VIA EDGAR | ||
December 27, 2017 | ||
Melissa Raminpour |
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Branch Chief |
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Office of Transportation and Leisure |
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Securities and Exchange Commission 100 F Street, N.E. |
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Washington, D.C. 20549 |
RE: | Genesee & Wyoming Inc. |
Form 10-K for the Year Ended December 31, 2016
Filed March 1, 2017
Form 8-K furnished October 31, 2017
File No. 001-31456
Dear Ms. Raminpour:
This letter is in response to your correspondence dated December 18, 2017 concerning the filings listed above for Genesee & Wyoming Inc. (the Company). For the convenience of the staff (the Staff) of the Securities and Exchange Commission (the Commission), we set forth your comment below in bold and our response thereto.
Form 8-K Furnished October 31, 2017
Exhibit 99.1
1. | We note your disclosure of free cash flow before new business investments and free cash flow and free cash flow attributable to G&W. Given that free cash flow is typically calculated as cash from operating activities as presented in the statement of cash flows under GAAP, less capital expenditures, please revise the title of these measures to something similar to Adjusted Free Cash Flow to alert your investors that it has been adjusted from the measure typically referred to as Free Cash Flow. Refer to Question 102.07 of the Compliance and Disclosure Interpretations on Non-GAAP measures issued on May 17, 2016. |
We understand the Staffs comment. To the extent similar measures are used in future filings, the Company will revise the title of these measures to reflect the Staffs recommendation.
* * * * *
We hope that the foregoing has been responsive to the Staffs comment. Should you have any questions relating to any of the foregoing, please feel free to contact the undersigned at (203) 202-8904.
/s/ Timothy J. Gallagher |
Timothy J. Gallagher Chief Financial Officer |
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