HUDSON  AND MANHATTAN  RAILROAD COMPANY
Comparative Statement of  Income

Including Interest and Taxes Only on Capital Employed in Operation
 


 

Jahoary
1910
 

February
1910
 

March
1910
 

Gross Revenue—Passeoger Fares.............
 

$207,508.45
 

$193,119.35
 

$219,900.85
 

Miscellaneous Revenue from Railroad Operations:
 

4,846.25

3,666.31

424.35

.40

24.00
 

6,357.56
2,050.40

400.10
.40

229.83
 


 


 


 


 


 

Miscellaneous Transportation Revenue........
 

26.70
242.83
 

Total Miscellaneous Railroad Revenue......
 

8,961.31
 

9,037.49
 

10,048.80
 


 

216,469.76
 

202,156.84
 

229,949.65
 

Operating Expenses of Railroad:

Maintenance of Way   and Structures K j^^g^^.g

Maintenance of Equipment                  j j^ggg,^.g      ■   '   '
Transportation Expenses........
 

11,581.51
4,842.50
4,180.84
2,466.75
4,407.26

53,532.83
9,819.63
 

11,394.72
4,842.50
3,366.92
2,466.75
4,417.94

46,940.88
5,483.40
 

11,535.29
4,842.50
2,975.78
2,466.75
4,533.86
51,517.61
13,494.20
 

Total Operating Expenses of Railroad.......
 

90,831.32
 

78,913.11
 

91,365.99
 


 

125,638.44
 

123,243.73
 

138,583.66
 

Hudson Terminal Buildings:
 

105,695.91
1,803.41
 

105,040.85
1,691.30
 

109,192.71
2,747.47
 

Total Revenue from Hudson Terminal Buildings    .   .
Less Assumed Leases in Other Buildings.......
 

107,499.32
1,915.86
 

106,732.15
1,885.65
 

111,940.18
1,985.65
 


 

105,583.46
 

104,846.50
 

109.954.53
 

Less Maintenance and Operating Expenses | j^g^gj-^.g
 

28,718.93
3,333.50
 

26,969.33
3,333.50
 

26,297.22
3,333.50
 

Total Operating Expenses of Terminal Buildings   .   .
 

32,052.43
 

30,302.83
 

29,630.72
 

Net Revenue from Hudson Terminal Buildings   ...
Income Greenwich and Tenth Street Properties (Net)   .   .
 

73,531.03
374.51
 

74,543.67
351.92
 

80,323.81
347.60
 

Total Net Revenue from Outside Operations.....
 

73,905.54
 

74,895.59
 

80.671.41
 

Total Net Revenue from all Operating Sources.....

Deduct Taxes Accrued on Properties Operated.....
 

199,543.98
18,000.00
 

198,139.32
18,000.00
 

219,255.07
18,000.00
 

Operating Income—(Revenue Over Expenses and Taxes)
Add Non-operating Income..............
 

181,543.98
326.36
 

180,139.32
35.74
 

201,255.07
470.83
 


 

181,870.34
 

180,175.06
 

201,725.90
 


 

Income Deductions:

Interest on Total Bonds Outstanding........

Less Interest Chargeable to Construction.......
 

228,850.00
57,911.67
 

243,165.33
72,227.00
 

242,305.21
71.366.87
 

Balance Being Interest on Capital Employed in Operation
and Chargeable against Income, viz: $5,000,000 N.Y.
& J. 5s and $40,028,000 H. & M. 4^s.....
 

170,938.33

2,204.86

10,931.07

81.18
 

170,938.33
3,641.68
2,204.87
10,399.46
1,384.38
 

170,938.34
3,450.00
2,204.87
11.877.37
 

Rentals, City of New York .............
 


 


 


 

Total Income Deductions.............
 

184,155.44
 

188,568.72
 

190,001.23
 

Net Corporate Income Carried to Surplus Account ....
 

2,285.10
 

8,393.66
 

11,724.67
 

Percentage of R. R. Operating Expenses vs. R. R. Revenue
Percentage of R. R.   Operating   Expenses,   Exclusive  of
 

41.96%
38.59%
 

.39.03%
35.42%
 

39.73%
36.55%
 

Number of Car Miles Operated (Active)........
 

516,843
 

463,622
 

527,238
 

Total Revenue Per Car Mile from Railroad.......
 

41.88c.
17.57c.
 

43.61c.
17.03c.
 

43.61c.
17.33c.
 


 

Net Revenue Per Car Mile..............
 

24.31c.
 

26.58c.
 

26.28c.
 

NoTB—Depreciation included in above Operating Expenses
and set up in Amortization Reserves........
 

$10,642.75
 

$10,642.75
 

$10,642.75
 

{Note.—Italics Deficit or Deduction)