Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - FORD MOTOR CREDIT CO LLC | c92085e10vq.htm |
| EX-15 - EXHIBIT 15 - FORD MOTOR CREDIT CO LLC | c92085exv15.htm |
| EX-31.1 - EXHIBIT 31.1 - FORD MOTOR CREDIT CO LLC | c92085exv31w1.htm |
| EX-32.2 - EXHIBIT 32.2 - FORD MOTOR CREDIT CO LLC | c92085exv32w2.htm |
| EX-31.2 - EXHIBIT 31.2 - FORD MOTOR CREDIT CO LLC | c92085exv31w2.htm |
| EX-32.1 - EXHIBIT 32.1 - FORD MOTOR CREDIT CO LLC | c92085exv32w1.htm |
Exhibit 12
FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
| First Nine | ||||||||||||||||
| Months | For the Years Ended December 31, | |||||||||||||||
| 2009 | 2008 | 2007 | 2006 | |||||||||||||
| (in millions) | ||||||||||||||||
Earnings |
||||||||||||||||
Income/(Loss) before income taxes |
$ | 1,287 | $ | (2,559 | ) | $ | 1,215 | $ | 1,953 | |||||||
Less: Equity in net income/(loss)
of affiliated companies |
1 | 8 | 14 | 7 | ||||||||||||
Fixed charges |
3,978 | 7,648 | 8,652 | 7,842 | ||||||||||||
Earnings before fixed charges |
$ | 5,264 | $ | 5,081 | $ | 9,853 | $ | 9,788 | ||||||||
Fixed charges (a) |
||||||||||||||||
Interest expense |
$ | 3,969 | $ | 7,634 | $ | 8,630 | $ | 7,818 | ||||||||
Rents |
9 | 14 | 22 | 24 | ||||||||||||
Total fixed charges |
$ | 3,978 | $ | 7,648 | $ | 8,652 | $ | 7,842 | ||||||||
Ratio of earnings to fixed charges |
1.32 | (b) | 1.14 | 1.25 | ||||||||||||
| (a) | Consists of interest on borrowed funds, amortization of debt discount, premium, and issuance expense, and one-third of all rental expense (the proportion deemed representative of the interest factor). | |
| (b) | Earnings inadequate to cover fixed charges by $2,567 million. |