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FINANCIAL RESULTS OF OPERATIONS
 
HERE IS WHAT WE EARNED
OPERATING REVENUES
Freight
1962...$209,222,917
1961...$204,862,561
Passenger
1962...$11,690,756
1961...$10,069,969
Mail
1962...$8,813,235
1961...$8,664,408
Express
1962...$1,489,278
1961...$1,441,369
Other transportation revenues (Switching, milk, baggage, etc.)
1962...$2,272,440
1961...$2,267,708
Incidental operating revenues (Dining car receipts, rentals, demurrage, handling
iron ore at Allouez Docks, etc.)
1962...$5,451,797
1961...$5,645,903
Total Railway Operating Revenues
1962...$238,940,423
1961...$232,951,918
OTHER INCOME SOURCES
Burlington dividends (We own 48.59% of the capital stock of the Chicago,
Burlington & Quincy Railroad Co.)
1962...$6,226,343
1961...$6,226,343
Dividends from other investments
1962...$715,288
1961...$595,973
Income from bonds, notes and other investments
1962...$2,130,690
1961...$2,178,756
Income from lease or rental of road and equipment, miscellaneous rents, etc.
1962...$1,916,988
1961...$1,918,985
Total Other Income
1962...$10,989,309
1961...$10,920,057
TOTAL INCOME
1962...$249,929,732
1961...$243,871,975
THESE WERE OUR EXPENSES
To operate and maintain the railway
1962...$187,808,766
1961...$185,066,905
Taxes took a big bite of our income
1962...$25,680,369
1961...$27,696,616
We paid rentals on equipment, joint use of rail lines and other property
1962...$2,278,164
1961...$3,425,996
We had fixed charges, mainly interest to our bondholders
1962...$7,985,820
1961...$8,152,617
And there were miscellaneous expenses, such as rents, taxes, etc., incident to
other than railway operations.
1962...$1,157,627
1961...$897,421
OUR TOTAL EXPENDITURES
1962...$224,910,746
1961...$225,239,555
WHAT WE DID WITH NET EARNINGS
Remember, we took in $249,929,732 in 1962. Deducting expenses from this
gross income we arrive at our net, or "profits"
1962...$25,018,986
1961...$18,632,420
Our net income was split two ways: one part went to our 44,351 stockholders as
dividends - the interest we pay them for the use of their money
1962...$18,220,775
1961...$18,236,342
The remainder or "surplus", was kept in the business to pay for
improvements, retire debt, build up reserves against lean years, etc.
1962...$6,798,211
1961...$396,078
 
 
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