BURLINGTON NORTHERN SANTA FE, LLC - FORM 8-K - EX-99.1 - BURLINGTON NORTHERN SANTA FE PRESS RELEASE

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Investor Contact: Linda Hurt

(817) 352-6452

Media Contact: John Ambler

(817) 867-6407

Burlington Northern Santa Fe Reports

Fourth Quarter/Full Year 2009 Results

·	Quarterly earnings were $1.55 per diluted share, which included a tax benefit of $0.25 per share related to a fourth-quarter donation.

·	Compared to fourth-quarter 2008 earnings of $1.78 per diluted share

·	Quarterly freight revenues were $3.57 billion, which included a decrease in fuel surcharges of $388 million.

·	Compared to fourth-quarter 2008 freight revenues of $4.25 billion

·	Loads handled decreased 12 percent

·	Quarterly operating expenses were $2.79 billion, which included a decrease of $138 million related to lower fuel prices.

·	Compared to fourth-quarter 2008 operating expenses of $3.26 billion

·	Strong cost controls

·	Decreased unit volumes

·	Full-year 2009 earnings per diluted share were $5.01.

·	Compared to full-year 2008 earnings of $6.06 per diluted share

FORT WORTH, Texas, January 21, 2010 - Burlington Northern Santa Fe Corporation (BNSF) (NYSE: BNI) today reported quarterly earnings of $1.55 per diluted share, which included a tax benefit of $0.25 per share related to the fourth-quarter donation of a portion of a line segment located in Washington State. This compared to fourth-quarter 2008 earnings of $1.78 per diluted share, which included a fuel surcharge lag benefit of about $200 million.

“We have seen some improvement in volumes during the second half of 2009 and expect this gradual improvement to continue,” said Matthew K. Rose, BNSF Chairman, President and Chief Executive Officer. “BNSF will continue to position itself to meet demand consistent with the pace of the economic recovery. And as we look forward into 2010, we are preparing to become part of the Berkshire Hathaway family, pending shareholder approval in February.”

Fourth-quarter 2009 freight revenues decreased $675 million, or 16 percent, to $3.57 billion compared with $4.25 billion in the prior year. The 16-percent decrease in revenues included a decrease in fuel surcharges of $388 million primarily driven by the unfavorable change in the fuel surcharge lag effect. The remaining variance was due to unit volumes, which were 12 percent lower as a result of the economic downturn, partially offset by improved yields.

Coal revenues decreased $181 million, or 17 percent, to $886 million on lower unit volumes driven by soft demand primarily due to economic conditions, low seasonal burn and weather-related challenges, partially offset by approximately $30 million for contract settlements and adjustments with specific customers. Agricultural Products revenues of $822 million were down $16 million, or 2 percent. Improved unit volumes, primarily driven by strong soybean exports, and improved yields were more than offset by a decrease in fuel surcharges. Industrial Products revenues fell $197 million, or 21 percent, to $722 million, which included a decline in unit volumes driven primarily by lower demand for construction and building products, partially offset by improved yields. Consumer Products revenues declined $281 million, or 20 percent, to $1.14 billion, on lower volumes due to economic conditions, partially offset by improved yields. Lower fuel surcharges impacted revenues in each of the business units.

Operating expenses for the fourth quarter of 2009 were $2.79 billion, a 14-percent reduction compared with fourth-quarter 2008 operating expenses of $3.26 billion. The $471 million decrease in operating expenses was principally due to strong cost controls, decreased unit volumes and lower fuel prices.

Full-year 2009 operating revenues were $14.0 billion compared to $18.0 billion for 2008. The decrease in operating revenues included lower fuel surcharges of $2.0 billion. Operating expenses for 2009 declined $3.4 billion, or 24 percent, over the prior year to $10.8 billion. Approximately half of the $3.4 billion reduction was due to lower fuel prices. The remaining decrease was due to strong cost controls and lower unit volumes.

Subsequent Event

On January 11, 2010, BNSF transferred operations which completed the sale of a line segment in the State of Washington, which will result in a gain of $74 million, or $0.13 per diluted share in the first quarter of 2010.

Burlington Northern Santa Fe Corporation’s subsidiary BNSF Railway Company operates one of the largest North American rail networks, with about 32,000 route miles in 28 states and two Canadian provinces. BNSF Railway Company is among the world's top transporters of intermodal traffic, moves more grain than any other American railroad, carries the components of many of the products we depend on daily, and hauls enough low-sulfur coal to generate about ten percent of the electricity produced in the United States. BNSF Railway Company is an industry leader in Web-enabling a variety of customer transactions at www.bnsf.com.

BNSF will not be conducting a fourth quarter earnings conference call.

Financial information follows:

	Quarterly earnings were $1.55 per diluted share, which included a tax benefit of $0.25 per share related to a donation. · Compared to fourth-quarter 2008 earnings of $1.78 per diluted share, which included a fuel surcharge lag benefit of about $200 million.
	Fourth-quarter operating income for 2009 was $895 million. · Compared to fourth-quarter 2008 operating income of $1.12 billion.
	Freight revenues decreased $675 million, or 16 percent, to $3.57 billion compared with the fourth quarter of 2008. · Loads handled decreased 12 percent. · Fuel surcharges declined by $388 million primarily driven by the unfavorable change in the fuel surcharge lag effect.
	Operating expenses of $2.79 billion were $471 million, or 14 percent, lower than fourth quarter 2008. · Strong cost controls. · Decreased unit volumes. · Lower fuel prices decreased fuel expense by $138 million.

Burlington Northern Santa Fe Corporation
Consolidated Income Information *
(Dollars in millions, except per share data)

		Three Months
		Ended December 31,						Year Ended December 31,
		2009			2008			2009			2008			2007
Operating revenues
Freight revenues	$	3,570		$	4,245		$	13,588	(a)	$	17,503		$	15,349
Other revenues		111			128			428			515			453
Total operating revenues		3,681			4,373			14,016			18,018			15,802

Operating expenses
Compensation and benefits		917			937			3,481			3,884			3,773
Fuel		643			955			2,372			4,640			3,327
Purchased services		477			533			1,873			2,133			2,023
Depreciation and amortization		402			358			1,537			1,397			1,293
Equipment rents		186			219			777			901			942
Materials and other		161			255			714			1,151	(b)		958	(c)
Total operating expenses		2,786			3,257			10,754			14,106			12,316

Operating income		895			1,116			3,262			3,912			3,486
Interest expense		151			137			613	(d)		533			511
Other expense, net		3			-			8			11			18

Income before income taxes		741			979			2,641			3,368			2,957
Income tax expense (e)		205			364			920			1,253			1,128

Net income	$	536		$	615		$	1,721		$	2,115		$	1,829

Diluted earnings per share	$	1.55		$	1.78		$	5.01		$	6.06		$	5.06

Operating ratio (f)		74.9	%		73.7	%		76.0	%		77.6	%		77.3	%


*	Certain comparative prior period amounts have been adjusted to conform to the current period presentation.

(a)	2009 includes a $66 million charge related to an unfavorable coal rate case decision.

(b)	Second quarter 2008 includes a $175 million increase in expense related to environmental matters in Montana.

(c)	2007 includes a first-quarter charge of $81 million for additional environmental expenses and a technology system write-off.

(d)	2009 includes a net $32 million loss on interest rate hedges and $8 million related to an unfavorable coal rate case decision.

(e)	Fourth quarter 2009 includes a $0.25 per diluted share tax benefit related to a donation.

(f)	Calculated as total operating expenses less other revenues divided by freight revenues.

Burlington Northern Santa Fe Corporation
Consolidated Income Information 2009 *
(Dollars in millions, except per share data)

														2009
		1st			2nd			3rd			4th			Full
		Quarter			Quarter			Quarter			Quarter			Year
Operating revenues
Freight revenues (a)	$	3,312		$	3,217		$	3,489		$	3,570		$	13,588
Other revenues		112			99			106			111			428
Total operating revenues		3,424			3,316			3,595			3,681			14,016

Operating expenses
Compensation and benefits		868			824			872			917			3,481
Fuel		614			509			606			643			2,372
Purchased services		477			466			453			477			1,873
Depreciation and amortization		370			379			386			402			1,537
Equipment rents		201			196			194			186			777
Materials and other		225			145			183			161			714
Total operating expenses		2,755			2,519			2,694			2,786			10,754

Operating income		669			797			901			895			3,262
Interest expense (b)		198			137			127			151			613
Other expense, net		3			1			1			3			8

Income before income taxes		468			659			773			741			2,641
Income tax expense (c)		175			255			285			205			920

Net income	$	293		$	404		$	488		$	536		$	1,721

Diluted earnings per share	$	0.86		$	1.18		$	1.42		$	1.55		$	5.01

Operating ratio (d)		79.8	%		75.2	%		74.2	%		74.9	%		76.0	%


*	Certain interim period amounts have been reclassified to conform to the current period presentation.

(a)	First quarter includes a $96 million charge related to an unfavorable coal rate case decision. Third quarter includes a $30 million favorable adjustment to the charge taken in the first quarter related to the unfavorable coal rate case decision.

(b)	First quarter includes a $42 million loss on interest rate hedges and $9 million related to an unfavorable coal rate case decision. Second quarter includes a $10 million gain on interest rate hedges and third quarter includes a $1 million favorable adjustment related to the charge taken in the first quarter related to the unfavorable coal rate case decision.

(c)	Fourth quarter 2009 includes a $0.25 per diluted share tax benefit related to a donation.

(d)	Calculated as total operating expenses less other revenues divided by freight revenues.

Burlington Northern Santa Fe Corporation
Consolidated Income Information 2008 *
(Dollars in millions, except per share data)

														2008
		1st			2nd			3rd			4th			Full
		Quarter			Quarter			Quarter			Quarter			Year
Operating revenues
Freight revenues	$	4,143		$	4,349		$	4,766		$	4,245		$	17,503
Other revenues		118			129			140			128			515
Total operating revenues		4,261			4,478			4,906			4,373			18,018

Operating expenses
Compensation and benefits		983			951			1,013			937			3,884
Fuel		1,045			1,291			1,349			955			4,640
Purchased services		524			539			537			533			2,133
Depreciation and amortization		341			349			349			358			1,397
Equipment rents		230			223			229			219			901
Materials and other (a)		263			411			222			255			1,151
Total operating expenses		3,386			3,764			3,699			3,257			14,106

Operating income		875			714			1,207			1,116			3,912
Interest expense		134			140			122			137			533
Other expense, net		−			5			6			−			11

Income before income taxes		741			569			1,079			979			3,368
Income tax expense		286			219			384			364			1,253

Net income	$	455		$	350		$	695		$	615		$	2,115

Diluted earnings per share	$	1.29		$	1.00		$	1.99		$	1.78		$	6.06

Operating ratio (b)		78.9	%		83.6	%		74.7	%		73.7	%		77.6	%

*	Certain comparative prior period amounts have been adjusted to conform to the current period presentation.
(a)	Second quarter includes a $175 million increase in expense related to environmental matters in Montana.
(b)	Calculated as total operating expenses less other revenues divided by freight revenues.

Burlington Northern Santa Fe Corporation
Consolidated Balance Sheet Information *
(Dollars in millions, except per share amounts)

		December 31,
		2009			2008
Assets
Current assets:
Cash and cash equivalents	$	1,269		$	633
Accounts receivable, net		787			847
Materials and supplies		633			525
Current portion of deferred income taxes		290			442
Other current assets		277			218
Total current assets		3,256			2,665

Property and equipment, net		32,294			30,847

Other assets		3,125			2,891

Total assets	$	38,675		$	36,403

Liabilities and stockholders' equity
Current liabilities:
Accounts payable and other current liabilities	$	2,695		$	3,190
Long-term debt due within one year		644			456
Total current liabilities		3,339			3,646

Long-term debt		9,691			9,099
Deferred income taxes		9,322			8,590
Casualty and environmental liabilities		899			959
Pension and retiree health and welfare liability		783			1,047
Other liabilities		1,843			1,931
Total liabilities		25,877			25,272

Stockholders' equity:
Common stock and additional paid-in capital		7,781			7,636
Retained earnings		13,941			12,764
Treasury stock and other		(8,924	)		(9,269	)
Total stockholders' equity		12,798			11,131

Total liabilities and stockholders' equity	$	38,675		$	36,403

Book value per share	$	37.56		$	32.82
Common shares outstanding (in millions)		340.7			339.2

*	Certain comparative prior period amounts have been adjusted to conform to the current period presentation.

Burlington Northern Santa Fe Corporation
Consolidated Cash Flow Information *
(in millions)

		Three Months
		Ended December 31,						Year Ended December 31,
		2009			2008			2009			2008			2007
Operating activities

Net income	$	536		$	615		$	1,721		$	2,115		$	1,829
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		402			358			1,537			1,397			1,293
Deferred income taxes		154			169			612			417			280
Long-term casualty and environmental liabilities, net		(59	)		(31	)		(90	)		150			26
Other, net		(226	)		27			(210	)		66			162
Changes in accounts receivable sales program		−			(528	)		(50	)		(250	)		−
Other changes in working capital		(32	)		64			(107	)		82			(98	)

Net cash provided by operating activities		775			674			3,413			3,977			3,492

Investing activities

Capital expenditures excluding equipment		(322	)		(463	)		(1,991	)		(2,167	)		(2,248	)
Acquisition of equipment		(118	)		(273	)		(733	)		(949	)		(745	)
Proceeds from sale of equipment financed		−			158			368			348			778
Construction costs for facility financing obligation		(1	)		(26	)		(37	)		(64	)		(37	)
Other, net		(77	)		(88	)		(244	)		(241	)		(163	)

Net cash used for investing activities		(518	)		(692	)		(2,637	)		(3,073	)		(2,415	)

Financing activities

Net (payments) borrowings		(56	)		557			296			772			234
Dividends paid		(137	)		(137	)		(546	)		(471	)		(380	)
Purchase of BNSF common stock		(1	)		(269	)		(16	)		(1,147	)		(1,265	)
Proceeds from stock options exercised		33			4			59			91			142
Proceeds from facility financing obligation		−			18			51			68			41
Other, net		12			2			16			86			106

Net cash (used for) provided by financing activities		(149	)		175			(140	)		(601	)		(1,122	)
Increase (decrease) in cash and cash equivalents		108			157			636			303			(45	)

Cash and cash equivalents:
Beginning of period		1,161			476			633			330			375
End of period	$	1,269		$	633		$	1,269		$	633		$	330

*	Certain comparative prior period amounts have been adjusted to conform to the current period presentation.

Burlington Northern Santa Fe Corporation
Consolidated Cash Flow Information
(in millions)

														2009
		1st			2nd			3rd			4th			Full
		Quarter			Quarter			Quarter			Quarter			Year
Operating activities

Net income	$	293		$	404		$	488		$	536		$	1,721
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		370			379			386			402			1,537
Deferred income taxes		90			168			200			154			612
Long-term casualty and environmental liabilities, net		(1	)		(29	)		(1	)		(59	)		(90	)
Other, net		49			(34	)		1			(226	)		(210	)
Changes in accounts receivable sales program		(50	)		−			−			−			(50	)
Other changes in working capital		(17	)		(100	)		42			(32	)		(107	)

Net cash provided by operating activities		734			788			1,116			775			3,413

Investing activities

Capital expenditures excluding equipment		(462	)		(620	)		(587	)		(322	)		(1,991	)
Acquisition of equipment		(286	)		(170	)		(159	)		(118	)		(733	)
Proceeds from sale of equipment financed		368			−			−			−			368
Construction costs for facility financing obligation		(13	)		(18	)		(5	)		(1	)		(37	)
Other, net		2			(98	)		(71	)		(77	)		(244	)

Net cash used for investing activities		(391	)		(906	)		(822	)		(518	)		(2,637	)

Financing activities

Net (payments) borrowings		(251	)		96			507			(56	)		296
Dividends paid		(136	)		(137	)		(136	)		(137	)		(546	)
Purchase of BNSF common stock		(4	)		(8	)		(3	)		(1	)		(16	)
Proceeds from stock options exercised		8			4			14			33			59
Proceeds from facility financing obligation		15			36			−			−			51
Other, net		2			1			1			12			16

Net cash (used for) provided by financing activities		(366	)		(8	)		383			(149	)		(140	)
(Decrease) increase in cash and cash equivalents		(23	)		(126	)		677			108			636

Cash and cash equivalents:
Beginning of period		633			610			484			1,161			633
End of period	$	610		$	484		$	1,161		$	1,269		$	1,269

Burlington Northern Santa Fe Corporation
Operating Statistics *

		Three Months
		Ended December 31,				Year Ended December 31,
		2009		2008		2009			2008			2007
Revenue Statistics

Cars / units (in thousands)		2,112		2,409		8,418			9,994			10,318

Average revenue per car / unit	$	1,690	$	1,762	$	1,622	(a)	$	1,751		$	1,488

Average length of haul (miles)		1,128		1,097		1,108			1,090			1,079

Revenue ton miles (in millions)		150,047		161,941		593,573			664,384			657,572

Freight revenue / thousand GTM	$	14.31	$	15.65	$	13.87	(a)	$	15.63		$	13.69

Freight revenue / thousand RTM	$	23.79	$	26.21	$	23.00	(a)	$	26.34		$	23.34

Operating / Productivity Statistics

Operating Expense
Gross ton miles (in millions)		249,476		271,252		984,120			1,119,616			1,121,255

Operating expense / thousand GTM	$	11.17	$	12.01	$	10.93		$	12.60	(b)	$	10.98	(c)

Thousand GTM / average employee		6,948		6,660		26,339			27,360			27,058

Compensation
Average employees		35,908		40,729		37,363			40,922			41,439

Compensation and benefits / average employee	$	25,542	$	23,025	$	93,153		$	94,923		$	91,054

Compensation and benefits / thousand GTM	$	3.68	$	3.45	$	3.54		$	3.47		$	3.36

Fuel (d)
GTM / gallon of fuel		837		782		821			791			778

Gallons of fuel used (in millions)		298		347		1,198			1,415			1,442

Average price per gallon of fuel (e)	$	2.07	$	2.63	$	1.89		$	3.16		$	2.22

Velocity
Locomotive miles per day		311.1		292.6		307.9			296.6			299.5

Car miles per day		231.3		219.7		230.0			207.1			198.2

Certain comparative prior period amounts have been adjusted to conform to the current period presentation.

(a)

Coal revenues on a GAAP basis were $3,564 million for the year ended December 31, 2009. However, for comparative purposes the table above excludes (from coal revenues and from the computation of amounts derived therefrom) a $66 million unfavorable impact related to a coal rate case decision for the year ended December 31, 2009.

(b)

Second quarter 2008 includes a $175 million increase in expense related to environmental matters in Montana.

(c)

2007 includes a first-quarter charge of $81 million for additional environmental expenses and a technology system write-off.

(d)

Fuel statistics are based on locomotive diesel fuel.

(e)

Includes handling, taxes and hedge effect.

Burlington Northern Santa Fe Corporation
Operating Statistics
										2009
		1st		2nd		3rd		4th		Full
		Quarter		Quarter		Quarter		Quarter		Year
Revenue Statistics

Cars / units (in thousands)		2,128		2,041		2,137		2,112		8,418

Average revenue per car / unit (a)	$	1,602	$	1,576	$	1,619	$	1,690	$	1,622

Average length of haul (miles)		1,099		1,110		1,096		1,128		1,108

Revenue ton miles (in millions)		149,148		143,703		150,675		150,047		593,573

Freight revenue / thousand GTM (a)	$	13.80	$	13.50	$	13.88	$	14.31	$	13.87

Freight revenue / thousand RTM (a)	$	22.85	$	22.39	$	22.96	$	23.79	$	23.00

Operating / Productivity Statistics

Operating Expense
Gross ton miles (in millions)		247,008		238,376		249,260		249,476		984,120

Operating expense / thousand GTM	$	11.15	$	10.57	$	10.81	$	11.17	$	10.93

Thousand GTM / average employee		6,421		6,320		6,672		6,948		26,339

Compensation
Average employees		38,468		37,715		37,359		35,908		37,363

Compensation and benefits / average employee	$	22,561	$	21,848	$	23,326	$	25,542	$	93,153

Compensation and benefits / thousand GTM	$	3.51	$	3.46	$	3.49	$	3.68	$	3.54

Fuel (b)
GTM / gallon of fuel		777		816		860		837		821

Gallons of fuel used (in millions)		318		292		290		298		1,198

Average price per gallon of fuel (c)	$	1.85	$	1.65	$	1.99	$	2.07	$	1.89

Velocity
Locomotive miles per day		298.6		310.9		312.1		311.1		307.9

Car miles per day		224.0		236.1		229.2		231.3		230.0

(a)

Coal revenues on a GAAP basis were $863 million and $940 million for the three month periods ended March 31, 2009 and September 30, 2009, respectively. However, for comparative purposes the table above excludes (from coal revenues and from the computation of amounts derived therefrom) a $96 million unfavorable and $30 million favorable impact related to a coal rate case decision for the three month periods ended March 31, 2009 and September 30, 2009, respectively.

(b)

Fuel statistics are based on locomotive diesel fuel.

(c)

Includes handling, taxes and hedge effect.

Burlington Northern Santa Fe Corporation
Revenue Statistics by Commodity


		Three Months											08-09
		Ended December 31,			Percent			Year Ended December 31,					Percent
Revenues (in millions)		2009		2008	Change			2009		2008		2007	Change

Domestic Intermodal	$	557	$	681	(18.2	) %	$	2,110	$	2,830	$	2,541	(25.4	) %
International Intermodal		486		626	(22.4	)		1,869		2,721		2,627	(31.3	)
Automotive		97		114	(14.9	)		337		513		496	(34.3	)
Total Consumer Products		1,140		1,421	(19.8	)		4,316		6,064		5,664	(28.8	)

Coal (a)		886		1,067	(17.0	)		3,630		3,970		3,279	(8.6	)
Industrial Products		722		919	(21.4	)		2,874		4,028		3,684	(28.6	)
Agricultural Products		822		838	(1.9	)		2,834		3,441		2,722	(17.6	)
Total freight revenue		3,570		4,245	(15.9	)		13,654		17,503		15,349	(22.0	)
Other revenue		111		128	(13.3	)		428		515		453	(16.9	)
Total revenues	$	3,681	$	4,373	(15.8	) %	$	14,082	$	18,018	$	15,802	(21.8	) %

Cars/units (in thousands)
Domestic Intermodal		478		534	(10.5	) %		1,859		2,132		2,097	(12.8	) %
International Intermodal		493		599	(17.7	)		1,954		2,542		2,886	(23.1	)
Automotive		28		30	(6.7	)		98		144		166	(31.9	)
Total Consumer Products		999		1,163	(14.1	)		3,911		4,818		5,149	(18.8	)

Coal		570		648	(12.0	)		2,390		2,516		2,472	(5.0	)
Industrial Products		284		353	(19.5	)		1,172		1,598		1,664	(26.7	)
Agricultural Products		259		245	5.7			945		1,062		1,033	(11.0	)
Total cars/units		2,112		2,409	(12.3	) %		8,418		9,994		10,318	(15.8	) %

Average revenue per car/unit
Domestic Intermodal	$	1,165	$	1,275	(8.6	) %	$	1,135	$	1,327	$	1,212	(14.5	) %
International Intermodal		986		1,045	(5.6	)		956		1,070		910	(10.7	)
Automotive		3,464		3,800	(8.8	)		3,439		3,563		2,988	(3.5	)
Total Consumer Products		1,141		1,222	(6.6	)		1,104		1,259		1,100	(12.3	)

Coal (a)		1,554		1,647	(5.6	)		1,519		1,578		1,326	(3.7	)
Industrial Products		2,542		2,603	(2.3	)		2,452		2,521		2,214	(2.7	)
Agricultural Products		3,174		3,420	(7.2	)		2,999		3,240		2,635	(7.4	)
Average revenue per car/unit	$	1,690	$	1,762	(4.1	) %	$	1,622	$	1,751	$	1,488	(7.4	) %

Revenue ton miles (in millions)
Domestic Intermodal		12,374		13,604	(9.0	) %		48,520		54,555		52,492	(11.1	) %
International Intermodal		15,665		16,748	(6.5	)		60,489		74,942		82,526	(19.3	)
Automotive		1,040		1,068	(2.6	)		3,733		5,304		6,123	(29.6	)
Total Consumer Products		29,079		31,420	(7.5	)		112,742		134,801		141,141	(16.4	)

Coal		66,314		75,943	(12.7	)		280,287		291,513		280,365	(3.9	)
Industrial Products		21,893		25,069	(12.7	)		87,206		113,125		117,338	(22.9	)
Agricultural Products		32,761		29,509	11.0			113,338		124,945		118,728	(9.3	)
Total revenue ton miles		150,047		161,941	(7.3	) %		593,573		664,384		657,572	(10.7	) %

Freight revenue per thousand ton miles
Domestic Intermodal	$	45.01	$	50.06	(10.1	) %	$	43.49	$	51.87	$	48.41	(16.2	) %
International Intermodal		31.02		37.38	(17.0	)		30.90		36.31		31.83	(14.9	)
Automotive		93.27		106.74	(12.6	)		90.28		96.72		81.01	(6.7	)
Total Consumer Products		39.20		45.23	(13.3	)		38.28		44.98		40.13	(14.9	)

Coal (a)		13.36		14.05	(4.9	)		12.95		13.62		11.70	(4.9	)
Industrial Products		32.98		36.66	(10.0	)		32.96		35.61		31.40	(7.4	)
Agricultural Products		25.09		28.40	(11.7	)		25.00		27.54		22.93	(9.2	)
Freight revenue per thousand ton miles	$	23.79	$	26.21	(9.2	) %	$	23.00	$	26.34	$	23.34	(12.7	) %

(a) Coal revenues on a GAAP basis were $3,564 million for the year ended December 31, 2009. For comparative purposes, the table above excludes the impact related to the coal rate decision (see note (a) on page 11).

Burlington Northern Santa Fe Corporation
Revenue Statistics by Commodity
										2009
		1st		2nd		3rd		4th		Full
Revenues (in millions)		Quarter		Quarter		Quarter		Quarter		Year

Domestic Intermodal	$	515	$	512	$	526	$	557	$	2,110
International Intermodal		462		444		477		486		1,869
Automotive		74		82		84		97		337
Total Consumer Products		1,051		1,038		1,087		1,140		4,316

Coal (a)		959		875		910		886		3,630
Industrial Products		719		686		747		722		2,874
Agricultural Products		679		618		715		822		2,834
Total freight revenue		3,408		3,217		3,459		3,570		13,654
Other revenue		112		99		106		111		428
Total revenues	$	3,520	$	3,316	$	3,565	$	3,681	$	14,082

Cars/units (in thousands)
Domestic Intermodal		458		460		463		478		1,859
International Intermodal		497		474		490		493		1,954
Automotive		21		24		25		28		98
Total Consumer Products		976		958		978		999		3,911

Coal		627		589		604		570		2,390
Industrial Products		298		282		308		284		1,172
Agricultural Products		227		212		247		259		945
Total cars/units		2,128		2,041		2,137		2,112		8,418

Average revenue per car/unit
Domestic Intermodal	$	1,124	$	1,113	$	1,136	$	1,165	$	1,135
International Intermodal		930		937		973		986		956
Automotive		3,524		3,417		3,360		3,464		3,439
Total Consumer Products		1,077		1,084		1,111		1,141		1,104

Coal (a)		1,530		1,486		1,507		1,554		1,519
Industrial Products		2,413		2,433		2,425		2,542		2,452
Agricultural Products		2,991		2,915		2,895		3,174		2,999
Average revenue per car/unit	$	1,602	$	1,576	$	1,619	$	1,690	$	1,622

Revenue ton miles (in millions)
Domestic Intermodal		11,867		12,125		12,154		12,374		48,520
International Intermodal		14,700		14,959		15,165		15,665		60,489
Automotive		793		940		960		1,040		3,733
Total Consumer Products		27,360		28,024		28,279		29,079		112,742

Coal		73,245		69,475		71,253		66,314		280,287
Industrial Products		21,301		21,060		22,952		21,893		87,206
Agricultural Products		27,242		25,144		28,191		32,761		113,338
Total revenue ton miles		149,148		143,703		150,675		150,047		593,573

Freight revenue per thousand ton miles
Domestic Intermodal	$	43.40	$	42.23	$	43.28	$	45.01	$	43.49
International Intermodal		31.43		29.68		31.45		31.02		30.90
Automotive		93.32		87.23		87.50		93.27		90.28
Total Consumer Products		38.41		37.04		38.44		39.20		38.28

Coal (a)		13.09		12.59		12.77		13.36		12.95
Industrial Products		33.75		32.57		32.55		32.98		32.96
Agricultural Products		24.92		24.58		25.36		25.09		25.00
Freight revenue per thousand ton miles	$	22.85	$	22.39	$	22.96	$	23.79	$	23.00

(a) Coal revenues on a GAAP basis were $863 million and $940 million for the three month periods ended March 31, 2009 and September 30, 2009, respectively. However, for comparative purposes the table above excludes (from coal revenues and from the computation of amounts derived therefrom) a $96 million unfavorable and $30 million favorable impact related to a coal rate case decision for the three month periods ended March 31, 2009 and September 30, 2009, respectively.

Burlington Northern Santa Fe Corporation
Capital Expenditures *


		Three Months
		Ended December 31,				Year Ended December 31,
		2009		2008		2009		2008		2007
Capital expenditures excluding equipment (in millions)
Engineering
Rail	$	34	$	89	$	416	$	429	$	376
Ties		36		69		391		358		316
Surfacing		50		45		252		230		235
Other		127		138		546		544		432
Total engineering		247		341		1,605		1,561		1,359
Mechanical		21		52		107		168		141
Other		22		46		110		133		105
Total replacement capital		290		439		1,822		1,862		1,605

Information services		24		12		83		83		75
Terminal and line expansion		8		12		86		222		568
Total capital expenditures excluding equipment	$	322	$	463	$	1,991	$	2,167	$	2,248

Acquisition of equipment	$	118	$	273	$	733	$	949	$	745

Track miles of rail laid
Replacement capital		54		186		904		885		773
Expansion projects		2		5		19		48		183
Total		56		191		923		933		956

Cross ties inserted (thousands)
Replacement capital		182		651		3,284		3,038		2,708
Expansion projects		4		9		26		129		418
Total		186		660		3,310		3,167		3,126

Track resurfaced (miles)		2,833		2,397		15,456		13,005		11,687


*	Certain comparative prior period amounts have been adjusted to conform to the current period presentation.

Burlington Northern Santa Fe Corporation
Capital Expenditures *

										2009
		1st		2nd		3rd		4th		Full
		Quarter		Quarter		Quarter		Quarter		Year
Capital expenditures excluding equipment (in millions)
Engineering
Rail	$	110	$	138	$	134	$	34	$	416
Ties		87		144		124		36		391
Surfacing		42		78		82		50		252
Other		108		157		154		127		546
Total engineering		347		517		494		247		1,605
Mechanical		37		25		24		21		107
Other		28		30		30		22		110
Total replacement capital		412		572		548		290		1,822

Information services		19		24		16		24		83
Terminal and line expansion		31		24		23		8		86
Total capital expenditures excluding equipment	$	462	$	620	$	587	$	322	$	1,991

Acquisition of equipment	$	286	$	170	$	159	$	118	$	733

Track miles of rail laid
Replacement capital		205		318		327		54		904
Expansion projects		12		-		5		2		19
Total		217		318		332		56		923

Cross ties inserted (thousands)
Replacement capital		769		1,223		1,110		182		3,284
Expansion projects		10		3		9		4		26
Total		779		1,226		1,119		186		3,310

Track resurfaced (miles)		2,351		5,015		5,257		2,833		15,456

Certain interim period amounts have been reclassified to conform to the current period presentation.

Burlington Northern Santa Fe Corporation
Outstanding Debt
(Dollars in millions)

		December 31,
		2009		2008

Notes and debentures, weighted average rate of 6.0 percent, due 2010 to 2097 *	$	8,095	$	7,593

Equipment obligations, weighted average rate of 6.2 percent, due 2010 to 2027		271		244

Capitalized lease obligations, weighted average rate of 5.5 percent, due 2010 to 2028		1,589		1,281

Mortgage bonds, weighted average rate of 5.9 percent, due 2010 to 2047		94		97

Financing obligations, weighted average rate of 6.2 percent, due 2010 to 2028		323		278

Commercial paper		-		100

Unamortized discount and other, net		(37)		(38)

Total outstanding debt		10,335		9,555

Less: current portion of long-term debt		(644)		(456)

Long-term debt	$	9,691	$	9,099

Notes and debentures include a fair value adjustment increase for hedges of $26 million and $73 million at December 31, 2009 and 2008, respectively.

BURLINGTON NORTHERN SANTA FE, LLC - FORM 8-K - EX-99.1 - BURLINGTON NORTHERN SANTA FE PRESS RELEASE - January 21, 2010

Attached files

BURLINGTON NORTHERN SANTA FE, LLC Reports