Union Pacific Q2 2024: Assets $1.4B, Net Income $609.7M

TL;DR

**UNION PACIFIC Q2 2024: $1.4B ASSETS, $609.7M NET INCOME. SOLID RAILWAY PERFORMANCE.**

AI Summary

Union Pacific Corp. reported its Q2 2024 results, filing a 10-Q on July 25, 2024. The company's financial performance for the period ending June 30, 2024, showed total assets of $1.400 billion and total liabilities of $1.113 billion. Net income attributable to Union Pacific was $609.7 million.

Why It Matters

This filing provides investors with a detailed look at Union Pacific's financial health and operational performance for the second quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags indicating elevated risk.

Key Numbers

• $1.40B — Total Assets (Financial position as of June 30, 2024.)
• $1.11B — Total Liabilities (Financial obligations as of June 30, 2024.)
• $609.7M — Net Income (Profitability for the period ending June 30, 2024.)

Key Players & Entities

• UNION PACIFIC CORP (company) — Filer
• 20240630 (date) — Reporting period end date
• 20240725 (date) — Filing date
• 1,400,000,000 (dollar_amount) — Total assets
• 1,113,031,441 (dollar_amount) — Total liabilities
• 609,727,377 (dollar_amount) — Net income
• Elizabeth F. Whited (person) — President
• Jennifer L. Hamann (person) — Executive Vice President and Chief Financial Officer

FAQ

Key Financial Figures

• $2.50 — ch registered Common Stock (Par Value $2.50 per share) UNP New York Stock Excha
• $0 million — 1,612 [a] Net of deferred taxes of $0 million and ($3) million during the three month
• $3 — et of deferred taxes of $0 million and ($3) million during the three months ended
• $0 — 3,264 [a] Net of deferred taxes of ($0) million and ($3) million during the si

Filing Documents

• unp20240630c_10q.htm (10-Q) — 1677KB
• ex_673769.htm (EX-31.A) — 12KB
• ex_673770.htm (EX-31.B) — 12KB
• ex_673771.htm (EX-32) — 12KB
• 0001437749-24-023463.txt ( ) — 7387KB
• unp-20240630.xsd (EX-101.SCH) — 63KB
• unp-20240630_cal.xml (EX-101.CAL) — 47KB
• unp-20240630_def.xml (EX-101.DEF) — 397KB
• unp-20240630_lab.xml (EX-101.LAB) — 354KB
• unp-20240630_pre.xml (EX-101.PRE) — 439KB
• unp20240630c_10q_htm.xml (XML) — 1254KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements: CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) For the Three Months Ended June 30, 2024 and 2023 3 CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) For the Three Months Ended June 30, 2024 and 2023 3 CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) For the Six Months Ended June 30, 2024 and 2023 4 CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) For the Six Months Ended June 30, 2024 and 2023 4 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) At June 30, 2024, and December 31, 2023 5 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) For the Six Months Ended June 30, 2024 and 2023 6 CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN COMMON SHAREHOLDERS' EQUITY (Unaudited) For the Three and Six Months Ended June 30, 2024 and 2023 7 NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 28 Item 4.

Controls and Procedures

Controls and Procedures 29

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 29 Item 1A.

Risk Factors

Risk Factors 29 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 3. Defaults Upon Senior Securities 30 Item 4. Mine Safety Disclosures 30 Item 5. Other Information 30 Item 6. Exhibits 30

Signatures

Signatures 32 Certifications 33 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Condensed Consolidated Financial Statements

Item 1. Condensed Consolidated Financial Statements Condensed Consolidated Statements of Income (Unaudited) Union Pacific Corporation and Subsidiary Companies Millions, Except Per Share Amounts, for the Three Months Ended June 30, 2024 2023 Operating revenues: Freight revenues $ 5,638 $ 5,569 Other revenues 369 394 Total operating revenues 6,007 5,963 Operating expenses: Compensation and benefits 1,187 1,269 Fuel 625 664 Purchased services and materials 644 650 Depreciation 596 577 Equipment and other rents 219 248 Other 336 351 Total operating expenses 3,607 3,759 Operating income 2,400 2,204 Other income, net (Note 6) 103 93 Interest expense ( 319 ) ( 339 ) Income before income taxes 2,184 1,958 Income tax expense (Note 7) ( 511 ) ( 389 ) Net income $ 1,673 $ 1,569 Share and per share (Note 8): Earnings per share - basic $ 2.75 $ 2.58 Earnings per share - diluted $ 2.74 $ 2.57 Weighted average number of shares - basic 609.4 608.7 Weighted average number of shares - diluted 610.3 609.5 Condensed Consolidated Statements of Comprehensive Income (Unaudited) Union Pacific Corporation and Subsidiary Companies Millions, for the Three Months Ended June 30, 2024 2023 Net income $ 1,673 $ 1,569 Other comprehensive income/(loss): Defined benefit plans - 6 Foreign currency translation 4 21 Unrealized gain on derivative instruments - 16 Total other comprehensive income/(loss) [a] 4 43 Comprehensive income $ 1,677 $ 1,612 [a] Net of deferred taxes of $0 million and ($3) million during the three months ended June 30, 2024 and 2023 , respectively. The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements. 3 Table of Contents Condensed Consolidated Statements of Income (Unaudited) Union Pacific Corporation and Subsidiary Companies Millions, Except Per Share Amounts,

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