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,
   
2008
  
2007
  
2006
  
2005
  
2004
                               
Earnings:
                              
Income before income taxes
  
$
3,368
  
$
2,957
  
$
2,996
  
$
2,453
  
$
1,296
 Add:
                              
 Interest and other fixed charges, excluding capitalized interest
    
533
    
511
    
485
    
437
    
409
 Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
    
278
    
282
    
261
    
221
    
195
 Distributed income of investees accounted for under the equity method
    
5
    
4
    
3
    
4
    
4
         Amortization of capitalized interest      5      4      4     8      8
   Less:
                              
  Equity in earnings of investments accounted for under the
                equity method
    
13
    
19
    
27
    
15
    
9
 Total earnings available for fixed charges
  
$
4,176
  
$
3,739
  
$
3,722
  
$
3,108
  
$
1,903
Fixed charges:
                              
 Interest and fixed charges
  
$
550
  
$
528
  
$
499
  
$
450
  
$
419
   Reasonable approximation of portion of rent under long-term 
         operating leases representative of an interest factor
    
278
    
282
    
261
    
221
    
195
 Total fixed charges
  
$
828
  
$
810
  
$
760
  
$
671
  
$
614
Ratio of earnings to fixed charges
    
5.04x
    
4.62x
    
4.90x
    
4.63x
    
3.10x