Balance Sheet: Assets

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Union Pacific Corp., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	1,016)	1,055)	973)	960)	1,799)
Short-term investments	20)	16)	46)	46)	60)
Accounts receivable, net	1,894)	2,073)	1,891)	1,722)	1,505)
Materials and supplies	769)	743)	741)	621)	638)
Other current assets	322)	261)	301)	202)	212)
Current assets	4,021)	4,148)	3,952)	3,551)	4,214)
Investments	2,664)	2,605)	2,375)	2,241)	2,164)
Properties, net	58,343)	57,398)	56,038)	54,871)	54,161)
Operating lease assets	1,297)	1,643)	1,672)	1,787)	1,610)
Other assets	1,390)	1,338)	1,412)	1,075)	249)
Long-term assets	63,694)	62,984)	61,497)	59,974)	58,184)
Total assets	67,715)	67,132)	65,449)	63,525)	62,398)

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: There was a noticeable decline from 1799 million USD in 2020 to 960 million USD in 2021, followed by a slight recovery to 1055 million USD in 2023. However, this was followed by a minor decrease to 1016 million USD in 2024, indicating overall volatility with a downward tendency after the initial drop.
Short-term Investments: Short-term investments remained relatively low and stable with a slight decrease from 60 million USD in 2020 to 16 million USD in 2023, before a modest increase to 20 million USD in 2024. The level of these investments is minimal in comparison to other asset categories.
Accounts Receivable, Net: This asset category exhibited consistent growth from 1505 million USD in 2020 to a peak of 2073 million USD in 2023, with a decrease to 1894 million USD in 2024. The upward trend over most years suggests increasing credit sales or extended payment terms, with a slight retraction in the last period.
Materials and Supplies: Values showed moderate growth from 638 million USD in 2020 to 769 million USD in 2024, indicating gradual accumulation or purchasing increases of inventory or materials over the five-year span.
Other Current Assets: This category fluctuated, starting at 212 million USD in 2020, dipping to 202 million USD in 2021, rising sharply to 301 million USD in 2022, declining again to 261 million USD in 2023, and increasing to 322 million USD in 2024. The variability suggests irregularity in miscellaneous current assets.
Current Assets: Current assets declined significantly from 4214 million USD in 2020 to 3551 million USD in 2021, then experienced a recovery pattern, rising to 4148 million USD in 2023 before a slight decrease to 4021 million USD in 2024. Overall, the current asset base shows resilience after an initial drop.
Investments: Investments steadily increased each year, from 2164 million USD in 2020 to 2664 million USD in 2024, indicating a continuous allocation of resources into investment holdings.
Properties, Net: Net properties displayed consistent growth annually, from 54161 million USD in 2020 up to 58343 million USD in 2024. This steady increase reflects ongoing capital expenditure or asset appreciation in fixed properties.
Operating Lease Assets: Operating lease assets initially rose from 1610 million USD in 2020 to 1787 million USD in 2021 but then gradually declined each year to 1297 million USD by 2024, suggesting asset disposals or lease terminations over time.
Other Assets: There was a significant increase from 249 million USD in 2020 to 1075 million USD in 2021 followed by further increases reaching 1412 million USD in 2022, with slight declines thereafter, stabilizing around 1390 million USD in 2024. The large jump in 2021 indicates a one-time or exceptional recognition of other assets.
Long-term Assets: Long-term assets steadily expanded from 58184 million USD in 2020 to 63694 million USD in 2024, supporting the trend of increasing property and investment holdings with minor fluctuations in certain asset categories.
Total Assets: Total assets followed an upward trend overall, moving from 62398 million USD in 2020 to 67715 million USD in 2024. Although growth was modest, it reflects consistent asset base expansion over the period.

Assets: Selected Items

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Current Assets: Selected Items

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Union Pacific Corp. (NYSE:UNP)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items