Union Pacific (UNP) FY2017 results: revenue $21.2 billion, up 6.5% on the year
Union Pacific Corp. (UNP) reported revenue of $21.2 billion for fiscal 2017, the year ended 31 December 2017, up 6.5% on the year before. Net income was $10.7 billion, up 153.1%, and diluted earnings per share $13.36. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2018.
Revenue
$21.2 billion
+6.5% on the year
FY2010FY2017
Operating margin
38.2%
36.3% a year earlier
FY2010FY2017
Net income
$10.7 billion
+153.1% on the year
FY2010FY2017
Diluted EPS
$13.36
+163.5% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
21,240
19,941
21,813
+6.5%
Operating income
8,106
7,243
8,052
+11.9%
Operating margin
38.2%
36.3%
36.9%
Interest expense
719
698
622
+3.0%
Pre-tax income
7,632
6,766
7,656
+12.8%
Income tax
-3,080
2,533
2,884
Effective tax rate
-40.4%
37.4%
37.7%
Net income
10,712
4,233
4,772
+153.1%
Net margin
50.4%
21.2%
21.9%
Diluted EPS
$13.36
$5.07
$5.49
+163.5%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
7,230
7,525
7,344
-3.9%
Capital expenditure
3,238
3,505
4,650
-7.6%
Free cash flow
3,992
4,020
2,694
-0.7%
Free cash flow margin
18.8%
20.2%
12.4%
Cash from investing
-3,086
n/a
n/a
Cash from financing
-4,146
n/a
n/a
Depreciation
2,105
2,038
2,012
+3.3%
Share-based compensation
103
82.0
98.0
+25.6%
Buybacks
4,013
3,105
3,465
+29.2%
Dividends paid
1,982
1,879
2,344
+5.5%
Dividend per share
$2.48
$2.25
$2.20
+10.0%
Diluted shares, weighted
802m
835m
869m
-4.0%
Shares outstanding at period end
781m
816m
849m
-4.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
24,856
19,932
20,702
+24.7%
Debt
16,944
15,007
14,201
+12.9%
Other liabilities
16,006
20,779
19,697
-23.0%
Total liabilities and equity
57,806
55,718
54,600
+3.7%
Fixed assets
51,605
50,389
48,866
+2.4%
Cash and equivalents
1,275
1,277
1,391
-0.2%
Receivables
1,493
1,258
1,356
+18.7%
Other assets
3,433
2,794
2,987
+22.9%
Total assets
57,806
55,718
54,600
+3.7%
10-K for the year ended 31 December 2017, filed 9 February 2018: the filing.