2012.001

Purchase

Purchase

Museum Collections.

1950 - 1951

Date(s) Created: 1951 Date(s): 1950-1951 Level of Description: Item

Good

Display Value: Good Notes: 2012.001.0048 D.L. & W. R.R. 99th Annual Report, for 1950. Table of Contents PRESIDENT'S LETTER 2 Rates and Fares 4, 5 Labor Relations 5-7 Revenues .......... 7 Operating Expenses 8 Taxes 9 Additions and Betterments..................10, 11 Financial ..................................11, 12 Senate Investigation .......................12, 13 GENERAL BALANCE SHEET ..................14, 15 INCOME ACCOUNT ........................... 16 OPERATING REVENUES ....................... 17 EARNED SURPLUS ............................. 18 FREIGHT TRAFFIC MOVEMENT . . ............ 18 OPERATING RESULTS AND STATISTICS ....... 19 TAX ACCRUALS ............................... 20 NEW RAIL AND ROCK BALLAST............... 20 WELFARE EXPENDITURES ..................... 21 PENSIONS ..................................... 21 GROUP INSURANCE ....................... .. . 21 MILES OF ROAD OPERATED ................... 22 TRACKAGE RIGHTS ........................... 22 MILES OF TRACK OPERATED .................. 22 EQUIPMENT ................................... 23 FUNDED DEBT AND EQUIPMENT OBLIGATIONS .....................................24, 25 COMPARISON OF EXPENSES .................26-29 STATEMENT OF OPERATIONS ...............30, 31 ACCOUNTANTS' CERTIFICATE................. 32 ----- Highlights of 1950 Gross revenue of $82,343,568 as compared with $80,476,508 in 1949, an increase of 2.32% Operating expenses of $63,995,304 as compared with $64,985729, a decrease of 1.53% Taxes of $9,089,737 as compared with $7,881,695, an increase of 15.33% Income available for fixed charges of $9,422,641 as compared with $7,698,842 Fixed Charges of $4,989,303 as compared with $4,912,487 Times fixed charges earned 1.9 as compared with 1.6 Net income of $3,842,749 as compared with $2,224,209 (before capital and sinking funds). This represents $2.28 per share as compared with $1.32 Dividends paid per share of common stock, 25c to 10,500 stockholders Average number of employees, 11,876; average investment per employee, $22,874. Status: OK Status By: dw Status Date: 2012-06-15