EX-12.1 2 railwayratio63017-ex121.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)
 
 
Six Months Ended June 30,
 
 
2017
 
2016
Earnings:
 
 
 
 
   Income before income taxes
$
3,485

$
3,058

      Add:
 
 
 
 
          Interest and other fixed charges, excluding capitalized interest
 
21

 
28

          Reasonable approximation of portion of rent under long-term operating
          leases representative of an interest factor
 
94

 
95

          Distributed income of investees accounted for under the equity method
 
5

 
4

          Amortization of capitalized interest
 
2

 
2

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

 
4

   Total earnings available for fixed charges
$
3,592

$
3,183

Fixed charges:
 
 
 
 
   Interest and fixed charges
$
33

$
41

   Reasonable approximation of portion of rent under long-term operating leases
   representative of an interest factor
 
94

 
95

   Total fixed charges
$
127

$
136

Ratio of earnings to fixed charges
 
28.28x

 
23.40x





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