EX-12 2 c81579exv12.htm EXHIBIT 12 - CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES Filed by Bowne Pure Compliance
Exhibit 12
FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
                         
    For the Years Ended December 31,  
    2008     2007     2006  
            (in millions)          
Earnings
                        
Income/(Loss) before income taxes
   $ (2,559 )   $ 1,215     $ 1,953  
Less: Equity in net income/(loss) of affiliated companies
     8       14       7  
Fixed charges
     7,648       8,652       7,842  
 
                  
Earnings before fixed charges
   $ 5,081     $ 9,853     $ 9,788  
 
                  
 
                        
Fixed charges (a)
                        
Interest expense
   $ 7,634     $ 8,630     $ 7,818  
Rents
     14       22       24  
 
                  
Total fixed charges
   $ 7,648     $ 8,652     $ 7,842  
 
                  
 
                        
Ratio of earnings to fixed charges
     (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.

 

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