Profiles of Existing Government Corporations - US Government ...

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38
CORPORATION PROFILE
CONIUIL
d. Total revenua figure does not include revenue from passenger
service vhich was transferred to regional authoritiee and
ANTRAN. Revenuea include a non-recurring credit of $27.5
million from male8 of tax benefitn under safe-harbor leasing
regulationa and S14.9 million extraordinary credit for
utilization of net operating lees (NOL) carryforward.
Calculated as: (in rilliorw)
Operating revenue (freight)
Sale of tax benefits
Other items, not
Extraordinary credit for utilization of NOL
carryforward
Total rovenue8
$3,076.4
27.5
84.4
l . Conrail ham received no direct foderal Fund8 for operations
or rehabilitation since June 1981. $10 million vao
appropriated in 1983 to DOT for Conrail labor protection.
Thim appropriation Yam wada pursuant to 45 U.S.C. 797, 7971
and im conmidored to have been appropriated to the Secretary
of Transportation iOr transfer to the Railroad Retirement
Board for the payment of benefit. to Conrail employees.
f. Calculated as: (in millions)
Operating expense S2,788.2
Intorast chargo 87.1
Charge equivalent to federal
incoma tax 14.9
Total l xpmsem
4. Footnoto 10 to Conrail'm 1983 financial 8t8torent8 statem
that Conrail Bay be contfngontly liablo under indamnification
provimlonm rolatod to l alo8 or tax banofftm and for
guarantoem of debt, aggregating approximately $345 million at
12/31/83. The information provided doa not specify the
amount relating to guarantors of debt.
14.9
.