Union Pacific 2005 Annual Report Download - page 22

Item 6. Selected Financial Data
The following table presents as of, and for the years ended, December 31, our selected financial data for each of
the last five years. The selected financial data should be read in conjunction with Management’s Discussion and
Analysis of Financial Condition and Results of Operations, Item 7, and with the Financial Statements and
Supplementary Data, Item 8. The information below is not necessarily indicative of the results of future
operations. Certain prior year amounts have been reclassified to conform to the 2005 presentation. These
reclassifications were not material, individually or in aggregate, with the exception of reclassifications made to
appropriately reflect the discontinued operations as discussed in note 13 of Item 8.
Millions of Dollars, Except per Share Amounts, Ratios, and Employee Statistics
2005[a] 2004[b] 2003[c] 2002[d] 2001
For the Year Ended December 31
Operating revenues ................................ $13,578 $12,215 $11,551 $11,159 $10,830
Operating income ................................. 1,795 1,295 2,133 2,253 2,018
Income [e] ....................................... 1,026 604 1,056 1,265 934
Net income....................................... 1,026 604 1,585 1,341 966
Per share – basic:
Income [e] ..................................... 3.89 2.33 4.15 5.02 3.77
Net income .................................... 3.89 2.33 6.23 5.32 3.90
Per share – diluted:
Income [e] ..................................... 3.85 2.30 4.07 4.78 3.65
Net income .................................... 3.85 2.30 6.04 5.05 3.77
Dividends declared per share ........................ 1.20 1.20 0.99 0.83 0.80
Operating cash flow ................................ 2,595 2,257 2,443 2,237 1,886
At December 31
Total assets ....................................... $35,620 $34,596 $33,496 $32,772 $31,552
Total debt ........................................ 7,416 8,131 7,989 7,703 8,078
Convertible preferred securities ......................---1,500 1,500
Common shareholders’ equity ....................... 13,707 12,655 12,354 10,651 9,575
Equity per common share [f] ........................ 51.41 48.58 47.85 41.99 38.26
Additional Data
Commodity revenue ............................... $12,957 $11,692 $11,041 $10,663 $10,391
Carloads (000) .................................... 9,544 9,458 9,239 9,131 8,916
Operating margin (%) [g] ........................... 13.2 10.6 18.5 20.2 18.6
Operating ratio (%) [g] ............................. 86.8 89.4 81.5 79.8 81.4
Average employees (000) ............................ 49.7 48.3 46.4 47.3 48.7
Operating revenue per employee (000) ................ $ 273.2 $ 252.9 $ 248.9 $ 235.9 $ 222.4
Financial Ratios (%)
Debt to capital [h] ................................. 35.1 39.1 39.3 46.4 50.0
Return on equity [i] ................................ 7.8 4.8 13.8 13.3 10.6
[a] 2005 net income includes a $118 million tax expense reduction to reflect a reduction in the estimated deferred income tax liability.
[b] 2004 operating income and net income includes a $247 million pre-tax ($154 million after-tax) charge for unasserted asbestos-related claims.
[c] Net income and total assets include the effects of the acquisitions of Motor Cargo as of November 30, 2002, and reflect the disposition of all of
our trucking interests in 2003. See Item 8, note 13 regarding the reclassification of our trucking segment as a discontinued operation.
[d] 2002 net income includes $214 million pre-tax ($133 million after-tax) gains on asset dispositions. In addition, net income includes a reduction
of income tax expense of $67 million related to tax adjustments for prior years’ income tax examinations.
[e] Based on results from continuing operations.
16