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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 25, 1995
Illinois Central Railroad Company
Exact name of Registrant as specified in its charter
Delaware 1-7092 36-2728842
(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
455 North Cityfront Plaza Drive, Chicago, Illinois 60611-5504
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (312) 755-7500
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
Exhibit 12 Computation of Ratio of Earnings to Fixed Charges
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant as duly caused this report to be signed on
its behalf by the undersigned hereto duly authorized.
ILLINOIS CENTRAL RAILROAD COMPANY
/s/JOHN V. MULVANEY
John V. Mulvaney
Controller
Date: April 25, 1995
EXHIBIT 12.1
ILLINOIS CENTRAL RAILROAD COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIO
OF EARNINGS TO FIXED CHARGES
($ in millions)
Three Months Ending Years Ended December 31,
March 31,
Fixed Charge Coverage 1995 1994 1994 1993 1992 1991 1990
Income from continuing
operations before
income taxes and
cumulative effect of
accounting change $54.7 $42.7 $170.9 $148.6 $111.0 $ 96.0 $ 68.6
Fixed charges 10.6 11.7 45.2 49.9 61.1 75.9 92.5
Capitalized interest (0.3) (0.2) (1.4) (0.8) (0.6) (0.4) (0.5)
Earnings base for fixed
charge ratio $65.0 $54.2 $214.7 $197.7 $171.5 $171.5 $160.6
Interest expense $ 7.2 $ 7.1 $ 27.5 $ 33.1 $ 44.5 $ 59.2 $ 75.4
Capitalized interest 0.3 0.2 1.4 0.8 0.6 0.4 0.5
Portion of non
capitalized lease
payments 3.1 4.4 16.3 16.0 16.0 16.3 16.6
Fixed charges $10.6 $11.7 $ 45.2 $ 49.9 $ 61.1 $ 75.9 $ 92.5
Ratio of earnings to
fixed charges 6.13 4.63 4.75 3.96 2.81 2.26 1.74
