UNP Q1 2018 Earnings Report — Union Pacific Corporation Revenue & Financial Results | Market Cap Arena

Union Pacific CorporationUNP

Q1 2018 Earnings

Reported April 26, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2018	Q4 2017	Q1 2017	QoQ Change	YoY Change
Revenue	$5.5B	$5.5B	$5.1B	0.5%	6.7%
Op. Income	$1.9B	$2.3B	$1.8B	-13.9%	8.1%
Gross Margin	40.3%	45.7%	40.0%	-5.4pp	0.3pp
Net Margin	23.9%	133.5%	20.9%	-109.6pp	3.0pp
EPS (Diluted)	$1.68	$9.25	$1.32	-81.8%	27.3%
Free Cash Flow	$991M	$973M	$1.1B	1.8%	-7.6%

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$3.3B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$266M
Operating Expenses	$266M
Cost & Expenses	$3.5B
OPERATING INCOME	$1.9B
Interest Income	$4M
Interest Expense	$186M
Other Income/Expenses	-$228M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$401M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$543M
EBIT	$1.9B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$3.3B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$266M
Operating Expenses	$266M
Cost & Expenses	$3.5B
OPERATING INCOME	$1.9B
Interest Income	$4M
Interest Expense	$186M
Other Income/Expenses	-$228M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$401M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$543M
EBIT	$1.9B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$543M
Stock-Based Compensation	$25M
Deferred Income Tax	$112M
Other Non-Cash Items	-$64M
Change in Working Capital	-$403M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$910M
Acquisitions (Net)	$910M
Purchases of Investments	-$60M
Sales/Maturities of Investments	$60M
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$919M
Net Debt Issuance	$549M
Common Stock Repurchased	-$1.2B
Common Dividends Paid	-$568M
Other Financing Activities	-$24M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$991M
Net Change in Cash	-$227M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$90M
Net Receivables	$1.6B
Inventory	$808M
Other Current Assets	$380M
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$51.1B
Goodwill	$0
Intangible Assets	$637M
Long-Term Investments	$1.8B
Tax Assets	$0
Other Non-Current Assets	$386M
TOTAL NON-CURRENT ASSETS	$53.9B
TOTAL ASSETS	$57.8B
Account Payables	$768M
Short-Term Debt	$1.9B
Deferred Revenue	$0
Other Current Liabilities	$591M
TOTAL CURRENT LIABILITIES	$4.7B
Long-Term Debt	$15.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11.1B
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$28.7B
TOTAL LIABILITIES	$33.4B
Common Stock	$2.8B
Additional Paid-In Capital	$4.5B
Retained Earnings	$42.4B
Treasury Stock	-$23.8B
Accum. Other Comp. Income	-$1.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$24.4B
Minority Interest	$0
TOTAL EQUITY	$24.4B
TOTAL LIABILITIES & EQUITY	$57.8B
Total Debt	$17.6B
Net Debt	$16.5B