Selected income and balance-sheet items of class I railroads in the United States - 1967

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Material Information

Title:
Selected income and balance-sheet items of class I railroads in the United States - 1967
Series Title:
Statement ;
Physical Description:
v. : ; 28 x 42 cm.
Language:
English
Creator:
United States -- Interstate Commerce Commission. -- Bureau of Transport Economics and Statistics
United States -- Interstate Commerce Commission. -- Bureau of Accounts
Publisher:
The Bureau
Place of Publication:
Washington, D.C
Creation Date:
1967
Frequency:
quarterly[1962-]
monthly[ former dec. 1956-dec. 1961]
quarterly
regular

Subjects

Subjects / Keywords:
Railroads -- Periodicals -- United States   ( lcsh )
Income -- Periodicals -- United States   ( lcsh )
Genre:
serial   ( sobekcm )
statistics   ( marcgt )
federal government publication   ( marcgt )
periodical   ( marcgt )

Notes

Statement of Responsibility:
Interstate Commerce Commission, Bureau of Transport Economics and Statistics.
Dates or Sequential Designation:
Dec. 1956-
Issuing Body:
Vol. for Dec. 1956-4th quarter, 1964 issued by the Bureau of Transport Economics and Statistics, Interstate Commerce Commission; 1st quarter, 1965- issued by the Bureau of Accounts, Interstate Commerce Commission.
General Note:
"Compiled from ... reports (Form IBS) representing ... railroads (switching and terminal companies not included)" (varies slightly).
Citation/Reference:
Picklist IC1ste34B

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 18020798
lccn - sn 88028524
sobekcm - AA00000588_00012
Classification:
lcc - HE2713 .Un321
ddc - 385.13 fU567s
System ID:
AA00000588:00012

Related Items

Preceded by:
Selected income and balance-sheet items of class I steam railways in the United States

Full Text


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Subject to re


UNIVERSITY OF FLORIDA /

IlIIIIIIII IIIIII IIIIIIIIIIIIIII INTERSTATE COMMERCE COMMISSION
3 1262 08851 4582 Bureau of Accounts


Statement No. Q-125 (m)

First Quarter 1967


SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I RAILROADS IN THE UNITED STATES

Compiled from 77 railroad reports, Form IBS, (Excluding Switching and Terminal Companies)


Income Item


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. AMORTIZATION OF DISCOUNT ON FUNDED DEBT
6-04. TOTAL FIXED CHARGES
7. INCOME AFTER FIXED CHARGES..............s.
8. OTHER DEDUCTIONS ..............................
9. NET INCOME 2/ *.........................

10. DEPRECIATION (WAY AND STRUCTURES AND EQUIPMENT)
11. FEDERAL INCOME TAXES ....................

12. DIVIDEND APPROPRIATIONS
12-01. ON COMMON STOCK ......................
12-02. ON PREFERRED STOCK ...................

RATIO OF INCOME TO FIXED CHARGES (ITEM 5*6-04).


UNITED STATES
For the first quarter of
1967 1966


$144,723,215
115,911.646
260,634,861

17*748.898
242,885.963

14,707,229
97,000,844
1.211,573
112.919,641
129,966,317
8,671,617
121,294,700

189,203,881
23.301,088

115.111,047
6.704,459

2.15


$214,337,630
87,624,816
301,962,446

17,636,828
284,325.618

14,522,020
66,988,090
1,059.669
102(569,779
181,755,839
9,582,110
172,173.729

180,559,968
41,760,220


103,569,762
9(684.799
2.77


EASTERN DISTRICT
For the first quarter of
1967 1966


$32,186,520
47.242,988
79.429,508

6,326,639
73,102,869

11,850,572
43,826,182
390,508
56,067,262
17,035,607
1,443,283
15,592,324

68,376,565
5,074,083


47,968,895
231,039

1.30


$72,026,954
35,981.318
108*008,272

7,642,771
100,365,501

11,704,110
40,553,732
393,278
52,651,120
47,714.381
1,879.397
45,834.984

66,218,034
12,980,299


35,610,124
228,224

1.91


SOUTHERN DISTRICT
For the first quarter of


WESTERN DISTRICT
For the first quarter of


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. AMORTIZATION OF DISCOUNT ON FUNDED DEBT
6-04. TOTAL FIXED CHARGES
7. INCOME AFTER FIXED CHARGES................
8. OTHER DEDUCTIONS ..............................
9. NET INCOME 2/ ............ ...........

10. DEPRECIATION (WAY AND STRUCTURES AND EQUIPMENT)
11. FEDERAL INCOME TAXES ..........................

12. DIVIDEND APPROPRIATIONS:
12-01. ON COMMON STOCK .....................
12-02. ON PREFERRED STOCK ..................

RATIO OF INCOME TO FIXED CHARGES (ITEM 5*6-04),


Selected Expenditures and Asset Itce


$40,617,339
12,898,321
53,515,660

2,526,741
50,968,919

2.612.420
16,735,217
383,894
19,731,531
31,257,388
670.456
30,586,932

32,049,534
6.937,813


14,357,519
2,367,376

2.58


$39*160.343
8,505,049
47,665,392

2,549,980
45,115,412

2,585,503
14,624,900
246,694
17(457,097
27(658,315
672,413
26,985,902

29,874,194
3,318,726

13,746,526
2,372,413

2.58


1967

$71,9919-356
55.770.337
127,689,693

8,895,518
118.794,175

244,237
36,439,445
437,171
37,120.853
81,673,322
6,557,878
75,115,444

88,777,782
11,289,192


52,784,633
6.106,044
3.20


UNITED STATES

Balance at the end of March


1966

$183,150.333
43 138,449
146 288.782

7,444,077
138 844.705

232,407
31,809,458
419,697
32,461,562
106,383,143
7*030,300
99,352,843

84,467.740
25,461,195


54,213,112
7,084,162
4.28


Selected Liability Item


UNITED STATES

Balance at the end of March


17. EXPENDITURES (GRO$) J OR ADDITIONS AND BE TTRMENTS-ROA ..
18. EXPENDITURES (GROSS)OR ADDITIONS AND BETTERMENTS-EUIPMENT
19. INVESTMENT TN STOCKS, BONDS, ETC., OTHER THAN THOSE OF
AFFILIATED COMPANIES (TOTAL, ACCOUNT 722) ..............
20. OTHER DEFERRED CHARGES ...................... ................


21. CASH ............................... ..................... .
?2. TEMPORARY CASH INVESTMENTS .................................
23. SPECIAL DEPOSITS .................................. ......*
24. LOANS AND NOTES RECEIVABLE .................................
25. TRAFFIC AND CAR-SERVICE BALANCES--DR. ............* ........
26. NET BALANCE RECEIVABLE FROM AGENTS AND CONDUCTORS ..........
27. MISCELLANEOUS ACCOUNTS RECEIVABLE ..........................
28. INTEREST AND DIVIDENDS RECEIVABLE ..........................
29. ACCRUED ACCOUNTS RECEIVABLE ...............................
30. WORKING FUND ADVANCES........................................
31. PREPAYMENTS ......................................... .......
32. MATERIAL AND SUPPLIES .......................................
33. OTHER CURRENT ASSETS .......................................


1967
$75.747.899
330.306,892

310, 115, 030
157,310,219


297.933,099
977.260,967
51,143,444
12,005,668
64.678,098
304.371,037
334,432,690
20,312,213
435,607,703
11,739,963
16,599,722
540.343,844
36.993,719


34. TOTAL CURRENT ASSETS .................................. 3,099,442,167


1,


1966
$78,843,962. 40. FUNDED DEBT MATURING WITHIN 1 YEAR 3/ ..,
309,765.453

298 207,411 41. LOANS AND NOTES PAYABLE ,/ ..............
141,705,030 42. TRAFFIC AND CAR-SERVICE BALANCES--CR. ..
43. AUDITED ACCOUNTS AND WAGES PAYABLE ......
44. MISCELLANEOUS ACCOUNTS PAYABLE ..........
354,742,586 45. INTEREST MATURED UNPAID .................
.180,072,206 46. DIVIDENDS MATURED UNPAID ................
60,692,963 47. UNMATURED INTEREST ACCRUED ..............
9,832.830 48. UNMATURED DIVIDENDS DECLARED ...........
54;199,531 49. ACCRUED ACCOUNTS PAYABLE ...............
266,627,940 50. FEDERAL INCOME TAXES ACCRUED ............
276,420,091 51. OTHER TAXES ACCRUED .....................
19,028.166 52. OTHER CURRENT LIABILITIES ...............


430,762,565
12*223,605
14,740,735
404,246,163
42,804,230

3,206,393,611


1/ Represents accruals, including the amount in default.
2/ Analysis of the net income for the First Quarter in 1967 shows 48 carriers with a net income of $156,439,759 and
26 carriers with a net deficit of $35,145,059 as compared with the First Quarter of 1966 which showed 57 carriers
with a net income of $192,305,149 and 17 carriers with a net deficit of $20,131,420. Excluded from the analysis are
three roads whose net income (or deficit) was absorbed by the controlling company.


1967
$545,841,740

20,119.205
78,835,606
314.510,378
150,738,325
54,307.054
20.874,830
89,212,615
39,829,448
080.863.139
178,821,078
271,.10.883
151,371,481


53. TOTAL CURRENT LIABILITIES .......... 2,251,294,042


54. ANALYSIS OF TAXES ACCRUED:
54-01. U.S. GOVERNMENT TAXES ..........
54-02. OTHER THAN U.S. GOVERNMENT TAXES
55. OTHER DEFERHED CREDITS ..................


246.057,218
204.574,743
232,603,030


1966
$479.722,061


7*352,255
72,673,728
289,246,527
159&251,043
54i226.363
23,087,81d
82,720.437
38,636,461
818,386,064
183,841,726
265,940,368
171,326,915

2,166,689,705


248,056,160
201,725,934
281,990,632


3/ Includes payments of principal of long-term debt (other than long-term debt in default)
which becomes due within one year after close of month of report.
4/ Includes obligations which mature not more than one year after date of issue.


Income Items


C





J'r'ii


III.
*0








INTERSTATE COMMERCE COMMISSION


Bureau of Accounts





SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS





FOR THE THREE MONTHS ENDED MARCH 1967 AND 1966


Page 2


District and railroad


NET RAILWAY OPERATING
INCOME


NET INCOME


FEDERAL INCOME
TAXES


DIVIDEND
APPROPRIATIONS


District and railroad


NET RAILWAY OPERATING
INCOME


United States Total ............. $144,723,215 $214,337,630


Eastern District Total ...........


Akron, Canton & Youngstown ........
Ann Arbor .........................
Baltimore and Ohio ...............
Bangor & Aroostook ................
Bessemer & Lake Erie ..............
Boston & Maine ..................
Canadian Pacific Lines in Maine ...
Central Railroad Company of N.J...
Central Vermont ...................
Chesapeake and Ohio ...............
Chicago & Eastern Illinois ........
Chicago & Illinois Midland ........
Delaware and Hudson ...............
Detroit and Toledo Shore Line .....
Detroit, Toledo, and Ironton ......
Elgin, Joliet and Eastern .........
Erie-Lackawanna ..................
Giand Trunk Western ...............
Illinois Terminal ................
Lehigh Valley ....................
Long Island .......................
Maine Central .....................
Missouri-Illinois ................
Monon...........................
New York Central.................
New York, New Haven & Hartford; / i .
Norfolk and Western ..............
Pennsylvania ......................
Pennsylvania-Reading Seashore Lines
Pittsburgh & Lake Erie ...........
Reading ........................
Richmond, Fredericksburg & Potomac.
Western Maryland .................






Southern District Total .........


Alabama Great Southern ............
Atlantic Coast Line ...............
Central of Georgia ...............



- Deficit or other reverse item.
1/ Report of trustees.


1967 1966

$121,294,700 $172,173,729


32,186,520 72,026,954 15,592,324 45,834,984


268,940
91,728
4,165,309
580,701
501,307
527,507
262,337
- 2,282,345
75,756
9,988,000
822,028
178,790
782,719
192,300
948,633
637,389
209,885
- 2,930,805
29,036
974,717
- 2,610,181
516,016
912,126
312,628
- 3,051,395
- 5,728,089
25,066,779
580,820
844,875
2,181,927
121,044
824,589
1,809,657


180,177
19,109
5,677,009
669,949
972,086
299,974
511,241
- 1,653,194
345,080
9,541,168
621,216
377,908
1,240,028
199,301
1,332,469
1,077,515
3,209,216
408,681
213,392
- 1,498,732
- 1,134,660
597,242
686,878
644,706
8,411,667
- 4,233,840
29,190,858
8,898,588
- 1,039,058
3,274,723
1,830,009
786,523
1,915,465


148,815
206,895
2,489,705
871,249
642,395
615,761

- 3,224,639
229,332
7,983,470
- 1,116,466
223,076
569,454
151,394
582,236
957,976
- 1,599,736
- 4,815,333
73,229
- 1,425,124
- 2,564,318
159,684
802,872
102,079
- 1,959,152
- 5,771,253
18,569,850
2,854,639
- 1,006,551
2,257,778
- 1,451,852
1,091,797
1,193,496


141,047
142,792
2,476,717
741,372
1,303,634
- 1,042,450

- 2,805,877
486,254
9,075,943
386,739
457,475
1,022,861
165,802
1,047,685
1,501,364
745,182
- 2,393,757
127,929
- 1,880,048
- 1,070,415
256,777
653,609
408,180
7,578,611
- 4,178,026
21,878,933
5,134,242
- 1,213,761
3,268,002
411,428
1,040,823
1,224,009


40,617,339 39,160,343 30,586,932 26,985,902


479,692 489,280 407,081 385,450
6,458,470 5,552,891 6,747,759 5,200,901
473,478 372,099 943,084 726,014


1967


1966 1967


1966


$23,301,088 $41,760,220 $123,815,506 $113,254,561

5,074,083 12,980,299 48,199,934 35,838,348


- 63,342

43,584

382,179
35,906

701

940,000

190,400

91,056

620,787


32,532

46,299

695,563
36,408

701

2,750,000

439,900
337,900
69,739

1,122,415
82,341


508,128


485,487
149,988




8,686,659


1,547,220
60,000


508,128


35,962
149,988




8,687,916



60,000
809,599


1967 1966


1966 1967


Southern District Continued


Cincinnati, N. 0. & Texas Pacific ...
Clinchfield ........................
Florida East Coast ..................
Georgia Railroad, Lessee Organization
Georgia Southern & Florida .........
Gulf, Mobile and Ohio ...............
Illinois Central ...................
Louisville and Nashville..........
New Orleans and Northeastern ........
Norfolk Southern ....................
Piedmont and Northern ...........,...
Seaboard Air Line ...................
Southern ............................



Western District Total ............


Atchison, Topeka & Santa Fe .........
110,000 Chicago & North Western ............
Chicago, Burlington & Quincy ........
--- Chicago Great Western ...............
9,976 131,414 Chicago, Milwaukee, St.Paul & Pacific
157,000 103,000 6,327,300 Chicago, Rock Island & Pacific ......
357,114 Colorado and Southern ...............
2,164,538 2,051,085 5,381,032 3,562,981 Denver & Rio Grande Western........
40,501 59,175- Duluth, Missabe and Iron Range ......
2,916,000 6,631,000 13,833,420 13,951,755 Duluth, Winnipeg & Pacific.,.......
42,000 3,000 8,362,739 5,552,712 Fort Worth & Denver .................
Great Northern .....................
767,744 1,375,639 1,058,490 1,058,658 Kansas City Southern ...............
84,405 82,022 Lake Superior & Ishpeming ..........
639,700 639,750 536,473 543,324 Louisiana & Arkansas ...............
350,000 524,000 785,908 785,911 Missouri-Kansas-Texas..............
Missouri Pacific .............I......
Northern Pacific ....................
Northwestern Pacific ...............
St. Louis-San Francisco ............
St. Louis Southwestern .............
Soo Line ............................
6,937,813 3,318,726 16,724,895 16,118,939 Southern Pacific ...................
Spokane, Portland and Seattle .......
Texas & Pacific .....................
166,000 111,000 Toledo, Peoria & Western ...........
850,000 200,000 2,020,415 2,018,952 Union Pacific....................
628,000 661,000 western Pacific.....................


$1,694,076
2,356,875
8,597
307,137
13,988
2,461,722
3,853,295
7,783,145
238,676
128,162
246,702
4,431,074
10,629,206


$1,938,276
2,531,939
29,107
153,693
33,319
2,445,128
4,534,588
7,110,572
149,847
74,535
311,586
4,838,360
9,405,959


$625,356

207,293

30,749
1,794,609
3,939,211
5,057,550
197,458
43,874
267,802
4,010,815
8,349,705


71,919,356 103,150,333 75,115,444


9,790,917
- 1,983,330
4,146,346
262,681
2,028,983
911,753
124,394
3,322,109
- 1,470,267
404,844
288,177
3,167,349
1,727,175
898,037
667,108
592,390
8,259,733
59,921
374,022
3,810,644
6,450,641
111,140
15,126,403
474,808
1,208,782
126,515
15,683,635
1,483,204


17,117,444
1,398,971
5,527,294
312,068
5,324,813
2,405,078
330,960
3,325,251
- 1,367,278
495,450
13,693
4,514,725
1,945,410
580,024
1,074,194
- 1,457,279
10,370,061
2,426,759
225,021
3,704,234
5,613,240
1,897,484
17,727,300
1,106,074
1,623,338
175,132
16,989,946
1,388,402


8,767,322
- 2,803,622
2,561,244
135,384
491,154
699,896
74,835
2,641,689
971,673
291,425
274,671
3,716,482
1,042,211
-938,060
683,297
- 1,300,296
10,482,708
1,904,693
264,866
2,298,545
6,279,599
323,473
17,077,844
123,793
2,410,712
152,391
21,374,926
1,164,055


$930,102

76,822

89,140
1,681,569
3,698,704
5,001,143
72,228
12,032
394,678
3,863,874
6,507,617


$302,000
150,312



675,000
906,678
- 188,000
22,000

173,823
1,955,000
2,553,000


$372,000
147,415



409,066
140,204
- 695,000


350,041
945,000
2,000,000


$714,870
2,400,540
2,474,078



2,199,525
6,915,467


$623,007
1,916,883
2,472,027



2,198,074
6,889,996


99,352,843 11,289,192 25,461,195 58,890,677 61,297,274


16,741,476
35,467
4,326,958
225,052
2,875,279
1,561,701
241,500
2,691,671
- 1,087,096
378,568
49,924
5,620,915
1,385,364
636,354
1,044,748
- 2,137,459
6,374,329
4,698,153
180,021
2,056,348
5,497,900
1,302,849
19,071,204
719,503
1,104,548
198,728
23,880,473
1,410,963


273,983

- 749,200



- 39,309
1,128,400
1,507,440


614,000
168,000

234,000

900,000

- 100,203
818,000
2,354,235

2,800,585

- 220,100
89,000
5,000,000
- 474,759


5,108,946

746,950



71,408
1,385,200
1,707,396


1,457,000
349,000

339,000

2,190,000


703,000
2,164,347
391,000
3,586,178
405,000
53,200
110,000
8,300,000
- 48,822


9,859,234
18,444
2,562,581
228,589
4,768,856


1,748,108



4,615,632
1,229,198
83,676


2.317,159
3,924,772

1,769,038
994,185
1,898,864
10,178,072



11,593,156
1,101,113


9,850,598
383,041
2,562,581
228,589
4,751,683


1,769,448



4,613,562
1,229,198
84,276


2,303,297
3,924,606

2,777,960
994,185
1,898,864
10,178,069



11,645,438
2,101,879


SPo 92.274


S


NET INCOME


FEDERAL INCOME
TAXES


DIVIDEND
APPROPRIATIONS


-







I&/sIe3 $: 967/


UNIVERSITY OF FLORIDA


l llII IIII1111111I II 111IIIII INTERSTATE COMMERCE COMMISSION
sbjet to n 3 1262 08851 4590 Bureau of Accounts


SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I RAILROADS IN THE UNITED STATES


Statement No. Q-125 (Sm)

Second Quarter 1967


Compiled from 77 railroad reports. Form IBS, (Excluding Switching and Terminal Companies)
UNITED STATES


Income Items


For the second quarter of
1967 1966


1. NET RAILWAY OPERATING INCOME ................. $178,664,582
2. OTHER INCOME .................................. 106,524,283
3. TOTAL INCOME ............................. 285,188,865

4. MISCELLANEOUS DEDUCTIONS FROM INCOME .......... 18,532,107
5. INCOME AVAILABLE FOR FIXED CHARGES ....... 266*656,758
6. FIXED CHARGES
6-01. RENT FOR LEASED ROADS AND EQUIPMENT.... 14,864,982
6-02. INTEREST DEDUCTIONS I/ ................ 98,577,730
6-03. AMORTIZATION OF DISCOUNT ON FUNDED DEBT 1,255,395
6-04. TOTAL FIXED CHARGES ........... 114,698,107
7. INCOME AFTER FIXED CHARGES................ 151,958,651
8. OTHER DEDUCTIONS .............................. 8,933,488
9. NET INCOME / ............................. 143,025,163

10. DEPRECIATION (WAY AND STRUCTURES AND EQUIPMENT) 191,339,735
11. FEDERAL INCOME TAXES ......................... 20,222,239

12. DIVIDEND APPROPRIATIONS:
12-01. ON COMMON STOCK .........*............ 151,698,959
12-02. ON PREFERRED STOCK ................... 4,608,797

RATIO OF INCOME TO FIXED CHARGES (ITEM 5*6-04). 2.32


$ 301,119,130
93,332,733
394,451,863


For the six months of
1967 1966


$323,504,168
222,435,928
545,940,096


$515,456,758
180,957,552
696,414,310


19,375,941 36,397,375 37,012,770
375,075,922 509,542,721 659,401,540


15,065,800
89,367,040
1,158,555
105,591,395
269,484,527
9,431,610
260,052,917


29,572,211
195,578,574
2,466,967
227,617,752
281,924,969
17,605,105
264,319,864


29,587,820
176,355,128
2,218,224
208,161,172
451,240,368
19,013,719
432,226,649


182.588,952 380,543,616 363,148#921
67,837,934 43,523,327 109,598,154


105,292*998 266,810,006 208,862,760
4,030,821 13,313,256 13,715,621


3.55


2.24


3.17


EASTERN DISTRICT


For the second quarter of


1967


1966


For the six months of
1967 1966


$53,816,213 $114,714,497 $86,119,104 $186,741,449
42,815,215 36,619,957 90,058,203 72,601,277
96,631,428 151,334,454 176,177,307 259,342,726

7,817,346 7,840,526 14,260,356 15S483j297
88,814,082 143,493,928 161,916,951 243,859,429


11,995,641
44,004,820
390,564
56,391,025
32,423#057
1,439,251
30,983*806


12,215,378
41,157,364
399,719
53,772,461
89,721,467
1,877,511
87,843,956


23,846,213
87,831,002
781,071
112,458,286
49,458,665
2,882,534
46,576,131


23,919,488
81,711,096
792s997
106,423,581
137,435,848
3,756,907
133,678,941


69,136,461 66,695,407 137,513,026 132,913,444
3,730,037 17,976,330 8,804,120 30,956,629


47,514,243 38,796,106 95,483,138 74,406,230
157,769 159,104 388,808 387,328


1.57


1.44


2.29


SOUTHERN DISTRICT


WESTERN DISTRICT


Income Items


For the second quarter of


1967

1. NT RAILWAY OPERATING INCOME .................. $43,073,317
2. OTHER INCOME ........... ...................... ..14Z27.521
3. TOTAL INCOME ............................. 57,300,838


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 J/ ......*.........
6-0. AMORTIZATION OF DISCOUNT ON FUNDED DEBT
6-04. TOTAL FIXED CHARGES ...........
7. INCOME AFTER FIXED CHARGES.......,........
8. OTHER DEDUCTIONS ............................
9. NIl INcUe II/ ...........................


3,141,847
54,158,991

2,673,818
17,084,980
393,228
20,152,026
34,006,965
669,403
-3;,3T/562


1966


For the six months of


1967


1966


$47,714,243 $43s690,656 $86,874,586
10,698,739 27.125,842 19,203,789
58,412,982 110,816,498 106,078,375


2,901,526 5,668,588
55,511,456 105,147,910


2,620,344
15,115,873
262,336
18,006,553
37,504,903
671,584
36tB333i19


5,286,238
33,820,197
777,122
39*883,557
65,264,353
1"33928549
631924;494


5,451,507
100,626,868

5,213,847
29,740,771
509,030
35,463,648
65,163,220
16343,997
63,819,223


For the second quarter of

1967 1966


For the six months of


1967


1966


$81,775,052 $138,690,390 $153,694,408 $241,840,723
49,481,547 46,014,037 105,251.883 89,152,486
131,256,599 184,704,427 258,946,291 330,993,209

7,572s914 8,633s889 16,468,431 16,077,966
123.683,695 176,070,538 242,477,860 314,915,243


195,523
37,487,930
471,603
38,155,056
85,528,629
6,824,834
78,703o795


222,078
33,093,803
496*500
33,812,381
142,258,157
63882,515
135,375,642


439,760
73,927,375
908,774
75,275,909
167,201,951
135382,712
153,819,239


454,485
64,9n3,261
916,197
66,273,943
248,641,300
13,912, 1S
234,728,485


10. DEPRECIATION (WAY AND STRUCTURES AND EQUIPMENT) 32,335,214
11. FEDERAL INCOME TAXES .......................... 3.524,447

12. DIVIDEND APPROPRIATIONS:
12-01. ON COMMON STOCK .................... 15,888,121
12-02. ON PREFERRED STOCK ..................... 386,81

RATIO OF INCOME TO FIXED CHARGES (ITEM 5+6-04). 2.69


Selected Expenditures and Asset Items



17. EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-ROAD ...
18. EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-EOUIPHENT
19. INVESTMENT IN STOCKS, BONDS, ETC., OTHER THAN THOSE OF
AFFILIATED COMPANIES (TOTAL, ACCOUNT 722) ................
20. OTHER DEFERHEU CHARGES ...................* .................


21. CASH ..... ................ .....................................
22. TEMPORARY CASH INVESTMENTS ................................
2J. SPECIAL DEPOSITS ................................... .........
24. LOANS AND NOTES RECEIVABLE .................................
25. TRAFFIC AND CAR-SERVICE BALANCES--DR. ......................
26. NET BALANCE RECEIVABLE FROM AGENTS AND CONDUCTORS ..........
27. MISCELLANEOUS .ACCOUNTS RECEIVABLE ............................
28. INTEREST AND DIVIDENDS RECEIVABLE ..........................
29. ACCRUED ACCOUNTS RECEIVABLE ...............................
30. WORKING FUND ADVANCES,.....................................
31. PREPAYMENTS ...............................................
32. MATERIAL AND SUPPLIES .......................................
33. OTHER CURRENT ASSETS ......................................


30,320,576 64,384,748 60,194,770
6,923,884 10,462,260 10,242,610


15,274,080
385,587

3.08


30,245,640 29,020,606
2,753,957 2,758,000


2.64


UNITED STATES
Balance at the end of June
1967 1966


$169,576,754
602,648,604

303,230,483
169,222,393


275,370,635
890,658,099
46,315,843
3,329,492
66,272,534
285,821,731
309,737,539
19,039,396
447,252,816
12,587,979
19,543,817
546,321,733
36,311,332


$165,961,809
777,938,183

297,604,036
161,173,865


354,123,432
1l145,357,097
50.926,427
10,170,515
54,963,202
283,159,162
282,852,011
2.0496,104
445,612,590
12,837,867
17,092,885
499,099,055
35,636,004


34. TOTAL CURRENT ASSETS .................................. 2,958,562,946 3,212,326,351



I/ Represents accruals, including the amount in default.
2/ Analysis of the net income for the Second Quarter in 1967 shows 51 carriers with a net Income of $174,785,244
and 23 carriers with a net deficit of $31,760,081 as compared with the Second Quarter of 1966 which showed 64
carriers with a net income of $269,901,623 and 10 carriers with a net deficit of $9,848,706. Excluded from
the analysis are three roads whose net income (or deficit) was absorbed by the controlling company.


2.84


89,868,060 85,572,969 178,645,842 170*040,707
12,967,755 42,937*720 24,256,947 68,398,915


88,296,595 51,222,812 141,081,228 105,435,924
4,064,447 3,486,130 10,170,491 10,570,293


3.24


Selected Liability Items


40. FUNDED DEBT MATURING WITHIN 1 YEAR 3/ ..,

41. LOANS AND NOTES PAYABLE A/ ..............
42. TRAFFIC AND CAR-SERVICE BALANCES--CR. ...
43. AUDITED ACCOUNTS AND WAGES PAYABLE ......
44. MISCELLANEOUS ACCOUNTS PAYABLE ..........
45. INTEREST MATURED UNPAID .................
46. DIVIDENDS MATURED UNPAID ................
47. UNMATURED INTEREST ACCRUED ..............
48. UNMATURED DIVIDENDS DECLARED ............
49. ACCRUED ACCOUNTS PAYABLE ...............
50. FEDERAL INCOME TAXES ACCRUED ............
51. T1HER TAXES ACCRUED .....................
52. OTHER CURRENT LIABILITIES ...............


5.21


UNITED STATES
Balance at the end of June

1967 1966
$531,897,416 $498,818,670


51,283,480
82,311,611
289,827s800
149,836,103
45,249,494
18,988,288
92,868,718
67,186,219
910.645,978
99,640S081
273,772,777
150,617,549


53. TOTAL CURRENT LIABILITIES ..........** 232,228,098


54. ANALYSIS OF TAXES ACCRUED:
54-01. U.S. GOVERNMENT TAXES .......... 165,739,589
54-02. OTHER THAN U.S. GOVERNMENT TAXES 207,673,269
55. OTHER DEFERRED CREDITS .................. 243,083,948


3,593,088
79,016,768
289,479,566
149s907,477
39,683,664
L9,489s924
85,693,756
35,970,189
836,872,312
173,464,892
264,252,088
164,226,924

2.141,652Z668


237,525,392
200,191,588
289,526,972


3/ Includes payments of principal of long-term debt (other than long-term debt in default)
which becomes due within one year after close of month of report.
4/ Includes obligations which mature not more than one year after date of issue.


..UNIV. OF FL LII





AU. -3D:E



U.S. DEPC' )


t







INTERSTATE COMMERCE COMMISSION



Bureau of Accounts





SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS





FOR THE SIX MONTHS ENDED JUNE 1967 AND 1966


Page 2


District and railroad


United States Total .............

Eastern District Total ..........


Akron, Canton & Youngstown ........
Ann Arbor .........................
Baltimore and Ohio ................
Bangor & Aroostook ................
Bessemer & Lake Erie ..............
Boston & Maine ....................
Canadian Pacific Lines in Maine ...
Central Railroad Company of N. J. .
Central Vermont ...................
Chesapeake and Ohio ...............
Chicago & Eastern Illinois ........
Chicago & Illinois Midland ........
Delaware and Hudson ...............
Detroit and Toledo Shore Line .....
Detroit, Toledo, and Ironton ......
Elgin, Joliet and Eastern .........
Erie-Lackawanna ...................
Grand Trunk Western ...............
Illinois Terminal .................
Lehigh Valley .....................
Long Island .......................
Maine Central .....................
Missouri-Illinois .................
Monon .............................
New York Central ..................
New York, New Haven & Hartford / .
Norfolk and Western ...............
Pennsylvania ......................
Pennsylvania-Reading Seashore Lines
Pittsburgh & Lake Erie ..........
Reading ...........................
Richmond, Fredericksburg & Potomac
Western Maryland ..................




Southern District Total .........


Alabama Great Southern ............
Atlantic Coast Line ...............
Central of Georgia ................
Cincinnati, N. 0. & Texas Pacific



- Deficit or other reverse item.
1/ Report of trustees.


NET RAILWAY OPERATING
INCOME


1967 1966

$323,504,168 $515,456,758


NET INCOME


FEDERAL INCOME
TAXES


DIVIDEND
APPROPRIATIONS


District and railroad


NET RAILWAY OPERATING
INCOME


1967


$264,319,864 $432,226,649


86,119,104 186,741,449 46,576,131 133,678,941


445,032
79,662
9,419,971
1,432,635
2,652,676
1,057,134
516,129
- 3,861,803
612,987
22,280,862
597,848
320,758
1,989,630
315,521
1,850,557
1,142,786


433,233
90,645
14,996,402
1,438,706
4,167,001
1,528,358
772,017
- 2,199,822
287,523
21,349,353
2,659,262
675,217
2,871,331
356,341
2,699,205
2,859,915


221,286
154,257
7,551,173
1,398,656
3,091,775
- 1,102,402

- 5,896,190
922,717
18,752,258
- 1,221,247
412,484
1,476,639
254,989
1,146,233
2,022,942


342,352
331,911
10,057,697
1,145,011
4,771,444
909,598

- 4,355,608
583,388
19,131,056
2,065,752
807,501
2,379,634
295,675
2,143,152
3,742,986


$43,523,327 $109,598,154 $280,123,262 $222,578,381

8,804,120 30,956,629 95,871,946 74,793,558


- 63,342

100,756

2,594,485
71,953

1,401

2,407,000

356,600
301,500
74,874

1,350,261


101,459

92,008

3,049,632
72,625

1,173

6,800,000

761,400
868,600
106,314

3,131,977


508,128


521,449
209,988




17,377,082


1,547,220
120,000


508,128


71,924
209,988




17,378,964


1,547,220
120,000
1,668,264


1966


NET INCOME


1967


1966


FEDERAL INCOME
TAXES


1967


1966


DIVIDEND
APPROPRIATIONS


1967


1966


Southern District Continued


Clinchfield .........................
Florida East Coast ..................
Georgia Railroad, Lessee Organization
Georgia Southern & Florida ..........
Gulf, Mobile and Ohio ...............
Illinois Central ....................
Louisville and Nashville ............
New Orleans and Northeastern ........
Norfolk Southern ....................
Piedmont and Northern ...............
Seaboard Air Line ...................
Southern ............................


$5,146,182
89,641
685,595
54,949
5,291,857
8,726,847
16,405,204
500,328
161,493
539,579
7,557,414
22,372,317


$4,982,880
221,722
492,535
271,884
5,195,157
9,596,714
17,753,903
522,067
266,848
558,394
8,937,508
21,077,111


$177,469

144,738
3,781,109
8,581,909
11,052,979
402,068
190,341
571,821
6,799,395
18,570,690


Western District Total ............ 153,694,408 241,840,723 153,819,239


109,502 9,572,846 4,250,880 4,569,825 82,341 Atchison, Topeka & Santa Fe .........
* 4,421,802 593,933 8,502,314 3,422,968 Chicago & North Western .............
100,963 567,916 105,700 383,544 110,000 Chicago, Burlington & Qunicy ........
- 1,707,434 1,534,898 2,141,711 2,287,957 Chicago Great Western ...............
- 4,153,691 2,265,654 3,892,832 2,156,338 Chicago, Milwaukee, St.Paul & Pacific
1,055,745 1,042,872 317,427 412,042 499,953 142,703 Chicago, Rock Island & Pacific .....
1,736,916 1,501,073 1,443,810 1,385,937 182,000 250,000 6,327,300 Colorado and Southern ...............
559,619 1,383,997 226,144 885,728 357,114 141,905 Denver & Rio Grande Western .........
1,693,103 29,082,393 1,312,145 25,038,972 4,780,839 4,221,365 10,766,547 9,198,010 Duluth, Missabe and Iron Range ......
10,717,056 7,117,894 10,791,793 6,839,054 69,676 118,350 Duluth, Winnipeg & Pacific ..........
50,429,945 61,589,532 34,974,305 46,206,096 2,124,000 13,210,000 27,666,840 27,904,170 Fort Worth & Denver .................
4,883,744 23,483,395 6,436,278 18,134,627 84,000 95,000 25,091,158 11,109,859 Great Northern ......................
- 1,818,223 2,103,577 2,151,295 2,443,942 Kansas City Southern ................
5,031,211 7,460,597 5,132,003 7,433,316 2,109,135 3,660,917 2,116,965 2,117,284 Lake Superior & Ishpeming ...........
347,952 3,465,824 3,084,813 685,977 168,810 164,048 Louisiana & Arkansas ................
1,827,340 1,769,107 2,326,857 2,320,884 1,368,850 1,266,150 1,080,386 1,103,317 Missouri-Kansas-Texas ...............
3,645,463 4,021,636 2,296,878 2,670,497 283,000 1,346,000 1,571,816 1,571,822 Missouri Pacific ....................
Northern Pacific ....................
Northwestern Pacific ................
St. Louis-San Francisco .............
St. Louis Southwestern ..............
83,690,656 86,874,586 63,924,494 63,819,223 10,462,260 10,242,610 32,999,597 31,778,606 Soo Line ............................
Southern Pacific ....................
Spokane, Portland and Seattle .......
799,480 1,059,559 923,124 1,183,092 180,000 282,000 896,828 896,828 Texas & Pacific .....................
12,712,869 11,373,114 13,674,402 10,710,278 250,000 425,000 4,037,450 4,034,619 Toledo, Peoria & Western ............
991,025 77,993 1,898,932 912,967 1,121,000 1,000,000 Union Pacific .......................
3,747,824 4,643,183 1,623,539 2,592,934 605,000 1,145,000 897,000 897,000 Western Pacific .....................


25,434,248
- 2,083,413
7,650,517
270,021
4,129,000
- 6,449,246
425,123
6,656,375
622,656
506,953
- 1,131,701
5,375,751
3,315,149
47,473
1,172,227
- 1,008,973
17,586,993
1,384,186
498,898
8,296,826
13,130,468
1,302,482
28,331,573
1,311,039
2,649,033
249,328
32,926,354
2,727,852


40,329,304
6,456,728
13,447,786
857,398
10,620,276
4,240,468
742,365
6,976,442
2,317,032
1,043,821
498,972
14,244,576
4,175,463
189,033
1,969,306
- 2,307,554
20,306,327
8,872,749
47,217
8,303,934
11,304,242
4,372,159
37,251,922
2,242,872
2,734,497
306,408
36,576,175
3,815,239


23,304,362
- 3,969,450
4,583,155
437,328
- 1,234,176
- 6,662,391
321,752
5,334,973
1,662,670
275,106
- 1,272,562
7,169,663
2,427,936
133,375
1,271,684
- 2,185,682
17,456,712
5,454,184
254,142
5,211,608
12,904,417
86,897
30,751,347
542,431
3,658,295
283,902
45,173,890
2,093,361


$77,364

154,911
3,634,095
8,378,703
13,641,165
466,148
65,634
681,9P2
7,167,233
15,978,731


$296,588



997,000
2,227,678
- 167,000
60,000

394,994
2,469,000
4,770,000


$294,830


108,000
1,054,066
505,204
1,117,000


610,510
1,087,000
5,464,000


$1,430,814
4,802,020
4,948,407



4,399,677
11,587,401


$1,246,231
3,835,223
4,944,654



4,396,554
11,527,497


234,728,485 24,256,947 68,398,915 151,251,719 116,006,217


38,786,199
3,620,373
10,809,662
675,046
5,577,089
2,562,830
576,196
5,838,027
2,963,186
809,598
379,879
16,577,732
3,270,589
81,498
1,961,006
- 3,548,976
11,729,481
13,931,898
426,121
5,099,563
11,247,731
3,315,277
41,717,578
1,527,868
1,793,381
329,835
49,128,396
3,541,422


1,346,983

939,700



42,263
2,049,103
313,697
81,000

455,354
90,000
3,000
917,000

2,414,000

84,082
1,293,000
4,173,746

2,749,989
846,000
98,200
135,000
11,000,000
- 1,440,498


12,856,946

2,510,400



59,019
3,308,800
1,297,677


5,928,000
880,000

593,000

3,876,000
1,390,000
144,785
1,934,000
4,844,143
1,107,000
11,480,482
914,000
75,600
185,000
15,000,000
283,301


22,823,881
162,889
5,979,355
457,178
4,768,856


3,496,856



9,231,868
21,309,609
167,352
15,811,627

4,637,443
7,849,250

2,958,715
2,282,768
1,898,864
20,356,143

1,956,232
112,500
21,686,312
3,304,021


22,810,876
485,570
5,979,355
457,179
4,759,556


3,529,174



9,227,398
2,458,396
167,954


4,613,143
7,849,434

3,963,728
2,282,768
1,898,864
20,356,139


225,000
21,738,594
3,203,089


*


-







-


GPO 930.552





/t UNIVERSITY OF FLORIDA

S I s(.. ,3 : 9( 7 ll,,lllill,,,llNliViTYOllllllllll FFI 1 11Ill INTERSTATE COMMERCE COMMISSION
t to re 3 1262 08851 4608 Bureau of Accounts


SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I RAILROADS IN THE UNITED STATES


Statement No. Q-125 (13)

Third Quarter 1967


Compiled from 76 railroad reports, Form IBS. (Excluding Switching and Terminal Companies)

UNITED STATES,


For the third quarter of


1967
NET RAILWAY OPERATING INCOME .................$127525,867
OTHER INCOME ................................. 94,083,036
TOTAL INCOME ............................. 21,608903

MISCbLLANEOUS DEDUCTIONS FROM INCOME .......... 18,878657
INCOME AVAILABLE FOR FIXED CHARGES ....... 202,730o246
FIXED CHARGES$
6-01. RENT FOR LEASED ROADS AND EQUIPMENT.... 1SO015s282
6-02. INTEREST DEDUCTIONS / .**.............* 99,722,893
6-03. AMORTIZATION OF DISCOUNT ON FUNDED DEBT 1,363,224
6-04. TOTAL FIXED CHARGES 116,101,401
INCOME AFTER FIXED CHARGES................ 86,628,845
OTHER DEDUCTIONS ............................. 18719952
NET INCOME ./.............................._/77,908,893

DEPRECIATION (WAY AND STRUCTURES AND EQUIPMENT) 190,859P007
FEDERAL INCOME TAXES ........................... 51185537

DIVIDEND APPROPRIATIONS
12-01. ON COMMON STOCK *.......* ............. 100,442,361
12-02. ON PREFERRED STOCK .................. 2,216,596

RATIO OF INCOME TO FIXED CHARGES (ITEM 546-04). 1.75


1966
$269,280,095
93,149,049
362,429,144

17,734,783
344,694,361

15,129,878
91,392,687
1,149,648
107,672,213
237,022,148
9.363,032
227,659,116

184,445,685
53*697,744


For the nine months of


1967
$451,030,037
316,S18,965
767,549,002

55,276,033
712,272,969

44,587,493
295S301.469
3,830,191
343,719,153
368 553,816
26,325,057
31 342,228,759

571,402,621
48,641,884


1966
$784,736,856
274,106,597
1,058,843,453

54,747,553
1,004,095,900

44,717,698
267,747,811
3,367,872
315,833,381
688,262,519
28,376,751
659,885,768

547,594,603
163,295,898


111,089,749 367,252S365 319,952,509
2,294,188 15,29.852 16,009,809


EASTERN DISTRICT


For the third

1967
$30,417,492
40.209#592
70,627,084

6,796,456
63,830,628

12,154,673
44,653S188
473,005
57,280,866
6,549,762
1,434.203
5115,559

68.726,619
2,605,386


30,892,712
260,952

1.11


quarter of

1966
$ 99,790,921
33,722,041
133,512,962

6.604,853
126.908,109

12,349,026
41.4871B86
417,416
54,253.628
72,654.481
1867,975
70.786,506

66,591,635
12,694,453


39.766,228
252,324
2.34


For the nine months of

1967 1966
$ 116,536,598 $ 26,5S32,371
130,267,795 106,323,318
246,804,393 392,855,689

21,056,812 22,088,150
225,747,581 370,767,S39

36,000,886 36,268,514
132.484,190 123,198,282
1,254,076 1,210,413
169,739,152 160,677,209
56,008,429 210,090,330
4,316,737 5,624.882
S1,691,692 204,465p448

206,239,644 199,505S076
11.409,506 43,651,082


126,375,849
649,760
1.33


114,172,458
639,652
2.31


Income Items


NET kAILWAY 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 I/ ...............
6-04. AMORTIZATION OF DISCOUNT ON FUNDED DEBT
6-04. TOTAL FIXED CHARGES
INCOME AFTER FIXED CHARGES...............
OTHER DEDUCTIONS ..............................
NE1 INCOME 2...................... .....

DEPRECIATION (WAY AND STRUCTURES AND EQUIPMENT)
FEDERAL INCOME TAXES .............. ..........

DIVIDEND APPROPRIATIONS:
12-01. ON COMMON STOCK .......................
12-02. ON PREFERRED STOCK ...................

RATIO OF INCOME TO FIXED CHARGES (ITEM 546-04).


Selected Expenditures and Asset Items


SOUTHERN DISTRICT


For the third quarter of
1967 1966


$30,601,058
9,810,089
40,411.147

2,548,851
37,862*296

2,589,659
16.997.795
391,023
19,978,477
17,883,819
669,120
17,214,699

32,349,381
-2S,22,629

14,950,976
116,152

1.90


$42,220,211
9,509,171
51,729,382

2,617,097
49,112,285

2,573.829
15,687,051
257,252
18,518,132
30,594,153
671,420
29,922,733

30,722,198
6158,056

13,779,947
117,413

2.65


For the nine months of


1967
$114,291,714
36,935,931
151s227,645

8,217,439
143,010,206

7,87S,897
50.817,992
1.168,145
59,862,034
83,148,172
2,008,979
81,139,193

96,734,129
7,939,631


45S196,616
2,870,109

2.39


1966
$129,094,798
28,712,957
157,807,755

8,068,604
149,739,151

7,787,676
45,427,818
766,282
53,981r776
95,757,375
2,015,417
93,741.958

90,916,968
16,400,66

42,800,553
2,875,413
2.77


UNITED STATES

Balance at the end of September


WESTERN DISTRICT


For the third quarter of
1967 1966
466S,07,317 $127,268,963
44,063p355 49,917,837
110,570.672 177,186,800

9,533,350 8-512,833
101,037.322 168,673,967

270,950 207,023
38,071,912 34,218,450
499,196 4740980
38.842,058 34,900,453
62,195,264 133,773,514
6,616,629 6,823,637
31 55,578,635 126,949,877

89,783,007 87,131,832
5,035,800 34.84S,235


54S598,673
1,839,492
2.60


57,543,574
1,924,451
4.83


Selected Liability Items


For the nine
1967
$220,201,725
149,315,239
369,516,964

26,001,782
343,515,182

710,710
111,999,287
1,407,970
114,117,967
229.397,215
19,999,341
3/ 209,397,874

268.428,848
29,292,747


195,679,900
12,009,983
3.01


months of
1966
$ 369,109,687
139,070,322
508,180.009

24,590,799
483,589,210

661,508
99,121P711
1,391,177
101,174,396
382,414,814
20,736o452
361,678,362

257,172,559
103,244,150

162,979,498
12,494,744

4.78


UNITED STATES
Balance at the end of September


1967
17. EXPENDITURES (GROSS) FOR ADDITIONS AND dETTERMENTS-ROAU ... $272,775516
18. EXPENDITURES GROSS) FOR ADDITIONS AN BETTERMENTS-EQUIPMENT 837,399,463
19. INVESTMENT IN STOCKS, BONDS, ETC., OTHER THAN THOSE UF
AFFILIATED COMPANIES (TOTAL. ACCOUNT 722) .............. 306,233,527
20. OTHER DEEHnHED CHARGES .......... ...................* ......* 178,610,073
* e e .* * *
21. CASH.......... ......................................... 272,453,646
22. TEMPORARY CASH INVESTMENTS .. ............................ 88,539,581
23. SPECIAL DEPOSITS .......... ...........**..*....************** 32,932,076
24. LOANS AND NOTES RECEIVABLE *...........*............******** 7,182,324
25. TRAFFIC AND CAR-SERVICE bALANCtS---UR..................**.** 67,103,589
26. NET BALANCE RECEIVABLE FROM AGENTS AND CONDUCTORS ***...... 324,620,443
27. MISCELLANEOUS ACCOUNTS RECEIVABLE *...*..... ........... ...j... ) 338,836475
28. INTEREST AND DIVIDENDS RECEIVABLE ......... .......*......... IS15840,353
29. ACCRUED ACCOUNTS RECEIVABLE ............ ........ .......*.... 471l925S137
30. WORKING FUND ADVANCES.................... .............. 10,184.702
31. PREPAYMENTS ..................................... ....*..* 17046*977
32. MATERIAL AND SUPPLIES .................................* ...5* 27,8087757
33. OTHER CURRENT ASSETS ....................................... 31,299,243

34. I01AL LUHRENT ASSETS .................................. 2,975,773,303


1966
$273*648,107
l,143,027,S 5
296,S86,797
161,057.593


333,147,140
1,202,099,168
38,471,992
22,063,970
50,538,883
307#593,247
297,356,593
27,063.993
427 102,461
12.211.084
17,570,865
499.49S5417
26,965,831

3,261,680,644


1/ Represents accruals, including the amount in default.
2/ Analysis of the net income for the third quarter in 1967 shows 43 carriers with a net income of $130,167,552
and 30 carriers with a net deficit of $52,258,659 as compared with the third quarter of 1966 which showed 57
carriers with a net income of $243,616,284 and 16 carriers with a net deficit of $15,957,168. Excluded from
the analysis are three roads whose net income (or deficit) was absorbed by the controlling company.
3/ Includes $2,492,000 Income Applicable to Nine Months ended 9-30-67 Transcontinental Divisions Case.


40. FUNDED DEBT MATURING WITHIN 1 YEAR 5/ ... $ 538,360,876

41 LOANS AND NOTES PAYABLE ,/ .............. 67,619,S94
42. TRAFFIC AMD CAR-SERVICE BALANCES--CR. ... 86,103,429
43. AUDITED ACCOUNTS AND WAGES PAYABLE ...... 303,399,257
44. MISCELLANEOUS ACCOUNTS PAYABLE .......... 166,804,568
45. INTEREST MATURED UNPAID ................. 41,368,871
46. DIVIDENDS MATURED UNPAID ............... 23,816,119
47. UNMATURED INTEREST ACCRUED .............. 97s665,945
48. UNMATUkED DIVIDENDS DECLARED ............ 34,7086632
49. ACCRUED ACCOUNTS PAYABLE ................ 909,365,741
50. FEDERAL INCUME TAXES ACCRUED ............ 100,773s570
51. OTHER TAXES ACCRUED ...................... 2960746,429
52. OTHER CURRENT LIABILITIES ............... 153.320,354

53. fOIAL LURRENT LIABILITIES .......... 2,281,692,509

54. ANALYSIS OF TAXES ACCRUED:
54-ul. U.S. GOVERNMENT TAXES .......... 166,392,993
54-02. UTHER THAN U.S. GOVFMNMENT TAXES 231,127,004
55. OTHER DkFERnED CREDITS ................... 241s378,428


$ 518,910,041


11,957,186
84,284,941
280,376*673
160,141,877
31,805,385
26.180,196
93 h25,010
31,951,413
823,822,111
194,909,078
295S420,324
158,375,545

2,194,849,739


259,7L6,586
230.612*816
292,722,060


4/ Includes $12,714,000 estimated Net Receivable as of 9-30-67 Transcontinental
Divisions Case.
5/ Includes payments of principal of long-term debt (other than long-term debt in
default) which becomes due within one year after close of month of report.
6/ Includes obligations which mature not more than one year after date of issue.


Income Items


I--


0
a




F B'




rr
j;I







INTERSTATE COMMERCE COMMISSION


Bureau of Accounts





SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS



FOR THE NINE MONTHS ENDED SEPTEMBER 1967 AND-1966


Page 2


District and railroad


NET RAILWAY OPERATING
INCOME


NET INCOME


FEDERAL INCOME
TAXES


DIVIDEND
APPROPRIATIONS


District and railroad


NET RAILWAY OPERATING
INCOME


1966 1967


1966 1967


United States Total .............$451,030,037

Eastern District Total .......... 116,536,598


Akron, Canton & Youngstown ......... 733,817
Ann Arbor ......................... 300,723
Baltimore and Ohio ................ 10,786,106
Bangor & Aroostook ................ 1,606,513
Bessemer & Lake Erie .............. 4,911,255
Boston & Maine .................... 361,503
Canadian Pacific Lines In Maine ... 247,716
Central Railroad Company of N.J. .. 6,388,041
Central Vermont ................... 1,020,812
Chesapeake and Ohio ............... 32,655,520
Chicago & Eastern Illinois ........ 873,658
Chicago & Illinois Midland ........ 422,194
Delaware and Hudson ............... 2,568,012
Detroit and Toledo Shore Line ..... 327,574
Detroit, Toledo, and Ironton ...... 1,903,469
Elgin, Joliet and Eastern ........ 2,158,271
Erie-Lackawanna ................... 1,652,334
Grand Trunk Western ............... 8,610,479
Illinois Terminal ................ 79,979
Lehigh Valley .................... 2,193,965
Long Island ....................... 5,821,878
Maine Central ................... 1,200,946
Missouri Illinois ................. 2,559,246
Monon ............................. 781,761
New York Central .................. 494,215
New York, New Haven & Hartford 2/ -17,220,699
Norfolk and Western ............... 78,465,256
Pennsylvania ...................... 6,021,867
Pennsylvania-Reading Seashore Lines 2,942,633
Pittsburgh & Lake Erie ............ 8,518,720
Reading Company ................... 1,664,702
Richmond, Fredericksburg & Potomac. 2,496,510
Western Maryland ................. 5,484,584





Southern District Total ......... 114,291,714


Alabama Great Southern ............. 1,675,930
Central of Georgia ................ 2,245,001
Cincinnati, N. 0. & Texas Pacific 5,757,796


$784,736,856

286,532,371


754,417
170,070
23,659,237
1,787,057
7,597,618
2,490,572
706,089
3,051,923
500,203
33,477,350
3,714,507
929,058
4,099,191
451,767
3,555,465
4,084,293
11,907,987
2,339,116
784,708
1,321,601
3,317,726
1,548,996
2,396,430
1,711,249
42,880,933
9,375,685
93,721,490
42,016,036
2,951,009
11,260,455
5,252,893
2,877,636
5,894,270





129,094,798


1/$342,228,759 $659,885,768


$48,641,884 $163,295,898 $382,782,217 $335,962,318


51,691,692 204,465,448 11,409,506 43,651,082 127,025,609 114,812,110


397,398
7,098
7,680,132
1,233,185
5,516,414
- 2,901,244

- 9,526,862
- 1,475,821
27,141,548
- 1,841,833
553,844
1,738,833
223,097
869,156
3,383,458
- 7,721,966
-14,944,401
356,155
- 2,963,095
- 5,506,448
120,237
2,092,596
237,429
- 2,639,324
-17,190,605
53,972,399
7,470,607
- 3,447,326
8,607,151
- 5,536,138
3,222,284
3,290,240


596,633
524,436
15,621,709
1,137,642
8,434,356
- 1,395,927

- 6,137,770
942,976
29,048,663
2,747,793
1,115,729
3,408,586
353,249
2,611,409
5,487,537
4,235,577
- 8,397,662
498,471
- 2,463,788
- 3,184,155
667,991
2,169,318
981,750
36,564,325
9,023,401
70,979,910
33,391,474
3,470,521
11,358,731
902,356
3,798,521
3,894,354


- 38,342

147,720

4,718,204
108,000

2,045

3,496,000

477,900

11,579

2,199,318






258,000

7,435,358
98,851
1,772,000
- 474,000

3,675,702
247,367
1,956,520
188,000


81,139,193 93,741,958 7,939,631


1,791,827 1,674,708 1,825,256 365,000
784,476 3,648,435 356,962 1,660,000
6,236,022 2,567,568 3,158,668 810,000


121,778

136,519

5,595,091
108,460

1,873

8,950,000

1,041,700
1,263,600
86,276

4,969,091
AA rlo


508,128


557,411
359,976




26,019,677


1,547,220
180,000


508,128


557,411
359,976




26,065,166


1,547,220
180,000
2,220,264


1966


Southern District Continued


Clinchfield ..........................
Florida East Coast ...................
Georgia Railroad, Lessee Organization.
Georgia Southern & Florida ..........
Gulf, Mobile and Ohio ................
Illinois Central ....................
Louisville and Nashville ............
New Orleans and Northeastern .........
Norfolk Southern ....................
Piedmont and Northern ................
Seaboard Coast Line I/ .............
Southern .................. ... ........


$7,709,671
- 107,159
766,397
447,069
7,747,474
14,028,389
21,663,071
767,390
216,603
804,628
24,161,051
31,792,543


Western District Total .............220,201,725


4, Atchison, Topeka & Santa Fe .......... 31,814,664
Chicago & North Western ..............- 3,886,246
110,000 Chicago, Burlington & Quincy ......... 10,236,267
Chicago Great Western ,............... -1,133,903
Chicago, Milwaukee, St.Paul & Pacific 6,297,430
519,905 153,991 Chicago, Rock Island & Pacific .......-13,366,561
427,000 6,327,300 Colorado and Southern ................ 803,467
1,105,468 141,905 Denver & Rio Grande Western .......... 9,856,426
- 6,886,789 16,157,726 14,563,333 Duluth, Missabe and Iron Range ....... 4,020,767
177,525 Duluth, Winnipeg & Pacific ........... 532,338
17,459,000 41,380,568 41,857,065 Fort Worth & Denver .................. -1,437,306
98,000 25,091,998 19,458,391 Great Northern ...................... 10,825,386
Kansas City Southern ................. 4,579,058
5,689,868 3,175,440 3,175,978 Lake Superior & Ishpeming ............ 680,405
246,074 Louisiana & Arkansas ................. 1,831,478
2,145,850 1,627,069 1,665,549 Missouri-Kansas-Texas ................ -3,153,263
1,936,000 2,357,723 2,357,733 Missouri Pacific .................... 24,317,932
Northern Pacific ..................... 5,962,908
Northwestern Pacific ................ 978,184
St. Louis-San Francisco ............. 11,485,390
St. Louis Southwestern .............. 19,587,325
Soo Line .............................. 1,649,594
16,400,666 48,066,725 45,675,966 Southern Pacific ..................... 35,295,077
Spokane, Portland and Seattle ........ 2,103,941
Texas & Pacific ...................... 3,340,431
545,000 896,828 896,828 Toledo, Peoria & Western ............. 403,569
912,000 Union Pacific ........................ 55,384,037
1,370,000 897,000 897,000 Western Pacific ...................... 3,149,298


$7,168,085
65,072
665,817
402,527
7,666,777
15,325,917
26,409,368
773,390
322,334
744,597
29,361,125
31,377,464


-$151,704

- 598,115
5,395,838
13,484,339
13,310,880
597,043
316,652
863,460
22,345,583
25,614,680


369,109,687 209,397,874


59,420,126 27,890,081
10,272,768 -7,786,393
20,744,191 5,635,265
1,194,792 -1,204,615
13,834,168 1-1,688,955
3,105,161 -13,227,019
1,039,594 622,279
10,760,912 7,848,815
6,848,317 5,425,289
1,088,390 195,904
863,979 -1,590,855
24,779,626 13,413,158
6,308,158 3,176,143
1,049,893 555,122
3,140,967 1,951,920
-3,798,137 -5,101,861
28,238,908 18,554,683
15,865,024 12,276,344
90,837 592,194
12,329,942 6,905,312
16,445,754 19,304,048
7,226,632 286,934
52,392,707 38,642,677
3,303,903 1,056,080
4,087,326 3,720,375
448,825 407,496
61,603,135 70,469,174
6,605,463 2,826,535


-$195,630

226,251
5,340,109
13,454,705
19,421,905
662,142
4,608
906,519
25,640,636
23,653,751


$443,615



1,252,000
2,008,678
-1,923,000
100,000

616,338
327,000
5,600,000


361,678,362 29,292,747


57,177,490
6,572,612
16,742,726
990,869
6,907,788
1,635,640
837,308
9,215,032
7,824,444
736,692
626,535
27,974,283
4,793,736
888,807
3,167,172
-5,620,539
15,453,798
23,418,305
431,403
7,553,951
16,212,586
5,532,246
60,039,875
2,423,192
2,701,114
504,471
80,622,371
6,314,455


273,983

-1,541,555



91,153
2,870,303
3,195,381
121,500

181,646
140,000
134,500
1,629,000

2,444,000
500,000
67,961
1,630,000
5,072,673
77,615
1,864,281
1,311,000
361,300
135,000
12,900,000
-1,873,242


$444,209


150,000
1,489,066
1,508,204
2,105,000


813,187
1 ,064,000
7,824,000


$2,149,547
7,205,120
7,425,971V



13,229,757
16,262,502


$1,865,861
5,754,019
7,417,581



12,649,407
16,195,270


103,244,150 207,689,883 175,474,242


17,164,194

4,001,418



43,131
5,113,200
4,859,799


10,514,000
1,075,000
146,000
716,000

4,967,000
3,124,000
46,473
2,958,000
6,665,621
1,667,999
14,100,123
1,444,000
257,400
295,000
23,700,000
986,854


32,686,219
205,547
9,396,129
685,768
4,769,522


5,252,102



13,848,460
22,538,807
251,028
15,811,627

6,959,164
11,762,743

5,576,677
2,282,768
1,898,864
30,534,215

1,935,908
225,000
37,765,314
3,304,021


32,667,858
573,210
9,396,129
685,768
4,762,847


5,288,941



13,841,856
3,687,594
251,650


6,927,021
11,773,853

5,152,105
2,282,768
3,987,614
30,534,208

2,302,072
337,500
37,817,596
3,203,652


Deficit or other reverse item.
1/ Includes $2,492,000 Income Applicable to Nine Months ended 9-30-67 Transcontinental
Divisions Case.
2/ Report of trustees.
3/ Includes combined figuresnine months of former Atlantic Coast Line R..R. Co. and
Seaboard Air Line R. R. Co.


1967


1966


1967


1966


1967


NET INCOME


1966


FEDERAL INCOME
TAXES


DIVIDEND
APPROPRIATIONS


0


GPO 935-540


LI k-- _






iW 1 z. 3f-;


Subject to rei


UNIVERSITY OF FLORIDA

I I I II I1111 III II II II llll |1 I
3 12621111111 088511111 5068 IIIIIIIINTERSTATE COMMERCE COMMISSION
Bureau of Accounts


6-CC~


Statement No. Q-125 (m)
Fourth Quarter 1967


SELECTED INCOME AND BALANCE-SHEET ITEMS OF CLASS I RAILROADS IN THE UNITED STATES


Compiled from 76 railroad reports, Form IBS, (Excluding Switching and Terminal Companies)
UNITED STATES
For the fourth quarter of For the twelve months of


1967
NET RAILWAY OPERATING INCOME ...................... *226f37T284
OTHER INCOME ...................................... 1610086819
TOTAL INCOME................................... 3673P60973
MISCELLANEOUS DEDUCTIONS FROM INCOME .............. 29s00p019
INCOME AVAILABLE FOR FIXED CHARGES ............. 338#375#954
FIXED CHARGES:
RENT FOR LEASED ROADS AND EQUIPMENT ........... 14p414 779
INTEREST DEDUCTIONS 1/ ......................... 101,0456 691
AMORTIZATION OF DISCOUNT ON FUNDED DEBT ........ ,l335281
TOTAL FIXED CHARGES ........................ 117s2031751
INCOME AFTER FIXED CHARGES ..................... 2210172, 203
OTHER DEDUCTIONS ................................. 8B6390903
ORDINARY INCOME ................................... 2120512,300
EXTRAORDINARY ITEMS-NET ........................... *.75,890,396
PRIOR PERIOD ITEMS-NET ............................ 51848,386
FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR
PERIOD ITEMS .................................... 587934812
TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS .... .229j835 822
NET INCOME 2 ......... ,................... T17 j23#522

DIVIDENDS ON COMMON STOCK ......................... 145,613,122
DIVIDENDS ON PREFERRED STOCK ...................... 9 a69326


20a RATIO OF INCOME TO FIXED CHARGES ..................

Income Account 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:
7. RENT FOR LEASED ROADS AND EQUIPMENT ............
8. INTEREST DEDUCTIONS 1/ .......................
9. AMORTIZATION OF DISCOUNT ON FUNDED DEBT......
10. TOTAL FIXED CHARGES .........................
11. INCOME AFTER FIXED CHARGES .....................
12. OTHER DEDUCTIONS ..................................
13. ORDINARY INCOME ...................................
14. EXTRAORDINARY ITEMS-NET ...........................
15. PRIOR PERIOD ITEMS-NET ............................
16. FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR
PERIOD ITEMS ....................................
17. TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS .....
18. NET INCOME 2/ ..................................

19. DIVIDENDS ON COMMON STOCK .........................
20. DIVIDENDS ON PREFERRED STOCK ......................

20a RATIO OF INCOME TO FIXED CHARGES ..................

Balance-Sheet Items Current Assets


CASH ..............................................
TEMPORARY CASH INVESTMENTS ........................
SPECIAL DEPOSITS ..................................
LOANS AND NOTES RECEIVABLE ........................
TRAFFIC AND CAR-SERVICE BALANCES--DR...............
NET BALANCE RECEIVABLE FROM AGENTS AND CONDUCTORS
MISCELLANEOUS ACCOUNTS RECEIVABLE .................
INTEREST AND DIVIDENDS RECEIVABLE .................
ACCRUED ACCOUNTS RECEIVABLE .......................
WORKING FUND ADVANCES .............................
PREPAYMENTS .......................................
MATERIAL AND SUPPLIES .............................
OTHER CURRENT ASSETS ..............................
TOTAL CURRENT ASSETS ...........................


1966

$566 4663,904
125,924 467
39018805391
23,753,0*3
366,435,3468

93, 360 929
171018493
110,610 579
255,824,769
9,333,562
246 491,207
0
0


1967


1966


t677.*09o.S1 *1,049,200,760
487,s4,6tS2 199,0810086
.13t4,9l9'971 1,*9'5011,s14
84,2810854 786.00,599
1,050,6408919 1,37053911649


599002,272
39b,755 155

460,922,900
5890726,019
34,984#960
556741,059
-272,876* 88
45,10t6f44


0 5,793,812
0 -233,1590526
246,491,207 321,581,533


60,2468905
361,108,739
5,0863067
426#449,961
9446087,288
$7,710o,31
90613764975
0
0

0
0
906,176s975


155,639,949 512,865,88 475.592,458
9OTI*,074 24. ST7R TTSiesT3

.i31 2,28 3.21
SOUTHERN DISTRICT


For the fourth quarter of For the telve months of
1967 1966 1967 1966
$4909915818 $5400959708 $16402823972 $1831190,506
19,026,428 17727,837 95,962,17 460440,794
69,018,286 71,823,945 220;249;929 229,6311.00
1',047205 3606,887 11,264,647 11#675,490
659971#081 68,216,658 208,98.182 2170959,810


2,681,368
17,2859927
3962,u
20,365*,26
45,605,995
660#324
44,940,231
2160596
4#781,415
1,276,7135
5,721,276
48,661,507


2,862,039
161358,553
669,582
19.890,174
48,126,484
669,173
47,657,311
0
0


10,#57.265 10.649,715
685103,914 61,786,170
4,5049-.7 6 1,435#,66
80,227,155 73,871,951
128,79?,727 144,083,859
2,674,303 2,684,990
126,079.424 141,399,269
216,996 0
4.781,415 0


0 1,276,715
0 3,721,276
47,657,311 129,800,700


UNITED STATES
Balance at the end of December
1967 1966
$301,1,0,991 $33415060968
908,s941,02 1,171,0427000
39;,92,049 51,614,921
8,962,$85 65979,742
63,399,*98 51#868,759
327,9292,75 297,652,301
139,189,179 319,418,219
18,6b38976 231026#622
4955544,706 435,078,072
7.8404667 11#607,998
18,813,972 15#316,0M5
498.209,646 500,254,445
409,32,158 495671,896
3,093,467,801 ,S263,659,156


0
0
141,399,269


EASTERN DISTRICT
For the fourth quarter of For the twelve months of
1967 1966 1967 1966
*590045,819 l101 3800018 $175,150.417 4S7,91t,8)19
5)9169,199 47,808,512 184.216,994 154,1111,10
11,001l3018 149116ss.50 $59,617,411 5642044,19
1008115917 9,048,307 11,s68328 6 111,3647
102,2019501 140,140,223 327,949,083 51090T,768

11,484.597 12s462,896 47,4485483 468,731410
459523,606 42,0559940 1708007.796 165256$4222
372,087 578,260 1,626,164 1,7810,67
57,#80,290 5590971096 227,119,443 2150774,305
44,821,211 85 043s127 100,829,640 295),13,417
1,4191307 1,861,064 9,7210644 7,48,9496
41,405s904 83,182,063 95,097,596 287,647, 11
4705,788,489 0 .-27O 788,489 0
,P180,917 0 5,10,917 0


586,34P 0 586,345
*T1?P193I9l7 0 -271,193,917
ia27?780,011 8311820063 *176,096,121


0
0
287,64670 11


55.5464y46 68,444,757 181,922,345 182,6 ,2
I Fy, Sk1IM 004 17;r64i _

1,70 2,54 1.44 2.37
WESTERN DISTRICT
For the fourth quarter of For the twelve months of
1967 1966 1967 1966
6117,339,607 I10l981SiS78 (317'5l1,032 8t71,097,6ll
6800100068 60,1880158 217,t5,101 199,IS,*60
18,0114,669 169,176,316 384,166,613 670,962,311
15,16 6297 11097,849 *C,1l68I 79 35;6118866
170,203,372 158,078,467 513,7158#,5 641,667,677

2480*14 206,222 95942 4 867g710
5as644,158 34,96,4616 10,643,.445 114,060,167
5664963 470,651 1,972,9 3 1,861,118
39,4570930 315,69S309 153,975902 136#797170t
130,745,47 122,455,158 160,162#652 506,869,972
6*579,272 6,803,323 26,5786013 27T599T777
124,166,165 115,651,833 333,564.~s 9 477,330,199
.818,501 0 2,095,535 0
41,8860054 0 35,548,012 0

1,930,732 0 31930,712 0
57,6360819 0 3413,%115 0
16*1802,964 115,65l,833 367,877,5l 477,3)0*199

68661P0829 62,419#183 264,295,730 225191.4681
8197T822 8,680,374 20,207,805 21#t7,sll8

4V31 4 44 3935 4, 9


Balance-Sheet Items Current Liabilities UNITED STATES
Balance at the end of December
1967 1966
. LOANS AND NOTES PAYABLE 3/ .............. $8$56599821 $13 19),896
. TRAFFIC AND CAR-SERVICE BALANCES--CR. ... 98,224,208 684919,670
. AUDITED ACCOUNTS AND WAGES PAYABLE ...... 124,7200S61 321,061,8 9
. MISCELLANEOUS ACCOUNTS PAYABLE .......... 164,115,067 164,209,904
. INTEREST MATURED UNPAID ................. 400,94,266 41,p02,724
. DIVIDENDS MATURED UNPAID ................ 21,346,303 18,211,427
. UNMATURED INTEREST ACCRUED .............. 108#670,8436 99,504,145
SUNMATURED DIVIDENDS DECLARED ............ 395119,568 34.614,908
. ACCRUED ACCOUNTS PAYABLE ................ 910,347,907 871,215,514
. FEDERAL INCOME TAXES ACCRUED ............ 126,2161999 194,903,988
. OTHER TAXES ACCRUED .................... 275T3 7114 2786,49,373
. OTHER CURRENT LIABILITIES ............... 156,92S,995 1 613L8160
TOTAL CURRENT LIABILITIES ............ 23191P19,65 212780027,258


UNITED STATES
Balance at the end of December
1967 1966


EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-ROAD ..................... $373,746,062
EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-EQUIPMENT ................1,148,340,572
INVESTMENTS IN STOCKS, BONDS, ETC., OTHER THAN THOSE OF AFFILIATED COMPANIES. 308,378,568
OTHER DEFERRED CHARGES ...................................................... 131,770,192
EQUIPMENT OBLIGATIONS AND OTHER DEBT DUE WITHIN ONE YEAR 4/.................. 525,561,825
ANALYSIS OF TAXES ACCRUED:
U. S. GOVERNMENT TAXES ................................................... 189,513,617
OTHER THAN U. S. GOVERNMENT TAXES ....................................... 212,276,896
OTHER DEFERRED CREDITS ............................................ ....... 224,511,192


$398,604,138
1,564,423,807
307,104,280
135,441,240
530,641,541
260,789,766
212,663,595
230,200,878


1/ Represents accruals, including the amount in default.
2/ Analysis of the net income for the fourth quarter in 1967 shows 55 carriers
with a net income of $278,678,450 and 18 carriers with a net deficit of
$296,001,972 as compared with the fourth quarter of 1966 which showed 58
carriers with a net income of $266,488,738 and 15 carriers with a net
deficit of $19,997,531. Excluded from the analysis are three roads whose
net income (or deficit) was absorbed by the controlling company.
2/ Includes obligations which mature not more than one year after date of issue.
4/ Includes payments of principal of long-term debt (other than long-term debt
in default) which becomes due within one year after close of month or report.


Income Account Items


(3
tej




1r
s
*4 ,~


21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.


Selected Assets and Liabilities


L


1;0 4#220 t 0 696 3 2 9 109













INTERSTATE COMMERCE COMMISSION


Bureau of Accounts




SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS


FOR THE TWELVE MONTHS ENDED DECEMBER 1967 AND 1966


Page 2


District and railroad


NET RAILWAY OPERATING
INCOME


1967


1966


NET INCOME


1967


1966


DIVIDEND
APPROPRIATIONS
1967


District and railroad


1966


NET RAILWAY OPERATING
INCOME


1967


1966


NET INCOME

1967


DIVIDEND
APPROPRIATIONS
57 1966


1966


United States Total ............. $6770405,321

Eastern District Total .......... 175,580,417


Akron, Canton & Youngstown ........
Ann Arbor ........................
Baltimore and Ohio ................
Bangor & Aroostook ................
Bessemer & Lake Erie ..............
Boston & Maine ....................
Canadian Pacific Lines In Maine ...
Central Railroad Company of N.J.1/
Central Vermont ...................
Chesapeake and Ohio ...............
Chicago & Eastern Illinois .......
Chicago & Illinois Midland ........
Delaware and Hudson ...............
Detroit and Toledo Shore Line .....
Detroit, Toledo, and Ironton ......
Elgin, Joliet and Eastern .........
Erie-Lackawanna ...................
Grand Trunk Western ...............
Illinois Terminal .................
Lehigh Valley .....................
Long Island .......................
Maine Central .....................
Missouri-Illinois .................
Monon .............................
New York Central ..................
New York, New Haven & Hartford j/ .
Norfolk and Western ...............
Pennsylvania ......................
Pennsylvania-Reading Seashore Lines
Pittsburgh & Lake Erie ............
Reading Company ...................
Richmond, Fredericksburg & Potomac.
Western Maryland ..................


1,0386074
378,144
14,790,031
1,623,120
7385,6310
695~315
"1,9406
*9,381,292
*1,037,164
400500,418
1,0521,911
795~970
3,399,827
571,663
2,295,901
38680,989
.207,778
.9,365,070
-712,271
.2,613,245
l10,137s182
1,713,901
$,979,318
1,284,533
3105 ,989
-20,179,369
104,770#290
14,469,085

S1l761,473
.1,6723546
1,229,929
7,791,211


Southern District Total ......... 164,213)~72


$1,049o200#760

387p912,389

1,045,774
.287,853
30,204p409
21006,679
1014667t48
2a8471379
4971279
.4,853,386
8786342
47,6351501
4;091#787
1L,94,218
Sa764t226
661#8z3
647770553
59,63,339
16M9811596
-40107,B10
954,115
:1#3660421
.4332,054
Z4104#741
30937,995
2,615,223
57,1301236
.13,043,534
1268518,036
56,526,397
wa,603,409
%41886,414
7,732,066
4,#335,49
8#3040315


$321,581,533

.176,096,321

561,311
.40,125
14,164,436
883,762
8,119,439
-3,417,243
0
.13,616,414
*1 541,399
41,144,144
-3 873,782
1,007,494'
2,313,466
422,2 2
990,161
5.991,973
-4-16 Ifis


.1:i


l8i3190406 1;


Alabama Great Southern ............ 26251#16 1,751,455
Central of Georgia ................ *1651,925 9480767
Cincinnati, N. O. & Texas Pacific 1,318,11 9,579,675


Deficit or other reverse item.
/ Report of trustees.
2/ Includes combined figures, twelve months of former Atlantic Coas


Seaboard Air Line R. R. Co.


69061,76,975


0537,824,666 501,526,341


287,1b64711 182,749,389 183,444,871


806,833
-7?6,170
21,941,328
983,001
11,275,608
-.1,41,842
0
-7,451,052
-1,691,068
44,609,425
2,853,372
1,563,765
4,875,378
528,223
3,489,394
7,232 140


508,128
0
0
593,373
8,919,976
0
0
0
0
34,371,366
0
1,0001000
1l547,220
240,000
0
6,000,000


508,128
0
0
593,373
7,919,976
0
0
0
0
34,754,409
0
1,500,000
3,094,440
240,000
2,220,264
7,000,000


Southern District Continued


Clinchfield ....................................... $10 199,499 $10,093,058 0 0 0 0
Florida East Coast ............................... 22,861 220,568 $72,145 $85,279 0 0
Georgia Railroad, Lessee Organization ......... 867,045 985,939 0 0 0 0
Georgia Southern & Florida .................... 669,110 716,792 464, 02 502,6 0 :0
Gulf, Mobile and Ohio ......................... 10#422,881 10,218,471 8,2671,72 7,207,190 $3, 1,392 $3,00,613
Illinois Central .............................. 21,346321 25 06)3,79 25,364,070 23,340,996 9,609,6* 7#673 067
Louisville and Nashville ..................... 31,410g,79 38,201,619 19,9080,22 28,516,789 12,374,144 14,6838,91
New Orleans and Northeastern .................. 99.,377 996,806 8290,21 879,$38 8 0,000 0
Norfolk Southern ............................... 5t951 345, 4 .16,982 .103,934 0 0
Piedmont and Northern ......................... 10087,920 1,07~1,16 1,414,2$ 1,248,308 772,614 540,829
Seaboard Coast Line 2/ ........................... 29,91,l111 40,2085679 27,289,196 38,162,288 18,023l693 19,101,173
Southern ...................................... 47,500003 42,710t738 39,494,434 33,8594954 21,68,32) 21,811,149


Western District Total ...................... 337,41,332 478,097,865 367,877,154 477,330,199 2840,03,0590 46,#73799


10LU1BZ ll 0EB z66 69 0 0 Atchison, Topeka & Santa Fe ...................
17,944,404 -12,294,242 0 0 Chicago & North Western .......................
.1,107,449 5911535 110,000 0 Chicago, Burlington & Quincy ..................
.*3,37,t 16 -i2868,617 0 0 Chicago Great Western .........................
10,380,360 -4,150,795 0 0 Chicago, Milwaukee, St. Paul & Pacific ........
323472 1,010,488 519,905 284,343 Chicago, Rock Island & Pacific ................
2,943,174 ),017846 6,327,300 0 Colorado and Southern .........................
1,620,277 51164,297 1,480,402 141,905 Denver & Rio Grande Western ...................
24,663175b Q0,110,679 21,'559198 21,661,104 Duluth, Missabe and Iron Range ................
19, 1J3911 411;345023 0 0 Duluth, Winnipeg & Pacific ....................
72r607,003 97,822,639 5510964295 60,301625 Fort Worth & Denver........................
15,433,407 45,055,320 33,493,708 $1,96#,562 Great Northern ................................
,3D05 7*6 -4,292,800 0 0 Kansas City Southern ..........................
12,860,694 19,142,904 4,939,535 4,940,143 Lake Superior & Ishpeming .....................
*1,443,523 1,733,320 0 0 Louisiana & Arkansas ..........................
4,389,255 ,938,993 2,902,353 2,977,247 Missouri-Kansas-Texas .........................
4,8589519 5,604,363 3,143,630 3,322,352 Missouri Pacific................. ... ......
Northern Pacific ..............................
Northwestern Pacific .........................
St. Louis-San Francisco .......................
St. Louis Southwestern ........................
Soo Line ....................................
29,800,700 141,399,269 70,571,742 71,507,671 Southern Pacific ..............................
Spokane, Portland and Seattle .................
Texas & Pacific ...............................
2,8665776 2,256,007 1,233,139 1,233,139 Toledo, Peoria & Western ......................
15,443 116,059 0 0 Union Pacific .................................
4,002j272 5,253,060 2,556,775 2,556,775 Western Pacific ...............................


50#750#447
-9.$56,406
18,756,621
-783,530
11,439,685
.14,048,747
1,453,72$
13,958,237
4,280,043
957,659
-246,044
150091,981
15986,334
918,306
2o645,444
.5-1500959
33,649,196
13M3256968
-681,652
16,921,963
2686786304
4,616,207
52,521,146
2,396,919
,S296,227
5359394
81,457,919
3,999,247


78,882,930
13,)071615
28,706,365
1,6596331
16,343,745
1,228,234
1,370,665
14,939,990
6#777,875
825,992
1,456,051
32,287,899
?,179,907
1,164,455
4,3589941
-.53359,47
36,118,083
21,040,919
.949,608
17,529,313
21,560,826
9,101,646
62,060,145
4,724,263
5,004,496
6490502
866256,448
8,344,284


593o,58360
3,S57,671
14,250,549
991,480
1299559925
*16b676,797
1,309,407
11,250,254
6,081.697
22,859
.496,894
19,323,461
4 064,591
802,513
2,10816812
.10,421 550
32,8492,33
23455,7695
.242J556
115l5,l077
26,355p998
2,696,444
54,t17.#61
1,118,565
4,982,469
860,9682
102I133,037
4,465,953


t Line R. R. Co. and


84,750,961 45,694,236
68,281970 10,966,205
2s,610,92 12,811,903
1,196,09 6 914397
80129,944 4,7689,2
-.,6800791 0
1,314,816 :?7,T86
12,195,409 7i007664t
8,193,757 10,000,000
166,725 -- 0
1,08039)3 0
36,54709 109 .1465,663
6,166,447 23,768I005
9141p3' 334,107
4#464,794 1 et111627
*7134019i9 0D
; 1706,096 .,4,290
30,673,991 r' 10667,486
.393,124 0
11,71 6 57 .044
22,341,896 i s
6,532,4859 64
74,391,706 762
3,671,699 0
S,465,235 W 908
750,260 0 .- 9P500o
109,791,622 a 99W 7
8,636,777 ., .. 94



S .


48,*10,1I8
4Ii| Opla,
120 1i t*
4,76t(i4T

7,086,911
9,L00,000
0
0
115,45*,55
41845659t
33,#$26


15,696,550
0
6958,00
67,171,190
3,9867,614
40,71,2160
0
2,302,072
495 000
47,912,941
4|,04,618