Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - BNSF RAILWAY CO | railway930201510-q.htm |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - BNSF RAILWAY CO | railway9302015-ex321.htm |
| EX-31.1 - SECTION 302 CERTIFICATION - BNSF RAILWAY CO | railway9302015-ex311.htm |
| EX-31.2 - SECTION 302 CERTIFICATION - BNSF RAILWAY CO | railway9302015-ex312.htm |
Exhibit 12.1
BNSF RAILWAY COMPANY and SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
(Unaudited)
Nine Months Ended September 30, | ||||||
2015 | 2014 | |||||
Earnings: | ||||||
Income before income taxes | $ | 5,860 | $ | 4,935 | ||
Add: | ||||||
Interest and other fixed charges, excluding capitalized interest | 23 | 34 | ||||
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | 149 | 148 | ||||
Distributed income of investees accounted for under the equity method | 5 | 5 | ||||
Amortization of capitalized interest | 3 | 2 | ||||
Less: | ||||||
Equity in earnings of investments accounted for under the equity method | 12 | 13 | ||||
Total earnings available for fixed charges | $ | 6,028 | $ | 5,111 | ||
Fixed charges: | ||||||
Interest and fixed charges | $ | 51 | $ | 56 | ||
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | 149 | 148 | ||||
Total fixed charges | $ | 200 | $ | 204 | ||
Ratio of earnings to fixed charges | 30.14x | 25.05x | ||||
E-2