EX-12.1 2 bnsfrailway12312012x10kex121.htm RATIO OF EARNINGS TO FIXED CHARGES BNSF Railway-12.31.2012-10K 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
 
 
2012
 
2011
 
February 13 - December 31, 2010
 
January 1 - February 12, 2010
 
2009
 
2008
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
5,954

 
$
5,220

 
$
3,899

 
$
482

 
$
3,081

 
$
3,800

Add:
 
 
 
 
 
 
 
 
 
 
 
 
Interest and other fixed charges, excluding capitalized interest
 
55

 
73

 
72

 
16

 
124

 
97

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
196

 
249

 
225

 
35

 
267

 
278

Distributed income of investees accounted for under the equity method
 
6

 
6

 
5

 
—

 
5

 
5

Amortization of capitalized interest
 
1

 
1

 
—

 
1

 
4

 
5

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of investments accounted for under the equity method
 
14

 
15

 
15

 
1

 
12

 
13

     Total earnings available for fixed charges
 
$
6,198

 
$
5,534

 
$
4,186

 
$
533

 
$
3,469

 
$
4,172

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest and fixed charges
 
$
79

 
$
93

 
$
85

 
$
17

 
$
142

 
$
114

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
196

 
249

 
225

 
35

 
267

 
278

     Total fixed charges
 
$
275

 
$
342

 
$
310

 
$
52

 
$
409

 
$
392

Ratio of earnings to fixed charges
 
22.54x

 
16.18x

 
13.50x

 
10.25x

 
8.48x

 
10.64x



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