Attached files
| file | filename |
|---|---|
| EX-3.1 - EXHIBIT 3.1 - BNSF RAILWAY CO | railway-12312014x10xkex31.htm |
| EX-32.1 - EXHIBIT 32.1 - BNSF RAILWAY CO | railway-12312014x10xkex321.htm |
| EX-31.1 - EXHIBIT 31.1 - BNSF RAILWAY CO | railway-12312014x10xkex311.htm |
| EX-31.2 - EXHIBIT 31.2 - BNSF RAILWAY CO | railway-12312014x10xkex312.htm |
| XML - IDEA: UNKNOWN FILE - BNSF RAILWAY CO | 0000015511-15-000004-OPC_errorLog.txt |
| 10-K - 10-K - BNSF RAILWAY CO | bnsfrailway-12312014x10xk.htm |
Exhibit 12.1
BNSF Railway Company and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
In millions, except ratio amounts
(Unaudited)
2014a | 2013a | 2012a | 2011a | February 13 - December 31, 2010a | January 1 - February 12, 2010a | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income before income taxes | $ | 7,041 | $ | 6,683 | $ | 5,954 | $ | 5,220 | $ | 3,899 | $ | 482 | ||||||||||||
Add: | ||||||||||||||||||||||||
Interest and other fixed charges, excluding capitalized interest | 44 | 57 | 55 | 73 | 72 | 16 | ||||||||||||||||||
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | 199 | 188 | 196 | 249 | 225 | 35 | ||||||||||||||||||
Distributed income of investees accounted for under the equity method | 7 | 7 | 6 | 6 | 5 | — | ||||||||||||||||||
Amortization of capitalized interest | 3 | 2 | 1 | 1 | — | 1 | ||||||||||||||||||
Less: | ||||||||||||||||||||||||
Equity in earnings of investments accounted for under the equity method | 16 | 14 | 14 | 15 | 15 | 1 | ||||||||||||||||||
Total earnings available for fixed charges | $ | 7,278 | $ | 6,923 | $ | 6,198 | $ | 5,534 | $ | 4,186 | $ | 533 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest and fixed charges | $ | 74 | $ | 86 | $ | 79 | $ | 93 | $ | 85 | $ | 17 | ||||||||||||
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | 199 | 188 | 196 | 249 | 225 | 35 | ||||||||||||||||||
Total fixed charges | $ | 273 | $ | 274 | $ | 275 | $ | 342 | $ | 310 | $ | 52 | ||||||||||||
Ratio of earnings to fixed charges | 26.66x | 25.27x | 22.54x | 16.18x | 13.50x | 10.25x | ||||||||||||||||||
a For the periods through February 12, 2010, amounts relate to BNSF Railway Company prior to Merger. For all periods on or after February 13, 2010, amounts relate BNSF Railway after Merger.
E-2