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Western Railroad Discussion > BNSF Second-Quarter EarningsDate: 08/08/20 08:12 BNSF Second-Quarter Earnings Author: Interlocker Second Quarter:
Revenues: $4.602 billion (vs. $5.893 billion 2019) Pre-Tax Earnings: $1.494 billion (vs. $1.773 billion 2019) Net Earnings: $1.131 billion (vs. $1.338 billion 2019) Operating Ratio: 61.9% (-3.5 percent vs. 2019) Six Months: Revenues: $10.019 billion (vs. $11.655 billion 2019) Pre-Tax Earnings: $3.078 billion (vs $3.438 2019) Net Earnings: $2.321 billion (vs. $2.591 2019) Operating Ratio: 64.1% (-1.8 percent vs. 2019) COVID-related comments within management's discussion of BNSF: BNSF is an important part of the national and global supply chain and, as an essential business, has continued to operate throughout the duration of the COVID-19 pandemic. However, the COVID-19 pandemic has caused a significant economic slowdown that has adversely affected the demand for transportation services. The COVID-19 pandemic continues to evolve, and the full extent to which it may impact BNSF's business, operating results, financial condition, or liquidity will depend on future developments which are highly uncertain and cannot be predicted with confidence. We believe BNSF's fundamental business remains strong and it has ample liquidity to continue business operations during this volatile period. Source: www.berkshirehathaway.com, U.S. SEC Form 10-Q, pp. 34-35. |