | 1 | 3 | 2 | 1 | |||||||||||||||||
Add: Fixed charges | 11 | 29 | 56 | 120 | 109 | 62 | |||||||||||||||||
Earnings (loss) | $ | 1,996 | $ | 2,793 | $ | 2,814 | $ | 2,341 | $ | (272 | ) | $ | 1,734 | ||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 9 | $ | 25 | $ | 52 | $ | 115 | $ | 104 | $ | 57 | |||||||||||
Portion of rental expense under operating leases deemed to be the equivalent of interest 1 | 2 | 4 | 4 | 5 | 5 | 5 | |||||||||||||||||
Total fixed charges | $ | 11 | $ | 29 | $ | 56 | $ | 120 | $ | 109 | $ | 62 | |||||||||||
Ratio of earnings to fixed charges | 181.5 | 96.3 | 50.3 | 19.5 | - 2 | 28.0 |
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 million to achieve a coverage of 1:1 in 2008.