EX-12.1 3 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES dex121.htm



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,
  
   
2008
  
2007
  
           
Earnings:
          
           
Income before income taxes
  
$
741
  
$
568
  
           
Add:
          
Interest and other fixed charges, excluding capitalized interest
  
134
  
121
  
           
Reasonable approximation of portion of rent under long-term operating leases
          
representative of an interest factor
  
70
  
69
  
           
Distributed income of investees accounted for under the equity method
  
1
  
1
  
           
Amortization of capitalized interest
  
1
  
–
  
           
Less:  Equity in earnings of investments accounted for
          
under the equity method
  
2
  
3
  
           
           
Total earnings available for fixed charges
  
 $
945
  
$
756
  
           
Fixed charges:
          
           
Interest and fixed charges
  
$
139
  
$
123
  
           
Reasonable approximation of portion of rent under long-term operating leases
          
representative of an interest factor
  
70
  
69
  
           
Total fixed charges
  
$
209
  
$
192
  
           
Ratio of earnings to fixed charges
  
4.52x
  
3.94x
  
           
   
 
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