Balance Sheet: Assets
Quarterly Data
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.
Paying user area
Try for free
Union Pacific Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Union Pacific Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Union Pacific Corp., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
Total assets exhibit a consistent growth trajectory, increasing from $61.79 billion in March 2021 to $69.64 billion by March 2026. This expansion is primarily driven by a steady increase in long-term capital investments, while current assets remain relatively stable with periodic fluctuations.
- Liquidity and Current Asset Trends
- Cash and cash equivalents demonstrate significant quarterly volatility, with peaks reaching $1.41 billion in March 2024 and lows descending to $735 million in March 2026. A shift in liquidity management is observable in the final two quarters, characterized by the introduction of short-term investments totaling $300 million by March 2026.
- Accounts receivable, net, show a gradual upward trend, rising from $1.61 billion in March 2021 to $1.99 billion in March 2026, suggesting a growth in credit-based revenue or an increase in billing cycles.
- Materials and supplies have remained relatively range-bound, though a slight long-term increase is noted, moving from $659 million to $838 million over the analyzed period.
- Long-term Asset Composition
- Properties, net, represent the most substantial component of the balance sheet and the primary driver of total asset growth. This figure increased steadily from $54.06 billion in March 2021 to $59.96 billion in March 2026, reflecting continuous capital expenditure in infrastructure.
- Operating lease assets exhibit a persistent downward trend, declining from $1.58 billion in March 2021 to $907 million in March 2026, indicating a reduction in the company's reliance on leased assets.
- Other assets experienced a significant structural increase, rising from $264 million in early 2021 to $1.61 billion by March 2026, with a notable step-up occurring between September and December 2021.
- Investments grew consistently from $2.17 billion to $2.95 billion, contributing to the overall expansion of the long-term asset base.
The balance sheet reflects a strategic prioritization of fixed asset accumulation. The widening gap between current assets and long-term assets underscores a capital-intensive operational model, where growth is centered on the expansion and maintenance of physical properties rather than the accumulation of liquid current assets.