EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

BURLINGTON NORTHERN SANTA FE CORPORATION and SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In Millions, Except Ratio Amounts)

(Unaudited)

 

Three Months Ended March 31,

    2006    2005

Earnings:

      

Income before income taxes

    $ 662    $ 518

Add:

      

Interest and other fixed charges, excluding capitalized interest

      121      109

Estimate of portion of rent under long-term operating leases representative of an interest factor

      62      52

Distributed income of investees accounted for under the equity method

      —        1

Amortization of capitalized interest

      1      2

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

      4      1
             

Total earnings available for fixed charges

    $ 842    $ 681
             

Fixed charges:

      

Interest and fixed charges

    $ 124    $ 112

Estimate of portion of rent under long-term operating leases representative of an interest factor

      62      52
             

Total fixed charges

    $ 186    $ 164
             

Ratio of earnings to fixed charges

      4.53x      4.15x
             

 

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