| ($ in millions, except per share amounts) |
|
1999 |
|
|
|
1998
|
|
%Increase
(Decrease)
|
| Financial Results |
|
|
|
|
|
|
|
|
| Railway operating revenues |
$ |
5,195 |
|
|
$ |
4,221 |
|
23 |
| Income from railway operations |
$ |
718 |
|
|
$ |
1,052 |
|
(32) |
| Railway operating ratio |
|
86.2 |
% |
|
|
75.1 |
% |
15 |
| Income from continuing operations* |
$ |
239 |
|
|
$ |
630 |
|
(62) |
| Earnings per share from continuing |
|
|
|
|
|
|
|
|
| operations - diluted* |
$ |
0.63 |
|
|
$ |
1.65 |
|
(62) |
| |
|
|
|
|
|
|
|
|
| Financial Position |
|
|
|
|
|
|
|
|
| Total assets |
$ |
19,250 |
|
|
$ |
18,180 |
|
6 |
| Total debt |
$ |
8,182 |
|
|
$ |
7,624 |
|
7 |
| Stockholders' equity |
$ |
5,932 |
|
|
$ |
5,921 |
|
— |
| Debt-to-total capitalization |
|
58.0 |
% |
|
|
56.3 |
% |
3 |
| Stockholders' equity per share |
$ |
15.50 |
|
|
$ |
15.61 |
|
(1) |
| |
|
|
|
|
|
|
|
|
| Other Information |
|
|
|
|
|
|
|
|
| Year-end stock price |
$ |
20.50 |
|
|
$ |
31.69 |
|
(35) |
| Dividends per share |
$ |
0.80 |
|
|
$ |
0.80 |
|
— |
| Price/earnings ratio at year end |
|
32.5 |
|
|
|
16.4 |
|
98 |
| Number of shareholders at year end |
|
51,123 |
|
|
|
51,727 |
|
(1) |
| Shares outstanding at year end |
|
382,681,770 |
|
|
|
379,404,092 |
|
1 |
| Number of employees at year end |
|
35,640 |
|
|
|
24,795 |
|
44 |
| |
| * 1998 results included a gain from the sale of NS' motor carrier subsidiary that increased reported net income by $105 million, or 28 cents per diluted share. |
|