CAPITAL STOCK AND DIVIDENDS. The aggregate capital stock December 31, 1917 (not including the premiums on sale of capital stock as returned in the form of return), of the thirty-three corporations making returns was $309,577,815.70. The total amount of dividends declared during the year was $7,295,540,- a decrease of $18,070 over the previous year. Twenty-one corporations declared dividends varying in rate from 2 to 14 per cent; the following table gives the name of the dividend-paying companies, the rate per cent, and amount of dividend declared: The amount of capital stock of the twenty-one dividendpaying companies was $102,436,725,2 on which the average rate of dividend was 7.12 per cent. The following table gives the total capital stock outstanding at the end of the year; the net income available for dividends (after paying all expenses, interest, taxes, rentals and other charges); the amount of dividends declared; and the average percentage of dividends to total capital stock, for each of the last ten years: 1 Preferred stock only. * Including common stock on which, in the case of two of these companies, no dividend was paid. Capital Stock, Net Income and Dividends, 1908-1917. 1 Appropriations for additions, betterments and reserves deducted. FUNDED DEBT. The aggregate funded debt of the companies December 31, 1917 (not including "nonnegotiable debt to affiliated companies" as returned in the form of return), was $351,813,791.50, an increase of $3,451,909.00 over the previous year, resulting from additions and deductions as follows: INCOME AND EXPENDITURES. The total income of the companies from all sources, for the year ending December 31, 1917, was $193,976,221.96, and the total expenditures, including dividends declared, were $192,074,285.81, showing a net surplus for the year of $1,901,936.15 to be added to the surplus account. The sources of total income, and the amount derived from each source as compared with the previous year, were as follows: Total Income, December 31, 1916 and 1917. The items of the total expenditures for the year 1916, and also those for the year 1917, with the surplus for the above years, and the increase or decrease in each item are shown in the following table: Total Expenditures, December 31, 1916 and 1917. OPERATING REVENUES AND EXPENSES. The operating revenues and expenses of operation for the year ending December 31, 1917, are classified, and compared with those of the previous year in the following table:· Operating Revenues and Expenses, December 31, 1916 and 1917. The next table shows the revenue from passenger service and freight service respectively, the other revenue from operation, and the total operating revenues on all of the roads for each of the past ten years: Total Revenue from Operation for Ten Years, 1908-1917. Ratio of Operating Expenses to Operating Revenues. The following table gives in like manner the total operating revenues, the operating expenses, the ratio of operating expenses to total operating revenues, and the net revenue from operation for all the companies for ten years: Ratio of Operating Expenses to Total Operating Revenues, 1908–1917. |