|
| |
Years ended December 31,
|
| |
2003
|
2002
|
2001
|
| |
($ in millions, except earnings per share)
|
|
Railway operating revenues
|
$ 6,468
|
$ 6,270
|
$ 6,170
|
|
Railway operating expenses
|
|
|
|
|
Compensation and benefits
|
2,275
|
2,022
|
2,014
|
|
Materials, services and rents
|
1,427
|
1,457
|
1,444
|
|
Conrail rents and services
|
419
|
412
|
421
|
|
Depreciation
|
513
|
515
|
514
|
|
Diesel fuel
|
380
|
342
|
412
|
|
Casualties and other claims
|
181
|
171
|
143
|
|
Other
|
209
|
193
|
215
|
|
|
Total railway operating
expenses
|
5,404
|
5,112
|
5,163
|
|
|
Income from railway operations
|
1,064
|
1,158
|
1,007
|
| |
|
Other income - net
|
19
|
66
|
99
|
|
Interest expense on debt
|
(497)
|
(518)
|
(553)
|
|
|
Income from continuing
operations
before income taxes and accounting
changes
|
586
|
706
|
553
|
|
Provision for income taxes
|
175
|
246
|
191
|
|
|
Income from continuing
operations before accounting changes
|
411
|
460
|
362
|
| |
|
Discontinued operations - Gain on sale of motor
carrier, net of taxes
|
10
|
—
|
13
|
|
Cumulative effect of changes in accounting principles,
net of taxes
|
114
|
—
|
—
|
|
|
Net income
|
$ 535
|
$ 460
|
$ 375
|
|
|
Earnings per share, basic and diluted
|
|
|
|
|
Income from continuing
operations before accounting changes
|
$ 1.05
|
$ 1.18
|
$ 0.94
|
|
Discontinued operations
|
0.03
|
—
|
0.03
|
|
Cumulative effect of
changes in accounting principles
|
0.29
|
—
|
—
|
|
|
Net income
|
$ 1.37
|
$ 1.18
|
$ 0.97
|
|
|
See Form 10-K report
for full financial statements and footnotes.
|
|