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,
  
   
2009
  
2008
  
           
Earnings:
          
           
Income before income taxes
  
$
468
  
$
741
  
           
Add:
          
  Interest and other fixed charges, excluding capitalized interest
  
198
a
134
  
           
        Reasonable approximation of portion of rent under long-term operating leases
          
           representative of an interest factor
  
69
  
70
  
           
        Distributed income of investees accounted for under the equity method
  
2
  
1
  
           
        Amortization of capitalized interest
  
1
  
1
  
           
Less: Equity in earnings of investments accounted for
          
        under the equity method
  
1
  
2
  
           
           
Total earnings available for fixed charges
  
 $
737
  
$
945
  
           
Fixed charges:
          
           
Interest and fixed charges
  
$
202
a
$
139
  
           
Reasonable approximation of portion of rent under long-term operating leases
          
representative of an interest factor
  
69
  
70
  
           
Total fixed charges
  
$
271
  
$
209
  
           
Ratio of earnings to fixed charges
  
2.72x
  
4.52x
  
           
a Includes a $43 million loss for interest rate hedges on debt whose issuance is no longer considered probable (see Note 2 to the Consolidated Financial Statements).
  
 
 
 
 

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