Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - BNSF RAILWAY CO | railway6301710-q.htm |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - BNSF RAILWAY CO | railway63017-ex321.htm |
| EX-31.2 - SECTION 302 CERTIFICATION - BNSF RAILWAY CO | railway63017-ex312.htm |
| EX-31.1 - SECTION 302 CERTIFICATION - BNSF RAILWAY CO | railway63017-ex311.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, | ||||||
2017 | 2016 | |||||
Earnings: | ||||||
Income before income taxes | $ | 3,485 | $ | 3,058 | ||
Add: | ||||||
Interest and other fixed charges, excluding capitalized interest | 21 | 28 | ||||
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | 94 | 95 | ||||
Distributed income of investees accounted for under the equity method | 5 | 4 | ||||
Amortization of capitalized interest | 2 | 2 | ||||
Less: | ||||||
Equity in earnings of investments accounted for under the equity method | 15 | 4 | ||||
Total earnings available for fixed charges | $ | 3,592 | $ | 3,183 | ||
Fixed charges: | ||||||
Interest and fixed charges | $ | 33 | $ | 41 | ||
Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor | 94 | 95 | ||||
Total fixed charges | $ | 127 | $ | 136 | ||
Ratio of earnings to fixed charges | 28.28x | 23.40x | ||||
E-2