EX-12.(A) 2 d380661dex12a.htm RATIO OF EARNINGS TO FIXED CHARGES THREE MONTHS ENDED JUNE 30 RATIO OF EARNINGS TO FIXED CHARGES THREE MONTHS ENDED JUNE 30

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 June 30,

    2012      2011  

Fixed charges:

      

Interest expense including

      

amortization of debt discount

    $ 135       $ 148   

Portion of rentals representing an interest factor

     34         32   

 

Total fixed charges

    $ 169       $ 180   
                   

Earnings available for fixed charges:

      

Net income

    $ 1,002       $ 785   

Equity earnings net of distributions

      (8)         (2)   

Income taxes

      608         485   

Fixed charges

      169         180   

 

Earnings available for fixed charges

    $   1,771       $   1,448   
                   

 

Ratio of earnings to fixed charges

      10.5         8.0   
                   

 

40