EX-12.1 2 llc-12312012x10kex121.htm RATIO OF EARNINGS TO FIXED CHARGES LLC - 12.31.2012-10K 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
 
 
2012
 
2011
 
February 13 - December 31, 2010
 
January 1 - February 12, 2010
2009
 
2008
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
5,377

 
$
4,741

 
$
3,611

 
$
377

 
$
2,641

 
$
3,368

Add:
 
 
 
 
 
 
 
 
 
 
 
 
Interest and other fixed charges, excluding capitalized interest
 
623

 
560

 
435

 
72

 
613

 
533

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
197

 
249

 
225

 
35

 
268

 
278

Distributed income of investees accounted for under the equity method
 
6

 
6

 
5

 
−

 
5

 
5

Amortization of capitalized interest
 
1

 
1

 
−

 
1

 
4

 
5

Less:
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of investments accounted for under the equity method
 
14

 
15

 
15

 
1

 
12

 
13

     Total earnings available for fixed charges
 
$
6,190

 
$
5,542

 
$
4,261

 
$
484

 
$
3,519

 
$
4,176

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest and fixed charges
 
$
647

 
$
580

 
$
448

 
$
73

 
$
631

 
$
550

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
197

 
249

 
225

 
35

 
268

 
278

     Total fixed charges
 
$
844

 
$
829

 
$
673

 
$
108

 
$
899

 
$
828

Ratio of earnings to fixed charges
 
7.33x

 
6.69x

 
6.33x

 
4.48x

 
3.91x

 
5.04x



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