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)
 
 
Three Months Ended March 31,
 
 
2016
 
2015
Earnings:
 
 
 
 
   Income before income taxes
$
1,545

$
2,018

      Add:
 
 
 
 
          Interest and other fixed charges, excluding capitalized interest
 
13

 
6

          Reasonable approximation of portion of rent under long-term operating
          leases representative of an interest factor
 
48

 
50

          Distributed income of investees accounted for under the equity method
 
2

 
2

          Amortization of capitalized interest
 
1

 
1

     Less:
 
 
 
 
          Equity in earnings of investments accounted for under the equity method
 
1

 
3

   Total earnings available for fixed charges
$
1,608

$
2,074

Fixed charges:
 
 
 
 
   Interest and fixed charges
$
19

$
16

   Reasonable approximation of portion of rent under long-term operating leases
   representative of an interest factor
 
48

 
50

   Total fixed charges
$
67

$
66

Ratio of earnings to fixed charges
 
24.00x

 
31.42x





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