UNION PACIFIC CORP - FORM 10-K - EX-12 - RATIO OF EARNINGS TO FIXED CHARGES - February 5, 2010

Attached files

file	filename
EXCEL - IDEA: XBRL DOCUMENT - UNION PACIFIC CORP	Financial_Report.xls
EX-24 - POWERS OF ATTORNEY - UNION PACIFIC CORP	dex24.htm
EX-21 - LIST OF SIGNIFICANT SUBSIDIARIES - UNION PACIFIC CORP	dex21.htm
EX-23 - INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM'S CONSENT - UNION PACIFIC CORP	dex23.htm
EX-31.(A) - SECTION 302 CERTIFICATION OF CEO - UNION PACIFIC CORP	dex31a.htm
EX-10.(A) - FORM OF 2010 LONG TERM PLAN STOCK UNIT AGREEMENT - UNION PACIFIC CORP	dex10a.htm
EX-31.(B) - SECTION 302 CERTIFICATION OF CFO - UNION PACIFIC CORP	dex31b.htm
10-K - FORM 10-K - UNION PACIFIC CORP	d10k.htm
EX-32 - SECTION 906 CERTIFICATION OF CEO & CFO - UNION PACIFIC CORP	dex32.htm

Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES

Union Pacific Corporation and Subsidiary Companies


Millions of Dollars, Except for Ratios		*2009*			2008			2007			2006			2005
Fixed charges:
Interest expense including amortization of debt discount		$	600		$	511		$	482		$	477		$	504
Portion of rentals representing an interest factor			155			226			237			243			220
Total fixed charges		$	755		$	737		$	719		$	720		$	724
Earnings available for fixed charges:
Net income		$	1,898		$	2,338		$	1,855		$	1,606		$	1,026
Equity earnings net of distributions			(42)			(53)			(69)			(59)			(48)
Income taxes			1,089			1,318			1,154			919			410
Fixed charges			755			737			719			720			724
Earnings available for fixed charges		$	3,700		$	4,340		$	3,659		$	3,186		$	2,112
Ratio of earnings to fixed charges			4.9			5.9			5.1			4.4			2.9