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New words:
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Filing tables
Filing exhibits
- 10-K Annual report
- 10.33 Omnibus Agreement
- 10.34 Mastercard Settlement and Judgement Sharing Agreement
- 12.1 Computation of Ratio of Earnings to Fixed Charges
- 21 List of Subsidiaries of Mastercard Incorporated
- 23.1 Consent of Pricewaterhousecoopers LLP
- 31.1 Certification of Ajay Banga, President and CEO, Pursuant to Section 302
- 31.2 Certification of Martina Hund-mejean, CFO, Pursuant to Section 302
- 32.1 Certification of Ajay Banga, President and CEO, Pursuant to 18 U.s.c. Sect 1350
- 32.2 Certification of Martina Hund-mejean, CFO, Pursuant to 18 U.s.c. Sect 1350
Related press release
MA similar filings
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EXHIBIT 12.1
MASTERCARD INCORPORATED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
(in millions, except ratios) | ||||||||||||||||||||
Pre-tax income (loss) before adjustment for non-controlling interests | $ | 2,757 | $ | 2,218 | $ | (383 | ) | $ | 1,671 | $ | 294 | |||||||||
Loss attributable to non-controlling interests | 1 | 3 | 2 | 1 | (1 | ) | ||||||||||||||
Add: Fixed charges | 56 | 120 | 109 | 62 | 65 | |||||||||||||||
Earnings | $ | 2,814 | $ | 2,341 | $ | (272 | ) | $ | 1,734 | $ | 358 | |||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 52 | $ | 115 | $ | 104 | $ | 57 | $ | 61 | ||||||||||
Portion of rental expense under operating leases deemed to be the equivalent of interest1 | 4 | 5 | 5 | 5 | 4 | |||||||||||||||
Total fixed charges | $ | 56 | $ | 120 | $ | 109 | $ | 62 | $ | 65 | ||||||||||
Ratio of earnings to fixed charges | 50.3 | 19.5 | — | 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 million to achieve a coverage of 1:1 in 2008. |