Exhibit 12.1
Computation of Earnings to Fixed Charges
CSX Corporation
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
FOR THE FISCAL PERIOD ENDED | ||||||||||||||||||||||||
Sep. 28, 2007 | Dec. 29, 2006 | Dec. 30, 2005 | Dec. 31, 2004 | Dec. 26, 2003 | Dec. 27, 2002 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Earnings before Income Taxes | $ | 1,362 | $ | 1,841 | $ | 1,036 | $ | 637 | $ | 195 | $ | 652 | ||||||||||||
Interest Expense | 302 | 392 | 423 | 435 | 418 | 445 | ||||||||||||||||||
Interest Portion of Fixed Rent | 30 | 48 | 56 | 46 | 62 | 77 | ||||||||||||||||||
Undistributed earnings of unconsolidated subsidiaries | (35 | ) | (48 | ) | (56 | ) | (139 | ) | (32 | ) | (38 | ) | ||||||||||||
Earnings, as Adjusted | $ | 1,659 | $ | 2,233 | $ | 1,459 | $ | 979 | $ | 643 | $ | 1,136 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest Expense | $ | 302 | $ | 392 | $ | 423 | $ | 435 | $ | 418 | $ | 445 | ||||||||||||
Capitalized Interest | 4 | 3 | 2 | 3 | 3 | 3 | ||||||||||||||||||
Interest Portion of Fixed Rent | 30 | 48 | 56 | 46 | 62 | 77 | ||||||||||||||||||
Fixed Charges | $ | 336 | $ | 443 | $ | 481 | $ | 484 | $ | 483 | $ | 525 | ||||||||||||
Ratio of Earnings to Fixed Charges | 4.9 | x | 5.0 | x | 3.0 | x | 2.0 | x | 1.3 | x | 2.2 | |||||||||||||
Computation of Earnings to Fixed Charges
CSX Transportation
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
FOR THE FISCAL PERIOD ENDED | ||||||||||||||||||||||||
Sep. 28, 2007 | Dec. 29, 2006 | Dec. 30, 2005 | Dec. 31, 2004 | Dec. 26, 2003 | Dec. 27, 2002 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Earnings before Income Taxes | $ | 1,128 | $ | 1,468 | $ | 977 | $ | 517 | $ | 216 | $ | 479 | ||||||||||||
Interest Expense | 186 | 218 | 166 | 111 | 102 | 113 | ||||||||||||||||||
Interest Portion of Fixed Rent | 28 | 42 | 47 | 52 | 54 | 54 | ||||||||||||||||||
Undistributed earnings of unconsolidated subsidiaries | (25 | ) | (37 | ) | (30 | ) | (25 | ) | (20 | ) | (19 | ) | ||||||||||||
Earnings, as Adjusted | $ | 1,317 | $ | 1,691 | $ | 1,160 | $ | 655 | $ | 352 | $ | 627 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest Expense | $ | 186 | $ | 218 | $ | 166 | $ | 111 | $ | 102 | $ | 113 | ||||||||||||
Capitalized Interest | 4 | 3 | 2 | 3 | 3 | 3 | ||||||||||||||||||
Interest Portion of Fixed Rent | 28 | 42 | 47 | 52 | 54 | 54 | ||||||||||||||||||
Fixed Charges | $ | 218 | $ | 263 | $ | 215 | $ | 166 | $ | 159 | $ | 170 | ||||||||||||
Ratio of Earnings to Fixed Charges | 6.0 | x | 6.4 | x | 5.4 | x | 3.9 | x | 2.2 | x | 3.7 | |||||||||||||