Kansas City Southern (KSU) 2006年年度报告「NYSE」.pdf

1、Global Connections.Unlimited Potential.2006 Annual ReportKAnsAs City southeRnKansas City Southern is a transportation holding company that has railroad investments in the U.S.,Mexico and Panama.Its primary U.S.holding is The Kansas City Southern Railway Company,serving the central and south central

2、U.S.Its international holdings include Kansas City Southern de Mxico,serving northeastern and cen-tral Mexico and the port cities of Lzaro Crdenas,Tampico and Veracruz,and a 50 percent interest in Panama Canal Railway Company,providing ocean-to-ocean freight and passenger service along the Panama Ca

3、nal.Kansas City Southerns North American rail holdings and strategic alliances are primary components of a NAFTA Railway system,linking the commercial and industrial centers of the U.S.,Canada and Mexico.(3,4)Financial Reporting Financial Planning 12 0 0 6 F I N A N C I A L H I G H L I G H T S(i)The

4、 above information includes only the continuing operations of the Company unless otherwise indicated.Certain information has been reclassified to conform to the current year presentation.(ii)Net income for 2003 includes an$8.9 million benefit from the cumulative effect of accounting change.(iii)Tota

5、l stockholders equity less preferred stockholders equity.Dollars in millions,except share and per share amounts.Years ended December 31.2006 2005 2004 2003 OPERATIONS Revenues$1,659.7$1,352.0$639.5$581.3 Operating income 304.3 62.3 83.5 29.1 Income from continuing operations before cumulative effect

6、 of accounting change 108.9 100.9 24.4 3.3 Net income(ii)108.9 100.9 24.4 12.2 FINANCIAL CONDITION Working capital$(31.4)$(106.9)$7.8$133.3 Total assets 4,637.3 4,423.6 2,440.6 2,152.9 Total debt 1,757.0 1,860.6 665.7 523.4 Common stockholders equity(iii)1,181.3 1,025.1 817.4 756.6 Total stockholder