EX-12.1 2 railwayratio93017-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)
 
 
Nine Months Ended September 30,
 
 
2017
 
2016
Earnings:
 
 
 
 
   Income before income taxes
$
5,513

$
4,945

      Add:
 
 
 
 
          Interest and other fixed charges, excluding capitalized interest
 
31

 
39

          Reasonable approximation of portion of rent under long-term operating
          leases representative of an interest factor
 
138

 
143

          Distributed income of investees accounted for under the equity method
 
7

 
4

          Amortization of capitalized interest
 
4

 
3

     Less:
 
 
 
 
          Equity in earnings of investments accounted for under the equity method
 
25

 
10

   Total earnings available for fixed charges
$
5,668

$
5,124

Fixed charges:
 
 
 
 
   Interest and fixed charges
$
48

$
59

   Reasonable approximation of portion of rent under long-term operating leases
   representative of an interest factor
 
138

 
143

   Total fixed charges
$
186

$
202

Ratio of earnings to fixed charges
 
30.47x

 
25.37x





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