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Western Railroad Discussion > BNSF Operating Results 2016Date: 02/27/17 18:10 BNSF Operating Results 2016 Author: mearsksealand Berkshire-Hathway report the following on BNSF for 2016
2016 2015 2014 Revenue (in millions) $19,829 21,967 23,239 Operarting Expenses 13,144 14,264 16,237 Operating earnings before interest and taxes 6.685 7,703 7,002 Interest 992 928 833 Income Taxes 2,124 2,527 2,300 Net Earnings $ 3,569 4,248 3,869 There was no mention of which categories of shipments that BNSF was up or down just that coal was down 27% Info from Berkshire Hatway letter to stockholders Dale Smith Date: 02/28/17 07:50 Re: BNSF Operating Results 2016 Author: arizonaBNSF This is an income statement. Income statements usually are vague and just lump all operating revenue into one category for the simplicity of understanding by stockholders and stakeholders.
Date: 02/28/17 17:55 Re: BNSF Operating Results 2016 Author: reno7349 Interesting that interest expense is going up. The question would be where is all the operating cash flow going.
Date: 02/28/17 18:30 Re: BNSF Operating Results 2016 Author: Lackawanna484 reno7349 Wrote:
------------------------------------------------------- > Interesting that interest expense is going up. > The question would be where is all the operating > cash flow going. BNSF regularly issues bonds for general corporate purposes, and to replace older more expensive bonds. Bloomberg had a piece about the amount of bonded debt BNSF has issued (a high amount), the amount of cash and marketable securities it has on its books (also high), and the fact it pays more for debt than lower rated Norfolk Southern. Part of that is due to the presumed access of BNSF to Uncle Warren's cash drawer, and part of that is the absence of a revolving credit account. Cheap compared to its peers |