UNP FY 2008 Earnings Report — Union Pacific Corporation Revenue & Financial Results | Market Cap Arena

Union Pacific CorporationUNP

FY 2008 Earnings

Reported February 6, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$18.0B	—	$16.3B	—	10.4%
Op. Income	$4.1B	—	$3.4B	—	20.7%
Gross Margin	59.9%	—	59.0%	—	0.9pp
Net Margin	13.0%	—	11.4%	—	1.6pp
EPS (Diluted)	$2.27	—	$1.73	—	31.2%
Free Cash Flow	$902M	—	$160M	—	463.8%

Revenue Flow

Item	Amount
REVENUE	$18.0B
Cost of Revenue	$7.2B
GROSS PROFIT	$10.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$5.8B
SG&A Expenses	$5.8B
Other Expenses	$87M
Operating Expenses	$12.6B
Cost & Expenses	$12.6B
OPERATING INCOME	$4.1B
Interest Income	$21M
Interest Expense	$511M
Other Income/Expenses	-$419M
INCOME BEFORE TAX	$3.7B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$0
Other Adjustments	-$3M
NET INCOME	$2.3B
Net Income Deductions	-$3M
BOTTOM LINE NET INCOME	$2.3B
D&A	$1.4B
EBIT	$4.2B
EBITDA	$5.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$18.0B
Cost of Revenue	$7.2B
GROSS PROFIT	$10.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$5.8B
SG&A Expenses	$5.8B
Other Expenses	$87M
Operating Expenses	$12.6B
Cost & Expenses	$12.6B
OPERATING INCOME	$4.1B
Interest Income	$21M
Interest Expense	$511M
Other Income/Expenses	-$419M
INCOME BEFORE TAX	$3.7B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$0
Other Adjustments	-$3M
NET INCOME	$2.3B
Net Income Deductions	-$3M
BOTTOM LINE NET INCOME	$2.3B
D&A	$1.4B
EBIT	$4.2B
EBITDA	$5.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.3B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$65M
Deferred Income Tax	$547M
Other Non-Cash Items	-$17M
Change in Working Capital	-$250M
OPERATING CASH FLOW	$4.1B
Capital Expenditure	-$3.2B
Acquisitions (Net)	$0
Purchases of Investments	-$2.8B
Sales/Maturities of Investments	$0
Other Investing Activities	$3.2B
NET CASH FROM INVESTING	-$2.8B
Net Debt Issuance	$1.0B
Common Stock Repurchased	-$1.6B
Common Dividends Paid	-$481M
Other Financing Activities	$106M
NET CASH FROM FINANCING	-$935M
FREE CASH FLOW	$902M
Net Change in Cash	$371M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$0
Net Receivables	$594M
Inventory	$450M
Other Current Assets	$520M
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$35.7B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$974M
Tax Assets	$0
Other Non-Current Assets	$234M
TOTAL NON-CURRENT ASSETS	$36.9B
TOTAL ASSETS	$39.7B
Account Payables	$629M
Short-Term Debt	$320M
Deferred Revenue	$0
Other Current Liabilities	$546M
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$8.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$10.3B
Other Non-Current Liabilities	$2.5B
TOTAL NON-CURRENT LIABILITIES	$21.4B
TOTAL LIABILITIES	$24.3B
Common Stock	$1.4B
Additional Paid-In Capital	$3.9B
Retained Earnings	$13.8B
Treasury Stock	-$3.0B
Accum. Other Comp. Income	-$704M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.4B
Minority Interest	$0
TOTAL EQUITY	$15.4B
TOTAL LIABILITIES & EQUITY	$39.7B
Total Debt	$8.9B
Net Debt	$7.7B