15
 

Operating income
Railway operations

Railway operating revenues
Railway operating expenses
 

INCOME ACCOUNT

Year Ended

Dec. 31, 1943

10,745-50 miles

operated
 

$706,124,833 36
477,337,099 73
 

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

(67-60)
$122,035,844 75
 

Equipment, rents, net debit
Joint facility rents, net debit
 

Net railway operating income
 

$16,095,341 32
2,132,250 11

$88,524,297 45
 

Year Ended
Dec. 31, 1942
10,848-40 miles
 

$593,666,095 75
402,669,598 25
 

Net revenue from railway operations     $228,787,733 63          $190,996,497 50
 

(67-83)
$82,890,104 17
 

Railway operating income      $106,751,888 88          $108,106,393 33
 

$15,300,709 81
2,406,188 69

$90,399,494 83
 

Increase
 

^112,458,737 61
74,667,501 48

$37,791,236 13
 

,145,740 58
 

$794,631 51
 

Decrease
102:90 miles
 

(•23)
 

$1,354,504 45
 

$273,938 58
$1,875,197 38
 

Other income

Revenues from miscellaneous operations

Income from lease of road and equipment

Miscellaneous rent income

Miscellaneous non-operating physical property

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

Delayed income credits
 

Total other income
 

287.
4,254,
1,594.
1,821.
5,335.
4,191.

995.
31
23

451
1,707
 

,770 20
,579 99
,856 54
,217 44
,325 43
,003 80
,011 62
,289 84
,592 90
,727 28
,708 40
,622 34
 

!1,133,705 78
 

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
 

$366,316  91

90,626  37

275,072  42

556,254  59

7,722  84

291,502   03
 

$1,587,495  16
 

Income available for fixed charges     $108,070,508 07
 

$598,

292.
3,349,

403,
2,216,
6,919,
4,109,

151,
29,
29.

176.
 

848 85
992 27
927 37
303 90
516 56
987 01
321 83
867 62
,523 78
,601 11
699 39
 

$18,278,589 69
 

Total income     $109,658,003 23          $108,678,084 52
 

$522,782 71
106,839 89
279,620 59
503,047 22
3,623 47
231,545 70
9,434,993 45

$11,082,453 03
 

1,929 17
1,190,913 54
 

81,689  79

843,422   22

2,069   12

275,009  01

1,707,622   34

$2,855,116  09

$979,918   71
 

$53,207 37

4,099 37

59,956 33
 

$97,595,631 49           $10,474,876 58
 

$159,078 65
5,412 28
 

395,191  13
1,584,983 21
 

5,873 83
 

$156,465 80

16,213 52

4,548 17
 

9,434,993 45
$9,494,957 87
 

Fixed charges

Rent for leased roads and equipment                                                 $21,095,814  05            $22,392,181   85                                           $1,296,367 80

Interest on funded debt                                                                            23,563,321  48              24,533,510  86                                                970,189 38

Interest on unfunded debt                                                                             672,121  44                 1,587,756  30                                                915,634 86

Amortization of discount on funded debt                                                      5,201   10                                   —                    $5,201  10

Total fixed charges         $45,336,458  07            $48,513,449  01                                       $3,176,990 94

Net income         $62,734,050  00            $49,082,182  48          $13,651,867 52

Included in expenses are:

Equipment depreciation and amortization  ...............         $28,193,575   29            $24,476,158  89            $3,717,416 40

Road property depreciation and amortization  ............             8,965,011  03                 8,842,086  91                  122,924 12

Shop and power-plant machinery depreciation............                866,043   58                    805,343   62                   60,699 96

Included in other income and rent for leased roads and
equipment are certain inter-company transactions repre¬
senting credits and corresponding debits amounting to..           $3,092,959  72               $3,979,537  00                                              $886,577 28

Also included in other income are items representing in¬
terest and dividends amounting to....................              1,461,431 19                 1,492,939  64                                     _            31,508 45

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.