EX-12.1 2 bni-12312011x10kex121.htm RATIO OF EARNINGS TO FIXED CHARGES BNI-12.31.2011-10K EX. 12.1


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
 
 
 
2011
 
February 13 -
December 31,
2010
 
January 1 -
February 12,
 2010
 
2009
 
2008
 
2007
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
4,741

 
$
3,611

 
$
377

 
$
2,641

 
$
3,368

 
$
2,957

Add:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest and other fixed charges, excluding capitalized interest
 
 
560

 
 
435

 
 
72

 
 
613

 
 
533

 
 
511

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
 
249

 
 
225

 
 
35

 
 
268

 
 
278

 
 
282

Distributed income of investees accounted for under the equity method
 
 
6

 
 
5

 
 
−

 
 
5

 
 
5

 
 
4

Amortization of capitalized interest
 
 
1

 
 
−

 
 
1

 
 
4

 
 
5

 
 
4

Less:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of investments accounted for under the equity method
 
 
15

 
 
15

 
 
1

 
 
12

 
 
13

 
 
19

     Total earnings available for fixed charges
 
$
5,542

 
$
4,261

 
$
484

 
$
3,519

 
$
4,176

 
$
3,739

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest and fixed charges
 
$
580

 
$
448

 
$
73

 
$
631

 
$
550

 
$
528

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
 
249

 
 
225

 
 
35

 
 
268

 
 
278

 
 
282

     Total fixed charges
 
$
829

 
$
673

 
$
108

 
$
899

 
$
828

 
$
810

Ratio of earnings to fixed charges
 
 
6.69x

 
 
6.33x

 
 
4.48x

 
 
3.91x

 
 
5.04x

 
 
4.62x



E-5