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EXHIBIT 12.1
BURLINGTON NORTHERN SANTA FE CORPORATION and SUBSIDIARIES
COMPUTATION of RATIO of EARNINGS to FIXED CHARGES
(In Millions, Except Ratio Amounts)
(Unaudited)
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Six Months Ended
June 30,
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2000 1999
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Earnings:
Pre-tax income $ 751 $ 758
Add:
Interest and fixed charges,
excluding capitalized interest 219 192
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 $1,093 $1,036
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Fixed charges:
Interest and fixed charges $ 223 $ 198
Portion of rent under long-term operating
leases representative of an interest factor 84 93
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Total fixed charges $ 307 $ 291
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Ratio of earnings to fixed charges 3.56x 3.56x
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