EX-12.1 6 dex121.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges CSX Corporation Ratio of Earnings to Fixed Charges (Millions of Dollars)
For the Three Months Ended For the Fiscal Years Ended -------------------- ------------------------------------------------- Mar. 30, Mar. 31, Dec. 29, Dec. 31, Dec. 25, Dec. 26, Dec. 27, 2001 2000 2000 1999 1998 1997 1996 --------- ---------- -------- --------- --------- ---------- --------- EARNINGS: Earnings Before Income Taxes $27 $35 $277 $104 $744 $1,159 $1,299 Interest Expense 131 134 543 521 506 451 249 Amortization of Debt Discount (1) - 1 - 1 4 2 Interest Portion of Fixed Rent 23 27 109 151 183 196 188 Undistributed Loss (Earnings) of Unconsolidated Subsidiaries 5 (11) (18) (58) (238) (150) (6) ------- ------- ------- ------- ------- ------- ------- Earnings, as Adjusted $185 $185 $912 $718 $1,196 $1,660 $1,732 ======= ======= ======= ======= ======= ======= ======= FIXED CHARGES: Interest Expense $131 $134 $543 $521 $506 $451 $249 Capitalized Interest 1 2 6 8 9 3 5 Amortization of Debt Discount (1) - 1 - 1 4 2 Interest Portion of Fixed Rent 23 27 109 151 183 196 188 ------- ------- ------- ------- ------- ------- ------- Fixed Charges 154 163 659 $680 $699 $654 $444 ======= ======= ======= ======= ======= ======= ======= Ratio of Earnings to Fixed Charges 1.2x 1.1x 1.4x 1.1x 1.7x 2.5x 3.9x ======= ======= ======= ======= ======= ======= =======