EX-12.1 2 bnsfrail-93011xex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges (Exhibit 12.1)- Rail


Exhibit 12.1

BNSF RAILWAY COMPANY and SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
(Unaudited)
 
 
Successor
 
Predecessor
 
 
Nine Months
Ended
 
February 13 -
September 30,
2010
 
January 1 -
February 12,
2010
 
 
September 30,
2011
 
 
Earnings:
 
 
 
 
 
 
   Income before income taxes
$
3,639

$
2,778

$
482

      Add:
 
 
 
 
 
 
          Interest and other fixed charges, excluding
               capitalized interest
 
58

 
55

 
16

          Reasonable approximation of portion of rent under
               long-term operating leases representative of an
               interest factor
 
184

 
163

 
35

          Distributed income of investees accounted for under
               the equity method
 
4

 
4

 

          Amortization of capitalized interest
 

 

 
1

     Less:
 
 
 
 
 
 
          Equity in earnings of investments accounted for
               under the equity method
 
13

 
15

 
1

   Total earnings available for fixed charges
$
3,872

$
2,985

$
533

Fixed charges:
 
 
 
 
 
 
   Interest and fixed charges
$
70

$
64

$
17

   Reasonable approximation of portion of rent under long-
          term operating leases representative of an interest
          factor
 
184

 
163

 
35

   Total fixed charges
$
254

$
227

$
52

Ratio of earnings to fixed charges
 
15.24x

 
13.15x

 
10.25x





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