EX-12.A 2 unp-20180630xex12_a.htm EX-12.A EX-12(A)

Exhibit 12(a)



RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)

Union Pacific Corporation and Subsidiary Companies





 

 

 

 



 

 

 

 

Millions, Except for Ratios

 

 

 

 

for the Three Months Ended June 30,

 2018  2017 

Fixed charges:

 

 

 

 

  Interest expense including amortization of debt discount

$

 203 

$

 179 

  Portion of rentals representing an interest factor

 

 15 

 

 18 

Total fixed charges

$

 218 

$

 197 

Earnings available for fixed charges:

 

 

 

 

  Net income

$

 1,509 

$

 1,168 

  Equity earnings net of distributions

 

 (57)

 

 (6)

  Income taxes

 

 429 

 

 701 

  Fixed charges

 

 218 

 

 197 

Earnings available for fixed charges

$

 2,099 

$

 2,060 

Ratio of earnings to fixed charges

 

 9.6 

 

 10.5