The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Union Pacific Corp., consolidated cash flow statement (quarterly data)
US$ in millions
3 months ended:
Jun 30, 2020
Mar 31, 2020
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
Net income
1,132
1,474
1,403
1,555
1,570
1,391
1,554
1,593
1,509
1,310
7,278
1,194
1,168
1,072
1,144
1,131
979
979
1,117
1,300
1,204
1,151
Depreciation
551
547
559
557
551
549
555
547
546
543
532
528
525
520
520
512
504
502
517
507
497
491
Deferred and other income taxes
80
91
269
88
106
103
26
108
92
112
(5,581)
216
153
145
312
170
180
169
410
118
129
108
Other operating activities, net
55
(64)
(24)
61
94
(53)
(51)
65
(36)
339
(478)
(34)
25
94
(54)
(78)
(116)
(74)
143
(138)
(65)
32
Accounts receivable, net
281
(74)
55
159
(137)
83
37
(158)
(63)
(78)
(65)
(71)
(78)
(21)
93
22
(18)
1
152
5
51
47
Materials and supplies
24
59
20
4
5
(38)
47
(17)
36
(59)
(7)
(16)
34
(43)
(27)
(30)
56
20
5
21
(18)
(32)
Other current assets
(37)
1
99
73
(28)
(57)
41
42
5
(112)
67
56
18
(132)
37
41
(19)
(37)
83
15
(70)
(75)
Accounts payable and other current liabilities
(29)
(168)
78
(72)
74
(259)
50
80
124
(379)
225
16
127
(186)
153
41
96
(58)
(248)
(80)
207
(155)
Income and other taxes
180
289
(114)
(61)
(294)
240
53
81
(81)
225
(139)
50
(396)
434
(120)
133
(310)
671
(460)
104
(226)
497
Changes in current assets and liabilities
419
107
138
103
(380)
(31)
228
28
21
(403)
81
35
(295)
52
136
207
(195)
597
(468)
65
(56)
282
Adjustments to reconcile net income to cash provided by operating activities
1,105
681
942
809
371
568
758
748
623
591
(5,446)
745
408
811
914
811
373
1,194
602
552
505
913
Cash provided by operating activities
2,237
2,155
2,345
2,364
1,941
1,959
2,312
2,341
2,132
1,901
1,832
1,939
1,576
1,883
2,058
1,942
1,352
2,173
1,719
1,852
1,709
2,064
Capital investments
(792)
(807)
(958)
(935)
(808)
(752)
(1,009)
(814)
(704)
(910)
(859)
(790)
(778)
(811)
(901)
(1,014)
(903)
(687)
(1,327)
(1,116)
(1,106)
(1,101)
Proceeds from asset sales
99
8
11
33
16
14
24
8
19
12
16
82
53
17
13
17
70
29
60
20
139
32
Maturities of short-term investments
5
70
10
15
15
90
—
30
—
60
30
—
—
60
270
250
—
—
—
—
—
—
Purchases of short-term investments
(5)
(70)
(5)
(10)
(10)
(90)
—
(30)
—
(60)
(30)
—
—
(90)
—
(250)
(330)
—
—
—
—
—
Other investing activities, net
83
(8)
14
—
(39)
(46)
8
(3)
(21)
(21)
17
12
4
(19)
44
16
(3)
(14)
41
(18)
(27)
(73)
Cash used in investing activities
(610)
(807)
(928)
(897)
(826)
(784)
(977)
(809)
(706)
(919)
(826)
(696)
(721)
(843)
(574)
(981)
(1,166)
(672)
(1,226)
(1,114)
(994)
(1,142)
Debt issued
1,008
2,996
—
994
—
2,992
—
—
6,742
150
450
1,099
986
200
100
455
150
1,278
1,085
—
1,097
1,146
Share repurchase programs
—
(2,556)
(642)
(1,533)
(642)
(2,987)
(1,201)
(331)
(5,527)
(1,166)
(1,131)
(1,271)
(852)
(759)
(1,005)
(848)
(546)
(706)
(670)
(1,190)
(813)
(792)
Dividends paid
(659)
(660)
(673)
(677)
(622)
(626)
(583)
(591)
(557)
(568)
(522)
(480)
(488)
(492)
(497)
(457)
(460)
(465)
(467)
(476)
(479)
(922)
Debt repaid
(465)
(305)
(175)
(38)
(44)
(560)
(29)
(412)
(1,058)
(237)
(369)
(27)
(260)
(184)
(532)
(32)
(167)
(282)
(120)
(40)
(63)
(333)
Accelerated share repurchase programs pending final settlement
—
(400)
—
500
—
(500)
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Net issuance (repayment) of commercial paper
—
(1)
(1)
(476)
172
299
(1)
(1)
(440)
636
—
—
—
—
—
—
—
—
—
—
—
—
Debt exchange
—
—
(387)
—
—
—
—
—
—
—
—
—
—
—
(191)
—
—
—
—
—
—
—
Other financing activities, net
6
(71)
14
(5)
(6)
(23)
(3)
9
(30)
(24)
(6)
(3)
(4)
(33)
9
—
(6)
(44)
(8)
5
(3)
(20)
Cash used in financing activities
(110)
(997)
(1,864)
(1,235)
(1,142)
(1,405)
(1,817)
(1,326)
(870)
(1,209)
(1,578)
(682)
(618)
(1,268)
(2,116)
(882)
(1,029)
(219)
(180)
(1,701)
(261)
(921)
Net change in cash, cash equivalents and restricted cash
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
Union Pacific Corp.’s cash provided by operating activities decreased from Q4 2019 to Q1 2020 but then slightly increased from Q1 2020 to Q2 2020.
Cash used in investing activities
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
Union Pacific Corp.’s cash used in investing activities increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Cash used in financing activities
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
Union Pacific Corp.’s cash used in financing activities increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
