Union Pacific (UNP) FY2021 results: revenue $21.8 billion, up 11.6% on the year
Union Pacific Corp. (UNP) reported revenue of $21.8 billion for fiscal 2021, the year ended 31 December 2021, up 11.6% on the year before. Net income was $6.5 billion, up 21.9%, and diluted earnings per share $9.95. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2022.
Revenue
$21.8 billion
+11.6% on the year
FY2014FY2021
Operating margin
42.8%
40.1% a year earlier
FY2014FY2021
Net income
$6.5 billion
+21.9% on the year
FY2014FY2021
Diluted EPS
$9.95
+26.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
9,032
8,540
8,609
+5.8%
Capital expenditure
2,936
2,927
3,453
+0.3%
Free cash flow
6,096
5,613
5,156
+8.6%
Free cash flow margin
28.0%
28.7%
23.8%
Cash from investing
-2,709
-2,676
-3,435
Cash from financing
-7,158
-4,902
-5,646
Depreciation
2,208
2,210
2,216
-0.1%
Share-based compensation
88.0
73.0
93.0
+20.5%
Buybacks
7,291
3,705
5,804
+96.8%
Dividends paid
2,800
2,626
2,598
+6.6%
Dividend per share
$4.29
$3.88
$3.70
+10.6%
Diluted shares, weighted
655m
679m
706m
-3.5%
Shares outstanding at period end
639m
671m
692m
-4.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
14,161
16,958
18,128
-16.5%
Debt
29,729
26,729
25,200
+11.2%
Operating lease liabilities
1,429
1,283
1,471
+11.4%
Finance lease liabilities
n/a
340
491
Other liabilities
18,206
17,088
16,383
+6.5%
Total liabilities and equity
63,525
62,398
61,673
+1.8%
Fixed assets
54,871
54,161
53,916
+1.3%
Cash and equivalents
960
1,799
831
-46.6%
Receivables
1,722
1,505
1,595
+14.4%
Other assets
5,972
4,933
5,331
+21.1%
Total assets
63,525
62,398
61,673
+1.8%
10-K for the year ended 31 December 2021, filed 4 February 2022: the filing.