Stock Analysis on Net

Union Pacific Corp. (NYSE:UNP)

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Common-Size Balance Sheet: Assets

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Union Pacific Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Materials and supplies
Other current assets
Current assets
Investments
Properties, net
Operating lease assets
Other assets
Long-term assets
Total assets

Based on: 10-K (reporting date: 2024-12-31), 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).


Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets decreased from 2.88% in 2020 to about 1.5% in 2024, showing a declining trend primarily between 2020 and 2021 with stabilization thereafter.
Short-term Investments
Short-term investments consistently represented a very small share of total assets, decreasing slightly from 0.10% in 2020 to 0.03% in 2024, indicating minimal allocation to this asset category.
Accounts Receivable, Net
The share of accounts receivable relative to total assets showed a steady increase from 2.41% in 2020 to a peak of 3.09% in 2023, with a slight drop to 2.8% in 2024, suggesting a general growth in receivable balances over the period.
Materials and Supplies
Materials and supplies as a percentage of total assets remained relatively stable around 1%, with a minor increase from 1.02% in 2020 to 1.14% in 2024, demonstrating little fluctuation and stable inventory investment levels.
Other Current Assets
This category displayed a slight upward trend, rising from 0.34% in 2020 to 0.48% in 2024, although with minor fluctuations, indicating incremental growth in miscellaneous current asset components.
Current Assets
The combined current assets decreased from 6.75% to 5.94% of total assets between 2020 and 2024, with the lowest point in 2021 at 5.59%, reflecting a modest decline in the liquidity portion of the asset structure.
Investments
Longer-term investments showed a gradual increase over time, from 3.47% in 2020 to 3.93% in 2024, indicating a slight shift toward higher investment holdings within total assets.
Properties, Net
The net properties asset category consistently comprised the majority of total assets, holding around 86% throughout the period, with a minor dip to 85.5% in 2023 but recovering to 86.16% in 2024, reflecting the company's asset-heavy investment landscape.
Operating Lease Assets
Operating lease assets decreased steadily from 2.58% in 2020 to 1.92% in 2024, showing a reduction in leased asset holdings or lease capitalization over time.
Other Assets
Other assets exhibited an increase from 0.40% in 2020 to slightly above 2% starting in 2021 and remained stable through 2024, suggesting the incorporation or reclassification of additional asset types in this category.
Long-term Assets
The portion of long-term assets as a percentage of total assets stayed consistently high, ranging between 93.25% and 94.41% over the period, indicating a predominantly long-term capital structure.
Total Assets
Total assets naturally summed to 100% for all periods, serving as the constant denominator for relative measures reviewed.