Union pacific corporation (UNP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Operating Activities
Net income

5,919

5,966

10,712

4,233

4,772

5,180

4,388

3,943

3,292

2,780

1,890

2,335

1,848

Adjustments to reconcile net income to cash provided by operating activities:
Depreciation

2,216

2,191

2,105

2,038

2,012

1,904

1,777

1,760

1,617

1,487

1,427

1,366

1,303

Deferred and other income taxes

566

338

-5,067

831

765

895

723

887

986

672

718

545

328

Net gain on non-operating asset dispositions

20

30

111

94

144

69

32

-

-

-

162

41

52

Other operating activities, net

-98

-347

282

228

-116

216

194

160

298

483

376

-89

207

Changes in current assets and liabilities:
Accounts receivable, net

-160

262

235

-98

-255

197

83

-70

217

518

72

-38

-47

Materials and supplies

9

-7

32

-19

24

59

-7

46

80

59

25

-3

58

Other current assets

-87

24

-9

-22

47

35

-1

108

-178

17

106

-51

104

Accounts payable and other current liabilities

-179

-125

182

232

-276

295

40

-185

395

243

-90

-342

143

Income and other taxes

-229

278

-51

374

-85

-313

196

-

-

-

-

-

-

Cash provided by operating activities

8,609

8,686

7,230

7,525

7,344

7,385

6,823

6,161

5,873

4,105

3,204

4,044

3,248

Investing Activities
Capital investments

3,453

3,437

3,238

3,505

4,650

4,346

3,496

3,738

3,176

2,482

2,354

2,754

2,467

Maturities of short-term investments (Note 13)

130

90

90

520

0

0

-

-

-

-

-

-

-

Purchases of short-term investments (Note 13)

115

90

120

580

0

0

-

-

-

-

-

-

-

Proceeds from asset sales

74

63

168

129

251

138

98

80

108

67

187

93

122

Acquisition of equipment pending financing

-

-

-

-

-

-

-

274

85

0

100

388

621

Proceeds from sale of assets financed

-

-

-

-

-

-

-

274

85

0

100

388

621

Other investing activities, net

71

37

-14

-43

77

41

7

-25

51

73

-22

77

52

Cash used in investing activities

-3,435

-3,411

-3,086

-3,393

-4,476

-4,249

-3,405

-3,633

-3,119

-2,488

-2,145

-2,738

-2,397

Financing Activities
Debt issued (Note 14)

3,986

6,892

2,735

1,983

3,328

2,588

1,443

695

486

894

843

2,257

1,581

Common share repurchases (Note 18)

5,804

8,225

4,013

3,105

3,465

3,225

2,218

1,474

1,418

1,249

0

1,609

1,375

Dividends paid

2,598

2,299

1,982

1,879

2,344

1,632

1,333

1,146

837

602

544

481

364

Debt repaid

817

1,736

840

1,013

556

710

640

758

690

1,412

871

1,208

792

Debt exchange

387

-

-

191

0

0

289

0

272

98

0

-

-

Net issuance/(repayment) of commercial paper (Note 14)

-6

194

-

-

-

-

-

-

-

-

-

-

-

Other financing activities, net

-20

-48

-46

-41

-26

-3

-12

1

108

86

114

106

150

Cash used in financing activities

-5,646

-5,222

-4,146

-4,246

-3,063

-2,982

-3,049

-2,682

-2,623

-2,381

-458

-935

-800

Net change in cash, cash equivalents, and restricted cash

-472

53

-2

-114

-195

154

369

-154

131

-764

601

371

51

Non-cash investing and financing activities:
Term loan renewals

250

250

-

-

-

-

-

-

-

-

-

-

-

Capital investments accrued but not yet paid

224

205

366

223

100

174

133

136

147

125

96

93

126

Locomotives sold for material credits

18

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease financings

-

12

19

-

13

0

39

290

154

0

842

175

82

Cash (paid for)/received from:
Income taxes, net of refunds

1,382

1,205

2,112

1,347

2,156

2,492

1,656

1,552

-625

-936

-452

-699

-839

Settlement of current liabilities for debt

-

-

-

-

-

-

-

-

-

-

14

0

0

Interest, net of amounts capitalized

1,033

728

666

652

592

554

528

561

572

614

-578

-500

-467