Burlington Northern Santa Fe (BNI) 10-Q 2014 Q1 Quarterly report

Exhibit 12.1

BURLINGTON NORTHERN SANTA FE, LLC and SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In millions, except ratio amounts)

(Unaudited)

		Three Months Ended March 31,
		2014		2013
Earnings:
Income before income taxes	$	1,169	$	1,289
Add:
Interest and other fixed charges, excluding capitalized interest		196		178
Reasonable approximation of portion of rent under long-term operating           leases representative of an interest factor		49		47
Distributed income of investees accounted for under the equity method		2		2
Amortization of capitalized interest		1		—
Less:
Equity in earnings of investments accounted for under the equity method		4		2
Total earnings available for fixed charges	$	1,413	$	1,514
Fixed charges:
Interest and fixed charges	$	202	$	185
Reasonable approximation of portion of rent under long-term operating leases    representative of an interest factor		49		47
Total fixed charges	$	251	$	232
Ratio of earnings to fixed charges		5.63x		6.53x

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