Union Pacific (UNP) FY2011 results: revenue $19.6 billion, up 15.3% on the year
Union Pacific Corp. (UNP) reported revenue of $19.6 billion for fiscal 2011, the year ended 31 December 2011, up 15.3% on the year before. Net income was $3.3 billion, up 18.4%, and diluted earnings per share $3.36. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2012.
Revenue
$19.6 billion
+15.3% on the year
FY2007FY2011
Operating margin
29.3%
29.4% a year earlier
FY2007FY2011
Net income
$3.3 billion
+18.4% on the year
FY2007FY2011
Diluted EPS
$3.36
+21.5% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
19,557
16,965
14,143
+15.3%
Operating income
5,724
4,981
3,379
+14.9%
Operating margin
29.3%
29.4%
23.9%
Interest expense
572
602
600
-5.0%
Pre-tax income
5,264
4,433
2,974
+18.7%
Income tax
1,972
1,653
1,084
+19.3%
Effective tax rate
37.5%
37.3%
36.4%
Net income
3,292
2,780
1,890
+18.4%
Net margin
16.8%
16.4%
13.4%
Diluted EPS
$3.36
$2.77
$1.88
+21.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
5,873
4,105
3,204
+43.1%
Capital expenditure
3,176
2,482
2,354
+28.0%
Free cash flow
2,697
1,623
850
+66.2%
Free cash flow margin
13.8%
9.6%
6.0%
Cash from investing
-3,119
-2,488
-2,145
Cash from financing
-2,623
-2,381
-458
Depreciation
1,617
1,487
1,427
+8.7%
Share-based compensation
82.0
74.0
58.0
+10.8%
Buybacks
1,418
n/a
n/a
Dividends paid
837
602
544
+39.0%
Dividend per share
$0.96
$0.66
$0.54
+47.3%
Diluted shares, weighted
980m
1,006m
1,012m
-2.6%
Shares outstanding at period end
960m
983m
1,010m
-2.4%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
18,578
17,763
16,801
+4.6%
Debt
8,906
9,242
9,848
-3.6%
Other liabilities
17,612
16,083
15,535
+9.5%
Total liabilities and equity
45,096
43,088
42,184
+4.7%
Fixed assets
39,934
38,253
37,202
+4.4%
Cash and equivalents
1,217
1,086
1,850
+12.1%
Receivables
1,401
1,184
666
+18.3%
Other assets
2,544
2,565
2,466
-0.8%
Total assets
45,096
43,088
42,184
+4.7%
10-K for the year ended 31 December 2011, filed 3 February 2012: the filing.