Attached files
| file | filename |
|---|---|
| EX-21 - EX-21 - UNION PACIFIC CORP | unp-20151231ex214fda4f6.htm |
| EX-10.(B) - EX-10.(B) - UNION PACIFIC CORP | unp-20151231ex10b1a89f4.htm |
| EX-10.(A) - EX-10.(A) - UNION PACIFIC CORP | unp-20151231ex10a6f5b90.htm |
| EX-10.(C) - EX-10.(C) - UNION PACIFIC CORP | unp-20151231ex10ca050a1.htm |
| EX-31.(A) - EX-31.(A) - UNION PACIFIC CORP | unp-20151231ex31a03d2a7.htm |
| EX-31.(B) - EX-31.(B) - UNION PACIFIC CORP | unp-20151231ex31b950d2e.htm |
| 10-K - 10-K - UNION PACIFIC CORP | unp-20151231x10k.htm |
| EX-24 - EX-24 - UNION PACIFIC CORP | unp-20151231xex24.htm |
| EX-32 - EX-32 - UNION PACIFIC CORP | unp-20151231xex32.htm |
| EX-23 - EX-23 - UNION PACIFIC CORP | unp-20151231xex23.htm |
Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES
Union Pacific Corporation and Subsidiary Companies
|
Millions, Except for Ratios |
2015 | 2014 | 2013 | 2012 | 2011 | |||||
|
Fixed charges: |
||||||||||
|
Interest expense including |
||||||||||
|
amortization of debt discount |
$ |
622 |
$ |
561 |
$ |
526 |
$ |
535 |
$ |
572 |
|
Portion of rentals representing an interest factor |
93 | 101 | 121 | 132 | 135 | |||||
|
Total fixed charges |
$ |
715 |
$ |
662 |
$ |
647 |
$ |
667 |
$ |
707 |
|
Earnings available for fixed charges: |
||||||||||
|
Net income |
$ |
4,772 |
$ |
5,180 |
$ |
4,388 |
$ |
3,943 |
$ |
3,292 |
|
Equity earnings net of distributions |
(63) | (59) | (57) | (55) | (38) | |||||
|
Income taxes |
2,884 | 3,163 | 2,660 | 2,375 | 1,972 | |||||
|
Fixed charges |
715 | 662 | 647 | 667 | 707 | |||||
|
Earnings available for fixed charges |
$ |
8,308 |
$ |
8,946 |
$ |
7,638 |
$ |
6,930 |
$ |
5,933 |
|
Ratio of earnings to fixed charges |
11.6 | 13.5 | 11.8 | 10.4 | 8.4 | |||||