EX-12.1 2 llc-12312013x10kex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES LLC - 12.31.2013-10K 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)
 
 
2013a
 
2012a
 
2011a
 
February 13 - December 31, 2010a
 
January 1 - February 12, 2010a
 
2009a
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
5,928

 
$
5,377

 
$
4,741

 
$
3,611

 
$
377

 
$
2,641

Add:
 
 
 
 
 
 
 
 
 
 
 
 
Interest and other fixed charges, excluding capitalized interest
 
729

 
623

 
560

 
435

 
72

 
613

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
189

 
197

 
249

 
225

 
35

 
268

Distributed income of investees accounted for under the equity method
 
7

 
6

 
6

 
5

 
−

 
5

Amortization of capitalized interest
 
2

 
1

 
1

 
−

 
1

 
4

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

 
14

 
15

 
15

 
1

 
12

     Total earnings available for fixed charges
 
$
6,841

 
$
6,190

 
$
5,542

 
$
4,261

 
$
484

 
$
3,519

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest and fixed charges
 
$
758

 
$
647

 
$
580

 
$
448

 
$
73

 
$
631

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
189

 
197

 
249

 
225

 
35

 
268

     Total fixed charges
 
$
947

 
$
844

 
$
829

 
$
673

 
$
108

 
$
899

Ratio of earnings to fixed charges
 
7.22x

 
7.33x

 
6.69x

 
6.33x

 
4.48x

 
3.91x

a For the periods through February 12, 2010, amounts relate to Burlington Northern Santa Fe Corporation. For all periods on or after February 13, 2010, amounts relate to Burlington Northern Santa Fe, LLC.

E-4