Common-Size Income Statement
Quarterly Data

Union Pacific Corp., common-size consolidated income statement (quarterly data)

3 months ended:	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Freight revenues	94.70%	93.86%	93.12%	94.19%	93.33%	93.39%	93.39%	93.33%	93.04%	93.19%	92.83%	92.39%	92.81%	93.24%	92.96%	93.43%	93.43%	93.59%	93.33%	93.07%	93.29%	93.57%	93.05%
Other revenues	5.30%	6.14%	6.88%	5.81%	6.67%	6.61%	6.61%	6.67%	6.96%	6.81%	7.17%	7.61%	7.19%	6.76%	7.04%	6.57%	6.57%	6.41%	6.67%	6.93%	6.71%	6.43%	6.95%
Operating revenues	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Compensation and benefits	-20.16%	-19.76%	-20.28%	-18.98%	-20.22%	-21.28%	-19.47%	-19.00%	-19.46%	-17.42%	-18.79%	-18.66%	-18.68%	-18.57%	-20.52%	-19.86%	-20.49%	-21.32%	-20.25%	-20.13%	-20.56%	-20.46%	-22.38%
Purchased services and materials	-10.57%	-10.72%	-10.16%	-10.47%	-11.24%	-10.90%	-10.78%	-10.24%	-9.53%	-9.92%	-9.57%	-9.38%	-9.16%	-8.68%	-9.80%	-9.57%	-10.33%	-10.39%	-9.96%	-10.19%	-10.41%	-10.24%	-10.70%
Fuel	-10.01%	-10.40%	-10.91%	-12.32%	-11.82%	-11.14%	-12.65%	-13.80%	-14.19%	-14.99%	-12.18%	-10.41%	-9.77%	-9.03%	-8.22%	-6.46%	-6.12%	-5.82%	-8.30%	-9.82%	-9.14%	-10.01%	-9.86%
Depreciation	-9.88%	-9.92%	-9.85%	-9.56%	-9.76%	-9.68%	-9.45%	-9.21%	-8.57%	-8.92%	-9.47%	-9.70%	-9.94%	-9.99%	-10.98%	-10.83%	-11.28%	-12.98%	-10.46%	-10.73%	-10.10%	-9.85%	-10.20%
Equipment and other rents	-3.89%	-3.65%	-3.58%	-3.72%	-3.96%	-4.16%	-3.88%	-3.85%	-3.27%	-3.67%	-3.67%	-4.01%	-3.90%	-3.63%	-4.24%	-4.28%	-4.41%	-4.97%	-4.34%	-4.41%	-4.28%	-4.65%	-4.79%
Other	-5.81%	-5.59%	-5.89%	-5.86%	-6.36%	-5.89%	-5.89%	-4.87%	-4.86%	-5.28%	-5.75%	-5.27%	-4.85%	-5.16%	-6.40%	-9.98%	-6.08%	-5.54%	-5.70%	-4.43%	-5.02%	-4.41%	-5.66%
Operating expenses	-60.33%	-60.05%	-60.67%	-60.92%	-63.36%	-63.04%	-62.12%	-60.97%	-59.90%	-60.20%	-59.44%	-57.44%	-56.31%	-55.07%	-60.15%	-60.98%	-58.71%	-61.03%	-59.02%	-59.71%	-59.50%	-59.61%	-63.60%
Operating income	39.67%	39.95%	39.33%	39.08%	36.64%	36.96%	37.88%	39.03%	40.10%	39.80%	40.56%	42.56%	43.69%	44.93%	39.85%	39.02%	41.29%	38.97%	40.98%	40.29%	40.50%	40.39%	36.40%
Other income, net	1.43%	1.71%	1.53%	1.75%	1.78%	1.56%	3.04%	1.49%	1.89%	2.60%	0.80%	1.45%	0.68%	2.27%	1.02%	1.28%	0.75%	3.09%	1.01%	1.07%	0.96%	1.02%	1.43%
Interest expense	-5.16%	-5.31%	-5.37%	-5.37%	-5.62%	-5.69%	-5.55%	-5.39%	-4.80%	-5.04%	-5.24%	-5.15%	-5.21%	-5.12%	-5.80%	-5.43%	-6.00%	-6.81%	-5.32%	-5.33%	-4.82%	-4.63%	-4.59%
Income before income taxes	35.94%	36.36%	35.48%	35.46%	32.81%	32.84%	35.37%	35.13%	37.19%	37.36%	36.13%	38.86%	39.17%	42.08%	35.07%	34.88%	36.04%	35.25%	36.68%	36.03%	36.64%	36.78%	33.25%
Income tax expense	-8.50%	-8.51%	-8.27%	-8.64%	-7.09%	-6.52%	-8.45%	-8.62%	-8.33%	-8.09%	-8.31%	-9.02%	-9.11%	-9.41%	-8.26%	-8.03%	-8.34%	-8.58%	-8.49%	-9.11%	-8.45%	-8.72%	-7.41%
Net income	27.43%	27.85%	27.21%	26.82%	25.72%	26.31%	26.92%	26.50%	28.86%	29.27%	27.82%	29.84%	30.06%	32.67%	26.81%	26.84%	27.71%	26.67%	28.19%	26.92%	28.19%	28.06%	25.84%

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Income statement item	Description	The company
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Union Pacific Corp. operating income as a percentage of operating revenues increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Union Pacific Corp. income before income taxes as a percentage of operating revenues increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Union Pacific Corp. net income as a percentage of operating revenues increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.

Union Pacific Corp. (NYSE:UNP)

Common-Size Income Statement Quarterly Data

Common-Size Income Statement
Quarterly Data