Union Pacific (UNP) FY2022 results: revenue $24.9 billion, up 14.1% on the year
Union Pacific Corp. (UNP) reported revenue of $24.9 billion for fiscal 2022, the year ended 31 December 2022, up 14.1% on the year before. Net income was $7.0 billion, up 7.3%, and diluted earnings per share $11.21. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2023.
Revenue
$24.9 billion
+14.1% on the year
FY2015FY2022
Operating margin
39.9%
42.8% a year earlier
FY2015FY2022
Net income
$7.0 billion
+7.3% on the year
FY2015FY2022
Diluted EPS
$11.21
+12.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
9,362
9,032
8,540
+3.7%
Capital expenditure
3,620
2,936
2,927
+23.3%
Free cash flow
5,742
6,096
5,613
-5.8%
Free cash flow margin
23.1%
28.0%
28.7%
Cash from investing
-3,471
-2,709
-2,676
Cash from financing
-5,887
-7,158
-4,902
Depreciation
2,246
2,208
2,210
+1.7%
Share-based compensation
99.0
88.0
73.0
+12.5%
Buybacks
6,282
7,291
3,705
-13.8%
Dividends paid
3,159
2,800
2,626
+12.8%
Dividend per share
$5.08
$4.29
$3.88
+18.4%
Diluted shares, weighted
624m
655m
679m
-4.8%
Shares outstanding at period end
612m
639m
671m
-4.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
12,163
14,161
16,958
-14.1%
Debt
33,326
29,729
26,729
+12.1%
Operating lease liabilities
1,300
1,429
1,283
-9.0%
Finance lease liabilities
n/a
n/a
340
Other liabilities
18,660
18,206
17,088
+2.5%
Total liabilities and equity
65,449
63,525
62,398
+3.0%
Fixed assets
56,038
54,871
54,161
+2.1%
Cash and equivalents
973
960
1,799
+1.4%
Receivables
1,891
1,722
1,505
+9.8%
Other assets
6,547
5,972
4,933
+9.6%
Total assets
65,449
63,525
62,398
+3.0%
10-K for the year ended 31 December 2022, filed 10 February 2023: the filing.