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Genesee & Wyoming Reports Results For The Fourth Quarter Of 2012

Stocks in this article: GWR

In the fourth quarter of 2012 and 2011, GWI's results included certain significant items that are set forth in the following table ($ in millions, except per share amounts).

                   
After-Tax
Net (Loss)/ Diluted
(Loss)/ Income (Loss)/
Income Attributable Earnings Per
Before Taxes to GWI Common
Impact Impact Share Impact

Q4 2012

RailAmerica acquisition-related costs $ (12.6 ) $ (10.9 ) $ (0.23 )
RailAmerica financing-related costs $ (15.8 ) $ (9.5 ) $ (0.20 )
RailAmerica integration costs $ (11.4 ) $ (6.8 ) $ (0.12 )
Acquisition/integration costs incurred by RailAmerica $ - $ (3.5 ) $ (0.06 )
Other business/corporate development costs $ (0.5 ) $ (0.3 ) $ (0.01 )
Gain on insurance recoveries $ 0.6 $ 0.4 $ 0.01
Net gain on sale of assets $ 0.8 $ 0.6 $ 0.01
Contract termination expense in Australia $ (1.1 ) $ (0.8 ) $ (0.01 )
 
 

Q4 2011

Acquisition-related income tax benefits $ - $ 1.9 $ 0.04
Net gain/(loss) on the sale and impairment of assets $ 3.0 $ 1.9 $ 0.04
Edith River derailment costs $ (1.8 ) $ (1.3 ) $ (0.03 )
Business/corporate development costs $ (0.8 ) $ (0.5 ) $ (0.01 )
Short line tax credit $ - $ 2.2 $ 0.05
 

Explanation of Q4 2012 Significant Items

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