Union Pacific Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,266	1,016	1,055	973	960
Short-Term Investments	-	20	16	46	46
Cash & Short-Term Investments	1,266	1,036	1,071	1,019	1,006
Cash Growth	22.20%	-3.27%	5.10%	1.29%	-45.88%
Receivables	-	1,894	2,073	1,891	1,722
Inventory	-	769	743	741	621
Restricted Cash	-	4	10	10	19
Other Current Assets	3,289	318	251	291	183
Total Current Assets	4,555	4,021	4,148	3,952	3,551
Property, Plant & Equipment	60,681	58,849	58,227	56,981	55,972
Long-Term Investments	2,885	2,664	2,605	2,375	2,241
Other Intangible Assets	-	791	814	729	686
Other Long-Term Assets	1,577	1,390	1,338	1,412	1,075
Total Assets	69,698	67,715	67,132	65,449	63,525
Accounts Payable	-	847	856	784	752
Accrued Expenses	-	1,418	1,327	1,668	1,269
Current Portion of Long-Term Debt	1,520	1,388	1,374	1,611	2,074
Current Portion of Leases	270	383	404	398	422
Current Income Taxes Payable	-	605	685	628	823
Other Current Liabilities	3,224	613	460	431	404
Total Current Liabilities	5,014	5,254	5,106	5,520	5,744
Long-Term Debt	30,294	29,695	31,047	31,481	27,319
Long-Term Leases	738	997	1,354	1,467	1,673
Pension & Post-Retirement Benefits	-	-	-	364	518
Long-Term Deferred Tax Liabilities	13,421	13,151	13,123	13,033	12,675
Other Long-Term Liabilities	1,764	1,728	1,714	1,421	1,435
Total Liabilities	51,231	50,825	52,344	53,286	49,364
Common Stock	18,467	2,783	2,782	2,782	2,781
Additional Paid-In Capital	-	5,334	5,193	5,080	4,979
Retained Earnings	-	65,628	62,093	58,887	55,049
Treasury Stock	-	-56,132	-54,666	-54,004	-47,734
Comprehensive Income & Other	-	-723	-614	-582	-914
Shareholders' Equity	18,467	16,890	14,788	12,163	14,161
Total Liabilities & Equity	69,698	67,715	67,132	65,449	63,525
Total Debt	32,822	32,463	34,179	34,957	31,488
Net Cash (Debt)	-31,556	-31,427	-33,108	-33,938	-30,482
Net Cash Per Share	-52.96	-51.64	-54.26	-54.39	-46.51
Filing Date Shares Outstanding	592.5	604.29	609.78	611.87	636.9
Total Common Shares Outstanding	592.5	604.24	609.7	612.39	638.84
Working Capital	-459	-1,233	-958	-1,568	-2,193
Book Value Per Share	31.17	27.95	24.25	19.86	22.17
Tangible Book Value	18,467	16,099	13,974	11,434	13,475
Tangible Book Value Per Share	31.17	26.64	22.92	18.67	21.09
Land	-	5,441	5,426	5,344	5,339
Machinery	-	13,750	13,404	12,981	12,759
Construction In Progress	-	1,169	1,173	948	961

Source: S&P Global Market Intelligence. Standard template. Financial Sources.