Report of the board of directors to the stockholders

(New York :  [s.n.],  1913-)

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  1913: Page 7  



The New York Central and Hudson River Railroad Company
SUMMARY OF FINANCIAL  OPERATIONS AFFECTING INCOME

Increase              Decreabe
 

Operating income
'Kail oper.ations                                                       ■

Revpnuea
Expenses

Net revenue from rail operations
Percentage of expenses to revenues
Auxiliary operations
Revenues
 

1912'
 

1913

75312 miles operated   3,731-81 miles opera

$116,904,304 05     §109,697,588 34

87,932,040 97        81,129,838 65
 

528,972,263 08
(75-22%)
 

$7,206,715 71
6,802,202 32
$28,567,749 69           $404,513 39
 

$5,780,345 32        $5,579,083 89
5,725,537 41          5,255,057 55
 

Net revenue from auxiliary operations
Net revenue from all operations
Taxes ACCROEn

QpEHATINr,  income

Other income
Joint facilities rents
Miscellaneous rents

Net profit from investments in physical property
Dividends on stocks owned or controlled
Interest on funded debt owned
Interest on other securities, loans and accounts
Contributions from other companies
Miscellaneous income

Total other income
Gross corporate income
Deductions from oross corporate income
Rentals of leased hncs
Hire of equipment
Joint facilities rents
Miscellaneous rents
Miscellaneous tax accruals
Separately operated properties—loss
Interest on bonds

Interest on three year gold notes of 1911 and 1912
Interest on equipment trust certificates
Other interest

Transfer of income to other companies
St iL & A Railway: rental of leased line
N Y & Ottawa Railway; interest on bonds
Other deductions

Total deductions from gross corporate income

Net CORFOR.4TE income

Dividends, four eachyear at five per cent per annum

Surplus for the year carried to profit and loss
 

$29,027,070 99      828,891,776 03

6.358,545 91    5,893,995 91

$22,670.525 08 / $22-997,780 12
 

$1,929,462 60

406,187 82

62,073 62

12,791,889 90

508,829 12

1,785,755 12

395,944 16
$16,663,228 42  817,880,142 34
 

82,283,363 39
702,493 98
117,027 37

12,168,536 78
450,181 03
652,588 69
260,359 34
33,677 84
 

$201,261 43
470,479 86
 

8135,294 96
462,550 00
 

8353,900 79
296,306 16
54,953 75
 

$39,338,753 50  840,877,922 46 '
 

8623,353 12

58,648 09

1,133,166 43
 

81,211,913 92
81,539,168 96
 

$8,518,856 66

1,026,558 22

567,853 29

455,335 23

38,120 61

39,281 33

10,603,317 10

2,250,000 00

1,347,411 57

1,170,832 75

67,543 75

10,000 00
 

84 i
 

$10,055,

1,969,

619,

838,

15,

346,

9,661,

1,903,

1,031,

337,

99,

10,

68,
 

,192 32
,039 74
,975 18 ^
,710 77 '
,961 73 ,
,612 72 V
,603 05
,125 00
,538 64
426 34
,800 80
,000 00
,240 00
,003 13
 

826,095,195 09  826,995,229 42

$13,243,658 41 ■ 813,882,693 04

11,243,021 25   11,136,465 00
 

822,158 88

941,714 05
346,875 00
315,872 93
833.406 41
 

8106,556 25
 

81,536,335 66
942,481 52
52,121 89
383,375 54

307,331 39
 

58,240 00
47,918 55
 

82,000,537 16        $2,746,228 04
 

815,312,590 17
 

Balance to credit of profit and loss (free surplus) as shown in report of December 31, 1912                                   $13,185,413 04

Amended by eliminating surplus of the St Lawrence & Adirondacli Railway Company                   852,951 91

and deficit of the Ottawa & New York Railway Company                                                              95,535 53              42,583 62

813,227,996 66
Additions for year:

Surplus from operations                                                                                                              82,000,537 16
New Y'ork New Haven & Hartford Railroad Company for its proportion of special

franchise assessment within Grand Central Terminal area prior to 1913                                84,056 35         2,084,593 51

Deductions for year:

Discount, commissions and expenses account of N Y C Lines equipment trust of 1913          $209,141 33

Discount, commissions and expenses on various short term loans                                                 905,069 47

Discount and commissions account debentures of 1912                                                                    2,615 00
Cliarging off amounts against Hudson River Bridge Company for expenditures prior

to 1886, not collectible                                                                                                                 854,423 36

Charging off value of abandoned facilities                                                                                      191,140 58
Cash advances to Clearfield Bituminous Coal Corporation for interest, sinking fund

and tax payments                                                                                                                         114,921 26

Charging off various accounts and reversal of accruals due to consolidation  (net)              43,625 00
Reduction of book value of capital stock in the Merchants Despatch Transportation

Company to par value                                                                                                                   17,311 00

Various adjustments and cancellations (net)                                                                                     8,549 02
 

Balance to credit of profit and loss (free sui

* Reviaed;   Ottawa 4 New York Railway transaotionB eliminated
 

PLUS) DECEMBER 31, 1913
 

2,346,796 02
$12,965,794 15
  1913: Page 7