Kansas City Southern (KSU) 2003年年度报告「NYSE」.pdf

1、2 0 0 4 A n n u al Re po r tK A N S A S C I T Y S O U T H E R NKansas City Southernis a transportationholding company whose primary subsidiary,The Kansas City Southern Railway Company,is one of seven Class I railroads in the United States.KCS also has investments in Grupo TFM in Mexico and the Panam

2、a Canal Railway Company in Panama.The combined North American rail network comprises approximately 6,000 miles of rail lines that link commercial and industrial markets in the United States and Mexico.2 0 0 4 F I N A N C I A L H I G H L I G HT S(i)The information included in this table of KCSs finan

3、cial highlights includes only the continuing operations of the Company unless otherwise indicated.Certain information has been reclassified to conform to the current year presentation.Common share and per share information have been restated for all periods presented to reflect the spin-off of Stilw

4、ell Financial Inc.(“Stilwell”)on July 12,2000,as well as the one-for-two reverse stock split effective July 12,2000.(ii)Net income for 2000 and 1999,includes income from the discontinued operations of Stilwell.Net income for 2003 and 2001 includes an$8.9 million benefit and a$0.4 million charge,resp

5、ectively,for the cumulative effect of accounting change.Dollars in Millions,Except per Share Amounts,Years Ended December 3120042003 2002 2001 2000OPERATIONS(i)Revenues$639.5$581.3$566.2$583.2$578.7 Operating income83.529.1 48.0 55.4 57.8 Income from continuing operations before cumulative effect of

6、 accounting change 24.43.3 57.2 31.1 16.7 Net income(ii)24.412.2 57.2 30.7 380.5 FINANCIAL CONDITIONWorking capital$7.8$133.3$29.9$7.3$(30.1)Total assets2,440.62,152.9 2,008.8 2,010.9 1,944.5 Total debt 665.7523.4 582.6 658.4 674.6 Common stockholders equity825.4764.6 746.8 674.2 637.3 Total stockho