Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - CSX CORP | d911193d8k.htm |
| EX-1.1 - EX-1.1 - CSX CORP | d911193dex11.htm |
| EX-4.2 - EX-4.2 - CSX CORP | d911193dex42.htm |
| EX-4.1 - EX-4.1 - CSX CORP | d911193dex41.htm |
| EX-5.1.2 - EX-5.1.2 - CSX CORP | d911193dex512.htm |
| EX-5.1.1 - EX-5.1.1 - CSX CORP | d911193dex511.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
CSX Corporation
Ratio of Earnings to Fixed Charges
(Millions of Dollars)
| For the Three Months Ended March 27, 2015 |
For the Fiscal Years Ended |
|||||||||||||||||||||||
| Dec. 26, 2014 | Dec. 27, 2013 | Dec. 28, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | ||||||||||||||||||||
| EARNINGS: |
||||||||||||||||||||||||
| Earnings before Income Taxes |
$ | 711 | 3,044 | $ | 2,922 | $ | 2,971 | $ | 2,940 | $ | 2,527 | |||||||||||||
| Interest Expense |
134 | 545 | 561 | 566 | 552 | 557 | ||||||||||||||||||
| Amortization of debt discount |
(1 | ) | (3 | ) | (3 | ) | (3 | ) | (3 | ) | (3 | ) | ||||||||||||
| Interest Portion of Fixed Rent |
21 | 21 | 26 | 27 | 29 | 31 | ||||||||||||||||||
| Undistributed Earnings of Unconsolidated Subsidiaries |
(5 | ) | (43 | ) | (42 | ) | (29 | ) | (30 | ) | (33 | ) | ||||||||||||
| Earnings, as Adjusted |
$ | 860 | 3,564 | $ | 3,464 | $ | 3,532 | $ | 3,488 | $ | 3,079 | |||||||||||||
| FIXED CHARGES: |
||||||||||||||||||||||||
| Interest Expense |
$ | 134 | 545 | $ | 561 | $ | 566 | $ | 552 | $ | 557 | |||||||||||||
| Capitalized Interest |
8 | 26 | 21 | 20 | 15 | 10 | ||||||||||||||||||
| Amortization of debt discount |
(1 | ) | (3 | ) | (3 | ) | (3 | ) | (3 | ) | (3 | ) | ||||||||||||
| Interest Portion of Fixed Rent |
21 | 21 | 26 | 27 | 29 | 31 | ||||||||||||||||||
| Fixed Charges |
$ | 162 | 590 | $ | 606 | $ | 610 | $ | 593 | $ | 595 | |||||||||||||
| Ratio of Earnings to Fixed Charges |
5.3x | 6.0x | 5.7x | 5.8x | 5.9x | 5.2x | ||||||||||||||||||