31
 

INCOME ACCOUNT
 

Operating income
Railwav operations

Railway operating revenues (Note A)
Railway operating expenses
 

NET REVENUE FROM RAILWAY OPERATIONS
 

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

Equipment rents, net debit
Joint facility rents, net debit
 

RAILWAY OPERATING INCOME
 

NET RAILWAY OPERATING INCOME
 

Other income
Revenues from miscellaneous operations
Income from lease of road and equipment
Miscellaneous rent income
Miscellaneous nonoperating 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 premiums
Miscellaneous 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
 

TOTAL MISCELLANEOUS DEDUCTIONS
 

AVAILABLE FOR FIXED CHARGES
 

Fixed charges
Rent for leased roads and equipment
Interest on funded debt
Interest on unfunded debt
Amortization of discount on funded debt
 

TOTAL FIXED CHARGES
NET INCOME
 

Year Ended
Dec. 31, 1948

10,730.62 mites
operated

$779,860,755 20
667,342,966 22
 

Year Ended
Dec. 31, 1947
10,745.33 mites

operated
?703,340,527 68
606,536,857 44
 

$112,517,788 98
 

C85.!7)
854,161,592 82
 

$58,356,196 16
 

$18,732,018 90
2,402,586 21
 

$37,221,591 05
 

$540,575 48

617,355 98

4,432,220 97

2,009,998 23

2,024,530 57

6,616,563 43

4,516,626 33

802,622 11

214,082 26

9,187 92

99,909 23

I MCOME         $21,883,672 51

I INCOME         $59,105,263 56
 

(86.24)
$52,435,502 00
 

$17,447,863 97
2,400,742 67
 

$24,519,561 60
 

$517,691 90

447,094 28

4,279,935 96

2,327,142 72

1,501,183 45

6,692,465 16

4,354,557 52

913,500 72

82,957 31

12,298 53

88,565 52

$21,217,393 07
 

$496,320 02
74,659 24
280,006 55
706,559 39

247,363 73
 

$494,964 14
82,605 01
265,715 63
818,135 25
42,707 70
207,812 71

$1,911,940 44
 

$20,132,440  95

21,331,214  86

986,434  38

123,168  32
 

$19,575,066 43

21,102,394 65

750,973 50

90,497 87
 

$42,573,258 51         $41,518,932 45
 

$14,727,096 12
 

$10,356,296 62         $10,208,065 80

$23,285,228 49         $21,976,375 91

$919,330 98             $890,930 60
 

Increase

Decrease

14.71 miles

$76,520,227 52

60,806,108 78
 

3,670 24         $15,714,118 74
 

(.67)
$1,726,090 82
 

$13,988,027 92
 

$1,284,154 93
1,843 54
 

$22,883 58
170,261 70
152,285 01
317,144 49
523,347 12

75,901 73
162,068 81
nO,S7S 61
131,124 95
3,110 61

11,343 71

$666,179 44
 

$45,736,954 67         $13,368,308 89
 

$1,355 88
7,943 77
14,290 92
1H,S7S 86
42,707 70
39,551 02

$107P31 51
 

$57,300,354 63   $43,825,014 23   $13,475,340 40
 

$557,374 52
228,820 21
235,460 88
32,670 45

$1,054,326 06

$12,421,014 34
 

$148,230 82

$1,308,852 58

$28,400 38
 

INCLUDED IN RAILWAY OPERATING EXPENSES ARE!

Road property depreciation

Equipment depreciation and amortization

Shop and power-plant machinery depreciation

Included in other income and rent for leased roads and equipment are certain inter¬
company transactions representing credits and corresponding debits amounting

to                                                                                                                                    $3,494,518 13           $3,251,960 97             $242,557 16

Also included in other income are items representing interest and dividends amount¬
ing to                                                          .                                                            $1,455,455 33          $1,456,714 52                tl,lS9 19
received on securities of and advances to terminalandother railroad companies whose properties are jointly used by this Company, as to the major
portion of which a lijte amount was paid by this Company to those companies as rental and included in joint facility rents.
Note A—After deducdon of                                                                                                                      —           $2,200,000 00           $2,300,000 00
for estimated refund to United States governmental agencies on account land
grant equalization and other government recharges.

Italics indicate decrease.