EX-12.1 2 railwayratioofearningstofi.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Railway Ratio of Earnings to Fixed Charges (Exhibit 12.1) -9/30/12


Exhibit 12.1

BNSF RAILWAY COMPANY and SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
(Unaudited)
 
 
Nine Months Ended September 30,
 
 
2012
 
2011
Earnings:
 
 
 
 
   Income before income taxes
$
4,322

$
3,639

      Add:
 
 
 
 
          Interest and other fixed charges, excluding capitalized interest
 
42

 
58

          Reasonable approximation of portion of rent under long-term operating
          leases representative of an interest factor
 
148

 
184

          Distributed income of investees accounted for under the equity method
 
5

 
4

          Amortization of capitalized interest
 
1

 
—

     Less:
 
 
 
 
          Equity in earnings of investments accounted for under the equity method
 
10

 
13

   Total earnings available for fixed charges
$
4,508

$
3,872

Fixed charges:
 
 
 
 
   Interest and fixed charges
$
60

$
70

   Reasonable approximation of portion of rent under long-term operating leases
   representative of an interest factor
 
148

 
184

   Total fixed charges
$
208

$
254

Ratio of earnings to fixed charges
 
21.67x

 
15.24x





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