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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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Exhibit 7.
DaimlerChrysler AG and its Consolidated Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
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| Year Ended December 31, |
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(in millions of €, except ratios) |
| 2002 |
| 2003 |
| 2004 |
| 2005 |
| 2006 |
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EARNINGS |
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Income/(loss) from continuing operations before income taxes, minority interests, and cumulative effects of changes in accounting principles |
| 5,925 |
| 596 |
| 3,535 |
| 3,438 |
| 3,993 |
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Add: |
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Fixed charges |
| 4,102 |
| 3,383 |
| 3,199 |
| 4,312 |
| 4,649 |
|
Amortization of previously capitalized interest |
| 134 |
| 119 |
| 107 |
| 104 |
| 97 |
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Dividends received from equity investees |
| 133 |
| 80 |
| 107 |
| 122 |
| 159 |
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Deduct: |
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Capitalized interest |
| (147 | ) | (100 | ) | (70 | ) | (73 | ) | (73 | ) |
(Income)/loss from equity investees |
| 134 |
| 538 |
| 937 |
| (103 | ) | (318 | ) |
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Earnings available for fixed charges |
| 10,281 |
| 4,616 |
| 7,815 |
| 7,800 |
| 8,507 |
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FIXED CHARGES |
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Interest expense |
| 3,709 |
| 3,034 |
| 2,828 |
| 3,924 |
| 4,256 |
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Capitalized interest |
| 147 |
| 100 |
| 70 |
| 73 |
| 73 |
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Interest portion of rent expense 1) |
| 246 |
| 249 |
| 301 |
| 315 |
| 320 |
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Total fixed charges |
| 4,102 |
| 3,383 |
| 3,199 |
| 4,312 |
| 4,649 |
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RATIO OF EARNINGS TO FIXED CHARGES |
| 2.51 |
| 1.36 |
| 2.44 |
| 1.81 |
| 1.83 |
|
1) One third of all rental expenses is deemed to be interest.