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 –
June 30, 2010
  
January 1 –
February 12, 2010
  
Six Months Ended
June 30, 2009
Earnings:
                  
Income before income taxes
  
$
1,575
  
$
482
  
$
1,373
Add:
                  
Interest and other fixed charges, excluding capitalized interest
    
31
    
16
    
77
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
    
100
    
35
    
136
Distributed income of investees accounted for under the equity method
    
3
    
−
    
3
Amortization of capitalized interest
    
−
    
1
    
3
Less:
                  
Equity in earnings of investments accounted for under the equity method
    
7
    
1
    
3
Total earnings available for fixed charges
  
$
1,702
  
$
533
  
$
1,589
Fixed charges:
                  
Interest and fixed charges
  
$
36
  
$
17
  
$
86
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
    
100
    
35
    
136
Total fixed charges
  
$
136
  
$
52
  
$
222
Ratio of earnings to fixed charges
    
12.51x
    
10.25x
    
7.16x





 
 
E-2