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Connecting North America for Prosperity and Security

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Connecting North America for Prosperity and Security 20 Annual 17 Report CONNECTING NORTH AMERICA FOR PROSPERITY AND SECURITY KANSAS CITY SOUTHERN Kansas City Southern is a transportation holding company with two primary subsidiaries. The Kansas City Southern Railway Company is one of seven Class I railroads operating in the United States. Kansas City Southern de México, S.A. de C.V. is one of two large regional railroads in Mexico. KCS also owns 50% of the Panama Canal Railway Company in Panama. The combined North American rail network comprises approximately 6,700 route miles that link commercial and industrial markets in the United States and Mexico. 2017202 02017202 0 17 7FINANCIAL FINANCIALF INN ANA N CCIALA HIGHLIGHTSL HHIGHLIGHTSIGG HLH L IGG H TST In millions, except share and per share amounts. Years ended December 31. 2017 2016 2015 2014 OPERATIONS Revenues $ 2,582.9 $ 2,334.2 $ 2,418.8 $ 2,577.1 Operating income 921.6 818.5 803.8 809.1 Net income attributable to Kansas City Southern and subsidiaries 962.0 478.1 483.5 502.6 PER COMMON SHARE Earnings per diluted share $ 9.16 $ 4.43 $ 4.40 $ 4.55 CLOSING STOCK PRICE RANGES Common - High $ 113.44 $ 99.47 $ 120.42 $ 125.88 Common - Low 80.82 64.35 70.01 91.12 4% Non-Cumulative Preferred - High 29.50 28.99 28.85 29.00 4% Non-Cumulative Preferred - Low 26.75 25.40 25.25 24.15 FINANCIAL CONDITION Total assets $ 9,198.7 $ 8,817.5 $ 8,341.0 $ 7,976.4 Total debt, including short-term borrowings 2,619.4 2,478.2 2,401.1 2,301.4 Total stockholders’ equity 4,548.9 4,089.9 3,914.3 3,755.5 Total equity 4,865.4 4,404.5 4,224.7 4,064.1 COMMON STOCKHOLDER INFORMATION AT YEAR END Stockholders of record 2,141 2,233 2,289 2,512 Shares outstanding (in thousands) 103,037 106,607 108,461 110,392 Average diluted shares outstanding (in thousands) 105,040 107,761 109,915 110,433 LETTER TO OUR By almost any standard, 2017 was one of the best years in STOCKHOLDERS Kansas City Southern’s (“KCS”or“the Company”) 130-year history. Despite challenging conditions, our company’s resilience, focus and discipline resulted in record-setting financial performance in a number of key measures: • Revenues of $2.6 billion, up 11% over 2016, on strength from all business units; • Operating ratio of 64.3%, an improvement of 60 basis points from 2016; • Adjusted earnings per share* of $5.25, up 17% over 2016 (excluding impacts of changes in the U.S. tax law and foreign exchange fluctuations); and • Record free cash flow, resulting from strong top line growth, a focus on cost control and disciplined capital Patrick J. 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Employer incorporation or organization) Identification No.) 427 West 12th Street, Kansas City, Missouri 64105 (Address of principal executive offices) (Zip Code) 816.983.1303 (Registrant’s telephone number, including area code) None (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Preferred Stock, Par Value $25 Per Share, 4%, Noncumulative New York Stock Exchange Common Stock, $.01 Per Share Par Value New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes No Indicate by check mark if disclosure
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