(b) The payment of the Australian stamp duty in the 2011 period related to the acquisition of FreightLink in Australia, which was accrued as of December 31, 2010.
GWI’s free cash flow from continuing operations for the twelve months ended December 31, 2012 and 2011 was $28.9 million and $39.9 million, respectively (5). GWI’s free cash flow from continuing operations for the twelve months ended December 31, 2012 included $6.3 million in net cash payments related to the December 2011 Edith River derailment and $9.1 million for the settlement of a cross-currency swap that matured in December 2012.
Conference Call and Webcast Details
As previously announced, GWI's conference call to discuss financial results for the fourth quarter will be held Tuesday, February 12, 2013, at 4:30 p.m. EST. The dial-in number for the teleconference in the U.S. is (877) 209-9922; outside the U.S. is (612) 332-1210, or the call may be accessed live over the Internet (listen only) at www.gwrr.com/investors by selecting "Fourth Quarter Earnings Conference Call Webcast." Management will be referring to a slide presentation that will also be available at www.gwrr.com/investors. The webcast will be archived at www.gwrr.com/investors until the following quarter’s earnings press release. Telephone replay is available for 30 days beginning at 6:30 p.m. EST on February 12 by dialing (800) 475-6701 (or outside the U.S., dial 320-365-3844). The access code is 277581.About GWI GWI owns and operates short line and regional freight railroads in the United States, Australia, Canada, the Netherlands and Belgium. In addition, G&W operates the 1,400-mile Tarcoola to Darwin rail line, which links the Port of Darwin with the Australian interstate rail network in South Australia. Operations currently include 111 railroads organized in 11 regions, with more than 15,000 miles of owned and leased track, 4,500 employees and over 2,000 customers. We provide rail service at 35 ports in North America, Australia and Europe and perform contract coal loading and railcar switching for industrial customers.