EX-12.(A) 2 dex12a.htm RATIO OF EARNINGS TO FIXED CHARGES FOR 3 MONTHS ENDED 6/30/2009 Ratio of Earnings to Fixed Charges for 3 months ended 6/30/2009

Exhibit 12(a)

RATIO OF EARNINGS TO FIXED CHARGES

Union Pacific Corporation and Subsidiary Companies (Unaudited)

 

      Three Months Ended
June 30,
Millions of Dollars, Except for Ratios    2009    2008

Fixed charges:

      

Interest expense including amortization of debt discount

    $ 150     $ 128 

Portion of rentals representing an interest factor

      41       59 

Total fixed charges

    $ 191     $ 187 

Earnings available for fixed charges:

      

Net income

    $ 468     $ 531 

Equity earnings net of distributions

      (11)      (17)

Income taxes

      268       291 

Fixed charges

      191       187 

Earnings available for fixed charges

    $ 916     $ 992 

Ratio of earnings to fixed charges

      4.8       5.3