EX-12.1 5 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES dex121.htm
Exhibit 12.1
 
Burlington Northern Santa Fe, LLC and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
 
In millions, except ratio amounts
(Unaudited)
 
   
Successor
  
Predecessor
   
February 13
 – December
31, 2010
  
January 1 – February 12,
2010
  
2009
  
2008
  
2007
  
2006
                                     
Earnings:
                                    
Income before income taxes
 
$
3,611
  
$
377
  
$
2,641
  
$
3,368
  
$
2,957
  
$
2,996
Add:
                                    
Interest and other fixed charges, excluding capitalized interest
    
435
    
72
    
613
    
533
    
511
    
485
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
    
225
    
35
    
268
    
278
    
282
    
261
Distributed income of investees accounted for under the equity method
    
5
    
−
    
5
    
5
    
4
    
3
Amortization of capitalized interest
    
−
    
1
    
4
    
5
    
4
    
4
Less:
                                    
Equity in earnings of investments accounted for under the equity method
    
15
    
1
    
12
    
13
    
19
    
27
Total earnings available for fixed charges
  
$
4,261
  
$
484
  
$
3,519
  
$
4,176
  
$
3,739
  
$
3,722
Fixed charges:
                                    
Interest and fixed charges
  
$
448
  
$
73
  
$
631
  
$
550
  
$
528
  
$
499
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
    
225
    
35
    
268
    
278
    
282
    
261
Total fixed charges
  
$
673
  
$
108
  
$
899
  
$
828
  
$
810
  
$
760
Ratio of earnings to fixed charges
    
6.33x
    
4.48x
    
3.91x
    
5.04x
    
4.62x
    
4.90x