Union Pacific Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Net Income	6,732	6,747	6,379	6,998	6,523	5,349	Upgrade
Depreciation & Amortization	2,414	2,398	2,318	2,246	2,208	2,210	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	-	-	-115	Upgrade
Other Operating Activities	43	15	-15	110	98	830	Upgrade
Change in Accounts Receivable	197	179	-177	-169	-217	90	Upgrade
Change in Inventory	23	-26	-2	-120	17	113	Upgrade
Change in Accounts Payable	173	189	-215	565	184	-73	Upgrade
Change in Income Taxes	-59	-87	129	-273	188	170	Upgrade
Change in Other Net Operating Assets	-89	-69	-38	5	31	-34	Upgrade
Operating Cash Flow	9,434	9,346	8,379	9,362	9,032	8,540	Upgrade
Operating Cash Flow Growth	8.92%	11.54%	-10.50%	3.65%	5.76%	-0.80%	Upgrade
Capital Expenditures	-3,561	-3,452	-3,606	-3,620	-2,936	-2,927	Upgrade
Sale of Property, Plant & Equipment	-	-	-	-	-	149	Upgrade
Investment in Securities	-	-	-	-	-	5	Upgrade
Other Investing Activities	100	127	-61	149	227	97	Upgrade
Investing Cash Flow	-3,461	-3,325	-3,667	-3,471	-2,709	-2,676	Upgrade
Long-Term Debt Issued	-	800	1,599	6,080	4,201	4,004	Upgrade
Total Debt Issued	2,100	800	1,599	6,080	4,201	4,004	Upgrade
Short-Term Debt Repaid	-	-	-	-	-	-127	Upgrade
Long-Term Debt Repaid	-	-2,226	-2,190	-2,291	-1,299	-2,381	Upgrade
Total Debt Repaid	-1,238	-2,226	-2,190	-2,291	-1,299	-2,508	Upgrade
Net Debt Issued (Repaid)	862	-1,426	-591	3,789	2,902	1,496	Upgrade
Repurchase of Common Stock	-3,225	-1,505	-705	-6,282	-7,291	-3,705	Upgrade
Common Dividends Paid	-3,222	-3,213	-3,173	-3,159	-2,800	-2,626	Upgrade
Other Financing Activities	91	77	-156	-235	31	-67	Upgrade
Financing Cash Flow	-5,494	-6,067	-4,625	-5,887	-7,158	-4,902	Upgrade
Net Cash Flow	479	-46	87	4	-835	962	Upgrade
Free Cash Flow	5,873	5,894	4,773	5,742	6,096	5,613	Upgrade
Free Cash Flow Growth	16.76%	23.49%	-16.88%	-5.81%	8.61%	8.86%	Upgrade
Free Cash Flow Margin	24.22%	24.30%	19.79%	23.08%	27.96%	28.74%	Upgrade
Free Cash Flow Per Share	9.68	9.69	7.82	9.20	9.30	8.27	Upgrade
Cash Interest Paid	1,236	1,260	1,268	1,156	1,087	1,050	Upgrade
Cash Income Tax Paid	1,355	1,340	1,486	2,060	1,658	1,214	Upgrade
Levered Free Cash Flow	4,643	4,623	3,363	4,056	4,764	3,829	Upgrade
Unlevered Free Cash Flow	5,435	5,416	4,201	4,851	5,487	4,542	Upgrade

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.