|
| |
As of December 31,
|
| |
2003
|
2002
|
| |
($ in millions)
|
|
Assets
|
|
|
|
Current assets:
|
|
|
|
Cash and cash equivalents
|
$ 284
|
$ 184
|
|
Accounts receivable,
net
|
695
|
683
|
|
Materials and supplies
|
92
|
97
|
|
Deferred income
taxes
|
189
|
187
|
|
Other current assets
|
165
|
148
|
|
|
Total
current assets
|
1,425
|
1,299
|
|
Investment in Conrail
|
6,259
|
6,178
|
|
Properties less accumulated depreciation
|
11,779
|
11,370
|
|
Other assets
|
1,133
|
1,109
|
|
|
Total
assets
|
$ 20,596
|
$ 19,956
|
|
|
Liabilities and stockholders’ equity
|
|
|
|
Current liabilities:
|
|
|
|
Accounts payable
|
$ 948
|
$ 908
|
|
Income and other
taxes
|
199
|
269
|
|
Due to Conrail
|
81
|
86
|
|
Other current liabilities
|
213
|
232
|
|
Current maturities
of long-term debt
|
360
|
358
|
|
|
Total
current liabilities
|
1,801
|
1,853
|
| |
|
Long term debt
|
6,800
|
7,006
|
|
Other liabilities
|
1,071
|
1,029
|
|
Due to Conrail
|
716
|
513
|
|
Minority interests
|
9
|
45
|
|
Deferred income taxes
|
3,223
|
3,010
|
|
|
Total
liabilities
|
13,620
|
13,456
|
|
|
Stockholders’ equity:
|
|
|
|
Common stock $1.00
per share par value,
1,350,000,000 shares authorized; issued
412,168,988 and 410,154,465 shares, respectively
|
412
|
410
|
|
Additional paid-in
capital
|
521
|
481
|
|
Unearned restricted
stock
|
(5)
|
—
|
|
Accumulated other
comprehensive loss
|
(44)
|
(65)
|
|
Retained income
|
6,112
|
5,694
|
|
Less treasury stock
at cost, 21,016,125 and 21,169,125 shares, respectively
|
(20)
|
(20)
|
|
|
Total stockholders’ equity
|
6,976
|
6,500
|
|
|
Total liabilities and stockholders’
equity
|
$ 20,596
|
$ 19,956
|
|
|
See Form 10-K
report for full financial statements and footnotes.
|
|
|