Amtrak 2015 Annual Report Download - page 18

Download and view the complete annual report

Please find page 18 of the 2015 Amtrak annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 61

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61

National Railroad Passenger Corporation and Subsidiaries (Amtrak)
Notes to Consolidated Financial Statements (continued)
3. Basis of Presentation and Summary of Significant Accounting Policies (continued)
16
Year Ended September 30,
2015 2014
Ticket $ 2,123.8 $ 2,147.2
State contribution 222.8 235.2
Food and beverage 132.1 125.8
Total passenger related revenue $ 2,478.7 $ 2,508.2
These revenues are recognized as operating revenues when the related services are provided. Amounts
received for tickets that have been sold but not used are reflected as “Deferred ticket revenue” in the
Consolidated Balance Sheets.
“Commuter” revenue includes the revenues earned under contractual arrangements to operate various
commuter rail services for a cost-based fee. These revenues are recognized when the related services are
provided.
“Other” revenue, for FY2015 and FY2014, includes (i) revenue from reimbursable engineering and capital
improvement activities (these revenues are generally recognized when the associated costs are incurred);
(ii) other transportation revenue from use of Amtrak-owned tracks and other services (these revenues are
generally recognized when the related services are provided); (iii) commercial development revenue from
retail, parking, advertising, real property leases/easements/sales, and access fees (these revenues are generally
recognized as the services are provided); (iv) amortization of state funds used to acquire depreciable assets
(such payments are deferred when received and amortized over the estimated life of the related assets
purchased with the funds, and the unamortized amounts are included in “Deferred state capital payments”
in the Consolidated Balance Sheets); and (v) freight access fee revenue from the use of Amtrak-owned tracks
by freight railroad companies and other gains.
The components of other revenue are as follows (in millions):
Year Ended September 30,
2015 2014
Reimbursable $ 269.9 $ 277.9
Other transportation 146.6 145.0
Commercial development 79.9 77.9
Amortization of state capital payments 53.8 47.5
Freight access fees and other 59.4 60.1
Total other revenue $ 609.6 $ 608.4
Advertising Expenses
The Company records advertising expenses as incurred and reports these amounts in “Advertising and sales”
in the Consolidated Statements of Operations. Advertising expenses were $37.2 million and $36.8 million
for FY2015 and FY2014, respectively.