Union Pacific 2010 Annual Report Download - page 51

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51
CONSOLIDATED STATEMENTS OF INCOME
Union Pacific Corporation and Subsidiary Companies
Millions, Except Per Share Amounts,
for the Years Ended December 31, 2010 2009 2008
Operating revenues:
Freight revenues $ 16,069 $ 13,373 $ 17,118
Other revenues 896 770 852
Total operating revenues 16,965 14,143 17,970
Operating expenses:
Compensation and benefits 4,314 4,063 4,457
Fuel 2,486 1,763 3,983
Purchased services and materials 1,836 1,644 1,928
Depreciation 1,487 1,427 1,366
Equipment and other rents 1,142 1,180 1,326
Other 719 687 840
Total operating expenses 11,984 10,764 13,900
Operating income 4,981 3,379 4,070
Other income (Note 6) 54 195 92
Interest expense (602) (600) (511)
Income before income taxes 4,433 2,974 3,651
Income taxes (Note 7) (1,653) (1,084) (1,316)
Net income $ 2,780 $ 1,890 $ 2,335
Share and Per Share (Note 8)
Earnings per share - basic $ 5.58 $ 3.76 $ 4.57
Earnings per share - diluted $ 5.53 $ 3.74 $ 4.53
Weighted average number of shares - basic 498.2 503.0 510.6
Weighted average number of shares - diluted 502.9 505.8 515.0
Dividends declared per share $ 1.31 $ 1.08 $ 0.98
The accompanying notes are an integral part of these Consolidated Financial Statements.