Union Pacific Cash Flow Statement
NYSE: UNPIndustrialsRailroadsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Union Pacific free cash flow
In fiscal 2025, Union Pacific generated $9.29 billion of operating cash flow and spent $3.79 billion on capital expenditures. That left free cash flow of $5.50 billion, a free-cash-flow margin of 22.4% of revenue. Free cash flow was down 6.7% from the prior year's $5.89 billion.
Union Pacific returned $5.92 billion to shareholders: $3.24 billion in dividends and $2.68 billion in share repurchases, equal to 108% of free cash flow. Free cash flow covered dividend payments 1.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
Union Pacific cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 7.14B | 6.75B | 6.38B | 7.00B | 6.52B | 5.35B | 5.92B | 5.97B | 10.71B | 4.23B |
| Net Income growth (YoY) | +5.80% | +5.77% | -8.85% | +7.28% | +21.95% | -9.63% | -0.79% | -44.31% | +153.06% | -11.30% |
| Depreciation & Amortization | 2.46B | 2.40B | 2.32B | 2.25B | 2.21B | 2.21B | 2.22B | 2.19B | 2.10B | 2.04B |
| Stock-Based Compensation | 142.00M | 118.00M | 107.00M | 99.00M | 88.00M | 73.00M | 93.00M | 96.00M | 103.00M | 82.00M |
| Change in Working Capital | -162.00M | 368.00M | -392.00M | 396.00M | -33.00M | 17.00M | -19.00M | -387.00M | -53.00M | 330.00M |
| Operating Cash Flow | 9.29B | 9.35B | 8.38B | 9.36B | 9.03B | 8.54B | 8.61B | 8.69B | 7.23B | 7.53B |
| Capital Expenditures | -3.79B | -3.45B | -3.61B | -3.62B | -2.94B | -2.93B | -3.45B | -3.44B | -3.24B | -3.50B |
| Investing Cash Flow | -3.76B | -3.33B | -3.67B | -3.47B | -2.71B | -2.68B | -3.44B | -3.41B | -3.09B | -3.39B |
| Dividends Paid | -3.24B | -3.21B | -3.17B | -3.16B | -2.80B | -2.63B | -2.60B | -2.30B | -1.98B | -1.88B |
| Share Repurchases | -2.68B | -1.50B | -705.00M | -6.28B | -7.29B | -3.71B | -5.80B | -8.22B | -4.01B | -3.10B |
| Debt Issued | 2.00B | 800.00M | 1.60B | 6.08B | 4.20B | 4.00B | 3.99B | 6.89B | 2.73B | 1.98B |
| Financing Cash Flow | -5.28B | -6.07B | -4.63B | -5.89B | -7.16B | -4.90B | -5.65B | -5.22B | -4.15B | -4.25B |
| Net Change in Cash | 252.00M | -46.00M | 87.00M | 4.00M | -835.00M | 962.00M | -472.00M | 53.00M | -2.00M | -114.00M |
| Free Cash Flow | 5.50B | 5.89B | 4.77B | 5.74B | 6.10B | 5.61B | 5.16B | 5.25B | 3.99B | 4.02B |
This table shows 10 annual periods of Union Pacific's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow UNP's reporting calendar. What is a cash flow statement?