Revenue Analysis
Total Revenue for UNP has shown a progressive increase over the reported periods, starting from $5,956,000,000 in 2023-06 to $6,031,000,000 in 2023-09, $6,159,000,000 in 2023-12, and reaching $6,031,000,000 in 2024-03. Operating Revenue follows a similar trend, steadily increasing across the periods.
The Gross Profit has also seen a gradual increase from $2,555,000,000 in 2023-06 to $2,727,000,000 in 2024-03, indicating improved efficiency or product mix over time.
Cost Management
The Cost of Revenue peaked in the period ending 2024-03 at $3,304,000,000, having risen from earlier values around $3,386,000,000 to $3,391,000,000 in the previous quarters. Operating Expenses and Total Expenses have shown a general trend of increase, possibly indicating rising operational costs or increased scale of operations.
Profitability Analysis
EBITDA remained constant around $2,860,000,000 to $3,100,000,000. Operating Income shows slight fluctuations but generally indicates a stable operating performance. Pretax Income and Net Income have shown relative stability, with Net Income ranges from $1,528,000,000 in 2023-09 to $1,641,000,000 in 2024-03.
Cash Flow Indicators
Reconciled Depreciation shows a marginal increase across the periods, suggesting ongoing capital asset investments. Interest Expense is noted consistently around $324,000,000 to $339,000,000 indicating steady debt service costs.
Taxation
Tax rates used for calculations have ranged from 21.6% to nearly 24.3%. Tax Provisions have risen from $389,000,000 in 2023-06 to $499,000,000 in 2024-03, reflecting the progressive increase in taxable profits. The Tax Effect of Unusual Items offers insights into non-routine transactions affecting taxable profits.
Shareholder Metrics
Diluted and Basic EPS have shown slight improvements over time, trending from 2.57 to 2.69. Average shares used in computations have been relatively stable, indicating no significant buybacks or dilutions. Net Income Available to Common Stockholders has had a steady climb, mirroring the net income trend.
Conclusion
UNP’s financial performance over the last three periods portrays a company with increasing revenues and profits, albeit with rising costs. The steady increase in gross profit and net income suggests effective revenue generation and cost management strategies. Investors might view the steady increase in EPS positively, suggesting a stable investment with growth potential, despite the general cost pressures.
Appendices
Include supporting data tables and calculations in supplementary documentation.