Stock Analysis on Net

Union Pacific Corp. (NYSE:UNP)

Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Union Pacific Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable 856 784 752 612 749
Income and other taxes payable 685 628 823 635 496
Compensation-related accruals 533 938 654 340 370
Interest payable 389 379 330 326 289
Current operating lease liabilities 355 331 330 321 362
Accrued casualty costs 307 242 187 177 190
Equipment rents payable 98 109 98 101 100
Other 460 431 404 592 538
Accounts payable and other current liabilities 3,683 3,842 3,578 3,104 3,094
Debt due within one year 1,423 1,678 2,166 1,069 1,257
Current liabilities 5,106 5,520 5,744 4,173 4,351
Debt due after one year 31,156 31,648 27,563 25,660 23,943
Noncurrent operating lease liabilities 1,245 1,300 1,429 1,283 1,471
Deferred income taxes 13,123 13,033 12,675 12,247 11,992
Other long-term liabilities 1,714 1,785 1,953 2,077 1,788
Long-term liabilities 47,238 47,766 43,620 41,267 39,194
Total liabilities 52,344 53,286 49,364 45,440 43,545
Common shares, $2.50 par value 2,782 2,782 2,781 2,781 2,780
Paid-in-surplus 5,193 5,080 4,979 4,864 4,523
Retained earnings 62,093 58,887 55,049 51,326 48,605
Treasury stock (54,666) (54,004) (47,734) (40,420) (36,424)
Accumulated other comprehensive loss (614) (582) (914) (1,593) (1,356)
Common shareholders’ equity 14,788 12,163 14,161 16,958 18,128
Total liabilities and common shareholders’ equity 67,132 65,449 63,525 62,398 61,673

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Union Pacific Corp. current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Union Pacific Corp. long-term liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Union Pacific Corp. total liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Common shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Union Pacific Corp. common shareholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.