EX-12 2 c73199exv12.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,  
    2008     2007     2006     2005  
    (in millions)  
Earnings
                                
Income before income taxes
   $ 36     $ 1,212     $ 1,937     $ 2,900  
Less: Equity in net income/(loss) of affiliated companies
     1       14       7       11  
Fixed charges
     1,985       8,625       7,822       6,622  
 
                        
Earnings before fixed charges
   $ 2,020     $ 9,823     $ 9,752     $ 9,511  
 
                        
 
                                
Fixed charges*
                                
Interest expense
   $ 1,981     $ 8,603     $ 7,798     $ 6,596  
Rents
     4       22       24       26  
 
                        
Total fixed charges
   $ 1,985     $ 8,625     $ 7,822     $ 6,622  
 
                        
 
                                
Ratio of earnings to fixed charges
     1.02       1.14       1.25       1.44  
     
*   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).