Exhibit 12.1
BURLINGTON NORTHERN SANTA FE, LLC and SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
(Unaudited)
|
| | | | | | | | |
| | Nine Months Ended September 30, |
| | 2017 | | 2016 |
Earnings: | | | | |
Income before income taxes | | $ | 4,592 |
| | $ | 4,129 |
|
Add: | | | | |
Interest and other fixed charges, excluding capitalized interest | | 761 |
| | 744 |
|
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | | 140 |
| | 144 |
|
Distributed income of investees accounted for under the equity method | | 7 |
| | 4 |
|
Amortization of capitalized interest | | 4 |
| | 3 |
|
Less: | | | | |
Equity in earnings of investments accounted for under the equity method | | 25 |
| | 10 |
|
Total earnings available for fixed charges | | $ | 5,479 |
| | $ | 5,014 |
|
Fixed charges: | | | | |
Interest and fixed charges | | $ | 778 |
| | $ | 764 |
|
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | | 140 |
| | 144 |
|
Total fixed charges | | $ | 918 |
| | $ | 908 |
|
Ratio of earnings to fixed charges | | 5.97x |
| | 5.52x |
|