| Transcript |
|^L<\f<*WCC ^JjC«t
LIABILITIES
Dec. 31, 1949 Dec. 31, 1948
CURRENT LIABILITIES
Accounts Payable I 1,486,861.18 $ 2,003,633.40
Accrued Expenses and Charges 2,302,751.55 2,281,253.45
Funded and Long-Term Indebtedness—Due Within One Year 449,778.39 604,144.20
Other 126,064.01 120,640.51
Total $ 4,365,455.13 $ 5,009,671.56
Federal and State Income Taxes—(Note 5) $ 2,528,280.27 $ 2,509,658.34
Less: U. S. Treasury Tax Notes—(At Cost) 1,550,000.00 2,509,658.34
» 978,280.27 »
Total Current Liabilities $ 5,343,735.40 $ 5,009,671.56
FUNDED AND LONG-TERM INDEBTEDNESS
First Mortgage Bonds and Notes—(Note 6) $23,540,518.99 $22,557,365.03
Second Mortgage Bonds and Notes 375,000.00
Notes Payable 203,511.41 218,511.41
Installment Contract Payable 14,000.00 36,298.16
$23,758,030.40 $23,187,174.60
Less: Amounts Due Within One Year—(Above) 449,778.39 604,144.20
Total $23,308,252.01 $22,583,030.40
RESERVES
For Contingencies—(Note 7) $ 1,700,000.00 $ 1,700,000.00
Dividends Payable on Convertible
Preference Stock Under Option—(Note 8) 129,548.00
Other 13,366.32 _ 8,275.03
Total $ 1,842,914.32 $ 1,708,275.03
capital STOCK and surplus Shares
Capital Stock—(Notes 8 and 9) Dec. 31, 1949 Dec. 31, 1948
First Preferred—Par $100.00
Authorized and Unissued 100,000.00 100,000.00
Convertible Preference—
Par $50.00 Authorized 375,373.03 382,611.03
Unissued 133,069.03 133,069.03
Treasury Stock 126,039.00 115,079.00
259,108.03 248,148.03
Outstanding 116,265.00 134,463.00 $5,813,250.00 $6,723,150.00
Common—Par $5.00
Authorized 4,000,000.00 4,000,000.00
Less:
Reserved for Conversion
Privileges of Convertible
Preference Stock 484,608.00 499,084.00
Unreserved 1,902,312.00 1,886,271.00
2,386,920.00 2,385,355.00
Outstanding 1,613,080.00 1,614,645.00 8,065,400.00 8,073,225.00
Total Capital Stock .$13,878,650.00 $14,796,375.00
Surplus
Capital Surplus $ 7,340,447.00 $ 7,091,924.00
Earned Surplus 9,158,834.14 6,952,820.80
Total Surplus $16,499,281.14 $14,044,744.80
Total $30,377,931.14 $28,841,119.80
Deduct: Common Stock in Treasury—(At Cost)
114,228 Shares at December 31, 1949 and
31,100 Shares at December 31, 1948 1,109,118.94 330,917.03
Total Capital Stock and Surplus $29,268,812.20 $28,510,202.77
total liabilities $59,763,713.93 $57,811,179.76
|
