Daimler Chrysler Corp – ‘10-K’ for 12/31/96 – EX-12

As of:  Tuesday, 1/21/97   ·   For:  12/31/96   ·   Accession #:  950124-97-176   ·   File #:  1-09161

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         90    532K 
 2: EX-10.(B)3  Material Contract                                     75    143K 
 3: EX-11       Statement re: Computation of Earnings Per Share        2±    10K 
 4: EX-12       Statement re: Computation of Ratios                    2±    10K 
 5: EX-21       Subsidiaries of the Registrant                         5     29K 
 6: EX-23       Consent of Experts or Counsel                          1      9K 
 7: EX-24       Power of Attorney                                     14     26K 
 8: EX-27       Financial Data Schedule (Pre-XBRL)                     1      9K 

EX-12   —   Statement re: Computation of Ratios

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             
                                                     -----------------------------------------------
                                                      1996      1995      1994      1993      1992  
                                                     ------    ------    ------    ------    -------
                                                                (IN MILLIONS OF DOLLARS)            
                                                                                                    
Net earnings before extraordinary item and                                                          
  cumulative effect of changes in accounting                                                        
  principles........................................ $3,720    $2,121    $3,713    $2,415    $  505 
  Add back:                                                                                         
     Taxes on income................................  2,372     1,328     2,117     1,423       429 
     Fixed charges..................................  1,339     1,359     1,267     1,433     1,732 
     Amortization of previously capitalized                                                         
       interest.....................................    111       103        87        94        87 
  Deduct:                                                                                           
     Capitalized interest...........................    156       204       177       176       176 
     Undistributed earnings from less than                                                          
       fifty-percent owned affiliates...............     14        18        15         2         7 
                                                     ------    ------    ------    ------    ------ 
Earnings available for fixed charges................ $7,372    $4,689    $6,992    $5,187    $2,570 
                                                     ------    ------    ------    ------    ------ 
Fixed charges:                                                                                      
  Interest expense.................................. $1,007    $  995    $  937    $1,104    $1,405 
  Capitalized interest..............................    156       204       177       176       176 
  Credit line commitment fees.......................     15        10        10        10        10 
  Interest portion of rent expense..................    161       150       143       143       139 
  Gross-up of preferred stock dividends of                                                          
     majority-owned subsidiaries (CFC) to a pretax                                                  
     basis..........................................     --        --        --        --         2 
                                                     ------    ------    ------    ------    ------ 
Total fixed charges................................. $1,339    $1,359    $1,267    $1,433    $1,732 
                                                     ------    ------    ------    ------    ------ 
Ratio of earnings to fixed charges..................   5.51      3.45      5.52      3.62      1.48 
                                                     ======    ======    ======    ======    ====== 
  Preferred stock dividend requirements............. $    5    $   33    $  125    $  127    $  128 
                                                     ======    ======    ======    ======    ====== 
Ratio of earnings to fixed charges and preferred                                                    
  stock dividend requirements.......................   5.49      3.37      5.02      3.33      1.38 
                                                     ======    ======    ======    ======    ====== 
Equity taken up in earnings of less than                                                            
  fifty-percent owned affiliates.................... $   14    $   18    $   15    $    2    $   11 
Deduct:                                                                                             
  Dividends paid by affiliates......................     --        --        --        --         4 
                                                     ------    ------    ------    ------    ------ 
Undistributed earnings from less than fifty-percent                                                 
  owned affiliates.................................. $   14    $   18    $   15    $    2    $    7 
                                                     ======    ======    ======    ======    ====== 

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.