EX-12.1 2 railwayratioofearningstofi.htm RATIO OF EARNINGS TO FIXED CHARGES Railway Ratio of Earnings to Fixed Charges (Exhibit 12.1) - 9/30/2014


Exhibit 12.1

BNSF RAILWAY COMPANY and SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
(Unaudited)
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Earnings:
 
 
 
 
   Income before income taxes
$
4,935

$
4,798

      Add:
 
 
 
 
          Interest and other fixed charges, excluding capitalized interest
 
34

 
45

          Reasonable approximation of portion of rent under long-term operating
          leases representative of an interest factor
 
148

 
142

          Distributed income of investees accounted for under the equity method
 
5

 
5

          Amortization of capitalized interest
 
2

 
1

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

 
10

   Total earnings available for fixed charges
$
5,111

$
4,981

Fixed charges:
 
 
 
 
   Interest and fixed charges
$
56

$
68

   Reasonable approximation of portion of rent under long-term operating leases
   representative of an interest factor
 
148

 
142

   Total fixed charges
$
204

$
210

Ratio of earnings to fixed charges
 
25.05x

 
23.72x





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