Union Pacific 2005 Annual Report Download - page 8

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Documents Incorporated by Reference – Portions of the registrant’s definitive Proxy Statement for the Annual
Meeting of Shareholders to be held on May 4, 2006, are incorporated by reference into Part III of this report. The
registrant’s Proxy Statement will be filed with the Securities and Exchange Commission pursuant to Regulation 14A.
TABLE OF CONTENTS
UNION PACIFIC CORPORATION
PART I
Item 1. Business ................................................................ 3
Item 1A. Risk Factors ............................................................. 6
Item 1B. Unresolved Staff Comments ................................................ 9
Item 2. Properties ............................................................... 9
Item 3. Legal Proceedings ......................................................... 10
Item 4. Submission of Matters to a Vote of Security Holders ............................. 13
Executive Officers of the Registrant and Principal Executive Officers of Subsidiaries . . . 13
PART II
Item 5. Market for the Registrant’s Common Equity, Related Shareholder Matters, and Issuer
Purchases of Equity Securities ............................................. 15
Item 6. Selected Financial Data .................................................... 16
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations ............................................................ 17
Critical Accounting Policies ................................................. 37
Cautionary Information ................................................... 40
Item 7A. Quantitative and Qualitative Disclosures about Market Risk ....................... 42
Item 8. Financial Statements and Supplementary Data ................................. 43
Report of Independent Registered Public Accounting Firm ....................... 44
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial
Disclosure ............................................................. 73
Item 9A. Controls and Procedures ................................................... 73
Management’s Annual Report on Internal Control Over Financial Reporting ......... 74
Report of Independent Registered Public Accounting Firm ....................... 75
Item 9B. Other Information ........................................................ 76
PART III
Item 10. Directors and Executive Officers of the Registrant ............................... 77
Item 11. Executive Compensation ................................................... 77
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters ..................................................... 77
Item 13. Certain Relationships and Related Transactions ................................. 78
Item 14. Principal Accounting Fees and Services ....................................... 78
PART IV
Item 15. Exhibits, Financial Statement Schedules ....................................... 79
Signatures ............................................................... 80
Certifications ............................................................ 89
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