Union Pacific (UNP) FY2014 results: revenue $24.0 billion, up 9.2% on the year
Union Pacific Corp. (UNP) reported revenue of $24.0 billion for fiscal 2014, the year ended 31 December 2014, up 9.2% on the year before. Net income was $5.2 billion, up 18.0%, and diluted earnings per share $5.75. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2015.
Revenue
$24.0 billion
+9.2% on the year
FY2007FY2014
Operating margin
36.5%
33.9% a year earlier
FY2007FY2014
Net income
$5.2 billion
+18.0% on the year
FY2007FY2014
Diluted EPS
$5.75
+22.1% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
23,988
21,963
20,926
+9.2%
Operating income
8,753
7,446
6,745
+17.6%
Operating margin
36.5%
33.9%
32.2%
Interest expense
561
526
535
+6.7%
Pre-tax income
8,343
7,048
6,318
+18.4%
Income tax
3,163
2,660
2,375
+18.9%
Effective tax rate
37.9%
37.7%
37.6%
Net income
5,180
4,388
3,943
+18.0%
Net margin
21.6%
20.0%
18.8%
Diluted EPS
$5.75
$4.71
$4.13
+22.1%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
7,385
6,823
6,161
+8.2%
Capital expenditure
4,346
3,496
3,738
+24.3%
Free cash flow
3,039
3,327
2,423
-8.7%
Free cash flow margin
12.7%
15.1%
11.6%
Cash from investing
n/a
n/a
-3,633
Cash from financing
n/a
n/a
-2,682
Depreciation
1,904
1,777
1,760
+7.1%
Share-based compensation
112
98.0
93.0
+14.3%
Buybacks
3,225
2,218
1,474
+45.4%
Dividends paid
1,632
1,333
1,146
+22.4%
Dividend per share
$1.91
$1.48
$1.25
+29.1%
Diluted shares, weighted
901m
932m
953m
-3.3%
Shares outstanding at period end
883m
912m
939m
-3.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
21,189
21,225
19,877
-0.2%
Debt
11,413
9,577
8,997
+19.2%
Other liabilities
19,770
18,929
18,279
+4.4%
Total liabilities and equity
52,372
49,731
47,153
+5.3%
Fixed assets
46,272
43,749
41,997
+5.8%
Cash and equivalents
1,586
1,432
1,063
+10.8%
Receivables
1,611
1,414
1,331
+13.9%
Other assets
2,903
3,136
2,762
-7.4%
Total assets
52,372
49,731
47,153
+5.3%
10-K for the year ended 31 December 2014, filed 6 February 2015: the filing.