UNION PACIFIC CORP

UNP
Railroads line haul operating
Last filing · Quarter 3 · Sep 30, 2026
Financial Statements Ratios
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Statement
Income StatementBalance SheetCash Flow
Period
Annual Quarterly
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UNION PACIFIC CORP back to 2009, every line as filed.

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USD ($)
$ in Millions 		LTMDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016Dec 31, 2015Dec 31, 2014Dec 31, 2013Dec 31, 2012Dec 31, 2011Dec 31, 2010Dec 31, 2009
Operating activities
                  
Operating Activities
                  
Net income
$ 7,618
$ 7,138
$ 6,747
$ 6,379
Adjustments to reconcile net income to cash provided by operating activities:
                  
Depreciation
2,538
2,465
2,398
2,318
Deferred and other income taxes
276
241
28
117
Gain on non-operating asset dispositions
-
-
-
-
Net gain on non-operating asset dispositions
-
-
-
-
Deferred income taxes and unrecognized tax benefits
-
-
-
-
Other operating activities, net
(167)
(193)
(13)
(132)
Changes in current assets and liabilities:
                  
Accounts receivable, net
(219)
34
179
(177)
Materials and supplies
(203)
(18)
(26)
(2)
Materials and supplies.
-
-
-
-
Other current assets
43
25
(69)
(38)
Accounts payable and other current liabilities
150
(196)
189
(215)
Income and other taxes
491
(206)
(87)
129
Cash provided by operating activities
10,527
9,290
9,346
8,379
Investing activities
                  
Capital investments
(3,833)
(3,791)
(3,452)
(3,606)
Proceeds from asset sales
-
-
-
-
Maturities of short-term investments (Note 13)
-
-
-
-
Purchases of short-term investments (Note 13)
-
-
-
-
Acquisition of equipment pending financing
-
-
-
-
Proceeds from sale of assets financed
-
-
-
-
Other investing activities, net
31
29
127
(61)
Cash used in investing activities
(4,427)
(3,762)
(3,325)
(3,667)
Financing activities
                  
Financing Activities
                  
Common share repurchases (Note 18)
-
-
-
-
Dividends paid
(3,302)
(3,236)
(3,213)
(3,173)
Share repurchase programs (Note 18)
(26)
(2,679)
(1,505)
(705)
Debt repaid
(1,523)
(1,428)
(2,226)
(2,190)
Debt issued (Note 14)
0
1,995
800
1,599
Net issued/(paid) commercial paper (Note 14)
-
-
-
-
Debt exchange (Note 14)
-
-
-
-
Other financing activities, net
139
72
77
(156)
Cash used in financing activities
(4,712)
(5,276)
(6,067)
(4,625)
Net change in cash, cash equivalents, and restricted cash
1,388
252
(46)
87
Term loan renewals
-
-
-
0
Common shares repurchased but not yet paid
-
-
-
5
Locomotives sold for material credits
-
-
-
-
Capital lease financings
-
-
-
-
Supplemental cash flow information
                  
Net change in cash and cash equivalents
-
-
-
-
Non-cash investing and financing activities:
                  
Capital investments accrued but not yet paid
139
131
165
137
Cash paid during the year for:
                  
Federal income taxes, net of refunds
(543)
(543)
-
-
Total state income taxes, net of refunds
(321)
(321)
-
-
Foreign income taxes, net of refunds
(13)
(13)
-
-
Income taxes, net of refunds
-
-
(1,340)
(1,486)
Settlement of current liabilities for debt
-
-
-
-
Cash paid during the year for: [Abstract]
                  
Interest, net of amounts capitalized
$ (1,298)
$ (1,311)
$ (1,260)
$ (1,268)