Attached files
| file | filename |
|---|---|
| EX-15 - EXHIBIT 15 - Mastercard Inc | exb15-03312016.htm |
| EX-32.1 - EXHIBIT 32.1 - Mastercard Inc | exb321-03312016.htm |
| EX-31.1 - EXHIBIT 31.1 - Mastercard Inc | exb311-03312016.htm |
| EX-32.2 - EXHIBIT 32.2 - Mastercard Inc | exb322-03312016.htm |
| EX-31.2 - EXHIBIT 31.2 - Mastercard Inc | exb312-03312016.htm |
| EX-10.3 - EXHIBIT 10.3 - Mastercard Inc | exb103formofperformanceuni.htm |
| EX-10.2 - EXHIBIT 10.2 - Mastercard Inc | exb102formofstockoptionagr.htm |
| EX-10.1 - EXHIBIT 10.1 - Mastercard Inc | exb101formofrestrictedstoc.htm |
| 10-Q - 10-Q - Mastercard Inc | ma03312016-10xq.htm |
| EX-99.1 - EXHIBIT 99.1 - Mastercard Inc | exb991-03312016.htm |
EXHIBIT 12.1
MASTERCARD INCORPORATED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended | Years Ended December 31, | ||||||||||||||||||||||
March 31, 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
(in millions, except ratios) | |||||||||||||||||||||||
Pre-tax income before adjustment for non-controlling interests | $ | 1,336 | $ | 4,952 | $ | 5,082 | $ | 4,502 | $ | 3,932 | $ | 2,746 | |||||||||||
Loss attributable to non-controlling interests and equity investments | 2 | 89 | 27 | 37 | 25 | 18 | |||||||||||||||||
Add: Fixed charges | 21 | 63 | 50 | 20 | 25 | 29 | |||||||||||||||||
Earnings | $ | 1,359 | $ | 5,104 | $ | 5,159 | $ | 4,559 | $ | 3,982 | $ | 2,793 | |||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 20 | $ | 61 | $ | 48 | $ | 14 | $ | 20 | $ | 25 | |||||||||||
Portion of rental expense under operating leases deemed to be the equivalent of interest 1 | 1 | 2 | 2 | 6 | 5 | 4 | |||||||||||||||||
Total fixed charges | $ | 21 | $ | 63 | $ | 50 | $ | 20 | $ | 25 | $ | 29 | |||||||||||
Ratio of earnings to fixed charges | 64.7 | 81.0 | 103.2 | 228.0 | 159.3 | 96.3 | |||||||||||||||||
1 Portion of rental expense under operating leases deemed to be the equivalent of interest at an appropriate interest factor.