UNION PACIFIC CORPORATION UNP Cash Flow

Union pacific corporation (UNP)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating Activities
Net income
6,002	5,919	6,070	6,108	6,047	5,966	11,690	11,291	10,950	10,712	4,578	4,515	4,326	4,233	4,206	4,375	4,600	4,772	5,086	5,156	5,243	5,180	4,923	4,704	4,519	4,388	4,250	4,141	4,037	3,943	3,871	3,733	3,516	3,292	3,103	2,977	2,903	2,780	2,554	2,290	2,044	1,890	0	0	0
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation
2,214	2,216	2,212	2,202	2,197	2,191	2,168	2,149	2,128	2,105	2,093	2,077	2,056	2,038	2,035	2,030	2,023	2,012	1,984	1,958	1,931	1,904	1,873	1,839	1,807	1,777	1,772	1,772	1,767	1,760	1,720	1,681	1,649	1,617	1,584	1,548	1,515	1,487	1,480	1,471	1,453	1,427	0	0	0
Deferred and other income taxes
554	566	323	343	329	338	-5,269	-5,161	-5,100	-5,067	826	780	807	831	929	877	826	765	961	977	928	895	375	513	614	723	1,034	978	947	887	755	801	938	986	960	1,012	790	672	841	628	753	718	0	0	0
Net gain on non-operating asset dispositions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	144	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	38	160	162	0	0	0
Other operating activities, net
-87	-98	-81	-85	45	-347	-1	98	37	282	-125	-81	60	228	119	169	-3	-116	267	89	120	216	26	143	255	194	238	218	173	160	259	379	352	298	429	262	448	483	353	473	330	376	0	0	0
Changes in current assets and liabilities:
Accounts receivable, net
-3	-160	-142	175	101	262	364	277	292	235	77	-16	-76	-98	-157	-140	-209	-255	-127	-153	22	197	166	198	30	83	-114	-29	185	-70	159	556	52	217	127	-309	57	518	570	621	578	72	0	0	0
Materials and supplies
-88	9	-18	3	-28	-7	47	46	48	32	52	66	44	-19	-51	-102	-28	24	5	23	39	59	53	85	50	-7	3	8	-27	46	73	208	100	80	103	-58	76	59	14	-11	52	25	0	0	0
Other current assets
-145	-87	-29	2	-31	24	-2	-16	-29	-9	21	36	73	-22	-68	-42	9	47	84	89	17	35	61	53	78	-1	56	46	64	108	29	-174	-18	-178	-163	187	-15	17	128	4	59	106	0	0	0
Accounts payable and other current liabilities
-88	-179	-207	-55	-5	-125	50	-14	-11	182	110	135	104	232	-169	-290	-179	-276	51	132	56	295	215	86	-11	40	-197	-45	-75	-185	79	163	366	395	556	187	97	243	-49	127	95	-90	0	0	0
Income and other taxes
-180	-229	-62	80	293	278	86	55	-260	-51	-32	51	137	374	34	5	89	-85	-9	-52	-202	-313	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided by operating activities
8,805	8,609	8,576	8,553	8,744	8,686	8,206	7,804	7,248	7,230	7,456	7,459	7,235	7,525	7,186	7,096	7,453	7,344	7,652	7,937	7,682	7,385	7,300	6,826	7,066	6,823	6,676	6,603	6,281	6,161	5,905	6,009	5,983	5,873	5,719	5,050	4,743	4,105	3,725	3,391	3,142	3,204	0	0	0
Investing Activities
Capital investments
3,508	3,453	3,504	3,383	3,279	3,437	3,287	3,263	3,337	3,238	3,280	3,504	3,629	3,505	3,931	4,033	4,236	4,650	4,443	4,485	4,554	4,346	4,087	3,834	3,607	3,496	3,497	3,652	3,716	3,738	3,834	3,665	3,378	3,176	3,014	2,753	2,623	2,482	2,232	2,344	2,294	2,354	0	0	0
Maturities of short-term investments (Note 13)
110	130	120	135	120	90	120	90	90	90	330	580	580	520	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of short-term investments (Note 13)
95	115	110	130	120	90	120	90	90	120	90	340	670	580	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from asset sales
68	74	87	62	65	63	55	129	163	168	165	100	117	129	176	179	248	251	270	269	143	138	80	96	108	98	102	92	84	80	112	108	110	108	73	66	66	67	78	76	187	187	0	0	0
Acquisition of equipment pending financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	85	85	36	0	0	-116	-13	100	0	0	0
Proceeds from sale of assets financed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	85	85	36	0	0	0	0	-	-	-	-
Other investing activities, net
33	71	77	80	62	37	28	13	-12	-14	-41	-45	-38	-43	-40	-6	18	77	1	-9	75	41	127	106	11	7	-32	-70	-29	-25	22	78	24	51	115	99	93	73	46	22	18	-22	0	0	0
Cash used in investing activities
-3,458	-3,435	-3,484	-3,396	-3,276	-3,411	-3,260	-3,147	-3,162	-3,086	-2,834	-3,119	-3,564	-3,393	-4,045	-4,178	-4,006	-4,476	-4,174	-4,207	-4,486	-4,249	-4,134	-3,844	-3,510	-3,405	-3,363	-3,490	-3,603	-3,633	-3,744	-3,635	-3,292	-3,119	-3,056	-2,786	-2,650	-2,488	-2,100	-2,074	-2,012	-2,145	0	0	0
Financing Activities
Debt issued (Note 14)
3,990	3,986	3,886	2,992	9,734	6,892	7,442	8,441	2,685	2,735	2,385	1,741	905	1,983	2,968	2,513	3,460	3,328	2,243	2,936	2,739	2,588	3,087	2,394	1,494	1,443	944	944	1,639	695	0	0	0	-	-	-	-	-	-	-	400	843	0	0	0
Common share repurchases (Note 18)
5,373	5,804	7,083	5,881	10,046	8,225	7,435	8,375	4,420	4,013	3,887	3,464	3,158	3,105	2,770	3,112	3,379	3,465	3,708	3,380	3,373	3,225	3,098	2,835	2,488	2,218	1,727	1,474	1,415	1,474	1,561	1,643	1,603	1,418	1,266	1,435	1,497	1,249	0	0	0	-	-	-	-
Dividends paid
2,632	2,598	2,508	2,422	2,357	2,299	2,238	2,127	2,058	1,982	1,957	1,934	1,906	1,879	1,849	1,868	1,887	2,344	2,323	2,257	2,191	1,632	1,551	1,463	1,373	1,333	1,254	1,217	1,180	1,146	1,090	1,038	940	837	0	0	0	-	-	-	543	544	0	0	0
Debt repaid
562	817	571	1,045	2,059	1,736	2,176	1,691	893	840	1,003	1,008	915	1,013	601	609	505	556	468	466	641	710	1,101	1,141	959	640	725	704	769	758	752	752	675	690	667	658	968	1,412	978	1,128	821	871	0	0	0
Net issuance/(repayment) of commercial paper (Note 14)
-306	-6	-6	469	-143	194	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities, net
-68	-20	-37	-23	-47	-48	-51	-63	-37	-46	-31	-28	-30	-41	-58	-53	-50	-26	-31	-59	0	-3	19	44	-1	-12	-27	-18	-31	1	30	24	60	108	116	147	124	86	73	38	121	114	0	0	0
Cash used in financing activities
-5,238	-5,646	-5,599	-5,690	-5,418	-5,222	-4,983	-4,339	-4,087	-4,146	-4,684	-4,884	-5,295	-4,246	-2,310	-3,129	-2,361	-3,063	-4,287	-3,226	-3,466	-2,982	-2,645	-3,290	-3,616	-3,049	-3,077	-2,469	-1,756	-2,682	-2,678	-2,228	-2,944	-2,623	-2,374	-2,526	-2,598	-2,381	-1,702	-1,656	-843	-458	0	0	0
Net change in cash, cash equivalents, and restricted cash
109	-472	-507	-533	50	53	-37	318	-1	-2	-62	-544	-1,624	-114	831	-211	1,086	-195	-809	504	-270	154	521	-308	-60	369	236	644	922	-154	-517	146	-253	131	289	-262	-505	-764	-77	-339	287	601	0	0	0
Non-cash investing and financing activities:
Capital investments accrued but not yet paid
244	224	197	200	280	205	405	401	346	366	237	232	217	223	45	42	54	100	243	220	211	174	115	123	135	133	126	126	125	136	151	176	192	147	175	154	138	125	84	105	84	96	0	0	0
Finance lease financings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	154	154	120	68	0	0	0	0	-	-	-	-
Cash (paid for)/received from:
Income taxes, net of refunds
1,392	1,382	1,464	1,448	1,208	1,205	1,400	1,609	2,107	2,112	2,027	1,864	1,632	1,347	1,528	1,698	1,827	2,156	2,090	2,181	2,393	2,492	2,398	2,170	1,841	1,656	3,814	3,033	1,615	1,552	-1,448	-1,256	-874	-625	-2,006	-728	-925	-936	617	-707	-375	-452	0	0	0
Interest, net of amounts capitalized
1,026	1,033	1,006	871	854	728	711	691	693	666	644	639	640	652	641	789	615	592	585	475	568	554	536	508	527	528	539	545	542	561	1,541	1,154	972	572	-409	615	630	614	437	-617	-608	-578	0	0	0
Accelerated Share Repurchase Agreement [Member]
Common share repurchases (Note 18)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-