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TSubject to revision Subject to revision UNIVERSITY OF FLORIDA 31262088511364 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS Statement No. M-125 JANUARY, 1940 NET INCOME MILLIONS OF DOLLARS 40---- II II II j v II II II 1 II II II II 20 -ro -40 S il \ l II 1938 1939 1940 Selected Asset Items For the month of January 1940 11,328:9716 56,898,947 2,379,092 54,519:855 11,041,984 38, 94,581 190,889 49,627,454 a,92,401 1,965,778 2,926,623 16,868,818 ,429,983 1,738,481 1,794,411 13. Investments in stocks, bonds, etc., other than those of affiliated companies (Total, Account 707).....;.. $622,52( 14. Cash ................................................. 529,753 15. Demand loans and deposits ............................ 20,92 16. Time drafts and deposits ............................. 27,38 17. Special deposits ..................................... 101,383 18. Loans and bills receivable ........................... 2, 19. Traffic and car-service balances receivable .....6..... 7 20. Net balance receivable from agents and conductors .... 48,94 21. Miscellaneous accounts receivable .................. 1.1391 22. Materials and supplies ............................... 342, 23. Interest and dividends receivable .................... 39 24. Rents receivable ..................................... 1,10: 25. Other current assets ............................... 4,181 26. Total current assets (items 14 to 25) ........... 1,292,211 1939 $32, 97,171 1217602 45:36 :773 2,153,415 43,211,358 10,716,873 38,820,558 181 164 49,718,595 d 6.507.237 1 96 165 d 814668402 16,804,308 2,128,:405 2,636,456 955 772 Income Items 1. Net railway operating income ......................... 2. Other income ....................................... 3. Total income .................................. 4. Miscellaneous deductions from income ................ 5. Income available for fixed charges ............ 6. Fixed charges: 6-01. Rent for leased roads and equipment ......... 6-02. Interest deductionsl/........................ 6-03. Other deductions ........................... 6-04. Total fixed charges .................... 7. Income after fixed charges ..................... 8. Contingent charges ................................. 9. Net income./................................. 10. Depreciation (Way and structures and Equipment) ... 11. Federal income taxes ................................ 12. Dividend appropriations: 12-01. On common stock ........................... 12-02. On preferred stock ........................ Selected Liability Items UNIV. OF FL LIl. ULt., - U.S. DEPOTORY Balance at end of January 1940 1939 ~f 27. Funded debt maturing within 6 monthsa/............... .. l1,271,271 $189,370,804 SL.--oans and bills payable4/........................ .... 198,229,022 210,892,507 29. Traffic and oar-service balances payable ............ 83,978,563 7497,48 30. Audited accounts and wages payable .................. 232193927 2 94799 31. Miscellaneous accounts payable ....................... 62,52310 59,2221 32. Interest matured unpaid .............................. 20,05,925 22,77,7 33. Dividends matured unpaid ............... ......... 5,021,170 3,O8490 34. Unmatured dividends declared ......................... 3435,16 2 35. Unmatured interest accrued ........................... 81,24,02 8742,36 36. Unmatured rents accrued .............................. 18,610,152 1943,51 37. Other current liabilities ........................... 29,966,382 28,684,298 38. Total current liabilities (items 28 toj7) ...... 735,241,969 750,365,542 39. Tax liability (Account 771): 39-01. U. S. Government taxes ...................... 89,756,16,533 39-02. Other than U. S. Government taxes ........... 131,364,8 137,627450 ANALYSIS OF NET INCOME 6/ Month of January 1940 Month of January 1939 For the months of 1940 For the months of 1939 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net income a net deficit a net income a net deficit Number Number Number Number Number Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports reports reports reports reports reports 65 $17,501,379 64 $14,574,756 62 $11,866,328 67 $20,334,730 No oumulations No cumulations U. S S. GOVERNMENT PRINTING OFFICE : 1940-0-156964 / Represents accruals, including the amount in default. 4 For 99 railways not in receivership or trusteeship the net income aw as follows: January'1940, 10,.708,847; January 1939, $1,847,011. Includes payments of principal of long-term debt whioh will become due within six months after close of month of report. Includes obligations which mature not more than 2 years after date of issue. 1939 figures for certain liability items have been revised, for comparative purposes, to conform with changes prescribed in the Uniform System of Aooounts by Commission's order of December 6, 1939, effective January 1, 1940 6/ Excludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. V Deficit or other reverse items. For the --- months of 1940 1939 SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 132 reports (Form IBS) representing 137 steam railways (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) TOTALS FOR THE UNITED STATES (ALL REGIONS) .. I I I I INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Net income after depreciation Net income before depreciation Name of railway For the month of January For the month of January 1940 1939 19.0 1939 Alton R. R ..................................... Atchison, Topeka & Santa Fe Ry. System / ........ Atlantic Coast Line R. R. ........................ Baltimore & Ohio R. R. ......................... Boston & Maine R. R. ........................... Central of Georgia Ry ........................... Central R. R. of New Jersey*?..................... Chesapeake & Ohio Ry........................... Chicago & Eastern Illinois Ry?*................... Chicago & North Western Ry* ...................... Chicago, Burlington & Quincy R. R. ............... Chicago Great Western R. Rt*..................... Chicago, Milwaukee, St. Paul & Pacific R. R?*... ,. Chicago, Rock Island & Pacific Ry**............... Chicago, St. Paul, Minneapolis & Omaha Ry. ....... Delaware & Hudson R. R. .......................... Delaware, Lackawanna & Western R. R.............. Denver & Rio Grande Western R. R?*................ Elgin, Joliet & Eastern Ry. ...................... Erie R. R. (including Chicago & Erie R. R.)*.... Grand Trunk Western R. R. ........................ Great Northern Ry ............................... Illinois Central R. R ........................... Lehigh Valley R. R............................... Long Island R. R............................... Louisville & Nashville R. R.................... Minneapolis, St. Paul & Sault Ste. Marie Rye...... Missouri-Kansas-Texas Lines ...................... Missouri Pacific R. R.*........................... New York Central R. R. b/ ....................... New York, Chicago & St. Louis R. R. .............. New York, New Haven & Hartford R. R.*............. Norfolk & Western Ry: ........................... Northern Pacific Ry. ............................ Pennsylvania R. R. .. ............................. Pere Marquette Ry. ............................... Pittsburgh & Lake Erie R. R. ..................... Reading Co..................................... St. Louis-San Francisco Ry**...................... St. Louis, San Francisco & Texas Ry. ............. St. Louis Southwestern Lines* ................... Seaboard Air Line Ry*............................ Southern Ry................ ..................... Southern Pacific Transportation System c/ ........ Texas & Pacific Ry........ .................. Union Pacific R. R. (including leased lines) ..... Wabash Ry.*........ ....... .............. Yazoo & Mississippi Valley R. R .............. 722,350 d 585:6z d 790,0:4 1,027,787 284,084 d 217.818 3,006 722 d 66 612 1,741,191 d 234,941 6,097 d 929,g82 28,252 1,112,780 d 259.859 d 88,IS05 d $194,9g9 d g04 60 d 228,139 d 332 534 1,68,887? d 136.670 27,262 d 111.329 d 1,.486 297 d 885 717 d 297, 226,112 9,005 d 345.795 240'419 d 419,760 642,032 d 730,858 d 85 073 8 d 1,115,79 d 735,529 53,513 d 393.857, 2,004 ,522 d g54,683 1,261,039 d 10.615 162, 034 366,362 d 1,122,035 d 29,253 d 187,803 d 411,809 10,378 d 1,333,072 35,923 790,227 d 444,519 d 1120501 d $224, 72 56,5835 705,075 101,983 169,060 d 190,943 125, 2o 3,549,Z d 49,4R d 900,757 280,718 413,391 d 146,603 383- 64J8 238,206 53,434 d 682,027 -619,220 34 ,099 d 181,540 1,080,086 d 483.421 d 2?I:7 d 416,385 2,345,044 417,048 56,713 3,511,689 d 388195 3,935,554 461,531 d 564.451 d 45,799 d 24,307 d 44,191 300,134 d 266,612 129,1691 1,737,918 d 80,237a d 51,224 525,114 d 15,730 108,88 d 157.088 d 2l ,47g 2,373,979 d 11043,179 458,976 d 66,682 d 1,002,979 d 249,277 311,352 212,679 d 244.574 322,479 d 113,179 d 120,584 d 97,63o6 ---478,s85 215,242 d 166337 1,002,989 d 628.361 d 2713,7 d 753,055 580,942 186,152 d 110.732 2,419 189 d 57Z291 3,406,041 187,452 348:,814 d 865:970 d 29,1 4 d 136,168 d 234,184 d 692.47 135,87o 1,422,391 d 265,896 d 72,7b5 Report of receiver or receivers. ** Report of trustee or trustees. *** Under trusteeship, Erie R.R, only. a Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. / Includes Boston & Albany, lessor to New York Central R.R. o/ Includes Southern Pacific Company, Texas & New Orleans R.R., and leased lines. The report contains the following information: "Figures reported above for Southern Pacific Transportation System exclude offsetting debits and credits for rent for leased roads and equipment, and bond interest, between companies included therein. Opera- tions for January 1940 of separately operated Solely Controlled Affiliated Companies (not included in above state- ment), resulted in a net deficit of $605,475. These results include #211,172 representing interest on bonds of such companies owned by Southern Pacific Company not taken into income by S. P. Co. and, therefore, not included in the 1940 income results for the system reported above. The combined results for January 1940 for Southern Pacific Transportation System and separately operated Solely Controlled Affiliated Companies amounted to a net deficit of 11,324,185. d Deficit. I I I Subject to revision TSC I fe 4 1:s1 UNIVERSITY OF FLORIDA I Illlll1111111111111111111111111111111111 INTERSTATE COMMERCE COMMISSION 3 1262 08851 1190 BUREAU OF STATISTICS SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 132 reports (Form IBS) representing 137 steam railways (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) TOTALS FOR THE UNITED STATES (ALL REGIONS) UNIV. OF FL LIB. U.S. DEPOMITOtY NET INCOME MILLIONS OF DOLLARS O -to _ -4o-- 1938 I1 I I II 1939 I 9I II I I 40 19140 For the month of February 1940 $32,617,739 9,76,000 42,381,739 2,288,544 40,093,195 10,515,64 38,241,769 131,231 48,888,64t d 8.796.449 1,965,778 16,824,870 2, 483,241 11,656,678 2,631,224 1939 $18,637,700 9,959,551 28,597,251 1,984,042 26,613,209 10,057,371 38,524,933 180,480 48,762,784 d 22.1 9.575 1,961,19 d 24.110.743 16,724,006 1,601,409 11,922,481 2,631,147 Income Items Net railway operating income ...................... Other income .................................. Total income .................................. Miscellaneous deductions from income ................ Income available for fixed charges ............. Fixed charges: 6-01. Rent for leased roads and equipment ......... 6-02. Interest deductions / ....................... 6-03. Other deductions ......................... 6-04. Total fixed charges .................... Income after fixed charges ..................... Contingent charges .................................. Net income g/.................................. Depreciation (Way and structures and Equipment) ..... Federal income taxes ................................ Dividend appropriations: 12-01. On common stock ........................... 12-02. On preferred stock ......................... For the two 1940 $78,373,415 21,092,971 99,466,386 4,663,732 94,802,654 2161,0 76,: 5,556 262,903 98,519,999 d 3.717. 145 3,931,556 d 7.648.901 33,693,696 5,753,232 13,395,159 4,425,635 months of 1939 451,584,872 22,:37,151 73,962,023 4,137,455 69,824,56 20,774,244 77,345,21 361, 65 98,481,80 d 28.65s6.812 d 32.579.4 33,528,313 3,729,814 14,558,937 3.586,919 Balance at end of February Balance at end of February Selected Asset Items Selected Liability Items 1940 1939 1940 1939 5/ 13. Investments in stocks, bonds, etc., other than those .of affiliated companies ,(Total, Account.,707)..d ..,, 14. Cash .............................................. 15. Demand loans and deposits ............................ 16. Time drafts and deposits ............................. 17. Special deposits ..................................... 18. Loans and bills receivable......................... 19. Traffic and car-service balances receivable .......... 20. Net balance receivable from agents and conductors .... 21. Miscellaneous accounts receivable .................... 22. Materials and supplies .............................. 23. Interest and dividends receivable ................... 24. Rents receivable .................................... 25. Other current assets ................................ 26. Total current assets (items 14 to 25) .......... $#62 7.?543, 525,714,913 18,990,174 26,870,165 98,743,353 2,392,163 64,535,206 45,016,058 122.757281 356,9 1:737 17,062,788 1,O53,916 4,574,292 1,284,682,046 $647,539,874 445,893,982 15,311 8 19,811: 4 50,86 117, ,966 32), Z72 18,87 ,852 1,16,3268 3, 316,380 1,103,761,136 Funded debt maturing within 6,.months ]/............ Loans and bills payable V/........................... Traffic and car-service balances payable ............ Audited accounts and wages payable .................. Miscellaneous accounts payable ...................... Interest matured unpaid ............................. Dividends matured unpaid ............................ Unmatured dividends declared ........................ Unmatured interest accrued .......................... Unmatured rents accrued ............................. Other current liabilities ........................... Total current liabilities (items 28 to 37) ..... 39. Tax liability (Account 771): 39-01. U. S. Government taxes ...................... 39-02. Other than U. S. Government taxes .......... $193,486,362 $266,114,633 198,037,990 211,211,794 79,673,284 73,345,358 245,13 6,971 22428 61,618 92 ?6, 336, 28 23,214,4 26,546,98 1,574,323 1,545,158 15,10,246 13,70,590 86,795,012 88,610,912 24,069,482 25,076,189 29,652,329 28,530,186 765,182,723 71,232,011 132,304,952 760,234,557 51,914,567 139,707,913 ANALYSIS OF NET INCOME j/ Month of February 1940 Month of February 1939 For the two months of 1940 For the two months of 1939 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net income a net deficit a net income a net deficit Number Number Number Number Number Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports reports reports reports reports reports 58 $10,525,106 71 $21,286,329 46 $6,024,248 83 $30,134,991 61 $26,667,322 68 $34,316,223 52 $17,242,642 77 $49,821,787 U. S. GOVERNMENT PRINTING OFFICE: 1940-0-15A6964 l/ Represents accruals, including the amount in default. F or 99 railways not in receivership or trusteeship the net income or deficit was as follows: February 1940, $427,435; February 1939, d t9.628.O91; 2 months 1940, $11,321,982; 2 months 1939, d 17.781.079. SIncludes payments of principal of long-term debt (other than ]ong-term debt in default) which will become due within six months after close of month of report. Includes obligations which mature not more than 2 years after date of issue. 1939 figures for certain liability items have been revised, for comparative purposes, to conform with changes prescribed in the Uniform System of Accounts by Commission's order of December 6, 1939, effective January 1, 1940. SExcludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. - Deficit or other reverse items. 1 I-~--~- -r I - -1 1 -r Statement No. M-125 FEBRUARY, 1940 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Net income after depreciation Net income before depreciation Name of railway For the two months of For the two months of 1940 1939 1940 1939 Alton R. R ....................................... Atchison, Topeka & Santa Fe Ry. System a/ ........ Atlantic Coast Line R. R. ........................ Baltimore & Ohio R. R. ........................... Boston & Maine R. R. ............................. Central of Georgia Ry.*........................... Central R. R. of New Jersey .....................' Chesapeake & Ohio Ry. ............................ Chicago & Eastern Illinois Ry.*.................... Chicago & North Western Ry.*...................... Chicago, Burlington & Quinoy R. R ............... Chicago Great Western R. R.... ................... Chicago, Milwaukee, St. Paul & Pacific R. R.**... Chicago, Rock Island & Pacific Ry.*............... Chicago, St. Paul, Minneapolis & Omaha Ry. ....... Delaware & Hudson R. R........................... Delaware, Lackawanna & Western R. R.............. Denver & Rio Grande Western R. R.** ............... Elgin, Joliet & Eastern Ry. ...................... Erie R. R. (including Chicago & Erie R. RB. ... . Grand Trunk Western R. R. ....................... Great Northern Ry, ............................. Illin( CGat.ra], R.,R. ,......................... Lahigh Valley R. R. ............................. Long Island R. R................................ Louisville & Nashville R. R..................... Minneapolis, St. Paul & Sault Ste. Marie Ry.*... Missouri-Kansas-Texas Lines ..................... Missouri Pacific R. R.* .......................... New York Central R. R. b/ ....................... New York, Chicago & St. Louis R. R. .............. New York, New Haven & Hartford R. R............. Norfolk & Western Ry. ........................... Northern Pacific Ry ............................ Pennsylvania R. R. ............................. Pere Marquette Ry .............................. Pittsburgh & Lake Erie R. R...................... Reading Co. ..................... ............... St. Louis-San Francisco Ry,** ..................... St. Louis, San Francisco & Texas Ry. ............ St. Louis Southwestern Lines 99................... Seaboard Air Line Ry.*........................... Southern Ry. ..................................... Southern Pacific Transportation System c/ ........ Texas & Pacific Ry ....... ........... Union Pacific R. R. (including leased lines) ..... Wabash Ry.* ....................................... Yazoo & Mississippi Valley R. R. ................. d 1 014 8 681,938 d 1.500.b55 d 160.s98 d 005 5,222,881 d 218.'15 d 2,899,9'6. 169,0 4 d 119i d 114 .42 2--- 93 d 23 d 689,69 1,131,298 d 1.192-.686 d 652.52 d 1.W- 83689 181, 2 1 I 419,750 1 ,756 d 1.8841281 a 86,54,5 d 24.795 d 5I67057 23,761 d 2,267,052 126,691 1,070,373 d 658,548 d 14.440 S 5049 978 17682,123 d 3 810,640 d 2.23.1500 d 691.716 176,123 377:243 d 1,218.530 d 6239,1-3 810,640 d 1.390661620 d 2.57984 d 3,115:203 d& 22.399 d 946,87 3,790,242 d 2,;203.6 d ,961o is8 ,216 473,068 d 2,232,911 d 692696 d 443,610 d 851.158 d 3.257.012 S69,402 492,416 d 1,066,166 d 227,754 d $296.0 1,020,791 d 305.613 80,752 d 406.019 d 196,621 6,627,526 d 117.799 d 2.072.955 807,232 S 1,40192 d 837.838 d 1,108,602 S 4.4,352 343.530 284,280 d 61.4?7 662,509 11,215 84,518 d 1.617.74-o 1 448,912 d 494,114 1,848,270 d 8,190 d 450,997 d 1.136 J6 2,824,315 601,853 d 387,141 6,442,657 d 1.023.0.O 6,924,207 802,510 914,561 1,232,655 d 1.377.168 d 86,406 80,172 d 17.750 611,867 d 939.094 32 ,_7_ 2,333,496 d 299,747 61,022 d $313.110 d 102.38 795,759 d 583. 92 26,979 d 367.921 d 590.752 ,297,955 d 212,137 d 2,671,00o 493,124 d 197.860 d 1,54,095 d 594,148659 346,056 d 63.727 541,034 d 605.525 d 21.190 d 2.349687 247,190" d 427,438 1,532,616 d 1.334.317 d 622.060 d 1,.63,697 d '43.323 241,370 d 3 0.597 4,619,409 d 1,639.708 346,301 661,126 992,064 d 1,720,750 d 69,557 d 340.356 d 49w.997 d 1.934.202 269,374 1,753,482 d 708.926 d 150.386 I I Report of receiver or receivers. Report of trustee or trustees. Under trusteeship, Erie R.R. only. Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. Includes Boston & Albany, lessor to New York Central R.R. Includes Southern Pacific Company, Texas & New Orleans R.R., and leased lines. The report contains the following information: "Figures reported above for Southern Pacific Transportation System exclude offsetting debits and credits for rent for leased roads and equipment, and bond interest, between companies included therein. Opera- tions for 1940 of separately operated Solely Controlled Affiliated Companies (not included in above statement), resulted in a net deficit of $349,241 for the month and 8954,716 for the period. These results include $211,172 for the month and *422,344 for the period, representing interest on bonds of such companies owned by Southern Pacific Company not taken into income by S.P. Co. and, therefore, not included in the 1940 income results for the System reported above. The combined results for 1940 for Southern Pacific Transportation System and sepa- rately operated Solely Controlled Affiliated Companies amounted to a net deficit of $1,475,239 for the month and $2,799,424 for the period." d Deficit. +* **o Subject to revision UNIVERSITY OF FLORIDA U1111 11 lllllllllllllli II1I INTERSTATE COMMERCE COMMISSION 3 1262 08851 1208 BUREAU OF STATISTICS SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES UNIV. OF FL LI. U.S. DEPOiTOY U.S. DEPOSITORY NET INCOME MILLION OF DOLLARS I! II TI II I rI II 11 1 II II II r1 40 -to -/ o l i Lfl l LL -^/ EzEE -40o \/- - 1938 1939 1940 Selected Asset Items 13. Investments in stocks, bonds, etc., other than those of affiliated companies (Total, Account 707)....... 14. Cash .............................................. 15. Demand loans and deposits ........................... 16. Time drafts and deposits ............................ 17. Special deposits .................................... 18. Loans and bills receivable .......................... 19. Traffic and car-service balances receivable ......... 20. Net balance receivable from agents and conductors .... 21. Miscellaneous accounts receivable ................... 22. Materials and supplies ............................. 23. Interest and dividends receivable ................... 24. Rents receivable .................................... 25. Other current assets ................................ 26. Total current assets (items 14 to 25) .......... Compiled from 132 reports (Form IBS) representing 137 steam railways (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) TOTALS FOR THE UNITED STATES (ALL REGIONS) T T F *1* - For the month of March 19'0 1 1939 $34, 375,050 9707,17 49,082,20T 2,101,738 41,980,4L9, 11,456,259 38,623,80 d 10.40.752i 16,894,500: 1,808,119 2,326,188 464:325 Income Items 4._____________ I.I Net railway operating income ....................... Other income ...................................... Total income ................................... Miscellaneous deductions from income................ Income available for fixed charges ............. Fixed charges: 6-01. Rent for leased roads and equipment ......... 6-02. Interest deductions/........................ 6-03. Other deductions ............................ 6-04. Total fixed charges .................... Income after fixed charges ..................... Contingent charges .................................. Net income/.................................... Depreciation (Way and structures and Equipment) ...... Federal income taxes ................................ Dividend appropriations: 12-01. On common stock ............ ............... 12-02. On preferred stock ......................... For the three months of 1940 $115,107,767 31,:29, 16,787205 385,687 147,583,370 d 12.603.6 50,716,104 8,:3,973 15,116,679 4,5oo00,635 -. I -- I II - Balance at end of Maroh 1940 $615,617,471 496, ,621 ,69573,39996 0,0,2 2 2 ,68 4 43,710,;32 119:698,282 366,277,575 19 720,682 1 268675 4 ,690,999 1,284,386,485 193 Selected Liability Items 1939 $85o959,922 6,239,193 111,805,039 l^Oig 50,422,814 5,519,019 Balance at end of Maroh 1940 1939 5/ I 1 I. - $643,586,4711 :1. ______________________________ 451,797,308 1 721 8 S:955 556 61,293,20 462 ,066 4bi;1 1,3661199: 3,903,119 27. Funded debt maturing within 6 months/ ............... 28. Loans and bills payable/ ............................ 29. Traffic and car-service-balances payable ............ 30. Audited accounts and wages payable.................... 31. Miscellaneous accounts payable ....................... 32. Interest matured unpaid .............................. 33. Dividends matured unpaid ............................. 34. Unmatured dividends declared......................... 35. Unmatured interest accrued........................ 36. Unmatured rents accrued ............................. 37. Other current liabilities ............................ 38. Total current liabilities (items 28 to 37) ...... 39. Tax liability (Account 771): 39-01. U. S. Government taxes ...................... 39-02. Other than U. S. Government taxes .......... $189,947,091 $259,462,246 1 ,602,720 214,160,920 5, 5a6,971 74,481,67 2 725 224,72 55 66,9 2 6 6 ; 4021B42 12 11 18 5 12 T 5 s80o 9 82,024, 7 22,6241 23445 50,552,817 3 34 775,857.395 777T83.,06 ANALYSIS OF NET INCOME / Month of March 1940 Month of Marh 1939 For the three months of 1940 For the three months of 1939 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net income a net deficit a net income a net deficit Number Number Number Number Number Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports reports reports reports reports reports 61 $12,994,113 68 $17,948,816 57 $10,482,044 72 $20,,722,96 63 $39,102,193 66 551,705,799 52 $27,027,159 77 $69,847,055 U. S. GOVERNMENT WRITING OFFICE : 1940-0-15694 / Represents accruals, including the amount in default. /For 99 railways not in receivership or trusteeship the net income or deficit was as follows; March 1940, $4,384,689; March 1939, $322,755; 3 months 1940, $15,706,671; 3 months 1939, d 7,4 56,.5. SIncludes payments of principal of long-term debt (other than long-term debt in default) which will become due within six months after lose of month of report. Includes obligations which mature not more than 2 years after date of issue. 1939 figures for certain liability items have been revised, for comparative purposes, to conform with changes prescribed in the Uniform System of Accounts by Commission's order of December 6, 1939, effective January 1, 1940 SExcludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. SDefioit or other reverse items. Statement No. M-125 MARCH, 1940 - -- --I- ----I ' ' I I - 1,119609,,466 ,102,924 142,959,@ INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Net income after depreciation Net income before depreciation Name of railway For the three months of For the three months of 1940 1939 1940 1939 Alton R. R..................................... Atchison, Topeka & Santa Fe Ry. System a/ ........ Atlantic Coast Line R. R.. ...................... Baltimore & Ohio R. R.......................... Boston & Maine R. R. ........................... Central of Georgia Ry.*........................... Central R. R. of New Jersey* ..................... Chesapeake & Ohio Ry. ............................ Chicago & Eastern Illinois Ry.**.................. Chicago & North Western Ry**...................... Chicago, Burlington & Quincy R. R................ Chicago Great Western R. R.**.................... Chicago, Milwaukee, St. Paul & Pacific R. R.... Chicago, Rock Island & Pacific Ry.*.............. Chicago, St. Paul, Minneapolis & Omaha Ry........ Delaware & Hudson R. R ........................ Delaware, Lackawanna & Western R. R............ Denver & Rio Grande Western R. R.**............... Elgin, Joliet & Eastern Ry. ...................... Erie R. R. (including Chicago & Erie R. R.)***.... Grand Trunk Western R. R ........................ Great Northern Ry. ............................. Illinois Central R. R. ........................... Lehigh'Valley R. R. ............................ Long Island R. R ............................... Louisville & Nashville R. R ..................... Minneapolis, St. Paul & Sault Ste. Marie Ry.*.... Missouri-Kansas-Texas Lines ..................... Missouri Pacific R. R.*t.......................... New York Central R. R. b/ ........................ New York, Chicago & St. Louis R. R............... New York, New Haven & Hartford R. R............. Norfolk & Western Ry. ........................... Northern Pacific Ry. ............................. Pennsylvania R. R. ............................... Pere Marquette Ry.............................. Pittsburgh & Lake Erie R. R...................... Reading Co. ..................................... St. Louis-San Francisco Ry.** ..................... St. Louis, San Franoisoo & Texas Ry. .......*....* St. Louis Southwestern Lines*............................ Seaboard Air Line Ry* ............................ Southern Ry...................................... Southern Pacific Transportation System c/ ........ Texas & Pacific Ry ............... ........ Union Pacific R. R. (including leased lines)..... Wabash Ry* ........................ Yazoo & Mississippi Valley R. R. ................. d $524.757 d . 276,702 d 2.101.69a d 184201 d 786.559 d 921 1 246,702 219,940 d 921.818 1,235,927 451,619 d 1 .3s864 d 187.659 425,658 707634 1,056,196 d 2.888.233 d 134.059 59,699 d 984.743 a 5 8205 d $501.770 d 2.757.468 1,046.060 d 2.208840 a 319.6l7 d 282.128 264,758 d 66.79 d 662.772 74,459 d 117.582 d 470.567 d 14. 27 21 892,020 d 1,422,782 d 154,438 a $460.288 1,388,963 483,921 d 574.566 186,830 954d 679.0637 d 199.302 d 3.3 95..3 1,544,978 d 214 7.24 d 133.920 d 1 78 658 186,830 d 1.963.3Z7 da 17il8 d 11 U6s 9 d 672.4151 d 2161 3437:998 1 g2g, if d 2,127,529 a 134463.92880 217,777 31-3, 318 ____________________ I I I d $437,613 200oo,77 1, 578002 d 409.672 a 494.455 d d 576921 d 250.427 d 3784 860 1,013,688 d 3.1 198 d 1.998 5310 d 1.20 809 41169,168 579, 42 d 9 1798 1,.8 272 d 49247235 d 117.J37 d 315.755 323, 2,9215,569 2,d 1.977698.310 d 886.899 d 36 .S01 d 996 9 * Report of receiver or receivers. I* Report of trustee or trustees. 1* Under trusteeship, Erie R.R. only. a Includes Atohison, Topeka & Santa Fe Ry. Sulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. SInoludes Boston & Albany, lessor to New York Central R.R. SInoludes Southern Pacific Company, Texas & New Orleans R. R., and leased lines. The report contains the following information: "Figures reported above for Southern Pacific Transportation System exclude offsetting debits and credits for rent for leased roads and equipment, and bond interest, between companies included therein. Operations for 1940 of separately operated Solely Controlled Affiliated Companies (excluding results for Southern Pacific Rail- road Company of Mexico), not included in above statement resulted in a net deficit of $469 580 for the month and $1,391,266 for the period. These results include #211 172 for the month and $633,516 for th period, representing interest on bonds of such companies owned by Southern Pacific Company not taken into income by S.P.Co. and there- fore, not included in the 1940 income results for the system reported above. The combined results for 1946 for Southern Pacific Transportation System and separately operated Solely Controlled Affiliated Companies excludingg S.P.R.R. Co. of Mexico) amounted to a net deficit of $1 664,947 for the month and $4,431,341 for the period. Fig- ures herein given exclude results of S.P.R.R.Co. of Mexico for the reason that policy was adopted January 1, 1940 of making no further advances to that company, it being required to conduct its operations entirely within its own resources.N d Deficit. .4 * Subject to revision UCV. OF F4Lt 4 UNIV. OF- FL LIB. U. DENTS DEgT. U.. DETO U.S. DEPOSITORY NET INCOME MILLIONS OF DOLLARS 0v --------- .0 A 0 to I I l i I I I I I I I I I I I I I I I I l i 1938 1939 UNIVERSITY OF FLORIDA IIIIIIIIIIIIIII I IIIII1111111 I INTERSTATE COMMERCE COMMISSION 3 1262 08851 1216BUREAU OF STATISTICS Statement No. M-125 APRIL, 1940 SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 152 reports (Form IBS) representing 137 steam railways (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) TOTALS FOR THE UNITED STATES (ALL REGIONS) 1940 For the month of April 1940 443;t,393 *53, 822, 29 1,848,315 42,521,078 11, 280,516 38,400, 50 S153,124 49,813,70 & 9.261.171 17,036,831 2,864,826 1939 Income Items For the four months of 1~0o 1939 I.---~ I I $15,525,769 10,567,202 25,890,971 1,835,280 24, 57,691 11,102,674 38,622,989 d .8067 d 27.623:773 16,839,686 631,214 1,615,922 764,962 Net railway operating income ........................ Other income ....................................... Total income ................................... Miscellaneous deductions from income ................ Income available for fixed charges ............. Fixed charges: 6-01. Rent for leased roads and equipment ......... 6-02. Interest deductionsl/........................ 6-03. Other deductions ........................... 6-04. Total fixed charges .................... Income after fixed charges ..................... Contingent charges .................................. Net income/..................................... Depreciation (Way and structures and Equipment) ..... Federal income taxes ................................ Dividend appropriations: 12-01. On common stock ............................ 12-02. On preferred stock ......................... $148,929,976 43,105,724 192,033,700 8,635,522 183,598,178 43,410,056 155,468,272 518,811 197,397,1-9 d 1M 9.9 d 21i864:778 67,752,936 11,508,799 15,872,675 5,265,416 $101,283,689 42,651,510 143,935,199 8,072,473 135,862,726 435,53,178 1, 592,509 533,542 198,45o029 d 70.43.673 67,262,499 6,150,233 18,501,057 4,816,206 Balance at end of April Balance at end of April Selected Asset Items Selected Liability Items 1940 1939 19140 1939 5i 13. Investments in stocks, bonds, etc., other than those 27. Funded debt maturing within 6 months 3/............... $258,006,296 $251,732,716 of affiliated companies (Total, Account 707)........ $598,989,796 $639,318,563 28. Loans and bills payable 4/. .......................... 179,144,094 212,597,664 14. Cash ................................................ 482,122,600 429,772,47 29. Traffic and car-service balances payable ............. 74, 22,683 65,763,160 15. Demand loans and deposits ......................... 22,005,863 13,306,720 30. Audited accounts and wages payable ................... 227,b29.750 233,78,605 16. Time drafts and deposits ............................. 27,16,28 20,212,5 31. Miscellaneous accounts payable ....................... 61,891,021 65,265,33 17. Special deposits ..................................... 96,00,0 55,661120 32. Interest matured unpaid .............................. 27,258,758 29,20,599 18. Loans and bills receivable ....................*....... 2,782,940 1,299,130 33. Dividends matured unpaid ............................. 1,835,556 1,809,750 19. Traffic and car-service balances receivable .......... 60,53,77 9,526,530 34. Funded debt matured unpaid ........................... 2,0,506 20. Net balance receivable from agents and conductors .... 46,77,959 42,150,163 35. Unmatured dividends declared ......................... 83,7,14 4157,98 21. Miscellaneous accounts receivable .................... 120,161,505 116,118,309 36. Unmatured interest accrued ........................... 27,257, 27957, 689 22. Materials and supplies .............................. 367,531,052 328,332,592 37. Unmatured rents accrued .............................. 0,670,506 31,119,732 23. Interest and dividends receivable .................... 20,614 707 19,230,128 24. Rents receivable ..................................... 1,322,626 1,142,059 25. Other current assets ............................... 4760,010 4,80,971 38. Total current liabilities (items 28 to 37) ...... 715,116,576 752,599 00 26. Total current assets (items 14 to 25) ........... 1,251,453,336 1,081,132,702 39. Tax liability (Account 771): 39-01. U. S. Government taxes ...................... 89,516,122 55,815,304 _-02. Other than U. S. Government taxes .......... 130,812,721 138,927,939 ANALYSIS OF NET INCOME j/ Month of April 1940 Month of April 1939 For the fouw months of 1940 For the four months of 1939 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net income a net deficit a net income a net deficit Number Number Number Number Number Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports reports reports reports reports reports 51 $11,267,572 78 $20,528,743 37 $2,318,163 92 *29,941,936 58 *48,928,142 71 $70,792,920 52 $25,809,927 77 *96,253,600 U. S. GOVERNMENT PRINTING OFFICE: 1940-0-1569 SRepresents accruals, including the amount in default. SFor 99 railways not in receivership or trusteeship the net inoome or defloit was as follows; April 1940, *2,659,875; April 1939, d *14.168.891; 4 months 1940, *18,366,545; 4 months 1939, d $21.627.216. Includes payments of principal of long-term debt (other than long-term debt in default) which will become due within six months after lose of month of report. Includes obligations which mature not more than 2 years after date of issue. 1939 figures for certain liability items have been revised, for comparative purposes, to conform with changes prescribed in the Uniform System of Accounts by Gommission's order of December 6, 1939, effective January 1, 1940. Excludes reports of 3 roads whose net inoome (or deficit) was absorbed by the controlling company. Deficit or other reverse items. 64 rTrrrrlTMrrTFrTT INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Net income after depreciation Net income before depreciation Name of railway For the four months of For the four months of 1940 1939 1940 1939 Alton R. R...................................... Atchison, Topeka & Santa Fe Ry. System a/ ....... Atlantic Coast Line R. R......................... Baltimore & Ohio R. R ........................... Boston & Maine R. R................ ............. Central of Georgia Ry? .......................... Central R. R. of New Jersey*"..................... Chesapeake & Ohio Ry ............................ Chicago & Eastern Illinois Ry?*.................. Chicago & North Western RyP* ..................... Chicago, Burlington & Quincy R. R. ............... Chicago Great Western R. R.**..................... Chicago, Milwaukee, St. Paul & Pacific R. R..... Chicago, Rock Island & Pacific Ry.**............. Chicago, St. Paul, Minneapolis & Omaha Ry ....... Delaware & Hudson R. R........................... Delaware, Lackawanna & Western R. R.............. Denver & Rio Grande Western R. R,. ............... Elgin, Joliet & Eastern Ry ..................... Erie R. R. (including Chicago & Erie R. R.)** .... Grand Trunk Western R. R. ........................ Great Northern Ry. .............................. Illinois Central R. R. ......................... Lehigh Valley R. R.............................. Long Island R. R................................ Louisville & Nashville R. R...................... Minneapolis, St. Paul & Sault Ste. Marie Ry?*.... Missouri-Kansas-Texas Lines ..................... Missouri Pacific R. R.**........................ New York Central R. R. b/ ....................... New York, Chicago & St. Louis R. R............... New York, New Haven & Hartford R. R.* ........... Norfolk & Western Ry. ............................ Northern Pacific Ry ............................. Pennsylvania R. R............................... Pere Marquette Ry. ............................... Pittsburgh & Lake Erie R. R...................... Reading Co. .. .................................... St. Louis-San Francisco RyV*...................... St. Louis, San Francisco & Texas Ry. ............ St. Louis Southwestern Lines*?.................... Seaboard Air Line Ry.*.......................... Southern Ry ...................................... Southern Pacific Transportation System c/ ........ Texas & Pacific Ry. Union Pacific R. R. (including leased lines) .... Wabash Ry.* ..................................... Yazoo & Mississippi Valley R. R. ................. d $791.988 d 2.681.:39 d '381,419 216,49 d 503.67 693, 11 d 1.508.527 107,377 d 8,10 I1 1,911,135 d 2 208.45 d 170 .012 4856,052 d 2.109.562 d 2.101.862 14076 1,405:445 d 3.903,766 d 170.012 d 156,052 d 1.023.094 d 4. 3.285 1.865,245 d 1.481.862 d 164,760 d 296.964 9 *674 d 4.284.792 d 141,315 d 546.881 d 1.552.810 124,206 1,124,342 d 2.044.533 d 289,311 503,669 d 1.77.45 d 914!81 A .7 1,014,611 d 1.011.473 1,311,679 11 63,979 2,13,501 d 2889.387 d 169,873 55,161 S 252.86 1,575 S1.77.6 4.3 p::1 d 763,252 d 7,292 d 1643.964 377,634 1,782,103 d 2180992 8,720 d 694.763 5, 04 751 d 403.377 775,468 d 259.032 d 4.966. 19 718 612 194,111 d 1.690,484 d 561.647 d 621.800 d 832.209 2,086,589 403,18 493, s5 1,000,784 1,879,366 d 3.260,251 d 141,037 d 340.631 d 2.510.5 2 3,620,930 d 1.329,996 a 1335914 Report of receiver or receivers. ** Report of trustee or trustees. *** Under trusteeship, Erie R. R. only. a Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. Includes Boston & Albany, lessor to New York Central R. R. / Includes Southern Pacific Company, Texas & New Orleans R. R., and leased lines. The report contains the following information: "Figures reported above for Southern Pacific Transportation System exclude offsetting debits and credits for rent for leased roads and equipment, and bond interest, between companies included therein. Operations for 1940 of separately operated Solely Controlled Affiliated Companies (excluding results for Southern Pacific Rail- road Company of Mexico), not included in above statement resulted in a net deficit of $498 784 for the month and $1,901,145 for the period. These results include $211 l12 for the month and $844,688 for the period representing interest on bonds of such companies owned by Southern Pacific Company not taken into income by S.P. Co. and, there- fore not included in the 1940 income results for the System reported above. The combined results for 1940 for Southern Pacific Transportation System and separately operated Solely Controlled Affiliated Companies (excluding S.P.R.R. Co. of Mexico) amounted to a net deficit of $1,137,306 for the month and $5,579,742 for the period. Fig- ures herein given exclude results of S.P.R.R. Co. of Mexico for the reason that policy was adopted January 1, 1940 of making no further advances to that company, it being required to conduct its operations entirely within its own resources." d Deficit. SC.. I A 3. 3f: q4o0 Subject to revision UNIV. OF FL LIB. DCIMENTS DEPT. U.S. DEPOSITORY UNIVERSITY OF FLORIDA II l 111111111111111111 IIIIII11 INTERSTATE COMMERCE COMMISSION 3 1262 08851 1521 STATISTICS BUREAU OF STATISTICS Statement No. M-125 MAY,1940 SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 132 report* (Form IBS) representing 137 steam railways (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) TOTALS FOR THE UNITED STATES (ALL REGIONS) NET INCOME MILLIONS OF DOLLARS I t | i I I 1 I I I I I I II I I I I I I I I 40 __ Zo A- - O0 40 1938 1939 1940 Selected Asset Items 13. Investments dp stocks, bonds, etc., other than those of affiliated companies (Total, Account 707) ....... 15. Demand loans and deposits ........................... 16. Time drafts and deposits ........................... 17. Special deposits .................................... 18. Loans and bills receivable .......................... 19. Traffic and car-service balances receivable ......... 20. Net balance receivable from agents and conductors .... 21. Miscellaneous accounts receivable ................... 22. Materials and supplies............................. 23. Interest and dividends receivable................... 24. Rents receivable .................................... 25. Other current assets ............................... 26. Total current assets (items 14 to 25) .......... For the month of May 1940 $47,076,826 11 15 213 58,232,039 2,017,801 56,214,238 11,2, 97P 38, 7 7 50,45,287 5:, 808951 1,965,701 3,843,71 17,159.010 3,934,931 16,679,721 3,962,660 S I 1939 (25 172,742e 10,750,235 35,922977 1,712,206 34,210,771 11,812,030 11 : 38, 600 2,6 50,569481 d 16.353.910 d 18.315.076 16,8662695 1,192,335 3,957,670 1; 1! U^:f?;S Income Items 1. Net railway operating income ....................... 2. Other income ........................................ 3. Total income ................................... 4. Miscellaneous deductions from income ................ 5. Income available for fixed charges ............. 6. Fixed charges: 6-01. Rent for leased roads and equipment ......... 6-02. Interest deductions )....................... 6-03. Other deductions ............................ 6-04. Total fixed charges .................... 7. Income after fixed charges ..................... 8. Contingent charges .................................. 9. Net income /.................................. 10. Depreciation (Way and structures and Equipment) ..... 11. Federal income taxes ................................ 12. Dividend appropriations: 12-01. On common stock ............................ 12-02. On preferred stock ........................ For the five - - - I- Balance at end of May 1940 1939 Selected Liability Items months of Balance at end of May 1940 - ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -- *I ______ _______________________ $613,174,300 478,320,131 26,14971,224 147,620,976 ,3 895,912 61,517,508 46,762,896 120,382,427 BWs 1,299,925,198 414, ,2 8 13:66676T9 20 2, Td,820 32R:11i:087 09 4 i393 1,065,144,426 27. Funded debt maturing within 6 months A............. 28. Loans and bills payable i........................ 29. Traffic and oar-service alances payable ............. 30. Audited accounts and wages payable .................. 31. Miscellaneous accounts payable ...................... 32. Interest matured unpaid .............................. 33. Dividends matured unpaid ............................ 34. Unmatured dividends declared........................ 35. Unmatured interest accrued.......................... 36. Unmatured rents accrued ............................. 37. Other current liabilities ........................... 38. Total current liabilities (items 28 to 37) ..... 39. Tax liability (Account 771): 39-01. U. S. Government taxes ..................... 39-02. Other than U. S. Government taxes .......... $167,102,433 1ixoQ I $169,632,358 1,7055 21208,953 77 7,778 6 90,74 21 7929 231,803082 62, 26.280 0 8 712 26 2,225 170 1 41:946 1 79 7 27 279,251 10 358, 257 189 839.360.016 772.114.806 51,489,046 148.822.344 . ._._._._._._._.. ... _. ANALYSIS OF NET INCOME f/ Month of May 1940 Month of May 1939 For the five months of 1940 For the five months of 1939 Railas reporting Raways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net income a net deficit a net income a net deficit Number Number Number Number Number Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reportsreports reports report reports reports reports reports 62 o20,250,935 67 $16,407,764 46 $4T,741,875 83 $23,056,951 57 (64,079,589 72 t82,101,197 49 $27,793,471 8o0 116,552,220 U. &GOVERNMENT PRINTING OFFICE t140-O.245440 V Represents aoouals, including the amount in default. y or 9rall ys m not in reoelvership or truste ehlp t net ino ae or deficit was as follows: May 1940, $14,652,579; May 1939, a 14,954,226; 5 months 1940, $33,019,124; 5 months 1939, d K26.58yr44 _______ Includes payments of prinolpal of long-term debt (other than long-term debt in default) which will become due within six months after lose of month of report. Includes obligations whioh vatur not more than 2 year# after date of issue. 1939 figures for certain liability items have been revised, for comparative purposes, to conform with changes preeoribed in the Uniform System of Accounts by Commission's order of December 6, 1939, ffeotive January 1, 1940. 6 Exoludee reports of roads whose net income (or deficit) was absorbed by the controlling oepaWny. - Deficit or other reverse items. -F - I . , I (644,666,948 74,382,709 134 82. 620 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Net income after depreciation Net income before depreciation Name of railway For the five months of For the five months of 1940, 1939 1940 1939 Alton R. R. .................................... Atchison, Topeka & Santa Fe Ry. System a/ ........ Atlantic Coast Line R. R ....................... Baltimore & Ohio R. R .......................... Boston & Maine R. R. ............................ Central of Georgia Ry.*....................... Central R. R. of New Jersey* .................... Chesapeake & Ohio Ry ........................... Chicago & Eastern Illinois R, ................... Chicago & North Western Ry. ................... Chicago, Burlington & QuincyR. R ............... Chicago Great Western R. R. ...................... Chicago, Milwaukee, St. Paul & Pacific R. R.**.... Chicago, Rock Island & Pacific Ry.*.............. Chicago, St. Paul, Minneapolis & Omaha Ry. ....... Delaware & Hudson R. R ......................... Delaware, Lackawanna & Western R. R. ............. Denver & Rio Grande Western R. R. ............... Elgin, Joliet & Eastern Ry. ................... Erie R. R. (including Chicago & Erie R. R.).... Grand Trunk Western R. R. ....................... Great Northern Ry .............................. Illinois Central R. R .......................... Lehigh Valley R. R. ........................... - Long Island R. R .......... ................. Louisville & Nashville R. R .................... Minneapolis, St. Paul & Sault Ste. Marie Ry..... Missouri-Kansas-Texas Lines ..................... Missouri Pacific R. R.. ......................... New York Central R. R. b/ ................;...... New York, Chicago & St. Louis R. R. ............. New York, New Haven & Hartford R. R. .......... Norfolk & Western Ry ............... ........... Northern Pacific Ry ............................ Pennsylvania R. R .............................. Pere Marquette Ry ............................ Pittsburgh & Lake Erie R. R................... Reading Co ...................................... St. Louis-San Francisco Ry.*..................... St. Louis, San Francisco & Texas By. ............. St. Louis Southwestern Line& .................... Seaboard Air Line Ry ............................ Southern Ry................................. Southern Pacific Transportation System c/ ....... Texas & Pacific Ry ............................ Union Pacific R. R. (including leased lines) ..... Wabash Ry .s.... ....... .... ............... Yazoo & Mississippi Valley R. ................ d 2.7174 9d2171o69 587,889 1,270,592 1 855, 38 a 185,861 d 1.73 d 4. 2,495, 33 d18477 497,140 d 2.351204 .1 S 50.927 d 815.397 1,562 51 d 2173, d 2155,51 78458 5l ,314 1558964 YII#Iqi 1,208,203 d 1 41 1, 5416o3 2,182 167 3,151,000 d 3.590,091 d 185.722 26.091 d 769.006 d 1.48 5, 50;727 d 25-4 d 1 1,68,989 ,788 481,941 1 260o817 d 4.960,168 a 173,016 a 557.752 d 1.284.162 d 1.6o. A b ,90 Report of receiver or receivers. Report of trustee or trustees. e** Under trusteeship, Erie R.R. only. a/ Includes Atohison, Topeka & Santa Fe By. Gulf, Colorado & Santa Fe By., and Panhandle & Santa Fe By. SInoludes Boston & Albany, lessor to New fork Central R.R. o Includes Southern Pacific Company, Texas & New Orleans R. R., and leased lines. The report contains the following information: "Figpres reported above for Southern Pacific Transportation System exclude offsetting debits and credits for rent for leased roads and equipment, and bond interest, between oeqpanies included therein. Operations for 1940 of separately operated Solely Controlled Affiliated Companies excludingg results for Southern Paoifio Rail. road Company of Mexico), not included in above statement resulted in a net deficit of 1449,718 for the month and $2,350,863 for the period. These results Inolude *212,167 for the month and $1,056,795 for the period, representing interest on bond of such companies owned by Southern pacific Company not taken into inoome by S.P.0o. and there- fore not included in the 1940 inoom results for the System reported above. The combined results for 1946 for Southern Pacific Transportation System and separately operated Solely Controlled Affiliated Companies excludingg S.P.R.R.Co. of Mexico) amounted to a net deficit of 1283,932 for the month and *5,863,674 for the period. Figures herein given exclude results of S.P.R.R.Co. of Mexico for the reason that policy was adopted January 1 1940 of mak- ing no further advances to that company, it being required to conduct its operations entirely within its own re- sources.i d Deficit. 51 2 d 6.02 d *b14.825 E e-. I .At 3 :q40 Subject to revision UNIVERSITY OF FLORIDA II II II1111 IIIII IIIIMIIIUIII INTERSTATE COMMERCE COMMISSION 3 1262 08851 1539 BUREAU OF STATISTICS SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Statement No. M-125 JUNE, 1940 Compiled from 132 epioeats (Form IBS) representing 137 steam railways (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) TOTALS FOR THE UNITED STATES (ALL REGIONS) NET INCOME MILLIONS QF DOLLARS L~hh~h~Ih'~, I -W, r UNIV. OF FL LI U.S. DEPOCiTORY 40 0 to 40 I -I-- --- LLI==L"V==L 1L 1938 1939 1940 For the month, of June 1940 "' 4:7.484.657 14,705,250 62,189,907 2,358,290 59,831,617 11,870,161 38,819,501 129,1191 50,818,781 9,012,836, 1,963,278 7,0o49,58 17,143,554 5,129,5541 3U, Income Items 1. Net railway operating income ........................ 2. Other income ........................................ 3. Total income ................................... 4. Miscellaneous deductions from income ................ 5. Income available for fixed charges ............. 6. Fixed charges: 6-01. Rent for leased roads and equipment ......... 6-02. Interest deductions /........................ 6-03. Other deductions ........................... 6-04. Total fixed charges .................... 7. Income after fixed charges ..................... 8. Contingent 'charges ................................. 9. Net income /...... .............................. 10. Depreciation (Way and structures and Equipment) ..... r11. Federal income taxes ................................ 12. Dividend appropriations: 12-01. On common stock ............................ 12-02. On preferred stock ........................ For the six months of 1940 4242,432,055 68,962,017 311,394,072 13,011,613 298,382,459 67,139,614 230,704,963 776,633 298,621,210 d 238, 751 11,7941875 d 12,033,626 102,055,o501 21,660,675 1939 $165,623,213 66,893,963 232,517,176 11,828,937 220,688,239 66,574,862 231,568,987 798,381 298,942,230 d 78.253.991 11,769,]o d 90,023,694 100,950,683 9,:4:945 Balance at end of June Balance at end of June Selected Asset Items Selected Liability Items 1940 1939 1940 19395/ 13. Investments in stocks, bonds, etc., oth~r than those 27. Funded debt maturing within 6 months / ................ $148,821,071 $188,494,605 ,'of affiliated companies (Total.. Account 707)....$......599,914?535 6636,370,943 14. Cash 28. Loans and bills payable ............................ 177,441,113 212,683,918 15. Demand loans ad deposits .. ...36........7 430,302330 29. Traffic and car-service balances payable ............. 80,487,19 76,113,573 16. Time dratns and deposits ............................ 26,2758- 2 15,818~ 5 30. Audited accounts and wages payable ................... 225,742,52 222,866,024 Se d and deposits ........*................... 27.086, 20,838 31. Miscellaneous accounts payable ....................... 71,71,680 17. Special deposits .............. ................ 131,1846,6 71,1 4 2. Interest matured unpaid.............................. 6,07 50,063,09 18. Lan an bills receivable .......................... 196119 419 33. Dividends matured unpaid ............................. 1,322,09,390,963 19. Traffic and car-service balances receivable 609,319 '34. Unmatured dividends declared ........................93,2390,2963 20. Net balance receivable from agents and conductors .... 9 3,9 6 674,290 Unmatured ieres accred........................... 7,687,65 7 36 21. Miscellaneous accounts receivable .................... 122,66,701 16 ,707 36. Unatured rents accrued .............................. 16,1,929 1 7 22. Uaterialsand supplies. rev...351,ce336,85 ceivabe .318,895, 39 37. Other current liabilities ............................ 78, 3383,04 ,717, 02 23. Interest and dividends receivable........................20 6,608 17,912,065 24. Rents receivable ....................... ......... ....4.. o3,801 1,271, 88 25. Other current assets ................................. 6,302,03 6,228,835 38. Total current liabilities (items 28 to 38) ...... 789,365,291 769,872,720 26. Total current assets (items 14 to 25) ........... 1,279,696,964 1,101,884,172 :39. Tax liability (Account 771): 39-01. U. S. Government taxes ...................... 85,070,860 55,017,951 ____ ___ 39-02. Other than U. S. Government taxes ........... 138,628,338 156,251,604 ANALYSIS OF NET INCOME 6/ Month of June. 1940 Month of June 1939 For the six months of 1940 For the six months of 1939 RailwaySdreporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a not deficit a net income va net deficit a net income a net deficit a net income a net deficit Number Number Number Number Number Number Number Number of Amount o 'f Amouat of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports rep sorts reportspo reportsorts rts reports 55 43,306,827 74 $16,257,269 147 $18,431,081' 82 (19,696,027 57 $80,152,994 72 $92,186,620 49 $37,809,953 so $127,833,647 U U.S. GOVERNMENT PRINTING OFFICE :1940-0-245440 I/Repres4nts adcruals,V ijaltuding the amount in default. Fo 29 railw4a no. n receivership or trusteeship the net income or deficit was as follows:e June 1940, $17,387,346; June 1939, $11,331,691; 6 months 1940, 849,344,895; 6 months 1939, / Includes payments of principal of long-term debt (other than long-term debt in default) which will become due within six months after close of month of report. Includes obligations which mature not more than 2 years after-date of issue. 1939 figures for 9ertain liability Items have been revised, for comparative purposes, to conform with changes prescribed in the Uniform System of Accounts by Commission's order of December 6, 1939,9-ffeotive January i, 1940.. / Excludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. SDeficit or other reverse items. k ^ ..a . 1939 39.,1664783 13,192,219 52,659,002 2,044,259 50,614,743 11,369,653 38,46.653 132,216 49,918,522 696,221 1,961,167 d 1.26,.9 ~ 16,80o5,486 2,132,377 I -1 1 i INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Net income after depreciation Net income before depreciation Name of railway For the six months of For the six months of 1940 1939 19 40 1939 Alton R. R ...................................... Atchison, Topeka & Santa Fe Ry. System a/ ........ Atlantic Coast Line R. R......................... Baltimore & Ohio R. R. ........................... Boston & Maine R. R. ........................... Central of Georgia Ry.**.......................... Central R. R. of New Jersey*S?...................... Chesapeake & Ohio Ry. ............................ Chicago & Eastern Illinois Ry.*.................. Chicago & North Western Ry.**................... Chicago; Burlington & Quincy R. R................ Chicago Great Western R. R...................... Chicago, Milwaukee, St. Paul & Pacific R. R.*.... Chicago, Rock Island & Pacific Ry................ Chicago, St. Paul, Minneapolis & Omaha Ry. ....... Delaware & Hudson R. R........................... Delaware, Lackawanna & Western R. R.............. Denver & Rio Grande Western R. R.**............... Elgin, Joliet & Eastern Ry. ...................... Erie R. R. (including Chicago & Erie R. R.)***.... Grand Trunk Western R. R. ...................... Great Northern Ry......... ............... Illinois Central R. R. ......................... Lehigh Valley R. R. .............................. Long Island R. R............................. Louisville & Nashville R. R..................... Minneapolis, St. Paul & Sault Ste. Marie Ry..... Missouri-Kansas-Texas Lines ..................... Missouri Pacific R. R.* ........................... New York Central R. R. / .................. New York, Chicago & St. Louis R. R............... New York, New Haven & Hartford R. R.*?............ Norfolk & Western Ry............................. Northern Pacific Ry. ..... .................. .. Pennsylvania R. R.............................. . Pere Marquette Ry. ................................ Pittsburgh & Lake Erie R. R...................... Reading Co. ...................................... St. Louis-San Francisco Ry.**.................... St. Louis, San Francisco & Texas Ry. ............. St. Louis Southwestern Lines*".................... Seaboard Air Line Ry.*........................... Southern Ry.. .......................... .......... Southern Pacific Transportation System c/ ........ Texas & Pacific Ry ........................ .. Union Pacific R. R. includingg leased lines)..... Wabash Ry. ..................... Yazoo & Mississippi Valley R. R. ................. d 1.251.831 d 1.808.353 16,2 2, 9 d 994.747 d 6,701:535 514,852 d 420.001 d 3.00 30 1,201.651. d 1,65-1:96 3,572,580 d 576b.11 547,894 d 2.3il6.47T 1,756,753 2,3P9,916 d 5.142.,077 d 2w6,919 d 2.15.984 1,0381471 d 3.7750728 ,-yJ 263 3,85664 d 2g 45 489,395 d 852.976 d 246 1,372,551 S 430 d 95659n d 121.945 d Oal 4,175,'00. d_ 656.176 1,_16261 S 5.86 387 di11.19 ,75-3 d 2,926.703. d 3.0.386 2!3,9535 d $1.O64.629 4,269,146 d 119.895 2,447;4b5 627,743 d 825.098 A l.O110462 20, 99,236 d- 692.072 d 4.23,969 2 2 446,244 d 326.666 606,273 1,o427,41 430,957 d 1.025.055 606,273 1,427,401, 430,950 d 1,025,05 5, loo100 d 2.5 ,817 d 7,581.49 1,341,878 d 1.758.871 1,485,223 2,850,:627 3,835,386 52,635 1,02,70 d 1.372 31 9,38W ;1 d $840.717 2,774,958 1,133,122 d 2,756~ 91 129,690 d 1.053.897 d 1.424.151 a .808. .6 10, 784864 647,044 d 278,784 d 1',65g:839 996,939 366,765 d 2,764 .888 1,o.5,031 d 808,806 d 957.236 d 1.547,-73 1,74; 96 d i. 5 , '- 7 . S663,264 d 1.084.953 2 08 1,633,01 2,971,695 d 4,326.576 a 131,120 d 888.691 6sss 691 893,830 559,842 6,657:065 d 2,0 9.9 Report of receiver or receivers. Report of trustee or trustees. *e* Under trusteeship, Erie R. R. only. a Includes Atohison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. SIncludes Boston & Albany, lessor to New York Central R. R. o/ Includes Southern Pacific Company, Texas & New Orleans R. R., and leased lines., The report contains the following information: "Figures reported above for Southern Pabific Transportation System exoludeioffsetting debits and credits for rent for leased roads and equipment, and bond interest, between qospanies included therein. Operations for 1940 of separately operated Solely Controlled Affiliated Companies (excldding result for Southern Pacific Railroad Company of Mexico), not included in above statement resulted in a net itficit ofi4 99,006 for the month and 2,749,869 for the period. These results include *213,048 for the month and *1,269,43 for the period, repre- senting interest on bonds of such companies owned by Southern Pacific Company not takon into income by S.P.Co. and, therefore, not included in the 1940 income results for the System reported above. The combined results for 1940 for Southern Pacific Transportation System and separately operated Solely Controlled AffiliatedCopanies (exclud- ing S.P.R.R.Co. of Mexico) amounted to a net income of *607,920 for the month and a net deficit of $5,255,754 for the period. Figures herein given exclude results of S.P.R.R.Co. of Mexico for the reason that policy was adopted January 1, 1940 of making no further advances to that company, it being required to conduct its operations entirely within its own resources." d Deficit. d 1.479.852 d 2,124,708 - 5,958,11 fC, IA bt,5, 9'4O Subject to revision UNIVERSITY OF FLORIDA S3IIIIIIUl lllllll INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS Statement No. M-125 JULY, 1940 SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 132 reports (Form IBS) representing 137 steam railways (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) TOTALS FOR THE UNITED STATES (ALL REGIONS) UNIV. OF FL LIS. DOC NT PT U.S. DEPOTTOAY NET INCOME MILLIONS OF DOLLARS I I I I [I I I I I I I I I I I I I I I I I 20 - -40 ULI L1i1 II1 I L L 1938 1939 1940 For the month of July 1940 $57,104,166 12,960,040 70,064,206 1,735,270 68328,936 11,716,478 38, 92,3o5 119,575 1,958,277 1602,301 17,190,956 5,914,332 4,655,014 2,42,081 1939 $48,996,614 12,001,399 60,998,013 1,901,655 59,096,358 11,679,322 38,557,0o6 132,058 50,3 8,87 8,7127 1 1,961,166 6,766,805 16, 12,736 2,661,534 2,616,241 764,962 I------I1~------ Income Items Net railway operating income ....................... Other income ....................................... Total income ................................. . Miscellaneous deductions from income ................. Income available for fixed charges .............. Fixed charges: 6-01. Rent for leased roads and equipment .......... 6-02. Interest deductions ......................... 6-03. Other deductions ............................. 6-04. Total fixed charges ................... Income after fixed charges .................... Contingent charges ................................. Net income. ...................................... Depreciation (Way and structures and Equipment) ..... Federal income taxes .............................. .. Dividend appropriations: 12-01. On common stock ............................ 12-02. On preferred stock ......................... For the seven months of 1940 $299,536,221 82,422,056 381,958,277 14,746,881 367,211,396 269,19,:267 89a,208 348,9 :,567 186, ,829 13,753,152 4,508,677 119,246,462 27,585,oo7 41,441,244 12,010,903 1939 $214,619,830 78,895,362 293,515,192 13,7 0,596 279,7814,596 78,254,184 270,125,99 3t9,310,616 d 9.5256.020 13,730,869+ d 83.256.889 117,74:,418 12,136,479 37,288,517 10,211,455 Balance at end of July Balance at end of July Selected Asset Items Selected Liability Items 1940 1939 1910 1939 5/ 13. Investments in stocks, bonds, etc., other than those 27. Funded debt maturing within 6 months ]................ $73,659,774 $166,623,678 of affiliated companies (Total, Account 707)....... $595,067,.688 $636,302,963 f a d c s ( A t 75,0,28. Loans and bills payable V/............................ 160,622,073 211,494,453 14. Cash ................................................ 498,377,149 40,08,'460 29. Traffic and oar-service-balances payable ............ 83,729,982 77,864,743 15. Demand loans and deposits ............................ 30,703,583 17,869,0i 30. Audited accounts and wages payable ................... 229,709,352 23,664, 103 16. Time drafts and deposits ............................. 27,020,49 20,991,341 31. Miscellaneous accounts payable ....................... 65,84,227 67,942,423 17. Special deposits ..................................... 112,12,851 58,51,098 32. Interest matured unpaid .............................. 22,047,'632 20,970,92 18. Loans and bills receivable ........................ 2,6,6 1,573,812 33. Dividends matured unpaid ............................. ,41 891,68 19. Traffic and car-service balances receivable .......... 65,59,80 o5,5'w,782 34. Unmatured dividends declared ........................ 772 2,3,8,2 20. Net balance receivable from agents and conductors ... 48,837,606 ,0,99 35. Unmatured interest accrued .......................... 79,7,026 81,588667 21. Miscellaneous accounts receivable .................... 122,960,186 117 9 36. Unmatured rents accrued ............................. 18,826,843 19,545,887 22. Materials and supplies .............................. 347,513,676 312,341,74 37. Other current liabilities ............................ 43,012,360 29,390,861 23. Interest and dividends receivable .................... 17 I,675 13 922 ,. 24. Rents receivable .................................... 5 23 ',1 31, 25. Other current assets ................................. 6,658,332 6,906,29 38. Total current liabilities (items 28 to 38) ...... 714,873,378 749,694,636 26. Total current assets (items 14 to 25) .......... 1,281,738,524 1,095,862,402 39. Tax liability (Account 771): 39-01. U. S. Government taxes ................... 94,347 3 59,016,291 39-02. Other than U. S. Government taxes ........... 150,883,979 157,548,223 ANALYSIS OF NET INCOME E/ Month of July 1940 Month of July 1939 For the seven months of 1940 For the seven months of 1939 Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting Railways reporting a net income a net deficit a net income a net deficit a net income a net deficit a net income a net deficit Number Number Number Number Number Number Number Number of Amount of Amount of Amount of Amount of Amount of Amount of Amount of Amount reports reports reports reports reports reports reports reports 63 $27,716,037 66 $11,673,736 58 $21,679,263 71 $14,912,458 58 (101,691,972 71 (97,183,295 50 (52,989,363 79 $136,246,252 U S. GOVERNMENT PRINTING OFFICE : 1940-0-245440 1 Represents accruals, including the amount in default. GOVERNMENT PRTI OFFICE SFor 99 railways not in receivership or trusteeship the net income or deficit was as follows: July 1940, $23,176,183; July 1939, $17,111,489; 7 months 1940, $73,021,078; 7 months 1939, $1,861,738. / Includes payments of principal of long-term debt (other than long-term debt in default) which will become due within six months after close of month of report. Includes obligations hioh mature not more than 2 years after date of issue. 1939 figures for certain liability items have been revised, for comparative purposes, to conform with changes prescribed in the Uniform Syatem of Accounts by Commission's order of December 6, 1939, effective January 1, 1940. 6 Excludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. SDeficit or other reverse items. I 21 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Net income after depreciation Net income before depreciation Name of railway ae of railway For the seven months of For the seven months of 1940 1939 194o0 1939 I I I55 Alton R. R .................. Atchison, Topeka & Santa Fe Ry. Atlantic Coast Line R. R...... Baltimore & Ohio R. R......... Boston & Maine R. R........... Central of Georgia Ry.**......................... Central R. R. of New Jersey*..................... Chesapeake & Ohio Ry. .... ...................... Chicago & Eastern Illinois................. Chicago & North Western Ry. .................... Chicago, Burlington & Quincy R. R ............... Chicago Great Western R. R.**.............. Chicago, Milwaukee, St. Paul & Pacific R. R.*~.... Chicago, Rock Island & Pacific Ry?*............... Chicago, St. Paul, Minneapolis & Omaha Ry........ Delaware & Hudson R. R. .......................... Delaware, Lackawanna & Western R. R.............. Denver & Rio Grande Western R. R?*................ Elgin, Joliet & Eastern Ry...................... Erie R. R. (including Chicago & Erie R. R.)***... Grand Trunk Western R. R......................... Great Northern Ry. .. ............................. Illinois Central R. R........................... Lehigh Valley R. R............................. Long Island R. R............................... Louisville & Nashville R. R................ Minneapolis, St. Paul & Sault Ste. Marie Ry.... Missouri-Kansas-Texas Lines ..................... Missouri Pacific R. R?*.......................... New York Central R. R. b/ ....................... New York, Chicago & St. Louis R. R. .............. New York, New Haven & Hartford R. R*............ Norfolk & Western Ry ........................... Northern Pacific Ry. ........................... Pennsylvania R. R............................... Pere Marquette Ry.............................. Pittsburgh & Lake Erie R. R ..................... Reading Co ...................................... St. Louis-San Francisco Ry?*...................... St. Louic, San Francisco & Texas Ry.............. St. Louis Southwestern Lines"*..................... Seaboard Air Line Ry ............................ Southern Ry. .. ................................... Southern Pacific Transportation System c/ ....... Texas & Pacific Ry. ............................ Union Pacific R. R. (including leased lines).... Wabash Ry.*......................... Yazoo & Mississippi Valley ................. d 174.60,679 d 242:809 - 1,18, d 1.460699 d 92 , d 5288,54.6 d 1,16.842 a 5soii, d 6,716,-368 4,245973,261 d d 9.07.91 S 71,923.429 752,824 d 61783,8702 22 6 4,771495,212 d 1,719,611 d 329.142 d 2,264.4 8 d s580,:4 d 1,71b,?4 4,273,261 d 3.587.918 d 1,919,904 d 7 .78L54ib 687,863 196,362 2,317.413 2,864,469 d 5,783.846 d 1651 4,771:491 d 2,758.140 d 475:214 d $963,301 1,321,506 159,897 a 6,370,938 d 619.769 d 1.71.86 d 10:06,fe42b 505,841 d 1 241 144 520-882 d 3.194.009 d 1.921.189 d 2989 4896 d 1716047 d 957,511 d 1.135,6 1,991,220 d 2,153,128 d 9,243 129 a- 9.242 92 d 149829 d 5.688.829 5,919,491 d 892.707 -75, d12 1,653,523 d 6.549,640 d 86,761 d 1,555484 d 3.681.316 11 .759f a 28,507 d 3.448,323 d 5bO6,I4, d $1,03,634 9,242,865 1,018,773 3,257,367 965,711 d 963.168 d 1.282.5 d 783,596 d 3,868,915 1,369,233 d 2,74.504 89,6385 406,579 362,535 2,715,393 1,154,272 636,593 d 1.033.677 6,810,495 d 2.873.990 d 1,227.911 d 5,167,824 9,197,35 1,614,140 d 1.798.720 22,115,073 d 787,035 30,429,490 1,524,553 4,596,586 ,642,:476 d 1.9289096 307,254112 904,764 1,155,812 9,213,964 d 1.498.007 d 187,926- d $813.489 8,217,558 1,378,866 d 2,183,706 284,192 d 1.222.084 d 1617.37 13, 800,503 d 829.k64 d 7,16.f,000oo 1,097,236 181,144 d 3.175.876 d 6 d 1,049.957 d 1,241,555 d 840,041 277,3.85 4,518,511 d 3.846.394 d 1,373,47 d 6,700,155 5,276 764,984 d 1.582.Z74 14,357,57 d 3,715,592 21,322,180 487,485 2,063,730 :,448,978 d 4,758.409 a __ 6 275 a 1,19* 869 d 2,425,497 2--,137,550 2,533,973 671,922 8,183,774 d 2.195,874 d 283,141 Report of receiver or receivers. ** Report of trustee or trustees. *.* Under trusteeship, Erie R.R. only. a/ Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. I/ Includes Boston & Albany, lessor to New York Central R.R. / Includes Southern Pacific Company, Texas & New Orleans R.R., and leased lines. The report contains the following information: "Figures reported above for Southern Pacific Transportation System exclude offsetting debits and credits for rent for leased roads and equipment, and bond interest, between companies included therein. Operations for 1940 of separately operated Solely Controlled Affiliated Companies (excluding results for Southern Pacific Rail- road Company of Mexico), not-included in above statement, resulted in a net deficit of $442,216 for the month and $3,192,085 for the period. These results include $213,426 for the month and $1,483,269 for the period, representing interest on bonds of such companies owned by Southern Pacific Company not taken into income by S.P. Co. and, there- fore, not included in the 1940 income results for the System reported above. The combined results for 1940 for Southern Pacific Transportation System and separately operated Solely Controlled Affiliated Companies (excluding S.P.R.R. Co. of Mexico) amounted to a net deficit of $175,638 for the month and $5,431,392 for the period. Figures herein given exclude results of S.P.R.R. Co. of Mexico for the reason that policy was adopted January 1, 1940 of making no further advances to that company, it being required to conduct its operations entirely within its own resources." d Deficit. System a/ ...... ........,+=...o... 8' 1"C !/zte~3klV-9~ UNIVERSITY OF FLORIDA 3 I 1~ I III I I llllI I 3 1262 08851 1547 Statement No. M-125 AUGUST, 1940 UNIV. OF FL LIB. l f Represents acoruals, including the amount in default. 2/ Por all Class I Steam Railways the not income was xe follows: S 1940 1939 Period Increase 3 months ended August 31 44,939,516 $15,741,902 $29,197,614 Months ended August 31 34,566,809 d 4,437.,702 75,oo4,511 12 months ended August 31 196,203,617 d 11,b0,61 207,844,378 3/ For railways in receivership and trusteeship the ratio was as follows: August 1940 .70; August 1939 .42; 8 months 1940 .44; 8 months 1939 .26. '/ 193 figures ror certain liability items nave oeen revised, ior comparative purposes, Uo con- form with changes prescribed in the Uniform System of Accounts by Commission's order of December 6, 1939, effective January 1, 1940. 5/ Includes payments of principal of long-term debt (other than long-term debt in default) which Will become due within six months after close of month of report. 6 Includes obligations which mature not more than 2 years after date of issue. 7/ Excludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. S. GOVE.OMENT PRINTING OFFICE 140-0- 245440 d Deficit or other reverse items. Subject to revision U.S. DEPOSITORY SELECTED INCOME AND BALACE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 132 reports (Form IBS) represenng 137 steam railways (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Class I railways not in All Class I Railways Receivership or Trusteeship Income items For the month of August For the eight months of For the month of August For the eight months to 1940 1939 1940 1939 1940 199 194o 1939 1. Net railway operating income ......................... $66,014,793 $54,567,357 *366,257,821 $269,187,185 $56,142,929 48,825,574 $321,433,713 $215,316,76 2. Other income ........................................ 10,60,607 10,433,058 93,2 ,665 8932 22 9,68 9 969555,49 83,892584 8o,466,037 3. Total income ................................... 76,685,40 65,000,415 459,350,486 358515,607 65,826,493 58,381,023 405,326.297 325,782,805 4. Miscellaneous deductions from income ............... 2,123,706 1,845,513 16,870,588 15,576,107 1,717,212 1,592,07 14,542,705 13,49,707 5 Income available for fixed charges ............. 4,561,694 63,1,902 442,479,898 342,939,500 64,109,281 56,788,944 390,783,592 312,433,098 :6. Fixed charges: 6-01. Rent for leased roads and equipment ......... 12,403,464 12,248,481 91,282,057 90, 52,666 11,332,064 1,o4,156 84,054,69 83,417,944 6-02. Interest deductions / ..................... 38,35,056 38,573,2o 307,553322 08,9,35 24503,172 24,69,50 196,629,4 197,531,56 Other deductions ........................... 11 7 131,970 1,015,181 1,62,409 87,155 8,2 753, 71,2 6-04. Total fixed charges ................... 50,878,493 50,953,691 99,850,560 400,264,10 5,922,391 35,842,O8 281, 45,306 281,740,721 7. Income after fixed charges ..................... 23,683,201 12,201,211 42,629,338 d 17.24.810 28,186,890 20,946,856 109, ,286 30,692,377 8. Contingent charges ................................. 1,95,278 1,961,168 15,711,430 15,692,037 1,195,896 1,198,786 9,612,374 9,592,981 9. Net income / ................................. 21,724,923 10,240,043 26,917,908 d 73.o16.847 26,990,994 19,748.070 99,733,912 21,099,396 10. Depreciation (Way and structures and Equipment) ..... 17,256,061 16,873,945 136,502,522 134,617,363 13,556,290 13,233,897 106,950,943 105,487,497 11. Federal income taxes ................................ 6,903,907 3,399,688 34,488,814 15,536,167 6,85,011 3,382,355 34,270,20b 15,376,301 12. Dividend appropriations: 12-01. On common *tock ............................ 13,162,485 12,4,6785,64,603,729 50,032,195 13,162,485 12,43,678 54,603,729 50,32,195 12-02. On preferred stock ........................ 2,641,4 2,641,302 14,652,370 12,852,758 2,641,466 2,641,302 14,652,370 12,852,758 Ratio of income to fixed charges 3/ (Item 5 6-04) 1.47 1.24 1.11 .86 1.79 1.58 1.39 1.11 All Class I Railways Class I railways not in -Receivership or Trusteeship Selected Asset and Liability Items 4/ Balance at end of August Balance at end of August ANALYSIS OF NET INCOME ALL CLASS I RAILWAYS V/ 1940 1939 194o 1939 13. Investments in stocks, bonds, etc., other than those of affiliated companies (Total, Account 707) ...... $576,922,963 $636,031,526 s515,001,147 $553,948,700 Railways reporting Railways reporting 14. Cash ................................................ 536,636,188 464,097,8 415,042,559 371,361,519 Period Number Number 15 Demand loans and deposits .......................... 35,192,770 19,697,402 30,690,041 16,224,673 of Amount o Amount 16. Time drafts and deposits ............................ 27,531,387 21,410,084 25,063,598 18,992,517 reports reports 17. Special deposits .................................... 90,027,755 60,238,012 71,730,388 46,839,00 4 18. Loans and bills receivable .......................... 2,507,015 1,519,476 2,156,245 1,197,604 August.. 194o 72 $30,934,559 57 99,,0636 19. Traffic and car-service balances receivable ......... 65,917,666 58,298,117 55,316,783 48,520,79 August.. 199 69 24,6,759 1366,716 20. Net balance receivable from agents and conductors ... ,259,104 47,3,013 37,014951 36,346,88 8 months 1940 6 128,606,323 69 101,688,415 21. Miscellaneous accounts receivable ................... 126,031,148 117,747,371 97,862,651 89,914,451 8 months 1939 51 73,087,587 78 146,104,434 22. Materials and supplies .............................. 340,959,508 308,863,105 263,512,790 235,930,75 2. Interest and dividends receivable ................... 17,787,867 16,231,828 15,234,973 13,803,31 Rent receivable .................................... 1,228,138 1,2,606 777,301 737,096- 25. Other current assets ................................ 7,131,934 7,199,558 5,178,728 5,722,236 IONS INCOM ALL CLA55I RAILWAY5 MILLIONS OF DOLLARS 26. Total current assets (items 14 to 25) .......... 1,300,210,480 1,124,019,610 1,019,581,008 885,590,376 27. Funded debt maturing within 6 months 5/ ............. $71,339,395 $168,144,217 43,662,539 $127,103,768 o 28. Loans and bills payable / .......................... 159,895,368 207,476,661 32, 31,912 80,456,801 40 29. Traffic and car-service balances payable ............ 85,189,548 79,043,347 0,621,498 55,750,315 30. Audited accounts and wages payable .................. 239,726,550 230,587,349 184,845,086 17,;274,361 2o A 31. Miscellaneous accounts payable ..................... 59,978,673 60,925,051 48,171,008 4-45,052 32. Interest matured unpaid .......................... 21,883,932 23,743,490 17,101,772 19,463,879 33. Dividends matured unpaid ............................ 1,394,031 1,564 7 1,031,428 1,181,302 0 34. Unmatured dividends declared ...................... 17,983,616 14,506,33 17,98,616 14,306,3 3:. Unmatured Interest accrued .......................... 86,421,330 85,591,822 66,261,134 64,923,46 / / 3. Unmatured rents accrued ............................ 2,190,6 25,2,005 21,106,220 21,30,266 - 37. Other current liabilities ........................... 39,889,749 29,425,186 28,992,031 19,473,358 - 38. Total current liabilities (items 28 to 37) ..... 736,553,793 757,867,491 478,648,705 498,175,133 39. Tax liability (Account 771): MM J J ASOND F MAMJ ASONJ F MAMJ A SON 39-01. U. S. Government taxes .................... 83,480,565 57,63,264 76.000,613 51,152,395 i SONJ A 10ASMA 39-02. Other than U. S. Government taxes ......... 156,673,902 16J,085,269 106,563,840 113,754,0689 O ;673902 ,08:.2~ 1Q,56:gi fr INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Net income after depreciation Net income before depreciation Name of railway For the eight months of For the eight months of 1940 1939 1940 1939 Alton R. R...................................... Atchison, Topeka & Santa Fe Ry. System / ........ Atlantic Coast Line R. R......................... Baltimore & Ohio R. R. .......................... Boston & Maine R. R. ............................ Central of Georgia Ry.**.......................... Central R. R. of New Jersey **................... Chesapeake & Ohio Ry............................ Chicago & Eastern Illinois Ry*t .................. Chicago & North Western RyP*t..................... Chicago, Burlington & Quinoy R. R................ Chicago Great Western R. R**..................... Chicago, Milwaukee, St. Paul & Pacific R. R.**.... Chicago, Rock Island & Pacific Ry............... Chicago, St. Paul, Minneapolis & Omaha Ry........ Delaware & Hudson R. R. ......................... Delaware, Lackawanna & Western RR. ............. Denver & Rio Grande Western R. R.**............... Elgin, Joliet & Eastern Ry. ...................... Erie R. R. (including Chicago & Erie R. R. )F.... Grand Trunk Western R. R......................... Great Northern Ry. .............................. Illinois Central R. R ........................... Lehigh Valley R. R............ ..... ............ Long Island R. R............................... Louisville & Nashville R. R..................... Minneapolis, St. Paul & Sault Ste. Marie Ry..... Missouri-Kansas-Texas Lines ...................... Missouri Pacific R. R.* .......................... New York Central R. R. b/ ..................... New York, Chicago & St. Louis R. R............... New York, New Haven & Hartford R. R.**........... Norfolk & Western Ry. ............................ Northern Pacific Ry. ............................ Pennsylvania R. R .............................. Pere Marquette Ry................................ Pittsburgh & Lake Erie R. R...................... Reading Co. ..................................... St. Louis-San Francisco Ry**...................... St. Louis, San Francisco & Texas Ry ............. St. Louis Southwestern Lines*.................... Seaboard Air Line Ry ............................ Southern Ry. .................................... Southern Pacific Transportation System c/ ........ Texas & Pacific Ry. ........................... Union Pacific R. R. (including leased lines) ..... Wabash Ry* ..................................... Yazoo & Mississippi Valley R. R.................. d $1,429,798 3,457,329 d 687.88 419,900 d 1.702.795, d 2,421,du{ 23,021,429 d 1,195,986 d 6,4b1,872 983,739 d 867.213 3. 5645.885 1,860,541 d 1.417.388 d 450,023 2 08 1,.91,746552 d 2,815.083 sd 678,589 d 97.,639 5,o59,686 d 3.618,38 d 2 I I d 6.805o, 1,007,452 1,102,552 d ,9291,073 21,122,147 d 2,182,821 18,522,152 346,474 2,962,718 3,377,282 d ,.440,576 d 186,925 d 465,001 d 4,110,953 1,514,2P7 d. 2.327.542 510,57 6,591,574 d 3.050.075 d 442, 62 d 1,005,148 2,241,925 d 465.9112 d 44b, 880 d 2.004.162 772,413 d 3.,519,51 S2 d 2,712,9276 d 2,2618 5177,413 a l.,9oool9 d 1.86.173 d 4 ,22 a d 3,519,478 d 2.333.637 d .1 56.400 d 2 064 2 d 1 217,307,870 a 1ll,26 a 1,di67,92t 2,712,276 d 4,80,6293 d 21626-1 d 83,963,646 d 1266947 d 4.222 729 14,681,140 d 5.458.400 d 999.841 1,925,618 d 111,265 d 1.867,923 d 4,518,629 53 542 d 1.243.131 6,134,933 d 3.963,646 d 674:097 d $1.256.361 11, 431,614 4, 9,732, 1,387,875 d1,;34,529 d 1.51 2,443,883 d 1 b610,364 1,693,202 769,214 d 2.816.705 2,552,5b6 1,012,804 398,863 5,437,82o0 51,34,335 710,338 d 166,096 7,958,475 d 2.803.793 d 1.464.470 d 5,812!=8 11,632,397 2,161,40g d 1.780,894 25,275,311 75,756 36,628,584 1,860,731 4,431,811 5,407,803 d 4,410,512 d 186,786 d 40,799 d 2.548.061 3,8667 2,953,768 1,319,528 11,685,786 d 1,609,266 d 109,760 d $833,844 10,121,457 923,620 5+43,3 d 1.46.54 17,782 5 d 937.512 a 6,905,719 2,236,766 d 135.598 d 4,266 d 1,874: 3 1,252',439 d 61. 490 d 3,419.78, 1, 02,160 d 1,069,235 d 1,556.910 1,322j608 2,310,401 199,827 a 3l13,638 5,602,989 d 3.990.081 1,676,21t7 1,031,352 d 1.972.007 18,048,179 d 3,203,146 26,604g,2-34 575,098 2,558,207 4,000,001 d 5.262.864 a 110,t710 d 1.455.642 a 3.082.5 2,-p 5,9:5 3,992,499 815,148 11,063,339 d 2,531,496 a 353,459 *Report of receiver or receivers. ** Report of trustee or trustees. *** Under trusteeship, Erie R. R. only. a Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. / Includes Boston & Albany, lessor to New York Central R.R. D/ Includes Southern Pacific Company, Texas & New Orleans R.R., and leased lines. The report contains the following information: "Figures reported above for Southern Pacific Transportation System exclude offsetting debits and credits for rent for leased roads and equipment, and bond interest, between companies included therein. Opera- tions for 1940 of separately operated Solely Controlled Affiliated Companies (excluding results for Southern Pacific Railroad Company of Mexico), not included in above statement, resulted in a net deficit of $421,327 for the month and $3,613,412 for the period. These results include $213,768 for the month and $1,697,037 for the period, representing interest on bonds of such companies owned by Southern Pacific Company not taken into income by S.P. Cc. and, therefore, not included in the 1940 income results for the System reported above. The combined results for 1940 for Southern Pacific Transportation System and separately operated Solely Controlled Affiliated Companies (excluding S.P.R.R. Co. of Mexico) amounted to a net income of $1,187,675 for the month and a net deficit of $4,243,717 for the period. Figures herein given exclude results of S.P.R.R. Co. of Mexico for the reason that policy was adopted January 1, 1940 of making no further advances to that company, it being required to conduct its operations entirely within its own resources." d Deficit. 1:I A4c, 34: 9fo Subject to region UNIVERSITY OF FLORIDA II 3 II II II l I 1111111 i IIIIIII l 3 1262 08851 1554 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS Statement No. M-25 SEPTEMBER 1940 UNIV. OF FL. LIB. U.S. DEPOolTOMY SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled from 11 reports (Form IBS) representing 136 steam railways (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) All Class I Railways Class I railways not in IncoeIems Receivership or Trusteeship Income Items For the month of September For the nine months of For the month of September For the nine months of 1940 1939 1940 1939 1940 1939 1940 1939 1. Net railway operating income ................... .... $74, 9,23 6,529620 40,433,544 $355,716,06 $606o 72,805,940 $382,976,662 0318,122,708 2. Other income ....................................... 11,33,09 1035,246 104,9,376 100,363,669 10,413,6 10,132,432 94,231,920 90,98,470 3. Total income .................................. 85,5~,243 97,554866 544, 82,920 456,080,475 71274,095 82938,372 76,508,582 408,721,178 4. Miscellaneous deductions from income ............... 1,883,641 1,865,607 7542117521 ,441716 1,626,073 1,62,0,85 16,168 778 14o 69,79 F Incomeavailable for fixed charges ............ 83,64599 95,699,259 526:28,689 438,638,759 69,648,022 81318,287 1460:339:804 393,751,38 charxed gaes: 6-o1. Rent for leased roads and equipment........ 1.,046,485 13,945,54? 104,254,14 O4,44,211 12,063,618 12,705,o42 96,43,968 96,122, 8 6-02. Interest deductions 1/... ................. 3.7 4, 38,398,53 3 ,372,751 347,097,765 23,981,57 2 578 219,45,860 222,16,1 v Othern deductions .. ..............25: 1 187,057 9 6,889,22 7. Total fixed charges ................... 50,49,712 52,475 74 0,0,,4 36,1,i`2,10223,7,16,10#44 39,118,823 Ratio of income tor fixed charges .................... 2 1.6 872 1.17 .97 15,.93 .18 1.45 632 S Contingent charges ................................. 9 7 ,96,167Se r B17 669, 9 T of S er A SIS OF E9 AL C S I 7/3 6 1 9459 193967 1940 19390 13. Investments In stocks, bonds, etc., other than those 9. C et income /... ................................. 56 27 51, 62,297 5,598,577 ,,558,768 a et 19,:3e 427 t 10. Depreciation (Way and structures and Equipment) .... 17 272,940 16,866,171 13775,2463 151,8423534 13e75071 1,218978 u r 120,526014 118,706,475 11. TFederafl anome taxes ............................ 8,610,853 2,396,223 43126,857 19,932, 2908, 9625 3 ,591 2,96,021 19,725,892 12. Dividend approprlatione: 12-01. On common stock ....................... 9.1,66789 1,246 6271,3185 48, 1 1, 777,26 6,271,318 51, , 12-02. On preferred stock ....................... ... 275,0 5, 325 1727,271 451 ,9,411 1667p0 54,3'25 14,727,271 13,r7,0p83 Ratio of income to fixed charges 3r (Item 5 6- 4). 1.64 1.82 1.17 .97 1.93 2.18 1.5 1.23 All Class I Railways Class I railways not in 2eosivership or Trusteeship Selected Asset and Liability Items Balane at end of September Balane at end of Septmber AALYSIS OF NET INCOME ALL CLASS I RAILWAY S 1940 1939 1940 1939 13. Investments in stocks, bonds, etc., other than those 5 8 97 of affilid ated companies (Total, Account 707)....... 588,705,937 $631,338,121 f508,890,18255 59,281,9423 Railways reporting Railways reporting 14. Cash .....ad bill payabl.......................... 56,76,790 20,44,63 a t Income a Net Deficit 3. Aianted loans and depoits ........................ 23, 144 21,9 870 42 3172,8705 18,64 673Period ber 31. ellaneoufts and deposits .......................... 69 25 6729 50122,12,9775 527 20, o ount of Amount 17. Special deposits ................................. .99,488,657 6, 3964 897 773, 8 4115 871 o29 ount o AmountT 33. Dividends matured unpaid ........................... 13 0 67 10 927 702 271 1 06 0 31. Loans and bills receivable ......................... 2,558,230 1,784,23 L 9 1 6,16 1,9,1109 reo _ 19. Traffic and car-service balances receivable ....... 67,504,940 62,48,859 6,84 0 September 140 81 6,1 47 5,501,203 20. Net balance receivable from agents and conductors 57,978,917 56,26,95 3,2 925 2,992,357 September 1939 88,5 82 1 40 5,282,285 21. Miscellaneous accounts receivable ................. 132,819,769 120,126,90 10'7 082 915152 9 moths 19 62 15 6,6 66 999 76 22. Materials and supplies ............................ 336,063,039 305,6595367 26,79 4 2 3,58 3 32:06 Rn rcvb.8, 035 61, 884 2:89,908 9 months 1939 72 105,409,06 56 137, 617 S Interest and dividends receivable .................. 206 19,4 0,35 17,5,61 15 0 2 9 61 .Rents receivable .................................. 1,4 0150, 945,7 ,0 25. Other current assets................................ 7,610,252 8, 129,621 5,562,519 ,59,893 N-ET INCOME-ALL CLA55I RAILWAYS 26. Total current assets (ites 14 to 25) to ) .... 1,357,937,359 1,192,959,558 4,405,714,6 950,133,957 MILLIONS OF DOLLARS 27. Funded debt maturing within 6 months 5/ ............ $ ,812,797 *169,444,482 *-.50,250,255 *129,576,199 GO 28. Loans and bills payable ..................... 156,676,790 3,869,263 336,052 76,9,9 40 29. Traffic and ar-servioe alanes payable ........... 85,880,124 83,28 4,0 60,332,280 58,691, 03 30. Audited accounts and wages payable ................ 228,099,1 28,870,49 172,487,56 1 ,093,796 31. Miscellaneous accounts payable ...................... 69,3 ,125 67,329,098 5,11,775 53,557,227 eOA 32. Interest matured unpaid ............................ 40,74,360 86 36,115,500 35 6,629 3:. Dividends matured unpaid ........................... 13,069,197 10,982,927 12,72,271 0,6,030 01 V1l 3- Unmatured dividends declared ....................... 2, 85 1,338,920 2,46,85 1,338,920 3: Unmaturedinterest aoorued ...... ..................... 80,5608 80,153,588 57,59,20 85,0216 SUnmtured rents accrued ............. ............. 6 25 2419,200 19, 767 l0r ,585 - 37. Other current abilities ............................ o,40 10: 26 a2Z 38. Total current liabilities (Items 28 to 37) .... 739,768,025 7614,323,300 1 475,371,603 500,630,314 -40 V 39. Tax liability (Aooount 771): -GO 39-01. U.S. Government taxes ............ ... 96,462,866 ,196,77 85,91i,o41 61,271,575 JMAMJJASONOJF AMJJASONDJFMAMJJASON 39-02. ,Other than U. S. Government taxes ........ 159,022;171 168,501,385 109,726,541 118,774,812 938 199 19O ~/ Reresets acruas, i5ludng1te8amunt3n9deaul0 Represents aooruals, including the amount In default. For all Class I Steam Railways the net income was as follows: Period 1940 1939 Inorea 3 months ended September 30 $70,631,686 $58,269,145 $12,362, months ended September 30 71,201,666 11,065,347 60,136,: 12 months ended September 30 184,991,560 22,466,937 162,524,i 3/ For railways in receivership and trusteeship the ratio was as follows: September 1940 .94; September 1939 .95; 9 months 1940 .49; 9 months 1939 .34. / 1939 figures for certain liability items have been revised, for comparative purposes, to con- form with changes prescribed in the Uniform System of Accounts by Commission's order of December 6, 1939, effective January 1, 1940. 5/ Includes payments of principal of long-term debt (other than long-term debt in default) which will become due within six months after close of month of report. 6 Includes obligations which mature not more than 2 years after date of issue. Excludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. d Deficit or other reverse items. U.s..OV.,..NT ,I.TI,.OFFI..4--O24. INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS WITH ANNUAL OPERATING REVENUES ABOVE $25,000,000 (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Net income after depreciation Net income before depreciation Name of railway For the nine months of For the nine months of 1940 1939 1940 1939 Alton R.R........................................ $1.625.517 d $970.306 d $1.430.296 d $777.523 Atchison, Topeka & Santa Fe Ry. System a/ ........ 4,913,13 3,251,199 21 Atlantic Coast Line R. R. ........................d 701509 221 35,906 733,693 Baltimore & Ohio R. R. ........................... 1, 10,380 6,53,609 1,019,105 Boston & Maine R. R. ..........................7 786,863 d 941,g7,5 1,059,840 Central of Georgia Ry** ........................... 1 356 d 2.111,712 .47,45 d1 3222 Central R. R. of New Jersey*. ..................... d 26136301 d 1 24 Chesapeake & Ohio Ry............................. 25,3 7029 16 ,44 51 3 66549 9 Chicago & Eastern Illinois Ry* ................... d 1.215,818 d 105610 d 761667 d 52599 Chicago & North Western Ry*. ..................... d 5.952.693 d 9.50670 d 2,241,291 Chicago, Burlington & Quinc R. R. ............... 266,84 d 123114,23,53 378 Chicago Great Western R. R. ...................... d 585.,84 350d 16:1 5,612 Chicago, Milwaukee, St. Paul & Pacific R. R.**..... d 9.386.606 d 14. 68 d 4.915..64 9835791 Chicago, Rock Island & Pacific Ry**............... d 5,833,064 d 38412366 4 Chicago, St. Paul, Minneapolis & Omaha Ry. ....... d 1,853.315 d 2168,335 d 1.428365 d 1,733,722 Delaware & Hudson R. R. .......................... 1,261,872 909,979 2,068,039 1,668340 Delaware, Lackawanna & Western R. R. ............. d 837181 d 1.291.534 1,006,63 535, 18 Denver & Rio Grande Western R. R!*................ d 3.570 4d 4,206 04 d 2,638,60 d 3.300,664 Elgin, Joliet & Eastern Ry. ....................... 219808 917,42 2,964810 1,631,470 Erie R. R. (including Chicago & Erie R. R.)*tt..... d 1.ll767 3.037.049 1,620,556 d 280,819 Grand Trunk Western R. R. ....................... d 495 2 391194 d 1657967 Great Northern Ry. ............................... 6,9451,124 -,64 0 9,233,212 4,529,296 Illinois Central R. R. ........................... d 2 088 220 d 95772 2,692,261 3,951971 Lehigh-Valley R. R ..............................4 882 634 1,079,642 703,176 Long Island R. R. ................................ 1.103.664 d 7,961 d 220,873 Louisville & Nashville R. R. ..................... 5,966,942 3,849,229 9,230,419 7,101,026 Minneapolis, St. Paul & Sault Ste. Marie Ry.l..... d 3.170.226 93662 d 2,;,541 d 3.579260 Missouri-Kansas-Texas Lines ...................... d 2 488 822 d 2731. d 1 603 675 d 1 742 537 Missouri Pacific R. R.**.............. ............ d 11 New York Central R. R. b/ ........................ 2 New York, Chicago & St. Louis R. R. ............... 1,460000 588, 09 2,61,8 1,761583 New York, New Haven & Hartford R. R............ d 188 d 12 d 151 Norfolk & Western Ry. ............................. 244I 18 29 Northern Pacific Ry. .............................. d 12924 452728 1,248,797 d 1.992 58Z Pennsylvania R. R. ................................ 22,:18,391 1740,7'54 43,160,271 34,709,973 Pere Marquette Ry. ...............................530,255 69665 2,230,579 1,071 136 Pittsburgh & Lake Erie R. R. ...................... 3,51857 -1,46 4 5 14 581 314568 Reading Co. ...................................... 4,061 262 2:57 494 44,912 4 91 9 5 St. Louis-San Francisco Ry.*..................... 6,900186 d 76596 d41623535096 St. Louis, San Francisco & Texas Ry ............. d 212,30 d 150.670 d 212,251 d 150,046 St. Louis Southwestern Lines* .................... d 571.174 d 1.979.814 d 93.512 d 1.515.611 Seaboard Air Line Ry.* ............................ d 483355 d 5.177.24 d884 Southern Ry ............................ ........... 119 5 121026 Southern Pacific Transportation System c/ ........ 58,95 1,724,389 6,001,422 7,608,78 Texas & Pacific Ry......................... ....... 6,234 219,593 1,610,390 1,121,354 Union Pacific R. R. (including leased lines) ..... 8,43,989 9,487,884 14,200,988 15,037,171 Wabash Ry.*................................. ... d 3.136,821 d 4.108,451 d 1.515,212 d 2.496.35 Yazoo & Mississippi Valley R. R. ................. d 2.16 d 36100 d 53.797 6,295 *4 I>sl0o * Report of receiver or receivers. ** Report of trustee or trustees. ** Under trusteeship, Erie R.R. only. a Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. / Includes Boston & Albany, lessor to New York Central R.R. f Includes Southern Pacific Company, Texas & New Orleans R.R., and leased lines. The report contains the following information: "Figures reported above for Southern Pacific Transportation System exclude offsetting debits and credits for rent for leased roads and equipment, and bond interest, between companies included therein. Opera- tions for 1940 of separately operated Solely Controlled Affiliated Companies (excluding results for Southern Pacific Railroad Company of Mexico), not included in above statement, resulted in a net deficit of $204,519 for the month and $3,817,931 for the period. These results include $213,760 for the month and $1,910,797 for the period representing interest on bonds of such companies owned by Southern Pacific Company not taken into income by S. P. Co. and, therefore, not included in the 1940 income results for the System reported above. The combined results for 1940 for Southern Pacific Transportation System and separately operated Solely Controlled Affiliated Companies excludingg S.P.R.R. Co. of Mexico) amounted to a net income of $2,395,538 for the month and a net deficit of $1,848,179 for the period. Figures herein given exclude results of S.P.R.R. Co. of Mexico for the reason that policy was adopted January 1, 1940 of making no further advances to that company, it being required to conduct its operations entirely within its own resources." d Deficit. 0. g. SevuW urgTIES ema J7 C 3f 9 4 0 i it;- 1 UNIVERSITY OF FLORIDA lll 11111 81 11 I I I Il I II Il II l 3 1262 08851 1562 INTERSTATE COMMERCE" COMMISSION S U OF STATISTICS SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Compiled Irom 131 (rcrts (Form lBS) repr-ntimg 136 steam railways (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) All Class I Railways Class I railways not In All s Railways Receivership or Trusteeship Income Items For the month of Ootober For the ten months of For the month of October For the ten months of 1940 1939 1940 1939 1940 1939 1940 1939 1. tet railway operating Income ....................... t86.9884. $101,7 ,354 527,102 4 457,3159 67,809,644 82,625,19 449, 766,460 400,747,867 their inome ........................................ 11 7539 11,7877 116,102 476 111 8 0 681,709 9,952 82 14 913 63o 100,551331 3. Total income .................................. 98,7415 112,76231 643, 568 7 78,91353 92,578,021 554,68 090 501,29998 4. Miscellaneous deduotlons from income ............. 1,997,620 101,662 20,751,852 19,342,972 1,636,335 1,635,764 17,805,114 16,605,557 Fixednom available for fixed charges ............ 96,7 ,924 110,862,569 622,52 8 5 ,325 76855 8 9092,257 536,87976 44,693,6 a coharges: 6-01. Rent for leased roads and equipment ....... 14,14741 13,5,921 118,88886 17 12 1 116 12 ,7108 10 O8 10 4t 6-02. Interest deductions 3.................... 37, 18 5 382, 4269 39 2 66324 5 243,712,5 246,7 ............... 37,3,509,2J,5 3 266,9;9 9 Io 66,2 3-1 6 Other dedution ...................118133,10 1,252,10 327,298 8700 927 989,108 6- Total fixed charges ........ .......... 0 5 ,3 501,89,965 54,928,37, ,780 7, ,78256,22269 7. Income after fixed charges ..................... ,61 8 5 120,854 96 38 5 382109 2222, 869 8. Contingent charges ................................. 1,o980 1 868 19630 19 072 1 8 01 6 2006 869 99,252 9. Net income 2/ ................................. 42,53,00 56 71,375 00932 95824 3840 4 52:636724 171085,193 116, 7 ,520 10. Depreciation (Way and structures and Equipment) .... 17,36,67 16,949,021 171,172,140 168,432.551 163,64,48 13290,655 134,219,662 131 997,130 11. Federal income taxes ................................. 850,069 5,88so,06 52,057,768 25,812,353 8,3,10o 5,830,530 1,609,971 25,556,422 12. Dividend appropriations 12-01. On common stock ........................56,656 1,496,62 456,39,97 3 9 ,96,656,9,97 12-02. On preferred stock ....................... 764,781 1,009,781 15,492 51 6 1,9:, 5786 8 15,;,151 :: Ratio of income to fixed charges / (Item 5 + 6-04). 1.86 2.12 1.24 1.09 2.06 2.45 1.52 1.36 Selected Asset and Liability Items / 13, Investments in stocks, bonds, etc. other than those of affiliated companies (Total, Aoount 707) ..... 14. dash ...........................m.............. .... 15. Demand loans and deposits ......................... Time drafts and deposits .......................... 17. Special deposits ................................... 18. Loans and bills receivable ......................... 119. Traffic and oar-service balances receivable ........ 20. Net balance receivable from agents and conductors .. 21. Miscellaneous accounts receivable .................. 22. Materials and supplies............................. 23 Interest and dividends receivable ................ 24. Bents receivable.................................... 25.; Other current assets.............................. 26. Total current assets (items 14 to 25) ......... All Class I Railways Balance at end of October 1 4 1939 Class I railways not In Receivership or Trusteeship Balance at end of October 1940 t I _ - -580,714,789 $6.6253.39 625,989,262 41,492,770 27,399,931 119,095,213 2,820,206 71.326 61 56,187,754 135:,603676 8 279,825 $500.961. 33 S 546.616.~12 I C ~ I - 24,952,796 75,38,70 5.7,l66,442 2 8 4 73 9o4,52 12,60 75 303,:7e,322 19,499,236 1, 28,616 8 ,564,237 1,303,821,605 27. Funded debt maturing within 6 months 5/ ............ 65,756,766 161,065,189 28. Loans and bills payable 6 ........................ 159,324,942 20343#,127 29. Trafflo and oar-service balances payable .......... 90,962,588 93, 810 30. Audited accounts and wages payable ................. 238,89,04 24, 38 31. Miscellaneous accounts payable ...................... 556 5 64665 32. Interest matured unpaid ............................ 27 ,285 27 892,097 33. Dividends matured unpaid ........................... 1 ,69 188928 34. Unmatured dividends declared ...................... 2,3 60 1 ,4590 5. Unmatured interest accrued......................... 83,2 411 82 64 6. Unmatured rents accrued ............................ 2 916 28 579 37. Other current liabilities .......................... 6B6742,016 33:009,379 38. Total current liabilities (items 28 to 37) .... 763,237,577 781,336,870 39. Tax liability (Account 771): 39-01. U. S. government taxes ................. 114,179,156 83,3 394 39-02. Other than U. S. Government taxes ........ 154,573,138 59647,4 / Represents accruals, including the amount in default. 2y For all Class I Steam Railways the net income was as follows: Period 1940 1939 Increase Months ended October 31 $96,423,437 $108,212,713 d 117892 months ended October 1 12279692 9539,97 976 12 months ended October 31 100,615 5505,939 45609,02 481,468 02 99,661,725 2,427,307 889,'3 60,7,390 18, 60,o0o 1,136,493,964 468,405,406 20,90o: 27, 9 2,364,076 62,071,150 46,009,502 95, 231,221 232,099,081 16 8 7,014,581 1,036,849,o41 ANALYSIS OF MET INOOME ALL CLASS I RAILWAYS y Period Railways reporting a Net Income Number of Amount reports Railways reporting a Net Deficit Number of reports October 1940 98 45 ,50 30 *2,5763 October 1,939 7 59 6679. 2 688 to10 months 1940 6 931 639 10 months 1939 6 l83030 64 123,348,481 NET INCOME-ALL CLAS5I RAILWAYS MILLIONS OF DOLLARS Amount Pei 102,823477 7,1 22 JPMAMJJASONDJFMAMJJASONDJFMAMJJASONO 104:,82,564 11,13,112 1938 1939 1940 For railways in recoivership.*knd trusteeship the ratio was as follows: October 1940 1.34;. October 1939 1.32; 10 months 1940 .58; 10 months 1939 .44. 1939 figures for certain liability items have been revised, for comparative purposes, to con- orm with changes prescribed in the Uniform System of Accounts by Commission's order of ecemsber 6, 1939, effective Januaiy 1 1940. Included payments of principal of long-term debt (other than long-term debt in default) which will become due within six months after lose of month of report. Includes obligations which mature not more than 2 years after date of issue. K~cludes reports of 3 roads whose net income (or deficit) was absorbed by the controlling company. Deficit or other reverse items. us OVEi..'NT RI|.T. orICc r40o-.-24s540 Statement No. M-1 OCTOBER. 1940 Subject to revision ?I -r I E I . .-I--- i -.I--,-,. i $546.616.12I INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Net income after depreciation Net income before depreciation Name of railway For the tea months of For the ten months of 1940 1939 1940 1939 Alton R. R. .. .................................. Atchison, Topeka & Santa Fe Ry. System A/ ........ Atlantic Coast Line R. R. ..................... Baltimore & Ohio R. R ........................... Boston & Maine R. R............... ............. Central of Georgia Ry......................... Central R. R. of New Jersey*.................... Chesapeake & Ohio R ..................... .... Chicago & Eastern Illinois **.................. Chicago & North Western Ry. ..................... Chicago, Burlington & QuincyR. R. ............. Chicago Great Western R. R................... Chicago, Milwaukee, St. Paul,& Pacific R. R..... Chicago, Rock Island & Pacific Ry............ Chicago, St. Paul, Minneapolis & Omaha Ry. ....... Delaware & Hudson R. R ....................... Delaware, Lackawanna & Western R. R........... Denver & Rio Grande Western R. R.**............... Elgin, Joliet & Eastern Ry ...................... Erie R. R. (including Chicago & Erie R. R.)* .... Grand Trunk Western R. R...................... Great Northern Ry................................ Illinois Central R. R....................... Lehigh Valley R. R. .......................... Long Island R. R............................. Louisville & Nashville R. R...................... Minneapolis, St. Paul & Sault Ste. Marie Ry. ?..... Missouri-Kansas-Texas Lines ...................... Missouri Pacific R. R.**........................ New York Central R. R. b/ ................. ...... New York, Chicago & St. Louis R. R............. New York, New Haven & Hartford R. R............ Norfolk & Western Ry. ......................... Northern Pacific Ry ............................ Pennsylvania R. R. ........................... Pere Marquette Ry............................ Pittsburgh & Lake Erie R. R ................... Reading Co. ...................... ............. St. Louis-San Francisco Ry.*.................... St. Louis, San Francisco & Texas y. ............. St. Louis Southwestern Lines !?................... Seaboard Air Line Ry.*......................... Southern Ry ............................. ....... Southern Pacific Transportation System g/ ........ Texas & Pacific Ry...... Union Pacific R. R. (including leased lines) ..... Wabash Ry.*........ ......... Yazoo & Mississippi Valley R. R. ................. 1,233,692 1,7 1,955 2,13,955 d 465.901 DAD_ d TWfr?? d-l71alOl 2,116, 429 d 3128.814 2b,849,6b6 d 61-.:47 26,550,797 $10,880 973,005 S71'2,9 95 d 6528.495 d 241, 590 3 0: 1 539 #6 11,367239 11,379,239 8d '75 b4 d 904.,683 5,745,789 31,3390 2,206,905 A 429'714 Hv w 3 d 2.628.517 974,100 5,432,797 d 4,666.981 1,608,371 d 3. 671 21,284,550 d 9.464.260 423, 438 550,120 11,954,620 d 3.61. 086 -d ab3 Irg d 61.402.449 17, 646,899 1,150,407 8,320,9009 6,547,689 88;565 2, 96,376 1,652, 73 d 22 4 518,000 11,571,536 1q836.529 107, 26b 10,54,64049 3, 39, 73 2,196, 95 49,159,126 d 163b5l, 2, 697,35 7,251, y0 d 4,290,15 I42,187 a 3a122 2,050,0o6 17,787,155 e107*2 d 690o.423 15,602,o44 3,77,964 1,58,542 6,085,859 263,481 2,3223 21 2 1,257,132 6 1.656.168 :418,000 9,045,846 2,911,6 d 660^.04 Z7,9672,,893 d 85i.42 6 1,818,939 3,977,379 6,178, o39 d leg, d 1,352,52g d 3,66 1,552,547 18,145,405 Report of receiver or receivers. ** Report of trustee or trustees. *** Under trusteeship, Erie R.R. only. Includes Atchison, Topeka & Santa Fe Ry., Gulf, Colorado & Santa Fe Ry., and Panhandle & Santa Fe Ry. Includes Boston & Albany, lessor to New York Central R.R. Includes Southern Pacific Company, Tdakt & New Orleans R.R. and leased lines. The report contains the following information: "Figures reported above for Southern Pacific Transportation System exclude offsetting debits and credits for rent for leased roads and equipment, and bond interest, between companies included therein. Opera- tions for 1940 of separately operated Solely Controlled Affiliated Companies (excluding results for Southern Pacific Railroad Company of Mexico), not included in above statement, resulted in a net deficit of $333,778 for the month and $4,151,709 for the period. These results include $213,983 for the month and $2,124,780 for the period, representing interest on bonds of such companies owned by Southern Pacific Company not taken into income by S.P.Co. and, therefore, not included in the 1940 income results for the System reported above. The combined results for 1940 for Southern Pacific Transportation System and separately operated Solely Controlled Affiliated Companies (excluding S. P. R. R. Co. of Mexico) amounted to a net income of $3,467,929 for the month and $1,619,750 for the period. Figures herein given exclude results of S. P. R. R. Co. of Mexico for the reason that policy was adopted January 1, 1940 of making no further advances to that company, it being required to con- duct its operations entirely within its own resources., d Deficit. I t III Subject to rridson UNIVERSITY OF FLORIDA 3 1 0 1 5 INTERSTATE COMMERCE COMMISSION 3 1262 08851 1570 BUREAU OF STATISTICS Statement No. M-12 NOVEMBER, 1940 UNIV. OF FL LIB. U.S. DEPOslTORY SELECTED COME AND BALANCE-SHEET ITEMS OF CLASS I STEAM RAILWAYS IN THE UNITED STATES Complied from 131 reports (Form IBS) reprsenting 136 steam railways (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Class I railways not in All Class I Railways Receivership or Trusteeship Income items For the month of November For the eleven months of For the month of November For the eleven months of 19440 199 1940 1939 1940193 1940 1939 1. set railway operating income ....................... $71,327,820 $70,414,612 $601,39,365 $527,847,772 $59,426,554 *5,956,828 $511,802,414 $460,704,696 2. Other income ...................................... 15,006907 17,078;555 135,276,47 28,89,693 14,133,307 1,069,324 123.213,603 116,620655 3. Total income .................................. 8S334,727 87,493,167 73,315,412 656,337,465 73,559,861 76,026,152 635,016,017 577,325,351 4. Miscellaneous deductions from income ................ 2,046,345 2,037,883 22,798,197 21,380,854 1,735,293 1,771,291 19,540,407 18,376,48 5. Income available for fixed charges............ 84,288,382 85,5,284 713,517,215 634956,611 71,82,568, 74,25;861 615,75,610 558,948,503 6. Fixed charges: 6-01. Rent for leased roads and equipment ....... 13,329,501 11,319,210 131,718,386 129,13,341 12,487,81 11,145,786 121,630,464 119,640,681 6-02. Interest deductions / ................... 38,073282 38,982,367 420,321,553 424,589 368 24,188,673 25,036,282 267,901,197 271,775,149 6-03. Other dedutions .............................. 124,421 131,664 1,377,231 1,8,61 88,4 98,245 1,015,797 1,087,352 6-. Total fixed charges.................. 51,527204 50,433,21 53,417,170 555,3,670 36,76,54 36,2 3 39,57,392 7. Income after fixed charges .................... 32,761,178 35 022,043 160,oo,o45 79,594,41 35,o60,24 37,974,548 224,928,152 166,44,321 8. Contingent charges ................................ 1,951,841 1,961,169 21,582,530 21,578,241 1,189 9 1,198,87 13,196,328 13,192,039 9. Net income ............................. 30,809,337 33,060,87 1 8,517,515 58,016,700 33,870,565 6,775,761 211,731,824 153,253,282 10. Depreciation (Way and structures and equipment) .... 17,147,636 16,728,761 188,319,776 185,161,317 13,443,504 13,077,473 147,663,166 145,074,604 11. Federal income taxes .................... ........... 5,433,797 4,297,926 54,888,956 30,110,279 5,307,536 4,28,393 54,314,897 29,804,815 12. Dividend appropriations: 12-01. On oommon took .......................... 28,829,255 34,378,258 96,642,358 87,684,161 28,829,255 34,378,258 96,642,358 87,684,161 12-02. On preferred stook ...................... 6,909,890 4,097,839 22,102,041 18,511,703 6,909,890 4,097,839 22,402,41 18,514,703 Ratio of income to fixed charges j/ (item 5 + 6-04). 1.64 1.69 i 1.29 1.14 1.95 2.05 1.58 1.42 Class I railways not in All Class I Railways Receivership or Trusteeship Selected asset and liability items 4/ Balanoe at end of November Balance at end of November ANALYSIS OF NET INCOME ALL CLASS I RAILWAYS Z/ 1940 1939 194d0 1939 13. Investments in stocks, bonds, etc., other than those of affiliated companies (Total, account 707) ..... $570,388,166 $625,554,518 1490,614,403 $543,542,275 Railways reporting Railways reporting 14. ash ............................. ............ 677,214,482 602,439,561 525,16,731 489,713,603 a net Income a net deficit 15. Demand loan and deposits .......................... 43,907,270 27,957,796 39,40,41 23,905,067 Period Number Number 16. Time draft and deposits ........................... 27,300,887 29,875,826 2,889,348 27,358,259 of Amont of Amount 17. Special deposits ................................... 94,171,009 77,575,197 74,802,921 62,779,648 reportsreports 18. Loans and bills receivable ......................... 3,422,256 2873,016 2,891,211 2,553,460 6 262 19. Traffic and oar-service balances receivable ........ 67,559,29 68819,939 57,007,811 56.925,506 November 1940 85 37,072,229 3 6 20. Net balance receivable from agents and conductors .. 53,050,459 54004,103 39,903,731 42,132800 November 199 79 39,7,20 656 21. Miscellaneous aooounts receivable ................. 135,207,530 125,591,211 10,676,033 95,650,155 11 months 19 1 2,28 ,7 5 96,76 22. Materials and supplies ............................. 329,708,802 310,732,250 255,917,938 238,10,685 11 month 1939 8 1,293, 5999 23. Interest and dividends receivable .................. 30,109,72 28,811,933 27,173,618 25,994,972 24.Rents receivable .................................. 11,47,158 1,035,374 919,408 25. Other current assets ............................... 8,493,513 8,354,839 6,17,265 6,993,081 NET INCOME-ALL CLA5SI RAILWAYS 26. Total current assets (items 14 to 25) ......... 1,471,655,107 1,338,509,829 1,159,429,022 1,073,029,644 MILLIONS OF DOLLARS 27. Funded debt maturing within 6 months 5/ ............ 93,052,305 188,194.390 65,864,499 139,147,518- -GO- 28. Loans and bills payable ......................... 151,610,202 199,928,755 24,288,188 2,921,549 40 - 29. Traffic and ar-servioe balances payable ........... 87,155,037 88,068,881 62,524,910 63,544,03 / 30. Audited aooounts and wages payable .................. 259,71,0 1 259,76,621 202,294,383 201, 5,94 31. Miscellaneous accounts payable ..................... 6 2,6 61,591,37 50,012,873 48,900,968- - 32. Interest matured unpaid ............................ 26,803,928 23,354,692 22,364,662 19,191,140 33. Dividends matured unpaid ........................... 1,6,47 1,522,027 1,139,132 1,13,.143 - 34. Unmatured dividends declared ....................... 44,989,618 49,1,229 44,989,618 49,15,229 7 ^ 32. Unmatured interest aoorued ......................... 92,9,983 94,92,396 67 8895 68,734 / Unatured rents accrued ............................ 31,05,3 31,353,323 27,17,757 27,65:,225 2 -- 37. Other current liabilities ......................... 39,40,6 31,293,32 28,438,982 21,484,242 ------40 ---- ------------ -------------- 38. total current liabilities (items 28 to 37) .... 797,169,737 840,938,625 531,129,400 574,709,228 39. Tax liability (account 771): - 3 9-01 U.8.Ul overnmenttaxes .................... 5,768766 71698,618 87,794,772 64,780,955 M M3A ON MAMJJASONDJFMAMJ JASOND 39-02. Other than U. S. Government taxes ....... 1,588,144 1 6,381,289 93,087, 8 99,837,861938 1939 d Defioit or other reverse items. / Represents aooruals, including the amount in default. SFor all Class I steam railways the net income was as follows: Period 1940 1939 Inorease 3 months ended November 30 *111,599,607 131,033,547 14 months ended November 30 15,539,123 146,775, 49 1 9d#~0 1 12 months ended November 30 175,139,766 80,511,810 94,627,-56 3/ For railways in receivership and trusteeship the ratio was as follows: November 1940 .84; November 1939 .79; 11 onths 1940 .60; 11 months 1939 .47. _/ 1939 figures for certain liability items have been revised, for comparative purposes, to con- form with changes prescribed in the Unifobr System of Accounts by Commission's order of December 6, 1939, effective January 1, 1940. 5/ Includes payments of principal of long-term debt (other than long-term debt in default) which will become due within six months after close of month of report. 6/ Includes obligations which mature not more than 2 years after date of issue. Excludes reports of 3,.roads for the month of November 1940 and 1939 and 4 roads for the eleven months ended with November 1940 and 1939 whose net income (or deficit) was absorbed by the controlling company. U.S.GVERNMENT PRINTING OFFICEII6--0-24440 INTERSTATE COMMERCE COMMISSION BUREAU OF STATISTICS NET INCOME OF LARGE STEAM RAILWAYS (SWITCHING AND TERMINAL COMPANIES NOT INCLUDED) Net income after depreciation Net income before depreciation Name of railway For the eleven months of For the eleven months of 1940 1939 1940 1939 Alton R. R. ...................................... d .1 76g 39.4 6 .497 O 70.688 Atchison, Topeka & Santa Fe Ry. System a/ ........ 9 080,53445 2 Atlantic Coast Line R. R. ........................ 7792 276 4 2,98 Baltimore & Ohio R. R. ........................... 4 5,00d 1. .273 11;493 5,220129 Boston & Maine R. R. ........................... 1,61,973 389,906 3,009,979 1,788,577 Central of Georgia Ry.* ........................... 195716 d 2.448.405 1.176.79 1.668.462 Central R. R. of New Jersey* ...................... d d 2 0 213 1 828o 1.128. 00 Chesapeake & Ohio Ry. ............................ 3 32 6 Chicago & Eastern Illinois Ry. .................. d d0 57878 Chicago & North Western Ry........................ 55 4.03 Chicago, Burlington & Quincy R. R. ............... 3,15,30 2,607,924 8,012,464 7,381,202 Chicago Great Western R. R. ..................... d 1 582. 336,35 09216 Chicago, Milwaukee, St. Paul & Pacific R. R.* ..... 95.8.792.97 Chicago, Rock Island & Pacific Ry.*............... 2 Chicago, St. Paul, Minneapolis & Omaha Ry. ....... 2 78 ' Delaware & Hudson R. R. ......................... 1,587,505 1,691,961 2,586,1 2,616,817 Delaware, Lackawanna & Western R. R. .............. 2.555124 2,041, 6 1,669,999 Denver & Rio Grande Western R. R.* ................ 1992 7 2900. Elgin, Joliet & Eastern Ry. ....................... 3,03051 3, 519 2,928,291 Erie R. R. (including Chicago & Erie R. R.)...... 112771 d 1,071867 358,119 2,280,231 Grand Trunk Western R. R. ........................ 33324 2 4 748,410 d 1.438.489 Great Northern Ry. ............................... 8., 775 5b731 12,088,305 9,013892 Illinois Central R. R. ........................... d 3 8 1566814 5,333,012 7, 35,694 Lehigh Valley R. R. ............................... .d 285560 1, 886 1,652,519 Long Island R. R. ............................... 1 19,778 d 2288 Louisville & Nashville R. R. ..................... 7,823,582 6,430,764 ,1,94 10,405,141 Minneapolis, St. Paul & Sault Ste. Marie Ry.*..... 0695 d 2.78.796 .883989 Missouri-Kansas-Texas Lines .....................I A 2.76i.I d a 2235 1 6 d 2 94 Missouri Pacific R. R.*.......................... New York Central R. R. b/ ........................ 2908o3 New York, Chicago & St. Louis R. R. ............. 2,598,841 2,115,926 #,059,950 3,550,456 New York, New Haven & Hartford R. R.* .............. 286 224 426 35 98 13570 Norfolk & Western Ry. ............................ 235, 28624 32,554,839 Northern Pacific Ry. ............................. 9.650 d .28.720 2,665 252 d 333.242 Pennsylvania R. R. ................................ 3983,305 26,901,098 64,085,559 51,349,732 Pere Marquette Ry. ............................... 1 012,040 176,7 38791 2,3 807 Pittsburgh & Lake Erie R. R. ..................... 4 413,369 16,45, 4 676 Reading Co. ...................................... 5 395,426 48 7 7 37 St. Louis-San Francisco Ry* ...................... d 7a.26 A 8.217.317 d 4.262.679 5.410.807 St. Louis,San Francisco & Texas By. .............. .565 207.028 d 24 426 206,265 St. Louis Southwestern Lines* .................... d 335557 d 1.898.269 249,943 d 1.330,162 Seaboard Air Line Ry# ............................ d 5.736.513 d .26 d 759456 Southern Ry. ..................................... 72 826,613 7 956 7 02,12 Southern Pacific Transportation System/ ........ 017,652 1,599,992 12188,577 Texas & Pacific Ry .............................. 1,364,091 809,359 2,89101 1,912,315 Union Pacific R. R. (including leased lines) ..... 15,097,539 14,534,799 22,163,365 21,367,4 Wabash Ry.#.................................. 2671.894 d 3.641.707 688.4 1669.904 Yazoo & Mississippi Valley R. R. ................. 470 53 # Report of receiver or receivers. SReport of trustee or trustees. Under trusteeship, Erie R.R. only. S Includes Atohison, Topeka & Santa Fe Ry. Gulf, Colorado A Santa Pe Ry., and Panhandle & Santa Fe Ry. Includes Boston & Albany, lessor to New York Central R.R. S Includes Southern Pacific Company, Texas & New Orleans R.R. and leased lines. The report contains the following information: "Figures reported above for Southern Pacific Transportation System exclude offsetting debits and credits for rent for leased roads and equipment, and bond interest, between companies included therein. -Opera- tions for 1940 of separately operated Solely Controlled Affiliated Companies (excluding results for Southern Pacific Railroad Company of Mexico), not included in above statement, resulted in a net deficit of $325,432 for the month and $4,477,141 for the period. These results include $214,196 for the month and $2,338,976 for the period, repre- senting interest on bonds of such companies owned by Southern Pacific Company not taken into income by S.P.Co. and, therefore, not included in the 1940 income results for the System reported above. The combined results for 1940 for Southern Pacific Transportation System and separately operated Solely Controlled Affiliated Companies (exclud- ing S. P. R. R. Co. of Mexico) amounted to a net income of $2,586,469 for the month and 14,206,219 for the period. Figures herein given exclude results of S. P. R. R. Co. of Mexico for the reason that policy was adopted January 1, 1940 of making no further advances to that company, it being required to conduct its operations entirely within its own resources." d Deficit. |