Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - FORD MOTOR CREDIT CO LLC | c96833e10vk.htm |
| EX-24 - EXHIBIT 24 - FORD MOTOR CREDIT CO LLC | c96833exv24.htm |
| EX-23 - EXHIBIT 23 - FORD MOTOR CREDIT CO LLC | c96833exv23.htm |
| EX-32.1 - EXHIBIT 32.1 - FORD MOTOR CREDIT CO LLC | c96833exv32w1.htm |
| EX-31.1 - EXHIBIT 31.1 - FORD MOTOR CREDIT CO LLC | c96833exv31w1.htm |
| EX-32.2 - EXHIBIT 32.2 - FORD MOTOR CREDIT CO LLC | c96833exv32w2.htm |
| EX-31.2 - EXHIBIT 31.2 - FORD MOTOR CREDIT CO LLC | c96833exv31w2.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
| For the Years Ended December 31, | ||||||||||||
| 2009 | 2008 | 2007 | ||||||||||
| (in millions) | ||||||||||||
Earnings |
||||||||||||
Income/(Loss) before income taxes |
$ | 2,001 | $ | (2,559 | ) | $ | 1,215 | |||||
Less: Equity in net income of
affiliated companies |
1 | 8 | 14 | |||||||||
Fixed charges |
5,174 | 7,648 | 8,652 | |||||||||
Earnings before fixed charges |
$ | 7,174 | $ | 5,081 | $ | 9,853 | ||||||
Fixed charges (a) |
||||||||||||
Interest expense |
$ | 5,162 | $ | 7,634 | $ | 8,630 | ||||||
Rents |
12 | 14 | 22 | |||||||||
Total fixed charges |
$ | 5,174 | $ | 7,648 | $ | 8,652 | ||||||
Ratio of earnings to fixed charges |
1.39 | (b | ) | 1.14 | ||||||||
| (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. |
12-1