EX-12 2 c70474exv12.htm EXHIBIT 12 Filed by Bowne Pure Compliance
 

Exhibit 12
FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                 
    First Quarter     For the Years Ended December 31,  
    2007     2006     2005     2004  
            (in millions)          
Earnings
                                
Income from continuing operations before income taxes
   $ 294     $ 1,953     $ 2,923     $ 3,710  
Less: Equity in net income/(loss) of affiliated companies
     6       7       11       (2 )
Fixed charges
     2,156       7,842       6,642       6,764  
 
                        
Earnings before fixed charges
   $ 2,444     $ 9,788     $ 9,554     $ 10,476  
 
                        
 
                                
Fixed charges
                                
Interest expense
   $ 2,149     $ 7,818     $ 6,616     $ 6,733  
Rents
     7       24       26       31  
 
                        
Total fixed charges
   $ 2,156     $ 7,842     $ 6,642     $ 6,764  
 
                        
 
                                
Ratio of earnings to fixed charges
     1.13       1.25       1.44       1.55  
For purposes of our ratio, earnings consist of the sum of pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries, less equity in net income or loss of affiliated companies, plus fixed charges. Fixed charges consist 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).

 

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