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Previous: BURLINGTON NORTHERN RAILROAD CO, 10-Q, 2000-08-14 |
Next: BURLINGTON NORTHERN RAILROAD CO, 10-Q, EX-13.1, 2000-08-14 |
<PAGE>
EXHIBIT 12.1
THE BURLINGTON NORTHERN AND SANTA FE RAILWAY COMPANY and SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Millions, Except Ratio Amounts)
(Unaudited)
<TABLE>
<CAPTION>
Six Months Ended
June 30,
-----------------------------------
2000 1999
------------- --------------
<S> <C> <C>
Earnings:
Pre-tax income $ 837 $ 815
Add:
Interest and fixed charges,
excluding capitalized interest 154 151
Portion of rent under long-term
operating leases representative
of an interest factor 84 93
Distributed income of investees
accounted for under the equity method 45 -
Amortization of capitalized interest 3 2
Less: Undistributed equity in earnings
of investments accounted for
under the equity method 9 9
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Total earnings available for fixed charges $1,114 $1,052
============= ==============
Fixed charges:
Interest and fixed charges $ 158 $ 157
Portion of rent under long-term operating
leases representative of an interest factor 84 93
------------- --------------
Total fixed charges $ 242 $ 250
============= ==============
Ratio of earnings to fixed charges 4.60x 4.21x
</TABLE>
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