EX-12.1 5 dex121.htm 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,
   
2009
  
2008
  
2007
  
2006
  
2005
                               
Earnings:
                              
Income before income taxes
 
$
2,641
  
$
3,368
  
$
2,957
  
$
2,996
  
$
2,453
Add:
                              
Interest and other fixed charges, excluding capitalized interest
    
613
    
533
    
511
    
485
    
437
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
    
268
    
278
    
282
    
261
    
221
Distributed income of investees accounted for under the equity method
    
5
    
5
    
4
    
3
    
4
Amortization of capitalized interest
    
4
    
5
    
4
    
4
    
8
    Less:
                              
Equity in earnings of investments accounted for under the equity method
    
12
    
13
    
19
    
27
    
15
Total earnings available for fixed charges
  
$
3,519
  
$
4,176
  
$
3,739
  
$
3,722
  
$
3,108
Fixed charges:
                              
  Interest and fixed charges
  
$
631
  
$
550
  
$
528
  
$
499
  
$
450
    Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
    
268
    
278
    
282
    
261
    
221
Total fixed charges
  
$
899
  
$
828
  
$
810
  
$
760
  
$
671
Ratio of earnings to fixed charges
    
3.91x
    
5.04x
    
4.62x
    
4.90x
    
4.63x