EX-12 2 d272393dex12.htm STATEMENTS REGARDING COMPENSATION

Statements Regarding Compensation

Exhibit 12

Calculation of Ratio of Earnings to Fixed Charges

Archer Daniels Midland Company

Expressed in Thousands

		30-Jun																				FY 2012 YTD Dec’ 11
		2007				2008				2009				2010				2011
Earnings
Earnings Before Income Taxes			3,143,971				2,594,399				2,499,557				2,585,099				3,015,311				780,838
Less: Equity Earnings of Less than 50% Owned Unconsolidated Affiliates			(193,258	)			(284,316	)			55,367				(326,232	)			(396,755	)			(105,529	)
Less: Capitalized Interest Included in Interest Expense Below			(23,558	)			(52,110	)			(94,532	)			(75,060	)			(7,211	)			(8,756	)
Less: Noncontrolling Interest			(3,126	)			(6,103	)			(3,751	)			10,996				17,573				(4,098	)
Total Earnings			2,924,029				2,251,870				2,456,641				2,194,803				2,628,918				662,455
Fixed Charges
Interest Expenses:
Consolidated Interest Expense			447,310				512,922				469,059				421,461				482,298				209,477
Capitalized Interest			23,558				52,110				94,532				75,060				7,211				8,756
Total Interest Expense			470,868				565,032				563,591				496,521				489,509				218,233
Amortization of Debt Discount and Expense			1,793				3,250				3,832				3,805				4,282				2,697
One Third of Rental Expenses			55,187				67,106				72,289				80,682				83,764				39,378
Total Fixed Charges			527,848				635,388				639,712				581,008				577,555				260,308
Earnings Available for Fixed Charges			3,451,877				2,887,258				3,096,353				2,775,811				3,206,473				922,763
Ratio of Earnings to Fixed Charges			6.54				4.54				4.84				4.78				5.55				3.54