EX-12.1 2 llc-12312015x10kex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit

Exhibit 12.1
 
 
 
 
 

Burlington Northern Santa Fe, LLC and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
In millions, except ratio amounts
(Unaudited)
 
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings:
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
6,775

 
$
6,169

 
$
5,928

 
$
5,377

 
$
4,741

Add:
 
 
 
 
 
 
 
 
 
 
Interest and other fixed charges, excluding capitalized interest
 
928

 
833

 
729

 
623

 
560

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
200

 
200

 
189

 
197

 
249

Distributed income of investees accounted for under the equity method
 
14

 
7

 
7

 
6

 
6

Amortization of capitalized interest
 
4

 
3

 
2

 
1

 
1

Less:
 
 
 
 
 
 
 
 
 
 
Equity in earnings of investments accounted for under the equity method
 
16

 
16

 
14

 
14

 
15

     Total earnings available for fixed charges
 
$
7,905

 
$
7,196

 
$
6,841

 
$
6,190

 
$
5,542

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest and fixed charges
 
$
962

 
$
863

 
$
758

 
$
647

 
$
580

Reasonable approximation of portion of rent under long-term operating leases representative of an interest factor
 
200

 
200

 
189

 
197

 
249

     Total fixed charges
 
$
1,162

 
$
1,063

 
$
947

 
$
844

 
$
829

Ratio of earnings to fixed charges
 
6.80x

 
6.77x

 
7.22x

 
7.33x

 
6.69x



E-5