Exhibit 12.1
BURLINGTON NORTHERN SANTA FE CORPORATION and SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
(Unaudited)
Six Months Ended June 30, | | 2007 | | | 2006 | |
| | | | | (As Adjusted)a | |
Earnings: | | | | | | |
| | | | | | |
Income before income taxes | | $ | 1,271 | | | $ | 1,398 | |
| | | | | | | | |
Add: | | | | | | | | |
Interest and other fixed charges, excluding capitalized interest | | | 253 | | | | 239 | |
| | | | | | | | |
Reasonable approximation of portion of rent under long-term operating leases | | | | | | | | |
representative of an interest factor | | | 141 | | | | 125 | |
| | | | | | | | |
Distributed income of investees accounted for under the equity method | | | 2 | | | | 2 | |
| | | | | | | | |
Amortization of capitalized interest | | | 1 | | | | 2 | |
| | | | | | | | |
Less: Equity in earnings of investments accounted for | | | | | | | | |
under the equity method | | | 10 | | | | 10 | |
| | | | | | | | |
| | | | | | | | |
Total earnings available for fixed charges | | $ | 1,658 | | | $ | 1,756 | |
| | | | | | | | |
Fixed charges: | | | | | | | | |
| | | | | | | | |
Interest and fixed charges | | $ | 261 | | | $ | 246 | |
| | | | | | | | |
Reasonable approximation of portion of rent under long-term operating leases | | | | | | | | |
representative of an interest factor | | | 141 | | | | 125 | |
| | | | | | | | |
Total fixed charges | | $ | 402 | | | $ | 371 | |
| | | | | | | | |
Ratio of earnings to fixed charges | | | 4.12x | | | | 4.73x | |
a Prior year numbers have been adjusted for the retrospective adoption of FSP AUG AIR-1, Accounting for Planned Major Maintenance Activities. See Note 1 of the Consolidated Financial Statements for additional information.