EX-12.A 2 unp-20180930xex12_a.htm EX-12.A EX-12(A)

Exhibit 12(a)



RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies





 

 

 

 



 

 

 

 

Millions, Except for Ratios

 

 

 

 

for the Three Months Ended September 30,

 2018  2017 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

 241 

$

 180 

  Portion of rentals representing an interest factor

 

 19 

 

 19 

Total fixed charges

$

 260 

$

 199 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

 1,593 

$

 1,194 

  Equity earnings net of distributions

 

 (16)

 

 (38)

  Income taxes

 

 483 

 

 789 

  Fixed charges

 

 260 

 

 199 

Earnings available for fixed charges

$

 2,320 

$

 2,144 

Ratio of earnings to fixed charges

 

 8.9 

 

 10.8