Selected income and balance-sheet items of class I railroads in the United States - 1970

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Material Information

Title:
Selected income and balance-sheet items of class I railroads in the United States - 1970
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:
1970
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_00015
Classification:
lcc - HE2713 .Un321
ddc - 385.13 fU567s
System ID:
AA00000588:00015

Related Items

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

Full Text


az-c


UNIV.OF.O FL LI.







U.S. DEPOTORY


UNIVERSITY OF FLORIDA

IIIIIIIIIIIIIIIIIIIIIIIfIIIIIII INTERSTATE COMMERCE COMMISSION
3 1262 08851 4780 Bureau of Accounts


Statement No. Q-125 (Is)

First Quarter 1970


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


Compiled from IBS reports representing 73 Class I line-haul railroads


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 ..................


Income Account Items


UNITED STATES
For the first quarter of
1970 1969
$59*846,022 $141,860,181
115,137,912 105540,298
174,983,934 247,400s479
24,120s715 20,513,985
150,863,219 226,886,494


15,674,943
127,151.656
1,129,326
143,955,925
6,907,294
8,284s270
-1,376,976
16,855.620
0

0
16,855,620
15,478,644


15,317,417
107,340,758
1,112,054
123,770,229
103,116,265
8,498,018
94,618,247
0
830,797

0
830,797
95,449,044


* 113,836s298 ** 105,338,688
4,171,982 7,884,880

1.05 1.83
SOUTHERN DISTRICT
For the first quarter of
1970 1969


EASTERN DISTRICT
For the first quarter of
1970 1969


-$56,499,423
42,360,697
-14,138,726
6,313,466
-20,452,192

12,331,763
59,085,304
368,537
71,985,604
-92,437,796
1,369s137
-93,806*933
16,855,620
0

0
16,855,620
-76,951,313

29,110,813
231,080


$26,662,737
44,235,931
70,898,668
6,244,834
64#653,834

12,256,321
48,948,115
344,778
61,549,214
3,104,620
1,517,338
1,587,282
0
810,603

0
810,603
2,397,885

40,417,031
231,080


.00 1.05
WESTERN DISTRICT
For the first quarter of
1970 1969


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


21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
S32.
33.
Se 34.

a e


SI 48.
49.
50.
C 51.
ec 52.
e m53.
0g 54.
a 55.
56.


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 ...........................


Selected Assets and Liabilities


$49,235,551
13,308,629
62,544,180
3,829,748
58714,432

2,836,291
22s277,579
327,270
25,441,140
33,273,292
664,851
32,608,441
0
0

0
0
32,608,441


$47,623,152
11,668,663
59,291,815
3,273,995
56,017,820

2,906,088
19,084,507
337,343
22,327,938
33,689,882
666,165
33,023,717
0
0

0
0
33,023,717


16,614,116 15,624,430
1,094,909 2,359,548

2.31 2.51
UNITED STATES
Balance at the end of March
1970 1969


$224,684.075
741,153,605
76,761,423
6,166,287
54,221*603
431,540,983
353,815,037
22,922,373
746,020,206
23,624,437
32,316,600
531,843,794
63,589,428
3,308,659,851


$245,478,272
880.211,665
52,577,029
9,394,722
64,118,953
393,911,658
333,640,688
28,031,647
595,334,018
7,352,448
22,156,345
498,063,203
52,930,601
3,183,201,249


$67,109,894
59,468,586
126,578,480
13,977 501
112,600,979

306,889
45,788,773
433,519
46,529,181
66,071,798
6,250,282
59,821,516
0
0

0
0
59,821,516


$67,574,292
49,635,704
117.209,996
10,995,156
106,214,840

155,008
39,308#136
429,933
39,893,077
66,321,763
6,314,515
60,007,248
0
20,194

0
20,194
60,027,442


* 68,111,369 ** 49,297,227
2,845,993 5,294,252


Balance-Sheet Items Current Liabilities


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


UNITED STATES
Balance at the end of March
1970 1969


$282.817.814
70,180,041
376,318,369
163,310,204
54,077,167
21*265,318
107,455,370
25,140s669
1,281,072,233
124,577,535
283,721,437
246,481,676
3,036,417P833


8172,993,775
65,418,388
350.170,883
152,619,294
47.200,847
25,420,864
98,771,104
31,574,633
1,069,775,283
171,519,122
280,444,872
195,173,755
2.661,082,820


UNITED STATES
Balance at the end of March
1970 1969


EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-ROAD ..................... $69,166,374
EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-EQUIPMENT ................ 243978,846
INVESTMENTS IN STOCKS, BONDS, ETC., OTHER THAN THOSE OF AFFILIATED COMPANIES. 276,812,361
OTHER DEFERRED CHARGES ................................................... 188917,465
EQUIPMENT OBLIGATIONS AND OTHER DEBT DUE WITHIN ONE YEAR 4/. ................. 742,741,685
ANALYSIS OF TAXES ACCRUED:
U. S. GOVERNMENT TAXES ...................................................... 195,840,848
OTHER THAN U. S. GOVERNMENT TAXES ...................................... 212,458,124
OTHER DEFERRED CREDITS .................................................... 290,359,597


$77,378,794
232,661,717
286,717,199
294,936.096
613,813,987

243,233,760
208,730,234
262,400*089


* Includes $2,329,190 dividends on class A stock, neither classified as common or preferred.
** Includes $2,327,221 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 1970 shows 42 carriers with a net
income of $139,917,456 and 27 carriers with a net deficit of $124,438,812 as compared
with the first quarter of 1969 which showed 45 carriers with a net income of $150,253,680
and 24 carriers with a net deficit of $54,804,636. Excluded from the analysis are four
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 of report.


Subject to revise


"I


L ~I








INTERSTATE COMMERCE COMMISSION


Bureau of Accounts





SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS


FOR THE THREE MONTHS ENDED MARCH 1970 AND 1969


Page 2


District and railroad


NET RAILWAY OPERATING
INCOME


NET INCOME


DIVIDEND
APPROPRIATIONS


District and railroad


NET RAILWAY OPERATING
INCOME


NET INCOME


DIVIDEND
APPROPRIATIONS


1970


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. 2/
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 .......................
Norfolk and Western ..............
Penn Central Transportation Co....
Pennsylvania-Reading Seashore Lines
Pittsburgh & Lake Erie ............
Reading Company .................
Richmond, Fredericksburg & Potomac
Western Maryland ..................


$59,846,022

-56,499,423


147,759
-193,503
591,792
92.771
739,208
-2.,759169
91,919
-3,079,870
26.291
4,795,202
-299,034
111,807
-192,364
69,437
744,846
356,085
-3,748,131
-5,073,969
-14 165
-2.015,220
-8,012,468
361,388
776,501
267,429
15,934
24,268,885
-65,796,146
-1,069,618
2,751,437
-3,076,492
1,030,146
1,591,889


$141,860,181


$15,478,644


26,662,737 -76,951,313


228,164
146,768
3,385,074
316,941
867,298
-1,549.047
572,942
-1,718.870
-136,567
5,861,983
66,820
195,472
1,294,266
175,633
2,014,366
680,393
4,230,163
-2,817,325
34,050
-1,575s260
-4,678,492
-14,706
1,017s482
415,336
-63,915
25,234,258
-10,093,690
-893s332
2,537,189
-1,615,197
1,082,638
1,461*902


32,138
-337,480
758,979
-252,550
850,040
-3,752,916
0
-4,249,587
-125,160
2,731,782
-329,755
183,477
-305,119
51,938
508,305
1,038,828
-5,445,161
-53556,472
-98,207
-2,513,297
-7,883,372
28,704
627,740
-58,854
-550,379
14,432.287
*-66,625,981
-1,230,582
2,919,586
-3,913,140
1,315,385
797,510


1969


$95,449,044


1970


$118,008,280


1969


$113,223,568 Southern District Total ................


2,397,885 29,341,893 40P648,111


118,437
12,296
110,350
-59,318
1,033,074
-1,804,504
0
-2,791,200
-255,407
3,041,069
-500,464
243,998
896,966
131,288
2,299,684
930/476
2,313,014
-3,277,203
-99,024
-2,110,190
-4,624s862
-357,428
806,191
349,007
-544,815
17,836,862
-12,763,914
-1,055,426
2,660,664
-2,419,581
1,373,417
904,428


0
0
0
0
149,988
0
0
0
0
8,683,158
0
0
2,000,000
60/000
0
0
0
0
0
0
0
9,914
2,001,536
0
0
13,976,960
0
0
1,062,957
0
611,472
785,908
6ooo














785r908


508,128
0
0
0
149/988
0
0
0
0
8,649,656
0
0
0
60,000
245s333
0
0
0
0
0
0
9/914
0
0
0
14,096/846
14,4654359
0
1,062,957
0
613,922
785,908


Includes $16,855,620 extraordinary items reported pending approval of the Commission.
Deficit or other reverse item.
Combined report of corporation and trustees.
Report of trustees.
Includes operations of Piedmont & Northern, which merged July 1, 1969.
Includes operations of Great Northern, Northern Pacific and Chicago, Burlington & Quincy.
Includes Kansas City Southern and Louisiana & Arkansas.
Final report, merged into Texas & Pacific March 31, 1970.
Initial report.


Alabama Great Southern ....................
Central of Georgia ........................
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 ..................
Norfolk Southern .........................
Savannah & Atlanta ........................
Seaboard Coast Line 3/ ....................
Southern ..................................


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


Atchison, Topeka & Santa Fe...............
Burlington Northern 4/ ....................
Chicago & North Western ...................
Chicago, Milwaukee, St. Paul & Pacific ....
Chicago, Rock Island & Pacific ...........
Colorado and Southern .....................
Denver & Rio Grande Western ...............
Duluth, Missabe and Iron Range ............
Duluth, Winnipeg & Pacific ................
Fort Worth & Denver .......................
Green Bay & Western ....... ...........
Kansas City Southern 5/ ..................
Kansas, Oklahoma and Gulf 6/ ..............
Lake Superior & Ishpeming ................
Missouri-Kansas-Texas.....................
Missouri Pacific ..........................
Northwestern Pacific ......................
Oregon Electric 7/ ........................
St. Louis-San Francisco ...................
St. Louis Southwestern ....................
Soo Line ..................................
Southern Pacific Transportation Co........
Texas & Pacific ...........................
Toledo, Peoria & Western .....................
Union Pacific .............................
Western Pacific ...........................


1970

$ 49,235,551


853*351
1,210,970
2,999,741
2,749,124
89,578
170,145
688,903
2,710,239
6,612,980
7,355,084
166,707
296,787
9,798,542
13,533,400


1969


$ 47,623,152 $ 32,608,441 $ 33,023,717 $ 17,709,025 $ 17,983,978


-255,362
593,031
2,572,759
2,661,706
-106,424
218,906
547,310
2,581,684
5,690,629
8,387,875
163,693
230,398
11,057,696
13,279.251


804,650
751,522
1,971.747
0
28,274
0
616,705
1,932,377
4,517,280
3,803,016
30,199
293,729
8,760s490
9,098,452


-427,869
160,963
1,535,457
0
63,705
0
610,958
1,911,783
4,167,629
5,480,203
22,581
236,585
9,403,849
9,857,873


784,725
0
0
0
0
0
0
792,027
2,743,293
2,476,580
0
0
4,987,778
5,924,622


2840075
0
0
0
0
0
68,400
745,432
2.406,397
2s476*429
0
0
4,929,231
7.074,014


67,109,894 67,574,292 59,821,516 60,027,442 70,957,362 54,591,479


11,251,077
2,279,330
-1,703.347
-3,398,275
-2,895,848
840,581
3,189,685
-1,106,317
485,834
559,374
77,338
2,865,778
789.621
-527,762
-1,222,*96
7,740.470
-446,971
-33,530
4,652,143
6,721,044
1,786,850
15,670,568
2,276,906
216,336
19,410,060
-2,368,455


17,906,591
2,336,539
-8,707,827
-3,780,766
-4,031,857
560,097
3,425,757
-1,009,791
-38,014
-414,842
-1,087
2,758,783
656,259
-923,181
31,926
7,992,439
-202/207
51,240
4,831,570
8,161,791
1,528,271
17,128,697
2,360,903
240/532
16,198,579
513,890


14,142,836
-1,114,875
-4,675S075
-5,870,036
-3,461,930
807,279
2,679,099
-611,S80
381,160
494,440
76,466
2,025,442
615,373
-520,333
-1,786,986
7,441,237
-122,695
-18,314
2,779,850
8,581,251
1,155,844
15 ,747,,262
2,677,788
208,473
21,218,516
-3,028,976


16,965,957
1,197,763
-9,488,062
-6,393,879
-2.957,741
455,510
2,817,899
-568,760
-147,227
-491,774
1,368
1,603,690
511,473
-946,713
-562,731
4,636,647
-156,544
58#239
2,915,945
8, 153973
905,225
18,866,301
1,664,453
232,931
20,4038658
149,841


9,900,000
8,763,076
0
0
0
0
1s741,057
0
0
0
97,470
1,195,418
0
83,204
0
2,329,190
0
0
1,557S341
994,185
0
29,536,251
1,955,552
90,000
12,714,618
0


9,875/011
8,589,689
15.404
2,593,260
0
0
1.741,057
0
0
0
100,700
701P687
0
83,204
0
2,327/221
0
0
1,427,552
994,185
0
12/213/615
0
112/500
12P7140618
1/101,776


GPO a895. i


r









/Subject to revisit
Subject to revisi


UNIVERSITY OF FLORIDA

NIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIIIII IIII NTRINTERSTATE COMMERCE COMMISSION
3 1262 08851 4939 Bureau of Accounts


fTc


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


Compiled from IBS reports representing 72 Class I line-haul railroads


Income Account Items


UNITED STATES
For the second quarter of
1970 1969


For the six months of
1970 1969


EASTERN DISTRICT
For the second quarter of For the six months of
1970 1969 1970 1969


NET RAILWAY OPERATING INCOME......................
OTHER INCOME ................... ..................
TOTAL INCOME ................................
MISCELLANEOUS DEDUCTIONS FROM INCOME.............
INCOME AVAILABLE FOR FIXED CHARGES .............
FIXED CHARGES:
RENT FOR LEASED ROADS AND EQUIPMENT ..........
INTEREST DEDUCTIONS 1/ .........................
AMORTIZATION OF DISCOUNT ON FUNDED DEBT.......
TOTAL FIXED CHARGES .........................
INCOME AFTER FIXED CHARGES .....................
OTHER DEDUCTIONS ..................................
ORDINARY INCOME ..................................
EXTRAORDINARY ITEMS-NET ...........................
PRIOR PERIOD ITEMS-NET ............................
FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR
PERIOD ITEMS ....................................
TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS.....
NET INCOME 2/ ..................................


$157,747,672
112P789,550
270,537,222
38,722,067
231,815,155

15,515,366
131,092,929
1,351 184
147,959,479
83,855,676
8,241,814
75,613,862
0
0


$210,791,716
114,121,694
324,913,410
23,908,402
301,005,008

15,603,815
111,213,624
1,140,530
127,957,969
173,047,039
8,420,738
164,626,301
3,449,723
2,304,552


0 678,687
0 5,075,588
75,613,862 169,701,889


$217,639,565
227,962,435
445,602,000
62,842,940
382,759,060

31,190,309
25S8244,585
2,480,509
291,915,403
90,843,657
16,526,084
74,317,573
16,855,620
0


$352,688,523
219,711,023
572,399,546
44,422,260
527,977,286

30,924,232
218,554,382
2,252,584
251,731,198
276,246,088
16,918,756
259,327,332
3,449,723
3,135,349


0 678,687
16,855,620 5,906,385
91,173,193 265,233,717


19. DIVIDENDS ON COMMON STOCK ........................ *103,138,028 128,167,228 ** 218,232,242 ** 233,505,916
20. DIVIDENDS ON PREFERRED STOCK ...................... 888,207 4,707,878 6,558,453 12,592,758


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 ........ .


a






-Ii

















o
Ch


0e


). E
o .


c
ioe


1.57 2.35

SOUTHERN DISTRICT
For the second quarter of


1970
$49,77,261
21,465,112
71,242,373
3,758,213
67,484,160


1969
$52,363,435
15,028,473
67,391,908
3,791,398
63,600,510


2,921,906 3,156,646
23,106,322 19,560,007
401,330 341,033
26,435.558 23,057,686
41,048,602 40,542,824
663,797 664,082
40,384,805 39,878,742
0 3,449,723
0 0


For the six months of


1970
$99,058,683
34,808,714
133,867,397
7,588,119
126,279,278

5,764,197
45,383,901
728,599
51,876,697
74,402,581
1,328,648
73,073,933
0
0


1969
$100,023,213
26,746,167
126,769,380
7,065,266
119,704,114

6,065,734
38,644,514
678,376
45,388,624
74,315,490
1,330,247
72,985,243
3,449,723
0


O 480,000
O 2,969,723
73,073,933 75,954,966

35,024,305 32,671,845
2,687,951 3,592,849


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 ...........................


$249,411,653
847 976s649
50,800,039
8,767,380
59,348,486
388,629,729
330,07.,132
32,494,329
618,702,290
71369 516
26,265,066
519,273,197
44,940,182
3,184,051,648


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 ......................................................


$12,381,103
34,924,736
47,305,839
22,912,021
24,393,818

11,961,288
60,942,425
421,581
73,325,294
-48,931,476
1,365,146
-50,296,622
0
0

0
0
-50,296,622


$59,635,778
48,795,344
108,431,122
7,116,464
101,314,658

12,279,331
51,418,559
339,423
64,037,313
37,277,345
1,508,198
35,769,147
0
1,187,817


$44,118,320
77,285,433
33,167, 13
29,225,487
3,941,626

24,493,051
120,027,729
790,118
145,310,898
-141,369,272
2,734,283
-144,103,555
16,855,620
0


367*862 0
819,955 16,855,620
36,589,102 -127,247,935


$86,298,515
93,031,275
179,329,790
13,361,298
165,968,492

24,535,652
100,366,674
684,201
125,586,527
40,381,965
3,025,536
37,356,429
0
1,998,420

367,862
1,630,558
38,986,987


26,655,031 55,120,871 55,765,844 95,537,902
163,006 163,449 394,086 394,529

0.33 1.58 0.03 1.32

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


1970
$95,589,308
56,399,702
151,989,010
12,051,833
139,937,177

626,172
47,044,182
528,273
48,198,627
91,738,550
6,212,871
85,525,679
0
0


1969
$98,792,503
50,297,877
149,090,380
13,000,540
136,089,840

167,838
40,235,058
460,074
40,862,970
95,226,870
6,248,458
88,978,412
0
1,116,735


0 -169,175
0 1,285,910
85,525,679 90,264,322


* 58,072,808
630,423

2.90


Balance-Sheet Items Current Liabilities


. LOANS AND NOTES PAYABLE 3/...............
. TRAFFIC AND CAR-SERVICE BALANCES--CR....
. AUDITED ACCOUNTS AND WAGES PAYABLE ......
. MISCELLANEOUS ACCOUNTS PAYABLE ..........
. INTEREST MATURED UNPAID .................
. DIVIDENDS MATURED UNPAID ................
. UNMATURED INTEREST ACCRUED ..............
. UNMATURED DIVIDENDS DECLARED ............
. ACCRUED ACCOUNTS PAYABLE ................
. FEDERAL INCOME TAXES ACCRUED ............
. OTHER TAXES ACCRUED ....................
. OTHER CURRENT LIABILITIES ...............
TOTAL CURRENT LIABILITIES ............


1970
$162,699,202
115,868,288
278,567,490
26,029,334
252,538,156

933,061
92,832,955
961,792
94,727,808
157,810,348
12,463,153
145,347,195
0
0

0
0
145,347,195


1969

$166.366,795
99,933,581
266,300, 76
23,995,696
242,304,680

322,846
79,543,194
890,007
80,756,047
161,548,633
12,562,973
148,985,660
0
1,136,929

-169,175
1,306,104
150,291,764


* 55,998,942 **127,442,093 **105,296,169
3,311,128 3,476,416 8,605,380


3.33


2.67


3.00


UNITED STATES
Balance at the end of June
1970 1969
$313,095,443 $148,600,759
77,193,738 74,453,965
408,037,790 352,396,445
178,751,797 167,322,704
48,467,727 47,956,528
20,177,471 22,524,759
110,699,259 100,837,600
29,339,017 50,018,001
1,321,492,085 1,071,276,946
78,933,564 168,544,911
302,984,103 283,165,364
275,335,360 186,704,392
3,164,507,354 2,673,802,374


UNITED STATES
Balance at the end of June
1970 1969
160,768,367 $174,839,583 Includes dividends of $2,329,190 for 1970 and $2,328,878 for 1969 on class A stock.
515,672,586 450,216,735 ** Includes dividends of $4,658,380 for 1970 and $4,656,099 for 1969 on class A stock.
247,614,272 285,863,237 1/ Represents accruals, including the amount in default.
182,649,522 371,977,724 2/ Analysis of the net income for the second quarter in 1970 shows 48 carriers with a net
678,956,683 579,280,188 income of $191,330,782 and 20 carriers with a net deficit of $115,716,920 as compared
with the second quarter of 1969 which showed 50 carriers with a net income of $205,055,539
156,112,745 240,089,514 and 18 carriers with a net deficit of $35,353,650. Excluded from the analysis are four
225,804,922 211,620,761 roads whose net income (or deficit) was absorbed by the controlling company.
276,649,799 323,627,974 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 of report.


Statement No. Q-125 (M3)

Second Quarter 1970


U.'NI.JC I T.


U.S ---. DEPO-T.


U.S. DEPOiTORY








INTERSTATE COMMERCE COMMISSION


Bureau of Accounts





SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS

FOR THE SIX MONTHS ENDED JUNE 1970 AND 1969


District and railroad


yET RAILWAY OPERATING
INCOME


NET INCOME


DIVIDEND
APPROPRIATIONS


District and railroad


NET RAILWAY OPERATING
INCOME


United States Total .............. $217,639,565 $352,68.8523


Eastern District Total .......... -44,118,320


Akron, Canton & Youngstown ........ 363,585
Ann Arbor ......................... -289,884
Baltimore and Ohio ............... 10,046,745
Bangor & Aroostook ................ 780, 722
Bessemer & Lake Erie .............. 3,795,810
Boston & Maine 1/ ..... ......... -2,882,193
Canadian Pacific Lines in Maine ... -158,162
Central Railroad Company of N.J. 2/ -4,734,888
Central Vermont ................... 387,442
Chesapeake and Ohio ............... 20,038,347
Chicago & Eastern Illinois ........ -479,542
Chicago & Illinois Midland ........ 197,597
Delaware and Hudson ............... 701,515
Detroit and Toledo Shore Line ..... 327,114
Detroit, Toledo and Ironton ....... 1,374,788
Elgin, Joliet and Eastern ......... 796P895
Erie Lackawanna ................... -372,564
Grand Trunk Western ................ -8504,499
Illinois Terminal ................. 58,019
Lehigh Valley .................... -2,491,035
Long Island ....................... -14,263>819
Maine Central ..................... 241,386
Missouri-Illinois ................. 1,626,329
Monon ............................. 36k,983
Monongahela ....................... 165,738
Norfolk and Western ............... 53,53p 185
Penn Central Transportation Co. 2/ -110,822,257
Pennsylvania-Reading Seashore Lines -2,198,329
Pittsburgh & Lake Erie ............. 6,217,946
Reading Company ................... -3,863,901
Richmond, Fredericksburgi& Potomac 2,182,874
Western Maryland ................. 3,747,733


$91,173,193


86,298,515 -127,247,935


529,537
-304,640
16,087,284
1,120,067
3,013,542
-1,296,780
810,962
-2,846,901
-178,539
17,891,540
915,759
176,605
3,266,818
393,697
2,720,987
1,344,340
8.694.671
-6,493,064
-136,792
-2.234,038
-8,289,896
332,052
2,075,42
755,827
-89.197
55,991,921
-17,585,755
-1,680,627
5,646,221
-244l140
2,169,642
3,736,070


125,446
-573,751
7,175,195
528,772
4,065,491
-5,043,911
0
-7,004,494
311,916
15,349,077
-527,975
308,419
431,252
264,271
938,441
1,950,054
-4,351,628
-9,553,055
-37,704
-3,535,438
-15.966,725
-340>0489
1,291,439
-159,028
S-930,402
33,.735,054
* -149,405,531
-2,.518,34
S6,483,942
4-,983,747
2,725,032
2,000,676


$265,233,717


$224,790,695


$246,098,674 Southern District Total ................


38,986,987 56,159,930 95,932,431


316,300
-583,588
9,157,181
379,729
3,117,351
-2,356,791
0
-5,086,125
-429,456
13,355,758
414,161
284,161
2,468,153
306,968
3,832,179
2,829,406
4,270,525
-7,733,153
-317,673
-3,261,045
-8,149,124
-331,772
1,672,507
489,076
-1,060,107
39,288,077
-21,018,826
-2,003,968
5,761,234
-1,842,590
2,768,319
2,450,120


0
0
0
0
209,988
0
0
0
17,366,355
0
0
2,000,000
120,000
0
0
0
0
0
0
0
557,888
2,001,536
0
0
28,961,876
0
0
2,125,914
0
1,244,557
1,571,816


Includes $16,855,620 extraordinary items reported pending approval of the Commission.
Deficit or other reverse item.
Combined report of corporation and trustees.
Report of trustees.
Entered into reorganization June 21, 1970 under the Bankruptcy Act.
Includes operations of Piedmont & Northern, which merged July 1, 1969.
Includes operations of Great Northern, Northern Pacific and Chicago, Burlington & Quincy.
Includes Kansas City Southern and Louisiana & Arkansas.
Includes operations of Kansas, Oklahoma & Gulf, which merged March 31, 1970.


Alabama Great Southern ...................
Central of Georgia .......................
508,128 Cincinnati, N. 0. & Texas Pacific ........
0 Clinchfield ..............................
0 Florida East Coast ........................
0 Georgia Railroad, Lessee Organization ....
209s988 Georgia Southern & Florida ...............
0 Gulf, Mobile and Ohio ...................
0 Illinois Central .........................
0 Louisville and Nashville .................
0 Norfolk Southern .........................
17,334,554 Savannah & Atlanta .......................
0 Seaboard Coast Line 4/ .................
0 Southern .................................
0
120s000
490,666 Western District Total .................
0
0
0 Atchison, Topeka & Santa Fe ..............
0 Burlington Northern 5/ ....................
0 Chicago & North Western ...................
0 Chicago, Milwaukee, St. Paul & Pacific ....
537,979 Chicago, Rock Island & Pacific ...........
0 Colorado and Southern ...................
193,117 Denver & Rio Grande Western ...............
0 Duluth, Missabe and Iron Range ...........
28,193,691 Duluth, Winnipeg & Pacific ...............
43,396*375 Fort Worth & Denver ......................
0 Green Bay & Western .......................
2,125s914 Kansas City Southern 6/ .................
0 Lake Superior & Ishpeming ................
1,250,203 Missouri-Kansas-Texas ....................
1,571,816 Missouri Pacific .........................
Northwestern Pacific ......................
Oregon Electric .........................
St. Louis-San Francisco ..................
St. Louis Southwestern ....................
Soo Line .................................
Southern Pacific Transportation Co. .......
Texas & Pacific 7/ ........................
Toledo, Peoria & Western ..................
Union Pacific
Union Pacific...........................
Western Pacific..........................


1970 1969

$99,058,683 $ 100,023,213


2,011,238
2,061,001
6,541,892
5,855,379
263,075
282,876
1,220,307
4,828,872
11,325,620
15,964,966
265,954
572,400
18,590,589
29,274,514


762,309
-171,647
5,845*263
5,614,247
48S147
418,787
1,050,665
5,289,261
11,215,326
19,300,280
260,746
337,466
22,229,092
27,823,271


$ 73,073,933


2,013,811
1,248,642
4,570,657
0
164,754
0
1,056,905
3,568,509
11,585,486
8,245,629
183,519
557,096
18,240,715
21,638,210


$ 75,954,966


688,231
-979,964
3,761,901
0
48,254
0
1,120,957
4,034,208
9,630,473
16,081,003
8,488
342,721
19,461,736
21,756,952


$ 37,712,256


784,725
0
1,794,000
0
0
0
0
1,570,092
5,486,586
4,953,160
0
0
9,975,557
13,148,136


* 36,264,694


1,180903
851,970
897,000
0
0
0
68,400
1,538,730
4,812o795
4,952,859
0
0
10,0600581
11,901,456


162,699,202 166,366,795 145,347,195 150,291,764 130,918,509 113,901,549


22,450,200
9,736,346
670,360
-6,738,096
-7,405,821
1,308,081
6,814,733
1,616,251
662,785
454,245
131,431
5,471,455
105,984
-2,096,363
15,223,533
-494,208
-46,285
9,839,716
15,029,494
3,780,385
38,160,203
5,523,877
229,294
44,232,850
-1,961,248


36,692,394
14,314,951
-11,280.135
-5,731,234
-6,218.050
1o442,708
7,006,367
1,391,354
114.137
311,753
103,722
5,367,316
-75,079
15,868
15,186.983
195,634
139,363
10,049680
14,856,121
3,605,306
35,729,886
5,508s382
404,279
36,326,094
908,995


24,503,014
3,431,846
-2,845,032
-11,446,448
-8,124,987
1,241,296
6,039,218
2,706,357
506,381
247,438
129,199
3,896,694
105,409
-3,160,385
9,780,094
-114,934
-22,920
6,077,074
16,826,683
2,725,702
40,997,327
5,032,604
206,852
49,918,543
-3,309,830


34,880,510
11,705,475
-14,125,078
-10,392,673
-5,310,011
1,263,599
5,830,748
3,538,246
-97,721
89,704
110,065
3,643,248
-138,138
-1,072,223
6,382s263
348,286
174,480
6,648,052
14,960,125
2,413,318
40,397,411
3,951,403
385,729
44,305,565
399,381


23,576,000
17,804,768
0
0
0
0
3,482,115
0
0
0
97,470
2,390,748
166,407
0
4,658S380
0
0
3,114,683
5.289.460
1,265,909
41,749,866
3,213,468
180/000
23,929,235
0


22,854,342
17,203,*91
15,404
2,593,260
0
0
3,482,115
0
0
0
100,700
1,403,049
166,407
0
4,656/099
0
0
2,984*881
5,289,460
1,265,909
24,427,229
0
225,000
23,929,235
3,304,568


GPO 897.840


Page 2


NET INCOME


DIVIDEND
APPROPRIATIONS







c- / se.


Subject to revis


UNIVERSITY OF FLORIDA

I11111il I llIIIII III IIII llllI INTERSTATE COMMERCE COMMISSION
3 1262 08851 5084 Bureau of Accounts


Statement No. Q-125 (ir)
Third Quarter 1970


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


Compiled from IBS reports representing 72 Class I line-haul railroads


Income Account Items


For the third quarter of


UNITED STATES


For the nine months of


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


NET RAILWAY OPERATING INCOME ..................
OTHER INCOME .....................................
TOTAL INCOME ... ................................
MISCELLANEOUS DEDUCTIONS FROM INCOME ..............
INCOME AVAILABLE FOR FIXED CHARGES .............
FIXED CHARGES:
RENT FOR LEASED ROADS AND EQUIPMENT ............
INTEREST DEDUCTIONS I/ ........................
AMORTIZATION OF DISCOUNT ON FUNDED DEBT ........
TOTAL FIXED CHARGES.......................
INCOME AFTER FIXED CHARGES .....................
OTHER DEDUCTIONS ..................................
ORDINARY INCOME ..................................
EXTRAORDINARY ITEMS-NET ...........................
PRIOR PERIOD ITMS-NET.........................
FEDERAL INCOME TAXES ON EXTRAORDINARY AND PRIOR
PERIOD ITEMS ....................................
TOTAL EXTRAORDINARY AND PRIOR PERIOD ITEMS .....
NET INCOME 2_/ ..................................


1970
$109,433,102
102,730,045
212*163*147
28.753.314
183,409,833

15,591,469
131,882,886
1*172,022
148,646,377
34,763,456
8,220,514
26*542,942
-1,240,461
-4,110,457


1969
$139,330.997
126,120.421
265,451.418
21,970,742
243,480,676

15,347,717
115,827,761
1.131,028
132,306.506
111,174,170
.6424. 175
102,749.995
0
-2,452,505


1970
S327.072.667
347,548.100
674,620.767
91,596,254
583,024,513

46,781,778
390.212,171
3.567,831
440,561.780
142,462.733
24,746s598
117.716.135
-1l240.461
-4,110.457


1969
$492,019,520
345,831,444
837,850,964
66,393,002
771,457,962

46,271,949
334,382,143
3.383#612
384,037,704
387.420s258
25,342,931
362,077,327
3,449,723
682.844


94,941 5,371,995 94,941 6.050s682
-5,445,859 -7.824,500 -5,445,859 -1.916.115
21,097,083 940925,495 112,270,276 360.159,212


19. DIVIDENDS ON COMMON STOCK ......................... 85,251,059 94,591,212 ** 303.483,301 ** 328,098,128
20. DIVIDENDS ON PREFERRED STOCK ...................... 2,801,226 2,070.944 9,359,679 14,663,702


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 .................


1.23 1.84
SOUTHERN DISTRICT
For the third quarter of


1970

$47;855,504
17,551s208
65,406,712
5.128,.66
60.278,146

2,722,757
23.523,686
317,083
26.563,526
33,714,620
663s589
33,051*031
0
0


1969

$39,168,169
16,274,007
55,442,176
3,810,211
51,631,965

2,814,143
20,254,304
337,614
23,406.061
28,225,904
667P652
27,5586252
0
21,432.124


0 8,695,877
0 12,736,247
33,051.031 40,294,499


1.32


For the nine months of


1970

$146,914.187
52,359.922
199,274,109
12.716,685
186,557,424

8*486#954
68,992,287
960.982
786440.223
100 117,201
1,992,237
106,124,964
0
0


1969

$139,191,382
43.020,174
182.211,556
10.875,477
171,336,079

8,879,677
58.898.818
1,015,990
68,794,685
1025,41,394
1997,899
100s343.495
3,449s723
21,432,124


0 9,1759877
0 15,705,970
106,124.964 116#249p465


17.541,932 16.616,895 52,566*237 49,289,740
427,518 110778 3,115,469 3,703,627


1970
$-26,775,155
32,525s602
5,750.447
6,665#833
-615,386

12.230111
60.361,028
373,236
72,964,375
-7)3879,761
1,360.846
-75,240.607
-772,999
1,206s835


1969
$17.031.381
54,089,048
71.120,429
6#693,379
64.427,050

12.3590095
54#642,796
336s467
67,538,378
-3#111,328
1,506.276
-4,617,604
0
-23s,84.629


67,404 *3*3231882
366P432 -20,560,747
-74,874.175 -25,178,351


1970
$-70#893P 475
126j666,655
55*773a,80
35,891,320
19,881,860


1969
$103.329.696
147,120,323
250.450,219
20,054.677
230.3915P42


36,723,162 36.894*747
180,386,757 155.209,470
1,163,354 1.020.618
218,275,273 193,124,905
-1906393.413 37,270,637
4,095,129 4.531,812
-202,488,542 32.7381825
-772.999 0
1.206.835 -21,S86.209


67,404
366,432
-202,122,110


-2,956,020
-18.930,169
13P808.636


231519,510 25,579,233 79s285s354 121,117t,35
243.265 253,359 637.371 647*688

.00 0.95 0.09 1.19
WESTERN DISTRICT
For the third quarter of For the nine months of


$88,352,753
52,653,235
141,005.988
16.958,915
124*047,073

638,601
47,998,172
481.703
49,118,476
74,928,597
6,196,079
68,732.518
-467,462
-5,317,292

27A537
-5.812,291
62,920.227

* 44,189,617
2,130,423

2.53


1969

$834131.447
55,757,366
138,888,813
11,467,152
127,421,661

174.479
40,730.661
456,927
41,362,067
866059,594
6,250.247
79,809,347
0
0


1970

$251,051.955
168,521,523
419,573,476
42,988,249
376,585,229

1.571,662
140,831,127
1,443,495
143,646.284
232,738,945
18,659,232
214,079,713
-467p462
-5.317,292


1969

$249.49|6242
155,690.947
405,189,189
35,462,848
369,726.341

497,325
120,273,855
1.346*934
122,118,114
247.6068227
18.813.220
228,795,007
0
1.136.929


0 27.537 -169,175
0 -5,812,291 1,306,104
79,809,347 208,267,422 230.101,111

* 52,395,084 ** 171,631,710 **157,691,253
1.706,807 5,606.839 10,312.187


UNITED STATES

Balance at the end of September
1970 1969


CASH .............................................. 236,498.916 $170,513,044
TEMPORARY CASH INVESTMENTS ........................ 739,640.978 798,287.074
SPECIAL DEPOSITS .................................. 34,053,404 42,026,357
LOANS AND NOTES RECEIVABLE ........................ 5,281,300 12,906,411
TRAFFIC AND CAR-SERVICE BALANCES--DR.............. 58,900,381 62,161,662
NET BALANCE RECEIVABLE FROM AGENTS AND CONDUCTORS 471,330,740 412,981,374
MISCELLANEOUS AGCOUNTS RECEIVABLE ................. 386.538,285 340,470.293
INTEREST AND DIVIDENDS RECEIVABLE ................. 23,450,277 26,013,728
ACCRUED ACCOUNTS RECEIVABLE ....................... 764,408,852 663*032.462
WORKING FUND ADVANCES ............................. 27.916.956 7,454.202
PREPAYMENTS ...................................... 31,365,217 26,6860265
MATERIAL AND SUPPLIES ............................. 551,363,731 509,923,092
OTHER CURRENT ASSETS .............................. 69,735,463 33,670,556
TOTAL CURRENT ASSETS ................. ......... 3,400,484,500 3,106,120.520

UNIT
Selected Assets and Liabilities
Balance at ti
1970
EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-ROAD ..................... $256,634s101
EXPENDITURES (GROSS) FOR ADDITIONS AND BETTERMENTS-EQUIPMENT ............... 761,378,080
INVESTMENTS IN STOCKS, BONDS, ETC., OTHER THAN THOSE OF AFFILIATED COMPANIES. 246,069.651
OTHER DEFERRED CHARGES ....................................................... 185,270650
EQUIPMENT OBLIGATIONS AND OTHER DEBT DUE WITHIN ONE YEAR/ .................. 646,993,139
ANALYSIS OF TAXES ACCRUED:
U. S. GOVERNMENT TAXES ...................... ................. 16 037,127
OTHER THAN U. S. GOVERNMENT TAXES ....................................... 2680382,209
OTHER DEFERRED CREDITS ..................................................... 287, 638,610


Balance-Sheet Items Current Liabilities


. LOANS AND NOTES PAYABLE / ..............
. TRAFFIC AND CAR-SERVICE BALANCES--CR. ...
* AUDITED ACCOUNTS AND WAGES PAYABLE ......
MISCELLANEOUS ACCOUNTS PAYABLE ..........
INTEREST MATURED UNPAID .................
DIVIDENDS MATURED UNPAID ................
UNMATURED INTEREST ACCRUED ..............
UNMATURED DIVIDENDS DECLARED ............
ACCRUED ACCOUNTS PAYABLE ................
FEDERAL INCOME TAXES ACCRUED ............
SOTHER TAXES ACCRUED .....................
OTHER CURRENT LIABILITIES ...............
TOTAL CURRENT LIABILITIES ............


ED STATES

he end of September
1969
$288,116,544
748,558g350
263,837,153
390,462,596
630,682,880
243,484.749
239,520,539
319,1035S81


UNITED STATES

Balance at the end of September
1970 1969


$180.202.430
71,376,179
460.573,916
167,731,401
44,344,509
21,476,813
108,553.740
18.979,764
1,422,849.225
89,755,848
346,663,488
232,230s218
3,164,737,531


$121.071,863
57,715,543
344,631,093
163,247.507
40,389,685
25s634,760
106,760.657
26,290,658
1,085,33s8587
170,731,794
312,273.494
1896007,135
2,643,092,776


* Includes dividends of $2,329,190 for 1970 and $2,329,190 for 1969 on class A stock.
** Includes dividends of $6,987,570 for 1970 and $6,985,289 for 1969 on class A stock.
1/ Represents accruals, including the amount in default.
2/ Analysis of the net income for the third quarter on 1970 shows 44 carriers with a net
income of $157,616,212 and 24 carriers with a net deficit of $136,519,129 as compared
with the third quarter of 1969 which showed 42 carriers with a net income of $161,768,355
and 26 carriers with a net deficit of $66,842,860. Excluded from the analysis are four
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 of report.


a
I,

I

I
*1


Balance-Sheet Items Current Assets


CO





} L!





i P
I,








INTERSTATE COMMERCE COMMISSION


Bureau of Accounts


Page 2


SELECTED INCOME ITEMS BY DISTRICTS, CLASS I RAILROADS


FOR THE NINE MONTHS ENDED SEPTEMBER 1970 AND 1969


District and railroad


NET RAILWAY OPERATING
INCOME


NET INCOME


DIVIDEND
APPROPRIATIONS


1970


District and railroad


1969


NET RAILWAY OPERATING
INCOME


1970


1969


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

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


Akron, Canton & Youngstown ........
Ann Arbor .........................
Baltimore and Ohio ...............
Bangor & Aroostook ................
Bessemer & Lake Erie ..............
Boston & Maine 1/ .................
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 2/ ..................
Long Island ......................
Maine Central....................
Missouri-Illinois ................
Monon ............................
Monongahela .......................
Norfolk and Western ...............
Penn Central Transportation Co. 1/
Pennsylvania-Reading Seashore Lines
Pittsburgh & Lake Erie ............
Reading Company ...................
Richmond, Fredericksburg & Potomac
Western Maryland .................


$327*072,667

-70,893*475


470*558
-173,073
15,794*310
520,677
5S946,524
-3*264,939
-407,674
-6*7480338
495,184
27,254*819
-203*984
159,820
662*377
408*397
1,927,681
18518P551
-1,719,957
-19,188*019
87,302
-3,503*759
-19,766,864
272*862
2,314,635
859,263
71*000
80,703,753
-166*548,999
-3,125,466
9*450,063
-4,034,003
3,009*010
5,864,814


$492,019,520

103,329,896


752,314
-494*493
20,353.491
1,414*095
5,638.890
-1,850,821
255*734
-3,646,585
20*534
26,241,461
-31792
74*620
4s040*467
537,394
2,393,362
1,924,517
7,0901970
-12*984,392
-142*693
-2,487*010
-13,531*477
2698481
3,036,931
667*849
-453*819
83,156.693
-32,367*499
-2,852,738
86389,336
-101*544
2,907,440
5,110180


$112*270s276

-202,122,110


124*697
-794,879
10,5086251
-57,037
6,270,978
-6,482,819
0
-10,116,396
257,827
23,971,650
-119.105
303*439
542,665
305,534
1*310,671
3,307,653
-7,991,601
-21,165,949
-119,958
-5.603,716
-21,084,370
-591,808
1,839,124
101,920
-1,565.383
50,356s121
-233,691,065
-3.610P802
9,609*793
-4,646,672
3*765,834
3,143,293


$360,159*212


$312*842*980


$342,761,830 Southern District Total ................ $ 146,914,187


13.808,636 79,922.725 121,765,023


395,739
-923*972
9,264,957
327,822
6,109,579
-4,882,855
0
-7,039,676
-372,589
20*398*686
-907,089
241,603
2,985,420
401,177
3*9620796
4*057*207
1*971,688
-15,259,935
-449,232
-4,559*020
-13,102*309
-680*325
2,486,693
156,742
-1,920s572
52,194,920
-49,032,314
-3,524,262
8,457,310
-3,447,511
3,417,139
3,073,819


0
0
0
0
359,976
0
0
0
0
26,049,576
0
0
2s000,000
180,000
0
0
0
0
0
0
0
557,888
2,001,536
0
0
41,349,512
0
0
3,188,871
0
1,877,643
2,357,723
o





















2.35?.723


Alabama Great Southern ...................
Central of Georgia .......................
508,128 Cincinnati, N. 0. & Texas Pacific ........
0 Clinchfield ..............................
0 Florida East Coast .......................
0 Georgia Railroad, Lessee Organization ....
359.976 Georgia Southern & Florida ..............
0 Gulf, Mobile and Ohio ..................
0 Illinois Central ........................
0 Louisville and Nashville .................
0 Norfolk Southern .........................
26,017,490 Savannah & Atlanta ......................
0 Seaboard Coast Line ......................
0 Southern .................................
100*000
180*000
858,666 Western District Total .................
0


0
0
0
0
0
547*893
0
193*117
0
42*170,537
43,396*217
0
3,188,871
0
1,886,405
2,357*723


Deficit or other reverse item.
Report of trustees.
Combined report of corporation and trustees.
Includes operations of Great Northern, Northern Pacific and Chicago, Burlington & Quincy.
Includes Kansas City Southern and Louisiana & Arkansas.
Includes operations of Kansas, Oklahoma & Gulf, which merged March 31, 1970.


Atchison, Topeka & Santa Fe..............
Burlington Northern 3/ ..................
Chicago & North Western .................
Chicago, Milwaukee, St. Paul & Pacific ...
Chicago, Rock Island & Pacific ..........
Colorado and Southern ....................
Denver & Rio Grande Western ..............
Duluth, Missabe and Iron Range ..........
Duluth, Winnipeg & Pacific ..............
Fort Worth & Denver ......................
Green Bay & Western ......................
Kansas City Southern 4/ ..................
Lake Superior & Ishpeming ................
Missouri-Kansas-Texas ....................
Missouri Pacific ........................
Northwestern Pacific .....................
Oregon Electric .........................
St. Louis-San Francisco ..................
St. Louis Southwestern ..................
Soo Line ................................
Southern Pacific Transportation Co ......
Texas & Pacific 5/ .......................
Toledo, Peoria & Western ................
Union Pacific ............................
Western Pacific ..........................


3,653,707
3,165,309
9,498*472
8,794,256
264,631
1,017,889
1,933,711
6,819,642
14,948,080
27,953,138
423,780
935,941
23,805,624
43,700,007


$139,191,382 $ 106,124*964 $ 116,249,465


1,194,891
327,512
8,143.222
8,624,819
581*148
634,672
1*147,756
7,508,893
15,810,878
26,377,461
218,306
453,834
27,765,540
40,402,450


3j763,268
2,031,021
6,557,377
0
133,201
0
1,657,651
4,966,098
15,054,593
15,957,487
207,633
911*287
22*269*734
32s615,614


968,309
-867,291
4,995,881
0
676,775
0
1,118,494
6,901,212
15,685*342
25,5880959
78,484
466,407
30,203,846
30,433,047


$ 55*681,706


1*s69*450
0
1*794,000
0
0
0
488,240
2*332,9533
6, 229ge79
7,429,040
0
0
14.963.335
18*874,529


251,051,955 249,498,242 208,267.422 230#101,111 177*238,549


30*941*182
170933.833
3,099,785
-8,787.012
-12,802,533
1,715,123
10*259.047
6,012,868
848,378
-249,054
182,959
7,850,433
468,396
-2,613,419
23,636,854
-606,364
-26,789
13,582,213
21,868,684
6,050*407
51,074.485
7,155*343
298,833
77,843,604
-4,685,301


45,181,050
29*217,972
-13,001,307
-7*935,102
-9,671,905
2,169*847
10s449*247
5*062p645
374*406
271,973
156,523
7*790*232
624*833
-623,933
20,995*810
43*783
115P304
14,361*244
21*330*434
5*348*694
50,8787591
7*680,622
419.130
57,071.430
1*1866719


31,384*873
7,940,435
-3,519,280
-115662,399
-13,633.870
1,608,197
9,444.811
7,628,176
590,536
-1,114,112
179,896
6,657,405
473,079
-6,160,756
13,700,259
-175,505
17,532
8,386,630
23,737 176
4,004*434
52,546,913
64013s651
265,530
84,726,932
-10*773*121


41,779,484
26.589,511
-17,912,066
-13,316*780
-8,853,516
1,944,885
8,805,057
7*866,383
62,219
-81,220
168*069
5,177*926
562,602
-2,283,809
9,482,772
295,015
168,727
9,231,125
21,502,779
3,532,482
56,156,835
7,090,913
403,457
71,356,036
372,225


30*976,000
22,845*201
0
0
0
0
5.223,172
0
0
0
97*470
s,585,778
249,611
0
'6*987,570
0
0
4,672,024
5,289*460
1,265*909
53*963*481
5.169.020
270,000
36*6431853
0


$ 52*993s367


1,180,903
851*970
1,794*000
0
0
0
68*400
2*332*015
7o556.088
7,429*289
0
1*000
15,048.359
16,731,343

168,003,440


32,729,352
25,818,143
15,404
2,593,260
0
0
5,223*172
0
0
0
100,700
2,104,372
249*611
0
6*985*289
0
0
4*542*223
5,289*460
1,265,909
36,640s844
4,159,780
337*500
36,643,*53
3,304,S68


NET INCOME


1970


DIVIDEND
APPROPRIATIONS


1969


GP0 903.752