EX-12.1 2 railwayratioofearningstofi.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


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,
 
 
2015
 
2014
Earnings:
 
 
 
 
   Income before income taxes
$
5,860

$
4,935

      Add:
 
 
 
 
          Interest and other fixed charges, excluding capitalized interest
 
23

 
34

          Reasonable approximation of portion of rent under long-term operating
          leases representative of an interest factor
 
149

 
148

          Distributed income of investees accounted for under the equity method
 
5

 
5

          Amortization of capitalized interest
 
3

 
2

     Less:
 
 
 
 
          Equity in earnings of investments accounted for under the equity method
 
12

 
13

   Total earnings available for fixed charges
$
6,028

$
5,111

Fixed charges:
 
 
 
 
   Interest and fixed charges
$
51

$
56

   Reasonable approximation of portion of rent under long-term operating leases
   representative of an interest factor
 
149

 
148

   Total fixed charges
$
200

$
204

Ratio of earnings to fixed charges
 
30.14x

 
25.05x





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