UNP Q3 2018 Earnings Report — Union Pacific Corporation Revenue & Financial Results | Market Cap Arena

Union Pacific CorporationUNP

Q3 2018 Earnings

Reported October 25, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$5.9B	$5.7B	$5.4B	4.5%	9.6%
Op. Income	$2.3B	$2.1B	$2.0B	8.1%	12.8%
Gross Margin	43.1%	41.4%	41.5%	1.7pp	1.7pp
Net Margin	26.9%	26.6%	22.1%	0.3pp	4.8pp
EPS (Diluted)	$2.15	$1.98	$1.50	8.6%	43.3%
Free Cash Flow	$1.5B	$1.4B	$1.1B	6.9%	32.9%

Revenue Flow

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$3.4B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$287M
Operating Expenses	$287M
Cost & Expenses	$3.7B
OPERATING INCOME	$2.3B
Interest Income	$10M
Interest Expense	$241M
Other Income/Expenses	-$193M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$483M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$547M
EBIT	$2.3B
EBITDA	$2.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$3.4B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$287M
Operating Expenses	$287M
Cost & Expenses	$3.7B
OPERATING INCOME	$2.3B
Interest Income	$10M
Interest Expense	$241M
Other Income/Expenses	-$193M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$483M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$547M
EBIT	$2.3B
EBITDA	$2.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$547M
Stock-Based Compensation	$26M
Deferred Income Tax	$108M
Other Non-Cash Items	$65M
Change in Working Capital	$28M
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$814M
Acquisitions (Net)	$814M
Purchases of Investments	-$30M
Sales/Maturities of Investments	$30M
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$809M
Net Debt Issuance	-$413M
Common Stock Repurchased	-$331M
Common Dividends Paid	-$591M
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$1.5B
Net Change in Cash	$206M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$90M
Net Receivables	$1.8B
Inventory	$789M
Other Current Assets	$335M
TOTAL CURRENT ASSETS	$4.8B
PP&E (Net)	$51.6B
Goodwill	$0
Intangible Assets	$636M
Long-Term Investments	$1.9B
Tax Assets	$0
Other Non-Current Assets	$399M
TOTAL NON-CURRENT ASSETS	$54.5B
TOTAL ASSETS	$59.3B
Account Payables	$905M
Short-Term Debt	$1.5B
Deferred Revenue	$0
Other Current Liabilities	$578M
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$20.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11.3B
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$34.1B
TOTAL LIABILITIES	$38.7B
Common Stock	$2.8B
Additional Paid-In Capital	$3.8B
Retained Earnings	$44.3B
Treasury Stock	-$28.9B
Accum. Other Comp. Income	-$1.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.6B
Minority Interest	$0
TOTAL EQUITY	$20.6B
TOTAL LIABILITIES & EQUITY	$59.3B
Total Debt	$22.4B
Net Debt	$20.6B