UNP Q4 2019 Earnings Report — Union Pacific Corporation Revenue & Financial Results | Market Cap Arena

Union Pacific CorporationUNP

Q4 2019 Earnings

Reported February 7, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2019	Q3 2019	Q4 2018	QoQ Change	YoY Change
Revenue	$5.2B	$5.5B	$5.8B	-5.5%	-9.5%
Op. Income	$2.1B	$2.2B	$2.2B	-6.0%	-5.0%
Gross Margin	44.7%	45.5%	42.2%	-0.8pp	2.5pp
Net Margin	26.9%	28.2%	27.0%	-1.3pp	-0.1pp
EPS (Diluted)	$2.02	$2.22	$2.12	-9.0%	-4.7%
Free Cash Flow	$1.4B	$1.4B	$1.3B	-2.9%	6.4%

Revenue Flow

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$2.9B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$231M
Operating Expenses	$231M
Cost & Expenses	$3.1B
OPERATING INCOME	$2.1B
Interest Income	$38M
Interest Expense	$278M
Other Income/Expenses	-$222M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$475M
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	$559M
EBIT	$2.1B
EBITDA	$2.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$2.9B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$231M
Operating Expenses	$231M
Cost & Expenses	$3.1B
OPERATING INCOME	$2.1B
Interest Income	$38M
Interest Expense	$278M
Other Income/Expenses	-$222M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$475M
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	$559M
EBIT	$2.1B
EBITDA	$2.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$559M
Stock-Based Compensation	$18M
Deferred Income Tax	$269M
Other Non-Cash Items	-$42M
Change in Working Capital	$138M
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$958M
Acquisitions (Net)	$0
Purchases of Investments	-$5M
Sales/Maturities of Investments	$10M
Other Investing Activities	$25M
NET CASH FROM INVESTING	-$928M
Net Debt Issuance	-$563M
Common Stock Repurchased	-$642M
Common Dividends Paid	-$673M
Other Financing Activities	$14M
NET CASH FROM FINANCING	-$1.9B
FREE CASH FLOW	$1.4B
Net Change in Cash	-$447M

Balance Sheet

Item	Amount
Cash & Equivalents	$831M
Short-Term Investments	$60M
Net Receivables	$1.6B
Inventory	$751M
Other Current Assets	$222M
TOTAL CURRENT ASSETS	$3.5B
PP&E (Net)	$55.1B
Goodwill	$0
Intangible Assets	$633M
Long-Term Investments	$2.0B
Tax Assets	$0
Other Non-Current Assets	$436M
TOTAL NON-CURRENT ASSETS	$58.2B
TOTAL ASSETS	$61.7B
Account Payables	$749M
Short-Term Debt	$1.3B
Deferred Revenue	$0
Other Current Liabilities	$538M
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$23.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12.0B
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$39.2B
TOTAL LIABILITIES	$43.5B
Common Stock	$2.8B
Additional Paid-In Capital	$4.5B
Retained Earnings	$48.6B
Treasury Stock	-$36.4B
Accum. Other Comp. Income	-$1.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.1B
Minority Interest	$0
TOTAL EQUITY	$18.1B
TOTAL LIABILITIES & EQUITY	$61.7B
Total Debt	$27.0B
Net Debt	$26.2B