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New words:
abstained, APB, authoritative, bankruptcy, Boulder, call, classification, Codification, CodificationTM, competitive, concept, concurrent, contest, declared, eliminated, entity, FSP, guidance, incident, interim, Interpretation, interpretive, Jose, land, largest, literature, McCarthy, nonauthoritative, nongovernmental, nongrandfathered, receipt, relevant, restructured, restructuring, RTD, scope, source, subsequent, supersede, uncollectible, Villarreal, voluntary
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FIN, reducing
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Filing exhibits
- 10-Q Quarterly report
- 12 Ratio of Earnings to Fixed Charges for 3 Months Ended 6/30/2009
- 12 Ratio of Earnings to Fixed Charges for 6 Months Ended 6/30/2009
- 31 Section 302 Certification of CEO
- 31 Section 302 Certification of CFO
- 32 Section 906 Certification of CEO & CFO
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Exhibit 12(b)
RATIO OF EARNINGS TO FIXED CHARGES
Union Pacific Corporation and Subsidiary Companies (Unaudited)
Six Months Ended June 30, | ||||||
Millions of Dollars, Except for Ratios | 2009 | 2008 | ||||
Fixed charges: | ||||||
Interest expense including amortization of debt discount | $ | 291 | $ | 254 | ||
Portion of rentals representing an interest factor | 83 | 114 | ||||
Total fixed charges | $ | 374 | $ | 368 | ||
Earnings available for fixed charges: | ||||||
Net income | $ | 830 | $ | 974 | ||
Equity earnings net of distributions | (13) | (26) | ||||
Income taxes | 460 | 535 | ||||
Fixed charges | 374 | 368 | ||||
Earnings available for fixed charges | $ | 1,651 | $ | 1,851 | ||
Ratio of earnings to fixed charges | 4.4 | 5.0 |