Attached files
file | filename |
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10-Q - FORD MOTOR CREDIT COMPANY LLC 10-Q - FORD MOTOR CREDIT CO LLC | a6280275.htm |
EX-15 - EXHIBIT 15 - FORD MOTOR CREDIT CO LLC | a6280275ex15.htm |
EX-31.1 - EXHIBIT 31.1 - FORD MOTOR CREDIT CO LLC | a6280275ex311.htm |
EX-31.2 - EXHIBIT 31.2 - FORD MOTOR CREDIT CO LLC | a6280275ex312.htm |
EX-32.1 - EXHIBIT 32.1 - FORD MOTOR CREDIT CO LLC | a6280275ex321.htm |
EX-32.2 - EXHIBIT 32.2 - FORD MOTOR CREDIT CO LLC | a6280275ex322.htm |
Exhibit 12
First
Quarter |
For the Years Ended December 31,
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2010
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2009
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2008
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2007
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(in millions)
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Earnings
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Income/(Loss) before income taxes
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$ | 828 | $ | 2,001 | $ | (2,559 | ) | $ | 1,215 | |||||||
Less: Equity in net income of affiliated companies
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4 | 1 | 8 | 14 | ||||||||||||
Fixed charges
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1,130 | 5,174 | 7,648 | 8,652 | ||||||||||||
Earnings before fixed charges
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$ | 1,954 | $ | 7,174 | $ | 5,081 | $ | 9,853 | ||||||||
Fixed charges (a)
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Interest expense
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$ | 1,127 | $ | 5,162 | $ | 7,634 | $ | 8,630 | ||||||||
Rents
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3 | 12 | 14 | 22 | ||||||||||||
Total fixed charges
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$ | 1,130 | $ | 5,174 | $ | 7,648 | $ | 8,652 | ||||||||
Ratio of earnings to fixed charges
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1.73 | 1.39 |
(b)
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1.14 | ||||||||||||
(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).
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(b) |
Earnings inadequate to cover fixed charges by $2,567 million.
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