- 4th quarter revenues per watered down share of $ 2.67
- 4th quarter operating income up 8%
- Complete year revenues per watered down share of $ 11.21
- Complete year running earnings up 6%
OMAHA, Neb., Jan. 24, 2023/ PRNewswire/– Union Pacific Company (NYSE: UNP) today reported 2022 4th quarter take-home pay of $ 1.6 billion, or $ 2.67 per weakened share. This contrasts to 2021 4th quarter take-home pay of $ 1.7 billion, or $ 2.66 per weakened share.
Reported take-home pay for complete year 2022 was $ 7.0 billion, or $ 11.21 per weakened share. These complete year results contrast to complete year 2021 take-home pay of $ 6.5 billion, or $ 9.95 per weakened share.
” In the 4th quarter, we expanded carloads as we remained to encounter difficulties working with craft experts in important areas as well as experienced the effect of severe winter months climate on our network in December,” stated Lance Fritz, Union Pacific chairman, head of state, as well as president. “Consequently, income development was greater than countered by raised general expenses from functional ineffectiveness as well as a greater inflationary atmosphere. For the complete year, we made great development on worker security, as well as we took one more action towards our sustainability objectives as our gas intake price enhanced for the 4th successive year. Wanting to 2023, we anticipate ongoing enhancements in network fluidness to sustain service growth, producing quantity development that surpasses commercial manufacturing. We likewise anticipate network enhancements to aid us regain shed performance while supplying consumers with reputable solution.”
4th Quarter Recap
Economic Outcomes: Profits Development Countered by Greater Expenditures Connected With Rising Cost Of Living as well as Network Recuperation; 4th Quarter Document for Operating Profits
4th Quarter 2022 Contrasted to 4th Quarter 2021
- Operating income of $ 6.2 billion was up 8% driven by greater gas additional charge income, core prices gains, as well as quantity development, partly countered by an adverse service mix.
- Company quantities, as determined by complete income carloads, were up 1%.
- Union Pacific’s 61.0% operating proportion weakened 360 basis factors. Dropping gas costs late in the quarter favorably affected the operating proportion by 20 basis factors.
- Operating earnings of $ 2.4 billion decreased 1%.
- The business redeemed 3.5 million shares in 4th quarter 2022 at an accumulated price of $ 0.7 billion
Operating Efficiency: Solution as well as Performance Actions Affected by Network Blockage as well as Winter Months Weather Condition; 4th Quarter Document for Gas Usage Price
4th Quarter 2022 Contrasted to 4th Quarter 2021
- Quarterly products vehicle speed was 191 day-to-day miles per vehicle, a 3% decrease.
- Quarterly engine performance was 123 gross ton-miles (GTMs) per horse power day, a 5% decrease.
- Ordinary optimum train size reduced 1% to 9,191 feet.
- Quarterly labor force performance reduced 3% to 1,010 vehicle miles per worker.
- Gas intake price of 1.064, determined in gallons of gas per thousand GTMs, enhanced 2%.
2022 Complete Year Recap
Economic Outcomes: Gas Additional Charge, Core Rates Gains, as well as Quantity Drive Profits Development; Records for Operating Profits, Operating Revenue, Earnings, as well as Incomes Per Share
Complete Year 2022 Contrasted to Complete Year 2021
- Operating income of $ 24.9 billion was up 14% driven by greater gas additional charge income, core prices gains, as well as quantity development.
- Company quantities, as determined by complete income carloads, expanded 2%.
- Union Pacific’s 60.1% reported running proportion scrubby 290 basis factors. Greater gas costs adversely affected the operating proportion by 20 basis factors as well as the previous duration change pertaining to brand-new labor arrangements included 30 basis indicate running proportion.
- Operating Revenue of $ 9.9 billion was up 6%.
- Union Pacific’s 2022 resources program amounted to $ 3.4 billion
- The business redeemed 27.1 million shares in 2022 at an accumulated price of $ 6.3 billion
Operating Efficiency: Network Workflow Impacted by Team Schedule as well as Operational Inefficiencies; Document for Gas Usage Price
Complete Year 2022 Contrasted to Complete Year 2021
- Union Pacific’s reportable accident price enhanced 18% to 0.80 per 200,000 employee-hours contrasted to 0.98 for complete year 2021.
- Products vehicle speed was 191 day-to-day miles per vehicle, a 6% decrease.
- Locomotive performance was 125 GTMs per horse power day, a 6% decrease.
- Ordinary optimum train size of 9,329 feet was level.
- Labor force performance of 1,036 vehicle miles per worker was level.
- Gas intake price of 1.078, determined in gallons of gas per thousand GTMs, enhanced 1%.
2023 Support
- Complete year carloads to go beyond Industrial Manufacturing
- Present Industrial Manufacturing projection: -0.5%
- Complete year running proportion enhancement
- Rates bucks over of rising cost of living bucks
- Resources Appropriation:
- Capital investment much less than 15% of income
- Resources strategy of $ 3.6 billion
- Long-term reward payment target of ~ 45% of revenues
- Excess money to share repurchases
4th Quarter 2022 Incomes Teleconference
Union Pacific will certainly webcast its 4th quarter 2022 revenues launch discussion live at www.up.com/investor as well as by means of teleconference on Tuesday, January 24, 2023, at 8:45 a.m. Eastern Time Individuals might sign up with the teleconference by calling 877-407-8293 (or for global individuals, 201-689-8349).
REGARDING UNION PACIFIC
Union Pacific (NYSE: UNP) performs family members as well as services utilize everyday with risk-free, reputable, as well as reliable solution. Running in 23 western states, the business attaches its consumers as well as areas to the international economic situation. Trains are one of the most ecologically liable method to relocate products, aiding Union Pacific secure future generations. Even more info concerning Union Pacific is offered at www.up.com.
Supplemental monetary info is connected.
This press release as well as relevant products include declarations concerning the Firm’s future that are not declarations of historic truth, consisting of particularly the declarations pertaining to the Firm’s assumptions relative to financial problems as well as need degrees, its capacity to boost network efficiency (consisting of those in action to enhanced website traffic), its outcomes of procedures, as well as prospective influences of the COVID-19 pandemic as well as the Russian-Ukraine problem. These declarations are, or will certainly be, progressive declarations within the definition of Area 27A of the Stocks Act of 1933 as well as Area 21E of the Stocks Exchange Act of 1934. Positive declarations likewise normally consist of, without constraint, info, or declarations pertaining to: forecasts, forecasts, assumptions, price quotes, or projections regarding the Firm’s as well as its subsidiaries’ service, monetary, as well as functional outcomes, as well as future financial efficiency; as well as monitoring’s ideas, assumptions, objectives, as well as goals as well as various other comparable expressions worrying issues that are not historic truths.
Positive declarations ought to not read as a warranty of future efficiency or outcomes, as well as will certainly not always be exact signs of the moments that, or whereby, such efficiency or outcomes will certainly be attained. Positive info, consisting of assumptions pertaining to functional as well as monetary enhancements as well as the Firm’s future efficiency or outcomes go through dangers as well as unpredictabilities that might trigger real efficiency or results to vary materially from those shared in the declaration. Essential elements, consisting of threat elements, might impact the Firm’s as well as its subsidiaries’ future outcomes as well as might trigger those outcomes or various other results to vary materially from those shared or suggested in the progressive declarations. Info pertaining to threat elements as well as various other cautionary info are offered in the Firm’s Yearly Record on Type 10-K for 2021, which was submitted with the SEC on February 4, 2022 The Firm updates info pertaining to threat elements if conditions call for such updates in its routine records on Type 10-Q as well as its succeeding Yearly Records on Type 10-K (or such various other records that might be submitted with the SEC).
Positive declarations talk just since, as well as are based just upon info offered on, the day the declarations were made. The Firm thinks no commitment to upgrade progressive info to mirror real outcomes, adjustments in presumptions, or adjustments in various other elements impacting progressive info. If the Firm does upgrade several progressive declarations, no reasoning ought to be attracted that the Firm will certainly make extra updates with regard thereto or relative to various other progressive declarations. Referrals to our web site are offered benefit as well as, for that reason, info on or offered via the web site is not, as well as ought to not be considered to be, included by recommendation here.
UNION PACIFIC COMPANY AS WELL AS SUBSIDIARY FIRMS Compressed Consolidated Statements of Revenue (unaudited)
|
||||||||||||||||||||||||
Many Millions, Other Than Per Share Quantities as well as |
fourth Quarter |
Complete Year |
||||||||||||||||||||||
Percents, Through Finished December 31, |
2022 |
2021 |
% |
2022 |
2021 |
% |
||||||||||||||||||
Operating Incomes |
||||||||||||||||||||||||
Products earnings |
$ |
5,768 |
$ |
5,297 |
9 |
% |
$ |
23,159 |
$ |
20,244 |
14 |
% |
||||||||||||
Various other earnings |
412 |
436 |
( 6 ) |
1,716 |
1,560 |
10 |
||||||||||||||||||
Overall running earnings |
6,180 |
5,733 |
8 |
24,875 |
21,804 |
14 |
||||||||||||||||||
Operating Budget |
||||||||||||||||||||||||
Payment as well as advantages |
1,174 |
1,070 |
10 |
4,645 |
4,158 |
12 |
||||||||||||||||||
Gas |
853 |
597 |
43 |
3,439 |
2,049 |
68 |
||||||||||||||||||
Bought solutions as well as products |
633 |
538 |
18 |
2,442 |
2,016 |
21 |
||||||||||||||||||
Devaluation |
569 |
556 |
2 |
2,246 |
2,208 |
2 |
||||||||||||||||||
Tools as well as various other leas |
238 |
230 |
3 |
898 |
859 |
5 |
||||||||||||||||||
Various Other |
301 |
302 |
– |
1,288 |
1,176 |
10 |
||||||||||||||||||
Overall general expenses |
3,768 |
3,293 |
14 |
14,958 |
12,466 |
20 |
||||||||||||||||||
Operating Revenue |
2,412 |
2,440 |
( 1 ) |
9,917 |
9,338 |
6 |
||||||||||||||||||
Various other earnings, web |
92 |
83 |
11 |
426 |
297 |
43 |
||||||||||||||||||
Rate of interest expenditure |
( 333 ) |
( 295 ) |
13 |
( 1,271) |
( 1,157) |
10 |
||||||||||||||||||
Revenue prior to earnings tax obligations |
2,171 |
2,228 |
( 3 ) |
9,072 |
8,478 |
7 |
||||||||||||||||||
Revenue tax obligations |
( 533 ) |
( 517 ) |
3 |
( 2,074) |
( 1,955) |
6 |
||||||||||||||||||
Earnings |
$ |
1,638 |
$ |
1,711 |
( 4 ) |
$ |
6,998 |
$ |
6,523 |
7 |
||||||||||||||
Share as well as Per Share |
||||||||||||||||||||||||
Incomes per share – fundamental |
$ |
2.67 |
$ |
2.67 |
– |
% |
$ |
11.24 |
$ |
9.98 |
13 |
% |
||||||||||||
Incomes per share – weakened |
$ |
2.67 |
$ |
2.66 |
– |
$ |
11.21 |
$ |
9.95 |
13 |
||||||||||||||
Heavy ordinary variety of shares – fundamental |
612.7 |
640.4 |
( 4 ) |
622.7 |
653.8 |
( 5 ) |
||||||||||||||||||
Heavy ordinary variety of shares – weakened |
613.7 |
642.1 |
( 4 ) |
624.0 |
655.4 |
( 5 ) |
||||||||||||||||||
Returns proclaimed per share |
$ |
1.30 |
$ |
1.18 |
10 |
$ |
5.08 |
$ |
4.29 |
18 |
||||||||||||||
Operating Proportion |
61.0 |
% |
57.4 |
% |
3.6 |
pts |
60.1 |
% |
57.2 |
% |
2.9 |
pts |
||||||||||||
Efficient Tax Obligation Price |
24.6 |
% |
23.2 |
% |
1.4 |
22.9 |
% |
23.1 |
% |
( 0.2 ) |
UNION PACIFIC COMPANY AS WELL AS SUBSIDIARY FIRMS Products Incomes Data (unaudited)
|
||||||||||||||||||||||||
fourth Quarter |
Complete Year |
|||||||||||||||||||||||
Through Finished December 31, |
2022 |
2021 |
% |
2022 |
2021 |
% |
||||||||||||||||||
Products Incomes (Millions) |
||||||||||||||||||||||||
Grain & & grain items |
$ |
974 |
$ |
889 |
10 |
% |
$ |
3,598 |
$ |
3,181 |
13 |
% |
||||||||||||
Plant Food |
171 |
176 |
( 3 ) |
712 |
697 |
2 |
||||||||||||||||||
Food & & cooled |
265 |
259 |
2 |
1,093 |
998( & *) 10 |
Coal & renewables |
||||||||||||||||||
523 |
485 |
8 |
2,134 |
1,780 |
20 |
Mass |
||||||||||||||||||
1,933 |
1,809 |
7( & *) 7,537 |
6,656 |
13 |
Commercial chemicals & & plastics |
502 |
||||||||||||||||||
507 |
( 1) |
2,158 |
1,943 |
11 |
Metals & minerals |
548 |
||||||||||||||||||
481 |
14 |
2,196 |
1,811 |
21 |
Woodland items |
325 |
||||||||||||||||||
351 |
( 7) |
1,465 |
1,357 |
8 |
Power & specialized markets |
624 |
||||||||||||||||||
558 |
12 |
2,386 |
2,212 |
8 |
Industrial |
1,999 |
||||||||||||||||||
1,897 |
5 |
8,205 |
7,323 |
12 |
Automotive |
594 |
||||||||||||||||||
469 |
27 |
2,257 |
1,761 |
28 |
Intermodal |
1,242 |
||||||||||||||||||
1,122 |
11 |
5,160 |
4,504 |
15 |
Costs |
1,836 |
||||||||||||||||||
1,591 |
15 |
7,417 |
6,265 |
18 & |
Overall |
$ |
||||||||||||||||||
5,768 |
$ |
5,297 |
9 & |
% |
$ |
23,159 |
$ |
20,244 |
14 |
% |
Profits Carloads( Thousands) |
Grain & grain items( & *) 208 |
||||||||||||
213 |
||||||||||||||||||||||||
( 2 ) |
% |
798 |
805 |
( 1)( & *)% |
Plant Food |
41 |
48 |
( 15) |
||||||||||||||||
190 |
201 |
( 5) |
Food & cooled |
44 |
48 |
( 8) |
||||||||||||||||||
187 |
189 |
( 1) |
Coal & renewables |
215 |
215 |
– |
||||||||||||||||||
885 |
819 |
8 |
Mass |
508 |
524 |
( 3) |
||||||||||||||||||
2,060 |
2,014 |
2 |
Commercial chemicals & plastics |
151 |
157 |
( 4) |
||||||||||||||||||
637 |
606 |
5 |
Metals & minerals |
196(* & )181 |
8 |
785 |
||||||||||||||||||
697 |
13 |
Woodland items |
52 |
63 |
( 17) |
241 |
||||||||||||||||||
250 |
( 4) |
Power & specialized markets |
140 |
137 |
2 |
552 |
||||||||||||||||||
559 & |
( 1) |
Industrial |
539 |
538 |
– |
2,215 |
||||||||||||||||||
2,112 |
5 |
Automotive |
198 |
& 182 |
9 |
778 |
||||||||||||||||||
701 |
11 |
Intermodal & |
743 |
728 |
2 |
3,116 |
||||||||||||||||||
3,211[a] |
( 3) |
Costs |
941 |
910 |
3 |
3,894( & *) 3,912 |
||||||||||||||||||
– |
Overall |
1,988 |
1,972 |
1 |
% |
8,169 |
||||||||||||||||||
8,038 |
2 |
% |
Ordinary Profits per Auto |
Grain & grain items |
$ |
4,681 |
$ |
4,187 |
||||||||||||||||
12 |
||||||||||||||||||||||||
% |
$ |
4,509 |
$ |
3,953 |
14 |
% |
Plant Food |
4,167 |
3,705 |
12 |
3,749 |
3,470 |
||||||||||||
8 |
Food & cooled |
5,957 |
5,409 |
10 |
5,844(* )5,279 |
11 |
||||||||||||||||||
Coal & renewables |
2,431 |
2,251 |
8 |
2,410 |
2,173 |
11 |
||||||||||||||||||
Mass |
3,799 |
3,457 |
10 |
3,658 |
3,305 |
11 |
||||||||||||||||||
Commercial chemicals & plastics |
3,335 |
3,242 |
3 |
3,388 |
3,207 |
6 |
||||||||||||||||||
Metals & minerals |
2,790 |
2,659 |
5 |
2,797 |
2,598 |
8 |
||||||||||||||||||
Woodland items |
6,264 |
5,521 |
13 |
6,092 |
5,424 |
12 |
||||||||||||||||||
Power & specialized markets |
4,459 |
4,054 |
10 |
4,320 |
3,956 |
9 |
||||||||||||||||||
Industrial |
3,711 |
3,522 |
5 |
3,704 |
3,467 |
7 |
||||||||||||||||||
Automotive |
3,007 |
2,576 |
17 |
2,902 |
2,511 |
16 |
||||||||||||||||||
Intermodal |
1,672 |
1,541 |
9 |
1,656 |
1,403 |
18(* )Costs |
||||||||||||||||||
1,953[a] |
1,748 |
12 |
1,905 |
1,601 |
19 |
Ordinary |
||||||||||||||||||
$ |
2,902 |
$ |
2,686 |
8 |
% |
$ |
||||||||||||||||||
2,835 |
$ |
2,519 |
13 |
% |
For intermodal deliveries each container or trailer amounts to one carload. |
UNION PACIFIC COMPANY AS WELL AS SUBSIDIARY FIRMS |
Compressed Consolidated Statements of Financial Placement( unaudited) |
|
Dec. 31, |
Dec. 31, |
Many Millions, Other Than Percents |
2022 |
||||||||||||
[a] |
2021 |
Properties Cash money as well as money matchings $ |
||||||||
973(* )$ |
960 |
|||||||
Temporary financial investments |
46 |
46 |
||||||
Various other present possessions (* )2,933 |
||||||||
2,545 |
Investments |
2,375 |
2,241 |
Qualities, web |
||||
56,038 |
54,871 |
Operating lease possessions |
||||||
1,672 |
1,787 |
Various other possessions |
||||||
1,412 |
1,075 |
Overall possessions |
||||||
$ |
65,449 |
$ |
||||||
63,525 |
Responsibilities as well as Usual Investors’ Equity |
Financial debt due within one year(* )$ |
||||||
1,678 |
$(* )2,166(* )Various other present responsibilities |
3,842 |
||||||
3,578(* )Financial debt due after one year |
31,648 |
27,563 |
Operating lease responsibilities |
1,300(* )1,429(* )Deferred earnings tax obligations |
||||
13,033 |
||||||||
12,675 |
Various other lasting responsibilities |
1,785 |
1,953 |
Overall responsibilities |
||||
53,286 |
49,364 |
Overall usual investors’ equity |
||||||
12,163 |
14,161 |
Overall responsibilities as well as usual investors’ equity |
||||||
$ |
65,449 |
$ |
||||||
63,525 |
Return typically Usual Investors’ Equity |
53.2 |
||||||
% |
41.9(* )% |
Return on Invested Resources as Adjusted( ROIC) * |
||||||
17.3 |
% |
16.4 |
||||||
% |
* |
ROIC is a non-GAAP step; nonetheless, monitoring thinks that it is a vital step in assessing the performance as well as performance of our lasting capital expense. See web page 9 for a settlement to GAAP. |
||||||
UNION PACIFIC COMPANY AS WELL AS SUBSIDIARY FIRMS |
Compressed Consolidated Statements of Cash money Flows( unaudited) |
|
Many Millions, |
Complete Year |
||||
Through Finished December 31, |
2022 |
2021 |
Operating Tasks |
Earnings |
||||
$ |
6,998 |
$ |
6,523 |
Devaluation |
2,246 |
2,208 |
Deferred as well as various other earnings tax obligations 262 154 |
||||||||
Various other -web |
( 144) |
|||||||
147(* )Cash money offered by running tasks |
9,362 |
9,032 |
||||||
Spending Tasks |
||||||||
Capital expense * |
( 3,620) |
( 2,936)(* )Maturations of temporary financial investments |
46 |
94 |
||||
Acquisitions of temporary financial investments |
( 46) |
( 70) |
||||||
Various other -web |
149 |
203 |
||||||
Cash money utilized in spending tasks |
( 3,471) |
( 2,709)(* )Funding Tasks |
||||||
Share redeemed programs(* )( 6,282) |
( 7,291 ) |
Financial debt released(* )6,080(* )4,201 |
||||||
Dividends paid |
||||||||
( 3,159 ) |
( 2,800) |
Financial debt paid off |
||||||
( 2,291)(* )( 1,299 ) |
Internet issuance of business paper |
( 205) |
||||||
325 |
Financial debt exchange |
– |
||||||
( 270 ) |
Various other -web |
( 30 ) |
||||||
( 24 ) |
Cash money utilized in funding tasks |
( 5,887) (* )( 7,158) |
||||||
Internet Adjustment in Money, Money Matchings, as well as Restricted Money(* )4 |
||||||||
( 835)(* )Cash money, money matchings, as well as limited money at start of year |
983 |
1,818 |
||||||
Cash money, money matchings, as well as limited money at end of year |
$ |
987 |
||||||
$ |
983 |
Free Capital ** |
||||||
Cash money offered by running tasks |
$(* )9,362(* )$ |
9,032 |
||||||
Cash money utilized in spending tasks |
( 3,471 ) |
( 2,709) |
||||||
Dividends paid |
( 3,159) |
( 2,800) |
||||||
Totally free capital |
$ |
2,732 |
||||||
$ |
3,523 |
* |
||||||
Capital expense consist of engine as well as products vehicle very early lease acquistions of$ 70 million in 2022 as well as$ 34 million in 2021. |
** |
Totally free capital is a non-GAAP step; nonetheless, our team believe this step is very important to monitoring as well as capitalists in assessing our monetary efficiency as well as determines our capacity to create money without extra exterior funding. |
||||||
UNION PACIFIC COMPANY AS WELL AS SUBSIDIARY FIRMS |
Operating as well as Efficiency Data( unaudited) |
|
||||||
fourth Quarter |
Complete Year |
Through Finished December 31, |
2022 |
2021 |
||||
% |
||||||||
2022 |
2021 |
% |
Operating/Performance Data |
Products vehicle speed( day-to-day miles per vehicle )*(* )191 |
||||
197 |
( 3) |
% |
||||||
191 |
203 |
( 6 ) |
||||||
% |
Ordinary train rate( miles per hr) * |
23.8 |
24.2(* )( 2) |
23.8 |
24.6 |
( 3) |
Ordinary incurable dwell time( hrs) * |
24.5 |
24.4 – 24.4 |
||||||||||||||||||||||||
23.7 |
3 |
|||||||||||||||||||||||
Locomotive performance( GTMs per horse power day) |
123 |
129 |
( 5) |
125 |
133 |
( 6) |
||||||||||||||||||
Gross ton-miles( GTMs)( millions)(* )208,949 |
||||||||||||||||||||||||
209,970 |
– |
843,443 |
817,919 |
3 |
Train size( feet) |
9,191 |
9,319 |
( 1) |
||||||||||||||||
9,329 |
9,334 |
– |
Intermodal vehicle journey prepare conformity (%) ** |
73 |
78 |
( 5) |
||||||||||||||||||
pts |
67 |
73 |
( 6) |
pts |
Manifest/Automotive vehicle journey prepare conformity(%) ** |
58 |
||||||||||||||||||
58 |
– |
pts |
59 |
63 |
( 4 ) |
pts |
||||||||||||||||||
Labor force performance( vehicle miles per worker) |
1,010 |
1,046 |
( 3) |
1,036 |
1,038( & *)- |
Overall staff members( standard) |
||||||||||||||||||
31,120 |
29,989 |
4 |
& 30,717 |
29,905 |
3 |
Engine Gas Data |
||||||||||||||||||
Ordinary gas cost per gallon taken in |
$ |
3.70 |
$ |
2.53 |
46 |
% |
$ |
3.65 |
||||||||||||||||
$(* &) 2.23 |
64 |
% |
Gas eaten in gallons( millions) |
222 |
& 228 |
( 3) |
909 |
888 |
||||||||||||||||
2 |
Gas intake price *** |
1.064 |
1.088 |
( 2) |
& 1.078 |
1.086 |
||||||||||||||||||
( 1) |
Profits Ton-Miles( Millions) |
Grain & grain items |
20,683 |
21,656 |
( 4) |
% |
||||||||||||||||||
79,725 |
||||||||||||||||||||||||
79,520 |
– |
% |
Plant Food |
2,701 |
3,185 |
( 15) |
11,769 |
12,387 |
( 5 ) |
Food & cooled |
4,576 |
4,651 |
||||||||||||
( 2) |
17,965 |
18,475 |
( 3) |
Coal & renewables |
21,847 |
22,795 |
||||||||||||||||||
( 4) |
91,824 |
85,586 |
7 |
Mass |
49,807 |
52,287 |
||||||||||||||||||
( 5 ) |
||||||||||||||||||||||||
201,283 |
195,968 |
3 |
Commercial chemicals & plastics |
6,626 |
7,257 |
( 9) |
29,572(* )30,048(* )( 2) |
Metals & minerals |
||||||||||||||||
9,367 |
8,611 |
9 |
37,827 |
32,993 |
15 |
Woodland items |
||||||||||||||||||
5,546 |
6,458 (* )( 14) |
25,438 |
25,863 |
( 2) |
Power & specialized markets |
9,575 |
||||||||||||||||||
9,420 |
2 |
37,068 |
37,902(* )( 2) |
Industrial |
31,114 |
31,746 |
||||||||||||||||||
( 2) |
129,905 |
126,806 |
2 |
Automotive |
4,384 |
3,830 |
||||||||||||||||||
14 |
17,018 |
14,879 |
14 |
Intermodal |
17,622(* )16,977 |
4 |
||||||||||||||||||
72,546 |
73,620 |
( 1) |
Costs |
22,006 |
20,807 |
6 |
||||||||||||||||||
89,564 |
88,499 |
1 |
Overall |
102,927 |
104,840 |
( 2) |
||||||||||||||||||
% |
420,752 |
411,273 |
2 |
% |
* |
Surface Area Transport Board( STB) reported efficiency procedures. |
||||||||||||||||||
** |
Technique utilized to record is not equivalent with the reporting to the STB under docket number EP 770. |
*** |
Gas intake is calculated as complies with: gallons of gas taken in separated by gross ton-miles in thousands. |
UNION PACIFIC COMPANY AS WELL AS SUBSIDIARY FIRMS |
Compressed Consolidated Statements of Revenue( unaudited) |
|
||||||||||||||||||
Many Millions, |
2022 |
Other Than Per Share Quantities as well as Percents, |
first Qtr |
second Qtr |
third Qtr |
fourth Qtr |
||||||||||||||||||
Complete Year |
Operating Incomes |
Products earnings |
$ |
5,440 |
$ |
5,842 |
||||||||||||||||||
$ |
6,109 |
$ |
5,768 |
$ |
23,159 |
Various other earnings |
||||||||||||||||||
420 |
427 |
457 |
412 |
1,716 |
Overall running earnings |
5,860 |
6,269 |
6,566 |
6,180 |
24,875 |
Operating Budget |
Payment as well as advantages |
1,101 |
1,092 |
1,278 1,174 4,645 |
||||||||||||||||||||
Gas |
714 |
|||||||||||||||||||
940 |
932 |
853 |
3,439 |
Bought solutions as well as products |
561 |
|||||||||||||||
622 |
||||||||||||||||||||
626 |
633 |
2,442 |
Devaluation |
555 |
559 |
563 |
569 |
2,246 |
Tools as well as various other leas |
215 |
||||||||||
230 |
215(* )238(* )898 |
Various Other |
337 |
331 |
319 |
|||||||||||||||
301 |
1,288 |
Overall general expenses |
3,483 |
3,774 |
3,933(* )3,768 |
|||||||||||||||
14,958 |
||||||||||||||||||||
Operating Revenue |
2,377 |
2,495 |
2,633 |
2,412 |
9,917 |
|||||||||||||||
Various other earnings, web |
47(* )163 |
124 |
92 |
426 |
Rate of interest expenditure |
|||||||||||||||
( 307) |
( 316) |
( 315) |
( 333) |
( 1,271) |
Revenue prior to earnings tax obligations |
|||||||||||||||
2,117 |
2,342 |
2,442 |
2,171 |
9,072 |
Revenue tax obligations |
|||||||||||||||
( 487) |
( 507) |
( 547) |
( 533) |
( 2,074) |
Earnings |
|||||||||||||||
$ |
1,630 |
$ |
1,835 |
$ |
1,895 |
|||||||||||||||
$ |
1,638(* )$ |
6,998 |
Share as well as Per Share |
Incomes per share- fundamental |
$ |
|||||||||||||||
2.58 |
$ |
2.93 |
$ |
3.05 |
$ |
|||||||||||||||
2.67( & *)$ |
11.24 |
Incomes per share- weakened |
$ |
2.57 |
$ |
|||||||||||||||
2.93 |
$ |
3.05 |
$ |
2.67 |
$ |
|||||||||||||||
11.21 |
Heavy ordinary variety of shares -fundamental |
632.2 |
625.6 |
620.4 |
612.7 |
|||||||||||||||
622.7 |
Heavy ordinary variety of shares- weakened |
633.6 |
626.8 |
621.5 |
613.7 |
|||||||||||||||
624.0 |
Returns proclaimed per share |
$ |
1.18 |
$ |
1.30 |
$ |
1.30 |
$(* )1.30 |
$ |
5.08( & *) Operating Proportion |
||||||||||
59.4 |
||||||||||||||||||||
% |
60.2 |
%(* &) 59.9 |
% |
61.0 |
% |
60.1 |
% |
Efficient Tax Obligation Price |
23.0 |
% |
||||||||||
21.6 |
% |
22.4 |
%(* & )24.6 |
% |
22.9 |
% |
UNION PACIFIC COMPANY AS WELL AS SUBSIDIARY FIRMS |
Products Incomes Data( unaudited) |
|
2022 |
||||||||||
first Qtr |
second Qtr |
third Qtr |
fourth Qtr |
Complete Year |
Products Incomes( Millions) |
|||||||||||||||
Grain & grain items |
$ |
877 |
$ |
867 |
$ |
|||||||||||||||
880 |
$ |
974 |
$ |
3,598 |
Plant Food |
180 |
183 |
178 |
171 |
712(* & )Food & cooled |
||||||||||
267 |
271 |
290 |
265 |
1,093 |
Coal & renewables |
508 |
492 |
611( & *) 523 |
2,134 |
Mass |
||||||||||
1,832 |
1,813( & *) 1,959 |
1,933 |
7,537 |
Commercial chemicals & plastics |
520 |
557 |
579 |
502 |
2,158 |
Metals & minerals |
485 562 601 |
||||||||||||||||||||
548 |
||||||||||||||||||||
2,196 |
Woodland & items |
364 |
386 |
390 |
||||||||||||||||
325 |
||||||||||||||||||||
1,465 |
Power & specialized markets |
552 |
586 |
624 |
& 624 |
2,386 |
Industrial |
1,921 |
2,091 |
2,194 |
||||||||||
1,999 |
8,205 |
Automotive |
501 |
561 |
601 |
|||||||||||||||
594 |
2,257 |
Intermodal |
1,186 |
1,377 |
1,355 |
|||||||||||||||
1,242 |
5,160 |
Costs |
1,687 |
1,938 |
1,956 |
|||||||||||||||
1,836 |
7,417 |
Overall |
$ |
5,440 |
$ |
|||||||||||||||
5,842 |
$ |
6,109 |
5,768 |
23,159 |
Profits Carloads( Thousands) |
|||||||||||||||
Grain & grain items |
205 |
195(* & )190 |
208 |
798 |
Plant Food |
|||||||||||||||
45 |
53 |
51 |
41 |
190 |
Food & cooled |
|||||||||||||||
47(* &) 48 |
48 |
44 |
187 |
Coal & & renewables |
225 |
|||||||||||||||
202 |
243 |
215 |
885 |
Mass |
522 |
|||||||||||||||
498 |
532 |
508 |
2,060 |
Commercial chemicals & & plastics |
160 |
|||||||||||||||
161 |
165 |
151 |
637 |
Metals & & minerals |
182 |
|||||||||||||||
205 |
202 |
196 |
785 |
Woodland items |
64 |
|||||||||||||||
63 |
62 |
52 |
241 |
Power & & specialized markets |
131 |
141 |
140 |
140 |
||||||||||||
552 |
||||||||||||||||||||
Industrial |
537 |
570 |
569 |
539 |
2,215 |
|||||||||||||||
Automotive |
190 |
192 |
198 |
198 |
778 |
|||||||||||||||
Intermodal |
757 |
805 |
811 |
743 |
3,116 |
|||||||||||||||
Costs |
947 |
997 |
1,009 |
941 |
3,894 |
|||||||||||||||
Overall |
2,006 |
2,065 |
2,110 |
1,988 |
8,169 |
|||||||||||||||
Ordinary Profits per Auto |
Grain & grain items |
$ |
4,269 |
$ |
4,451 |
|||||||||||||||
$(* )4,641 |
$ |
4,681 |
$ |
4,509 |
Plant Food |
|||||||||||||||
4,016 |
3,437 |
3,504 |
4,167 |
3,749 |
Food & cooled |
|||||||||||||||
5,637 |
5,770(* )6,017 |
5,957 |
5,844 |
Coal & renewables |
2,262 |
|||||||||||||||
2,426(* )2,514(* )2,431 |
2,410 |
Mass |
3,508 |
3,642 |
3,685(* )3,799 |
|||||||||||||||
3,658 |
Commercial chemicals & plastics |
3,247 |
3,455 |
3,508 |
3,335 |
|||||||||||||||
3,388[a] |
Metals & minerals |
2,660(* )2,755 |
2,969 |
2,790 |
2,797 |
|||||||||||||||
Woodland items |
5,672 |
6,128 |
6,347 |
6,264 |
6,092 |
|||||||||||||||
Power & specialized markets |
4,219 |
4,161 |
4,434 |
4,459 |
4,320 |
|||||||||||||||
Industrial |
||||||||||||||||||||
3,574 |
3,674 |
3,852 |
3,711 |
3,704 |
Automotive |
2,640 |
2,919 |
3,030 |
3,007 |
2,902 |
||||||||||
Intermodal |
1,566 |
1,711 |
1,672 |
1,672 |
1,656 |
|||||||||||||||
Costs |
1,782 |
1,943 |
1,939 |
1,953 |
1,905 |
|||||||||||||||
Ordinary |
$ |
2,711 |
$ |
2,830 |
$ |
|||||||||||||||
2,895 |
$ |
2,902 |
$ |
2,835 |
For intermodal deliveries each container or trailer amounts to one carload. |
|||||||||||||||
UNION PACIFIC COMPANY AS WELL AS SUBSIDIARY FIRMS |
Non-GAAP Actions Settlement to GAAP |
|
Adjusted Financial Debt/ Adjusted EBITDA * |
Many Millions, Other Than Proportions |
Dec 31, |
|||||||||||||||
Dec 31, |
For the Twelve Months Finished |
2022 |
2021 |
Earnings(* )$ |
6,998 |
|||||||||||||||
$ |
6,523 |
Include: |
Revenue tax obligation expenditure |
2,074 |
1,955 |
|||||||||||||||
Devaluation |
2,246 |
2,208 |
Rate of interest expenditure |
1,271 |
1,157 |
|||||||||||||||
EBITDA |
$ |
12,589 |
$ |
11,843 |
Modifications:(* )Various other earnings, web |
|||||||||||||||
( 426) |
( 297) |
Rate of interest on running lease responsibilities ** |
54(* )56 |
Readjusted EBITDA |
$ |
|||||||||||||||
12,217[a] |
$(* )11,602 |
Financial Debt(* )$ |
33,326 |
$ |
29,729 |
|||||||||||||||
Operating lease responsibilities |
1,631 |
1,759 |
Unfunded pension plan as well as OPEB, web of tax obligation price of$ 0 as well as $0(* )- |
– |
Readjusted financial debt |
|||||||||||||||
$ |
34,957 |
$(* )31,488(* )Readjusted financial debt/ changed EBITDA |
2.9 |
2.7 |
Similar Adjusted Financial Debt/ Adjusted EBITDA * |
Dec 31, |
Dec 31, |
2022 |
2021 |
Readjusted financial debt/ Readjusted EBITDA |
[a] |
2.9 |
2.7(* )Variables Influencing Comparability: Labor amassing change (0.1) |
||||||||
N/A |
||||||||
Similar modified financial debt/ changed EBITDA * |
2.8 |
2.7 |
||||||
Previous durations were modified to comply with the present year discussion, which gets rid of the effect of pension plan as well as OPEB when the web quantity stands for a financed quantity. |
Modifications get rid of the effect of $69 million from take-home pay as well as$ 23 million from earnings tax obligation expenditure for the year finished December 31, 2022. See web page 10 for a settlement to GAAP.(* )* |
Overall financial debt plus operating lease responsibilities plus after-tax unfunded pension plan as well as various other postretirement advantage( OPEB) responsibilities separated by take-home pay plus earnings tax obligation expenditure, devaluation, amortization, rate of interest expenditure, as well as changes for various other earnings as well as rate of interest on running lease responsibilities. Readjusted financial debt to changed EBITDA( revenues prior to rate of interest, tax obligations, devaluation, amortization, as well as changes for various other earnings as well as rate of interest on running lease responsibilities) as well as equivalent modified financial debt to changed EBITDA are taken into consideration a non-GAAP monetary step by SEC Law G as well as Product 10 of SEC Law S-K as well as might not be specified as well as determined by various other firms similarly. Our team believe these procedures are necessary to monitoring as well as capitalists in assessing the Firm’s capacity to maintain offered financial debt degrees (consisting of leases) with the money created from procedures. On top of that, an equivalent step is utilized by ranking firms when assessing the Firm’s credit score ranking. Readjusted financial debt to changed EBITDA as well as equivalent modified financial debt to changed EBITDA ought to be taken into consideration along with, instead of as an alternative for, take-home pay. The tables over give a settlement from take-home pay to changed EBITDA, financial debt to changed financial debt, as well as changed financial debt to changed EBITDA to equivalent modified financial debt to changed EBITDA. At December 31, 2022 as well as 2021, the step-by-step interest rate on running lease responsibilities was 3.3% as well as 3.2 %, specifically. |
||||||
** |
Stands for the theoretical rate of interest expenditure we would certainly sustain( making use of the step-by-step interest rate) if the residential or commercial property under our operating leases were had or represented as financing leases. |
UNION PACIFIC COMPANY AS WELL AS SUBSIDIARY FIRMS |
Non-GAAP Actions Settlement to GAAP |
(* )Return typically Usual Investors’ Equity |
||||
Millions, Other Than Percents |
||||||||
2022 |
2021 |
Earnings |
||||||
$ |
6,998 |
$ |
||||||
6,523 |
Ordinary equity |
$ |
||||||
13,162 |
$ |
15,560 |
Return generally usual investors’ equity |
53.2 |
||||
% |
||||||||
41.9 |
% |
Return on Invested Resources as Adjusted (ROIC) * |
||||||
Many Millions, Other Than Percents |
2022 |
2021 |
||||||
Earnings |
$ |
6,998 |
$ |
6,523 |
||||
Rate of interest expenditure |
1,271 |
1,157 |
Rate of interest generally operating lease responsibilities |
56 |
||||
54 |
Tax obligations on rate of interest |
( 304 ) |
||||||
( 280 )[a] |
Internet operating earnings after tax obligations as changed |
$ |
||||||
8,021 |
$ |
7,454 |
Ordinary equity |
$ |
||||
13,162 |
$ |
15,560 |
||||||
Ordinary financial debt |
||||||||
31,528 |
28,229 |
|||||||
Ordinary operating lease responsibilities |
1,695 |
|||||||
1,682 |
Ordinary spent resources as changed |
$ |
||||||
46,385 |
||||||||
$[b] |
45,471 |
Return on spent resources as changed |
||||||
17.3 |
% |
16.4 |
[a] |
% |
[b] |
Similar Return on Invested Resources as Adjusted (Similar ROIC) * |
2022 |
2021 |
Return on spent resources as changed |
17.3 |
% 16.4 % |
||||||||
Variables Influencing Comparability: |
||||||||
Labor amassing change |
0.1 |
N/A |
||||||
Similar return on spent resources as changed |
17.4 |
% |
16.4 |
% |
||||
Modifications get rid of the effect of $69 million from both take-home pay for the year finished as well as investors’ equity since December 31, 2022. See web page 10 for a settlement to GAAP. |
* |
ROIC as well as equivalent ROIC are taken into consideration non-GAAP monetary procedures by SEC Law G as well as Product 10 of SEC Law S-K as well as might not be specified as well as determined by various other firms similarly. Our team believe these procedures are necessary to monitoring as well as capitalists in assessing the performance as well as performance of our lasting capital expense. On top of that, we presently utilize ROIC as an efficiency standard in identifying particular aspects of equity settlement for our execs. ROIC as well as equivalent ROIC ought to be taken into consideration along with, instead of as an alternative for, various other info offered based on GAAP. One of the most equivalent GAAP step is return generally usual investors’ equity. The tables over give settlements from return generally usual investors’ equity to ROIC as well as equivalent ROIC. At December 31, 2022 as well as 2021 |
, the step-by-step interest rate on running lease responsibilities was 3.3% |
as well as 3.2% |
||||
, specifically. |
UNION PACIFIC COMPANY AS WELL AS SUBSIDIARY FIRMS |
Non-GAAP Actions Settlement to GAAP |
|
Financial Efficiency * |
||||
Reported outcomes |
||||||||
Labor amassing |
Readjusted outcomes |
Many Millions, Other Than Per Share Quantities as well as Percents |
||||||
( GAAP) |
change |
( non-GAAP) |
For the Twelve Months Finished December 31, 2022 |
Payment as well as advantages expenditure |
||||
$ |
4,645 |
$ |
||||||
( 92 ) |
$ |
4,553 |
||||||
Overhead |
14,958 |
( 92 ) |
||||||
14,866 |
Operating earnings |
9,917 |
92 |
10,009 |
||||
Revenue tax obligations |
( 2,074) |
( 23 ) |
( 2,097) |
Earnings |
||||
6,998 |
69 |
7,067 |
||||||
Thinned Down EPS |
11.21 |
0.12 |
||||||
11.33 |
Operating proportion |
60.1 |
% |
( 0.3 ) |
||||
pts |
59.8 |
% |
Since December 31, 2022 |
Investors’ equity |
$ |
||||||||
12,163 |
$ |
|||||||
69 |
$ |
12,232 |
* |
The over table resolves our outcomes for the twelve months finished and also since December 31, 2022, to readjust outcomes that leave out the effect of particular products determined as impacting comparability. We utilize changed settlement as well as advantages expenditure, changed running expenditure, changed operating earnings, modified earnings tax obligations, changed take-home pay, changed watered down revenues per share (EPS), changed running proportion, as well as changed investors’ equity, as appropriate, to name a few procedures, to assess our real operating efficiency. We think these non-GAAP monetary procedures give beneficial info pertaining to revenues as well as service patterns by omitting details products that our team believe are not a sign of our continuous operating outcomes of our service, supplying a helpful method for capitalists to make a contrast of our efficiency with time as well as versus various other firms in our sector. Given that these are not procedures of efficiency determined based on GAAP, they ought to be taken into consideration along with, instead of as an alternative for, settlement as well as advantages expenditure, running expenditure, running earnings, earnings tax obligations, take-home pay, weakened EPS, running proportion, as well as investors’ equity as signs of running efficiency. |
||||
Resource Union Pacific Company |
||||||||
|