Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - BNSF RAILWAY CO | railway331201710-q.htm |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - BNSF RAILWAY CO | railway3312017-ex321.htm |
| EX-31.2 - SECTION 302 CERTIFICATION - BNSF RAILWAY CO | railway3312017-ex312.htm |
| EX-31.1 - SECTION 302 CERTIFICATION - BNSF RAILWAY CO | railway3312017-ex311.htm |
Exhibit 12.1
BNSF RAILWAY COMPANY and SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
(Unaudited)
Three Months Ended March 31, | ||||||
2017 | 2016 | |||||
Earnings: | ||||||
Income before income taxes | $ | 1,648 | $ | 1,545 | ||
Add: | ||||||
Interest and other fixed charges, excluding capitalized interest | 11 | 13 | ||||
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | 47 | 48 | ||||
Distributed income of investees accounted for under the equity method | 3 | 2 | ||||
Amortization of capitalized interest | 1 | 1 | ||||
Less: | ||||||
Equity in earnings of investments accounted for under the equity method | 5 | 1 | ||||
Total earnings available for fixed charges | $ | 1,705 | $ | 1,608 | ||
Fixed charges: | ||||||
Interest and fixed charges | $ | 17 | $ | 19 | ||
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | 47 | 48 | ||||
Total fixed charges | $ | 64 | $ | 67 | ||
Ratio of earnings to fixed charges | 26.64x | 24.00x | ||||
E-2