UNP Q3 2019 Earnings Report — Union Pacific Corporation Revenue & Financial Results | Market Cap Arena

Union Pacific CorporationUNP

Q3 2019 Earnings

Reported October 17, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$5.5B	$5.6B	$5.9B	-1.4%	-7.0%
Op. Income	$2.2B	$2.3B	$2.3B	-1.2%	-1.5%
Gross Margin	45.5%	44.8%	43.1%	0.7pp	2.4pp
Net Margin	28.2%	28.1%	26.9%	0.1pp	1.3pp
EPS (Diluted)	$2.22	$2.22	$2.15	0.0%	3.3%
Free Cash Flow	$1.4B	$1.1B	$1.5B	26.1%	-6.4%

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$3.0B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$277M
Operating Expenses	$277M
Cost & Expenses	$3.3B
OPERATING INCOME	$2.2B
Interest Income	$10M
Interest Expense	$266M
Other Income/Expenses	-$213M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$466M
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	$557M
EBIT	$2.2B
EBITDA	$2.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$3.0B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$277M
Operating Expenses	$277M
Cost & Expenses	$3.3B
OPERATING INCOME	$2.2B
Interest Income	$10M
Interest Expense	$266M
Other Income/Expenses	-$213M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$466M
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	$557M
EBIT	$2.2B
EBITDA	$2.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$557M
Stock-Based Compensation	$24M
Deferred Income Tax	$88M
Other Non-Cash Items	$37M
Change in Working Capital	$103M
OPERATING CASH FLOW	$2.4B
Capital Expenditure	-$935M
Acquisitions (Net)	$0
Purchases of Investments	-$10M
Sales/Maturities of Investments	$15M
Other Investing Activities	$33M
NET CASH FROM INVESTING	-$897M
Net Debt Issuance	$480M
Common Stock Repurchased	-$1.0B
Common Dividends Paid	-$677M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$1.4B
Net Change in Cash	$232M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$60M
Net Receivables	$1.6B
Inventory	$771M
Other Current Assets	$342M
TOTAL CURRENT ASSETS	$4.1B
PP&E (Net)	$54.8B
Goodwill	$0
Intangible Assets	$638M
Long-Term Investments	$2.0B
Tax Assets	$0
Other Non-Current Assets	$483M
TOTAL NON-CURRENT ASSETS	$57.9B
TOTAL ASSETS	$62.0B
Account Payables	$711M
Short-Term Debt	$1.4B
Deferred Revenue	$0
Other Current Liabilities	$616M
TOTAL CURRENT LIABILITIES	$4.6B
Long-Term Debt	$24.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11.7B
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$39.4B
TOTAL LIABILITIES	$44.0B
Common Stock	$2.8B
Additional Paid-In Capital	$4.5B
Retained Earnings	$47.9B
Treasury Stock	-$35.8B
Accum. Other Comp. Income	-$1.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.0B
Minority Interest	$0
TOTAL EQUITY	$18.0B
TOTAL LIABILITIES & EQUITY	$62.0B
Total Debt	$27.7B
Net Debt	$26.4B