Union Pacific (UNP) FY2019 results: revenue $21.7 billion, down 4.9% on the year
Union Pacific Corp. (UNP) reported revenue of $21.7 billion for fiscal 2019, the year ended 31 December 2019, down 4.9% on the year before. Net income was $5.9 billion, down 0.8%, and diluted earnings per share $8.38. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2020.
Revenue
$21.7 billion
-4.9% on the year
FY2012FY2019
Operating margin
39.4%
37.3% a year earlier
FY2012FY2019
Net income
$5.9 billion
-0.8% on the year
FY2012FY2019
Diluted EPS
$8.38
+5.9% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
21,708
22,832
21,240
-4.9%
Operating income
8,554
8,517
8,106
+0.4%
Operating margin
39.4%
37.3%
38.2%
Interest expense
1,050
870
719
+20.7%
Pre-tax income
7,747
7,741
7,632
+0.1%
Income tax
1,828
1,775
-3,080
+3.0%
Effective tax rate
23.6%
22.9%
-40.4%
Net income
5,919
5,966
10,712
-0.8%
Net margin
27.3%
26.1%
50.4%
Diluted EPS
$8.38
$7.91
$13.36
+5.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
8,609
8,686
7,230
-0.9%
Capital expenditure
3,453
3,437
3,238
+0.5%
Free cash flow
5,156
5,249
3,992
-1.8%
Free cash flow margin
23.8%
23.0%
18.8%
Cash from investing
-3,435
-3,411
-3,086
Cash from financing
-5,646
-5,222
-4,146
Depreciation
2,216
2,191
2,105
+1.1%
Share-based compensation
93.0
96.0
103
-3.1%
Buybacks
5,804
8,225
4,013
-29.4%
Dividends paid
2,598
2,299
1,982
+13.0%
Dividend per share
$3.70
$3.06
$2.48
+20.9%
Diluted shares, weighted
706m
754m
802m
-6.4%
Shares outstanding at period end
692m
725m
781m
-4.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
18,128
20,423
24,856
-11.2%
Debt
25,200
22,391
16,944
+12.5%
Operating lease liabilities
1,471
n/a
n/a
Finance lease liabilities
491
n/a
n/a
Other liabilities
16,383
16,333
16,006
+0.3%
Total liabilities and equity
61,673
59,147
57,806
+4.3%
Fixed assets
53,916
52,679
51,605
+2.3%
Cash and equivalents
831
1,273
1,275
-34.7%
Receivables
1,595
1,755
1,493
-9.1%
Other assets
5,331
3,440
3,433
+55.0%
Total assets
61,673
59,147
57,806
+4.3%
10-K for the year ended 31 December 2019, filed 7 February 2020: the filing.