INCOME ACCOUNT
 

11
 

Operating income

Railway operations

Railway operating revenues
Railway operating expenses

Net revenue from railway operations

Percentage of expenses to revenues (Operating Ratio)
Railway tax accruals
 

Railway operating income
 

Equipment rents, net debit
Joint facility rents, net debit
 

Year Ended
 

Year Ended
 


 


 

Dec. 31, 1942
 

Dec. 31, 1941
 

Increase
 

Decrease
 

10,848-40 miles
 

10,917-76 w//^j
 


 

69-36 miles
 

operated
 

operated
 


 


 


 

$593,666,095 75
 

$447,789,655
 

19
 

$145,876,440 56
 


 

402,669,598 25
 

331,438,111
 

25
 

71,231,487 00
 


 

$190,996,497 50
 

$116,351,543 94
 

$74,644,953 56
 


 

(67-83)
 

(74-02)
 


 


 

(619)
 

$82,890,104 17
 

$43,411,828 76
 

$39,478,275 4l
 


 

$108,106,393 33
 

$72,939,715
 

18
 

$35,166,678 15
 


 

$15,300,709 81
 

$12,767,648
 

10
 

$2,533,061 71
 


 

2,406,188 69
 

2,753,307
 

03
 


 

$347,118 34
 

$90,399,494 83
 

$57,418,760 05
 

$32,980,734 78
 


 

$598,848 85
 

$569,571
 

20
 

$29,277 65
 


 

292,992 27
 

301,756
 

80
 


 

$8,764 53
 

3,349,927 37
 

3,246,713
 

80
 

103,213 57
 


 

403,303 90
 

1,299,468
 

27
 


 

896,164 37
 

2,216,516 56
 

1,734,936
 

33
 

481,580 23
 


 

6,919,987 01
 

7,513,672
 

26
 


 

593,685 25
 

4,109,321 83
 

4,229,667
 

71
 


 

120,345 88
 

151,867 62
 

38,317
 

02
 

113,550 60
 


 

29,523 78
 

62,896 84
 


 

33,373 06
 

29,601 11
 


 

—
 

29,601 11
 


 

176,699 39
 

86,787
 

63
 

89,911 76
 


 

$18,278,589 69
 

$19,083,787
 

86
 


 

$805,198 17
 

$108,678,084 52
 

$76,502,547
 

91
 

$32,175,536 61
 


 

$522,782 71
 

$364,678
 

53
 

$158,104 18
 


 

106,839 89
 

107,435
 

21
 


 

$595 32
 

279,620 59
 

274,407
 

83
 

5,212 76
 


 

503,047 22
 

503,897
 

65
 


 

850 43
 

3,623 47
 

4,312
 

51
 


 

689 04
 

231,545 70
 

196,481
 

84
 

35,063 86
 


 

9,434,993 45
 


 

—
 

9,434,993 45
 


 

$11,082,453 03
 

$1,451,213
 

57
 

$9,631,239 46
 


 

$97,595,631 49
 

$75,051,334
 

34
 

$22,544,297 15
 


 

Net railway operating income

Other income

Revenues from miscellaneous operations

Income from lease of road and equipment

Miscellaneous rent income

Miscellaneous non-operating physical propert}'

Separately operated properties—profit

Dividend income

Income from funded securities

Income from unfunded securities and accounts

Income from sinking and other reserve funds

Release of premium on funded debt

Miscellaneous income

Total other incOiME

Total income

Miscellaneous Deductions from income

Expenses of miscellaneous operations
Taxes on miscellaneous operating property
Miscellaneous rents
Miscellaneous tax accruals
Separately operated properties-—loss
Miscellaneous income charges
Delayed income debits

Total Miscellaneous Deductions

Income available for fdced charges

Fixed charges

Rent for leased roads and equipment                                             $22,392,181 85          $22,077,464 04              $314,717 81

Interest on funded debt                                                                  24,533,510 86            25,409,166 70                                         $875,655 84

Interest on unfunded debt                                                                1,587,756 30              1,319,141 80                268,614 50

Total fixed charges       $48,513,449 01          $48,805,772 54                                         $292,323 53

Net income        $49,082,182 48          $26,245,561 80         $22,836,620 68

Equipment  depreciation  and  amortization  charges  included

in  expenses.......................................        $24,476,158 89          $18,871,475  78           $5,604,683  11

Road property depreciation and amortization.............            8,842,086 91              4,506,911  00             4,335,175 91

Shop and power-plant machinery depreciation............               805,343 62                 254,133  00                551,210 62

Included in other income and rent for leased roads and
equipment are certain inter-company transactions represent¬
ing credits and corresponding debits amounting to......          $3,979,537 00            $4,160,093 38                                         $180,556 38

Also included in other income are items representing in¬
terest and dividends amounting to...................            1,492,939 64              1,503,642 99                                             10,703 35

received on securities of and advances to terminal and other railroad companies whose properties are jointly used by this company, as to

the major portion of which a  like amount was paid by the company to those companies as rental and included in joint facility rents.