EX-12.1 3 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,
  
     
2008
      
2007
  
           
(As Adjusted)a
  
             
Earnings:
            
             
Income before income taxes
   $ 2,718     $ 2,616  
                 
Add:
                
Interest and other fixed charges, excluding capitalized interest
     70       68  
                 
Reasonable approximation of portion of rent under long-term operating leases
                
representative of an interest factor
     207       211  
                 
Distributed income of investees accounted for under the equity method
     4       3  
                 
Amortization of capitalized interest
     3       2  
                 
Less:  Equity in earnings of investments accounted for
                
under the equity method
     15       15  
                 
                 
Total earnings available for fixed charges
   $ 2,987     $ 2,885  
                 
Fixed charges:
                
                 
Interest and fixed charges
   $ 83     $ 80  
                 
Reasonable approximation of portion of rent under long-term operating leases
                
representative of an interest factor
     207       211  
                 
Total fixed charges
   $ 290     $ 291  
                 
Ratio of earnings to fixed charges
     10.30x       9.91x  
a Prior year numbers have been adjusted for the merger of BNSF Acquisition, Inc. with and into BNSF Railway Company. See Note 1 to the
 Consolidated Financial Statements for additional information.
  
 
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