Burlington Northern Santa Fe (BNI) 8-K Results of Operations and Financial Condition

Exhibit 99.1

                                                                       

FOR IMMEDIATE RELEASE

Investor Contact:    Marsha Morgan

 (817) 352-6452

Media Contact:   Mary Jo Keating

                                    (817) 867-6407

Burlington Northern Santa Fe Reports

All-Time Record Fourth Quarter EPS

·     Quarterly earnings were $1.46 per diluted share, compared with fourth-quarter 2006 earnings of $1.42 per diluted share.

·    Freight revenues increased $352 million, or 9 percent, to $4.12 billion compared with $3.77 billion in the fourth quarter of 2006, principally due to strong yields and an increase in fuel surcharges of approximately $120 million.

·    Operating income was $950 million, compared to $943 million in the fourth quarter of 2006.  Operating income reflects a $257 million increase in fuel expense, principally resulting from higher fuel prices.

·    Full-year 2007 earnings per diluted share were $5.10.  This compared to earnings per diluted share of $5.11 for 2006.

·    For 2007, BNSF exceeded $1 billion in free cash flow before dividends and achieved $738 million in free cash flow after dividends.

                FORT WORTH, Texas,  January 29, 2008 - Burlington Northern Santa Fe Corporation (BNSF) (NYSE: BNI) today reported quarterly earnings of $1.46 per diluted share, compared with fourth-quarter 2006 earnings of $1.42 per share.

           “For the fifth consecutive year, BNSF achieved all-time record annual revenues and was able to generate record cash flows despite a soft economy.  In the fourth quarter, the Company was able to demonstrate earnings per share growth despite significant fuel headwind and continued softness in the Industrial Products and Consumer Products businesses. Looking forward, we continue to be optimistic about the long-term prospects for BNSF,” said Matthew K. Rose, BNSF Chairman, President and Chief Executive Officer.

-more-

Fourth-quarter 2007 freight revenues increased $352 million, or 9 percent, to an all-time quarterly record of $4.12 billion compared with $3.77 billion in the prior year. The 9-percent increase in revenue is primarily attributable to record quarterly revenues and volumes for both the Agricultural Products and Coal business groups and an increase in fuel surcharges of approximately $120 million driven by rising fuel prices.

            Agricultural Products revenues were up $158 million, or 24 percent, to an all-time quarterly record of $804 million for the fourth quarter of 2007.  This increase was primarily due to a 14-percent unit volume increase, predominately from wheat, ethanol, soybeans and fertilizer.  Coal revenues rose by $119 million, or 15 percent, to $894 million, as a result of increased tons per unit and improved yields.  Industrial Products revenues increased by $41 million, or 5 percent, to $926 million on 2-percent higher unit volumes.  Strong demand for construction and petroleum products was offset by a decline in building products as a result of weakness in the housing market.  Consumer Products revenues of $1.50 billion were $34 million, or 2 percent higher than the fourth quarter of 2006, principally due to stronger yields.

Operating expenses for the fourth quarter of 2007 were $3.30 billion compared with fourth-quarter 2006 operating expenses of $2.94 billion.  The $356 million increase in operating expenses was largely driven by a $257 million increase in fuel expense primarily reflecting increased prices and a reduced hedge benefit.

For the full year of 2007, operating revenues reached a record $15.8 billion, a 5-percent increase over 2006, which included revenue increases in each of the Company’s four business groups, with record revenues in the Agricultural Products and Coal business groups.  Despite a $310 million reduction in fuel hedge benefit, 2007 operating income of $3.49 billion decreased slightly compared with the prior year.

Burlington Northern Santa Fe Corporation’s subsidiary BNSF Railway Company operates one of the largest North American rail networks, with about 32,000 route miles in 28 states and two Canadian provinces. BNSF Railway Company is among the world's top transporters of intermodal traffic, moves more grain than any other American railroad, carries the components of many of the products we depend on daily, and hauls enough low-sulfur coal to generate about ten percent of the electricity produced in the United States. BNSF Railway Company is an industry leader in Web-enabling a variety of customer transactions at www.bnsf.com. 
 

2

 
BNSF’s free cash flow, as discussed above, is a non-GAAP measure and should be considered in addition to, but not as a substitute or preferable to, other information prepared in accordance with GAAP. However, the information is included herein as management believes that free cash flow provides meaningful information about BNSF’s ability to generate cash flows from the operation of its business.  Below is the calculation of free cash flow for 2007.

Free Cash Flow Calculation (in millions)		2007
Net cash provided by operating activities	$	$3,492
Net cash used for investing activities		(2,374	)
Free Cash Flow before Dividends		1,118
Dividends paid		(380	)
Free Cash Flow after Dividends	$	738

Financial information follows:

3

Burlington Northern Santa Fe Corporation
Consolidated Income Information
(Dollars in millions, except per share data)
	Three Months
	Ended December 31,						Year Ended December 31,
	2007			2006			2007			2006			2005
				(As Adjusted)*						(As Adjusted)*			(As Adjusted)*
Operating revenues
Freight revenues	$	4,121		$	3,769		$	15,349		$	14,545		$	12,606
Other revenues		124			113			453			440			381
Total operating revenues		4,245			3,882			15,802			14,985			12,987
Operating expenses
Compensation and benefits		979			994			3,773			3,816			3,515
Fuel		960			703			3,197			2,734			1,959
Purchased services		513			461			2,023			1,906			1,713
Depreciation and amortization		340			301			1,293			1,176			1,111
Equipment rents		238			235			942			930			886
Materials and other (a)		265			245			1,088			902			876
Total operating expenses		3,295			2,939			12,316			11,464			10,060
Operating income		950			943			3,486			3,521			2,927
Interest expense		126			121			511			485			437
Other expense, net		1			10			18			40			37
Income before income taxes		823			812			2,957			2,996			2,453
Income tax expense		306			293			1,128			1,107			919
Net income	$	517		$	519		$	1,829		$	1,889		$	1,534
Diluted earnings per share	$	1.46		$	1.42		$	5.10		$	5.11		$	4.02
Diluted average shares outstanding (in millions)		354.3			365.3			358.9			369.8			381.8
Operating ratio (b)		76.9	%		75.0	%		77.3	%		75.8	%		76.8	%
(a)  2007 includes a first-quarter charge of $81 million for additional environmental expenses and a technology system write-off.   2005       includes a fourth-quarter net loss of $57 million from two commuter-related transactions.
(b) Calculated as total operating expenses less other revenues divided by freight revenues.
*   Prior year numbers have been adjusted for the retrospective adoption of Financial Accounting Standards Board (FASB) Staff Position       (FSP) AUG AIR-1, Accounting for Planned Major Maintenance Activities.

4

Burlington Northern Santa Fe Corporation
Consolidated Income Information 2007
(Dollars in millions, except per share data)
													2007
	1st			2nd			3rd			4th			Full
	Quarter			Quarter			Quarter			Quarter			Year
Operating revenues
Freight revenues	$	3,544		$	3,736		$	3,948		$	4,121		$	15,349
Other revenues		101			107			121			124			453
Total operating revenues		3,645			3,843			4,069			4,245			15,802
Operating expenses
Compensation and benefits		932			925			937			979			3,773
Fuel		652			771			814			960			3,197
Purchased services		502			507			501			513			2,023
Depreciation and amortization		307			322			324			340			1,293
Equipment rents		232			237			235			238			942
Materials and other (a)		326			240			257			265			1,088
Total operating expenses		2,951			3,002			3,068			3,295			12,316
Operating income		694			841			1,001			950			3,486
Interest expense		121			132			132			126			511
Other expense, net		5			6			6			1			18
Income before income taxes		568			703			863			823			2,957
Income tax expense		219			270			333			306			1,128
Net income	$	349		$	433		$	530		$	517		$	1,829
Diluted earnings per share	$	0.96		$	1.20		$	1.48		$	1.46		$	5.10
Diluted average shares outstanding (in millions)		363.7			360.8			357.1			354.3			358.9
Operating ratio (b)		80.4	%		77.5	%		74.6	%		76.9	%		77.3	%
(a)  First-quarter includes a charge of $81 million for additional environmental expenses and a technology system write-off.
(b)  Calculated as total operating expenses less other revenues divided by freight revenues.

5

Burlington Northern Santa Fe Corporation
Consolidated Income Information 2006*
(Dollars in millions, except per share data)
													2006
	1st			2nd			3rd			4th			Full
	Quarter			Quarter			Quarter			Quarter			Year
Operating revenues
Freight revenues	$	3,369		$	3,592		$	3,815		$	3,769		$	14,545
Other revenues		94			109			124			113			440
Total operating revenues		3,463			3,701			3,939			3,882			14,985
Operating expenses
Compensation and benefits		919			928			975			994			3,816
Fuel		561			678			792			703			2,734
Purchased services		464			481			500			461			1,906
Depreciation and amortization		289			290			296			301			1,176
Equipment rents		231			232			232			235			930
Materials and other		206			228			223			245			902
Total operating expenses		2,670			2,837			3,018			2,939			11,464
Operating income		793			864			921			943			3,521
Interest expense		121			118			125			121			485
Other expense, net		9			11			10			10			40
Income before income taxes		663			735			786			812			2,996
Income tax expense		253			264			297			293			1,107
Net income	$	410		$	471		$	489		$	519		$	1,889
Diluted earnings per share	$	1.09		$	1.27		$	1.33		$	1.42		$	5.11
Diluted average shares outstanding (in millions)		376.7			370.7			366.8			365.3			369.8
Operating ratio (a)		76.5	%		75.9	%		75.9	%		75.0	%		75.8	%
(a) Calculated as total operating expenses less other revenues divided by freight revenues.
*   Prior year numbers have been adjusted for the retrospective adoption of FSP AUG AIR-1, Accounting for Planned Major Maintenance       Activities.

6

Burlington Northern Santa Fe Corporation
Consolidated Balance Sheet Information
(Dollars in millions, except per share amounts)
	December 31,
	2007			2006
					(As Adjusted)*
Assets
Current assets:
Cash and cash equivalents	$	330		$	375
Accounts receivable, net		790			805
Materials and supplies		579			488
Current portion of deferred income taxes		290			345
Other current assets		192			168
Total current assets		2,181			2,181
Property and equipment, net		29,567			27,921
Other assets		1,835			1,695
Total assets	$	33,583		$	31,797
Liabilities and stockholders' equity
Current liabilities:
Accounts payable and other current liabilities	$	2,824		$	2,853
Long-term debt due within one year		411			473
Total current liabilities		3,235			3,326
Long-term debt and commercial paper		7,735			6,912
Deferred income taxes		8,484			8,298
Casualty and environmental liabilities		843			830
Pension and retiree health and welfare liability		444			604
Employee separation costs		77			86
Other liabilities		1,621			1,213
Total liabilities		22,439			21,269
Stockholders' equity:
Common stock and additional paid-in capital		7,353			6,995
Retained earnings		11,152			9,739
Treasury stock and other		(7,361)			(6,206)
Total stockholders' equity		11,144			10,528
Total liabilities and stockholders' equity	$	33,583		$	31,797
Book value per share	$	32.05		$	29.42
Common shares outstanding (in millions)		347.7			357.9
Net debt to total capitalization (a)		41.2	%		40.0	%
(a) Net debt is calculated as total debt less cash and cash equivalents, and capitalization is calculated as the sum of net debt and        total stockholders' equity.
*   Prior year numbers have been adjusted for the retrospective adoption of FSP AUG AIR-1, Accounting for Planned Major  Maintenance Activities.

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Burlington Northern Santa Fe Corporation
Consolidated Cash Flow Information
(in millions)
		Three Months
		Ended December 31,				Year Ended December 31,
		2007		2006		2007		2006		2005
			(As Adjusted)*				(As Adjusted)*		(As Adjusted)*
Operating activities
Net income	$	517	$	519	$	1,829	$	1,889	$	1,534
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		340		301		1,293		1,176		1,111
Deferred income taxes		60		155		280		316		219
Long-term casualty and environmental liabilities, net		-		(15)		26		(55)		(71)
Other, net		25		(103)		162		(70)		(28)
Changes in accounts receivable sales program		100		-		-		-		(350)
Other changes in working capital		(15)		(34)		(98)		(67)		291
Net cash provided by operating activities		1,027		823		3,492		3,189		2,706
Investing activities
Capital expenditures		(473)		(465)		(2,248)		(2,014)		(1,750)
Other, net		210		143		(126)		(153)		(370)
Net cash used for investing activities		(263)		(322)		(2,374)		(2,167)		(2,120)
Financing activities
Dividends paid		(112)		(90)		(380)		(310)		(267)
Purchase of BNSF common stock		(301)		(140)		(1,265)		(730)		(799)
Proceeds from stock options exercised		16		17		142		116		244
Other, net		(412)		3		340		202		(11)
Net cash used for financing activities		(809)		(210)		(1,163)		(722)		(833)
(Decrease) increase in cash and cash equivalents		(45)		291		(45)		300		(247)
Cash and cash equivalents:
Beginning of period		375		84		375		75		322
End of period	$	330	$	375	$	330	$	375	$	75

   * Prior year numbers have been adjusted for the retrospective adoption of FSP AUG AIR-1, Accounting for Planned Major Maintenance Activities and certaincomparative prior period amounts have been adjusted to conform to the current period presentation.

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Burlington Northern Santa Fe Corporation
Consolidated Cash Flow Information*
(in millions)
													2007
	1st			2nd			3rd				4th		Full
	Quarter			Quarter			Quarter				Quarter		Year
Operating activities
Net income	$	349		$	433		$	530		$	517		$	1,829
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		307			322			324			340			1,293
Deferred income taxes		52			62			106			60			280
Long-term casualty and environmental liabilities, net		42			(9	)		(7	)		-			26
Other, net		41			52			44			25			162
Changes in accounts receivable sales program		300			(300	)		(100	)		100			-
Other changes in working capital		57			(132	)		(8	)		(15	)		(98	)
Net cash provided by operating activities		1,148			428			889			1,027			3,492
Investing activities
Capital expenditures		(537	)		(615	)		(623	)		(473	)		(2,248	)
Other, net		(294	)		112			(154	)		210			(126	)
Net cash used for investing activities		(831	)		(503	)		(777	)		(263	)		(2,374	)
Financing activities
Dividends paid		(90	)		(89	)		(89	)		(112	)		(380	)
Purchase of BNSF common stock		(349	)		(360	)		(255	)		(301	)		(1,265	)
Proceeds from stock options exercised		55			60			11			16			142
Other, net		84			465			203			(412	)		340
Net cash (used for) provided by financing activities		(300	)		76			(130	)		(809	)		(1,163	)
Increase (decrease) in cash and cash equivalents		17			1			(18	)		(45	)		(45	)
Cash and cash equivalents:
Beginning of period		375			392			393			375			375
End of period	$	392		$	393		$	375		$	330		$	330

 *   Certain interim period amounts have been reclassified to conform with the current period presentation.

9

Burlington Northern Santa Fe Corporation
Operating Statistics*
	Three Months
	Ended December 31,		Year Ended December 31,
	2007	2006	2007	2006	2005

				(As Adjusted)*				(As Adjusted)*		(As Adjusted)*
Cars/units (in thousands)		2,600		2,677		10,318		10,637		10,024
Average revenues per car/unit	$	1,585	$	1,408	$	1,488	$	1,367	$	1,258
Revenue ton miles (in millions)		170,246		163,790		657,572		647,857		604,656
Gross ton miles (in millions)		288,172		282,499		1,121,255		1,119,928		1,061,108
RTM/GTM		0.59		0.58		0.59		0.58		0.57
Freight revenue/thousand RTM	$	24.21	$	23.01	$	23.34	$	22.45	$	20.85
Operating expense/thousand RTM (a)	$	19.35	$	17.94	$	18.73	$	17.70	$	16.64
Freight revenue/thousand GTM	$	14.30	$	13.34	$	13.69	$	12.99	$	11.88
Operating expense/thousand GTM (a)	$	11.43	$	10.40	$	10.98	$	10.24	$	9.48
Compensation and benefits/thousand GTM	$	3.40	$	3.52	$	3.36	$	3.41	$	3.31
Average employees		40,970		41,550		41,189		41,338		39,353
Period end employees		40,261		41,201		40,261		41,201		40,388
Thousand RTM/average employee		4,155		3,942		15,965		15,672		15,365
Thousand GTM/average employee		7,034		6,799		27,222		27,092		26,964
Gallons of fuel used (in millions)		373		378		1,442		1,478		1,402
Average price per gallon of fuel (b)	$	2.57	$	1.86	$	2.22	$	1.85	$	1.40
GTM/gallon of fuel		773		747		778		758		757
Freight train miles (in millions)		44		44		169		173		167
GTM/freight train hours (in thousands)		135		124		129		123		121
Route miles operated		32,205		31,910		32,205		31,910		32,154

(a)	2007 includes a first-quarter charge of $81 million for additional environmental expenses and a technology system write-off.
(b)	Includes handling, taxes and hedge effect.
*	Prior year numbers have been adjusted for the retrospective adoption of FSP AUG AIR-1, Accounting for Planned Major Maintenance Activities and certain comparative prior period amounts have been adjusted to conform to the current period presentation.

10

Burlington Northern Santa Fe Corporation
Operating Statistics*
										2007
		1st		2nd		3rd		4th		Full
		Quarter		Quarter		Quarter		Quarter		Year
Cars/units (in thousands)		2,507		2,581		2,630		2,600		10,318
Average revenues per car/unit	$	1,414	$	1,448	$	1,501	$	1,585	$	1,488
Revenue ton miles (in millions)		157,263		163,428		166,635		170,246		657,572
Gross ton miles (in millions)		270,083		279,535		283,465		288,172		1,121,255
RTM/GTM		0.58		0.58		0.59		0.59		0.59
Freight revenue/thousand RTM	$	22.54	$	22.86	$	23.69	$	24.21	$	23.34
Operating expense/thousand RTM  (a)	$	18.76	$	18.37	$	18.41	$	19.35	$	18.73
Freight revenue/thousand GTM	$	13.12	$	13.37	$	13.93	$	14.30	$	13.69
Operating expense/thousand GTM  (a)	$	10.93	$	10.74	$	10.82	$	11.43	$	10.98
Compensation and benefits/thousand GTM	$	3.45	$	3.31	$	3.31	$	3.40	$	3.36
Average employees		40,984		41,510		41,293		40,970		41,189
Period end employees		41,541		41,328		41,087		40,261		40,261
Thousand RTM/average employee		3,837		3,937		4,035		4,155		15,965
Thousand GTM/average employee		6,590		6,734		6,865		7,034		27,222
Gallons of fuel used (in millions)		360		356		353		373		1,442
Average price per gallon of fuel (b)	$	1.81	$	2.17	$	2.31	$	2.57	$	2.22
GTM/gallon of fuel		750		785		803		773		778
Freight train miles (in millions)		41		42		42		44		169
GTM/freight train hours (in thousands)		125		126		130		135		129
Route Miles Operated		32,023		32,332		32,231		32,205		32,205
(a)  2007 includes a first-quarter charge of $81 million for additional environmental expenses and a technology system write-off.
(b)  Includes handling, taxes and hedge effect.
*   Certain interim period amounts have been reclassified to conform with the current period presentation.

11

Burlington Northern Santa Fe Corporation
Revenue Statistics by Commodity*
		Three Months											06-07
		Ended December 31,			Percent			Year Ended December 31,					Percent
		2007		2006	Change			2007		2006		2005	Change
Revenues  (in millions)
Domestic Intermodal	$	700	$	674	3.9	%	$	2,541	$	2,564	$	2,372	(0.9)	%
International Intermodal		664		661	0.5			2,627		2,576		2,121	2.0
Automotive		133		128	3.9			496		473		405	4.9
Total Consumer Products		1,497		1,463	2.3			5,664		5,613		4,898	0.9
Industrial Products		926		885	4.6			3,684		3,589		3,128	2.6
Coal		894		775	15.4			3,279		2,916		2,448	12.4
Agricultural Products		804		646	24.5			2,722		2,427		2,132	12.2
Total freight revenue		4,121		3,769	9.3			15,349		14,545		12,606	5.5
Other revenue		124		113	9.7			453		440		381	3.0
Total revenues	$	4,245	$	3,882	9.4	%	$	15,802	$	14,985	$	12,987	5.5	%
Cars/units  (in thousands)
Domestic Intermodal		551		554	(0.5)	%		2,097		2,151		2,110	(2.5)	%
International Intermodal		673		793	(15.1)			2,886		3,195		2,928	(9.7)
Automotive		42		45	(6.7)			166		174		177	(4.6)
Total Consumer Products		1,266		1,392	(9.1)			5,149		5,520		5,215	(6.7)
Industrial Products		412		402	2.5			1,664		1,686		1,655	(1.3)
Coal		640		636	0.6			2,472		2,458		2,238	0.6
Agricultural Products		282		247	14.2			1,033		973		916	6.2
Total cars/units		2,600		2,677	(2.9)	%		10,318		10,637		10,024	(3.0)	%
Average revenue per car/unit
Domestic Intermodal	$	1,270	$	1,217	4.4	%	$	1,212	$	1,192	$	1,124	1.7	%
International Intermodal		987		834	18.3			910		806		724	12.9
Automotive		3,167		2,844	11.4			2,988		2,718		2,288	9.9
Total Consumer Products		1,182		1,051	12.5			1,100		1,017		939	8.2
Industrial Products		2,248		2,201	2.1			2,214		2,129		1,890	4.0
Coal		1,397		1,219	14.6			1,326		1,186		1,094	11.8
Agricultural Products		2,851		2,615	9.0			2,635		2,494		2,328	5.7
Average revenue per car/unit	$	1,585	$	1,408	12.6	%	$	1,488	$	1,367	$	1,258	8.9	%
Revenue ton miles  (in millions)
Domestic Intermodal		13,737		13,711	0.2	%		52,492		53,904		54,463	(2.6)	%
International Intermodal		20,039		21,513	(6.9)			82,526		84,728		78,332	(2.6)
Automotive		1,576		1,602	(1.6)			6,123		6,004		5,794	2.0
Total Consumer Products		35,352		36,826	(4.0)			141,141		144,636		138,589	(2.4)
Industrial Products		28,637		28,252	1.4			117,338		120,130		116,404	(2.3)
Coal		73,156		70,366	4.0			280,365		271,499		242,409	3.3
Agricultural Products		33,101		28,346	16.8			118,728		111,592		107,254	6.4
Total revenue ton miles		170,246		163,790	3.9	%		657,572		647,857		604,656	1.5	%
Freight revenue per thousand ton miles
Domestic Intermodal	$	50.96	$	49.16	3.7	%	$	48.41	$	47.57	$	43.55	1.8	%
International Intermodal		33.14		30.73	7.8			31.83		30.40		27.08	4.7
Automotive		84.39		79.90	5.6			81.01		78.78		69.90	2.8
Total Consumer Products		42.35		39.73	6.6			40.13		38.81		35.34	3.4
Industrial Products		32.34		31.33	3.2			31.40		29.88		26.87	5.1
Coal		12.22		11.01	11.0			11.70		10.74		10.10	8.9
Agricultural Products		24.29		22.79	6.6			22.93		21.75		19.88	5.4
Freight revenue per thousand ton miles	$	24.21	$	23.01	5.2	%	$	23.34	$	22.45	$	20.85	4.0	%

 *   Certain comparative prior period amounts have been adjusted to conform to the current period presentation.

12

Burlington Northern Santa Fe Corporation
Revenue Statistics by Commodity*
									2007
	1st		2nd		3rd			4th	Full
	Quarter		Quarter		Quarter			Quarter	Year
Revenues  (in millions)
Domestic Intermodal	$	586	$	610	$	645	$	700	$	2,541
International Intermodal		610		663		690		664		2,627
Automotive		116		127		120		133		496
Total Consumer Products		1,312		1,400		1,455		1,497		5,664
Industrial Products		846		950		962		926		3,684
Coal		760		776		849		894		3,279
Agricultural Products		626		610		682		804		2,722
Total freight revenue		3,544		3,736		3,948		4,121		15,349
Other revenue		101		107		121		124		453
Total revenues	$	3,645	$	3,843	$	4,069	$	4,245	$	15,802
Cars/units  (in thousands)
Domestic Intermodal		508		510		528		551		2,097
International Intermodal		727		746		740		673		2,886
Automotive		41		44		39		42		166
Total Consumer Products		1,276		1,300		1,307		1,266		5,149
Industrial Products		390		431		431		412		1,664
Coal		594		611		627		640		2,472
Agricultural Products		247		239		265		282		1,033
Total cars/units		2,507		2,581		2,630		2,600		10,318
Average revenue per car/unit
Domestic Intermodal	$	1,154	$	1,196	$	1,222	$	1,270	$	1,212
International Intermodal		839		889		932		987		910
Automotive		2,829		2,886		3,077		3,167		2,988
Total Consumer Products		1,028		1,077		1,113		1,182		1,100
Industrial Products		2,169		2,204		2,232		2,248		2,214
Coal		1,279		1,270		1,354		1,397		1,326
Agricultural Products		2,534		2,552		2,574		2,851		2,635
Average revenue per car/unit	$	1,414	$	1,448	$	1,501	$	1,585	$	1,488
Revenue ton miles  (in millions)
Domestic Intermodal		12,588		12,836		13,331		13,737		52,492
International Intermodal		20,321		21,312		20,854		20,039		82,526
Automotive		1,464		1,629		1,454		1,576		6,123
Total Consumer Products		34,373		35,777		35,639		35,352		141,141
Industrial Products		27,735		30,629		30,337		28,637		117,338
Coal		66,434		69,307		71,468		73,156		280,365
Agricultural Products		28,721		27,715		29,191		33,101		118,728
Total revenue ton miles		157,263		163,428		166,635		170,246		657,572
Freight revenue per thousand ton miles
Domestic Intermodal	$	46.55	$	47.52	$	48.38	$	50.96	$	48.41
International Intermodal		30.02		31.11		33.09		33.14		31.83
Automotive		79.23		77.96		82.53		84.39		81.01
Total Consumer Products		38.17		39.13		40.83		42.35		40.13
Industrial Products		30.50		31.02		31.71		32.34		31.40
Coal		11.44		11.20		11.88		12.22		11.70
Agricultural Products		21.80		22.01		23.36		24.29		22.93
Freight revenue per thousand ton miles	$	22.54	$	22.86	$	23.69	$	24.21	$	23.34

 *   Certain interim period amounts have been reclassified to conform with the current period presentation.

13

Burlington Northern Santa Fe Corporation
Capital Expenditures and Track Maintenance
	Three Months
	Ended December 31,				Year Ended December 31,
	2007		2006		2007		2006		2005
Capital expenditures  (in millions)
Maintenance of way
Rail	$	71	$	53	$	376	$	304	$	232
Ties		60		66		316		311		284
Surfacing		41		44		235		214		183
Other		99		94		432		397		354
Total maintenance of way		271		257		1,359		1,226		1,053
Mechanical		39		41		141		152		136
Information services		26		19		75		65		64
Other		31		39		105		121		108
Total maintenance of business		367		356		1,680		1,564		1,361
Terminal and line expansion		106		109		568		450		389
Total capital expenditures	$	473	$	465	$	2,248	$	2,014	$	1,750
Track maintenance
Track miles of rail laid
Maintenance of business		174		133		773		692		517
Expansion projects		36		14		183		125		162
Total		210		147		956		817		679
Cross ties inserted (thousands)
Maintenance of business		479		531		2,708		2,638		2,782
Expansion projects		87		32		418		319		389
Total		566		563		3,126		2,957		3,171
Track resurfaced (miles)		1,869		2,181		11,687		12,588		12,790

14

Burlington Northern Santa Fe Corporation
Capital Expenditures and Track Maintenance
									2007
	1st		2nd		3rd		4th		Full
	Quarter		Quarter		Quarter		Quarter		Year
Capital expenditures  (in millions)
Maintenance of way
Rail	$	82	$	117	$	106	$	71	$	376
Ties		78		100		78		60		316
Surfacing		48		78		68		41		235
Other		103		102		128		99		432
Total maintenance of way		311		397		380		271		1,359
Mechanical		26		36		40		39		141
Information services		16		20		13		26		75
Other		27		24		23		31		105
Total maintenance of business		380		477		456		367		1,680
Terminal and line expansion		157		138		167		106		568
Total capital expenditures	$	537	$	615	$	623	$	473	$	2,248
Track maintenance
Track miles of rail laid
Maintenance of business		125		246		228		174		773
Expansion projects		21		51		75		36		183
Total		146		297		303		210		956
Cross ties inserted (thousands)
Maintenance of business		664		818		747		479		2,708
Expansion projects		54		133		144		87		418
Total		718		951		891		566		3,126
Track resurfaced (miles)		2,136		4,234		3,448		1,869		11,687

15

Burlington Northern Santa Fe Corporation
Outstanding Debt
(Dollars in millions)
	December 31,
	2007		2006
Notes and debentures, weighted average rate of 6.6 percent, due 2008 to 2097*	$	6,376	$	5,364
Equipment obligations, weighted average rate of 6.6 percent, due 2008 to 2016		297		347
Capitalized lease obligations, weighted average rate of 6.3 percent, due 2008 to 2027		938		609
Mortgage bonds, weighted average rate of 5.6 percent, due 2008 to 2047		102		106
Financing obligations, weighted average rate of 6.3 percent, due 2008 to 2028		211		153
Commercial paper, weighted average rate of 5.5 percent		261		846
Unamortized discount and other, net		(39)		(40)
Total outstanding debt		8,146		7,385
Less:  current portion of long-term debt		(411)		(473)
Long-term debt	$	7,735	$	6,912
*  Notes and debentures include a fair value adjustment increase for hedges of $6 million and a decrease of $6 million at        December 31, 2007 and 2006, respectively.

16