EX-12.1 17 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)
 
   
Year ended December 31,
  
   
2007
  
2006
  
2005
  
2004
  
2003
  
Earnings:
        
(As Adjusted
)a
(As Adjusted
)a
(As Adjusted
)a
(As Adjusted
)a
Income before income taxes and cumulative effect of accounting changea
  
$
2,957
  
$
2,996
  
$
2,453
  
$
1,296
  
$
1,241
  
Add:
                                
Interest and other fixed charges, excluding capitalized interest
    
511
    
485
    
437
    
409
    
420
  
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
    
282
    
261
    
221
    
195
    
182
  
Distributed income of investees accounted for under the equity method
    
4
    
3
    
4
    
4
    
3
  
        Amortization of capitalized interest     4     4     8     8     8  
 Less:
                                
 Equity in earnings of investments accounted for under
              the equity method
    
19
    
27
    
15
    
9
    
14
  
 Total earnings available for fixed charges
  
$
3,739
  
$
3,722
  
$
3,108
  
$
1,903
  
$
1,840
  
Fixed charges:
                                
 Interest and fixed charges
  
$
528
  
$
499
  
$
450
  
$
419
  
$
429
  
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
    
282
    
261
    
221
    
195
    
182
  
Total fixed charges
  
$
810
  
$
760
  
$
671
  
$
614
  
$
611
  
Ratio of earnings to fixed charges
    
4.62x
    
4.90x
    
4.63x
    
3.10x
    
3.01x
  
a  Prior year numbers have been adjusted for the retrospective adoption of Financial Accounting Standards Board (FASB) Staff Position (FSP)  AUG AIR-1, Accounting for Planned Major Maintenance Activities. See Note 2 to the Consolidated Financial Statements for additional information.