Selected income and balance-sheet items of class I railroads in the United States - 1968

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Material Information

Title:
Selected income and balance-sheet items of class I railroads in the United States - 1968
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:
1968
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_00013
Classification:
lcc - HE2713 .Un321
ddc - 385.13 fU567s
System ID:
AA00000588:00013

Related Items

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

Full Text


22C l, s
object to revisit


SELEC

UNIV. OF FL LIB.



AUG -3

---. NET R
U.S. DEPOt 1TORY 2. OTHER
3. TO
4. MISCE
5. IN
6. FIXED
7. RE
L0 O 8. IN
9. AM
10.
11. INC
12. OTHER
13. ORDIN
i 1 14. EXTRA
196 15. PRIOR
cn 16. FEDER
PER
17. TO
18. NE


UNIVERSITY OF FLORIDA

I11lll1111IIIIIIlllIIIIIlIIIIIlIl INTERSTATE CO ERCE COMMISSION
3 1262 08851 4913 Bureau of accounts



TED 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 Account Items


AILWAY OPERATING INCOME ......................
SINCOME ......................................
TAL INCOME ...................................
LLANEOUS DEDUCTIONS FROM INCOME ..............
COME AVAILABLE FOR FIXED CHARGES .............
I CHARGES:
NT FOR LEASED ROADS AND EQUIPMENT ...........
TEREST DEDUCTIONS L/ ........................
ORTIZATION OF DISCOUNT ON FUNDED DEBT ........
TOTAL FIXED CHARGES .........................
COME AFTER FIXED CHARGES .....................
SDEDUCTIONS ..................................
ARY INCOME ...................................
ORDINARY ITEMS-NET ...........................
SPERIOD ITEMS-NET ............................
AL INCOME TAXES ON EXTRAORDINARY AND PRIOR
IOD ITEMS ....................................
TAL EXTRAORDINARY AND PRIOR PERIOD ITEMS .....
T INCOME 2/ ..................................


UNITED STATES
For the first quarter of


$147,953,915
110,3604993
258,258,908
20,958,955
237,299,953

14,844,230
103,564,039
1,186,698
119,594,967
117,704,986
8,235,736
109,469,250
216,292
0


EASTERN DISTRICT
For the first quarter of
1968 1967


1967

$145s352*018
116,503,106
261,858,124
18,392s359
2413462,765

140754s385
97,134,732
1,211#573
113,1060690
130,362s075
8*671#617
121;690*458
0
0


$23,679s503
47,217,956
70,897,459
7,316,684
63,580,775

11*994,215
46,863,299
377,089
59,234#603
4,346,172
1,419,290
2,926,882
97,659
0

0
97,659
3.024,541


0 0
216,292 0
109,685,542 121,690,458


$32.579,403
4792959920
79,875,323
6,443,199
73,432,124

11,892,728
43,930#407
390,508
56,213S643
17,218,481
1.443,283
15#775.198
0
0

0
0
15,775,198


19. DIVIDENDS ON COMMON STOCK ......................... *107,648,935 **114,780,082
20. DIVIDENDS ON PREFERRED STOCK ...................... 8,641,317 8,704,429


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


SOUTHERN DISTRICT
For the first quarter of
1968 1967


537,670*700
13,258,731
50,929,431
2,362,172
48,567,259

2,677,945
17,716,842
357,499
20,752,286
27,814*973
668,654
27.146s319
0
0

0
0
27,146,319

15s122,260
2,362,298

2.34


$40#853s259
12*909,964
3,763s223
2,526,757
51,236,466

2,617,420
16,764,881
383,894
19,766,195
31,470,271
670,456
30.799,815
0
0

0
0
30,799,815

14,512,041
2,367,346

2.59


UNITED STATES
Balance at the end of March
1968 1967


CASH .............................................. 275,431,825
TEMPORARY CASH INVESTMENTS ........................ 844,383,231
SPECIAL DEPOSITS .................................. 51,664,449
LOANS AND NOTES RECEIVABLE ....................... 9, 188,054
TRAFFIC AND CAR-SERVICE BALANCES--DR .............. 70,232,136
NET BALANCE RECEIVABLE FROM AGENTS AND CONDUCTORS 326,176,516
MISCELLANEOUS ACCOUNTS RECEIVABLE ................. 349,028#232
INTEREST AND DIVIDENDS RECEIVABLE ................. 17,648*093
ACCRUED ACCOUNTS RECEIVABLE ........................ 493,551,500
WORKING FUND ADVANCES ............................. 7,481,181
PREPAYMENTS ....................................... 17,213,944
MATERIAL AND SUPPLIES ............................. 520,731,280
OTHER CURRENT ASSETS .............................. 44,787,207
TOTAL CURRENT ASSETS ........................... 3 027,517,648


Selected Assets and Liabilities


39,857,572 47,483,408
231,039 231,039

L107 1.31
WESTERN DISTRICT
For the first quarter of
1968 1967


$86s603.712
49,828,306
136s432,018
11,280,099
125,151,919

172,070
38,983,898
452,110
39,608,078
85,543,841
6,147,792
79s396,049
118,633
0

0
118#633
79,514,682


$71,919,356
560297,222
128,216,578
9,422,403
118,794,175

244,237
36,439,444
437,171
37,120,852
81,673,323
6,557,878
75*115,445
0
0

0
0
75,115,445


*52,669,103 **52,784,633
6,047.980 6.106,044

3.16 3.20


Balance-Sheet Items Current Liabilities


$298s390,705
979#516,052
51,143,444
12#005,668
64,304,986
300#696,048
334#734,622
20*315,386
435*892*952
11,744,887
16#617#717
540,629,757
360995,292
3#102,987,516


UNITED STATES
Balance at the end of March
1968 1967


EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-ROAD ..................... $71816,621
EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-EQUIPMENT ................ 246,919,982
INVESTMENTS IN STOCKS, BONDS, ETC., OTHER THAN THOSE OF AFFILIATED COMPANIES.314, 983 581
OTHER DEFERRED CHARGES ........................... ........................... 150228 857
EQUIPMENT OBLIGATIONS AND OTHER DEBT DUE WITHIN ONE YEAR / ............... 532, 077,679
ANALYSIS OF TAXES ACCRUED:
U. S. GOVERNMENT TAXES .......................... ........................ 202,155,784
OTHER THAN U. S. GOVERNMENT TAXES ........................................209,881,747
OTHER DEFERRED CREDITS ......................................................237P971,058


$75#811,890
330O309,130
310#115,030
156,912,921
546,296,872

246*162,005
204*806,160
232,057,469


UNITED STATES
Balance at the end of March


LOANS AND NOTES PAYABLE ../.............. $45,016*793
TRAFFIC AND CAR-SERVICE BALANCES--CR. ... 85,774*206
AUDITED ACCOUNTS AND WAGES PAYABLE ...... 325,658,118
MISCELLANEOUS ACCOUNTS PAYABLE ......... 161,176,443
INTEREST MATURED UNPAID ................. 53,381*139
DIVIDENDS MATURED UNPAID ............... 19,608,802
UNMATURED INTEREST ACCRUED .............. 96,427,254
UNMATURED DIVIDENDS DECLARED ........... 37, 259, 160
ACCRUED ACCOUNTS PAYABLE ................ 939#105,603
FEDERAL INCOME TAXES ACCRUED ........... 134,829*262
OTHER TAXES ACCRUED .................. 277,208,269
OTHER CURRENT LIABILITIES ................ 166,120*375
TOTAL CURRENT LIABILITIES ............2, 341,565,424


1967

$20,119,205
78*807,715
314 605s271
151,7819594
54,307,710
20#8740830
89,242*451
39,856,024
8820983,462
178#973)350
271,994,815
151,452,602
2s254,999,029


* Includes $2,167,255 dividends on class A stock, neither classified as common or preferred.
** Includes $2,317,159 dividends on class A stock, neither classified as common or preferred.
1/ Represents accruals, including the amount in default.
2/ Analysis of the net income for the first quarter in 1968 shows 54 carriers
with a net income of $146,389,484 and 20 carriers with a net deficit of
$36,703,942 as compared with the first quarter of 1967 which showed 49
carriers with a net income of $154,794,727 and 25 carriers with a net
deficit of $33,104,269. Excluded from the analysis are three roads whose
net income (or deficit) was absorbed by the controlling company.
3/ 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.


Statement No. Q-125 (IS)
First Quarter 1968







INTERSTATE COMMERCE COMMISSION


Bureau of Accounts




SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS


FOR THE THREE MONTHS ENDED MARCH 1968 AND 1967


Page 2


District and railroad


NET RAILWAY OPERATING
INCOME


NET INCOME


DIVIDEND
APPROPRIATIONS

1968


District and railroad


NET RAILWAY OPERATING
INCOME


1968


NET INCOME


1967


DIVIDEND
APPROPRIATIONS
1968


United States Total ............. $147,953*915


$145P3522018


$109s685 542


$121,690,458


S116>.290s252


$123,484,511


Southern District Continued


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. 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 ....................... .....
Monongahela Ry. Co. ...............
New York, New Haven & Hartford 1/
Norfolk and Western ...............
Penna.-New York Central Tptn. Co.2/
Pennsylvania-Reading Seashore Lines
Pittsburgh & Lake Erie ..........
Reading Company ...................
Richmond, Fredericksburg & Potomac.
Western Maryland ..................





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


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


2)3679,503


318,612
-21,887
-11187
154,458
652,113
-1*049,524
1550686
-1,851s477
-261*993
9,871,169
-482,516
128,856
860,882
136,287
1,2024465
987,200
-3,084,392
-lj178,792
-201,810
-1,487,628
-2*794,682
442#707
1*128*293
413P563
194*454
-6*852,111
24;605S198
-2*932*297
-956*570
2*796,483
371*009
698,861
1,728*073




37*670#700


822*467
231,093
2*678*002


32,579,403 3*0240541 15,775,198 40,088,611 47,714,447


268,940
-91,728
4,165,309
580.701
501.307
527,507
378,708
-2,282#345
-750756
9,988,000
-822#028
178,790
782#719
192,300
948,633
637o389


193,825
-148,944
-3,0000335
-241,673
730#421
-1,993.628
0
-2,651,731
-414,840
7,240,839
-906,130
172,935
548,239
90*004
868,947
1,277,571


148,815
-206,895
2,489,705
871,249
642,395
-615,761
0
-3,224,639
-229,332
7,983,470
-1*116,466
223,076
569,454
151*394
582,236
957*976


508,128
0
0
0
149,988
0
0
0
0
8,688,726
0
0
0
60*000
0
0


508,128
0
0
0
149,988
0
0
0
0
8,686,659
0
0
1,547.220
60,000
0
0


Clinchfield ..................................... 2,339, 305
Florida East Coast ............................ 84,704
Georgia Railroad, Lessee Organization ......... -21,981
Georgia Southern & Florida .................... 346,080
Gulf, Mobile and Ohio ......................... 2*679,477
Illinois Central .............................. 2*215,982
Louisville and Nashville ...................... 6.608*583
New Orleans and Northeastern .................. 320*341
Norfolk Southern .............................. 239,774
Piedmont and Northern ......................... 2434646
Savannah & Atlanta Ry. Co. ..................... 200*253
Seaboard Coast Line ........................... 7,235,420
Southern .......................................11447554


Western District Total ...................... 86,603*712


255,967 -5,8344764 -Il518098 0 0 Atchison, Topeka & Santa Fe ................... 12,046.017
-2,930*805 -3,457*524 -4,815*333 0 0 Chicago & North Western ....................... 553*014
29,036 -297#025 -73,229 0 110,000 Chicago, Burlington & Quincy .................. 3686,293
-974p717 -1,959,556 -1i425,124 0 0 Chicago Great Western ......................... 340740
-2,610,181 -2,635,482 .2,064,318 0 0 Chicago, Milwaukee, St. Paul & Pacific ....... 2,211,770
516,016 750725 159,684 9,976 9,976 Chicago, Rock Island & Pacific ................ 1529,285
912,126 907#058 802*872 1,000,768 6,327*300 Colorado and Southern ......................... 746,613
312,628 234,060 102,079 0 357,114 Denver & Rio Grande Western ................... 3364,066
230,430 105#713 101*236 0 0 Duluth, Missabe and Iron Range ................ -969*750
-5,728,089 -6,469s261 -5,771,253 0 0 Duluth, Winnipeg & Pacific .................... 536,511
25,066,779 16,170,786 18,569,850 13,473,728 13,833,420 Fort Worth & Denver ........................... 910,611
-2*470 575 1,026,112 895,487 13,826,339 13,743.771 Great Northern ................................ 3,165.577
-844,875 -1.126,942 -1,006*551 0 0 Kansas City Southern ......................... s1830,322
2,181,927 2*776*969 2.257,778 1,058,457 1,058,490 Lake Superior & Ishpeming ..................... -898853
121,044 -380*704 -1,451,852 0 0 Louisiana & Arkansas .......................... 823,996
824,589 1,041*057 1,091,797 526,593 536,473 Missouri-Kansas-Texas ......................... 718*546
1*809,657 1,082,819 1,193,496 785,908 785,908 Missouri Pacific ................................... 7102,051
Northern Pacific ............................... 905 318
Northwestern Pacific .......................... 173.883
St. Louis-San Francisco ....................... 4,320#109
St. Louis Southwestern ................ ........ 77240023
Soo Line ..................................... 2,564,451
40.853#259 271460,39 30*799s,815 17,484*558 16,8790387 Southern Pacific .............................. 16, 144,281
Spokane, Portland and Seattle ................. 996,641
Texas & Pacific ............................... 1,143,734
479,692 654#687 407,081 0 0 Toledo, Peoria & Western ..................... 181625
-473*478 -261,379 -943,084 0 0 Union Pacific ................................ 16,578298
1I694,076 1,546,101 625,356 0 0 Western Pacific ............................... 1,233,110


$ 2,356875 $ 0 $ 0 $ 0
8,597 1370162 207,293 0
307,137 0 0 0
13,988 308*377 .30*749 0
2,461.722 1,844,332 1,794,609 726,761
3,853,295 4,0300975 3,9399211 2,404,965
7,783,145 4,937,686 5*0574550 2*475*729
238,676 280,281 197,458 0
128*162 70,561 .43,874". 0
246,702 261#934 267;,8i2 154,522
235.920 170,526 21288'. : 0"
10,889.544 5,205,091 10,758,574'- A' 794*,289'
10,629s,206 7,959,985 8,349,705 ".6-92t.292-


. $ 0
0
0

714,870
2,400,540
2*474,078
0
0
1540522
0
4.219,910
6,915,467


710919,356 79,514,682 75.115,445 58,717,083 58,890,677


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


10,929s569
-1,381,251
2.239,919
204*023
640,080
-1.876*387
646,166
2,643,866
-736,980
437,111
819,840
3,243,453
966,560
-929*406
825,744
11,548
5,178*847
2,617,920
241Z794
2,389,726
7,868,539
1,927,300
17,729,365
528#820
1,020,627
194,356
20,325o443
808,090


8,767,322
-2.803,622
2,561,244
135,384
-491,154
-699,896
74#835
2,641,689
-971,673
291*426
-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


9,864,816
790,709
2,562,581
228,589
2,593,260
0
0
1,755,968
0
0
0
4,617,278
1,229,198
83,527
0
0
2,167,255
3,893*993
0
1,884,752
994s185
1,265,909
10,856*546
0
0
112,500
12,714,618
1,101,399


9,859,234
18,444
2.562,581
228,589
4,768,856
0
0
1,748,108
0
0
0
4,615.632
S1229 198
83#676
0
0
2*317,159
3,924,772
0
1,769s038
994#185
1,898,864
10,178,072
0
0
0
11,593,156
1*101,113


Deficit or other reverse item.
1/ Report of trustees.
2/ Includes New York Central and Pennsylvania, which


GPO 944.097


merged February 1, 1968.





rKc


/siza 3?0/


subject to revisit
Subject to revisi(


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)
UNITED STATES


Income Account Items


UNIV. OF FL LIU



AUG DEPO



u.s. 0DErO TORY


For the second quarter of


1968
1. NET RAILWAY OPERATING INCOME ...................... $207,472,494
2. OTHER INCOME ...................................... 110,095,815
3. TOTAL INCOME ................................... 317,568,309
4. MISCELLANEOUS DEDUCTIONS FROM INCOME ............. 20,891,925
5. INCOME AVAILABLE FOR FIXED CHARGES ............. 296,676,384
6. FIXED CHARGES:
7. RENT FOR LEASED ROADS AND EQUIPMENT ............ 15,232,783
8. INTEREST DEDUCTIONS _/ ........................ 105,515,431
9. AMORTIZATION OF DISCOUNT ON FUNDED DEBT ........ 1,186,813
10. TOTAL FIXED CHARGES ......................... 121,935,027
11. INCOME AFTER FIXED CHARGES ..................... 174,741,357
12. OTHER DEDUCTIONS .................................. 8,408,597
13. ORDINARY INCOME .................................. 166,332,760
14. EXTRAORDINARY ITEMS-NET ........................... 7,568,099
15. PRIOR PERIOD ITEMS-NET ............................ 0
16. FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR
PERIOD ITEMS .................................... -220,054
17. TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS ..... 7,788.153
18. NET INCOME 2/ ................................... 174,120,913

19. DIVIDENDS ON COMMON STOCK ......................... *131,787,506
20. DIVIDENDS ON PREFERRED STOCK ...................... 4,267,645


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 / ........................
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


21. CASH ..............................................
22. 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 ..............................
34. TOTAL CURRENT ASSETS ...........................


1967

$179,41R,414
107,001,802
286,420,216
18,970,950
267,449,266

14,912,138
98S615,667
1,255,394
114,783,199
152,666,067
9,028,734
143,637,333
0
0

0
0
143,637,333


For the six months of


1968

$355,426 409
220,400,808
575,827,217
41,850,880
533,976,337

30,077,013
209,079,470
2,373,511
241,529,994
292,446,343
16,644,333
275,802,010
7,784,391
0

-220,054
8,004,445
283,806,455


1967

$324,770,432
223,504,908
548,275,340
37,363,309
510,912,031

29,666,523
195,750,399
2,466,967
227s883,889
283,028,142
17,700,351
265,327,791
0
0

0
0
265,327,791


*151,853,481 **239,436,441 **267,119,050
4,608,797 12,908,962 13,313,256


2.21


2.24


SOUTHERN DISTRICT
For the second quarter of For the six months of
1968 1967 1968 1967


$43,449,989
12,438,395
55,888 384
4,035,735
51,852,649

2,745,982
18,234,672
367,334
21,347,988
30,504,661
666,929
29,837,732
7,692,801
0

0
7,692,801
37,530,533

16.650,212
385,331

2.43


$43,182 174
14,244,697
57,426 871
3,143,405
54,283,466

?,678,818
17,114,098
393,228
20,186,144
34,097,322
669,403
33,427,919
0
0


$81,120,689
25,697,126
106,817,815
6,397s907
100,419,908

5,473,927
35,951,514
724,833
42,1001274
58,319,634
1,335,583
56,984,051
7,692,801
0


0 0
0 7,692,801
33,427,919 64,676,852


$84,035,433
27,154,661
111,190,094
5,670 162
105,519,932

5,296,238
33,878,979
777i122
39,952,339
65,567,593
1,339,859
64,227,734
0
0

0
0
64,227,734


16,042,643 31,772,472 30,554,684
386,581 2,747,629 2,753,957


2.69
UNITED STATES


Balance at the end of June
1968 1967


$271,586,461
910,232,085
40,859,210
11,405,818
61,922,432
330,574,075
328 192,930
18 719,675
527,564,578
7,414,708
22,503,291
519,219,086
38,279,9A5
3,088,474,334


$276,108,943
892,197,198
46,315,843
3,323,720
64,754,712
286,161,414
310,771,064
19,040,846
447,366,750
12,590,136
19,594,674
546,512,428
36,313,856
2,961,051,584


EASTERN DISTRICT
For the second quarter of For the six months of


1968

$66,885,328
40,595s393
107,480,721
6P629,662
100,851,059

12,303,826
47,992 193
358,996
60,6-45015
40,206,044
1,417,376
38,788,668
370,419
0

0
370,419
39,159,087


1967

$54,461,188
42,838 862
97,300,050
7,817,935
89,482 115

12,037,797
44,013,638
390,563
56,441,998
33,040 117
1,534,497
31,505,620
0
0

0
0
31,505,620


1968

$90,564,831
87,813,349
178,378,180
13,946,346
164,431,834

24,298,041
94,845,492
736,085
119,879,618
44,552,216
2,836,666
41,715,550
468,078
0

0
468,078
42,183,628


1967

$87,040,59i
90,134,782
177,175,373
14,261,134
162,914,239

23,930,525
87,944,045
781,071
112s655,641
50,258,598
2,977,780
47,280,818
0
0

0
0
47,280,818


53,245,151 47,514,243 93,102,723 95,483,138
157,599 157,769 388,638 388,808

1.66 1.59 1.37 1.45
WESTERN DISTRICT
For the second quarter of For the six months of


1968

$97,137,177
57,062,027
154,199,204
10,226,528
143,972,676

182,975
39,298,566
460,483
39,942,024
104,030,652
6,3244292
97,706,360
-495,121
0

-220,054
-275,067
97,431,293


1967

$81,775,052
49,918,243
131,693,295
8,009,610
123,683,685

195j523
37,487,931
471,603
38,155,057
85,528,628
6,824,834
78,703,794
0
0

0
0
78,703,794


1968

$183,740,889
106,890,333
290,631,222
21,506,627
269,124,595

355,045
78,282,464
912,593
79,550,102
189,574,493
12,472,084
177,102,409
-376,488
0

-220,054
-156,434
176,945,975


1967

$153,694,408
106,215,465
259,909,873
17,432,013
242,477,860

439,760
73,927,375
908,774
75,275,909
167,201,951
13,382,712
i53,819,239
0
0

0
0
153,819,239


*61,892,143 *88,296,595 **114,561,246 **141,081,228
3,724,715 4,064,447 9,772,695 10,170,491


3.24 3.38
UNITED STATES
Balance at the end of June
1968 1967


2.64


Balance-Sheet Items Current Liabilities


35. LOANS AND NOTES PAYABLE 3/ ..............
36. TRAFFIC AND CAR-SERVICE BALANCES--CR ...
37. AUDITED ACCOUNTS AND WAGES PAYABLE ......
38. MISCELLANEOUS ACCOUNTS PAYABLE ..........
39. INTEREST MATURED UNPAID .................
40. DIVIDENDS MATURED UNPAID ................
41. UNMATURED INTEREST ACCRUED ..............
42. UNMATURED DIVIDENDS DECLARED ............
43. ACCRUED ACCOUNTS PAYABLE ................
44. FEDERAL INCOME TAXES ACCRUED ............
45. OTHER TAXES ACCRUED .....................
46. OTHER CURRENT LIABILITIES ...............
47. TOTAL CURRENT LIABILITIES ............
UNITED STATES


$36,827 166
76,608,262
321,112,811
147,692,268
38,774,850
22,476,268
99,284,106
51,243,839
980,918,641
134,953,644
273,617,241
166,519,650
2,350,028,746


$51,283,480
81,n23,752
289,910,100
149,j99,746
45,249,510
18,988,288
93 116,718
67,195,078
911,273,160
99,640,081
273,964,218
150 812,247
2,232,456,378


Selected Assets and Liabilities


EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-ROAD .....................
EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-EQUIPMENT ................
INVESTMENTS IN STOCKS, BONDS, ETC., OTHER THAN THOSE OF AFFILIATED COMPANIES.
OTHER DEFERRED CHARGES ......................................................
EQUIPMENT OBLIGATIONS AND OTHER DEBT DUE WITHIN ONE YEAR 4/ .............
ANALYSIS OF TAXES ACCRUED:
U. S. GOVERNMENT TAXES ...................................................
OTHER THAN U. S. GOVERNMENT TAXES ........................................
OTHER DEFERRED CREDITS ......................................................


Balance at the end of June


$157,573,344
466,571,058
285,523,985
155,711,272
562,910,375


1967

S174,270,278
620,801,568
303,236,255
169,632,861
532,320,069


202,728,670 165,790,110
205,842,215 207,814,189
250,786,731 242,685,456


1/ Represents accruals, including the amount in default.
2/ Analysis of the net income for the second quarter in 1968 shows 56 carriers
with a net income of $192,141,981 and 18 carriers with a net deficit of
$18,021,068 as compared with the second quarter of 1967 which showed 51
carriers with a net income of $175,227,446 and 23 carriers with a net
deficit of $31,590,113. Excluded from the analysis are three roads whose
net income (or deficit) was absorbed by the controlling company.
3/ 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.
* Includes dividends of $2,325,721 for 1968 and $2,320,284 for 1967 on class A stock.
** Includes dividends of $4,492,976 for 1968 and $4,637,443 for 1967 on class A stock.


UNIVERSITY OF FLORIDA

I 2IlIII IIII rIIllllllllIIIII INTERSTATE COMMERCE COMMISSION
3 1262 08851 4764 Bureau of Accounts


Statement No. Q-125 (IB]

Second Quarter 1968


J




INTERSTATE COMMERCE COMMISSION


Bureau of Accounts





SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS


FOR THE SIX MONTHS ENDED JUNE 1968 AND 1967


Page 2


District and railroad


NET RAILWAY OPERATING
INCOME


1968


1967


NET INCOME


1968


1967


DIVIDEND
APPROPRIATIONS

1968


District and railroad


NET RAILWAY OPERATING
INCOME


1967


United States Total ............. 355,426,409


$324,770,432


$283,8n6,455


$265,327,791


2522,345,403


$280P432#306


Southern District Continued


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.. 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 .............................
Monongahela Ry. Co................
New York, New Haven & Hartford 1/ .
Norfolk and Western ...............
Penn-Central Co. 2/................
Pennsylvania-Reading Seashore Lines
Pittsburgh & Lake Erie ...........
Reading Company ...................
Richmond, Fredericksburg & Potomac
Western Maryland ..................


90,564,831

6190940
-185,588
11,434j536
1,136,475
3s260s973
18*475
386,793
-2,534,984
-482,800
21,804s726
-474,351
330#601
1,362 143
233,567
2,284,707
1,775,906
-348,196
-2,210*916
-390,411
-2,4260734
-3,447,983
943,125
2,233#531
710,299
107,185
-12,190,338
52,334,122
4,128,002
-1,951,509
6,133,989
821,600
1,478,615
3,669,331


Southern District Total ......... 81,120,689


Alabama Great Southern ...........
Central of Georgia ................
Cincinnati, N. O. & Texas Pacific .


1,673,013
1,259,833
5,721,510


87,040,591 42,183*628 47,280,818 93,491,361 95,871,946 Clinchfield.................................. $
Florida East Coast ..........................
445,032 391,433 221,286 508,128 508,128 Georgia Railroad, Lessee Organization .......
79,662 -351,027 -154,257 0 0 Georgia Southern & Florida ..................
9P419,971 6,014,894 7,55i,173 0 0 Gulf, Mobile and Ohio........................
1,432,635 353,029 1,398,656 0 521,449 Illinois Central ............................
2p652,676 3,603,325 3,091,775 2Q9,988 209,988 Louisville and Nashville ....................
1,057 134 -2,106,123 -1,102,402 0 0 New Orleans and Northeastern ...............
516,129 0 0 0 00 Norfolk Southern ............................
-3,861,803 -4,602,762 -5,896,190 0 0 Piedmont and Northern .......................
-612,987 -789,478 -922,717 0 0 Savannah & Atlanta Ry. Co. ................
22.280,862 17,354,537 18,752,258 17,375,748 17,377,082 Seaboard Coast Line ......................
-597,848 -758,862 -1,221,247 0 0 Southern ....................................


320,758
1,989,630
315,521
I1850,557


429,124
1,198,072
145,071
1,648,376


412,484
1,476,639
254,989
1,146,233


0
0
120,000
0


0
1,547,220
120,000
0


4,666,001
170,350
224,209
793s823
5,581,170
8,200 177
15,934,634
794,301
346P525
454 574
357,174
13,362 lRO
21,581,215


Western District Total .................... 183,740,889


1,142,786 2,449,773 2,022,942 0 0 Atchison, Topeka & Santa Fe ................
99,155 -5,781,141 -3,999,273 0 0 Chicago & North Western .....................
-4,421,802 -6,896,965 -8,502,314 0 0 Chicago, Burlington & Quincy ...............
100,963 -572,302 -105,700 0 110,000 Chicago Great Western .......................
-1,707,434 -3,290,792 -2,141,711 0 0 Chicago, Milwaukee, St. Paul & Pacific .....
-4,153,691 -3,206,966 -3,892,832 0 0 Chicago, Rock Island & Pacific .............
1,055,745 219,226 317,427 518,713 499,953 Colorado and Southern ......................
1,736,916 1,801,428 1,443,810 1,000,768 6,327,300 Denver & Rio Grande Western .................
559,619 331,088 226,144 570,691 357,114 Duluth, Missabe and Iron Range ..............
712,830 -80,096 453,080 0 0 Duluth, Winnipeg & Pacific ..................
-10,717,056 -11,419,590 -10,791,793 0 0 Fort Worth & Denver .........................
50,429,945 35,544,094 34,974,305 26,947,455 27,666,840 Great Northern ..............................
6,576,847 3,091,210 7,748,423 41,481,407 35,857,705 Kansas City Southern .......................
-1,818,223 -2,292,105 -2*i51,295 0 0 Lake Superior & Ishpeming ..................
5,031,211 6,007,776 5,132,003 2,L16,914 2,116,965 Louisiana & Arkansas .....................
-347,952 -646,379 -3,084,813 0 0 Missouri-Kansas-Texas .......................
1,827,340 2,135,333 2,326,857 1,069,733 1,080,386 Missouri Pacific ..........................
3,645,463 2,260,427 2,?96,e78 1,571,816 1,571,816 Northern Pacific ............................
Northwestern Pacific........................
St. Louis-San Francisco ,..................
St. Louis Southwestern .....................
Soo Line ...................................
84,035,433 64,676,852 64,227,734 34,520,101 33,308,641 Southern Pacific ............................
Spokane, Portland and Seattle ...............
Texas & Pacific ............................
799,480 1,607,738 923,124 896,828 896,828 Toledo, Peoria & Western .................
-991,025 283,995 -1,898,932 0 0 Union Pacific ...............................
3,747,824 3,306,215 1,623,539 897,000 897,000 Western Pacific ............................


23,469,7?6
821,709
7,805,056
44,525
6,?64,203
-2,158,127
1,542,331
6,950s472
1,098,053
729,298
775,691
7,648,412
3,169,249
237,076
1,786,038
952*946
14,961,768
3,516,405
502,8?4
9,441,209
14,568 198
5,150,852
34,258,681
1,519,378
3'387,982
357,855
31,977 244
2,961,835


$ 5,146*182
89,641
685,595
-54,949
5,291,857
8,726,847
16,405,204
500,328
161,493
539,579
344,777
20,270,283
22,372,317


$ 0
83,760
0
718,457
3,889,352
16,281,849
11,li2,798
707,961
-8,394
460,913
310,622
l0,606,855
15,314,731


$ 0
177,469
0
-i44,738
3,78) 109
8,581 909
11,052,979
402,068
-190,341
571,821
303,240
20,473,797
18,570,690


S0
0
0
0
1;454;802
4,810,549
4;951,508
0
0
309,044
0
9;988se577
l1,61793


$ 0
0
0
0
1,430,816
4,802,020
4,948,407
0
0
309,044
0
8,437,127
11.587A01


153,694,408 176,945,975 153,819,239 124,333,941 151,2 .l,19


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
3?,926,354
2,727,852


21,234,521
-2,530,148
4,677,342
224,109
2p399,993
-2,567,257
1,347,769
5,532,098
1,944,929
524,777
-172,922
7,634,555
5,381,768
176,674
1,822,165
-219,973
9,633,513
7,526,169
648,684
5,655,402
14,714,605
3,868,692
37,690,795
743,338
2,411,286
370,361
43,797,494
2,475,236


23*304*362
-3,969,450
4,583*155
-437s328
-1,234,i76
-6,662,391
321,752
51334,973
1,662,670
275,106
-1,272,562
7,169,663
2,427,936
-133,375
1,271,684
-2,185,482
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,i73,890
2*093,361


22,841.918
814,037
5,979,355
3,457,177
2,593,260
0
0
3,510,472
0
0
0
9,234,613
2,458,396
1661558
3,825,000
0
4,492,976
7,794,655
0
3,156,931
3,571,350
1,265,909
21,7i3,093
0
0
225,000
23,929,235
3,304,006


22,823,881
162*689
5,979,S55
457,178
4,768,856
0
0
3,496,856
0
0
0
9*231,868
21*309,609
167*,52
15*811*627
0
4,637,443
7,849,250
0
2,958,715
2,282,768
1,898,864
20,356,143
0
1*956P232
112*500
21,686s112
3,304,021


Deficit or other reverse item.
1/ Report of trustees.
2/ Includes New York Central and Pennsylvania, which


merged February 1, 1968.


NET INCOME


1968


DIVIDEND
APPROPRIATIONS


1967


GPO 864355


-






tt KA,34:


4W A
58B ,


to revis


UNIVERSITY OF FLORIDA

11IIIIIl3IIIhIlllllIIIIIi lllllillllll IN TE S 6TAT E COMMERCE COMMISSION
3 1262 08851 4616 Bureau of Accounts


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


Statement No. Q-125 (IS)


Third Quarter1968.


Compiled from 78 railroad reports, Form IBS, (Excluding Switching and Terminal Companies)
UNITED STATES


EASTERN DISTRICT


Income Account Items


For the third quarter of
1968 1967 1/


1. NET RAILWAY OPERATING INCOME ......................1139,746,269
2. OTHER INCOME ...................................... 120,846,880
3. TOTAL INCOME ................................... 260,593.149
4. MISCELLANEOUS DEDUCTIONS FROM INCOME .............. 20,426,298
5. INCOME AVAILABLE FOR FIXED CHARGES ............. 240166,851
6. FIXED CHARGES:
7. RENT FOR LEASED ROADS AND EQUIPMENT ............ 15,793,606
8. INTEREST DEDUCTIONS 3/ ........................ 107,449,742
9. AMORTIZATION OF DISCOUNT ON FUNDED DEBT ........ 1,289,405
10. TOTAL FIXED CHARGES ......................... 124,532,753
11. INCOME AFTER FIXED CHARGES ..................... 115,634,098
12. OTHER DEDUCTIONS ................................. 8,358,457
13. ORDINARY INCOME .................................... 107,275,641
14. EXTRAORDINARY ITEMS-NET ........................... 1,442,325
15. PRIOR PERIOD ITEMS-NET ........................... -676,022
16. FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR
PERIOD ITEMS .................................... 92,230
17. TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS ..... 374,073
18. NET INCOME 4/ .................................. 107,649,714

19. DIVIDENDS ON COMMON STOCK ......................... *96,545,345
20. DIVIDENDS ON PREFERRED STOCK ...................... 1,762,077


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 3/ .......................
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 4/ ..................................

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

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


Balance-Sheet Items Current Assets


21. CASH ..............................................
22. 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 ..............................
34. TOTAL CURRENT ASSETS ...........................


1.93


$127,631,855
94,945.307
222,577,162
19,697,038
202,880,124

15,062,438
99,806,835
1,363,224
116,232,497
86,647,627
8,767,575
77,880,052
0
10,222,000


For the nine months of


1968 11

$496,696,588
341,254,933
837,951,521
62,261,058
775,690,463

45,870,619
316,529,212
3,651,981
366,051,812
409,638,651
25,002,790
484,635,861
9,226,716
-676,022


1967 1/

$452,193,632
318,407,262
770,600,894
57,060,344
713,540,550

44,728;961
295,557,234
3,830,191
344,116,386
369,424,164
26,467,926
342,956,238
0
10,222,000


0 172,176 0
10,222,000 8,378,518 10,222,000
88,102,052 393,014.379 353,178,238

*100,596,884 ** 335,981,786 **367,715,933
2,216,596 14,671,039 15,529,852


1.75


2.07


SOUTHERN DISTRICT
For the third quarter of For the nine months of


1968
536.397,155
11.721,201
48,118,356
3,816,632
44,301,724

2,703,798
18,312,210
356,069
21,372.077
22.929,647
667,241
22,262.406
0
131,400

17,094
114,306
22,376,712

15,135,660
112,153

2.07


1967
130,649,903
9,819,367
40.459,270
2,568,266
37,891,004

2,594,659
17,025,293
391,023
20,010,975
17,880,029
669,120
17,210,909
0
0


1968
5117,517,844
37,418,327
154,936,171
10,214,539
144,721,632

8,127,725
54,263,724
1.080,902
63,472,351
81,249,281
2,002,824
79,246,457
7,692,801
131,400


0 17,094
0 7,807,107
17,210,909 87,053,564


1967
5114 675,336
36,974,028
151,649,364
8,238,428
143,410,936

7,890,897
50.904,272
1,168,145
59,963,314
83,447,622
2,008,979
81,438,643
0
0

0
0
81,438,643


15,105,500 46,908,132 45,660,184
116,152 2,859,782 2,870,109


1.89


UNITED STATES
Balance at the end of September
1968 1967


6265,685,808
893,770,418
29,468.021
7,679,011
60,555,590
363,456,583
337,915,612
24,910,084
541.851,222
7,222,445
21,029,652
510,911,704
33,004,273
4,097,460,423


1265,676,6/2
835,883,744
32,206,861
7,174,252
65,914,197
316,675,013
334,213,926
15,484,961
462,490,525
10,083,254
16,754,121
513,753,159
31,184,197
2,907,494,882


2.28


For the third quarter of


1968

528,169.625
53,166,386
81,336,011
4,973.118
76,362,893

12,859,788
49,578,916
450,340
62,889,044
13,473,849
1,414,764
12,059,085
0
793,438

0
793,438
12,852,523

26,699,683
450,251

1.21


1967 1/

$30.484,635
40,263,697
70.748.,332
6,796,544
63,951,798

12,196,829
44,709,630
473,005
57,3/9,464
6,512,334
1,481,826
5,090,508
0
0


For the nine months of


1968 1/

$120,258,366
140,986,980
261,245,346
18,903,344
242,342,002

37t157,829
144,424,408
1,175,490
182,757,727
59,584,275
4,251,430
55,332,845
468,078
793,438


0 0
0 1,261,516
5,090,508 56,594,361


30,892,712
260,952

1.11


119,802,406
838,889


1967 1/

5117,316,571
130,355,526
247,672,097
21,057,665
226,614,432

36,127,354
132,653,675
1,254,076
170,035,109
56,579,327
4,459,606
52,119,721
0
0

0

52,119,721

126,375,849
649,760


WESTERN DISTRICT
For the third quarter of For the nine months of


1968
$75,179,489
55,959,293
131,138,782
11,636,548
119.502,234

230,020
39,558,616
482,996
4U,271,632
79.230,602
6,276,452
72,954,150
1,442,325
-1,600,860


1967
566,507,317
44,862.243
111,369,560
10,332,238
101,037,322

270,950
38,071,912
499,196
38,842,058
62,195,264
6,616,629
55,578,635
0
10,222,000


375,136 0
-533,671 10,222,000
72.420,479 65.800,635


1968
$258,920,378
162,849,626
421,770,004
33,143,175
388,626,829

585,065
117,841,080
1,395,589
119,821,734
268,805,095
18,748,536
250,056,559
1,065,837
-1,600,860


$220,201,725
151,077,708
371,279,433
27,764,251
343,515,182

710,710
111,999,287
1,407,970
114,117,967
229,397,215
19,999,341
209,397,874
0
10,222,000


155,082 0
-690,105 10,222,000
249,366,454 219.619,874


*54,710.002 *54,598,672 169,271,248 **195,679,900
1,199,673 1,839,492 10,972,368 12,009,983


2.97


Balance-Sheet Items Current Liabilities


35. LOANS AND NOTES PAYABLE 1I..............
36. TRAFFIC AND CAR-SERVICE BALANCES--CR ...
37. AUDITED ACCOUNTS AND WAGES PAYABLE ......
38. MISCELLANEOUS ACCOUNTS PAYABLE ..........
39. INTEREST MATURED UNPAID .................
40. DIVIDENDS MATURED UNPAID ................
41. UNMATURED INTEREST ACCRUED ..............
42. UNMATURED DIVIDENDS DECLARED ............
43. ACCRUED ACCOUNTS PAYABLE ...............
44. FEDERAL INCOME TAXES ACCRUED ............
45. OTHER TAXES ACCRUED ....................
46. OTHER CURRENT LIABILITIES ...............
47. TOTAL CURRENT LIABILITIES ............

UNITED STATES


2,60 3.24
UNITED STATES
Balance at the end of September
1968 1967


$27.815,286
85,401,833
309,289,060
165,425,731
32,538,900
22,169,922
103,518,875
25,836,199
1,004,801,980
134,577,289
303,607,440
167.751,857
2.382,734,372


$67,619,594
86,596,954
298,792,682
164,143,358
40,483,297
23,802,293
94,354,750
34,708,632
888,405,842
100,390,676
290,946,123
150,754,925
2,240,99,126


Selected Assets and Liabilities


EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-ROAD ....................
EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-EQUIPMENT ...............
INVESTMENTS IN STOCKS, BONDS, ETC., OTHER THAN THOSE OF AFFILIATED COMPANIES.
OTHER DEFERRED CHARGES ......................................................
EQUIPMENT OBLIGATIONS AND OTHER DEBT DUE WITHIN ONE YEAR ...................
ANALYSIS OF TAXES ACCRUED:
U. S. GOVERNMENT TAXES ...................................................
OTHER THAN U. S. GOVERNMENT TAXES ........................................
OTHER DEFERRED CREDITS ......................................................


Balance at the end of September j/ Includes operations of Erie-Lackawanna R.R. and Delaware & Hudson R.R.
1968 1967 / Includes operations of Erie-Lackawanna R.R. for the first quarter and those of Delaware &
Hudson R.R. for first and second quarters.
$248.851,212 $274,112,276 3/ Represents accruals, including the amount in default.
629,771,405 845,485,269 4/ Analysis of the net income for the third quarter in 1968 shows 50 carriers with a net income
280,950,588 304.530,1,22 of $155,042,844 and 23 carriers with a net deficit of $47,393,130 as compared with the third
170,975,331 176,268,599 quarter of 1967 which showed 43 carriers with a net income of $138,900,444 and 30 carriers
607,114,447 526,800,433 with a net deficit of $50,798,392. Excluded from the analysis are three roads whose net
income (or deficit) was absorbed by the controlling company.
207,587,382 164,231,999 5/ Includes obligations which mature not more than one year after date of issue.
230,597,347 227,104,800 6/ Includes payments of principal of long-term debt (other than long-term debt in default)
240,850,728 238,890,936 which becomes due within one year after close of month of report.
Includes dividends of $2,325,721 for 1968 and $2,321,721 for 1967 on class A stock.
** Includes dividends of $6,818,697 for 1968 and $6,959,164 for 1967 on class A stock.


UNIV. OF FL LIB.







U.S. DEPOpiTORY


]








INTERSTATE COMMERCE COMMISSION


Bureau of Accounts





SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS


FOR THE NINE MONTHS ENDED SEPTEMBER 1968 AND 1967


Page 2


District and railroad


NET RAILWAY OPERATING
INCOME


NET INCOME


DIVIDEND
APPROPRIATIONS


District and railroad


NET RAILWAY OPERATING
INCOME


1968


United States Total .............5496,696.588

Eastern District Total .......... 120,258,366

Akron, Canton & Youngstown ........ 903.107
Ann Arbor ......................... -196,763
Baltimore and Ohio ..............., 16,938,780
Bangor & Aroostook ................ 1,535,216
Bessemer & Lake Erie .............. 6,053,351
Boston & Maine .................... -593,600
Canadian Pacific Lines In Maine ... 300,605
Central Railroad Company of N.J. 1/ -3.809,843
Central Vermont ................... -562,380
Chesapeake and Ohio ............... 32,899,734
Chicago & Eastern Illinois ........ -1,506,750
Chicago & Illinois Midland ........ 336,576
Delaware and Hudson R. R ......... 1,362,143
Delaware and Hudson Ry. ........... / 4,949
Detroit and Toledo Shore Line ..... 361,265
Detroit, Toledo, and Ironton ...... 2,352,577
Elgin, Joliet and Eastern ......... 2.061,038
Erie-Lackawanna R. R............... -3,084,392
Erie-Lackawanna Ry................S 5,913,952
Grand Trunk Western ............... -6,769.898
Illinois Terminal ................. -513,857
Lehigh Valley .................... -3,425,614
Long Island ....................... -5,912,200
Maine Central ..................... 1,180,044
Missouri-Illinois ................. 3,239,804
Monon ............................. 953,869
Monongahela Ry. Co. ............... -290,766
New York, New Haven & Hartford I/ -18,760,580
Norfolk and Western ............... 79,870,094
Penn-Central Co..................... -5.045,484
Pennsylvania-Reading Seashore Lines -2,888,057
Pittsburgh & Lake Erie ............ 9,959,078
Reading Company ................... -337,525
Richmond, Fredericksburg & Potomac 2,451,475
Western Maryland .................. 5,268,418



Southern District Total ......... 117,517,844


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


2,379,896
2,400,866
8,139,251


1967

S452,193.632


1968

$393,014,379


1967

$353,178,238


1968

5350.652.825


1967

S383,245,785


1968


1967


1968


1967


1968


1967


Southern District Continued


117,316,571 56,594,361 52,119,721 120.641,295 127,025,609 Clinchfield ................................
Florida East Coast .........................
733,817 575,100 397,398 508,128 508,128 Georgia Railroad, Lessee Organization .......
300,723 -345,418 -7,098 281,210 0 Georgia Southern & Florida ................
10,786,106 10,972,325 7,680,132 0 0 Gulf, Mobile and Ohio .......................
1,606,513 378,417 1,233,185 0 557,411 Illinois Central ..........................
4,911,255 6,516,568 5,516,414 359,976 359,976 Louisville and Nashville ....................
361,503 -2,627,682 -2,901,244 0 0 New Orleans and Northeastern ................
247,716 0 0 0 0 Norfolk Southern ............................
-6,388,041 -7,114,586 -9,526,862 0 0 Piedmont and Northern .......................
-1,020,812 -1,014,725 -1,475,821 0 0 Savannah & Atlanta Ry. Co. .................
32,655,520 25,243,754 27,141,548 26,060,245 26,019,677 Seaboard Coast Line.........................
-873,658 -2,029,710 -1,841,833 0 0 Southern ...................................


422,194
2,568,012
0
327,574
1.903,469
2,158,271
-1,652,334
0
-8,610,479
-79,979
-2,193,965
-5,821,878
1,200,946
2,559,246
781,761
779,973
-17,220,699
78,465,256
6,516,082
-2,942,633
8,518,720
-1.664,702
2,496,510
5,484,584



114.6/5,336


1,6/5,930
-2,245,001
5.757,796


489,003
1,198,072
-309,996
205.623
1,905,970
3,072,419


553,844
1,738,833
0
223,097
869,156
3,383,458


0
0
0
180,000
245,333
0


1,547,220
0
180,000
0
0


7,078.239
-195,919
472,085
1,047,981
7,669,247
10,753,500
24,477.559
1,260,093
620,830
653.946
481,432
18,666,964
31,611,874


Western District Total .................... 258,920,378


-5,834,764 -7,721,966 0 0 Atchison, Topeka & Santa Fe .............
1,450,042 0 0 0 Chicago & North Western U...............
-13,966,080 -14,944,401 0 0 Chicago, Burlington & Quincy ...............
-819.627 -356,155 0 110,000 Chicago, Milwaukee, St. Paul & Pacific ......
-4,706,702 -2,963,095 0 0 Chicago, Rock Island & Pacific ..............
-5,616,420 -5,506,448 0 0 Colorado and Southern .......................
-47,873 120,237 528,689 519,905 Denver & Rio Grande Western ................
2,611,729 2,092,596 2.001.536 6,327300 Duluth, Missabe and Iron Range ..............
348,802 237,429 763,808 1,105,468 Duluth, Winnipeg& Pacific ..................
-989,286 428,029 0 0 Fort Worth & Denver .........................
'17,804,617 -17,190,605 0 0 Great Northern ............................
55,108,396 53,972,399 41,041,023 41,380,568 Kansas City Southern ........................
-747,150 4,831,283 41,523,575 41,249,724 Lake Superior & Ishpeming ...................
-3.397,257 -3,447,326 0 0 Louisiana & Arkansas ......................
10,139,039 8,607,151 3,175,371 3,175,440 Missouri-Kansas-Texas .......................
-2,751,991 -5,536,138 0 0 Missouri Pacific ............................
3,362,068 3,222,284 1,614,678 1,627,069 Northern Pacific............................
3,140,918 3,290,240 2,357,723 2,357,723 Northwestern Pacific ........................
St. Louis-San Francisco ....................
St. Louis Southwestern .....................
Soo Line....................................
87,053,564 81,438,643 49.767,914 48,530,293 Southern Pacific ............................
Spokane, Portland and Seattle ...............
Texas & Pacific .............................
2,145,002 1,674,708 896,828 896,828 Toledo, Peoria & Western ...................
926,770 -3,648,435 0 0 Union Pacific ...............................
4,414,590 2,567,568 897,000 897,000 Western Pacific .............................


30,500,723
-1.394.285
13,040,193
4,877,414
-7,647,927
2,327,011
10,270,776
4,152,882
726,971
223,674
11,011,468
4,518,497
541,725
2,584,438
-524,999
20,135.014
7,144,675
862,992
12.947,520
19,828.655
6,107,130
52,811,006
1,726,178
4,455,080
536,761
52,608,012
4,548,594


7,709,671
-107,159
766,397
-447,069
7,747,474
14,028,389
21,663,071
767,390
216,603
804,628
383,622
24,161,051
31,792,543


0
-6,020
0
940,762
5,550,141
19,089,505
16.259,762
1.105,877
83,678
777,769
418,991
14,354.962
20.991,775


0 0 0
-151,704 0 0
0 0 0
-598,115 0 0
5,395,838 2,185,011 2,149,547
13,484,339 7,216,882 7,205,120
13,310,880 7,427,387' 7,425,971
597,043 0 0
-316,652 0 0
863,460 463,566 463,568
299,450 0 0
22,345,583 14,383,133 13,229,757
25,614,680 16,296,105 16,162.502


220,201.725 249,366,454 219,619,874 180,243.616 207,689,883


31,814,664
-5,020,149
10,2-6, 267
6,297,430
-13,366,561
803,467
9,856,426
4,020,767
532,338
-1,437,306
10,825,386
4,579,058
680,405
1,831,478
-3,153,263
24,317,932
5,962,908
-978,184
11,485,390
19.587,325
1,649,594
35,295,077
2,103,941
3,340,431
403,569
55,384,037
3,149,298


2/,267,726
-7,901,156
7.593.068
-1,431,417
-6,759,289
2,016,907
8,124,205
5,341,872
419,552
-823,394
11,580,385
5,947,379
460,321
2.671,116
-2,395,558
12,513, 023
14,192,583
1,171,597
7,511,807
20.053,870
4,241,908
57,581,012
1,274,440
4,357,767
531,931
69,998.269
3,826,530


27,890,081
-8,991,000
5,635,265
8,533,049
-13,227,019
622,279
7,848,819
5,425,289
195,904
-1,590,855
13,413,158
3,176,143
555,122
1,951,920
-5,101,861
18,554,683
12,276,344
-592,194
6,905,312
19,304,048
-286,934
38,642,677
1,056,080
3,720,375
407,496
70,469,174
2,826,535


32,719,069
4.901,796
9.396.129
2.53,260
0
0
5,265,095
0
0
0
13,854,460
3.687,594
249,686
3,900.000
0
6,818,697
11,678,886
0
3.948,744
3,571,350
2,848.296
32.569,639
0
1,955,556
337,500
36,643,853
3,304,006


32,686.2l1
891,315
9,396,129
4,769,952


5(252,102
0
0
0
13,848,460
22,538,607
251,026
15,811,627
0
6,959,164
11,762,743
0
5,576,677
2,282,766
1,898,864
30,534,215
0
1,935,908
225,000
37,765,314
3,304,01


Deficit or other reverse item.
Report of trustees.
Represents operations for six months ended June 30, 1968.
Represents operations for the period July 1 Sept. 30, 1968,


4/ Represents operations for three months ended March 31, 1968.
5/ Represents operations for the period April 1 Sept. 30, 1968.
6/ Includes operations of New York Central and Pennsylvania, which merged February 1, 1968.
/ Includes operations of Chicago Great Western, which merged into Chicago & North Western July 1, 1968,


NET INCOME


DIVIDEND
APPROPRIATIONS


0


rPQ a s-"S





3c~,'


Ject to revi!


UNIVERSITY OF FLORIDA


IIIIIIIIIIIIIIIIIIIIIIIIINTERSTATE COMMERCE COMMISSION
Bureau of Accounts


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


Compiled from 78 railroad reports, Form IBS, (Excluding Switching and Terminal Companies)
UNITED STATES


Income Account Items


For the fourth quarter of


1968
NET RAILWAY OPERATING INCOME ...................... 183.359,812
OTHER I TNOME ...................................... 179,217,485
TOTAL INCOME ....................................362,577,297
MISCELLANEOUS DEDUCTIONS FROM INCOME .............. 27,801,337
INCOME AVAILABLE FOR FIXED CHARGES ............ 334.775,960
FIXED CHARGES:
RENT FOR LEASED ROADS AND EQUIPMENT ............... 15717.856
INTEREST DEDUCTIONS 3/ ......................... 100,987,077
AMORTIZATION OF DISCOUNT ON FUNDED DEBT ........ 1,377,207
TOTAL FIXED CHARGES ......................... 118,082,140
INOOME AFTER FIXED CHARGES ..................... 216,693,820
OTHER DEDUCTIONS .................................. 8,373.811
ORDINARY INCOME ................................... 208,320,009
EXTRAORDINARY ITEMS-NET ........................... 13,476,391
PRIOR PERIOD ITEMS-NET ............................ -48,289,862
FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR
PERIOD ITEMS ............................ ..... -987,737
TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS ..... -33,825,734
NET INCOME 4/ .................................. 174,494,275


1967 1/
S22S.377,739
140#662,482
366,040,221
28,558,095
337,482,126

14,461,935
101,536,498
1,335,281
117,333,714
220,148,412
8,707,526
211,440,886
-274,675,326
38,085,007


For the twelve months of


1968 2/
5680.056.400
520,146,382
1,200,202,782
90,062,395
1.110,140,387

61,588,474
417,237,738
4,981,705
483,807,917
626,332,470
33,376,600
592,955,870
22,703,107
-48,965,884


1967 1/
$677,571,371
459,069,742
1,136,641,113
85,618,441
1,051,022,672

59,190,896
397,093,727
5,165,473
461,450,096
589,572,576
35,175,452
554,397,124
-271,661,288
41,969,265


6,097,579 -815.561 6,097,579
-242,687,898 -25,447,216 -235,789,602
-31,247,012 567,508,654 318,607,522


19. DIVIDENDS ON COMMON STOCK .........................*155,051,465 *145,149,553 **491.033,251 **512,865,488
20. DIVIDENDS ON PREFERRED STOCK ...................... # 10,919,046 # 9,429,326 #25,590,085 #24,959,178


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 3/ .........................
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 4/ ..................................

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

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


$46
16
65
5
60


2.84 2.88

SOUTHERN DISTRICT
For the fourth quarter of For
1968 1967 196
,926,931 550,148,611 S164,44
,659,129 19,082,301 55.75
.586,060 69,230,912 220,19
,328,485 3,047,480 15,54
.257,575 66,183,432 204,653


2,985,982
18,405,959
379,696
21,771,637
38,485,938
609,333
37,876,605
1,063,341
-8,538,858

-2,181,032
-5,294,485
32,582.120

22,323,609
1,047.219

2.77


2,686,368
17,312,451
398,231
20,397,050
45,786,382
665,324
45,121,058
216,596
4,781,415


2.29


the twelve months of
8 1967
4,775 S164,823,947
1.420 56,056,327
6.195 220,880,274
3,024 11,285,911
3,171 209,594,363


11,113, 706
72,343,649
1,460,597
84,917,952
119,735.219
2,612,157
117,123,062
8,756,142
-8,407,458


10,577,265
68,216, 718
1,566, 376
"80,360,359
129,234,004
2,674,303
126,559,701
216, 596
4,781,415


1,276,735 -2,163,938 1,276,735
3,721,276 2,512,622 3,721,276
48,842,334 119,635,684 130,280,977


20.987,228 69,231,741
1,054,220 3,907,001

3.24 2.41


66,647,413
3,924,329


For the fourth quarter


1968
S21,911,740
79,716,309
101,628.,049
8,855,370
92,772,679

12,553.509
43,182,542
427,677
56,163,728
36,608,951
1,407,029
35,201.922
2,973,341
-38,256.806


1967
857,907
54,000
111.908
10,813
101,095

11,526
45,579
372
57,478
43.616
1,462
42,153
-274.573
1,639


EASTERN DISTRICT
of For the twelve months of
i/ 1968 2/ 1967 1/
,'929 $142.170,106 3175,224,S00
0,486 220.703.289 184.356,011
,415 362.873,395 359,590,512
,094 27.79,.714 31,870.758
,321 335,114,681 327,709,754


,753
,888
N087
,728
,593
!930
,663
,419
,538


49,711,338
187.654,432
1,555,685
238,921,455
96,193,226
5,658,459
90.534,767
3.441,419
-37,463,368


47,654,107
178,233.563
1,626,164
227,513,834
100,195,920
5,922,536
94,273,364
-274,573,419
1*639,938


27,600 890,112 27,600 890,112
-35,311,065 -273,823,993 -34,049,549 -273,823,993
-109,143 -231,670,330 56.485,218 -179,550,609

52,584,701 55,546,496 172,387,107 181,922,349
185,942 177,284 1,024,831 827,044

1.65 1.76 1.40 1.44
WESTERN DISTRICT
For the fourth quarter of For the twelve months of


1968
5114.521,141
80,842,047
195,363,188
13,617.482
181,745,706

178,365
39,398,576
569,834
40,146,775
141,598,931
6,357,449
135,241,482
9,439,709
-1,494,198


1967
$117,321,199
67,579,695
184,900,894
14,697,521
170,203.373

248,814
38,644,159
564,963
39,457,936
130,745,437
6,579,272
124,166,165
-318,503
31,664,054


1968
1373,441,519
243,691.673
617,133,192
46,760,697
570,372,535

763,430
157,239,657
1,965,423
159,968,510
410,404,025
25,105.984
385,298,041
10,505,546
-3,095,058


1967
5337,522.924
218,657,403
556,180,327
42,461,772
513,718,555

959,524
150,643,446
1,972,933
153,575,903
360,142,652
26,578,613
333,564,039
2,695,535
35,548,312


1,165,695 3,930,732 1,320.777 3,930,732
6,779,816 27,414,819 6,089,711 34,313,115
142,021,298 151,580,984 391,387,752 367,877,154

*"80,143,155 *68,615,829 ** 249,414,403 **264,295,730
# 9.685,885 # 8,197,822 # 20,658,253 # 20,207,809


..-J





0 0

I E
a.~~% I < -L..~



a B .33
o I & li.


j d g ^: y

4.6
as
6
4.


Balance-Sheet Items Current Assets


CAS ........................ ....................
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 ...........................


UNITED STATES
Balance at the end of December


1968 5/
S238,600,184
946,709,035
31,823,831
3.821,797
61,918,959
386,099,138
340,724,020
22,182,608
540,564,648
6,857,598
23,851.313
475,207,981
49,907,648
3.128,268.760


Selected Assets and Liabilities


1967
S301,812,810
909,190,040
39,892,848
8,955,863
63.867,982
329,025,336
356,783,951
18,689,229
495,865,308
7,851,095
18,860,025
499,146,771
45,320,240
3,095,261,498


Balance-Sheet Items Cu s


. LOANS AND NOTES PAYABLE 6/...
. TRAFFIC AND CAR-SERVICE BALAN
. AUDITED ACCOUNTS AND WAGES PA
. MISCELLANEOUS ACCOUNTS PAYABS
. INTEREST MATURED UNPAID.....
. DIVIDENDS MATURED UNPAID....
. UNMATURED INTEREST ACCRUED..
SUNMATURED DIVIDENDS DECLARED
. ACCRUED ACCOUNTS PAYABLE ....
. FEDERAL INCOME TAXES ACCRUED
OTHER TAXES ACCRUED .........
OTHER CURRENT LIABILITIES ...
TOTAL CURRENT LIABILITIES


Balance at the end of December
1968 / 1967


EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-ROAD ..................... S368,258.993
EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-EQUIPMENT ................ 818,720,348
INVESTMENTS IN STOCKS, BONDS, ETC., OTHER THAN THOSE OF AFFILIATED COMPANIES. 289,743,573
OTHER DEFERRED CHARGES ................................ ............ .. 27.8,558762
EQUIPMENT OBLIGATIONS AND OTHER DEBT DUE WITHIN ONE YEAR 27 ............... 612 272 311
ANALYSIS OF TAXES ACCRUED:
U. S. GOVERNMENT TAXES ................................................... 213.798,691
OTHER THAN U. S. GOVERNMENT TAXES ........................................ 202,234.446
OTHER DEF ED CEEDITS ...................................................... 209775591


$374,096,900
1,148,380,932
308,386,163
131,951,274
525,141,645

189,698,489
212,445,307
222,912,360


UNITED STATES


Balance at the end of December
1968 S/ 1967
............. *105,348,495 355,659,821
ICES--CR. 69,337,549 98,803,627
&YABLE ..... 339,311,804 319,596,413
LE .......... 154,066,797 166,274,524
42,550,947 40,194,282
18,515,138 23,355,162
107,110,422 109,000,742
....... 39,971.722 35,146,144
............ 1,032897436 911,038,679
............ 146,830,695 126,361,125
............ 269,202,442 275,782,671
............ 172,614,338 157,057,863
............ 2,497,757,785 2,318,271,053


1/ Includes operations of Erie-Lackawanna R.R. and Delaware & Hudson R.R.
2/ Includes operations of Erie-Lackawanna R.R. for the first quarter and those of Delaware &
Hudson R.R. for first and second quarters.
3/ Represents accruals, including the amount in default.
4/ Analysis of the net income for the fourth quarter in 1968 shows 52 carriers with a net income
of $236,406,724 and 21 carriers with a net deficit of $61,912,449 as compared with the fourth
quarter of 1967 which showed 56 carriers with a net Income of $264,795,338 and 17 carriers
with a net deficit of $296,042,350. Excluded from the analysis are three roads whose net
income (or deficit) was absorbed by the controlling company.
5/ Balance sheet items exclude New York, New Haven & Hartford R.R.
6/ Includes obligations which mature not more than one year after date of issue.
1/ 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.
* Includes dividends of $2,326,971 for 1968 and $2,323,471 for 1967 on class A stock.
** Includes dividends of $9,145,668 for 1968 and $9,282,635 for 1967 on class A stock.
# Includes dividends of $198,655 for 1968 and 1967 on class B stock.


Statement No. Q-125 (m3)
Fourth Quarter 1968


Ak


UNIV. OF-FL LIB.
CUMENTS DEPT,.


AUG -



U.S. DEPONTORY






INTERSTATE COMMERCE COMMISSION


Bureau of Accounts




SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS


FOR THE TWELVE MONTHS ENDED DECEMBER 1968 AND 1967


-. NET RaIAUa oihtATING
District and railroad ,I AE

1968 1967

United States Total ...,,.... ,68'0,056 400 6 U7,571,371

Eastern District Total ..i ... 14l,170,106/-*11f,224,900


Akron, Canton & Youngstown .. .,,.7
Ann Arbor .................... "' 2
Baltimore and Ohio ............. a. .3 1
Bangor & Aroostook ................ t 6,726
Bessemer & Lake Erie .............. 68252,459
Boston & Maine .................... -1,294,128
Canadian Pacific Lines In Maine ... 219,770
Central Railroad Company of N.J. /. -6,188,871
Central Vermont ................... -988,624 -
Chesapeake and Ohio ............... 46,052,739 4
Chicago & Eastern Illinois ........ -1,110,773 -
Chicago & Illinois Midland ....... 528.408
Delaware and Hudson RR.. ...... 1,362,143
Delaware and Hudson Ry l........... 1,606,786
Detroit and Toledo Shore Line ..... 653,273
Detroit, Toledo and Ironton ...... 3,414,15
Elgin, Jollet and Eastern ........ 2,442,772
Erie-Lackawanna R.R.4Z............. -3,084,392
Erie-Lackawanna Ry.5 .............. 10,664,305
Grand Trunk Western ............... 9,29,150 -
Illinois Terminal .................. -850609
Lehigh Valley ..................... -4,445,358
Long Island ....................... -10.548,208 -1
Maine Central .................... 1,803,477
Missouri-Illinois ................. 4,532,301
Monon ............................. 1,439,584
Monongahela .......... .............. 289178
New York, New Haven & Hartford6J... -24,214,841 -2
Norfolk and Western ............... 106,883,572 10
Penn CentralI..................... .-26.992,878 1
Pennsylvania-Reading Seashore Lines -3,926,440 -
Pittsburgh & Lake Erie ............ 13.691,003 1:
Reading Company ................... -202,513 -
Richmond, Fredericksburg & Potomac 3.199,572
Western Maryland .................. 6,855,241


1,036,074
378,144
4,790,031
1,623,120
6,474,007
277,330
-1,408
9,381,292
1,037,164
8,588,418
2,521,581
795,978
3,397,827
0
571,663
2,295,901
3,680,989
-207,778
0
9,365,070
-712,271
2,613,245
0,879,007
1,713,901
3,579,318
1,284,533
1,015,196
0,179,389
4,770,290
7,525,374
3,785,056
2,761,473
1,672,546
3,229,529
7,791,211


NET INCOME


$567,508,654 5318,607,522

56,485.218 .179,550,609


740,543
-461,870
10,267,976
93,388
9,783,347
-3,839,426
0
-7.951,642
-1,604,414
44,164,411
-1,760,168
554,438
1,198,072
800,425
429,500
2,905,403
3,804,606
-5,834,764
4,533,038
-11,306,421
-1.356,755
-5,968,691
-10,292,570
260,969
3,682.505
807,118
-869,337
-22.316,123
74,141,338
-41,914,598
-4.608,189
13,875,897
-3,793,285
4,404,124
3,916,373


561,311
-45,125
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
0
422,282
998,161
5,891,973
-10,181,829
0
-17,944,404
-1,107,449
-3,737,516
-10,420,738
323,472
2,943,174
1,620,277
545,454
-19,513,611
72,607,003
-260,096,782
-4,305,746
12,860,694
-5,402,887
4,389,255
4,858,519


DIVIDEND
APPROPRIATIONS

1968 1967

$516,623,336 $537,824,666

173.411,938 182,749,389


659,296
399,835
0
0
7,419,976
0-
0
0
0

0
1,000,000
0
200,000
240,000
735,999
3,000,000
0
0

0
0
538,634
2,001.536
956,925
0
0
55,137.869
55,400,359
0
4,946,966
0
2,887,240
3,143,630


508,128
0
593,373
8,919,976
0


34,371,366
0
1,000,000
1,547,220
0
240,000
0
6,000,000

0
0
110,000
0
0
519,905
6,327,300
1,480,402
0
0
55,094,295
55,051,906
0
4,939,535
0
2,902,353
3,143,630


District and railroad


1968


Southern District Total ..................$164,444,775


Alabama Great Southern ..................... 3065.975
Central of Georgia ......................... 4168,918
Cincinnati, N. O. & Texas Pacific .......... 10,308,571
Clinchfield ................................ 9.430,809
Florida East Coast ......................... -307,883
Georgia Railroad, Lessee Organization ...... 649,194
Georgia,Southern & Florida ................. 1,500.129
Gulf, Mobile and Ohio ...................... 10,3900160
Illinois Central .............. .......... 15,930,861
Louisville and Nashville ................. 35,079,449
New Orleans and Northeastern ............... 1,491.949
Norfolk Southern ........................... 839,383
Piedmont and Northern ...................... 1,028,067
Savannah & Atlanta ......................... 645,758
Seaboard Coast Line ........................ 24,187,063
Southern ................................... 46,036,516

Western District Total .................. 373.441,519

Atchison, Topeka & Santa Fe ................ 48.096,591
Chicago & North Western /.................. -2.312.533
Chicago, Burlington & Quincy ............... 21.667,810
Chicago, Milwaukee, St. Paul & Pacific ..... 7247.471
Chicago, Rock Island & Pacific ............. -6.517,771
Colorado and Southern ...................... 2,873,805
Denver & Rio Grande Western ................ 13,929.699
Duluth, Missabe and Iron Range ............. 4,299.446
Duluth, Winnipeg & Pacific ................. 847,165
Fort Worth & Denver ........................ -138,137
Great Northern ............................. 20,574,160
Kansas City Southern ....................... 6,205,747
Lake Superior & Ishpeming .................. 588,286
Louisiana & Arkansas ....................... 3,259,558
Missouri-Kansas-Texas ....................... -768,545
Missouri Pacific ........................... 25,568.082
Northern Pacific ........................... 14,490,972
Northwestern Pacific ............... ...... 828,153
St. Louis-San Francisco .................... 18,649,682
St. Louis Southwestern .................... 24,252,505
Soo Line ................................. 8,835,729
Southern Pacific ........................... 65.160,641
Spokane, Portland and Seattle .............. 2,142,336
Texas & Pacific ............................ 6,534,371
Toledo, Peoria & Western ................... 652,919
Union Pacific .............................. 80,238.913
Western Pacific ............................ 6,234.464


NET RAILWAY OPERATING
INCOME


1967


$164,823,947


NET INCOME


1968

$119,635,684


1967

$130,260,977


DIVIDEND
APPROPRIATIONS


$73,136,741 $70,971,741


2,625,516 3,264,479 2,865,776 1,233,139 1,233,119
-1,653,925 2,154.578 $1,443 0 0
8,318,113 5,312,695 4,002,272 2,781,025 2,556,779
10,199,499 0 0 0 0
22,861 90.420 72,145 0 0
867,045 0 0 0 0
669,110 1,374,249 464,502 0 0
10,422,881 8,635,094 8,267,702 4,029,285 3.813,392
21,346,321 26&142,901 25,364,070 9,623.216 9,609,462
31,410,789 22,904,741 19;908,322 12,380,145 12.374,144
993,377 1,336,849 829,219 0 500,000
528,951 150,578 -186,982 0 0
1,087,920 1.339,622 1,414,525 836.999 772,614
540,375 554,677 480 277 0
29,941,111 12.232,037 27,28 9196 9177,767 18.023,693
47,504,003 34,142,764 39,494,434 23,077,166 21,688,523

337,522,924 3914387,792 367,877,154 270,072,696 2845,03,535


50,750,447
-10.639,938
18,756,621
11,439,385
-14,048,747
1,453,725
13,958,237
4,280,043
957,659
-246,044
15,591,981
6,158,334
899,898
2,645,444
-5,150,959
33,649,196
13,325,968
-681,652
16,921,963
26,678,304
4,616,207
52,521,146
2,396,919
5,296,227
535,394
81,457,919
3,999,247


51,540.608
-92.568
15,300,469
2.612.012
-4,805,163
2.458,715
11,531,498
6,056,406
412,405
-1,412,927
21,800,053
5,602,286
438,447
3,153,437
-2,971,890
16,899,411
25,184,816
1,171,388
12,527,567
25,987,193
6,375,407
74,859,899
1,175,870
6,563,637
673,720
102,734,205
5,650,651


53,585,360
4,849,351
14,250,549
12,955,925
-16,676,7597
1,209,807
11,250,254
6,081,697
22,899
-496,894
19,323,461
4,064,591
802,513
2,808,652
-10,421,538
32,472,533
23,455,765
-242,556
11,551,177
26,355,998
2,696,444
54,717,361
1,118,585
4,982,465
560,562
102,133,037
4,465,953


45,698,400
19.346,257
12,812,903
2,593,260
0
757,365
7,005,987
12.000,000
0
0
18,474,862
4,916,792
332,890
3,975,000
0
9,344,323
15,575,007
0
5,376,207
7,866,625
4,430,682
44,783,254
0
1,955,556
562,500
47,859,476
4.405,310


45,654,236
11,8809,62
12,812,903
4,769,923
0
757,536
7,007,647
010.000000
0
0
18,465,663
23,768,005
334,107
15,811,627
0
9,481.290
15,667,488
0
5,571,044
3,571,350
1,898,864
41,390,762
0
1,935,908
337,500
48,981,997
4,405,694


- Deficit or other reverse item.
1/ Report of trustees.
2/ Represents operations for six months ended June 30, 1968.
3/ Represents operations for the period July 1, December 31, 1968.
4/ Represents operations for three months ended March 31, 1968.


5/ Represents operations for the period April 1, December 31, 1968.
6/ Final report of trustees as of 11:59 P.M. December 31, 1968: To be included in Penn Central January 1, 1969.
7/ Includes operations of New York Central and Pennsylvania, which merged February 1, 1968.
8/ Includes operations of Chicago Great Western, which merged into Chicago & North Western July 1, 1968.


Page 2


GPO 873-951