EX-12 2 c88735exv12.htm EXHIBIT 12 Exhibit 12
Exhibit 12
FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                 
    First Half     For the Years Ended December 31,  
    2009     2008     2007     2006  
            (in millions)          
Earnings
                                
Income/(Loss) before income taxes
   $ 610     $ (2,559 )   $ 1,215     $ 1,953  
Less: Equity in net income/(loss) of affiliated companies
     —       8       14       7  
Fixed charges
     2,716       7,648       8,652       7,842  
 
                        
Earnings before fixed charges
   $ 3,326     $ 5,081     $ 9,853     $ 9,788  
 
                        
 
                                
Fixed charges (a)
                                
Interest expense
   $ 2,710     $ 7,634     $ 8,630     $ 7,818  
Rents
     6       14       22       24  
 
                        
Total fixed charges
   $ 2,716     $ 7,648     $ 8,652     $ 7,842  
 
                        
 
                                
Ratio of earnings to fixed charges
     1.22       (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.