EX-12.1 2 bnsfrail-12312011x10kex121.htm RATIO OF EARNINGS TO FIXED CHARGES BNSF Rail-12.31.2011-10K EX. 12.1


Exhibit 12.1
 
 
 
 
 

BNSF Railway Company and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
In millions, except ratio amounts
(Unaudited)
 
 
 
Successor
 
Predecessor
 
 
 
2011
 
February 13 -
December 31,
2010
 
January 1 -
February 12,
 2010
 
2009
 
2008
 
2007
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
5,220

 
$
3,899

 
$
482

 
$
3,081

 
$
3,800

 
$
3,583

Add:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest and other fixed charges, excluding capitalized interest
 
 
73

 
 
72

 
 
16

 
 
124

 
 
97

 
 
87

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
 
249

 
 
225

 
 
35

 
 
267

 
 
278

 
 
282

Distributed income of investees accounted for under the equity method
 
 
6

 
 
5

 
 
−

 
 
5

 
 
5

 
 
4

Amortization of capitalized interest
 
 
1

 
 
−

 
 
1

 
 
4

 
 
5

 
 
4

Less:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of investments accounted for under the equity method
 
 
15

 
 
15

 
 
1

 
 
12

 
 
13

 
 
19

     Total earnings available for fixed charges
 
$
5,534

 
$
4,186

 
$
533

 
$
3,469

 
$
4,172

 
$
3,941

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest and fixed charges
 
$
93

 
$
85

 
$
17

 
$
142

 
$
114

 
$
104

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
 
249

 
 
225

 
 
35

 
 
267

 
 
278

 
 
282

     Total fixed charges
 
$
342

 
$
310

 
$
52

 
$
409

 
$
392

 
$
386

Ratio of earnings to fixed charges
 
 
16.18x

 
 
13.50x

 
 
10.25x

 
 
8.48x

 
 
10.64x

 
 
10.21x



E-2