Union Pacific 2002 Annual Report Download - page 2

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$ MILLIONS
Net Income
Union Pacific Corporation
*excluding $72 million after-tax
work force reduction charge
99 00 01 02
$810
$914*
$842
$966
$1,341
$ MILLIONS
Operating Income
Union Pacific Corporation
99 00 01 02
$1,804 $1,903
$2,072
$2,324
$ MILLIONS
Operating Revenues
Union Pacific Corporation
99 00 01 02
$11,237
$11,878 $11,973
$12,491
2002 Stock Price
Comparison
UNPDOW S&P
-17% -23%
+5%
Millions of Dollars, Except Ratios and Per Share Amounts 2002 2001 2000[a]
For the Year
Operating Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $12,491 $11,973 $11,878
Operating Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,324 2,072 1,903
Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,341 966 842
Net Income Per Share - Basic . . . . . . . . . . . . . . . . . . . . . . . . . 5.32 3.90 3.42
Net Income Per Share - Diluted . . . . . . . . . . . . . . . . . . . . . . . 5.05 3.77 3.34
Dividends Per Share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.83 0.80 0.80
Operating Cash Flow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,250 1,992 2,053
Capital Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,887 1,736 1,783
At Year-End
Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $32,764 $31,551 $30,917
Total Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,704 8,080 8,351
Common Shareholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . 10,651 9,575 8,662
Equity Per Common Share . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.99 38.26 35.09
Financial Ratios (%)
Operating Margin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.6 17.3 16.0
Operating Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81.4 82.7 84.0
Debt to Capital Employed[b] . . . . . . . . . . . . . . . . . . . . . . . . . . 38.8 42.2 45.1
Return on Average Common Shareholders’ Equity . . . . . . . . 13.3 10.6 10.1
[a]2000 operating income and net income included a work force reduction charge of $115 million pre-tax and $72 million after-tax
(see note 13 to the Consolidated Financial Statements in Form 10-K).
[b]Debt to capital employed is computed as follows: total debt divided by debt plus equity plus convertible preferred securities.
FINANCIAL HIGHLIGHTS