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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 (quarterly data)
USD $ in millions
|3 months ended||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||Dec 31, 2014||Sep 30, 2014||Jun 30, 2014||Mar 31, 2014||Dec 31, 2013||Sep 30, 2013||Jun 30, 2013||Mar 31, 2013|
|Purchased services and materials|
|Cost of operating revenues|
|Compensation and benefits|
|Equipment and other rents|
|Other income (expense)|
|Income before income taxes|
|Operating revenues||Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.||Union Pacific Corp.'s operating revenues increased from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.|
|Operating income||The net result for the period of deducting operating expenses from operating revenues.||Union Pacific Corp.'s operating income increased from Q3 2017 to Q4 2017 but then declined significantly from Q4 2017 to Q1 2018.|
|Income before income taxes||Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.||Union Pacific Corp.'s income before income taxes increased from Q3 2017 to Q4 2017 but then declined significantly from Q4 2017 to Q1 2018.|
|Net income||The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes.||Union Pacific Corp.'s net income increased from Q3 2017 to Q4 2017 but then slightly declined from Q4 2017 to Q1 2018 not reaching Q3 2017 level.|