Union Pacific 2012 Annual Report Download - page 21

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21
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 future
financial condition or results of operations.
Millions, Except per Share Amounts,
Carloads, Employee Statistics, and Ratios 2012 2011 2010 2009 2008
For the Year Ended December 31
Operating revenues [a] $ 20,926 $ 19,557 $ 16,965 $ 14,143 $ 17,970
Operating income 6,745 5,724 4,981 3,379 4,070
Net income 3,943 3,292 2,780 1,890 2,335
Earnings per share - basic 8.33 6.78 5.58 3.76 4.57
Earnings per share - diluted 8.27 6.72 5.53 3.74 4.53
Dividends declared per share 2.49 1.93 1.31 1.08 0.98
Cash provided by operating activities 6,161 5,873 4,105 3,204 4,044
Cash used in investing activities (3,633) (3,119) (2,488) (2,145) (2,738)
Cash used in financing activities (2,682) (2,623) (2,381) (458) (935)
Cash used for common share repurchases (1,474) (1,418) (1,249) - (1,609)
At December 31
Total assets $ 47,153 $ 45,096 $ 43,088 $ 42,184 $ 39,509
Long-term obligations 24,157 23,201 22,373 22,701 21,314
Debt due after one year 8,801 8,697 9,003 9,636 8,607
Common shareholders' equity 19,877 18,578 17,763 16,801 15,315
Additional Data
Freight revenues [a] $ 19,686 $ 18,508 $ 16,069 $ 13,373 $ 17,118
Revenue carloads (units) (000) 9,048 9,072 8,815 7,786 9,261
Operating ratio (%) [b] 67.8 70.7 70.6 76.1 77.4
Average employees (000) 45.9 44.9 42.9 43.5 48.2
Financial Ratios (%)
Debt to capital [c] 31.2 32.4 34.2 37.0 36.8
Return on average common
shareholders' equity [d] 20.5 18.1 16.1 11.8 15.2
[a] Includes fuel surcharge revenue of $2.6 billion, $2.2 billion, $1.2 billion, $0.6 billion, and $2.3 billion for 2012, 2011, 2010,
2009, and 2008, respectively, which partially offsets increased operating expenses for fuel. Fuel surcharge revenue is no
t
comparable from year to year due to implementation of new mileage-based fuel surcharge programs in each respective year.
(See further discussion in Management’s Discussion and Analysis of Financial Condition and Results of Operations – Results
of Operations – Operating Revenues, Item 7.)
[b] Operating ratio is defined as operating expenses divided by operating revenues.
[c] Debt to capital is determined as follows: total debt divided by total debt plus common shareholders' equity.
[d] Return on average common shareholders' equity is determined as follows: Net income divided by average common
shareholders' equity.