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Union Pacific Corp. (NYSE:UNP)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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 (quarterly data)

US$ in millions

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Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Cash and cash equivalents 831  1,250  1,049  1,059  1,273  1,810  1,604  1,048  1,275  1,847  1,286  1,049  1,277  1,909  1,830  2,673  1,391  1,078  2,041  1,587 
Short-term investments 60  60  60  60  60  90  90  90  90  90  90  90  60  330  330  —  —  —  —  — 
Accounts receivable, net 1,595  1,650  1,809  1,672  1,755  1,792  1,634  1,571  1,493  1,428  1,357  1,279  1,258  1,351  1,373  1,355  1,356  1,508  1,513  1,564 
Materials and supplies 751  771  775  780  742  789  772  808  749  742  726  760  717  690  660  716  736  741  762  744 
Current deferred income taxes —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  218  235  250 
Other current assets 222  342  393  382  333  335  394  380  399  342  410  410  284  322  373  339  647  397  432  334 
Current assets 3,459  4,073  4,086  3,953  4,163  4,816  4,494  3,897  4,006  4,449  3,869  3,588  3,596  4,602  4,566  5,083  4,130  3,942  4,983  4,479 
Investments 2,050  2,003  1,989  1,951  1,912  1,887  1,856  1,810  1,809  1,566  1,504  1,480  1,457  1,446  1,408  1,404  1,410  1,373  1,375  1,375 
Net properties 53,916  53,488  53,115  52,856  52,679  52,210  51,947  51,696  51,605  51,036  50,814  50,550  50,389  49,939  49,461  49,071  48,866  48,149  47,512  46,928 
Operating lease assets 1,812  1,931  2,076  2,146  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other assets 436  483  442  413  393  399  392  386  386  346  291  282  276  318  255  214  194  299  307  363 
Long-term assets 58,214  57,905  57,622  57,366  54,984  54,496  54,195  53,892  53,800  52,948  52,609  52,312  52,122  51,703  51,124  50,689  50,470  49,821  49,194  48,666 
Total assets 61,673  61,978  61,708  61,319  59,147  59,312  58,689  57,789  57,806  57,397  56,478  55,900  55,718  56,305  55,690  55,772  54,600  53,763  54,177  53,145 

Based on: 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-18), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-19), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-03), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-05), 10-Q (filing date: 2015-10-22), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-23).

Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Union Pacific Corp.’s current assets decreased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Net properties Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Union Pacific Corp.’s net properties increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Union Pacific Corp.’s long-term assets increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Union Pacific Corp.’s total assets increased from Q2 2019 to Q3 2019 but then decreased significantly from Q3 2019 to Q4 2019.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Union Pacific Corp.’s cash and cash equivalents increased from Q2 2019 to Q3 2019 but then decreased significantly from Q3 2019 to Q4 2019.
Short-term investments Amount of investment in marketable security, classified as current.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Union Pacific Corp.’s accounts receivable, net decreased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.
Materials and supplies Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Union Pacific Corp.’s materials and supplies decreased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019.