Union Pacific 2002 Annual Report Download - page 63

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37
CONSOLIDATED STATEMENTS OF INCOME
Union Pacific Corporation and Subsidiary Companies
Millions, Except Per Share Amounts,
for the Years Ended December 31, 2002 2001 2000
Operating Revenues Rail, trucking and other ......................................... $ 12,491 $ 11,973 $ 11,878
Operating Expenses Salaries, wages and employee benefits................... 4,501 4,276 4,311
Equipment and other rents.................................... 1,366 1,307 1,281
Depreciation ........................................................... 1,206 1,174 1,140
Fuel and utilities ..................................................... 1,133 1,316 1,350
Materials and supplies............................................ 530 537 593
Casualty costs.......................................................... 414 376 360
Purchased services and other costs........................ 1,017 915 940
Total......................................................................... 10,167 9,901 9,975
Income Operating income .................................................. 2,324 2,072 1,903
Other income.......................................................... 325 162 130
Interest expense ...................................................... (633) (701) (723)
Income before income taxes .................................. 2,016 1,533 1,310
Income taxes ........................................................... (675) (567) (468)
Net income ............................................................. $ 1,341 $ 966 $ 842
Share and Per Share Basic - earnings per share ...................................... $ 5.32 $ 3.90 $ 3.42
Diluted - earnings per share .................................. $ 5.05 $ 3.77 $ 3.34
Weighted average number of shares (basic) ......... 252.1 248.0 246.5
Weighted average number of shares (diluted)...... 276.8 271.9 269.5
Dividends ................................................................ $ 0.83 $ 0.80 $ 0.80
The accompanying notes are an integral part of these Consolidated Financial Statements.