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Filing tables
Filing exhibits
- 10-Q Quarterly report
- 10.1 Form of Restricted Stock Unit Agreement for Awards Under 2006 Ltip
- 10.2 Form of Stock Option Agreement for Awards Under 2006 Ltip
- 10.3 Form of Performance Unit Agreement for Awards Under 2006 Ltip
- 10.4 Description of Employment Arrangement with Walter Macnee
- 12.1 Computation of Ratio of Earnings to Fixed Charges
- 15 Awareness Letter from Company's Independent Registered Public Accounting Firm
- 31.1 Certification of Ajay Banga, President and Chief Executive Officer
- 31.2 Certification of Martina Hund-mejean, Chief Financial Officer
- 32.1 Certification of Ajay Banga, President and Chief Executive Officer
- 32.2 Certification of Martina Hund-mejean, Chief Financial Officer
Related press release
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EXHIBIT 12.1
MASTERCARD INCORPORATED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratios)
Three Months Ended March 31, 2011 | Year Ended December 31, | |||||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
(in millions, except ratios) | ||||||||||||||||||||||||
Pre-tax income (loss) before adjustment for non-controlling interests | $ | 836 | $ | 2,757 | $ | 2,218 | $ | (383 | ) | $ | 1,671 | $ | 294 | |||||||||||
Loss attributable to non-controlling interests | 3 | 1 | 3 | 2 | 1 | (1 | ) | |||||||||||||||||
Add: Fixed charges | 11 | 56 | 120 | 109 | 62 | 65 | ||||||||||||||||||
Earnings | $ | 850 | $ | 2,814 | $ | 2,341 | $ | (272 | ) | $ | 1,734 | $ | 358 | |||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 10 | $ | 52 | $ | 115 | $ | 104 | $ | 57 | $ | 61 | ||||||||||||
Portion of rental expense under operating leases deemed to be the equivalent of interest 1 | 1 | 4 | 5 | 5 | 5 | 4 | ||||||||||||||||||
Total fixed charges | $ | 11 | $ | 56 | $ | 120 | $ | 109 | $ | 62 | $ | 65 | ||||||||||||
Ratio of earnings to fixed charges | 77.3 | 50.3 | 19.5 | — | 2 | 28.0 | 5.5 | |||||||||||||||||
1 | Portion of rental expenses 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. |