Annual report together with statistics and other data for the year ...
(New York, N.Y. : The Company, )
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1942: Page 50 | 
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50 CONDENSED INCOME ACCOUNT FOR THE CALENDAR Railway operating revenues: 1933 1934 1935 Freight ..................................................... $194,286,544 $204,155,074 $218,260,324 Passenger ................................................... 53,231,808 54,752,612 55,292,024 All other.................................................... 35,822,750 36,177,195 36,640,632 Total railway operating revenues............................. $283,341,102 $295,084,881 $310,192,980 Railway operating expenses: Maintenance ................................................ $ 84,621,673 $ 91,753,219 $ 96,776,251 Transportation ............................................... 101,722,945 109,968,199 117.380,073 All other.................................................... 21,578,676 22,450,342 23,041,131 Total railway operating expenses............................. $207,923,294 $224,171,760 $237,197,455 Net revenue from railway operations............................ $ 75,417,808 $ 70,913,121 $ 72,995,525 Railway tax accruals (Note A).................................. $ 26,456,636 $ 24.836,981 $ 20,619,432 Uncollectible railway revenues................................... l''3,396 178,056 162,208 Railway oper.\ting income....................................... $ 48,787,776 $ 45,898,084 $ 52,213,885 Equipment rents, net........................................... $ 11,592,638 $ 11,980,673 I 11,676,501 Joint facility rents, net......................................... 3.925,975 4,756,483 3,788,860 Net railway operating income................................... $ 33,269,163 $ 29,160,928 $ 36,748,524 Other income: Revenues from miscellaneous operations......................... S 683,664 $ 834,820 $ 615,952 Income from lease of road and equipment......................... 131,178 139,008 157,484 Miscellaneous rent income...................................... 4,182,542 4,989,741 3,305,336 Miscellaneous non-operating physical property..................... 2,594,911 1,937,052 918,242 Separately operated properties—profit............................ 385,163 348,653 614,400 Dividend income (Note B).................................... 6,594,447 7,387,682 10,695,431 Income from funded securities.................................. 5,081,152 6,009,558 5,395,959 Income from unfunded securities and accounts..................... 2,079,936 1,884,302 1,249,450 Income from sinking and other reserve funds...................... 185,643 169,105 160,123 Release of premiums on funded debt.............................. 30.911 28,414 — Miscellaneous income.......................................... 121,560 328,319 142,417 Total other income............................................. $ 22,071,112 $ 24,056,654 $ 23,254,794 ToT.\L income................................................... $ 55,340,275 $ 53,217,582 $ 60,003,318 Miscellaneous deductions from income: Expenses of miscellaneous operations............................. $ 491,175 $ 587,881 $ 504,881 Taxes on miscellaneous operating property........................ 57,800 52,166 57,255 Miscellaneous rents........................................... 1,250,090 1,046,525 840,401 Miscellaneous tax accruals...................................... 400,370 444,534 84,082 Separately operated properties—loss.............................. 41,436 12,948 7,448 Maintenance of investment organization........................... 11,176 14,700 25,814 Miscellaneous income charges................................... 131,556 132,624 Cr 2,953 Delayed income debits (Note C)................................ — — — Total miscellaneous deductions.............................. $ 2,383,603 $ 2,291,378 $ 1,516,928 Income avail.^ble for fixed charges.............................. $ 52,956,672 $ 50,926,204 $ 58,486.390 Fixed charges: Rent for leased roads and equipment............................. $ 26,423,122 $ 26,282,478 $ 26.366,303 Interest on funded debt........................................ 28,153,486 28,744,885 28,549,102 Interest on unfunded debt...................................... 3,792,578 3,581,176 3,455,939 Total fixed charges........................................ $ 58,369,186 $ 58,608.539 $ 58,371,344 Net income tr.\nsferred to profit and loss....................... $ 5.412.514i*) _$__7,682.35.5(*) $ 115.046 Equipment depreciation charges included in expenses................... $ 6,439,095 $ 14,808,074 $ 16,664,076(Note D; Road property, shop and power plant machinery—depreciation........... — — — Amortization of equipment.......................................... — — — Amortization of road............................................... — — — Total ......................................................... $ 6.439,095 $ 14,808,074 $ 16,664,076 Included in other income and rent for leased roads and equipment are certain inter-company transactions representing credits and corresponding debits amounting to................................................ $ 6.017,006 $ 6.621,131 $ 6,355,145 (cr)—Credit. (*)—Italics indicate deficits. See pages 52 and 53 for notes. |
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1942: Page 50 |
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