Union Pacific (UNP) FY2015 results: revenue $21.8 billion, down 9.1% on the year
Union Pacific Corp. (UNP) reported revenue of $21.8 billion for fiscal 2015, the year ended 31 December 2015, down 9.1% on the year before. Net income was $4.8 billion, down 7.9%, and diluted earnings per share $5.49. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2016.
Revenue
$21.8 billion
-9.1% on the year
FY2008FY2015
Operating margin
36.9%
36.5% a year earlier
FY2008FY2015
Net income
$4.8 billion
-7.9% on the year
FY2008FY2015
Diluted EPS
$5.49
-4.5% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
21,813
23,988
21,963
-9.1%
Operating income
8,052
8,753
7,446
-8.0%
Operating margin
36.9%
36.5%
33.9%
Interest expense
622
561
526
+10.9%
Pre-tax income
7,656
8,343
7,048
-8.2%
Income tax
2,884
3,163
2,660
-8.8%
Effective tax rate
37.7%
37.9%
37.7%
Net income
4,772
5,180
4,388
-7.9%
Net margin
21.9%
21.6%
20.0%
Diluted EPS
$5.49
$5.75
$4.71
-4.5%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
7,344
7,385
6,823
-0.6%
Capital expenditure
4,650
4,346
3,496
+7.0%
Free cash flow
2,694
3,039
3,327
-11.4%
Free cash flow margin
12.4%
12.7%
15.1%
Depreciation
2,012
1,904
1,777
+5.7%
Share-based compensation
98.0
112
98.0
-12.5%
Buybacks
3,465
3,225
2,218
+7.4%
Dividends paid
2,344
1,632
1,333
+43.6%
Dividend per share
$2.20
$1.91
$1.48
+15.2%
Diluted shares, weighted
869m
901m
932m
-3.5%
Shares outstanding at period end
849m
883m
912m
-3.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
20,702
21,189
21,225
-2.3%
Debt
14,201
11,413
9,577
+24.4%
Other liabilities
19,697
19,770
18,929
-0.4%
Total liabilities and equity
54,600
52,372
49,731
+4.3%
Fixed assets
48,866
46,272
43,749
+5.6%
Cash and equivalents
1,391
1,586
1,432
-12.3%
Receivables
1,356
1,611
1,414
-15.8%
Other assets
2,987
2,903
3,136
+2.9%
Total assets
54,600
52,372
49,731
+4.3%
10-K for the year ended 31 December 2015, filed 5 February 2016: the filing.