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Western Railroad Discussion > BNSF 2019 EarningsDate: 02/22/20 21:37 BNSF 2019 Earnings Author: Interlocker 2019:
Revenues: $23.515 billion (vs. $23.855 billion 2018) Pre-Tax Earnings: $7.250 billion (vs. $6.863 billion 2018) Net Earnings: $5.481 billion (vs. $5.219 billion 2018) Operating Ratio: 64.6% (-2.3% vs. 2018) Source: www.berkshirehathaway.com, U.S. SEC, Form 10-Q, pp. K40-41 Date: 02/23/20 08:58 Re: BNSF 2019 Earnings Author: GN599 They need to share a little more of that with us beleaguered minions 🤣
Edited 1 time(s). Last edit at 02/23/20 08:59 by GN599. Date: 02/23/20 09:45 Re: BNSF 2019 Earnings Author: mapboy GN599 Wrote:
------------------------------------------------------- > They need to share a little more of that with us > beleaguered minions 🤣 Uh, that's why the operation ratio went down, among many reasons. 8>( mapboy Date: 02/23/20 11:26 Re: BNSF 2019 Earnings Author: callum_out Could be worse, the operating ratio could be 60!
Out And an Edit: So it's 64.6 at the current employee level, what is it by dropping to one man crews where possible? So, be an easy number (well sort of) for the bean counters or so they think, what are the costs of the issues we've all brought up by having only one man in the cab? One of those "works great, until it doesn't" things. Edited 1 time(s). Last edit at 02/23/20 11:34 by callum_out. Date: 02/23/20 12:16 Re: BNSF 2019 Earnings Author: Interlocker I will add one side note to my initial post.
Berkshire purchased that part (77.4 percent) of BNSF it did not already own in early 2010 for $44 billion (primarily cash, some shares, for assets and $10 billion of debt assumption). Since the deal was completed on Feb. 13, 2010, BNSF has sent $38.717 billion back to Omaha. Once another $5.283 billion is sent to Kiewit Plaza -- quite possibly by this time next year -- Berkshire will have gotten its money back. (Berkshire already had invested roughly $5 billion into BNSF shares prior to buying the company outright, during which time it received dividends from BNSF.) Translation: From 2021 on, it's all gravy for Berkshire. Sources: Berkshire Hathaway SEC Form 10-Ks, 2006-2019 Date: 02/23/20 12:34 Re: BNSF 2019 Earnings Author: callum_out The concept of owning a Class 1 railroad, debt free, is mind boggling!
Out Date: 02/23/20 13:42 Re: BNSF 2019 Earnings Author: PHall GN599 Wrote:
------------------------------------------------------- > They need to share a little more of that with us > beleaguered minions 🤣 That's between you and your union bargining committee. |