Union Pacific 2007 Annual Report Download - page 23

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Item 6. Selected Financial Data
The following table presents as of, and for the years ended, December 31, our selected financial data for each
of the last five years. The selected financial data should be read in conjunction with Management’s Discussion
and Analysis of Financial Condition and Results of Operations, Item 7, and with the Financial Statements and
Supplementary Data, Item 8. The information below is not necessarily indicative of the results of future
operations.
Millions of Dollars, Except per Share Amounts,
Carloads, Employee Statistics, and Ratios 2007 2006 2005 [a] 2004 [b] 2003 [c]
For the Year Ended December 31
Operating revenue [d] .................................................... $16,283 $15,578 $13,578 $12,215 $11,551
Operating income ........................................................... 3,375 2,884 1,795 1,295 2,133
Income from continuing operations ............................. 1,855 1,606 1,026 604 1,056
Net income ...................................................................... 1,855 1,606 1,026 604 1,585
Per share – basic:
Income from continuing operations .......................... 6.97 5.96 3.89 2.33 4.15
Net income................................................................... 6.97 5.96 3.89 2.33 6.23
Per share – diluted:
Income from continuing operations .......................... 6.91 5.91 3.85 2.30 4.07
Net income................................................................... 6.91 5.91 3.85 2.30 6.04
Dividends declared per share ......................................... 1.49 1.20 1.20 1.20 0.99
Cash provided by operating activities............................ 3,277 2,880 2,595 2,257 2,443
At December 31
Total assets ...................................................................... $38,033 $36,515 $35,620 $34,596 $33,496
Debt due after one year................................................... 7,543 6,000 6,760 7,981 7,822
Common shareholders’ equity....................................... 15,585 15,312 13,707 12,655 12,354
Equity per common share [e] ........................................ 59.74 56.68 51.41 48.58 47.85
Additional Data
Commodity revenue [d]................................................. $15,516 $14,862 $12,957 $11,692 $11,041
Carloads (000)................................................................. 9,733 9,852 9,544 9,458 9,239
Operating margin (%) [f]............................................... 20.7 18.5 13.2 10.6 18.5
Operating ratio (%) [f]................................................... 79.3 81.5 86.8 89.4 81.5
Average employees (000)................................................ 50.1 50.7 49.7 48.3 46.4
Operating revenue per employee (000) ......................... $ 325.0 $ 307.2 $ 273.2 $ 252.9 $ 248.9
Financial Ratios (%)
Debt to capital [g] ........................................................... 33.0 30.7 35.1 39.1 39.3
Return on average common shareholders’ equity ........ 12.0 11.1 7.8 4.8 13.8
[a] 2005 net income includes a $118 million tax expense reduction to reflect a reduction in the estimated deferred income tax liability.
[b] 2004 operating income and net income includes a $247 million pre-tax ($154 million after-tax) charge for unasserted asbestos-related
claims.
[c] Net income and total assets include the effects of the disposition of all of our trucking interests in 2003.
[d] Includes fuel surcharge revenue of $1,478 million, $1,619 million, $963 million, $292 million, and $93 million for 2007, 2006, 2005,
2004, and 2003, respectively, which partially offsets increased operating expenses for fuel. 2007 fuel surcharge revenue is not comparable
to prior periods due to implementation of new mileage-based fuel surcharge programs. See further discussion in Management’s
Discussion and Analysis of Financial Condition and Results of Operations – Results of Operations – Operating Revenue, Item 7.
[e] Equity per common share is calculated as follows: common shareholders’ equity divided by common shares issued less treasury shares
outstanding.
[f] Operating margin is defined as operating income divided by operating revenue. Operating ratio is defined as operating expenses divided
by operating revenue.
[g] Debt to capital is determined as follows: total debt divided by total debt plus equity.