Schedule D to Subpart B of Part 1139

[Dollars in thousands]( ) Greyhound Lines, Inc. ( ) Trailways combined ( ) All study carriersLine No. and Item (a)Source (b)Calendar year 19__ (c)Calendar year 19__ (d)Base year actual (e)Part I.—Selected financial dataIncome statement data:1 Total revenuesSch. 2998, L. 92 Total expensesSch. 2998, L. 153 Depreciation expense and amortization of carrier operating propertySch. 2998, L. 11 + L. 124 Lease of carrier property (net)Sch. 2998, L. 17 + L. 185 Net carrier operating incomeSch. 2998, L. 196 Equity in earnings (losses) of associated companysSch. 2998, L. 297 Interest on long-term obligationsSch. 2998, L. 328 Amortization of debt discount and expense and premium on debt (net)Sch. 2998, L. 35 + L. 369 Pretax income (loss)Sch. 2998, L. 4010 Tax on income from continuing operationsSch. 2998, L. 4111 Provision for deferred taxesSch. 2998, L. 4212 Income (loss) from continuing operationsSch. 2998, L. 4313 Total income (loss) from discontinued operationsSch. 2998, L. 4614 Total extraordinary items and accounting changes—(debit) creditSch. 2998, L. 5315 Net income (loss)Sch. 2998, L. 54Balance sheet data:16 Current assetsSch. 100, L. 17, col. (b)17 Current liabilitiesSch. 101, L. 14, col. (b)18 Current assets 1Sch. 100, L. 1719 Current liabilities 1Sch. 101, L. 1420 Long-term debt due within 1 yrSch. 101, L. 15, col. (b)21 Long-term debt due after 1 yrSch. 101, L. 24, col. (b)22 Long-term debt due within 1 yr 1Sch. 101, L. 1523 Long-term debt due after 1 yr 1Sch. 101, L. 2424 Owners' equitySch. 101, L. 38 + L. 41 + L. 44—L. 45, col. (b)25 Owners' equity 1Sch. 101, L. 38 + L. 41 + L. 44—L. 4526 Total intangible property 1Sch. 100, L. 3127 Net carrier operating property (owned plus leased to others) 1Sch. 100, L. 19 + L. 2128 Investment in owned and leased property plus working capitalL. 27 + L. 18—L. 19Miscellaneous and financial ratios:29 Cash dividend appropriationsSch. 2930, L. 1630 Operating ratio (percent)L. 2 ÷ L. 131 Current ratioL. 16 ÷ L. 1732 Dividend payout ratio (percent)L. 29 ÷ L. 1533 Throwoff to debt ratio (percent)(L. 3 + L. 15) ÷ (L. 20 + L. 21)34 Capital structure ratio (percent)(L. 20 + L. 21) ÷ (L. 20 + L. 21 + L. 24)35 Working capitalL. 18—L. 1936 Rate of return on owned and leased operating property plus working capital (percent)L. 5 ÷ L. 2837 Rate of return on owners' equity, less intangibles (percent)L. 15 ÷ (L. 25—L. 26)38 Rate of return on total capitalization (percent)(L. 7 + L. 8 + L. 15) ÷ (L. 22 + L. 23 + L. 25)Part II. Accounts giving effect to interperiod tax allocation (deferred taxes) and impact of investment tax creditBalance sheets accounts:1 Deferred income tax chargesSch. 100, L. 16, col. (b)2 Accumulated deferred income tax chargesSch. 100, L. 44, col. (b)3 Deferred income tax creditsSch. 101, L. 13, col. (b)4 Accumulated deferred income tax creditsSch. 101, L. 27, col. (b)Income statement accounts:5 Provision for deferred taxesSch. 2998, L. 426 Provision for deferred taxes—Extraordinary itemsSch. 2998, L. 507 Impact of investment tax credit on continuing operationsSee explanatory1 Show average of beginning and end-of-year figures. Explanatory—Schedule D (Part I)

Purpose. The purpose of Schedule D (Part I) is to ascertain the financial posture of Greyhound Lines, Inc. and all the study carrier carriers by an analysis of certain key financial data, with a view to determining revenue needs.

Study Carrier Groupings. Schedule D (Part I) shall be prepared on the following two bases:

1. Greyhound Lines, Inc.

2. Trailways Combined (study carriers, only)

3. All Study Carriers

Column (b). The annual report sources in this column refer to the 1976 Annual Report Form MP-1. For years prior or subsequent to 1976, use comparable sources.

Column (c). If the fare/charge increase is filed during the first six months of the calendar year, the data reported in column (c) shall be based on the 3rd calendar year preceding the filing year. For example, if the rate increase is filed on May 15, 1977, column (c) shall report data for calendar year 1974.

If the fare/charge increase is filed during the last six months of the calendar year, the data reported in column (c) shall be based on the 2nd calendar year preceding the filing year. For example, if the rate increase is filed on Nov. 15, 1977, column (c) should report data for calendar year 1975.

Column (d). If the fare/charge increase is filed during the first six months of the calendar year, the data reported in column (d) should be based on the 2nd calendar year preceding the filing year. For example, if the rate increase is filed on May 15, 1977, column (d) should report data for calendar year 1975.

If the rate increase is filed during the last six months of the calendar year, the data reported in column (d) shall be based on the 1st calendar year preceding the filing year. If, for example, the fare/charge increase is filed on November 15, 1977, column (d) should report data for calendar year 1976.

Column (e). Data to be reported in this column for the base year actual shall be based on the 4-quarter calendar year periods identified below:

Filing month of verified statementFour-quarter calendar year period endingJanuarySept. 30, preceding year.February  Do.March  Do.AprilDec. 31, preceding year.May  Do.June  Do.JulyMar. 31, filing-month year.August  Do.September  Do.OctoberJune 30, filing-month year.November  Do.December  Do.

The 4-quarter calendar year periods identified above represent the minimum requirement. However, in event a proposed fare/charge increase is filed at a time when data for a more current quarter than that specified are obtainable, the more current quarter may be used in the base year-actual. For example, if an increase is filed in late March and data for the 4th quarter of the preceding year is obtainable, the base year-actual ending December 31, may be used in lieu of the base year-actual ending September 30.

Explanatory—Schedule D (Part II)

Purpose. Schedule D (Part II) is designed to segregate the impacts of: (1) The Board's deferred tax accounting rule change; and (2) the impact of the investment tax credit on continuing operations.

Study Carrier Groupings. The study carrier groups for Part II shall be the same as those designated for Part I.

Column (b). The annual report sources in this column refer to the 1976 Annual Report Form MP-1. For years prior or subsequent to 1976, use comparable sources.

Columns (c), (d) and (e). The reporting periods for Part II shall correspond to those in Part I.

Investment Tax Credit Impact. This impact is: (1) The amount by which Account 8000, Income Taxes on Income from Continuing Operations, was credited for the investment tax credit if the flow-through accounting method was elected or (2) the amount by which Account 8040, Provision for Deferred Taxes, was credited for the amortization of the investment tax credit if the deferral accounting method was elected.