Burlington Northern Santa Fe Corporation reported earnings of $0.36 per diluted share for the first quarter of 2001, compared to $0.55 per diluted share for the same period in 2000. Freight revenues were $2.26 billion, up slightly due to a 4% increase in ton-miles. Operating expenses increased 7% to $1.87 billion due to higher fuel costs, severe winter weather, and increased energy costs. The operating ratio was 81.5% compared to 77.3% in 2000. Revenue from agricultural commodities increased 11% while industrial revenues declined 3% and coal revenues declined 1% compared to the first quarter of 2000.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
2. BURLINGTON NORTHERN SANTA FE CORPORATION
INVESTORS' REPORT - UNAUDITED
1st Quarter 2001
INDEX
Page
Earnings Press Release 1-2
Consolidated Income Information 3
Consolidated Balance Sheet Information 4
Consolidated Cash Flow Information 5
Operating Statistics 6
Revenue Statistics by Commodity
- 1st Quarter 2001 7
- 2000 by Quarter 8
Capital Expenditures and Track Maintenance 9
3. NEWS
Contact: Richard Russack FOR IMMEDIATE RELEASE
(817) 352-6425
Burlington Northern Santa Fe Reports
First Quarter 2001 Results
• Earnings of $0.36 per diluted share, before extraordinary charge, compared with
first quarter 2000 earnings of $0.55 per diluted share. First quarter 2001 earnings
include $40 million or $0.10 per diluted share of previously announced non-
recurring losses related to non-rail investments.
• Freight revenues were $2.26 billion, up slightly on 4 percent higher ton-miles,
despite continued softness in the U.S. economy.
• Fuel expenses were $46 million higher than 2000.
• Winter weather and higher other energy-related costs were estimated at $25
million more than 2000.
• First quarter operating income of $419 million is $91 million lower than first
quarter 2000 operating income of $510 million.
FORT WORTH, Texas, April 24, 2001 - - Burlington Northern Santa Fe Corporation
(BNSF) (NYSE: BNI) today reported first quarter 2001 earnings of $0.36 per diluted share,
before an extraordinary charge, compared with first quarter 2000 earnings of $0.55 per diluted
share. First quarter 2001 earnings include $40 million or $0.10 per diluted share of previously
announced non-recurring losses related to non-rail investments.
“BNSF’s well-balanced business portfolio allowed us to achieve a slight increase in
revenue despite the continued softness of the U.S. economy,” said Matt Rose, BNSF President
and Chief Executive Officer. “However, an additional $46 million in fuel expenses, more severe
winter weather and higher electricity and other energy costs contributed to a 7 percent increase in
expenses as compared with a year ago.”
1
4. Freight revenues for the 2001 first quarter were $2.26 billion, up slightly on 4 percent
higher ton-miles compared with the same 2000 period. Agricultural Commodities revenues
increased $36 million, or 11 percent, to $361 million, primarily due to increased demand for
soybeans moving through the Pacific Northwest to China and increased northern spring wheat
moving to the upper Midwest and eastern domestic markets. Consumer revenues increased $6
million, or 1 percent, to $807 million reflecting new truckload business and higher international
volumes for intermodal, offset by decreased automotive shipments. Coal revenues declined $3
million, or 1 percent, to $526 million as a result of lower revenue per unit on certain contract
renewals; this was partially offset by increased demand for western coal due to colder weather,
tight eastern coal supplies and high natural gas prices. Industrial revenues fell $18 million or 3
percent, to $569 million because of production cutbacks affecting most sectors.
Operating expenses of $1.87 billion were $119 million higher than the 2000 first quarter.
Expenses increased primarily from the impact of more severe winter weather conditions, higher
electricity and other energy costs, increased compensation and benefit rates, and higher ton-
miles. Fuel expense was $46 million higher than 2000 as the average cost of diesel fuel per
gallon increased 14 cents.
Operating income was $419 million for the first quarter 2001 compared with $510
million a year ago. The operating ratio increased to 81.5 percent for the first quarter 2001
compared with 77.3 percent in 2000.
Common Stock Repurchases
During the first quarter, BNSF repurchased 2.2 million shares at an average price of
$28.86 per share, bringing total repurchases under BNSF’s 120 million share-repurchase
program to 93.9 million shares at an average price of $25.57 per share since the program was
announced in July 1997.
Through The Burlington Northern and Santa Fe Railway Company, BNSF operates one of the
largest railroad networks in the United States, with 33,500 route miles covering 28 states and two
Canadian provinces.
Consolidated financial statements follow.
2
5. Burlington Northern Santa Fe Corporation
Consolidated Income Information *
(in millions, except per share data)
Three Months
Ended March 31,
2001 2000
Operating revenues
Freight revenues $ 2,263 $ 2,242
Other revenues 29 22
Total operating revenues 2,292 2,264
Operating expenses
Compensation and benefits 729 698
Purchased services 261 258
Depreciation and amortization 228 222
Equipment rents 187 179
Fuel 257 211
Materials and other 211 186
Total operating expenses 1,873 1,754
Operating income 419 510
Interest expense 120 104
Other income (expense) - net (73) (15)
Income before income taxes 226 391
Income tax expense 86 148
Income before extraordinary charge 140 243
Extraordinary charge, net of tax (6) -
Net income $ 134 $ 243
Earnings per share
Diluted
Before extraordinary charge $ 0.36 $ 0.55
After extraordinary charge $ 0.34 $ 0.55
Diluted average shares outstanding 394.1 445.5
Operating ratio 81.5% 77.3%
* Other income (expense) - net in 2001 includes $64 million pre-tax ($40 million after-tax or $0.10 per diluted share)
of previously announced non-recurring losses related to non-rail investments. The extraordinary charge reflects a loss
on early extinguishment of debt.
3
6. Burlington Northern Santa Fe Corporation
Consolidated Balance Sheet Information
(in millions, except per share amounts)
March 31, December 31,
2001 2000
Assets
Current assets
Cash and cash equivalents $ 15 $ 11
Accounts receivable, net 281 314
Materials and supplies 209 220
Current portion of deferred income taxes 297 299
Other current assets 128 132
Total current assets 930 976
Property and equipment, net 22,376 22,369
Other assets 1,099 1,030
Total assets $ 24,405 $ 24,375
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable and other current liabilities $ 1,826 $ 1,954
Long-term debt due within one year 235 232
Total current liabilities 2,061 2,186
Long-term debt and commercial paper 6,636 6,614
Deferred income taxes 6,480 6,422
Casualty and environmental liabilities 409 430
Employee merger and separation costs 247 262
Other liabilities 977 981
Total liabilities 16,810 16,895
Stockholders' equity
Common stock and additional paid-in capital 5,507 5,433
Retained earnings 4,591 4,505
Treasury stock (2,482) (2,413)
Unearned compensation (47) (35)
Other 26 (10)
Total stockholders' equity 7,595 7,480
Total liabilities and stockholders' equity $ 24,405 $ 24,375
Total debt to total capital 47.5% 47.8%
Book value per share $ 19.38 $ 19.10
Common shares outstanding 391.8 391.6
4
7. Burlington Northern Santa Fe Corporation
Consolidated Cash Flow Information
(in millions)
Three Months
Ended March 31,
2001 2000
Operating Activities
Net income $ 134 $ 243
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization 228 222
Deferred income taxes 39 56
Employee merger and separation costs paid (17) (20)
Other - net 67 18
Changes in working capital (91) 21
Net cash provided by operating activities 360 540
Investing Activities and Dividends Paid
Capital expenditures (234) (252)
Other - net (66) (240)
Dividends paid (48) (55)
Free cash flow (deficit) after dividends paid 12 (7)
Financing Activities
Purchase of BNSF common stock (65) (583)
Proceeds from stock options exercised 45 1
Other - net (9) -
Net debt incurred $ (17) $ (589)
5
8. Burlington Northern Santa Fe Corporation
Operating Statistics
Three Months
Ended March 31,
2001 2000
Cars/units (thousands) 1,986 1,988
Average revenue per car/unit $ 1,139 $ 1,128
Revenue ton miles (millions) 125,727 121,004
Gross ton miles (millions) 223,206 215,165
RTM/GTM 0.56 0.56
Freight revenue/thousand RTM $ 18.00 $ 18.53
Operating expense/thousand RTM $ 14.90 $ 14.50
Freight revenue/thousand GTM $ 10.14 $ 10.42
Operating expense/thousand GTM $ 8.39 $ 8.15
Compensation and benefits/thousand GTM $ 3.27 $ 3.24
Employees (a) 38,270 39,241
Thousand RTM/average employee 3,285 3,084
Gallons of fuel used (millions) 297 292
Average price per gallon of fuel (cents) (b) 86.5 72.3
GTM/gallon of fuel 752 737
Freight train miles (millions) 36 35
GTM/freight train hours (thousands) 146 155
(a) Represents average mid-month count for the period.
(b) Includes handling, taxes and hedge effect.
6
9. Burlington Northern Santa Fe Corporation
Revenue Statistics by Commodity *
Three Months
Ended March 31, Percent
Revenues (in millions) 2001 2000 Change
Intermodal $ 631 $ 619 1.9 %
Automotive 110 124 (11.3)
Other Consumer 66 58 13.8
Total Consumer 807 801 0.7
Industrial 569 587 (3.1)
Coal 526 529 (0.6)
Agricultural Commodities 361 325 11.1
Total freight revenue 2,263 2,242 0.9
Other revenue 29 22 31.8
Total revenues $ 2,292 $ 2,264 1.2 %
Cars/Units (in thousands)
Intermodal 807 800 0.9 %
Automotive 53 67 (20.9)
Other Consumer 40 36 11.1
Total Consumer 900 903 (0.3)
Industrial 379 403 (6.0)
Coal 516 507 1.8
Agricultural Commodities 191 175 9.1
Total cars/units 1,986 1,988 (0.1) %
Average Revenue Per Car/Unit
Intermodal $ 782 $ 774 1.0 %
Automotive 2,075 1,851 12.1
Other Consumer 1,650 1,611 2.4
Total Consumer 897 887 1.1
Industrial 1,501 1,457 3.0
Coal 1,019 1,043 (2.3)
Agricultural Commodities 1,890 1,857 1.8
Average revenue per car/unit $ 1,139 $ 1,128 1.0 %
Revenue Ton-Miles (in millions)
Intermodal 21,903 21,618 1.3 %
Automotive 1,518 2,027 (25.1)
Other Consumer 3,034 3,007 0.9
Total Consumer 26,455 26,652 (0.7)
Industrial 26,652 26,708 (0.2)
Coal 51,470 48,622 5.9
Agricultural Commodities 21,150 19,022 11.2
Total revenue ton-miles 125,727 121,004 3.9 %
Freight Revenue Per Thousand Ton-Miles
Intermodal $ 28.81 $ 28.63 0.6 %
Automotive 72.46 61.17 18.5
Other Consumer 21.75 19.29 12.8
Total Consumer 30.50 30.05 1.5
Industrial 21.35 21.98 (2.9)
Coal 10.22 10.88 (6.1)
Agricultural Commodities 17.07 17.09 (0.1)
Freight revenue per thousand ton-miles $ 18.00 $ 18.53 (2.9) %
* Certain prior-period amounts have been reclassified to conform with current-period presentation.
7
11. Burlington Northern Santa Fe Corporation
Capital Expenditures and Track Maintenance
Three Months
Ended March 31,
2001 2000
Capital Expenditures (in millions)
Maintenance of way
Rail $ 40 $ 40
Ties 43 41
Surfacing 16 27
Other 63 57
Total maintenance of way 162 165
Mechanical 26 42
Information services 9 13
Other 9 22
Total maintenance of business 206 242
Terminal and line expansion 23 8
Other 5 2
Total capital expenditures $ 234 $ 252
Operating lease commitments $ - $ 142
Track Maintenance
Track miles of rail laid
Maintenance of business 82 112
Expansion projects - -
Total 82 112
Cross ties inserted (thousands)
Maintenance of business 330 414
Expansion projects 1 2
Total 331 416
Track resurfaced (miles) 1,252 1,676
9