View 2008 Fact Book - Union Pacific

More documents

Recommendations

Info

DEBT TO CAPITAL/ADJUSTED DEBT TO CAPITALReconciliation to GAAP(In millions of dollars except percentages)2008 2007 2006Debt (a) $8,927 $7,682 $6,780Equity 15,447 15,585 15,312Capital (b) $24,374 $23,267 $22,092Debt to Capital (a/b) 36.6% 33.0% 30.7%2008 2007 2006Debt $8,927 $7,682 $6,780Value of Sold Receivables 584 600 600Net Present Value of Operating Leases 3,690 3,783 3,513Unfunded Pension and OPEB 733 234 317Adjusted Debt (a) $13,934 $12,299 $11,210Equity 15,447 15,585 15,312Adjusted Capital (b) $29,381 $27,884 $26,522Adjusted Debt to Capital (a/b) 47.4% 44.1% 42.3%37
2005 INCOME TAX ADJUSTMENTReconciliation to GAAP(In millions of dollars except earnings per share)Management believes certain non-GAAP measures provide an alternative presentation of the results that moreaccurately reflect on-going Company operations. The full year 2005 net income of $908 million and earnings perdiluted share of $3.41, which excluded the income tax expense reduction item reported in the third quarter of 2005,are non-GAAP measures. Management believes these measures provide an alternative presentation of results thatmore accurately reflects on-going Company operations, without the distorting effects of the income tax expensereduction item. These measures should be considered in addition to, not a substitute for, the reported GAAP results.Full Year 2005 Results As Reported Income Tax AdjustmentOperating Revenue $13,578 $13,578Operating Expenses 11,783 11,783Operating Income 1,795 1,795Operating Margin 13.2% 13.2%Operating Ratio 86.8% 86.8%Other Income - Net 145 145Interest Expense (504) (504)Income Before Income Taxes 1,436 1,436Income Tax Expense (410) (528)(a)Net Income $1,026 $908Diluted Earnings Per Share $3.85 $3.41Diluted Earnings Per Share -Restated for May 28, 2008 Stock Split $1.92 $1.71Third Quarter 2005 Results As Reported Income Tax AdjustmentOperating Revenue $3,461 $3,461Operating Expenses 2,980 2,980Operating Income 481 481Operating Margin 13.9% 13.9%Operating Ratio 86.1% 86.1%Other Income - Net 42 42Interest Expense (124) (124)Income Before Income Taxes 399 399Income Tax Expense (30) (148)(a)Net Income $369 $251Diluted Earnings Per Share $1.38 $0.94Diluted Earnings Per Share -Restated for May 28, 2008 Stock Split $0.69 $0.47(a) Income tax expense reduction of $118 million after-tax taken in third quarter 2005Note: Totals may not foot due to rounding38
Page 4: Company OverviewUnion Pacifi c Corp
Page 7 and 8: The Year in Review - OperationsThe
Page 10 and 11: Safety and the Environmentparticula
Page 12 and 13: Track and Terminal DensityLane dens
Page 14 and 15: AgriculturalCommodity ProfileAgricu
Page 16 and 17: AutomotiveCommodity Profile2008 Car
Page 18 and 19: Automotive Facilities and Assembly
Page 20 and 21: Chemicals2009 Market DriversThe cur
Page 22 and 23: Energyestablished train size produc
Page 24 and 25: Industrial ProductsCommodity Profil
Page 26 and 27: IntermodalCommodity Profile2008 Uni
Page 28 and 29: Intermodal TerminalsSeattleTacomaPo
Page 30 and 31: Mexicofor all commodities are expec
Page 32 and 33: CONSOLIDATED STATEMENTS OF INCOMEUn
Page 34 and 35: CONSOLIDATED STATEMENTS OF CASH FLO
Page 36 and 37: NON-GAAP DEFINITIONSManagement beli
Page 40: Cautionary InformationThe 2008 Anal

View 2008 Fact Book - Union Pacific

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?