Burlington Northern Santa Fe (BNI) 8-K Revised Portions of Burlington Northern Santa Fe Corporation Annual Report

EXHIBIT 12.1

Burlington Northern Santa Fe Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

In millions, except ratio amounts

(Unaudited)

	Year ended December 31,
	2006		2005		2004		2003		2002
Earnings:
Income before income taxes and cumulative effect of accounting change*	$	2,996	$	2,453	$	1,296	$	1,241	$	1,219
Add:
Interest and other fixed charges, excluding capitalized interest		485		437		409		420		428
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor		261		221		195		182		178
Distributed income of investees accounted for under the equity method		3		4		4		3		3
Amortization of capitalized interest		4		8		8		8		8
Less:
Equity in earnings of investments accounted for under the equity method		27		15		9		14		17
Total earnings available for fixed charges	$	3,722	$	3,108	$	1,903	$	1,840	$	1,819
Fixed charges:
Interest and fixed charges	$	499	$	450	$	419	$	429	$	441
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor		261		221		195		182		178
Total fixed charges	$	760	$	671	$	614	$	611	$	619
Ratio of earnings to fixed charges		4.90x		4.63x		3.10x		3.01x		2.94x

* As discussed in Note 2 of the Consolidated Financial Statements, the Company adopted FASB Staff Position (FSP) AUG AIR-1, Accounting for Planned Major Maintenance Activities, effective January 1, 2007. The impact of FSP AUG AIR-1 has been applied retrospectively, resulting in an increase in earnings and the ratio of earnings to fixed charges.