Union Pacific 2012 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, 2012 2011 2010
Operating revenues:
Freight revenues $ 19,686 $ 18,508 $ 16,069
Other revenues 1,240 1,049 896
Total operating revenues 20,926 19,557 16,965
Operating expenses:
Compensation and benefits 4,685 4,681 4,314
Fuel 3,608 3,581 2,486
Purchased services and materials 2,143 2,005 1,836
Depreciation 1,760 1,617 1,487
Equipment and other rents 1,197 1,167 1,142
Other 788 782 719
Total operating expenses 14,181 13,833 11,984
Operating income 6,745 5,724 4,981
Other income (Note 6) 108 112 54
Interest expense (535) (572) (602)
Income before income taxes 6,318 5,264 4,433
Income taxes (Note 7) (2,375) (1,972) (1,653)
Net income $ 3,943 $ 3,292 $ 2,780
Share and Per Share (Note 8):
Earnings per share - basic $ 8.33 $ 6.78 $ 5.58
Earnings per share - diluted $ 8.27 $ 6.72 $ 5.53
Weighted average number of shares - basic 473.1 485.7 498.2
Weighted average number of shares - diluted 476.5 489.8 502.9
Dividends declared per share $ 2.49 $ 1.93 $ 1.31
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Union Pacific Corporation and Subsidiary Companies
Millions,
for the Years Ended December 31, 2012 2011 2010
Net income $ 3,943 $ 3,292 $ 2,780
Other comprehensive income/(loss):
Defined benefit plans (145) (301) (88)
Foreign currency translation 12 (20) 7
Derivatives 1 1 1
Total other comprehensive loss [a] (132) (320) (80)
Comprehensive income $ 3,811 $ 2,972 $ 2,700
[a] Net of deferred taxes of $82 million, $199 million, and $57 million during 2012, 2011, and 2010, respectively.
The accompanying notes are an integral part of these Consolidated Financial Statements.