Quarterly Financial Data

12 Months Ended

Dec. 31, 2013

QUARTERLY FINANCIAL DATA (unaudited): [Abstract]

Quarterly Financial Information [Text Block]

QUARTERLY FINANCIAL DATA (unaudited):

The following table sets forth the Company's quarterly results for the years ended December 31, 2013 and 2012 (dollars in thousands, except per share data):

	First Quarter		Second Quarter		Third Quarter			Fourth Quarter
2013
Operating revenues	$	375,208	$	400,741	$	401,388		$	391,674
Income from operations	$	76,200	$	107,417	$	101,741		$	94,830
Net income	$	82,728	$	65,050	$	66,225		$	58,088
Diluted earnings per common share attributable to Genesee & Wyoming Inc. common stockholders	$	1.46	$	1.14	$	1.16		$	1.03
2012
Operating revenues	$	207,436	$	217,419	$	222,745		$	227,316
Income from operations	$	41,314	$	62,473	$	52,875		$	33,660
Net income/(loss)	$	22,241	$	36,363	$	(19,567	)	$	13,396
Diluted earnings/(loss) per common share attributable to Genesee & Wyoming Inc. common stockholders	$	0.52	$	0.84	$	(0.47	)	$	0.18

The quarters shown were affected by the items below:

The first quarter of 2013 included (i) $41.0 million after-tax benefit, related to the retroactive extension of the United States Short Line Tax Credit for fiscal year 2012, (ii) $1.3 million after-tax gain on sale of assets, (iii) $8.0 million after-tax RailAmerica integration costs and (iv) $0.5 million after-tax business development and financing costs.

The second quarter of 2013 included (i) $0.7 million after-tax gain on sale of assets, (ii) $0.7 million after-tax RailAmerica integration and acquisition-related costs and (iii) $0.2 million after-tax business development costs.

The third quarter of 2013 included (i) $0.5 million after-tax gain on sale of assets, (ii) $1.3 million after-tax RailAmerica integration and acquisition-related costs and (iii) $1.3 million after-tax adjustment to depreciation and amortization expense as a result of finalizing the determination of fair values of the assets and liabilities acquired from RailAmerica.

The fourth quarter of 2013 included (i) $0.8 million after-tax gain on sale of assets, (ii) $2.0 million after-tax valuation allowance on foreign tax credits generated in prior years, (iii) $0.7 million after-tax business development and financing costs and (iv) $0.6 million after-tax RailAmerica integration and acquisition-related costs.

The first quarter of 2012 included (i) $0.8 million after-tax gain on sale of assets and (ii) $0.2 million after-tax business development costs.

The second quarter of 2012 included (i) $5.2 million after-tax gain on sale of assets, (ii) $0.5 million after-tax RailAmerica acquisition-related costs and (iii) $0.4 million after-tax business development costs.

The third quarter of 2012 included (i) $2.0 million after-tax gain on sale of assets, (ii) $50.1 million after-tax non-cash contingent forward sale contract mark-to-market expense, (iii) $3.1 million after-tax RailAmerica acquisition-related costs and (iv) $0.4 million after-tax business development costs.

The fourth quarter of 2012 included (i) $0.6 million after-tax gain on sale of assets, (ii) $17.7 million after-tax RailAmerica integration and acquisition-related costs, (iii) $9.8 million after-tax business development and financing costs, (iv) $3.5 million of acquisition and integration costs incurred by RailAmerica and (v) $0.8 million after-tax contract termination expense in Australia.