falsedesktopGWR2019-09-30000101262019000031{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Large accelerated filer\t☒\tAccelerated filer\t☐\nNon-accelerated filer\t☐\tSmaller reporting company\t☐\n\t\tEmerging growth company\t☐\n", "q10k_tbl_1": "INDEX\t\t\n\t\tPage\n\tForward-Looking Statements\t3\nPart I\tFinancial Information\t4\nItem 1.\tFinancial Statements:\t\n\tConsolidated Balance Sheets (Unaudited) - As of September 30 2019 and December 31 2018\t4\n\tConsolidated Statements of Operations (Unaudited) - For the Three and Nine Months Ended September 30 2019 and 2018\t5\n\tConsolidated Statements of Comprehensive Income (Unaudited) - For the Three and Nine Months Ended September 30 2019 and 2018\t6\n\tConsolidated Statements of Changes in Equity (Unaudited) - For the Three and Nine Months Ended September 30 2019 and 2018\t7\n\tConsolidated Statements of Cash Flows (Unaudited) - For the Nine Months Ended September 30 2019 and 2018\t9\n\tNotes to Consolidated Financial Statements (Unaudited)\t10\nItem 2.\tManagement's Discussion and Analysis of Financial Condition and Results of Operations\t31\nItem 3.\tQuantitative and Qualitative Disclosures About Market Risk\t66\nItem 4.\tControls and Procedures\t66\nPart II\tOther Information\t67\nItem 1.\tLegal Proceedings\t67\nItem 1A.\tRisk Factors\t67\nItem 2.\tUnregistered Sales of Equity Securities and Use of Proceeds\t69\nItem 3.\tDefaults Upon Senior Securities\t69\nItem 4.\tMine Safety Disclosures\t69\nItem 5.\tOther Information\t69\nItem 6.\tExhibits\t69\nIndex to Exhibits\t\t70\nSignatures\t\t71\n", "q10k_tbl_2": "\tSeptember 30 2019\tDecember 31 2018\nASSETS\t\t\nCURRENT ASSETS:\t\t\nCash and cash equivalents\t86912\t90387\nAccounts receivable net\t437062\t426305\nMaterials and supplies\t58476\t56716\nPrepaid expenses and other\t36275\t54185\nTotal current assets\t618725\t627593\nPROPERTY AND EQUIPMENT net\t4664837\t4613014\nGOODWILL\t1096095\t1115849\nINTANGIBLE ASSETS net\t1362963\t1430197\nDEFERRED INCOME TAX ASSETS net\t5102\t4616\nOTHER ASSETS\t536657\t77192\nTotal assets\t8284379\t7868461\nLIABILITIES AND EQUITY\t\t\nCURRENT LIABILITIES:\t\t\nCurrent portion of long-term debt\t38951\t28303\nAccounts payable\t278418\t288070\nAccrued expenses\t245874\t165280\nTotal current liabilities\t563243\t481653\nLONG-TERM DEBT less current portion\t2176563\t2425235\nDEFERRED INCOME TAX LIABILITIES net\t884402\t877721\nDEFERRED ITEMS - grants from outside parties\t344813\t326520\nOTHER LONG-TERM LIABILITIES\t608101\t127280\nCOMMITMENTS AND CONTINGENCIES\t\t\nEQUITY:\t\t\nClass A Common Stock $0.01 par value one vote per share; 180000000 shares authorized at September 30 2019 and December 31 2018; 75696850 and 75240513 shares issued and 56663012 and 56349327 shares outstanding (net of 19033838 and 18891186 shares in treasury) on September 30 2019 and December 31 2018 respectively\t757\t752\nClass B Common Stock $0.01 par value ten votes per share; 30000000 shares authorized at September 30 2019 and December 31 2018; 376392 and 517138 shares issued and outstanding on September 30 2019 and December 31 2018 respectively\t4\t5\nAdditional paid-in capital\t1812085\t1785005\nRetained earnings\t2638043\t2482252\nAccumulated other comprehensive loss\t(230108)\t(146456)\nTreasury stock at cost\t(711922)\t(699852)\nTotal Genesee & Wyoming Inc. stockholders' equity\t3508859\t3421706\nNoncontrolling interest\t198398\t208346\nTotal equity\t3707257\t3630052\nTotal liabilities and equity\t8284379\t7868461\n", "q10k_tbl_3": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2019\t2018\t2019\t2018\nOPERATING REVENUES\t583694\t603304\t1713263\t1772955\nOPERATING EXPENSES:\t\t\t\t\nLabor and benefits\t175500\t175853\t539751\t539407\nEquipment rents\t30926\t35325\t95169\t104214\nPurchased services\t51055\t53717\t156337\t178864\nDepreciation and amortization\t63026\t65392\t188169\t197127\nDiesel fuel used in train operations\t41533\t45713\t127674\t137487\nElectricity used in train operations\t1794\t2742\t6344\t7020\nCasualties and insurance\t11658\t9912\t34869\t32862\nMaterials\t32435\t32744\t94949\t97589\nTrackage rights\t21266\t22838\t64633\t67119\nNet gain on sale and impairment of assets\t(641)\t(642)\t(1151)\t(2501)\nRestructuring and related costs\t3561\t3286\t18756\t12931\nOther expenses net\t38825\t28604\t101097\t82978\nTotal operating expenses\t470938\t475484\t1426597\t1455097\nOPERATING INCOME\t112756\t127820\t286666\t317858\nInterest income\t1244\t417\t2615\t1499\nInterest expense\t(25386)\t(26429)\t(80395)\t(80605)\nOther income/(loss) net\t1132\t1515\t4165\t(237)\nIncome before income taxes\t89746\t103323\t213051\t238515\nProvision for income taxes\t(19975)\t(31013)\t(53101)\t(41569)\nNet income\t69771\t72310\t159950\t196946\nLess: Net income attributable to noncontrolling interest\t2979\t2720\t3011\t8090\nNet income attributable to Genesee & Wyoming Inc.\t66792\t69590\t156939\t188856\nBasic earnings per common share attributable to Genesee & Wyoming Inc. common stockholders:\t1.18\t1.18\t2.78\t3.13\nWeighted average shares - Basic\t56638\t59168\t56497\t60343\nDiluted earnings per common share attributable to Genesee & Wyoming Inc. common stockholders:\t1.16\t1.16\t2.74\t3.08\nWeighted average shares - Diluted\t57532\t60131\t57297\t61255\n", "q10k_tbl_4": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2019\t2018\t2019\t2018\nNET INCOME\t69771\t72310\t159950\t196946\nOTHER COMPREHENSIVE INCOME/(LOSS):\t\t\t\t\nForeign currency translation adjustment net of tax provision of ($2068) $0 ($1885) and $0 respectively\t(36647)\t(9501)\t(32641)\t(59042)\nNet unrealized (loss)/gain on qualifying hedges net of tax benefit/(provision) of $8720 ($1583) $19430 and ($4612) respectively\t(27462)\t5153\t(61139)\t14756\nChanges in pension and other postretirement benefits net of tax (provision)/benefit of ($8) ($14) $74 and ($42) respectively\t60\t43\t(94)\t129\nOther comprehensive loss\t(64049)\t(4305)\t(93874)\t(44157)\nCOMPREHENSIVE INCOME\t5722\t68005\t66076\t152789\nLess: Comprehensive loss attributable to noncontrolling interest\t(4759)\t(2179)\t(7211)\t(9495)\nCOMPREHENSIVE INCOME ATTRIBUTABLE TO GENESEE & WYOMING INC.\t10481\t70184\t73287\t162284\n", "q10k_tbl_5": "\tG&W Stockholders\t\t\t\t\t\t\t\n\tClass A Common Stock\tClass B Common Stock\tAdditional Paid-in Capital\tRetained Earnings\tAccumulated Other Comprehensive (Loss)/Income\tTreasury Stock\tNon-controlling Interest\tTotal Equity\nBALANCE December 31 2018\t752\t5\t1785005\t2482252\t(146456)\t(699852)\t208346\t3630052\nNet income\t0\t0\t0\t38706\t0\t0\t100\t38806\nOther comprehensive (loss)/income\t0\t0\t0\t0\t(6989)\t0\t818\t(6171)\nConversion of 100000 shares Class B Common Stock to Class A Common Stock\t1\t(1)\t0\t0\t0\t0\t0\t0\nValue of stock issued for stock-based compensation - 164732 shares Class A Common Stock\t2\t0\t2069\t0\t0\t0\t0\t2071\nCompensation cost related to stock-based compensation\t0\t0\t3884\t0\t0\t0\t0\t3884\nValue of treasury stock repurchased - 111289 shares\t0\t0\t0\t0\t0\t(8630)\t0\t(8630)\nOther\t0\t0\t(832)\t(1104)\t0\t0\t(796)\t(2732)\nBALANCE March 31 2019\t755\t4\t1790126\t2519854\t(153445)\t(708482)\t208468\t3657280\nNet income/(loss)\t0\t0\t0\t51441\t0\t0\t(68)\t51373\nOther comprehensive loss\t0\t0\t0\t0\t(20352)\t0\t(3302)\t(23654)\nConversion of 40746 shares Class B Common Stock to Class A Common Stock\t0\t0\t0\t0\t0\t0\t0\t0\nValue of stock issued for stock-based compensation - 38512 shares Class A Common Stock\t1\t0\t2095\t0\t0\t0\t0\t2096\nCompensation cost related to stock-based compensation\t0\t0\t4227\t0\t0\t0\t0\t4227\nOther (including treasury stock repurchased - 107 shares)\t0\t0\t1346\t(44)\t0\t0\t(1722)\t(420)\nBALANCE June 30 2019\t756\t4\t1797794\t2571251\t(173797)\t(708482)\t203376\t3690902\nNet income\t0\t0\t0\t66792\t0\t0\t2979\t69771\nOther comprehensive loss\t0\t0\t0\t0\t(56311)\t0\t(7738)\t(64049)\nValue of stock issued for stock-based compensation - 112347 shares Class A Common Stock\t1\t0\t10227\t0\t0\t0\t0\t10228\nCompensation cost related to stock-based compensation\t0\t0\t4277\t0\t0\t0\t0\t4277\nValue of treasury stock acquisitions from equity awards - 31256 shares\t0\t0\t0\t0\t0\t(3440)\t0\t(3440)\nOther\t0\t0\t(213)\t0\t0\t0\t(219)\t(432)\nBALANCE September 30 2019\t757\t4\t1812085\t2638043\t(230108)\t(711922)\t198398\t3707257\n", "q10k_tbl_6": "\tG&W Stockholders\t\t\t\t\t\tNon-controlling Interest\tTotal Equity\n\tClass A Common Stock\tClass B Common Stock\tAdditional Paid-in Capital\tRetained Earnings\tAccumulated Other Comprehensive (Loss)/Income\tTreasury Stock\t\nBALANCE December 31 2017\t748\t7\t1757332\t2234864\t(105534)\t(236951)\t245626\t3896092\nNet income\t0\t0\t0\t75098\t0\t0\t927\t76025\nOther comprehensive income/(loss)\t0\t0\t0\t0\t10345\t0\t(4018)\t6327\nValue of stock issued for stock-based compensation - 115897 shares Class A Common Stock\t1\t0\t1049\t0\t0\t0\t0\t1050\nCompensation cost related to stock-based compensation\t0\t0\t4056\t0\t0\t0\t0\t4056\nValue of treasury stock repurchased - 832232 shares\t0\t0\t0\t0\t0\t(60175)\t0\t(60175)\nAmounts reclassified from accumulated other comprehensive loss to retained earnings related to the United States Tax Cuts and Jobs Act\t0\t0\t0\t2970\t(2970)\t0\t0\t0\nOther\t0\t0\t0\t0\t0\t0\t1\t1\nBALANCE March 31 2018\t749\t7\t1762437\t2312932\t(98159)\t(297126)\t242536\t3923376\nNet income\t0\t0\t0\t44168\t0\t0\t4443\t48611\nOther comprehensive loss\t0\t0\t0\t0\t(37511)\t0\t(8668)\t(46179)\nConversion of 30000 shares Class B Common Stock to Class A Common Stock\t0\t0\t0\t0\t0\t0\t0\t0\nValue of stock issued for stock-based compensation - 42102 shares Class A Common Stock\t1\t0\t1856\t0\t0\t0\t0\t1857\nCompensation cost related to stock-based compensation\t0\t0\t4515\t0\t0\t0\t0\t4515\nValue of treasury stock repurchased - 1873170 shares\t0\t0\t0\t0\t0\t(134952)\t0\t(134952)\nDistribution to noncontrolling interest\t0\t0\t0\t0\t0\t0\t(14898)\t(14898)\nOther\t0\t0\t0\t0\t0\t0\t48\t48\nBALANCE June 30 2018\t750\t7\t1768808\t2357100\t(135670)\t(432078)\t223461\t3782378\nNet income\t0\t0\t0\t69590\t0\t0\t2720\t72310\nOther comprehensive income/(loss)\t0\t0\t0\t0\t594\t0\t(4899)\t(4305)\nConversion of 130000 shares Class B Common Stock to Class A Common Stock\t2\t(2)\t0\t0\t0\t0\t0\t0\nValue of stock issued for stock-based compensation - 72925 shares Class A Common Stock\t0\t0\t5902\t0\t0\t0\t0\t5902\nCompensation cost related to stock-based compensation\t0\t0\t4458\t0\t0\t0\t0\t4458\nValue of treasury stock acquisitions from equity awards - 893705 shares\t0\t0\t0\t0\t0\t(78167)\t0\t(78167)\nOther\t0\t0\t0\t0\t0\t0\t(6)\t(6)\nBALANCE September 30 2018\t752\t5\t1779168\t2426690\t(135076)\t(510245)\t221276\t3782570\n", "q10k_tbl_7": "\tNine Months Ended\t\n\tSeptember 30\t\n\t2019\t2018\nCASH FLOWS FROM OPERATING ACTIVITIES:\t\t\nNet income\t159950\t196946\nAdjustments to reconcile net income to net cash provided by operating activities:\t\t\nDepreciation and amortization\t188169\t197127\nStock-based compensation\t12371\t13029\nDeferred income taxes\t34468\t7978\nGain on insurance recoveries\t(2500)\t0\nNet gain on sale and impairment of assets\t(1151)\t(2501)\nChanges in assets and liabilities which provided/(used) cash:\t\t\nAccounts receivable net\t2594\t(50143)\nMaterials and supplies\t(3550)\t3133\nPrepaid expenses and other\t(4519)\t(11663)\nAccounts payable and accrued expenses\t(7065)\t33818\nOther assets and liabilities net\t5434\t9750\nNet cash provided by operating activities\t384201\t397474\nCASH FLOWS FROM INVESTING ACTIVITIES:\t\t\nPurchases of property and equipment\t(227266)\t(194132)\nGrant proceeds from outside parties\t22987\t16696\nProceeds from settlement of derivative transactions\t45360\t0\nProceeds from sale of business\t0\t7927\nInsurance proceeds for replacement of assets\t4297\t2780\nProceeds from disposition of property and equipment\t5200\t3710\nContributions to joint ventures\t(2965)\t(2921)\nNet cash used in investing activities\t(152387)\t(165940)\nCASH FLOWS FROM FINANCING ACTIVITIES:\t\t\nPrincipal payments on revolving line-of-credit long-term debt and finance lease obligations\t(426276)\t(799726)\nProceeds from revolving line-of-credit and long-term debt\t195335\t854679\nDebt amendment/issuance costs\t0\t(5318)\nPurchase of additional shares in Freightliner Australia\t(4696)\t0\nCommon share repurchases\t(4796)\t(270488)\nDistribution to noncontrolling interest\t0\t(14898)\nInstallment payments on Freightliner deferred consideration\t(2522)\t(6255)\nOther financing related activities net\t6534\t5006\nNet cash used in financing activities\t(236421)\t(237000)\nEFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS\t1132\t(939)\nDECREASE IN CASH AND CASH EQUIVALENTS\t(3475)\t(6405)\nCASH AND CASH EQUIVALENTS beginning of period\t90387\t80472\nCASH AND CASH EQUIVALENTS end of period\t86912\t74067\n", "q10k_tbl_8": "\tThree Months Ended September 30 2019\tNine Months Ended September 30 2019\tTotal Costs Incurred Through September 30 2019\tEstimated Total Restructuring and Related Costs\nRationalization of locomotive and railcar fleet\t0\t0\t6301\t11000\nManagement restructuring(a)\t1240\t10381\t15021\t17000\nProductivity and automation investments\t1998\t5136\t9179\t15000\nTotal\t3238\t15517\t30501\t43000\n", "q10k_tbl_9": "\tRationalization of Locomotive and Railcar Fleet\tManagement Restructuring\tProductivity and Automation Investments\tTotal\nRestructuring and related liabilities as of December 31 2018\t4094\t982\t0\t5076\nRestructuring and related costs incurred\t0\t10381\t5136\t15517\nCash payments\t(1394)\t(8079)\t(5136)\t(14609)\nNon-cash settlements\t0\t0\t0\t0\nRestructuring and related liabilities as of September 30 2019\t2700\t3284\t0\t5984\n", "q10k_tbl_10": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2019\t2018\t2019\t2018\nNumerators:\t\t\t\t\nNet income attributable to Genesee & Wyoming Inc.\t66792\t69590\t156939\t188856\nDenominators:\t\t\t\t\nWeighted average Class A common shares outstanding - Basic\t56638\t59168\t56497\t60343\nWeighted average Class B common shares outstanding\t376\t664\t426\t679\nDilutive effect of employee stock-based awards\t518\t299\t374\t233\nWeighted average shares - Diluted\t57532\t60131\t57297\t61255\nEarnings per common share attributable to Genesee & Wyoming Inc. common stockholders:\t\t\t\t\nBasic earnings per common share\t1.18\t1.18\t2.78\t3.13\nDiluted earnings per common share\t1.16\t1.16\t2.74\t3.08\n", "q10k_tbl_11": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2019\t2018\t2019\t2018\nAntidilutive shares\t0\t704\t249\t1045\n", "q10k_tbl_12": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2019\t2018\t2019\t2018\nClass A Common Stock repurchased\t0\t894\t65\t3560\nAverage price paid per share of Class A Common Stock repurchased\t0\t87.46\t73.94\t75.99\n", "q10k_tbl_13": "\tSeptember 30 2019\tDecember 31 2018\nAccounts receivable - trade\t395512\t397255\nAccounts receivable - grants from outside parties\t24677\t19376\nAccounts receivable - insurance and other third-party claims\t29386\t19729\nTotal accounts receivable\t449575\t436360\nLess: Allowance for doubtful accounts\t(12513)\t(10055)\nAccounts receivable net\t437062\t426305\n", "q10k_tbl_14": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2019\t2018\t2019\t2018\nAmortization of deferred grants\t3442\t3173\t10265\t8776\n", "q10k_tbl_15": "\tBalance Sheet Location\tSeptember 30 2019\nLeased right-of-use assets:\t\t\nOperating leased assets\tOther assets\t471929\nFinance leased assets net\tProperty and equipment net(a)\t85230\nTotal leased assets\t\t557159\nLease liabilities:\t\t\nCurrent\t\t\nOperating lease liabilities\tAccrued expenses\t60624\nFinance lease liabilities\tCurrent portion of long-term debt\t14402\nNon-current\t\t\nOperating lease liabilities\tOther long-term liabilities\t411153\nFinance lease liabilities\tLong-term debt less current portion\t64309\nTotal lease liabilities\t\t550488\n", "q10k_tbl_16": "\tLocation of Amount Recognized in Earnings\tThree Months Ended\tNine Months Ended\n\tSeptember 30 2019\t\tSeptember 30 2019\nFinance leases:\t\t\t\nAmortization of right-of-use assets\tDepreciation and amortization\t2069\t5830\nInterest on lease liability\tInterest expense\t881\t2554\nTotal finance lease cost\t\t2950\t8384\nOperating leases:\t\t\t\nOperating lease cost\tEquipment rents/Trackage rights\t22292\t66976\nShort-term lease cost\tEquipment rents/Trackage rights\t2071\t7064\nVariable lease cost\tEquipment rents/Trackage rights\t1964\t6871\nSublease income (gross basis)\tOperating revenues\t(1291)\t(3541)\nTotal operating lease cost\t\t25036\t77370\nTotal lease cost\t\t27986\t85754\n", "q10k_tbl_17": "\tFinance Leases\tOperating Leases\nMaturity of lease liabilities:\t\t\n2019 (remainder)\t3299\t23076\n2020\t19373\t72851\n2021\t10495\t63445\n2022\t14650\t52080\n2023\t10551\t43398\nThereafter\t34778\t553484\nTotal lease payments\t93146\t808334\nLess: Imputed interest\t14435\t336557\nTotal lease liabilities\t78711\t471777\n", "q10k_tbl_18": "\tCapital\tOperating\n2019\t11405\t82191\n2020\t17261\t63062\n2021\t8668\t54305\n2022\t9625\t44739\n2023\t10780\t35919\nThereafter\t13988\t383739\nTotal minimum payments\t71727\t663955\n", "q10k_tbl_19": "\tNine Months Ended\n\tSeptember 30 2019\nCash flow information:\t\nCash paid for operating leases included in operating activities\t69533\nCash paid for finance leases included in operating activities\t2608\nCash paid for finance leases included in financing activities\t9694\nWeighted average remaining lease term (in years):\t\nOperating leases\t26.8\nFinance leases\t8.1\nWeighted average discount rate:\t\nOperating leases\t3.8%\nFinance leases\t4.5%\nNew leases:\t\nRight-of-use assets obtained in exchange for operating lease liabilities\t36333\nRight-of-use assets obtained in exchange for finance lease liabilities\t27592\n", "q10k_tbl_20": "\t\tFair Value\t\n\tBalance Sheet Location\tSeptember 30 2019\tDecember 31 2018\nAsset Derivatives:\t\t\t\nDerivatives designated as cash flow hedges:\t\t\t\nBritish pound forward contracts\tPrepaid expenses and other\t4535\t0\nBritish pound forward contracts\tOther assets\t0\t26011\nDerivative designated as a net investment hedge:\t\t\t\nCross-currency swap contract\tOther assets\t8039\t0\nTotal derivatives designated as hedges\t\t12574\t26011\nDerivatives not designated as hedges:\t\t\t\nCross-currency swap contract\tPrepaid expenses and other\t0\t19684\nTotal derivatives not designated as hedges\t\t0\t19684\nLiability Derivatives:\t\t\t\nDerivatives designated as cash flow hedges:\t\t\t\nInterest rate swap agreements\tAccrued expenses\t8545\t1954\nInterest rate swap agreements\tOther long-term liabilities\t86483\t12441\nBritish pound forward contracts\tOther long-term liabilities\t0\t59\nDerivative designated as a fair value hedge:\t\t\t\nCross-currency swap contract\tOther long-term liabilities\t4047\t0\nTotal derivatives designated as hedges\t\t99075\t14454\n", "q10k_tbl_21": "\tTotal Derivatives Designated as Hedges OCI Activity Net of Tax\t\t\t\n\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2019\t2018\t2019\t2018\nDerivatives Designated as Hedges:\t\t\t\t\nCash Flow Hedges:\t\t\t\t\nInterest rate swap agreements\t(26746)\t4816\t(61451)\t14396\nForeign currency forward contracts\t0\t(13)\t0\t275\nBritish pound forward contracts net (a)\t(12)\t350\t1446\t85\n\t(26758)\t5153\t(60005)\t14756\nNet Investment Hedge:\t\t\t\t\nCross-currency swap contract\t6821\t0\t6048\t0\nFair Value Hedge:\t\t\t\t\nCross-currency swap contract\t(704)\t0\t(1134)\t0\nTotal derivatives designated as hedges\t(20641)\t5153\t(55091)\t14756\n", "q10k_tbl_22": "\t\tAmount Recognized in Earnings\t\t\t\n\tLocation of Amount Recognized in Earnings\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\t\tSeptember 30\t\n\t2019\t\t2018\t2019\t2018\nDerivatives Not Designated as Hedges:\t\t\t\t\t\nCross-currency swap agreements net (a)\tOther income/(loss) net\t0\t(2410)\t(1770)\t(4900)\n", "q10k_tbl_23": "\tNine Months Ended\n\tSeptember 30 2019\nDerivatives designated as hedges:\t\nBritish pound forward contracts\t26088\nDerivatives not designated as hedges:\t\nCross-currency swap contract\t19272\nTotal cash received from settlement of derivative transactions investing activities\t45360\n", "q10k_tbl_24": "Effective Date\tExpiration Date\tNotional Amount\t\tPay Fixed Rate\tReceive Variable Rate\n12/1/2016\t12/1/2021\tA$\t517500\t2.44%\tAUD-BBR\n8/31/2018\t8/31/2021 - 8/31/2048\t500000\t\t2.70% - 2.87%\t1-month LIBOR\n", "q10k_tbl_25": "\tSeptember 30 2019\tDecember 31 2018\nFinancial instruments carried at fair value using Level 2 inputs:\t\t\nFinancial assets carried at fair value:\t\t\nBritish pound forward contracts\t4535\t26011\nCross-currency swap contract - net investment hedge\t8039\t0\nCross-currency swap contracts\t0\t19684\nTotal financial assets carried at fair value\t12574\t45695\nFinancial liabilities carried at fair value:\t\t\nInterest rate swap agreements\t95028\t14395\nBritish pound forward contracts\t0\t59\nCross-currency swap contract - fair value hedge\t4047\t0\nTotal financial liabilities carried at fair value\t99075\t14454\n", "q10k_tbl_26": "\tSeptember 30 2019\t\tDecember 31 2018\t\n\tCarrying Value\tFair Value\tCarrying Value\tFair Value\nFinancial liabilities carried at historical cost:\t\t\t\t\nUnited States term loan\t1261983\t1258527\t1295672\t1296079\nU.K. term loan\t289357\t290883\t315524\t319556\nAustralian credit agreement\t422120\t427617\t450252\t457978\nAustralia subordinated shareholder loan from Macquarie Infrastructure and Real Assets\t160675\t157652\t167796\t166974\nRevolving credit facility\t319\t3687\t160033\t163662\nOther debt\t2392\t2379\t2356\t2352\nTotal\t2136846\t2140745\t2391633\t2406601\n", "q10k_tbl_27": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2019\t2018\t2019\t2018\nOperating expense:\t\t\t\t\nService cost(a)\t3257\t3610\t10094\t11235\nNonoperating income net:\t\t\t\t\nInterest cost\t2240\t2383\t6942\t7416\nExpected return on plan assets\t(4158)\t(4572)\t(12885)\t(14231)\nAmortization of prior year service cost\t42\t0\t130\t0\nTotal nonoperating income net(b)\t(1876)\t(2189)\t(5813)\t(6815)\nNet periodic benefit cost\t1381\t1421\t4281\t4420\n", "q10k_tbl_28": "\tForeign Currency Translation Adjustment\t\tDefined Benefit Plans\t\tNet Unrealized Gain/(Loss) on Hedges\t\tAccumulated Other Comprehensive Loss\nBalance December 31 2018\t(144503)\t\t11120\t\t(13073)\t\t(146456)\nOther comprehensive loss before reclassifications\t(24026)\t\t0\t\t(57612)\t\t(81638)\nAmounts reclassified from accumulated other comprehensive loss net of tax (provision)/benefit of ($26) $74 and $593 respectively\t82\t(a)\t(94)\t(b)\t(2002)\t(c)\t(2014)\nCurrent period change\t(23944)\t\t(94)\t\t(59614)\t\t(83652)\nBalance September 30 2019\t(168447)\t\t11026\t\t(72687)\t\t(230108)\n", "q10k_tbl_29": "\tForeign Currency Translation Adjustment\tDefined Benefit Plans\t\tNet Unrealized Gain/(Loss) on Hedges\t\tAccumulated Other Comprehensive Loss\nBalance December 31 2017\t(74617)\t(19601)\t\t(11316)\t\t(105534)\nOther comprehensive income before reclassifications\t(41395)\t0\t\t14926\t\t(26469)\nAmounts reclassified from accumulated other comprehensive loss net of tax (provision)/benefit of ($42) and $76 respectively\t0\t129\t(b)\t(232)\t(c)\t(103)\nCurrent period change\t(41395)\t129\t\t14694\t\t(26572)\nAmounts reclassified from accumulated other comprehensive loss to retained earnings related to the United States Tax Cuts and Jobs Act\t0\t(132)\t\t(2838)\t\t(2970)\nBalance September 30 2018\t(116012)\t(19604)\t\t540\t\t(135076)\n", "q10k_tbl_30": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2019\t2018\t2019\t2018\nNet income attributable to noncontrolling interest\t2979\t2720\t3011\t8090\nOther comprehensive income/(loss):\t\t\t\t\nForeign currency translation adjustment\t(7690)\t(4804)\t(8697)\t(17647)\nNet unrealized (loss)/gain on qualifying cash flow hedges net of tax benefit/(provision) of $21 $41 $654 and ($26) respectively\t(48)\t(95)\t(1525)\t62\nComprehensive loss attributable to noncontrolling interest\t(4759)\t(2179)\t(7211)\t(9495)\n", "q10k_tbl_31": "\tSeptember 30 2019\tDecember 31 2018\nUnited States dollar per Australian dollar\t0.67\t0.70\nUnited States dollar per British pound\t1.23\t1.28\nUnited States dollar per Canadian dollar\t0.76\t0.73\nUnited States dollar per Euro\t1.09\t1.15\n", "q10k_tbl_32": "\tThree Months Ended\t\tNine Months Ended\t\n\tSeptember 30\t\tSeptember 30\t\n\t2019\t2018\t2019\t2018\nUnited States dollar per Australian dollar\t0.69\t0.73\t0.70\t0.76\nUnited States dollar per British pound\t1.23\t1.30\t1.27\t1.35\nUnited States dollar per Canadian dollar\t0.76\t0.77\t0.75\t0.78\nUnited States dollar per Euro\t1.11\t1.16\t1.12\t1.19\n", "q10k_tbl_33": "\tThree Months Ended\t\t\t\n\tSeptember 30 2019\t\t\t\n\tNorth American Operations\tAustralian Operations\tU.K./European Operations\tTotal Operations\nOperating revenues:\t\t\t\t\nFreight revenues by commodity group:\t\t\t\t\nAgricultural Products\t34574\t2631\t763\t37968\nAutos & Auto Parts\t6339\t0\t0\t6339\nChemicals & Plastics\t39518\t0\t0\t39518\nCoal & Coke\t18336\t33187\t606\t52129\nFood & Kindred Products\t8355\t0\t0\t8355\nIntermodal\t461\t16446\t56998\t73905\nLumber & Forest Products\t22862\t0\t0\t22862\nMetallic Ores\t4225\t7036\t0\t11261\nMetals\t28115\t0\t0\t28115\nMinerals & Stone\t41399\t1979\t21672\t65050\nPetroleum Products\t19027\t178\t628\t19833\nPulp & Paper\t30648\t0\t0\t30648\nWaste\t8278\t0\t0\t8278\nOther\t5888\t0\t0\t5888\nTotal freight revenues\t268025\t61457\t80667\t410149\nFreight-related revenues\t68129\t8011\t65229\t141369\nAll other revenues\t16288\t2132\t13756\t32176\nTotal operating revenues\t352442\t71600\t159652\t583694\nOperating income/(loss)\t95633\t19484\t(2361)\t112756\nDepreciation and amortization\t39164\t13779\t10083\t63026\nInterest expense net\t12599\t10694\t849\t24142\nProvision for income taxes\t16876\t2641\t458\t19975\nCash expenditures for additions to property & equipment net of grants from outside parties\t53239\t14845\t6336\t74420\n", "q10k_tbl_34": "\tThree Months Ended\t\t\t\n\tSeptember 30 2018\t\t\t\n\tNorth American Operations\tAustralian Operations\tU.K./European Operations\tTotal Operations\nOperating revenues:\t\t\t\t\nFreight revenues by commodity group:\t\t\t\t\nAgricultural Products\t30565\t4150\t1053\t35768\nAutos & Auto Parts\t5513\t0\t0\t5513\nChemicals & Plastics\t38436\t0\t0\t38436\nCoal & Coke\t23006\t32357\t2588\t57951\nFood & Kindred Products\t8761\t0\t0\t8761\nIntermodal\t514\t17538\t58609\t76661\nLumber & Forest Products\t24113\t0\t0\t24113\nMetallic Ores\t3573\t8914\t0\t12487\nMetals\t34904\t0\t0\t34904\nMinerals & Stone\t38570\t2066\t22344\t62980\nPetroleum Products\t18236\t224\t99\t18559\nPulp & Paper\t31961\t0\t0\t31961\nWaste\t8089\t0\t0\t8089\nOther\t7191\t0\t0\t7191\nTotal freight revenues\t273432\t65249\t84693\t423374\nFreight-related revenues\t66045\t10136\t69269\t145450\nAll other revenues\t16232\t1318\t16930\t34480\nTotal operating revenues\t355709\t76703\t170892\t603304\nOperating income\t102484\t20713\t4623\t127820\nDepreciation and amortization\t41388\t14937\t9067\t65392\nInterest expense net\t10339\t12780\t2893\t26012\nProvision for income taxes\t26323\t2398\t2292\t31013\nCash expenditures for additions to property & equipment net of grants from outside parties\t42120\t8185\t6704\t57009\n", "q10k_tbl_35": "\tNine Months Ended\t\t\t\n\tSeptember 30 2019\t\t\t\n\tNorth American Operations\tAustralian Operations\tU.K./European Operations\tTotal Operations\nOperating revenues:\t\t\t\t\nFreight revenues by commodity group:\t\t\t\t\nAgricultural Products\t99383\t8684\t2011\t110078\nAutos & Auto Parts\t17905\t0\t0\t17905\nChemicals & Plastics\t116504\t0\t0\t116504\nCoal & Coke\t56089\t91323\t6195\t153607\nFood & Kindred Products\t25559\t0\t0\t25559\nIntermodal\t1439\t45705\t174500\t221644\nLumber & Forest Products\t68238\t0\t0\t68238\nMetallic Ores\t9883\t22177\t0\t32060\nMetals\t87032\t0\t0\t87032\nMinerals & Stone\t111806\t5834\t58709\t176349\nPetroleum Products\t56779\t476\t2036\t59291\nPulp & Paper\t88940\t0\t0\t88940\nWaste\t23104\t0\t0\t23104\nOther\t16308\t0\t0\t16308\nTotal freight revenues\t778969\t174199\t243451\t1196619\nFreight-related revenues\t198740\t23902\t197385\t420027\nAll other revenues\t49026\t5137\t42454\t96617\nTotal operating revenues\t1026735\t203238\t483290\t1713263\nOperating income/(loss)\t249209\t43642\t(6185)\t286666\nDepreciation and amortization\t116333\t42382\t29454\t188169\nInterest expense net\t36871\t34618\t6291\t77780\nProvision for income taxes\t49103\t2711\t1287\t53101\nCash expenditures for additions to property & equipment net of grants from outside parties\t153959\t26797\t23523\t204279\n", "q10k_tbl_36": "\tNine Months Ended\t\t\t\n\tSeptember 30 2018\t\t\t\n\tNorth American Operations\tAustralian Operations\tU.K./European Operations\tTotal Operations\nOperating revenues:\t\t\t\t\nFreight revenues by commodity group:\t\t\t\t\nAgricultural Products\t91630\t15639\t3073\t110342\nAutos & Auto Parts\t16686\t0\t0\t16686\nChemicals & Plastics\t113625\t0\t0\t113625\nCoal & Coke\t62038\t96506\t8751\t167295\nFood & Kindred Products\t25587\t0\t0\t25587\nIntermodal\t1203\t50613\t192413\t244229\nLumber & Forest Products\t70362\t0\t0\t70362\nMetallic Ores\t10816\t24770\t0\t35586\nMetals\t95791\t0\t0\t95791\nMinerals & Stone\t107122\t6247\t63849\t177218\nPetroleum Products\t52870\t560\t107\t53537\nPulp & Paper\t90346\t0\t0\t90346\nWaste\t21316\t0\t0\t21316\nOther\t19325\t0\t0\t19325\nTotal freight revenues\t778717\t194335\t268193\t1241245\nFreight-related revenues\t193344\t32214\t203491\t429049\nAll other revenues\t48835\t4017\t49809\t102661\nTotal operating revenues\t1020896\t230566\t521493\t1772955\nOperating income/(loss)\t255918\t62585\t(645)\t317858\nDepreciation and amortization\t123266\t46232\t27629\t197127\nInterest expense net\t30572\t38914\t9620\t79106\nProvision for income taxes\t26930\t7120\t7519\t41569\nCash expenditures for additions to property & equipment net of grants from outside parties\t129607\t27936\t19893\t177436\n", "q10k_tbl_37": "\tSeptember 30 2019\t\t\t\n\tNorth American Operations\tAustralian Operations\tU.K./European Operations\tTotal Operations\nCash and cash equivalents\t37261\t31142\t18509\t86912\nProperty and equipment net\t3747047\t587793\t329997\t4664837\n", "q10k_tbl_38": "\tDecember 31 2018\t\t\t\n\tNorth American Operations\tAustralian Operations\tU.K./European Operations\tTotal Operations\nCash and cash equivalents\t33996\t26902\t29489\t90387\nProperty and equipment net\t3679279\t609450\t324285\t4613014\n", "q10k_tbl_39": "\tIncome/(Loss) Before Taxes Impact\tAfter-Tax Net Income/(Loss) Attributable to G&W Impact\tDiluted Earnings/(Loss) Per Common Share Impact\nThree Months Ended September 30 2019\t\t\t\nCorporate development and related costs\t(8.2)\t(5.9)\t(0.10)\nRestructuring and related costs\t(3.6)\t(2.9)\t(0.05)\nRelease of a reserve for an uncertain tax position\t0\t4.2\t0.07\nThree Months Ended September 30 2018\t\t\t\nCorporate development and related costs\t(0.3)\t(0.3)\t0\nRestructuring and related costs\t(3.3)\t(2.7)\t(0.04)\nGain on settlement\t0.9\t0.3\t0.01\nTCJA measurement period adjustment\t0\t(1.6)\t(0.03)\n", "q10k_tbl_40": "\tIncome/(Loss) Before Taxes Impact\tAfter-Tax Net Income/(Loss) Attributable to G&W Impact\tDiluted Earnings/(Loss) Per Common Share Impact\nNine Months Ended September 30 2019\t\t\t\nRestructuring and related costs\t(18.8)\t(14.3)\t(0.25)\nCorporate development and related costs\t(11.1)\t(8.0)\t(0.14)\nNet loss on sale and impairment of certain assets in North America\t(1.0)\t(0.8)\t(0.01)\nAustralia enterprise bargaining agreement amendment\t(2.6)\t(0.9)\t(0.02)\nRelease of a reserve for an uncertain tax position\t0\t4.2\t0.07\nNine Months Ended September 30 2018\t\t\t\nCorporate development and related costs\t(0.9)\t(0.6)\t(0.01)\nRestructuring costs\t(12.9)\t(10.5)\t(0.17)\nLoss on sale of ERS Railways B.V.\t(1.4)\t(1.4)\t(0.02)\nGain on settlement\t7.3\t2.6\t0.04\nCredit facility refinancing-related costs\t(2.7)\t(2.0)\t(0.03)\n2017 Short Line Tax Credit\t0\t31.6\t0.52\nPrior period portion of tax adjustment\t0\t(3.7)\t(0.06)\nTCJA measurement period adjustment\t0\t(1.6)\t(0.03)\n", "q10k_tbl_41": "\tThree Months Ended September 30\t\t\t\tIncrease/(Decrease) in Total Operations\t\tIncrease/(Decrease) in Existing Operations\t\tCurrency Impact on 2018 Total Operations*\tCurrency Impact on 2018 Existing Operations*\n\t2019\t2018\t\t\t\n\tTotal Operations\tDivested Operations\tExisting Operations\tAmount\t%\tAmount\t%\t\nFreight revenues\t410149\t423374\t3216\t420158\t(13225)\t(3.1)%\t(10009)\t(2.4)%\t(8720)\t(8687)\nFreight-related revenues\t141369\t145450\t1434\t144016\t(4081)\t(2.8)%\t(2647)\t(1.8)%\t(4405)\t(4391)\nAll other revenues\t32176\t34480\t415\t34065\t(2304)\t(6.7)%\t(1889)\t(5.5)%\t(1026)\t(1022)\nTotal operating revenues\t583694\t603304\t5065\t598239\t(19610)\t(3.3)%\t(14545)\t(2.4)%\t(14151)\t(14100)\nCarloads\t798319\t838919\t7644\t831275\t(40600)\t(4.8)%\t(32956)\t(4.0)%\t\t\n", "q10k_tbl_42": "\tThree Months Ended September 30\t\t\t\tIncrease/(Decrease)\tCurrency Impact\t2018 Constant Currency*\tIncrease/(Decrease)Constant Currency*\n\t2019\t\t2018\t\t\n\tAmount\t% of Operating Revenues\tAmount\t% of Operating Revenues\t\nLabor and benefits\t175500\t30.1%\t175853\t29.1%\t(353)\t(3879)\t171974\t3526\nEquipment rents\t30926\t5.3%\t35325\t6.0%\t(4399)\t(1067)\t34258\t(3332)\nPurchased services\t51055\t8.7%\t53717\t8.9%\t(2662)\t(2132)\t51585\t(530)\nDepreciation and amortization\t63026\t10.8%\t65392\t10.8%\t(2366)\t(1475)\t63917\t(891)\nDiesel fuel used in train operations\t41533\t7.1%\t45713\t7.6%\t(4180)\t(1284)\t44429\t(2896)\nElectricity used in train operations\t1794\t0.3%\t2742\t0.5%\t(948)\t(142)\t2600\t(806)\nCasualties and insurance\t11658\t2.0%\t9912\t1.6%\t1746\t(191)\t9721\t1937\nMaterials\t32435\t5.6%\t32744\t5.4%\t(309)\t(1112)\t31632\t803\nTrackage rights\t21266\t3.6%\t22838\t3.8%\t(1572)\t(658)\t22180\t(914)\nNet gain on sale and impairment of assets\t(641)\t(0.1)%\t(642)\t(0.1)%\t1\t11\t(631)\t(10)\nRestructuring and related costs\t3561\t0.6%\t3286\t0.5%\t275\t(176)\t3110\t451\nOther expenses net\t38825\t6.7%\t28604\t4.7%\t10221\t(454)\t28150\t10675\nTotal operating expenses\t470938\t80.7%\t475484\t78.8%\t(4546)\t(12559)\t462925\t8013\n", "q10k_tbl_43": "\tThree Months Ended September 30\t\t\t\tIncrease/(Decrease) in Total Operations\t\tIncrease/(Decrease) in Existing Operations\t\tCurrency Impact on 2018 Total Operations*\tCurrency Impact on 2018 Existing Operations*\n\t2019\t2018\t\t\t\n\tTotal Operations\tDivested Operations\tExisting Operations\tAmount\t%\tAmount\t%\t\nFreight revenues\t268025\t273432\t3216\t270216\t(5407)\t(2.0)%\t(2191)\t(0.8)%\t(183)\t(150)\nFreight-related revenues\t68129\t66045\t1434\t64611\t2084\t3.2%\t3518\t5.4%\t(83)\t(69)\nAll other revenues\t16288\t16232\t415\t15817\t56\t0.3%\t471\t3.0%\t(28)\t(24)\nTotal operating revenues\t352442\t355709\t5065\t350644\t(3267)\t(0.9)%\t1798\t0.5%\t(294)\t(243)\nCarloads\t415339\t446219\t7644\t438575\t(30880)\t(6.9)%\t(23236)\t(5.3)%\t\t\n", "q10k_tbl_44": "\tThree Months Ended September 30\t\t\t\tIncrease/(Decrease) in Existing Operations\tCurrency Impact on Existing Operations\t2018 Constant Currency Existing Operations*\tIncrease/(Decrease) in Existing Operations Constant Currency*\n\t2019\t2018\t\t\t\nCommodity Group\tTotal Operations\tDivested Operations\tExisting Operations\t\nAgricultural Products\t34574\t30565\t467\t30098\t4476\t(8)\t30090\t4484\nAutos & Auto Parts\t6339\t5513\t264\t5249\t1090\t(6)\t5243\t1096\nChemicals & Plastics\t39518\t38436\t586\t37850\t1668\t(23)\t37827\t1691\nCoal & Coke\t18336\t23006\t0\t23006\t(4670)\t(10)\t22996\t(4660)\nFood & Kindred Products\t8355\t8761\t225\t8536\t(181)\t(1)\t8535\t(180)\nIntermodal\t461\t514\t0\t514\t(53)\t0\t514\t(53)\nLumber & Forest Products\t22862\t24113\t77\t24036\t(1174)\t(10)\t24026\t(1164)\nMetallic Ores\t4225\t3573\t(1)\t3574\t651\t(10)\t3564\t661\nMetals\t28115\t34904\t502\t34402\t(6287)\t(20)\t34382\t(6267)\nMinerals & Stone\t41399\t38570\t193\t38377\t3022\t(12)\t38365\t3034\nPetroleum Products\t19027\t18236\t658\t17578\t1449\t(11)\t17567\t1460\nPulp & Paper\t30648\t31961\t34\t31927\t(1279)\t(33)\t31894\t(1246)\nWaste\t8278\t8089\t63\t8026\t252\t(2)\t8024\t254\nOther\t5888\t7191\t148\t7043\t(1155)\t(4)\t7039\t(1151)\nTotal\t268025\t273432\t3216\t270216\t(2191)\t(150)\t270066\t(2041)\n", "q10k_tbl_45": "\tFreight Revenues\t\t\t\tCarloads\t\tAverage Freight Revenues Per Carload\t\t\n\tThree Months Ended September 30\t\t\t\tThree Months Ended September 30\t\tThree Months Ended\t\t\n\t2019\t\t2018 Constant Currency*\t\tSeptember 30\t\t\t\nCommodity Group\tAmount\t% of Total\tAmount\t% of Total\t2019\t2018\t2019\t2018\t2018 Constant Currency*\nAgricultural Products\t34574\t12.9%\t30552\t11.2%\t56026\t50989\t617\t599\t599\nAutos & Auto Parts\t6339\t2.4%\t5506\t2.0%\t9575\t8724\t662\t632\t631\nChemicals & Plastics\t39518\t14.7%\t38407\t14.0%\t43293\t43903\t913\t875\t875\nCoal & Coke\t18336\t6.8%\t22996\t8.4%\t52782\t70314\t347\t327\t327\nFood & Kindred Products\t8355\t3.1%\t8757\t3.2%\t13971\t15312\t598\t572\t572\nIntermodal\t461\t0.2%\t514\t0.2%\t3983\t4922\t116\t104\t104\nLumber & Forest Products\t22862\t8.5%\t24103\t8.8%\t34840\t37328\t656\t646\t646\nMetallic Ores\t4225\t1.6%\t3565\t1.3%\t4872\t4655\t867\t768\t766\nMetals\t28115\t10.5%\t34878\t12.8%\t33862\t43752\t830\t798\t797\nMinerals & Stone\t41399\t15.5%\t38555\t14.1%\t62357\t60496\t664\t638\t637\nPetroleum Products\t19027\t7.1%\t18219\t6.7%\t26081\t26231\t730\t695\t695\nPulp & Paper\t30648\t11.4%\t31926\t11.7%\t40638\t44403\t754\t720\t719\nWaste\t8278\t3.1%\t8087\t3.0%\t15764\t15859\t525\t510\t510\nOther\t5888\t2.2%\t7184\t2.6%\t17295\t19331\t340\t372\t372\nTotal\t268025\t100.0%\t273249\t100.0%\t415339\t446219\t645\t613\t612\n", "q10k_tbl_46": "\tThree Months Ended September 30\t\t\t\tIncrease/(Decrease)\tCurrency Impact\t2018 Constant Currency*\tIncrease/(Decrease) Constant Currency*\n\t2019\t\t2018\t\t\n\tAmount\t% of Operating Revenues\tAmount\t% of Operating Revenues\t\nLabor and benefits\t108161\t30.7%\t107940\t30.3%\t221\t(88)\t107852\t309\nEquipment rents\t12075\t3.4%\t15441\t4.4%\t(3366)\t(11)\t15430\t(3355)\nPurchased services\t16648\t4.7%\t14968\t4.2%\t1680\t(14)\t14954\t1694\nDepreciation and amortization\t39164\t11.1%\t41388\t11.6%\t(2224)\t(63)\t41325\t(2161)\nDiesel fuel used in train operations\t20673\t5.9%\t23230\t6.5%\t(2557)\t(25)\t23205\t(2532)\nCasualties and insurance\t8605\t2.4%\t6636\t1.9%\t1969\t(2)\t6634\t1971\nMaterials\t13577\t3.9%\t12836\t3.6%\t741\t(11)\t12825\t752\nTrackage rights\t11028\t3.1%\t10586\t3.0%\t442\t(1)\t10585\t443\nNet gain on sale and impairment of assets\t(509)\t(0.1)%\t(506)\t(0.1)%\t(3)\t4\t(502)\t(7)\nRestructuring and related costs\t323\t0.1%\t1\t-%\t322\t0\t1\t322\nOther expenses net\t27064\t7.7%\t20705\t5.8%\t6359\t(13)\t20692\t6372\nTotal operating expenses\t256809\t72.9%\t253225\t71.2%\t3584\t(224)\t253001\t3808\n", "q10k_tbl_47": "\tThree Months Ended September 30\t\tIncrease/(Decrease) in Total Operations\t\tCurrency Impact on 2018 Total Operations*\n\t2019\t2018\tAmount\t%\nFreight revenues\t61457\t65249\t(3792)\t(5.8)%\t(4066)\nFreight-related revenues\t8011\t10136\t(2125)\t(21.0)%\t(633)\nAll other revenues\t2132\t1318\t814\t61.8%\t(84)\nTotal operating revenues\t71600\t76703\t(5103)\t(6.7)%\t(4783)\nCarloads\t147478\t151318\t(3840)\t(2.5)%\t\n", "q10k_tbl_48": "\tThree Months Ended September 30\t\tIncrease/(Decrease) in Total Operations\tCurrency Impact\t2018 Constant Currency*\tIncrease/(Decrease) in Total Operations Constant Currency*\nCommodity Group\t2019\t2018\t\nAgricultural Products\t2631\t4150\t(1519)\t(259)\t3891\t(1260)\nCoal & Coke\t33187\t32357\t830\t(2025)\t30332\t2855\nIntermodal\t16446\t17538\t(1092)\t(1088)\t16450\t(4)\nMetallic Ores\t7036\t8914\t(1878)\t(552)\t8362\t(1326)\nMinerals & Stone\t1979\t2066\t(87)\t(127)\t1939\t40\nPetroleum Products\t178\t224\t(46)\t(15)\t209\t(31)\nTotal\t61457\t65249\t(3792)\t(4066)\t61183\t274\n", "q10k_tbl_49": "\tFreight Revenues\t\t\t\tCarloads\t\tAverage Freight Revenues Per Carload\t\t\n\tThree Months Ended September 30\t\t\t\tThree Months Ended September 30\t\tThree Months Ended\t\t\n\t2019\t\t2018 Constant Currency*\t\tSeptember 30\t\t\t\nCommodity Group\tAmount\t% of Total\tAmount\t% of Total\t2019\t2018\t2019\t2018\t2018 Constant Currency*\nAgricultural Products\t2631\t4.3%\t3891\t6.4%\t1525\t6529\t1725\t636\t596\nCoal & Coke\t33187\t54.0%\t30332\t49.6%\t109210\t106809\t304\t303\t284\nIntermodal\t16446\t26.8%\t16450\t26.9%\t14564\t14610\t1129\t1200\t1126\nMetallic Ores\t7036\t11.4%\t8362\t13.7%\t4984\t6464\t1412\t1379\t1294\nMinerals & Stone\t1979\t3.2%\t1939\t3.1%\t17121\t16813\t116\t123\t115\nPetroleum Products\t178\t0.3%\t209\t0.3%\t74\t93\t2405\t2409\t2247\nTotal\t61457\t100.0%\t61183\t100.0%\t147478\t151318\t417\t431\t404\n", "q10k_tbl_50": "\tThree Months Ended September 30\t\t\t\tIncrease/(Decrease)\tCurrency Impact\t2018 Constant Currency*\tIncrease/(Decrease) Constant Currency*\n\t2019\t\t2018\t\t\n\tAmount\t% of Operating Revenues\tAmount\t% of Operating Revenues\t\nLabor and benefits\t15865\t22.2%\t17400\t22.7%\t(1535)\t(1085)\t16315\t(450)\nEquipment rents\t1047\t1.5%\t1452\t1.9%\t(405)\t(91)\t1361\t(314)\nPurchased services\t5444\t7.6%\t6319\t8.2%\t(875)\t(393)\t5926\t(482)\nDepreciation and amortization\t13779\t19.2%\t14937\t19.5%\t(1158)\t(929)\t14008\t(229)\nDiesel fuel used in train operations\t7069\t9.9%\t8074\t10.5%\t(1005)\t(504)\t7570\t(501)\nCasualties and insurance\t2117\t3.0%\t1651\t2.2%\t466\t(102)\t1549\t568\nMaterials\t2740\t3.8%\t3003\t3.9%\t(263)\t(188)\t2815\t(75)\nTrackage rights\t1555\t2.2%\t1932\t2.5%\t(377)\t(123)\t1809\t(254)\nNet gain on sale and impairment of assets\t(111)\t(0.2)%\t(20)\t-%\t(91)\t1\t(19)\t(92)\nOther expenses net\t2611\t3.6%\t1242\t1.6%\t1369\t(85)\t1157\t1454\nTotal operating expenses\t52116\t72.8%\t55990\t73.0%\t(3874)\t(3499)\t52491\t(375)\n", "q10k_tbl_51": "\tThree Months Ended September 30\t\tIncrease/(Decrease) in Total Operations\t\tCurrency Impact on 2018 Total Operations*\n\t2019\t2018\tAmount\t%\nFreight revenues\t80667\t84693\t(4026)\t(4.8)%\t(4471)\nFreight-related revenues\t65229\t69269\t(4040)\t(5.8)%\t(3689)\nAll other revenues\t13756\t16930\t(3174)\t(18.7)%\t(914)\nTotal operating revenues\t159652\t170892\t(11240)\t(6.6)%\t(9074)\nCarloads\t235502\t241382\t(5880)\t(2.4)%\t\n", "q10k_tbl_52": "\tThree Months Ended September 30\t\tIncrease/(Decrease) in Total Operations\tCurrency Impact\t2018 Constant Currency*\tIncrease/(Decrease) in Total Operations Constant Currency*\nCommodity Group\t2019\t2018\t\nAgricultural Products\t763\t1053\t(290)\t(55)\t998\t(235)\nCoal & Coke\t606\t2588\t(1982)\t(137)\t2451\t(1845)\nIntermodal\t56998\t58609\t(1611)\t(3177)\t55432\t1566\nMinerals & Stone\t21672\t22344\t(672)\t(1097)\t21247\t425\nPetroleum Products\t628\t99\t529\t(5)\t94\t534\nTotal\t80667\t84693\t(4026)\t(4471)\t80222\t445\n", "q10k_tbl_53": "\tFreight Revenues\t\t\t\tCarloads\t\tAverage Freight Revenues Per Carload\t\t\n\tThree Months Ended September 30\t\t\t\tThree Months Ended September 30\t\tThree Months Ended\t\t\n\t2019\t\t2018 Constant Currency*\t\tSeptember 30\t\t\t\nCommodity Group\tAmount\t% of Total\tAmount\t% of Total\t2019\t2018\t2019\t2018\t2018 Constant Currency*\nAgricultural Products\t763\t0.9%\t998\t1.2%\t560\t776\t1363\t1357\t1286\nCoal & Coke\t606\t0.7%\t2451\t3.1%\t1468\t4271\t413\t606\t574\nIntermodal\t56998\t70.7%\t55432\t69.1%\t179147\t188002\t318\t312\t295\nMinerals & Stone\t21672\t26.9%\t21247\t26.5%\t51430\t48111\t421\t464\t442\nPetroleum Products\t628\t0.8%\t94\t0.1%\t2897\t222\t217\t446\t423\nTotal\t80667\t100.0%\t80222\t100.0%\t235502\t241382\t343\t351\t332\n", "q10k_tbl_54": "\tThree Months Ended September 30\t\t\t\tIncrease/(Decrease)\tCurrency Impact\t2018 Constant Currency*\tIncrease/(Decrease) Constant Currency*\n\t2019\t\t2018\t\t\n\tAmount\t% of Operating Revenues\tAmount\t% of Operating Revenues\t\nLabor and benefits\t51474\t32.3%\t50513\t29.6%\t961\t(2706)\t47807\t3667\nEquipment rents\t17804\t11.2%\t18432\t10.8%\t(628)\t(965)\t17467\t337\nPurchased services\t28963\t18.1%\t32430\t19.0%\t(3467)\t(1725)\t30705\t(1742)\nDepreciation and amortization\t10083\t6.3%\t9067\t5.3%\t1016\t(483)\t8584\t1499\nDiesel fuel used in train operations\t13791\t8.7%\t14409\t8.4%\t(618)\t(755)\t13654\t137\nElectricity used in train operations\t1794\t1.1%\t2742\t1.6%\t(948)\t(142)\t2600\t(806)\nCasualties and insurance\t936\t0.6%\t1625\t1.0%\t(689)\t(87)\t1538\t(602)\nMaterials\t16118\t10.1%\t16905\t9.9%\t(787)\t(913)\t15992\t126\nTrackage rights\t8683\t5.4%\t10320\t6.0%\t(1637)\t(534)\t9786\t(1103)\nNet gain on sale and impairment of assets\t(21)\t-%\t(116)\t(0.1)%\t95\t6\t(110)\t89\nRestructuring and related costs\t3238\t2.0%\t3285\t1.9%\t(47)\t(176)\t3109\t129\nOther expenses net\t9150\t5.7%\t6657\t3.9%\t2493\t(356)\t6301\t2849\nTotal operating expenses\t162013\t101.5%\t166269\t97.3%\t(4256)\t(8836)\t157433\t4580\n", "q10k_tbl_55": "\tNine Months Ended September 30\t\t\t\tIncrease/(Decrease) in Total Operations\t\tIncrease/(Decrease) in Existing Operations\t\tCurrency Impact on 2018 Total Operations*\tCurrency Impact on 2018 Existing Operations*\n\t\t2018\t\t\t\n\t2019\tTotal Operations\tDivested Operations\tExisting Operations\tAmount\t%\tAmount\t%\t\nFreight revenues\t1196619\t1241245\t27121\t1214124\t(44626)\t(3.6)%\t(17505)\t(1.4)%\t(32978)\t(31407)\nFreight-related revenues\t420027\t429049\t11759\t417290\t(9022)\t(2.1)%\t2737\t0.7%\t(14968)\t(14339)\nAll other revenues\t96617\t102661\t1373\t101288\t(6044)\t(5.9)%\t(4671)\t(4.6)%\t(3500)\t(3454)\nTotal operating revenues\t1713263\t1772955\t40253\t1732702\t(59692)\t(3.4)%\t(19439)\t(1.1)%\t(51446)\t(49200)\nCarloads\t2326187\t2484595\t74738\t2409857\t(158408)\t(6.4)%\t(83670)\t(3.5)%\t\t\n", "q10k_tbl_56": "\tNine Months Ended September 30\t\t\t\tIncrease/(Decrease)\tCurrency Impact\t2018 Constant Currency*\tIncrease/(Decrease) Constant Currency*\n\t2019\t\t2018\t\t\n\tAmount\t% of Operating Revenues\tAmount\t% of Operating Revenues\t\nLabor and benefits\t539751\t31.5%\t539407\t30.4%\t344\t(14272)\t525135\t14616\nEquipment rents\t95169\t5.6%\t104214\t5.9%\t(9045)\t(4011)\t100203\t(5034)\nPurchased services\t156337\t9.1%\t178864\t10.1%\t(22527)\t(8693)\t170171\t(13834)\nDepreciation and amortization\t188169\t11.0%\t197127\t11.1%\t(8958)\t(5811)\t191316\t(3147)\nDiesel fuel used in train operations\t127674\t7.5%\t137487\t7.8%\t(9813)\t(4628)\t132859\t(5185)\nElectricity used in train operations\t6344\t0.4%\t7020\t0.4%\t(676)\t(425)\t6595\t(251)\nCasualties and insurance\t34869\t2.0%\t32862\t1.8%\t2007\t(719)\t32143\t2726\nMaterials\t94949\t5.5%\t97589\t5.5%\t(2640)\t(3701)\t93888\t1061\nTrackage rights\t64633\t3.8%\t67119\t3.8%\t(2486)\t(2382)\t64737\t(104)\nNet gain on sale and impairment of assets\t(1151)\t(0.1)%\t(2501)\t(0.1)%\t1350\t9\t(2492)\t1341\nRestructuring costs\t18756\t1.1%\t12931\t0.7%\t5825\t(673)\t12258\t6498\nOther expenses net\t101097\t5.9%\t82978\t4.7%\t18119\t(1272)\t81706\t19391\nTotal operating expenses\t1426597\t83.3%\t1455097\t82.1%\t(28500)\t(46578)\t1408519\t18078\n", "q10k_tbl_57": "\tNine Months Ended September 30\t\t\t\tIncrease/(Decrease) in Total Operations\t\tIncrease/(Decrease) in Existing Operations\t\tCurrency Impact on 2018 Total Operations*\tCurrency Impact on 2018 Existing Operations*\n\t\t2018\t\t\t\n\t2019\tTotal Operations\tDivested Operations\tExisting Operations\tAmount\t%\tAmount\t%\t\nFreight revenues\t778969\t778717\t10035\t768682\t252\t-%\t10287\t1.3%\t(1716)\t(1408)\nFreight-related revenues\t198740\t193344\t4753\t188591\t5396\t2.8%\t10149\t5.4%\t(576)\t(421)\nAll other revenues\t49026\t48835\t1352\t47483\t191\t0.4%\t1543\t3.2%\t(284)\t(240)\nTotal operating revenues\t1026735\t1020896\t16140\t1004756\t5839\t0.6%\t21979\t2.2%\t(2576)\t(2069)\nCarloads\t1216091\t1282585\t23789\t1258796\t(66494)\t(5.2)%\t(42705)\t(3.4)%\t\t\n", "q10k_tbl_58": "\tNine Months Ended September 30\t\t\t\tIncrease/(Decrease) in Existing Operations\tCurrency Impact on Existing Operations\t2018 Constant Currency Existing Operations*\tIncrease/(Decrease) in Existing Operations Constant Currency*\n\t\t2018\t\t\t\nCommodity Group\t2019\tTotal Operations\tDivested Operations\tExisting Operations\t\nAgricultural Products\t99383\t91630\t1474\t90156\t9227\t(131)\t90025\t9358\nAutos & Auto Parts\t17905\t16686\t745\t15941\t1964\t(59)\t15882\t2023\nChemicals & Plastics\t116504\t113625\t1954\t111671\t4833\t(229)\t111442\t5062\nCoal & Coke\t56089\t62038\t0\t62038\t(5949)\t(72)\t61966\t(5877)\nFood & Kindred Products\t25559\t25587\t551\t25036\t523\t(6)\t25030\t529\nIntermodal\t1439\t1203\t0\t1203\t236\t(1)\t1202\t237\nLumber & Forest Products\t68238\t70362\t264\t70098\t(1860)\t(98)\t70000\t(1762)\nMetallic Ores\t9883\t10816\t2\t10814\t(931)\t(82)\t10732\t(849)\nMetals\t87032\t95791\t1485\t94306\t(7274)\t(167)\t94139\t(7107)\nMinerals & Stone\t111806\t107122\t720\t106402\t5404\t(75)\t106327\t5479\nPetroleum Products\t56779\t52870\t2015\t50855\t5924\t(112)\t50743\t6036\nPulp & Paper\t88940\t90346\t117\t90229\t(1289)\t(330)\t89899\t(959)\nWaste\t23104\t21316\t180\t21136\t1968\t(6)\t21130\t1974\nOther\t16308\t19325\t528\t18797\t(2489)\t(40)\t18757\t(2449)\nTotal\t778969\t778717\t10035\t768682\t10287\t(1408)\t767274\t11695\n", "q10k_tbl_59": "\tFreight Revenues\t\t\t\tCarloads\t\tAverage Freight Revenues Per Carload\t\t\n\tNine Months Ended September 30\t\t\t\tNine Months Ended September 30\t\tNine Months Ended\t\t\n\t2019\t\t2018 Constant Currency*\t\tSeptember 30\t\t\t\nCommodity Group\tAmount\t% of Total\tAmount\t% of Total\t2019\t2018\t2019\t2018\t2018 Constant Currency*\nAgricultural Products\t99383\t12.7%\t91452\t11.8%\t166415\t156515\t597\t585\t584\nAutos & Auto Parts\t17905\t2.2%\t16607\t2.1%\t27035\t26546\t662\t629\t626\nChemicals & Plastics\t116504\t15.0%\t113335\t14.6%\t128597\t132530\t906\t857\t855\nCoal & Coke\t56089\t7.2%\t61966\t8.0%\t154992\t191626\t362\t324\t323\nFood & Kindred Products\t25559\t3.3%\t25565\t3.3%\t43035\t45402\t594\t564\t563\nIntermodal\t1439\t0.2%\t1202\t0.1%\t11776\t11822\t122\t102\t102\nLumber & Forest Products\t68238\t8.8%\t70256\t9.0%\t102925\t111311\t663\t632\t631\nMetallic Ores\t9883\t1.3%\t10735\t1.4%\t12287\t13499\t804\t801\t795\nMetals\t87032\t11.2%\t95580\t12.3%\t105972\t119796\t821\t800\t798\nMinerals & Stone\t111806\t14.3%\t107023\t13.8%\t171867\t170348\t651\t629\t628\nPetroleum Products\t56779\t7.3%\t52695\t6.8%\t76960\t76231\t738\t694\t691\nPulp & Paper\t88940\t11.4%\t90011\t11.6%\t119894\t127522\t742\t708\t706\nWaste\t23104\t3.0%\t21305\t2.7%\t44069\t42677\t524\t499\t499\nOther\t16308\t2.1%\t19269\t2.5%\t50267\t56760\t324\t340\t339\nTotal\t778969\t100.0%\t777001\t100.0%\t1216091\t1282585\t641\t607\t606\n", "q10k_tbl_60": "\tNine Months Ended September 30\t\t\t\tIncrease/(Decrease)\tCurrency Impact\t2018 Constant Currency*\tIncrease/(Decrease) Constant Currency*\n\t2019\t\t2018\t\t\n\tAmount\t% of Operating Revenues\tAmount\t% of Operating Revenues\t\nLabor and benefits\t333971\t32.5%\t329146\t32.2%\t4825\t(888)\t328258\t5713\nEquipment rents\t36609\t3.6%\t41574\t4.1%\t(4965)\t(110)\t41464\t(4855)\nPurchased services\t49764\t4.8%\t43550\t4.3%\t6214\t(125)\t43425\t6339\nDepreciation and amortization\t116333\t11.3%\t123266\t12.1%\t(6933)\t(605)\t122661\t(6328)\nDiesel fuel used in train operations\t67813\t6.6%\t71963\t7.0%\t(4150)\t(310)\t71653\t(3840)\nCasualties and insurance\t26434\t2.6%\t23249\t2.3%\t3185\t(56)\t23193\t3241\nMaterials\t41293\t4.0%\t39189\t3.8%\t2104\t(122)\t39067\t2226\nTrackage rights\t33123\t3.2%\t30225\t2.9%\t2898\t(17)\t30208\t2915\nNet gain on sale and impairment of assets\t(151)\t-%\t(2124)\t(0.2)%\t1973\t7\t(2117)\t1966\nRestructuring and related costs\t1553\t0.2%\t42\t-%\t1511\t0\t42\t1511\nOther expenses net\t70784\t6.9%\t64898\t6.4%\t5886\t(160)\t64738\t6046\nTotal operating expenses\t777526\t75.7%\t764978\t74.9%\t12548\t(2386)\t762592\t14934\n", "q10k_tbl_61": "\tNine Months Ended September 30\t\tIncrease/(Decrease) in Total Operations\t\tCurrency Impact on 2018 Total Operations*\n\t2019\t2018\tAmount\t%\nFreight revenues\t174199\t194335\t(20136)\t(10.4)%\t(14929)\nFreight-related revenues\t23902\t32214\t(8312)\t(25.8)%\t(2485)\nAll other revenues\t5137\t4017\t1120\t27.9%\t(310)\nTotal operating revenues\t203238\t230566\t(27328)\t(11.9)%\t(17724)\nCarloads\t419251\t442798\t(23547)\t(5.3)%\t\n", "q10k_tbl_62": "\t\t\tIncrease/(Decrease) in Total Operations\tCurrency Impact\t2018 Constant Currency*\tIncrease/(Decrease) Total Operations Constant Currency*\n\tNine Months Ended September 30\t\t\nCommodity Group\t2019\t2018\t\nAgricultural Products\t8684\t15639\t(6955)\t(1222)\t14417\t(5733)\nCoal and Coke\t91323\t96506\t(5183)\t(7431)\t89075\t2248\nIntermodal\t45705\t50613\t(4908)\t(3868)\t46745\t(1040)\nMetallic Ores\t22177\t24770\t(2593)\t(1885)\t22885\t(708)\nMinerals & Stone\t5834\t6247\t(413)\t(481)\t5766\t68\nPetroleum Products\t476\t560\t(84)\t(42)\t518\t(42)\nTotal\t174199\t194335\t(20136)\t(14929)\t179406\t(5207)\n", "q10k_tbl_63": "\tFreight Revenues\t\t\t\tCarloads\t\tAverage Freight Revenues Per Carload\t\t\n\tNine Months Ended September 30\t\t\t\tNine Months Ended September 30\t\tNine Months Ended\t\t\n\t2019\t\t2018 Constant Currency*\t\tSeptember 30\t\t\t\nCommodity Group\tAmount\t% of Total\tAmount\t% of Total\t2019\t2018\t2019\t2018\t2018 Constant Currency*\nAgricultural Products\t8684\t5.0%\t14417\t8.0%\t10009\t33816\t868\t462\t426\nCoal & Coke\t91323\t52.4%\t89075\t49.6%\t305461\t300947\t299\t321\t296\nIntermodal\t45705\t26.2%\t46745\t26.1%\t39559\t41321\t1155\t1225\t1131\nMetallic Ores\t22177\t12.7%\t22885\t12.8%\t15613\t16921\t1420\t1464\t1352\nMinerals & Stone\t5834\t3.4%\t5766\t3.2%\t48411\t49567\t121\t126\t116\nPetroleum Products\t476\t0.3%\t518\t0.3%\t198\t226\t2404\t2478\t2292\nTotal\t174199\t100.0%\t179406\t100.0%\t419251\t442798\t416\t439\t405\n", "q10k_tbl_64": "\tNine Months Ended September 30\t\t\t\tIncrease/(Decrease)\tCurrency Impact\t2018 Constant Currency*\tIncrease/(Decrease) Constant Currency*\n\t2019\t\t2018\t\t\n\tAmount\t% of Operating Revenues\tAmount\t% of Operating Revenues\t\nLabor and benefits\t51605\t25.4%\t55318\t24.0%\t(3713)\t(4286)\t51032\t573\nEquipment rents\t2931\t1.4%\t3950\t1.7%\t(1019)\t(304)\t3646\t(715)\nPurchased services\t16467\t8.1%\t19603\t8.5%\t(3136)\t(1507)\t18096\t(1629)\nDepreciation and amortization\t42382\t20.9%\t46232\t20.1%\t(3850)\t(3577)\t42655\t(273)\nDiesel fuel used in train operations\t20234\t10.0%\t23557\t10.2%\t(3323)\t(1804)\t21753\t(1519)\nCasualties and insurance\t5072\t2.5%\t5198\t2.3%\t(126)\t(400)\t4798\t274\nMaterials\t8231\t4.0%\t8725\t3.8%\t(494)\t(670)\t8055\t176\nTrackage rights\t4497\t2.2%\t6510\t2.8%\t(2013)\t(508)\t6002\t(1505)\nNet gain on sale and impairment of assets\t(170)\t(0.1)%\t(133)\t(0.1)%\t(37)\t10\t(123)\t(47)\nRestructuring and related costs\t1686\t0.8%\t0\t-%\t1686\t0\t0\t1686\nOther expenses net\t6661\t3.3%\t(979)\t(0.4)%\t7640\t36\t(943)\t7604\nTotal operating expenses\t159596\t78.5%\t167981\t72.9%\t(8385)\t(13010)\t154971\t4625\n", "q10k_tbl_65": "\tNine Months Ended September 30\t\t\t\tIncrease/(Decrease) in Total Operations\t\tIncrease/(Decrease) in Existing Operations\t\tCurrency Impact on 2018 Total Operations*\tCurrency Impact on 2018 Existing Operations*\n\t\t2018\t\t\t\n\t2019\tTotal Operations\tDivested Operations\tExisting Operations\tAmount\t%\tAmount\t%\t\nFreight revenues\t243451\t268193\t17086\t251107\t(24742)\t(9.2)%\t(7656)\t(3.0)%\t(16333)\t(15070)\nFreight-related revenues\t197385\t203491\t7006\t196485\t(6106)\t(3.0)%\t900\t0.5%\t(11907)\t(11433)\nAll other revenues\t42454\t49809\t21\t49788\t(7355)\t(14.8)%\t(7334)\t(14.7)%\t(2906)\t(2904)\nTotal operating revenues\t483290\t521493\t24113\t497380\t(38203)\t(7.3)%\t(14090)\t(2.8)%\t(31146)\t(29407)\nCarloads\t690845\t759212\t50949\t708263\t(68367)\t(9.0)%\t(17418)\t(2.5)%\t\t\n", "q10k_tbl_66": "\tNine Months Ended September 30\t\t\t\tIncrease/(Decrease) in Existing Operations\tCurrency Impact on Existing Operations\t2018 Constant Currency Existing Operations*\tIncrease/(Decrease) in Existing Operations Constant Currency*\n\t\t2018\t\t\t\nCommodity Group\t2019\tTotal Operations\tDivested Operations\tExisting Operations\t\nAgricultural Products\t2011\t3073\t0\t3073\t(1062)\t(226)\t2847\t(836)\nCoal & Coke\t6195\t8751\t0\t8751\t(2556)\t(563)\t8188\t(1993)\nIntermodal\t174500\t192413\t17086\t175327\t(827)\t(10132)\t165195\t9305\nMinerals & Stone\t58709\t63849\t0\t63849\t(5140)\t(4144)\t59705\t(996)\nPetroleum Products\t2036\t107\t0\t107\t1929\t(5)\t102\t1934\nTotal\t243451\t268193\t17086\t251107\t(7656)\t(15070)\t236037\t7414\n", "q10k_tbl_67": "\tFreight Revenues\t\t\t\tCarloads\t\tAverage Freight Revenues Per Carload\t\t\n\tNine Months Ended September 30\t\t\t\tNine Months Ended September 30\t\tNine Months Ended\t\t\n\t2019\t\t2018 Constant Currency*\t\tSeptember 30\t\t\t\nCommodity Group\tAmount\t% of Total\tAmount\t% of Total\t2019\t2018\t2019\t2018\t2018 Constant Currency*\nAgricultural Products\t2011\t0.9%\t2847\t1.1%\t1486\t2349\t1353\t1308\t1212\nCoal & Coke\t6195\t2.5%\t8188\t3.3%\t11407\t14204\t543\t616\t576\nIntermodal\t174500\t71.7%\t181018\t71.9%\t533115\t599840\t327\t321\t302\nMinerals & Stone\t58709\t24.0%\t59705\t23.7%\t135420\t142577\t434\t448\t419\nPetroleum Products\t2036\t0.9%\t102\t-%\t9417\t242\t216\t442\t421\nTotal\t243451\t100.0%\t251860\t100.0%\t690845\t759212\t352\t353\t332\n", "q10k_tbl_68": "\tNine Months Ended September 30\t\t\t\tIncrease/(Decrease)\tCurrency Impact\t2018 Constant Currency*\tIncrease/(Decrease) Constant Currency*\n\t2019\t\t2018\t\t\n\tAmount\t% of Operating Revenues\tAmount\t% of Operating Revenues\t\nLabor and benefits\t154175\t31.9%\t154943\t29.7%\t(768)\t(9098)\t145845\t8330\nEquipment rents\t55629\t11.5%\t58690\t11.3%\t(3061)\t(3597)\t55093\t536\nPurchased services\t90106\t18.7%\t115711\t22.2%\t(25605)\t(7061)\t108650\t(18544)\nDepreciation and amortization\t29454\t6.1%\t27629\t5.3%\t1825\t(1629)\t26000\t3454\nDiesel fuel used in train operations\t39627\t8.2%\t41967\t8.0%\t(2340)\t(2514)\t39453\t174\nElectricity used in train operations\t6344\t1.3%\t7020\t1.3%\t(676)\t(425)\t6595\t(251)\nCasualties and insurance\t3363\t0.7%\t4415\t0.8%\t(1052)\t(263)\t4152\t(789)\nMaterials\t45425\t9.4%\t49675\t9.5%\t(4250)\t(2909)\t46766\t(1341)\nTrackage rights\t27013\t5.6%\t30384\t5.8%\t(3371)\t(1857)\t28527\t(1514)\nNet gain on sale and impairment of assets\t(830)\t(0.2)%\t(244)\t-%\t(586)\t(8)\t(252)\t(578)\nRestructuring and related costs\t15517\t3.2%\t12889\t2.5%\t2628\t(673)\t12216\t3301\nOther expenses net\t23652\t4.9%\t19059\t3.7%\t4593\t(1148)\t17911\t5741\nTotal operating expenses\t489475\t101.3%\t522138\t100.1%\t(32663)\t(31182)\t490956\t(1481)\n", "q10k_tbl_69": "\tSeptember 30 2019\tDecember 31 2018\nSenior secured credit facility\t1561648\t1783423\nAustralian senior secured credit facility(a)\t427718\t458166\nAustralian subordinated shareholder loan from MIRA(b)\t160675\t167796\nOther debt\t81060\t64261\nLess: deferred financing fees\t(15587)\t(20108)\nTotal debt\t2215514\t2453538\n", "q10k_tbl_70": "\tNine Months Ended September 30 2019\t\t\t\n\tNorth American Operations\tAustralian Operations\tU.K./European Operations\tTotal\nCapital Expenditures:\t\t\t\t\nTrack and equipment self-funded\t130679\t11500\t23523\t165702\nTrack and equipment subject to third-party funding\t40409\t0\t0\t40409\nNew business investments\t2635\t16305\t0\t18940\nGross capital expenditures\t173723\t27805\t23523\t225051\nGrants from outside parties\t(27553)\t0\t0\t(27553)\nNet capital expenditures\t146170\t27805\t23523\t197498\n", "q10k_tbl_71": "Period in 2019\t(a) Total Number of Shares (or Units) Purchased (1)\t(b) Average Price Paid per Share (or Unit)(1)\t(c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs (2)\t(d) Maximum Number of Shares (or Units) (or Approximate Dollar Value) that May Yet Be Purchased Under the Plans or Programs (2)\nJuly 1 to July 31\t0\t0\t0\t335000045\nAugust 1 to August 31\t31256\t110.05\t0\t335000045\nSeptember 1 to September 30\t0\t0\t0\t335000045\nTotal\t31256\t110.05\t0\t\n", "q10k_tbl_72": "Number\tDescription\n2.1\tAgreement and Plan of Merger dated as of July 1 2019 by and among Genesee & Wyoming Inc. DJP XX LLC and MKM XXII Corp. is incorporated herein by reference to Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed on July 1 2019.\n2.2\tPartnership Interest Sale Agreement dated August 4 2019 by and among GWI Holding B.V. GWI International Pty Ltd GWI International B.V. Macquarie Australian Infrastructure Management 1 Limited as trustee for the PGGM Ibis LP Trust as the Buyer Brookfield Infrastructure Group LLC and trustees guarantors and partners thereto is incorporated herein by reference to the Registrant's Quarterly Report on Form 10-Q filed on August 7 2019.\n*31.1\tRule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer\n*31.2\tRule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer\n*32.1\tSection 1350 Certification\n*101\tThe following financial information from Genesee & Wyoming Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30 2019 formatted in Inline Extensible Business Reporting Language (iXBRL) includes: (i) Consolidated Balance Sheets as of September 30 2019 and December 31 2018 (ii) Consolidated Statements of Operations for the three and nine months ended September 30 2019 and 2018 (iii) Consolidated Statements of Comprehensive Income for the three and nine months ended September 30 2019 and 2018 (iv) Consolidated Statements of Changes in Equity for the three and nine months ended September 30 2019 and 2018 (v) Consolidated Statements of Cash Flows for the nine months ended September 30 2019 and 2018 and (vi) the Notes to Consolidated Financial Statements.\n*104\tCover Page Interactive Date File (formatted as Inline XBRL and contained in Exhibit 101)\n"}{"bs": "q10k_tbl_2", "is": "q10k_tbl_3", "cf": "q10k_tbl_7"}None
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol
Name of Each Exchange on Which Registered
Class A Common Stock
GWR
New York Stock Exchange
(NYSE)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒Yes☐ No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒Yes☐ No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
☐ Yes ☒ No
Shares of common stock outstanding as of the close of business on October 31, 2019:
Unless the context otherwise requires, when used in this Quarterly Report on Form 10-Q, the terms "Genesee & Wyoming," "G&W," the "Company," "we," "our" and "us" refer to Genesee & Wyoming Inc. and its subsidiaries. All references to currency amounts included in this Quarterly Report on Form 10-Q, including the financial statements, are in United States dollars unless specifically noted otherwise. The term carload represents physical railcars and the estimated railcar equivalents of commodities transported by metric ton or other measure, as well as intermodal units.
From time to time, we may use our website as a channel of distribution of material company information. Financial and other material information regarding the Company is routinely posted on and accessible at www.gwrr.com/investors. In addition, you may automatically receive email alerts and other information about us by enrolling your email address in the "Email Alerts" section of www.gwrr.com/investors. The information contained on or connected to our Internet website is not deemed to be incorporated by reference in this Quarterly Report or filed with the Securities and Exchange Commission.
Forward-Looking Statements
This report and other documents referred to in this report contain forward-looking statements regarding future events and the future performance of Genesee & Wyoming Inc. that are based on current expectations, estimates and projections about our industry, our business and our performance, management's beliefs and assumptions made by management. Words such as "anticipates," "intends," "plans," "believes," "could," "should," "seeks," "expects," "will," "estimates," "trends," "outlook," variations of these words and similar expressions are intended to identify these forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to forecast, including the following: the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement with affiliates of Brookfield Infrastructure and GIC; the inability to complete the proposed merger due to the failure to satisfy other conditions to completion of the proposed merger, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction; risks related to disruption of management’s attention from G&W's ongoing business operations due to the transaction; the effect of the proposed merger on G&W's ability to retain and hire key personnel or maintain relationships with its customers, operating results and business generally; the risk that the proposed merger will not be consummated in a timely manner; exceeding the expected costs of the merger; risks related to the operation of our railroads; severe weather conditions and other natural occurrences, which could result in shutdowns, derailments, railroad network and port congestion or other substantial disruption of operations; customer demand and changes in our operations or loss of important customers; exposure to the credit risk of customers and counterparties; changes in commodity prices; consummation and integration of acquisitions; implementation of restructuring plans; economic, political and industry conditions, including employee strikes or work stoppages; retention and contract continuation; our ability to attract and retain skilled workers; legislative and regulatory developments, including changes in environmental and other laws and regulations to which we or our customers are subject; increased competition in relevant markets; funding needs and financing sources, including our ability to obtain government funding for capital projects; international complexities of operations, currency fluctuations, finance, tax and decentralized management; challenges of managing rapid growth, including retention and development of senior leadership; unpredictability of fuel costs; susceptibility to and outcome of various legal claims, lawsuits and arbitrations; increase in, or volatility associated with, expenses related to estimated claims, self-insured retention amounts and insurance coverage, collectability and limits; consummation of new business opportunities; decrease in revenues and/or increase in costs and expenses; susceptibility to the risks of doing business in foreign countries; uncertainties arising from a referendum in which voters in the United Kingdom (U.K.) approved an exit from the European Union (E.U.), commonly referred to as Brexit; our ability to integrate acquired businesses successfully or to realize the expected synergies associated with acquisitions; risks associated with our substantial indebtedness; failure to maintain satisfactory working relationships with partners in Australia; failure to maintain an effective system of internal control over financial reporting as well as disclosure controls and procedures and other risks including, but not limited to, those set forth in Part II Item 1A of this Quarterly Report on Form 10-Q, if any, and those noted in our 2018 Annual Report on Form 10-K under "Risk Factors." Therefore, actual results may differ materially from those expressed or forecasted in any such forward-looking statements. Forward-looking statements speak only as of the date of this report or as of the date they were made. We do not undertake, and expressly disclaim, any duty to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
AS OF SEPTEMBER 30, 2019 and DECEMBER 31, 2018 (Unaudited)
(dollars in thousands, except per share and share amounts)
September 30, 2019
December 31, 2018
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
$
86,912
$
90,387
Accounts receivable, net
437,062
426,305
Materials and supplies
58,476
56,716
Prepaid expenses and other
36,275
54,185
Total current assets
618,725
627,593
PROPERTY AND EQUIPMENT, net
4,664,837
4,613,014
GOODWILL
1,096,095
1,115,849
INTANGIBLE ASSETS, net
1,362,963
1,430,197
DEFERRED INCOME TAX ASSETS, net
5,102
4,616
OTHER ASSETS
536,657
77,192
Total assets
$
8,284,379
$
7,868,461
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt
$
38,951
$
28,303
Accounts payable
278,418
288,070
Accrued expenses
245,874
165,280
Total current liabilities
563,243
481,653
LONG-TERM DEBT, less current portion
2,176,563
2,425,235
DEFERRED INCOME TAX LIABILITIES, net
884,402
877,721
DEFERRED ITEMS - grants from outside parties
344,813
326,520
OTHER LONG-TERM LIABILITIES
608,101
127,280
COMMITMENTS AND CONTINGENCIES
EQUITY:
Class A Common Stock, $0.01 par value, one vote per share; 180,000,000 shares authorized at September 30, 2019 and December 31, 2018; 75,696,850 and 75,240,513 shares issued and 56,663,012 and 56,349,327 shares outstanding (net of 19,033,838 and 18,891,186 shares in treasury) on September 30, 2019 and December 31, 2018, respectively
757
752
Class B Common Stock, $0.01 par value, ten votes per share; 30,000,000 shares authorized at September 30, 2019 and December 31, 2018; 376,392 and 517,138 shares issued and outstanding on September 30, 2019 and December 31, 2018, respectively
4
5
Additional paid-in capital
1,812,085
1,785,005
Retained earnings
2,638,043
2,482,252
Accumulated other comprehensive loss
(230,108
)
(146,456
)
Treasury stock, at cost
(711,922
)
(699,852
)
Total Genesee & Wyoming Inc. stockholders' equity
3,508,859
3,421,706
Noncontrolling interest
198,398
208,346
Total equity
3,707,257
3,630,052
Total liabilities and equity
$
8,284,379
$
7,868,461
The accompanying notes are an integral part of these consolidated financial statements.