Form 10-K - Union Pacific
Form 10-K - Union Pacific
Form 10-K - Union Pacific
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CONSOLIDATED STATEMENTS OF INCOME<br />
<strong>Union</strong> <strong>Pacific</strong> Corporation and Subsidiary Companies<br />
Millions, Except Per Share Amounts,<br />
for the Years Ended December 31, 2011 20<strong>10</strong> 2009<br />
Operating revenues:<br />
Freight revenues $ 18,508 $ 16,069 $ 13,373<br />
Other revenues 1,049 896 770<br />
Total operating revenues 19,557 16,965 14,143<br />
Operating expenses:<br />
Compensation and benefits 4,681 4,314 4,063<br />
Fuel 3,581 2,486 1,763<br />
Purchased services and materials 2,005 1,836 1,644<br />
Depreciation 1,617 1,487 1,427<br />
Equipment and other rents 1,167 1,142 1,180<br />
Other 782 719 687<br />
Total operating expenses 13,833 11,984 <strong>10</strong>,764<br />
Operating income 5,724 4,981 3,379<br />
Other income (Note 6) 112 54 195<br />
Interest expense (572) (602) (600)<br />
Income before income taxes 5,264 4,433 2,974<br />
Income taxes (Note 7) (1,972) (1,653) (1,084)<br />
Net income $ 3,292 $ 2,780 $ 1,890<br />
Share and Per Share (Note 8):<br />
Earnings per share - basic $ 6.78 $ 5.58 $ 3.76<br />
Earnings per share - diluted $ 6.72 $ 5.53 $ 3.74<br />
Weighted average number of shares - basic 485.7 498.2 503.0<br />
Weighted average number of shares - diluted 489.8 502.9 505.8<br />
Dividends declared per share $ 1.93 $ 1.31 $ 1.08<br />
The accompanying notes are an integral part of these Consolidated Financial Statements.<br />
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