Attached files
| file | filename |
|---|---|
| EX-1.1 - UNDERWRITING AGREEMENT - CSX CORP | dex11.htm |
| EX-4.2 - FORM OF 2020 NOTES - CSX CORP | dex42.htm |
| EX-4.1 - ACTION OF AUTHORIZED PRICING OFFICERS - CSX CORP | dex41.htm |
| EX-4.3 - FORM OF 2041 NOTES - CSX CORP | dex43.htm |
| EX-5.1 - OPINION OF DAVIS POLK & WARDWELL LLP - CSX CORP | dex51.htm |
| 8-K - FORM 8-K - CSX CORP | d8k.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 Nine Months Ended |
For the Fiscal Years Ended | |||||||||||||||||||||||
| Sept. 24, 2010 | Dec. 25, 2009 | Dec. 26, 2008 | Dec. 28, 2007 | Dec. 29, 2006 | Dec. 30, 2005 | |||||||||||||||||||
| EARNINGS: |
||||||||||||||||||||||||
| Earnings before Income Taxes |
$ | 1,845 | $ | 1,746 | $ | 2,332 | $ | 1,935 | $ | 1,841 | $ | 1,014 | ||||||||||||
| Interest Expense |
408 | 558 | 519 | 417 | 392 | 423 | ||||||||||||||||||
| Amortization of debt discount |
— | — | — | — | 4 | 5 | ||||||||||||||||||
| Interest Portion of Fixed Rent |
16 | 26 | 32 | 38 | 47 | 56 | ||||||||||||||||||
| Undistributed Earnings of Unconsolidated Subsidiaries |
(28 | ) | (42 | ) | (75 | ) | (61 | ) | (48 | ) | (56 | ) | ||||||||||||
| Earnings, as Adjusted |
$ | 2,241 | $ | 2,288 | $ | 2,808 | $ | 2,329 | $ | 2,236 | $ | 1,442 | ||||||||||||
| FIXED CHARGES: |
||||||||||||||||||||||||
| Interest Expense |
$ | 408 | $ | 558 | $ | 519 | $ | 417 | $ | 392 | $ | 423 | ||||||||||||
| Capitalized Interest |
5 | 7 | 7 | 5 | 3 | 3 | ||||||||||||||||||
| Amortization of debt discount |
— | — | — | — | 4 | 5 | ||||||||||||||||||
| Interest Portion of Fixed Rent |
16 | 26 | 32 | 38 | 47 | 56 | ||||||||||||||||||
| Fixed Charges |
$ | 429 | $ | 591 | $ | 558 | $ | 460 | $ | 446 | $ | 487 | ||||||||||||
| Ratio of Earnings to Fixed Charges |
5.2 | x | 3.9 | x | 5.0 | x | 5.1 | x | 5.0 | x | 3.0 | x | ||||||||||||