EX-12 2 c74398exv12.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 Half     For the Years Ended December 31,  
    2008     2007     2006     2005  
        (in millions)      
Earnings
                                
Income/(Loss) before income taxes
   $ (2,348 )   $ 1,215     $ 1,953     $ 2,923  
Less: Equity in net income/(loss) of affiliated companies
     2       14       7       11  
Fixed charges
     3,901       8,652       7,842       6,642  
 
                        
Earnings before fixed charges
   $ 1,551     $ 9,853     $ 9,788     $ 9,554  
 
                        
 
Fixed charges (a)
                                
Interest expense
   $ 3,893     $ 8,630     $ 7,818     $ 6,616  
Rents
     8       22       24       26  
 
                        
Total fixed charges
   $ 3,901     $ 8,652     $ 7,842     $ 6,642  
 
                        
 
Ratio of earnings to fixed charges
     (b )     1.14       1.25       1.44  
     
(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 $2,350 million.