Union Pacific 2006 Annual Report Download - page 47

CAUTIONARY INFORMATION
Certain statements in this report, and statements in other reports or information filed or to be filed with the SEC
(as well as information included in oral statements or other written statements made or to be made by us), are, or
will be, forward-looking statements as defined by the Securities Act of 1933 and the Securities Exchange Act of
1934. These forward-looking statements include, without limitation, statements and information set forth under
the caption “2007 Outlook” in this Item 7, and any other statements or information in this report (including
information incorporated herein by reference) regarding: expectations as to operational or service improvements;
expectations regarding the effectiveness of steps taken or to be taken to improve operations, service, infrastructure
improvements, transportation plan modifications, and management of customer traffic on the system to meet
demand; expectations as to cost savings, revenue growth, and earnings; the time by which goals, targets, or
objectives will be achieved; projections, predictions, expectations, estimates, or forecasts as to our business,
financial and operational results, future economic performance, and general economic conditions; proposed new
products and services; estimates of costs relating to environmental remediation and restoration; expectations that
claims, litigation, environmental costs, commitments, contingent liabilities, labor negotiations or agreements, or
other matters will not have a material adverse effect on our consolidated results of operations, financial condition,
or liquidity and any other similar expressions concerning matters that are not historical facts.
Forward-looking statements should not be read as a guarantee of future performance or results, and will not
necessarily be accurate indications of the times that, or by which, such performance or results will be achieved.
Forward-looking information is subject to risks and uncertainties that could cause actual performance or results
to differ materially from those expressed in the statements.
Forward-looking statements and information reflect the good faith consideration by management of
currently available information, and may be based on underlying assumptions believed to be reasonable under the
circumstances. However, such information and assumptions (and, therefore, such forward-looking statements
and information) are or may be subject to variables or unknown or unforeseeable events or circumstances over
which management has little or no influence or control. The Risk Factors in Item 1A of this report could affect
our future results and could cause those results or other outcomes to differ materially from those expressed or
implied in the forward-looking statements.
Forward-looking statements speak only as of the date the statement was made. We assume no obligation to
update forward-looking information to reflect actual results, changes in assumptions or changes in other factors
affecting forward-looking information. If we do update one or more forward-looking statements, no inference
should be drawn that we will make additional updates with respect thereto or with respect to other forward-
looking statements.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk
Information concerning market risk sensitive instruments is set forth under Management’s Discussion and
Analysis of Financial Condition and Results of Operations — Other Matters, Item 7.
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