Attached files
| file | filename |
|---|---|
| 10-K - FORD MOTOR CREDIT COMPANY LLC 10-K - FORD MOTOR CREDIT CO LLC | a6623968.htm |
| EX-23 - EXHIBIT 23 - FORD MOTOR CREDIT CO LLC | a6623968ex23.htm |
| EX-24 - EXHIBIT 24 - FORD MOTOR CREDIT CO LLC | a6623968ex24.htm |
| EX-32.2 - EXHIBIT 32.2 - FORD MOTOR CREDIT CO LLC | a6623968ex32-2.htm |
| EX-32.1 - EXHIBIT 32.1 - FORD MOTOR CREDIT CO LLC | a6623968ex32-1.htm |
| EX-31.1 - EXHIBIT 31.1 - FORD MOTOR CREDIT CO LLC | a6623968ex31-1.htm |
| EX-31.2 - EXHIBIT 31.2 - FORD MOTOR CREDIT CO LLC | a6623968ex31-2.htm |
Exhibit 12
FORD MOTOR CREDIT COMPANY LLC AND SUBSIDIARIES
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
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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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(in millions)
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Earnings
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Income/(Loss) before income taxes
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$ | 3,054 | $ | 2,001 | $ | (2,559 | ) | |||||
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Less: Equity in net income of affiliated companies
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12 | 1 | 8 | |||||||||
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Fixed charges
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4,233 | 5,174 | 7,648 | |||||||||
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Earnings before fixed charges
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$ | 7,275 | $ | 7,174 | $ | 5,081 | ||||||
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Fixed charges (a)
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Interest expense
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$ | 4,222 | $ | 5,162 | $ | 7,634 | ||||||
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Rents
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11 | 12 | 14 | |||||||||
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Total fixed charges
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$ | 4,233 | $ | 5,174 | $ | 7,648 | ||||||
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Ratio of earnings to fixed charges
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1.72 | 1.39 |
(b
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) | ||||||||
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(a)
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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)
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Earnings inadequate to cover fixed charges by $2,567 million.
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12-1