Union Pacific (UNP) FY2012 results: revenue $20.9 billion, up 7.0% on the year
Union Pacific Corp. (UNP) reported revenue of $20.9 billion for fiscal 2012, the year ended 31 December 2012, up 7.0% on the year before. Net income was $3.9 billion, up 19.8%, and diluted earnings per share $4.13. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2013.
Revenue
$20.9 billion
+7.0% on the year
FY2007FY2012
Operating margin
32.2%
29.3% a year earlier
FY2007FY2012
Net income
$3.9 billion
+19.8% on the year
FY2007FY2012
Diluted EPS
$4.13
+23.1% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
20,926
19,557
16,965
+7.0%
Operating income
6,745
5,724
4,981
+17.8%
Operating margin
32.2%
29.3%
29.4%
Interest expense
535
572
602
-6.5%
Pre-tax income
6,318
5,264
4,433
+20.0%
Income tax
2,375
1,972
1,653
+20.4%
Effective tax rate
37.6%
37.5%
37.3%
Net income
3,943
3,292
2,780
+19.8%
Net margin
18.8%
16.8%
16.4%
Diluted EPS
$4.13
$3.36
$2.77
+23.1%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
6,161
5,873
4,105
+4.9%
Capital expenditure
3,738
3,176
2,482
+17.7%
Free cash flow
2,423
2,697
1,623
-10.2%
Free cash flow margin
11.6%
13.8%
9.6%
Cash from investing
-3,633
-3,119
-2,488
Cash from financing
-2,682
-2,623
-2,381
Depreciation
1,760
1,617
1,487
+8.8%
Share-based compensation
93.0
82.0
74.0
+13.4%
Buybacks
1,474
1,418
n/a
+3.9%
Dividends paid
1,146
837
602
+36.9%
Dividend per share
$1.25
$0.96
$0.66
+29.0%
Diluted shares, weighted
953m
980m
1,006m
-2.7%
Shares outstanding at period end
939m
960m
983m
-2.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
19,877
18,578
17,763
+7.0%
Debt
8,997
8,906
9,242
+1.0%
Other liabilities
18,279
17,612
16,083
+3.8%
Total liabilities and equity
47,153
45,096
43,088
+4.6%
Fixed assets
41,997
39,934
38,253
+5.2%
Cash and equivalents
1,063
1,217
1,086
-12.7%
Receivables
1,331
1,401
1,184
-5.0%
Other assets
2,762
2,544
2,565
+8.6%
Total assets
47,153
45,096
43,088
+4.6%
10-K for the year ended 31 December 2012, filed 8 February 2013: the filing.