THE  NEW  YORK  CENTRAL  RAILROAD
 

COMPANY  and subsidiary companies

(See Note A for principles of consolidation)
 

CONSOLIDATED   INCOME   ACCOUNT
 

Railway operating revenvies:

Freight....................................................................

Passenger.................................................................

Mail (Note J) ..............................................................

Express ...................................................................

Other.....................................................................

Total .............................................................

Railway   operating  expenses:

Maintenance of way and structures (Note K) ..................................

Maintenance of equipment (Notes D and K)...................................

Traffic.....................................................................

Transportation.............................................................

General and other..........................................................

Total ............................................................

Net revenue from railway operations
Railway tax accruals:

United States and Canadian income taxes...................................

Other taxes .............................................................

Equipment and joint facility rents — net credit (Note L).........................

Net railway operating income
Other income (Note L): —
Dividend income:

Affiliated companies...................................................

Other companies  .....................................................

Interest income.........................................................

Miscellaneous rent income, less expenses (Note K)  ..........................

Net profit from operations of certain noncarrier subsidiary companies (Note M).
Miscellaneous   income    (net)............................................

Fixed charges:

Rent for leased roads and equipment (Note L)..............................

Interest on funded debt, including amortization of discount...................

Other interest expense...................................................
 

Portion of net income applicable to stocks of consolidated subsidiaries
held by minority interests:

Dividends paid.................................................

Undistributed net income.......................................
 

1950
 

1949
 

Net
 

income
 

$588,725,851
 

$539,758,523
 

117,957,569
 

123,899,171
 

45,825,165
 

26,555,991
 

8,420,903
 

6,732,045
 

82,996,189
 

75,221,987
 

$843,925,677
 

$772,167,717
 

$102,324,774
 

$100,137,340
 

180,515,413
 

161,987,537
 

12,853,012
 

12,741,690
 

369,053,868
 

351,479,408
 

39,575,387
 

39,839,903
 

$704,322,454
 

$666,185,878
 

$139,603,223
 

$105,981,839
 

26,573,926
 

5,825.877
 

58,762,160
 

56,235.629
 

Cr.     430,454
 

Cr.  3,913.120
 

$ 54,697,591
 

$ 47,833,453
 

653,712
 

853,240
 

1,697,916
 

1,716,922
 

2,197,359
 

2,205,113
 

6,752,650
 

6,395,743
 

1,360,527
 

1,500,431
 

884,792
 

308,493
 

$ 68,244,547
 

$ 60,813,395
 

$ 5,612,224
 

$ 5,774,377
 

36,839,170
 

36,050,848
 

762,107
 

919,601
 

$ 43,213,501
 

$ 42,744,826
 

$ 25,031,046
 

$ 18,068,569
 

$ 3,558,809
 

$ 2,992,270
 

1,858,112
 

1,605,658
 

$ 5,416,921
 

$ 4,597,928
 

$ 19,614,125
 

$ 13,470,641
 

CONSOLIDATED INCOME INVESTED In PROPERTIES
or RETAINED for WORKING CAPITAL

Balance at January 1, 1950

Net income for the year 1950, as above...................................

Net gain on sale or retirement of properties and other property adjustments.
Other credits (net)...................................................

Dividend appropriation — $1 per share......................... o.........

Balance at December 31,  1950

For notes please see page 25
 

$ 19,614,125

1,976,086

6,925
 

$496,709,170
 

21,597,136

$518,306,306

6,447,394

$511,858,912
 

24