Union Pacific (UNP) FY2013 results: revenue $22.0 billion, up 5.0% on the year
Union Pacific Corp. (UNP) reported revenue of $22.0 billion for fiscal 2013, the year ended 31 December 2013, up 5.0% on the year before. Net income was $4.4 billion, up 11.3%, and diluted earnings per share $4.71. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2014.
Revenue
$22.0 billion
+5.0% on the year
FY2007FY2013
Operating margin
33.9%
32.2% a year earlier
FY2007FY2013
Net income
$4.4 billion
+11.3% on the year
FY2007FY2013
Diluted EPS
$4.71
+13.9% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
21,963
20,926
19,557
+5.0%
Operating income
7,446
6,745
5,724
+10.4%
Operating margin
33.9%
32.2%
29.3%
Interest expense
526
535
572
-1.7%
Pre-tax income
7,048
6,318
5,264
+11.6%
Income tax
2,660
2,375
1,972
+12.0%
Effective tax rate
37.7%
37.6%
37.5%
Net income
4,388
3,943
3,292
+11.3%
Net margin
20.0%
18.8%
16.8%
Diluted EPS
$4.71
$4.13
$3.36
+13.9%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
6,823
6,161
5,873
+10.7%
Capital expenditure
3,496
3,738
3,176
-6.5%
Free cash flow
3,327
2,423
2,697
+37.3%
Free cash flow margin
15.1%
11.6%
13.8%
Cash from investing
n/a
-3,633
-3,119
Cash from financing
n/a
-2,682
-2,623
Depreciation
1,777
1,760
1,617
+1.0%
Share-based compensation
98.0
93.0
82.0
+5.4%
Buybacks
2,218
1,474
1,418
+50.5%
Dividends paid
1,333
1,146
837
+16.3%
Dividend per share
$1.48
$1.25
$0.96
+18.9%
Diluted shares, weighted
932m
953m
980m
-2.2%
Shares outstanding at period end
912m
939m
960m
-2.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
21,225
19,877
18,578
+6.8%
Debt
9,577
8,997
8,906
+6.4%
Other liabilities
18,929
18,279
17,612
+3.6%
Total liabilities and equity
49,731
47,153
45,096
+5.5%
Fixed assets
43,749
41,997
39,934
+4.2%
Cash and equivalents
1,432
1,063
1,217
+34.7%
Receivables
1,414
1,331
1,401
+6.2%
Other assets
3,136
2,762
2,544
+13.5%
Total assets
49,731
47,153
45,096
+5.5%
10-K for the year ended 31 December 2013, filed 7 February 2014: the filing.