EX-12.1 3 dex121.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
EXHIBIT 12.1
 
BURLINGTON NORTHERN SANTA FE CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Millions, Except Ratio Amounts)
(Unaudited)
 
    
Nine Months Ended
September 30,
    
2002
   
2001
Earnings:
              
Income before income taxes and extraordinary charge
   
$
892
   
$
899
Add:
              
Interest and fixed charges excluding capitalized interest
   
 
321
   
 
352
Portion of rent under long-term operating leases representative of an interest factor
   
 
137
   
 
129
Distributed income of investees accounted for under the equity method
   
 
3
   
 
4
Amortization of capitalized interest
   
 
6
   
 
6
Less: Undistributed equity in earnings of investments accounted for under the equity method
   
 
11
   
 
17
    
  
Total earnings available for fixed charges
   
$
1,348
   
$
1,373
    
  
Fixed charges:
              
Interest and fixed charges
   
$
331
   
$
362
Portion of rent under long-term operating leases representative of an interest factor
   
 
137
   
 
129
    
  
Total fixed charges
   
$
468
   
$
491
    
  
Ratio of earnings to fixed charges
   
 
2.88 x
   
 
2.80 x

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