Attached files
| file | filename |
|---|---|
| EX-31.2 - SECTION 302 CERTIFICATION - BNSF RAILWAY CO | railway6302015-ex312.htm |
| EX-31.1 - SECTION 302 CERTIFICATION - BNSF RAILWAY CO | railway6302015-ex311.htm |
| 10-Q - FORM 10-Q - BNSF RAILWAY CO | railway630201510-q.htm |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - BNSF RAILWAY CO | railway6302015-ex321.htm |
Exhibit 12.1
BNSF RAILWAY COMPANY and SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
(Unaudited)
Six Months Ended June 30, | ||||||
2015 | 2014 | |||||
Earnings: | ||||||
Income before income taxes | $ | 3,763 | $ | 3,052 | ||
Add: | ||||||
Interest and other fixed charges, excluding capitalized interest | 12 | 24 | ||||
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | 100 | 96 | ||||
Distributed income of investees accounted for under the equity method | 4 | 4 | ||||
Amortization of capitalized interest | 2 | 1 | ||||
Less: | ||||||
Equity in earnings of investments accounted for under the equity method | 8 | 7 | ||||
Total earnings available for fixed charges | $ | 3,873 | $ | 3,170 | ||
Fixed charges: | ||||||
Interest and fixed charges | $ | 31 | $ | 37 | ||
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | 100 | 96 | ||||
Total fixed charges | $ | 131 | $ | 133 | ||
Ratio of earnings to fixed charges | 29.56x | 23.84x | ||||
E-2