UNP Q1 2019 Earnings Report — Union Pacific Corporation Revenue & Financial Results | Market Cap Arena

Union Pacific CorporationUNP

Q1 2019 Earnings

Reported April 18, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$5.4B	$5.8B	$5.5B	-6.5%	-1.7%
Op. Income	$2.0B	$2.2B	$1.9B	-11.3%	1.1%
Gross Margin	42.1%	42.2%	40.3%	-0.2pp	1.8pp
Net Margin	25.8%	27.0%	23.9%	-1.2pp	1.9pp
EPS (Diluted)	$1.93	$2.12	$1.68	-9.0%	14.9%
Free Cash Flow	$1.2B	$1.3B	$991M	-7.4%	21.8%

Revenue Flow

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$305M
Operating Expenses	$305M
Cost & Expenses	$3.4B
OPERATING INCOME	$2.0B
Interest Income	$9M
Interest Expense	$247M
Other Income/Expenses	-$170M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$399M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$549M
EBIT	$2.0B
EBITDA	$2.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$305M
Operating Expenses	$305M
Cost & Expenses	$3.4B
OPERATING INCOME	$2.0B
Interest Income	$9M
Interest Expense	$247M
Other Income/Expenses	-$170M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$399M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$549M
EBIT	$2.0B
EBITDA	$2.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$549M
Stock-Based Compensation	$27M
Deferred Income Tax	$103M
Other Non-Cash Items	-$80M
Change in Working Capital	-$31M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$752M
Acquisitions (Net)	$0
Purchases of Investments	-$90M
Sales/Maturities of Investments	$90M
Other Investing Activities	-$32M
NET CASH FROM INVESTING	-$784M
Net Debt Issuance	$2.7B
Common Stock Repurchased	-$3.5B
Common Dividends Paid	-$626M
Other Financing Activities	-$23M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$1.2B
Net Change in Cash	-$230M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$60M
Net Receivables	$1.7B
Inventory	$780M
Other Current Assets	$382M
TOTAL CURRENT ASSETS	$4.0B
PP&E (Net)	$54.4B
Goodwill	$0
Intangible Assets	$625M
Long-Term Investments	$2.0B
Tax Assets	$0
Other Non-Current Assets	$413M
TOTAL NON-CURRENT ASSETS	$57.4B
TOTAL ASSETS	$61.3B
Account Payables	$794M
Short-Term Debt	$2.1B
Deferred Revenue	$0
Other Current Liabilities	$509M
TOTAL CURRENT LIABILITIES	$5.3B
Long-Term Debt	$23.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11.4B
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$38.3B
TOTAL LIABILITIES	$43.6B
Common Stock	$2.8B
Additional Paid-In Capital	$3.9B
Retained Earnings	$46.0B
Treasury Stock	-$33.6B
Accum. Other Comp. Income	-$1.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$17.7B
Minority Interest	$0
TOTAL EQUITY	$17.7B
TOTAL LIABILITIES & EQUITY	$61.3B
Total Debt	$27.2B
Net Debt	$26.1B