Union Pacific (UNP) FY2016 results: revenue $19.9 billion, down 8.6% on the year
Union Pacific Corp. (UNP) reported revenue of $19.9 billion for fiscal 2016, the year ended 31 December 2016, down 8.6% on the year before. Net income was $4.2 billion, down 11.3%, and diluted earnings per share $5.07. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2017.
Revenue
$19.9 billion
-8.6% on the year
FY2009FY2016
Operating margin
36.3%
36.9% a year earlier
FY2009FY2016
Net income
$4.2 billion
-11.3% on the year
FY2009FY2016
Diluted EPS
$5.07
-7.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
19,941
21,813
23,988
-8.6%
Operating income
7,243
8,052
8,753
-10.0%
Operating margin
36.3%
36.9%
36.5%
Interest expense
698
622
561
+12.2%
Pre-tax income
6,766
7,656
8,343
-11.6%
Income tax
2,533
2,884
3,163
-12.2%
Effective tax rate
37.4%
37.7%
37.9%
Net income
4,233
4,772
5,180
-11.3%
Net margin
21.2%
21.9%
21.6%
Diluted EPS
$5.07
$5.49
$5.75
-7.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
7,525
7,344
7,385
+2.5%
Capital expenditure
3,505
4,650
4,346
-24.6%
Free cash flow
4,020
2,694
3,039
+49.2%
Free cash flow margin
20.2%
12.4%
12.7%
Depreciation
2,038
2,012
1,904
+1.3%
Share-based compensation
82.0
98.0
112
-16.3%
Buybacks
3,105
3,465
3,225
-10.4%
Dividends paid
1,879
2,344
1,632
-19.8%
Dividend per share
$2.25
$2.20
$1.91
+2.5%
Diluted shares, weighted
835m
869m
901m
-3.9%
Shares outstanding at period end
816m
849m
883m
-3.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
19,932
20,702
21,189
-3.7%
Debt
15,007
14,201
11,413
+5.7%
Other liabilities
20,779
19,697
19,770
+5.5%
Total liabilities and equity
55,718
54,600
52,372
+2.0%
Fixed assets
50,389
48,866
46,272
+3.1%
Cash and equivalents
1,277
1,391
1,586
-8.2%
Receivables
1,258
1,356
1,611
-7.2%
Other assets
2,794
2,987
2,903
-6.5%
Total assets
55,718
54,600
52,372
+2.0%
10-K for the year ended 31 December 2016, filed 3 February 2017: the filing.