Union Pacific 2001 Annual Report Download - page 66

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40
Millions of Dollars 2001 2000 1999
Depreciation and amortization:
Rail.......................................................................................... $ 1,120 $ 1,089 $ 1,034
Trucking ................................................................................. 48 48 46
Other....................................................................................... 6 3 3
Consolidated .......................................................................... $ 1,174 $ 1,140 $ 1,083
Operating income:[b]
Rail.......................................................................................... $ 2,081 $ 1,903 $ 1,822
Trucking ................................................................................. 54 53 20
Other....................................................................................... (63) (53) (38)
Consolidated .......................................................................... $ 2,072 $ 1,903 $ 1,804
Interest expense:
Rail.......................................................................................... $ 584 $ 592 $ 618
Trucking ................................................................................. 1 1 1
Other....................................................................................... 116 130 114
Consolidated .......................................................................... $ 701 $ 723 $ 733
Income tax expense:
Rail.......................................................................................... $ 613 $ 511 $ 465
Trucking ................................................................................. 29 28 8
Other....................................................................................... (75) (71) (54)
Consolidated .......................................................................... $ 567 $ 468 $ 419
Earnings of nonconsolidated affiliates:[c]
Rail.......................................................................................... $ 78 $ 78 $ 55
Trucking ................................................................................. - - -
Other....................................................................................... - - -
Consolidated .......................................................................... $ 78 $ 78 $ 55
Net income:[d]
Rail.......................................................................................... $ 1,058 $ 926 $ 854
Trucking ................................................................................. 46 43 29
Other....................................................................................... (138) (127) (73)
Consolidated .......................................................................... $ 966 $ 842 $ 810
Investments in nonconsolidated affiliates:[c]
Rail.......................................................................................... $ 708 $ 644 $ 657
Trucking ................................................................................. - - -
Other....................................................................................... - - -
Consolidated .......................................................................... $ 708 $ 644 $ 657
Assets:
Rail.......................................................................................... $30,563 $29,993 $29,184
Trucking ................................................................................. 751 677 695
Other....................................................................................... 237 247 313
Consolidated .......................................................................... $31,551 $30,917 $30,192
Capital investments:
Rail.......................................................................................... $ 1,687 $ 1,735 $ 1,777
Trucking ................................................................................. 40 33 55
Other....................................................................................... 9 15 2
Consolidated .......................................................................... $ 1,736 $ 1,783 $ 1,834
[a] The Corporation has no significant intercompany sales activities.
[b] Included the $115 million pre-tax ($72 million after-tax) work force reduction charge in 2000.
[c] The Railroad has equity interests in several railroad-related and other businesses.
[d] “Other” included the $43 million pre-tax ($27 million after-tax) adjustment of a liability related to the discontinued
operations of a former subsidiary in 1999 (note 3).
2. Acquisitions
Southern Pacific – During 2001, UPC completed its integration of Southern Pacific's rail operations. UPC consummated
the acquisition of Southern Pacific in September 1996 for $4.1 billion. Sixty percent of the outstanding Southern Pacific
common shares were converted into UPC common stock, and the remaining 40% of the outstanding shares was acquired