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ILLINOIS CENTRAL RAILROAD COMPANY AND SUBSIDIARIES
Consolidated Balance Sheets
($ in millions)
(Unaudited)
September 30, December 31,
ASSETS 1994 1993
Current assets:
Cash and temporary cash investments $15.8 $8.1
Receivables, net of allowance for doubtful
accounts of $2.5 in 1994 and $3.1 in 1993 39.4 84.6
Materials and supplies, at average cost 17.9 20.1
Assets held for disposition 9.1 9.1
Deferred income taxes - current 21.4 22.8
Other current assets 3.9 3.6
Total current assets 107.5 148.3
Investments 14.6 14.5
Properties:
Transportation:
Road and structures, including land 981.1 947.9
Equipment 87.7 71.7
Other, principally land 40.2 40.4
Total properties 1,109.0 1,060.0
Accumulated depreciation (24.3) (19.3)
Net properties 1,084.7 1,040.7
Other assets 10.9 10.2
Total assets $1,217.7 $1,213.7
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Current maturities of long-term debt $ 1.3 $ 1.1
Accounts payable 56.6 51.7
Dividends payable - 15.0
Income taxes payable 7.5 3.5
Casualty and freight claims 24.9 24.7
Employee compensation and vacations 14.9 15.8
Taxes other than income taxes 12.4 13.9
Accrued redundancy reserves 6.7 6.8
Other accrued expenses 27.0 28.4
Total current liabilities 151.3 160.9
Long-term debt 307.9 347.3
Deferred income taxes 202.7 200.6
Other liabilities and reserves 130.3 138.1
Contingencies and commitments
Stockholder's equity:
Common stock authorized, issued and outstanding
100 shares, $1 par value - -
Additional paid-in capital 128.9 128.6
Retained income 296.6 238.2
Total stockholder's equity 425.5 366.8
Total liabilities and stockholder's
equity $1,217.7 $1,213.7
The following notes are an integral part of the consolidated
financial statements.
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