BALANCE   SHEET
 

AT   A   GLANCE
 

ASSETS

INVESTMENTS in Road,
Equipment and Other
Properties (after allow¬
ance for wear and use)
 

$1,017,965,622
 

INVESTMENTS  In
Affiliated and Other
Companies
$464,407,457^/=^\\
 

CURRENT ASSETS
$215,159,258
 

ALL OTHER ASSETS
$34,012,742
 

WE OWN: $1,731,545,079
 

LIABILITIES
 

BONDS
$475,563,000
 

EQUIPMENT OBLIGATIONS
$90,041,040    ________

CURRENT LIABILITIES
$134,470,739

ALL OTHER LIABILITIES
$193,995,639

CAPITAL STOCK

OUTSTANDING

$562,332,426
 

SURPLUS
$275,142,235
 

WE OWE: $894,1
l'i:^th.V^,^^'■. $837,474,661
 

CONDENSEP GENERAL BALANCE SHEET
 

DECEMBER  31,   1947  AND   1946
 

THE    NEW    YORK    CENTRAL    RAILROAD    COMPANY
 

ASSETS
INVESTMENTS in Road,                                                   1947

Equipment and Other Properties

Road........................................      I   722,758,240

Equipment...................................            504,809,380

Improvements on leased property................            126,929,227

Miscellaneous physical property less depreciation. .              33,145,878

Acquisition adjustment, donations and grants......        Cr

Depreciation and amortization

of defense projects — road and equipment      Cr.361,086,195

—                                                                            $1,017,965,622

INVESTMENTS in Affiliated
and Other Companies

Affiliated companies:

(Stocks, bonds, notes and advances)       $   417,016,053
Other investments:

(Stocks, bonds, notes and advances)              47,391,404
 

1946

715,213,430

483,355,897

128,001,102

34,597,363
 

8,590,908     Cr.   8,598,938

Cr.348,838,130
11,003,730,724

$   407,130,940

47,257,616
$   464,407,457     $   454,388,556
 

CURRENT  ASSETS

Cash, special deposits and temporary investments. .       $

Materials and supplies.........................

Other current assets............................       __

--------                                                                            I

ALL  OTHER  ASSETS

Capital and other reserves.......................       $

Deferred assets and unadjusted debits............
 

100,887,240
56,709,578
57,562,440
 

124,176,744
41,726,568
50,138,148
 

215,159,258     $   216,041,460
 

.........  $  15,901,787       $  7,359,457

.........     18,110,955               16,970,364

$  34,012,742       $  24,329,821

Total....  $1,731,545,079       $1,698,490,561
 

LIABILITIES
BONDS

Mortgage bonds...............................       $   470,063,000

Debenture bonds..............................                5,500,000

___                                                                                      $   475,563,000

EQUIPMENT  OBLIGATIONS                                    $    90,041,040

CURRENT   LIABILITIES   (Note A).............      $   134,470,739

ALL  OTHER  LIABILITIES

Amounts payable to affiliated companies (Note B). .       $     43,238,047

Deferred liabilities and other unadjusted credits. . . .            144,428,386

Insurance reserves.............................                6,329,206

-----                                                                                     $   193 995 639

CAPITAL  STOCK,  OUTSTANDING

(6,447,410 Shares without Par Value)............       $   562,332,426

SURPLUS

Unearned surplus..............................       $            35,213

Earned surplus appropriated....................                9,479,398

Earned surplus unappropriated (Note C)..........            265,627,624

$ 275,142,235

Total....        $1,731,545,079
 

$ 479,572,000
5,500,000
$ 485,072,000
$ 71,629,561
$ 114,028,710

$  45,416,529

142,449,362

5,940,252

$ 193,806,143

$ 562,332,426

$    25,838

8,565,143

263,030,740

$ 271,621,721

$1,698,490,561
 

Note ^-After deduction in 1946 of S23,254,712,  representing
estimated  refunds of Federal  taxes paid in prior years.
Note 5-Comprises liability to lessor companies for which the
New York Central is obligated to make settlement.
Note C-Includes $29,405,935 transferred from earned surplus
accounts of companies consolidated January 1, 1915.
 

This balance sheet does not include the assets or
liabilities of lessor, affiliated, terminal or other
companies, nor the liability of The New York Central
Railroad Company as guarantor or under leases or
otherwise with respect to the securities or obliga¬
tions of other companies.