Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Statements of Comprehensive Income



	2014
	Parent			KCSR			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated KCS
Revenues	$	—		$	1,215.8		$	48.7	$	1,353.7		$	(41.1	)	$	2,577.1
Operating expenses	7.6			881.6			41.8		879.1			(42.1		)	1,768.0
Operating income (loss)	(7.6		)	334.2			6.9		474.6			1.0			809.1
Equity in net earnings (losses) of unconsolidated affiliates	476.7			(0.1		)	5.5		18.9			(479.9		)	21.1
Interest expense	(0.1		)	(83.3		)	—		(39.6		)	50.2			(72.8		)
Debt retirement costs	—			(2.7		)	—		(3.9		)	—			(6.6		)
Foreign exchange loss	—			—			—		(35.5		)	—			(35.5		)
Other income (expense), net	50.1			0.2			—		(1.2		)	(51.3		)	(2.2		)
Income before income taxes	519.1			248.3			12.4		413.3			(480.0		)	713.1
Income tax expense	16.5			94.7			4.4		93.2			—			208.8
Net income	502.6			153.6			8.0		320.1			(480.0		)	504.3
Less: Net income attributable to noncontrolling interest	—			—			1.7		—			—			1.7
Net income attributable to Kansas City Southern and subsidiaries	502.6			153.6			6.3		320.1			(480.0		)	502.6
Other comprehensive income (loss)	(1.2		)	0.1			—		(1.8		)	1.7			(1.2		)
Comprehensive income attributable to Kansas City Southern and subsidiaries	$	501.4		$	153.7		$	6.3	$	318.3		$	(478.3	)	$	501.4

Condensed Consolidating Statements of Comprehensive Income—(Continued)



	2013
	Parent			KCSR			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated KCS
Revenues	$	—		$	1,115.0		$	42.6		$	1,251.9		$	(40.2	)	$	2,369.3
Operating expenses	4.8			829.6			39.0			800.1			(42.8		)	1,630.7
Operating income (loss)	(4.8		)	285.4			3.6			451.8			2.6			738.6
Equity in net earnings of unconsolidated affiliates	318.3			1.1			6.3			15.7			(322.6		)	18.8
Interest expense	(0.1		)	(68.5		)	0.1			(59.3		)	47.2			(80.6		)
Debt retirement costs	—			(1.5		)	—			(117.7		)	—			(119.2		)
Foreign exchange loss	—			(1.3		)	—			(3.9		)	—			(5.2		)
Other income (expense), net	44.6			5.1			(0.1		)	(0.6		)	(49.8		)	(0.8		)
Income before income taxes	358.0			220.3			9.9			286.0			(322.6		)	551.6
Income tax expense	17.6			81.2			2.9			96.6			—			198.3
Net income	340.4			139.1			7.0			189.4			(322.6		)	353.3
Less: Net income attributable to noncontrolling interest	—			—			1.9			—			—			1.9
Net income attributable to Kansas City Southern and subsidiaries	340.4			139.1			5.1			189.4			(322.6		)	351.4
Other comprehensive income (loss)	0.4			0.5			—			(0.1		)	(0.4		)	0.4
Comprehensive income attributable to Kansas City Southern and subsidiaries	$	340.8		$	139.6		$	5.1		$	189.3		$	(323.0	)	$	351.8

Condensed Consolidating Statements of Comprehensive Income—(Continued)



	2012
	Parent			KCSR			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated KCS
Revenues	$	—		$	1,079.7		$	29.9		$	1,164.7		$	(35.7	)	$	2,238.6
Operating expenses	4.2			805.0			34.0			717.7			(38.2		)	1,522.7
Operating income (loss)	(4.2		)	274.7			(4.1		)	447.0			2.5			715.9
Equity in net earnings of unconsolidated affiliates	218.9			2.6			6.6			15.5			(224.3		)	19.3
Interest expense	(0.1		)	(65.0		)	—			(88.2		)	52.9			(100.4		)
Debt retirement costs	—			(19.6		)	—			(0.5		)	—			(20.1		)
Foreign exchange gain	—			—			—			2.7			—			2.7
Other income (expense), net	46.5			11.7			—			(128.5		)	69.3			(1.0		)
Income before income taxes	261.1			204.4			2.5			248.0			(99.6		)	616.4
Income tax expense (benefit)	8.4			74.4			(0.2		)	154.4			—			237.0
Net income	252.7			130.0			2.7			93.6			(99.6		)	379.4
Less: Net income attributable to noncontrolling interest	—			—			2.1			—			—			2.1
Net income attributable to Kansas City Southern and subsidiaries	252.7			130.0			0.6			93.6			(99.6		)	377.3
Other comprehensive income (loss)	(0.2		)	(0.6		)	—			0.9			(0.3		)	(0.2		)
Comprehensive income attributable to Kansas City Southern and subsidiaries	$	252.5		$	129.4		$	0.6		$	94.5		$	(99.9	)	$	377.1

Condensed Consolidating Balance Sheets



	December 31, 2014
	Parent			KCSR			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated KCS
Assets:
Current assets	$	2.7		$	281.7		$	6.0	$	562.5	$	(34.6	)	$	818.3
Investments	—			3.9			—		32.5		—			36.4
Investments in consolidated subsidiaries	2,616.0			(4.3		)	471.3		—		(3,083.0		)	—
Property and equipment (including concession assets), net	—			3,385.5			193.3		3,575.9		—			7,154.7
Other assets	1.6			45.2			—		34.8		—			81.6
Total assets	$	2,620.3		$	3,712.0		$	670.6	$	4,205.7	$	(3,117.6	)	$	8,091.0
Liabilities and equity:
Current liabilities	$	(1,156.0	)	$	1,484.7		$	115.6	$	489.1	$	(34.6	)	$	898.8
Long-term debt	0.2			701.0			0.2		1,139.6		—			1,841.0
Deferred income taxes	7.3			835.8			132.0		181.2		—			1,156.3
Other liabilities	3.7			94.4			0.7		32.0		—			130.8
Stockholders’ equity	3,765.1			596.1			113.5		2,363.8		(3,083.0		)	3,755.5
Noncontrolling interest	—			—			308.6		—		—			308.6
Total liabilities and equity	$	2,620.3		$	3,712.0		$	670.6	$	4,205.7	$	(3,117.6	)	$	8,091.0

Condensed Consolidating Balance Sheets—(Continued)



	December 31, 2013
	Parent			KCSR			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated KCS
Assets:
Current assets	$	2.6		$	403.0		$	8.8	$	560.1	$	(32.1	)	$	942.4
Investments	—			9.6			—		31.5		—			41.1
Investments in consolidated subsidiaries	2,154.6			(2.1		)	461.8		—		(2,614.3		)	—
Property and equipment (including concession assets), net	0.1			2,780.4			198.6		3,377.2		—			6,356.3
Other assets	1.5			50.9			—		43.2		—			95.6
Total assets	$	2,158.8		$	3,241.8		$	669.2	$	4,012.0	$	(2,646.4	)	$	7,435.4
Liabilities and equity:
Current liabilities	$	(1,216.5	)	$	1,580.6		$	130.7	$	267.9	$	(32.1	)	$	730.6
Long-term debt	0.2			704.3			0.2		1,152.2		—			1,856.9
Deferred income taxes	(11.7		)	719.8			127.6		208.9		—			1,044.6
Other liabilities	6.6			92.0			0.7		27.5		(0.1		)	126.7
Stockholders’ equity	3,380.2			145.1			104.0		2,355.5		(2,614.2		)	3,370.6
Noncontrolling interest	—			—			306.0		—		—			306.0
Total liabilities and equity	$	2,158.8		$	3,241.8		$	669.2	$	4,012.0	$	(2,646.4	)	$	7,435.4

Condensed Consolidating Statements of Cash Flows



	2014
	Parent			KCSR			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated KCS
Operating activities:
Net cash provided	$	415.7		$	306.6		$	2.1		$	495.9		$	(314.3	)	$	906.0
Investing activities:
Capital expenditures	—			(477.8		)	(1.7		)	(190.2		)	1.5			(668.2		)
Purchase or replacement of equipment under operating leases	—			(203.6		)	—			(98.5		)	—			(302.1		)
Property investments in MSLLC	—			—			—			(26.7		)	—			(26.7		)
Contribution to consolidated affiliates	(299.6		)	—			—			—			299.6			—
Other investing activities	(1.0		)	9.7			(1.1		)	5.8			0.7			14.1
Net cash used	(300.6		)	(671.7		)	(2.8		)	(309.6		)	301.8			(982.9		)
Financing activities:
Proceeds from short-term borrowings	—			15,068.8			—			300.0			—			15,368.8
Repayment of short-term borrowings	—			(14,920.2		)	—			—			—			(14,920.2		)
Proceeds from issuance of long-term debt	—			175.0			—			—			—			175.0
Repayment of long-term debt	—			(423.5		)	(0.1		)	(84.4		)	—			(508.0		)
Dividends paid	(116.6		)	—			—			(314.3		)	314.3			(116.6		)
Contribution from affiliates	—			299.3			1.1			1.4			(301.8		)	—
Other financing activities	1.3			(1.4		)	—			(3.5		)	—			(3.6		)
Net cash provided (used)	(115.3		)	198.0			1.0			(100.8		)	12.5			(4.6		)
Cash and cash equivalents:
Net increase (decrease)	(0.2		)	(167.1		)	0.3			85.5			—			(81.5		)
At beginning of year	0.4			196.1			0.2			232.8			—			429.5
At end of year	$	0.2		$	29.0		$	0.5		$	318.3		$	—		$	348.0

Condensed Consolidating Statements of Cash Flows—(Continued)



	2013
	Parent			KCSR			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated KCS
Operating activities:
Net cash provided	$	70.7		$	272.2		$	2.6		$	463.8		$	(11.0	)	$	798.3
Investing activities:
Capital expenditures	—			(417.4		)	(2.0		)	(175.8		)	0.4			(594.8		)
Purchase or replacement of equipment under operating leases	—			(130.9		)	—			(80.9		)	—			(211.8		)
Property investments in MSLLC	—			—			—			(31.6		)	—			(31.6		)
Proceeds from repayment of loans to affiliates	—			181.4			—			—			(181.4		)	—
Loans to affiliates	—			(69.5		)	—			—			69.5			—
Other investing activities	(4.9		)	(5.1		)	(1.1		)	10.8			5.2			4.9
Net cash used	(4.9		)	(441.5		)	(3.1		)	(277.5		)	(106.3		)	(833.3		)
Financing activities:
Proceeds from issuance of long-term debt	—			687.6			—			1,230.8			—			1,918.4
Repayment of long-term debt	—			(344.3		)	(0.1		)	(998.8		)	—			(1,343.2		)
Debt costs	—			(7.5		)	—			(110.3		)	—			(117.8		)
Dividends paid	(71.2		)	—			—			(11.0		)	11.0			(71.2		)
Proceeds from loans from affiliates	—			—			—			69.5			(69.5		)	—
Repayment of loans from affiliates	—			—			—			(181.4		)	181.4			—
Other financing activities	5.7			—			0.7			4.9			(5.6		)	5.7
Net cash provided (used)	(65.5		)	335.8			0.6			3.7			117.3			391.9
Cash and cash equivalents:
Net increase	0.3			166.5			0.1			190.0			—			356.9
At beginning of year	0.1			29.6			0.1			42.8			—			72.6
At end of year	$	0.4		$	196.1		$	0.2		$	232.8		$	—		$	429.5

Condensed Consolidating Statements of Cash Flows—(Continued)



	2012
	Parent			KCSR			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated KCS
Operating activities:
Net cash provided	$	53.3		$	236.4		$	2.3		$	389.2		$	(8.0	)	$	673.2
Investing activities:
Capital expenditures	—			(281.2		)	(2.1		)	(233.8		)	—			(517.1		)
Purchase or replacement of equipment under operating leases	—			(19.7		)	—			(3.2		)	—			(22.9		)
Property investments in MSLLC	—			—			—			(35.2		)	—			(35.2		)
Proceeds from repayment of loans to affiliates	—			87.2			—			—			(87.2		)	—
Other investing activities	(0.5		)	5.8			(0.5		)	17.5			1.0			23.3
Net cash used	(0.5		)	(207.9		)	(2.6		)	(254.7		)	(86.2		)	(551.9		)
Financing activities:
Proceeds from issuance of long-term debt	—			329.6			—			—			—			329.6
Repayment of long-term debt	—			(356.2		)	(0.1		)	(19.6		)	—			(375.9		)
Debt costs	—			(21.3		)	—			(0.8		)	—			(22.1		)
Dividends paid	(86.1		)	—			—			(8.0		)	8.0			(86.1		)
Repayment of loans from affiliates	—			—			—			(87.2		)	87.2			—
Other financing activities	33.4			—			0.5			0.5			(1.0		)	33.4
Net cash provided (used)	(52.7		)	(47.9		)	0.4			(115.1		)	94.2			(121.1		)
Cash and cash equivalents:
Net increase (decrease)	0.1			(19.4		)	0.1			19.4			—			0.2
At beginning of year	—			49.0			—			23.4			—			72.4
At end of year	$	0.1		$	29.6		$	0.1		$	42.8		$	—		$	72.6