EX-12 4 k26359exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
GMAC LLC
 
RATIO OF EARNINGS TO FIXED CHARGES
 
                         
        Three months ended
 		   
        March 31,    
     
($ in millions)       2008   2007    
 
Earnings
                       
Consolidated net loss
        ($589 )     ($305 )    
Provision for income taxes
        18       150      
Equity-method investee distribution
        25       27      
Equity-method investee earnings
        (39 )     (58 )    
Minority interest expense
        —       1      
 
 
Consolidated loss before income taxes, minority interest and income or loss from equity investees
        (585 )     (185 )    
Fixed charges
        3,238       3,744      
 
 
Earnings available for fixed charges
        2,653       3,559      
Fixed charges
                       
Interest, discount, and issuance expense on debt
        3,221       3,725      
Portion of rentals representative of the interest factor
        17       19      
 
 
Total fixed charges
        $3,238       $3,744      
Ratio of earnings to fixed charges (a)
        0.82       0.95      
(a)  The ratio calculation indicates a less than one-to-one coverage for the three months ended March 31, 2008 and 2007. Earnings available for fixed charges for the three months ended March 31, 2008 and 2007, were inadequate to cover total fixed charges. The deficit amount for the ratio was $585 million and $185 million for the three months ended March 31, 2008 and 2007, respectively.