EX-12.1 2 llc-12312016x10kex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit
Exhibit 12.1
 
 
 
 
 

Burlington Northern Santa Fe, LLC and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
In millions, except ratio amounts
(Unaudited)
 
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
5,693

 
$
6,775

 
$
6,169

 
$
5,928

 
$
5,377

Add:
 
 
 
 
 
 
 
 
 
 
Interest and other fixed charges, excluding capitalized interest
 
992

 
928

 
833

 
729

 
623

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
192

 
200

 
200

 
189

 
197

Distributed income of investees accounted for under the equity method
 
6

 
14

 
7

 
7

 
6

Amortization of capitalized interest
 
4

 
4

 
3

 
2

 
1

Less:
 
 
 
 
 
 
 
 
 
 
Equity in earnings of investments accounted for under the equity method
 
16

 
16

 
16

 
14

 
14

     Total earnings available for fixed charges
 
$
6,871

 
$
7,905

 
$
7,196

 
$
6,841

 
$
6,190

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest and fixed charges
 
$
1,018

 
$
962

 
$
863

 
$
758

 
$
647

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
192

 
200

 
200

 
189

 
197

     Total fixed charges
 
$
1,210

 
$
1,162

 
$
1,063

 
$
947

 
$
844

Ratio of earnings to fixed charges
 
5.68x

 
6.80x

 
6.77x

 
7.22x

 
7.33x



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