EXHIBIT 12.1
BURLINGTON NORTHERN SANTA FE CORPORATION and SUBSIDIARIES
COMPUTATION of RATIO of EARNINGS to FIXED CHARGES
(In Millions, Except Ratio Amounts)
(Unaudited)
Three Months Ended
March 31,
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2001 2000
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Earnings:
Pre-tax income $ 226 $ 391
Add:
Interest and fixed charges,
excluding capitalized interest 120 104
Portion of rent under long-term
operating leases representative
of an interest factor 48 43
Distributed income of investees
accounted for under the equity method 2 43
Amortization of capitalized interest 2 1
Less: Undistributed equity in earnings
of investments accounted for
under the equity method 7 3
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Total earnings available for fixed charges $ 391 $ 579
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Fixed charges:
Interest and fixed charges $ 123 $ 106
Portion of rent under long-term operating
leases representative of an interest factor 48 43
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Total fixed charges $ 171 $ 149
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Ratio of earnings to fixed charges 2.29x 3.89x