EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES dex121.htm


Exhibit 12.1

BNSF RAILWAY COMPANY and SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
(Unaudited)

   
Successor
  
Predecessor
   
February 13 –
March 31, 2010
  
January 1 –
February 12, 2010
  
Three Months
Ended
March 31, 2009
Earnings:
                  
Income before income taxes
  
$
517
  
$
482
  
$
616
Add:
                  
Interest and other fixed charges, excluding capitalized interest
    
15
    
16
    
42
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
    
34
    
35
    
69
Distributed income of investees accounted for under the equity method
    
1
    
−
    
2
Amortization of capitalized interest
    
−
    
1
    
1
Less:
                  
Equity in earnings of investments accounted for under the equity method
    
2
    
2
    
1
Total earnings available for fixed charges
  
$
565
  
$
532
  
$
729
Fixed charges:
                  
Interest and fixed charges
  
$
17
  
$
17
  
$
46
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
    
34
    
35
    
69
Total fixed charges
  
$
51
  
$
52
  
$
115
Ratio of earnings to fixed charges
    
11.08x
    
10.23x
    
6.34x

 
 
 

 
 
E-2