Kansas City Southern announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported revenues of $598.0 million compared to $642.5 million a year ago. Operating income was $218.9 million compared to $213.9 million a year ago. Income before income taxes was $186.7 million compared to $170.2 million a year ago. Net income was $140.0 million compared to $141.7 million a year ago. Net income available to common stockholders was $139.3 million or $1.28 per basic and diluted share compared to $141.0 million or $1.28 per basic and diluted share a year ago. Adjusted income before income taxes was $198.8 million compared to $201.6 million a year ago. Adjusted net income was $134.1 million compared to $140.8 million a year ago.

For the year, the company reported revenues of $2,418.8 million compared to $2,577.1 million a year ago. Operating income was $803.8 million compared to $809.1 million a year ago. Income before income taxes was $672.6 million compared to $713.1 million a year ago. Net income was $485.3 million compared to $504.3 million a year ago. Net income available to common stockholders was $483.3 million or $4.40 per diluted share compared to $502.4 million or $4.55 per diluted share a year ago. Adjusted income before income taxes was $746.4 million compared to $793.5 million a year ago. Adjusted net income was $496.0 million compared to $534.7 million a year ago. Adjusted operating income was $813.4 million compared to $847.4 million a year ago. For 2015, the company incurred $649 million in capital spending.

Capital spending for 2016 is projected at $580 million to $590 million, which represents a 10% reduction from 2015.