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Union Pacific Corp. (UNP)


Common-Size Income Statement

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Union Pacific Corp., Common-Size Consolidated Income Statement

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12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Freight revenues 93.66 93.39 93.28 93.51 94.05
Other revenues 6.34 6.61 6.72 6.49 5.95
Operating revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Fuel -11.09 -8.90 -7.47 -9.23 -14.75
Purchased services and materials -10.70 -11.13 -11.32 -11.10 -10.66
Cost of operating revenues -21.79% -20.03% -18.79% -20.33% -25.42%
Gross profit 78.21% 79.97% 81.21% 79.67% 74.58%
Compensation and benefits -22.14 -23.47 -23.82 -23.66 -21.16
Depreciation -9.60 -9.91 -10.22 -9.22 -7.94
Equipment and other rents -4.70 -4.18 -5.70 -5.64 -5.14
Other -4.48 -4.46 -5.00 -4.24 -3.85
Operating income 37.30% 37.95% 36.47% 36.91% 36.49%
Rental income 0.53 0.84 0.48 0.44 0.40
Early extinguishment of debt -0.37 0.00 0.00 0.00 0.00
Net gain on non-operating asset dispositions 0.13 0.52 0.47 0.66 0.29
Interest income 0.13 0.08 0.06 0.02 0.02
Net periodic pension and OPEB 0.06 0.00 0.00 0.00 0.00
Non-operating environmental costs and other -0.07 -0.07 -0.05 -0.09 -0.08
Other income 0.41% 1.37% 0.96% 1.04% 0.63%
Interest expense -3.81 -3.39 -3.50 -2.85 -2.34
Income before income taxes 33.90% 35.93% 33.93% 35.10% 34.78%
Income tax (expense) benefit -7.77 14.50 -12.70 -13.22 -13.19
Net income 26.13% 50.43% 21.23% 21.88% 21.59%

Based on: 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-02-05), 10-K (filing date: 2015-02-06).

Item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Union Pacific Corp.’s operating income as a percentage of operating revenues increased from 2016 to 2017 but then slightly declined from 2017 to 2018.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Union Pacific Corp.’s income before income taxes as a percentage of operating revenues increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Union Pacific Corp.’s net income as a percentage of operating revenues increased from 2016 to 2017 but then slightly declined from 2017 to 2018 not reaching 2016 level.