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30 | Amtrak Annual Report 2013
audited financial statements contained in this Annual Report to our lenders and lessors, we satisfied
all of our financial reporting covenant obligations.
Overview of Contractual Obligations and Capital Expenditures
Contractual Obligations
We have historically funded debt service payments on our indebtedness and capital leases from
federal capital appropriations. If capital funds are insufficient to cover our debt service payments,
we would expect to use cash from operating revenues to cover such payments.
The following table outlines our material obligations under long-term debt and capital and
operating lease obligations as of the end of FY 2013 (in millions):
Payments Due by Period
More
Less Than Than
Total 1 year 1-3 Years 3-5 Years 5 years
Long-term debt (a) $ 685.2 $ 40.1 $ 90.1 $ 105.1 $ 449.9
Equipment and facility
capital lease
obligations (b) 816.6 137.1 197.7 208.1 273.7
Operating rights and
leases (b) 94.9 16.2 26.4 19.9 32.4
Total $ 1,596.7 $ 193.4 $ 314.2 $ 333.1 $ 756.0
(a) As described in Note 7 to the Consolidated Financial Statements.
(b) As described in Note 8 to the Consolidated Financial Statements.
In the normal course of business, we enter into long-term contractual commitments for future
services needed for the operations of our business. Such commitments are not in excess of expected
requirements and are not reasonably likely to result in performance penalties or payments that
would have a material adverse effect on our liquidity. Such commitments are not included in the
above table.
Please refer to Notes 7 and 8 to the Consolidated Financial Statements included in this Annual
Report for detailed information regarding our indebtedness.
Under PRIIA, we are required to submit a five-year financial plan for operating and capital
expenditures within 60 days of the enactment of the fiscal year appropriation. Congress enacted the
Consolidated and Further Continuing Appropriations Act 2015, signed by the President of the
United States on December 16, 2014. Therefore, the next five-year plan for fiscal years 2015 through
2019 will be submitted on or before February 14, 2015. We will receive $1.4 billion for operating and
capital expenses in our fiscal year ending September 30, 2015.
Off Balance Sheet Arrangements
Off balance sheet arrangements consist of obligations related to operating leases, which are included
in the table of contractual obligations above and disclosed in Note 8 to the Consolidated Financial
Statements.