Kansas City Southern announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenue was $598.5 million against $598.0 million a year ago. Operating income was $210.9 million against $218.9 million a year ago. Income before income taxes was $165.7 million against $186.7 million a year ago. Net income attributable to the company was $129.6 million against $139.3 million a year ago. Net income available to common stockholders was $129.6 million against $139.3 million a year ago. Diluted earnings per share were $1.21 against $1.28 a year ago. Excluding the estimated impact of Mexican peso depreciation, revenues would have increased by 3% compared to the fourth quarter of 2015. Excluding the impacts of foreign exchange fluctuations and 2015 debt retirement and exchange costs, adjusted diluted earnings per share for fourth quarter 2016 was $1.12, compared to $1.23 in fourth quarter 2015. Adjusted income before income taxes was $190.4 million against $198.8 million a year ago. Adjusted net income available to common shareholders was $120.1 million against $133.4 million a year ago.

For the year, the company reported revenue was $2,334.2 million against $2,418.8 million a year ago. Operating income was $818.5 million against $803.8 million a year ago. Income before income taxes was $662.7 million against $672.6 million a year ago. Net income attributable to the company was $478.1 million against $483.5 million a year ago. Net income available to common stockholders was $477.9 million against $483.3 million a year ago. Diluted earnings per share were $4.43 against $4.40 a year ago. Excluding the impacts of foreign exchange fluctuations and 2015 lease termination and debt retirement and exchange costs, adjusted diluted earnings per share for 2016 was $4.48 compared to $4.49 in 2015. Adjusted income before income taxes was $734.7 million against $746.4 million a year ago. Adjusted net income available to common shareholders was $483.3 million against $494.0 million a year ago. Capital expenditures were $584 million.

For 2017, The company expects a slight decline in capital to the $550 million to $560 million range, despite continuing to incur peak spend levels for the Sasol Lake Charles development and PTC, which combined, will be about $115 million next year.