EX-12.(A) 3 dex12a.htm RATIO OF EARNINGS TO FIXED CHARGES FOR THE THREE MONTHS ENDED 06/30/2005 & 2004 Ratio of Earnings to Fixed Charges for the Three Months ended 06/30/2005 & 2004

Exhibit 12(a)

 

Ratio of Earnings to Fixed Charges

Union Pacific Corporation and Subsidiary Companies

(Unaudited)

 

     Three Months Ended
June 30,
  

Millions of Dollars, Except Ratios

    2005
     2004
  

Earnings:

                 

Net income

    $ 233     $ 158  

Equity earnings net of distributions

      (9 )     (11 )
    
 

Total earnings

      224       147  
    
 

Income taxes

      136       79  
    
 

Fixed charges:

                 

Interest expense including amortization of debt discount

      128       130  

Portion of rentals representing an interest factor

      51       51  
    
 

Total fixed charges

      179       181  
    
 

Earnings available for fixed charges

    $ 539     $ 407  
    
 

Ratio of earnings to fixed charges

      3.0       2.2