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 |
E-4