EX-12.1 3 dex121.htm COMPUTATION OF RATIO OF EARNINGS Prepared by R.R. Donnelley Financial -- COMPUTATION OF RATIO OF EARNINGS
 
EXHIBIT 12.1
 
THE BURLINGTON NORTHERN AND SANTA FE RAILWAY COMPANY and SUBSIDIARIES
COMPUTATION of RATIO of EARNINGS to FIXED CHARGES
(In Millions, Except Ratio Amounts)
(Unaudited)
 
    
Three Months Ended March 31,
    
2002
   
2001
Earnings:
              
Pre-tax income
   
$
349
   
$
344
Add:
              
Interest and fixed charges,
excluding capitalized interest
   
 
41
   
 
45
Portion of rent under long-term
operating leases representative
of an interest factor
   
 
46
   
 
43
Distributed income of investees
accounted for under the equity method
   
 
1
   
 
2
Amortization of capitalized interest
   
 
2
   
 
2
Less: Undistributed equity in earnings
of investments accounted for
under the equity method
   
 
3
   
 
7
    
  
Total earnings available for fixed charges
   
$
436
   
$
429
    
  
Fixed charges:
              
Interest and fixed charges
   
$
46
   
$
48
Portion of rent under long-term operating leases representative of an interest factor
   
 
46
   
 
43
    
  
Total fixed charges
   
$
92
   
$
91
    
  
Ratio of earnings to fixed charges
   
 
4.74x
   
 
4.71x
 
E-2