UNP Q3 2020 Earnings Report — Union Pacific Corporation Revenue & Financial Results | Market Cap Arena

Union Pacific CorporationUNP

Q3 2020 Earnings

Reported October 22, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2020	Q2 2020	Q3 2019	QoQ Change	YoY Change
Revenue	$4.9B	$4.2B	$5.5B	15.9%	-10.8%
Op. Income	$2.0B	$1.7B	$2.2B	22.8%	-9.1%
Gross Margin	47.4%	44.5%	45.5%	2.9pp	1.8pp
Net Margin	27.7%	26.7%	28.2%	1.0pp	-0.5pp
EPS (Diluted)	$2.01	$1.67	$2.22	20.4%	-9.5%
Free Cash Flow	$906M	$1.4B	$1.4B	-37.3%	-36.6%

Revenue Flow

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$299M
Operating Expenses	$299M
Cost & Expenses	$2.9B
OPERATING INCOME	$2.0B
Interest Income	$2M
Interest Expense	$295M
Other Income/Expenses	-$258M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$410M
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	$555M
EBIT	$2.0B
EBITDA	$2.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$299M
Operating Expenses	$299M
Cost & Expenses	$2.9B
OPERATING INCOME	$2.0B
Interest Income	$2M
Interest Expense	$295M
Other Income/Expenses	-$258M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$410M
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	$555M
EBIT	$2.0B
EBITDA	$2.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$555M
Stock-Based Compensation	$17M
Deferred Income Tax	$156M
Other Non-Cash Items	$111M
Change in Working Capital	-$601M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$695M
Acquisitions (Net)	$695M
Purchases of Investments	-$31M
Sales/Maturities of Investments	$31M
Other Investing Activities	-$664M
NET CASH FROM INVESTING	-$664M
Net Debt Issuance	-$390M
Common Stock Repurchased	$0
Common Dividends Paid	-$655M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$1.0B
FREE CASH FLOW	$906M
Net Change in Cash	-$106M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.6B
Short-Term Investments	$60M
Net Receivables	$1.6B
Inventory	$649M
Other Current Assets	$255M
TOTAL CURRENT ASSETS	$5.1B
PP&E (Net)	$55.3B
Goodwill	$0
Intangible Assets	$668M
Long-Term Investments	$2.1B
Tax Assets	$0
Other Non-Current Assets	$496M
TOTAL NON-CURRENT ASSETS	$58.6B
TOTAL ASSETS	$63.7B
Account Payables	$649M
Short-Term Debt	$2.0B
Deferred Revenue	$0
Other Current Liabilities	$524M
TOTAL CURRENT LIABILITIES	$4.8B
Long-Term Debt	$26.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12.3B
Other Non-Current Liabilities	$2.0B
TOTAL NON-CURRENT LIABILITIES	$41.7B
TOTAL LIABILITIES	$46.5B
Common Stock	$2.8B
Additional Paid-In Capital	$4.8B
Retained Earnings	$50.6B
Treasury Stock	-$39.7B
Accum. Other Comp. Income	-$1.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$17.2B
Minority Interest	$0
TOTAL EQUITY	$17.2B
TOTAL LIABILITIES & EQUITY	$63.7B
Total Debt	$29.7B
Net Debt	$27.1B