Union pacific corporation (UNP)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
Operating Activities
Net income

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

1,431

1,370

1,291

1,088

1,174

1,151

1,106

957

1,036

1,042

1,002

863

964

904

785

639

775

778

711

516

549

514

465

362

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

547

559

557

551

549

555

547

546

543

532

528

525

520

520

512

504

502

517

507

497

491

489

481

470

464

458

447

438

434

453

447

433

427

413

408

401

395

380

372

368

367

373

363

350

341

Deferred and other income taxes

91

269

88

106

103

26

108

92

112

-5,581

216

153

145

312

170

180

169

410

118

129

108

606

134

80

75

86

272

181

184

397

216

150

124

265

262

287

172

239

314

65

54

408

101

190

19

Net gain on non-operating asset dispositions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

10

121

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

4

4

24

6

126

6

Other operating activities, net

64

4

-61

-94

53

21

-65

36

-339

367

34

-25

-94

-40

78

116

74

-149

128

-56

-39

234

-50

-25

57

44

67

87

-4

88

47

42

-17

187

167

15

-71

318

0

201

-36

188

120

58

10

Changes in current assets and liabilities:
Accounts receivable, net

74

-55

-159

137

-83

-37

158

63

78

65

71

78

21

-93

-22

18

-1

-152

-5

-51

-47

-24

-31

124

128

-55

1

-44

181

-252

86

170

-74

-23

483

-334

91

-113

47

32

552

-61

98

-11

46

Materials and supplies

-59

-20

-4

-5

38

-47

17

-36

59

7

16

-34

43

27

30

-56

-20

-5

-21

18

32

-24

-3

34

52

-30

29

-1

-5

-20

34

-36

68

7

169

-144

48

30

8

-10

31

-15

-17

53

4

Other current assets

-1

-99

-73

28

57

-41

-42

-5

112

-67

-56

-18

132

-37

-41

19

37

-83

-15

70

75

-46

-10

-2

93

-20

-18

23

14

37

-28

41

58

-42

-231

197

-102

-27

119

-5

-70

84

-5

50

-23

Accounts payable and other current liabilities

-168

78

-72

74

-259

50

80

124

-379

225

16

127

-186

153

41

96

-58

-248

-80

207

-155

79

1

131

84

-1

-128

34

135

-238

24

4

25

26

108

207

54

187

-261

117

200

-105

-85

85

15

Income and other taxes

289

-114

-61

-294

240

53

81

-81

225

-139

50

-396

434

-120

133

-310

671

-460

104

-226

497

-384

61

-376

386

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by operating activities

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

2,027

2,137

1,454

1,767

1,942

1,663

1,694

1,524

1,795

1,590

1,372

1,404

1,539

1,694

1,346

1,294

1,385

1,025

1,039

656

1,005

691

790

718

Investing Activities
Capital investments

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

1,120

1,158

1,175

893

861

905

948

782

862

1,060

1,012

804

958

891

725

602

796

630

595

461

546

742

545

521

Maturities of short-term investments (Note 13)

70

10

15

15

90

0

30

0

60

30

0

0

60

270

250

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of short-term investments (Note 13)

70

5

10

10

90

0

30

0

60

30

0

0

90

0

250

330

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from asset sales

8

11

33

16

14

24

8

19

12

16

82

53

17

13

17

70

29

60

20

139

32

79

19

13

27

21

35

25

17

25

25

17

13

57

21

19

11

22

14

19

12

33

12

130

12

Acquisition of equipment pending financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

49

36

0

0

0

0

0

-116

103

113

Proceeds from sale of assets financed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

49

36

0

0

0

0

-

-

-

-

Other investing activities, net

8

-14

0

39

46

-8

3

21

21

-17

-12

-4

19

-44

-16

3

14

-41

18

27

73

-117

8

111

39

-31

-13

16

35

-70

-51

57

39

-23

5

3

66

41

-11

-3

46

14

-35

-7

6

Cash used in investing activities

-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

-924

-1,147

-1,273

-905

-809

-857

-939

-800

-767

-984

-1,052

-830

-878

-875

-709

-657

-815

-605

-573

-495

-427

-579

-511

-628

Financing Activities
Debt issued (Note 14)

2,996

0

994

0

2,992

-100

100

6,742

150

450

1,099

986

200

100

455

150

1,278

1,085

0

1,097

1,146

0

693

900

995

499

0

0

944

0

0

695

0

-

-

-

-

-

-

-

400

0

0

0

843

Common share repurchases (Note 18)

2,556

642

1,533

642

2,987

1,921

331

4,807

1,166

1,131

1,271

852

759

1,005

848

546

706

670

1,190

813

792

913

862

806

644

786

599

459

374

295

346

400

433

382

428

360

248

230

597

422

0

-

-

-

-

Dividends paid

660

673

677

622

626

583

591

557

568

522

480

488

492

497

457

460

465

467

476

479

922

446

410

413

363

365

322

323

323

286

285

286

289

230

233

188

186

-

-

-

135

136

136

136

136

Debt repaid

305

175

38

44

560

-71

512

1,058

237

369

27

260

184

532

32

167

282

120

40

63

333

32

38

238

402

423

78

56

83

508

57

121

72

502

57

44

87

479

48

354

531

45

198

47

581

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

-1

-1

-476

172

299

-1

-1

-440

636

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities, net

-71

14

-5

-6

-23

-3

9

-30

-24

-6

-3

-4

-33

9

0

-6

-44

-8

5

-3

-20

-13

-23

56

-23

9

2

11

-34

-6

11

-2

-2

23

5

34

46

31

36

11

8

18

1

94

1

Cash used in financing activities

-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

-1,404

-640

-501

-437

-1,067

-1,285

-827

130

-1,095

-677

-114

-796

-1,091

-227

-830

-475

-842

-379

-902

-258

-163

-333

-89

127

Net change in cash, cash equivalents, and restricted cash

351

-447

232

-27

-230

-482

206

556

-227

-572

561

237

-228

-632

79

-843

1,282

313

-963

454

1

-301

350

-320

425

66

-479

-72

854

-67

-71

206

-222

-430

592

-193

162

-272

41

-436

-97

415

-221

190

217

Non-cash investing and financing activities:
Capital investments accrued but not yet paid

169

73

15

-13

149

46

18

67

74

246

14

12

94

117

9

-3

100

-61

6

9

146

82

-17

0

109

23

-9

12

107

16

-9

11

118

31

16

27

73

59

-5

11

60

18

16

-10

72

Finance lease financings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

34

52

68

0

0

0

0

-

-

-

-

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

11

278

387

716

1

360

371

476

-2

555

580

974

3

470

417

742

-282

651

587

871

47

585

678

1,083

146

491

450

754

-39

2,649

-331

-664

-102

-351

-139

-282

147

-1,732

1,139

-479

136

-179

-185

-147

59

Interest, net of amounts capitalized

349

178

351

148

356

151

216

131

230

134

196

133

203

112

191

134

215

101

339

-40

192

94

229

53

178

76

201

72

179

87

207

69

198

1,067

-180

-113

-202

86

844

-98

-218

-91

-210

-89

-188

Accelerated Share Repurchase Agreement [Member]
Common share repurchases (Note 18)

400

-

-

-

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-