Union Pacific Corp. (UNP)

Income Statement

Difficulty: Beginner

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Union Pacific Corp., Consolidated Income Statement

USD $ in millions

	12 months ended	Dec 31, 2018		Dec 31, 2017		Dec 31, 2016		Dec 31, 2015		Dec 31, 2014
	Freight revenues
	Other revenues
	Operating revenues
	Fuel
	Purchased services and materials
	Cost of operating revenues
	Gross profit
	Compensation and benefits
	Depreciation
	Equipment and other rents
	Other
	Operating income
	Rental income
	Early extinguishment of debt
	Net gain on non-operating asset dispositions
	Interest income
	Net periodic pension and OPEB
	Non-operating environmental costs and other
	Other income
	Interest expense
	Income before income taxes
	Income tax (expense) benefit
	Net income

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 revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Union Pacific Corp.’s operating revenues increased from 2016 to 2017 and from 2017 to 2018.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Union Pacific Corp.’s operating income increased from 2016 to 2017 and 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 increased from 2016 to 2017 and 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 increased from 2016 to 2017 but then slightly declined from 2017 to 2018 not reaching 2016 level.

	Union Pacific Corp.	Other companies (not purchased previously)
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Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality