Stock Analysis on Net

Union Pacific Corp. (NYSE:UNP)

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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

US$ in millions

Microsoft Excel
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 5,768 5,638 5,616 5,801 5,545 5,569 5,656 5,768 6,109 5,842 5,440 5,297 5,166 5,132 4,649 4,803 4,596 3,972 4,880 4,851 5,146 5,236 5,010
Other revenues 323 369 415 358 396 394 400 412 457 427 420 436 400 372 352 338 323 272 349 361 370 360 374
Operating revenues 6,091 6,007 6,031 6,159 5,941 5,963 6,056 6,180 6,566 6,269 5,860 5,733 5,566 5,504 5,001 5,141 4,919 4,244 5,229 5,212 5,516 5,596 5,384
Compensation and benefits (1,228) (1,187) (1,223) (1,169) (1,201) (1,269) (1,179) (1,174) (1,278) (1,092) (1,101) (1,070) (1,040) (1,022) (1,026) (1,021) (1,008) (905) (1,059) (1,049) (1,134) (1,145) (1,205)
Purchased services and materials (644) (644) (613) (645) (668) (650) (653) (633) (626) (622) (561) (538) (510) (478) (490) (492) (508) (441) (521) (531) (574) (573) (576)
Fuel (610) (625) (658) (759) (702) (664) (766) (853) (932) (940) (714) (597) (544) (497) (411) (332) (301) (247) (434) (512) (504) (560) (531)
Depreciation (602) (596) (594) (589) (580) (577) (572) (569) (563) (559) (555) (556) (553) (550) (549) (557) (555) (551) (547) (559) (557) (551) (549)
Equipment and other rents (237) (219) (216) (229) (235) (248) (235) (238) (215) (230) (215) (230) (217) (200) (212) (220) (217) (211) (227) (230) (236) (260) (258)
Other (354) (336) (355) (361) (378) (351) (357) (301) (319) (331) (337) (302) (270) (284) (320) (513) (299) (235) (298) (231) (277) (247) (305)
Operating expenses (3,675) (3,607) (3,659) (3,752) (3,764) (3,759) (3,762) (3,768) (3,933) (3,774) (3,483) (3,293) (3,134) (3,031) (3,008) (3,135) (2,888) (2,590) (3,086) (3,112) (3,282) (3,336) (3,424)
Operating income 2,416 2,400 2,372 2,407 2,177 2,204 2,294 2,412 2,633 2,495 2,377 2,440 2,432 2,473 1,993 2,006 2,031 1,654 2,143 2,100 2,234 2,260 1,960
Other income, net 87 103 92 108 106 93 184 92 124 163 47 83 38 125 51 66 37 131 53 56 53 57 77
Interest expense (314) (319) (324) (331) (334) (339) (336) (333) (315) (316) (307) (295) (290) (282) (290) (279) (295) (289) (278) (278) (266) (259) (247)
Income before income taxes 2,189 2,184 2,140 2,184 1,949 1,958 2,142 2,171 2,442 2,342 2,117 2,228 2,180 2,316 1,754 1,793 1,773 1,496 1,918 1,878 2,021 2,058 1,790
Income tax expense (518) (511) (499) (532) (421) (389) (512) (533) (547) (507) (487) (517) (507) (518) (413) (413) (410) (364) (444) (475) (466) (488) (399)
Net income 1,671 1,673 1,641 1,652 1,528 1,569 1,630 1,638 1,895 1,835 1,630 1,711 1,673 1,798 1,341 1,380 1,363 1,132 1,474 1,403 1,555 1,570 1,391

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Operating revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Union Pacific Corp. operating revenues decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
Operating income The net result for the period of deducting operating expenses from operating revenues. Union Pacific Corp. operating income increased from Q1 2024 to Q2 2024 and 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 increased from Q1 2024 to Q2 2024 and 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 increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.