Union Pacific 2011 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 of the 2011 Union Pacific annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 102

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102

52
CONSOLIDATED STATEMENTS OF INCOME
Union Pacific Corporation and Subsidiary Companies
Millions, Except Per Share Amounts,
for the Years Ended December 31, 2011 2010 2009
Operating revenues:
Freight revenues $ 18,508 $ 16,069 $ 13,373
Other revenues 1,049 896 770
Total operating revenues 19,557 16,965 14,143
Operating expenses:
Compensation and benefits 4,681 4,314 4,063
Fuel 3,581 2,486 1,763
Purchased services and materials 2,005 1,836 1,644
Depreciation 1,617 1,487 1,427
Equipment and other rents 1,167 1,142 1,180
Other 782 719 687
Total operating expenses 13,833 11,984 10,764
Operating income 5,724 4,981 3,379
Other income (Note 6) 112 54 195
Interest expense (572) (602) (600)
Income before income taxes 5,264 4,433 2,974
Income taxes (Note 7) (1,972) (1,653) (1,084)
Net income $ 3,292 $ 2,780 $ 1,890
Share and Per Share (Note 8):
Earnings per share - basic $ 6.78 $ 5.58 $ 3.76
Earnings per share - diluted $ 6.72 $ 5.53 $ 3.74
Weighted average number of shares - basic 485.7 498.2 503.0
Weighted average number of shares - diluted 489.8 502.9 505.8
Dividends declared per share $ 1.93 $ 1.31 $ 1.08
The accompanying notes are an integral part of these Consolidated Financial Statements.