EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES dex121.htm


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,
  
2007
    
2006
  
         
(As Adjusted)a
  
Earnings:
            
             
Income before income taxes
   $
2,613
     $
2,588
  
                 
Add:
                
Interest and other fixed charges, excluding capitalized interest
    
68
      
91
  
                 
Reasonable approximation of portion of rent under long-term operating leases
                
representative of an interest factor
    
211
      
193
  
                 
Distributed income of investees accounted for under the equity method
    
3
      
3
  
                 
Amortization of capitalized interest
    
2
      
3
  
                 
Less:  Equity in earnings of investments accounted for
                
under the equity method
    
15
      
16
  
                 
                 
Total earnings available for fixed charges
   $
2,882
     $
2,862
  
                 
Fixed charges:
                
                 
Interest and fixed charges
   $
80
     $
102
  
                 
Reasonable approximation of portion of rent under long-term operating leases
                
representative of an interest factor
    
211
      
193
  
                 
Total fixed charges
   $
291
     $
295
  
                 
Ratio of earnings to fixed charges
    
9.90x
      
9.70x
  
 
a Prior year numbers have been adjusted for the retrospective adoption of FSP AUG AIR-1, Accounting for Planned Major Maintenance Activities. See Note 1 of the Consolidated Financial Statements for additional information.
 
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