UNP Q2 2021 Earnings Report — Union Pacific Corporation Revenue & Financial Results | Market Cap Arena

Union Pacific CorporationUNP

Q2 2021 Earnings

Reported July 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$5.5B	$5.0B	$4.2B	10.1%	29.7%
Op. Income	$2.5B	$2.0B	$1.7B	24.1%	49.5%
Gross Margin	50.1%	46.3%	44.5%	3.8pp	5.6pp
Net Margin	32.7%	26.8%	26.7%	5.9pp	6.0pp
EPS (Diluted)	$2.72	$2.00	$1.67	36.0%	62.9%
Free Cash Flow	$1.6B	$1.4B	$1.4B	13.0%	11.2%

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$284M
Other Expenses	$0
Operating Expenses	$284M
Cost & Expenses	$3.0B
OPERATING INCOME	$2.5B
Interest Income	$0
Interest Expense	$282M
Other Income/Expenses	-$157M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$518M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$550M
EBIT	$2.5B
EBITDA	$3.0B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$284M
Other Expenses	$0
Operating Expenses	$284M
Cost & Expenses	$3.0B
OPERATING INCOME	$2.5B
Interest Income	$0
Interest Expense	$282M
Other Income/Expenses	-$157M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$518M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$550M
EBIT	$2.5B
EBITDA	$3.0B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$550M
Stock-Based Compensation	$22M
Deferred Income Tax	$74M
Other Non-Cash Items	-$19M
Change in Working Capital	-$164M
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$654M
Acquisitions (Net)	$84M
Purchases of Investments	$0
Sales/Maturities of Investments	$24M
Other Investing Activities	-$20M
NET CASH FROM INVESTING	-$566M
Net Debt Issuance	$2.1B
Common Stock Repurchased	-$3.1B
Common Dividends Paid	-$700M
Other Financing Activities	-$20M
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$1.6B
Net Change in Cash	-$39M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$46M
Net Receivables	$1.7B
Inventory	$688M
Other Current Assets	$249M
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$55.1B
Goodwill	$0
Intangible Assets	$679M
Long-Term Investments	$2.3B
Tax Assets	$0
Other Non-Current Assets	$249M
TOTAL NON-CURRENT ASSETS	$58.3B
TOTAL ASSETS	$62.1B
Account Payables	$612M
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$614M
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$27.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12.4B
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$43.4B
TOTAL LIABILITIES	$47.8B
Common Stock	$2.8B
Additional Paid-In Capital	$4.5B
Retained Earnings	$53.1B
Treasury Stock	-$44.5B
Accum. Other Comp. Income	-$1.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.3B
Minority Interest	$0
TOTAL EQUITY	$14.3B
TOTAL LIABILITIES & EQUITY	$62.1B
Total Debt	$30.4B
Net Debt	$29.3B