Attached files
file | filename |
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10-K - FORM 10-K - BNSF RAILWAY CO | bnsfrailway-12312015x10xk.htm |
EX-31.1 - SECTION 302 CERTIFICATION - BNSF RAILWAY CO | railway-12312015x10xkex311.htm |
EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - BNSF RAILWAY CO | railway-12312015x10xkex321.htm |
EX-24.1 - POWER OF ATTORNEY - BNSF RAILWAY CO | railway-12312015x10xkex241.htm |
EX-31.2 - SECTION 302 CERTIFICATION - BNSF RAILWAY CO | railway-12312015x10xkex312.htm |
Exhibit 12.1
BNSF Railway Company and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
In millions, except ratio amounts
(Unaudited)
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before income taxes | $ | 7,843 | $ | 7,041 | $ | 6,683 | $ | 5,954 | $ | 5,220 | ||||||||||
Add: | ||||||||||||||||||||
Interest and other fixed charges, excluding capitalized interest | 35 | 44 | 57 | 55 | 73 | |||||||||||||||
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | 199 | 199 | 188 | 196 | 249 | |||||||||||||||
Distributed income of investees accounted for under the equity method | 14 | 7 | 7 | 6 | 6 | |||||||||||||||
Amortization of capitalized interest | 4 | 3 | 2 | 1 | 1 | |||||||||||||||
Less: | ||||||||||||||||||||
Equity in earnings of investments accounted for under the equity method | 16 | 16 | 14 | 14 | 15 | |||||||||||||||
Total earnings available for fixed charges | $ | 8,079 | $ | 7,278 | $ | 6,923 | $ | 6,198 | $ | 5,534 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest and fixed charges | $ | 69 | $ | 74 | $ | 86 | $ | 79 | $ | 93 | ||||||||||
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | 199 | 199 | 188 | 196 | 249 | |||||||||||||||
Total fixed charges | $ | 268 | $ | 273 | $ | 274 | $ | 275 | $ | 342 | ||||||||||
Ratio of earnings to fixed charges | 30.15x | 26.66x | 25.27x | 22.54x | 16.18x |
E-2