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

BURLINGTON NORTHERN SANTA FE CORPORATION and SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
(Unaudited)


   
Three Months Ended
March 31,
  
   
2007
    
2006
  
         
(As Adjusted)a
  
             
Earnings:
            
             
Income before income taxes
   $
568
     $
663
  
                 
Add:
                
Interest and other fixed charges, excluding capitalized interest
    
121
      
121
  
                 
Reasonable approximation of portion of rent under long-term operating leases
                
representative of an interest factor
    
69
      
62
  
                 
Distributed income of investees accounted for under the equity method
    
1
      
–
  
                 
Amortization of capitalized interest
    
–
      
1
  
                 
Less:  Equity in earnings of investments accounted for
                
under the equity method
    
3
      
4
  
                 
                 
Total earnings available for fixed charges
   $
756
     $
843
  
                 
Fixed charges:
                
                 
Interest and fixed charges
   $
123
     $
124
  
                 
Reasonable approximation of portion of rent under long-term operating leases
                
representative of an interest factor
    
69
      
62
  
                 
Total fixed charges
   $
192
     $
186
  
                 
Ratio of earnings to fixed charges
    
3.94x
      
4.53x
  
                 
 
aPrior 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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