Daimler Chrysler Corp – ‘10-K405’ for 12/31/97 – EX-12

As of:  Friday, 1/23/98   ·   For:  12/31/97   ·   Accession #:  950124-98-347   ·   File #:  1-09161

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Annual Report — [x] Reg. S-K Item 405   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K405     Annual Report -- [x] Reg. S-K Item 405               125±   548K 
 2: EX-12       Computation of Earnings                                2±     9K 
 3: EX-21       Subsidiaries                                           5     30K 
 4: EX-23       Consent of Deloitte & Touche LLP                       2±     8K 
 5: EX-24       Powers of Attorney                                    12     23K 
 6: EX-27       Financial Data Schedule                                1      6K 

EX-12   —   Computation of Earnings

EX-12
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                                                                EXHIBIT 12

CHRYSLER CORPORATION AND CONSOLIDATED SUBSIDIARIES  
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK   
DIVIDEND REQUIREMENTS   

                                                        [Enlarge/Download Table]

                                                                              YEAR ENDED DECEMBER 31             
                                                           ------------------------------------------------------
                                                            1997        1996        1995         1994       1993 
                                                           ------      ------      ------       ------     ------
                                                                          (IN MILLIONS OF DOLLARS)               
                                                                                                                 
Net earnings before extraordinary item and                                                                       
    cumulative effect of changes in accounting                                                                   
    principles............................................ $2,805      $3,720      $2,121       $3,713     $2,415
    Add back:                                                                                                    
       Taxes on income....................................  1,752       2,372       1,328        2,117      1,423
       Fixed charges......................................  1,379       1,339       1,359        1,267      1,433
       Amortization of previously capitalized interest....    114         111         103           87         94
    Deduct:                                                                                                      
       Capitalized interest...............................    194         156         204          177        176
       Undistributed earnings from less than fifty-                                                              
        percent owned affiliates..........................     --          14          18           15          2
                                                           ------      ------      ------       ------     ------
Earnings available for fixed charges...................... $5,856      $7,372      $4,689       $6,992     $5,187
                                                           ------      ------      ------       ------     ------

Fixed charges:                                                                                                   
    Interest expense...................................... $1,006      $1,007      $  995       $  937     $1,104
    Capitalized interest..................................    194         156         204          177        176
    Credit line commitment fees...........................      8          15          10           10         10
    Interest portion of rent expense......................    171         161         150          143        143
                                                           ------      ------      ------       ------     ------
Total fixed charges....................................... $1,379      $1,339      $1,359       $1,267     $1,433
                                                           ------      ------      ------       ------     ------

Ratio of earnings to fixed charges........................   4.25        5.51        3.45         5.52       3.62
                                                           ======      ======      ======       ======     ======

Preferred stock dividend requirements..................... $    1      $    5      $   33       $  125     $  127
                                                           ======      ======      ======       ======     ======

Ratio of earnings to fixed charges and preferred                                                                 
    stock dividend requirements...........................   4.24        5.49        3.37         5.02       3.33
                                                           ======      ======      ======       ======     ======

NOTE:    The ratio of earnings to fixed charges is computed by dividing Earnings
  available for fixed charges by Total fixed charges. The ratio of
        earnings to fixed charges and preferred stock dividend requirements is
         computed by dividing Earnings available for fixed charges by the sum of
Total fixed charges and Preferred stock dividend requirements.