2023 Q2 Form 10-Q Financial Statement

#000143774923010730 Filed on April 20, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $5.963B $6.056B
YoY Change -4.88% 3.34%
Cost Of Revenue $1.314B $1.419B
YoY Change -15.88% 11.29%
Gross Profit $4.649B $4.637B
YoY Change -1.23% 1.13%
Gross Profit Margin 77.96% 76.57%
Selling, General & Admin $1.517B $1.414B
YoY Change 14.75% 7.45%
% of Gross Profit 32.63% 30.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $577.0M $572.0M
YoY Change 3.22% 3.06%
% of Gross Profit 12.41% 12.34%
Operating Expenses $2.445B $2.343B
YoY Change 10.53% 6.11%
Operating Profit $2.204B $2.294B
YoY Change -11.66% -3.49%
Interest Expense -$339.0M $336.0M
YoY Change -207.28% 9.45%
% of Operating Profit -15.38% 14.65%
Other Income/Expense, Net $93.00M $184.0M
YoY Change -42.94% 291.49%
Pretax Income $1.958B $2.142B
YoY Change -16.4% 1.18%
Income Tax $389.0M $512.0M
% Of Pretax Income 19.87% 23.9%
Net Earnings $1.569B $1.630B
YoY Change -14.5% 0.0%
Net Earnings / Revenue 26.31% 26.92%
Basic Earnings Per Share $2.58 $2.67
Diluted Earnings Per Share $2.57 $2.67
COMMON SHARES
Basic Shares Outstanding 609.7M 611.9M
Diluted Shares Outstanding 609.5M 611.5M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $830.0M $1.079B
YoY Change -0.48% 12.98%
Cash & Equivalents $830.0M $1.079B
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $354.0M $296.0M
YoY Change 18.0% 24.89%
Inventory $742.0M $728.0M
Prepaid Expenses
Receivables $1.826B $1.955B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.752B $4.058B
YoY Change -5.63% 4.7%
LONG-TERM ASSETS
Property, Plant & Equipment $58.29B $56.27B
YoY Change 5.38% 2.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.524B $2.439B
YoY Change 10.36% 7.02%
Other Assets $1.465B $1.497B
YoY Change 26.73% 35.48%
Total Long-Term Assets $62.28B $61.91B
YoY Change 3.01% 2.88%
TOTAL ASSETS
Total Short-Term Assets $3.752B $4.058B
Total Long-Term Assets $62.28B $61.91B
Total Assets $66.03B $65.97B
YoY Change 2.47% 2.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $894.0M $952.0M
YoY Change -0.22% 9.68%
Accrued Expenses $1.531B $1.331B
YoY Change 24.98% 21.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.745B $2.592B
YoY Change -25.24% 66.26%
Total Short-Term Liabilities $5.249B $6.209B
YoY Change -12.55% 13.68%
LONG-TERM LIABILITIES
Long-Term Debt $31.56B $31.19B
YoY Change 6.35% 1.67%
Other Long-Term Liabilities $2.964B $1.796B
YoY Change 49.47% -9.38%
Total Long-Term Liabilities $34.52B $1.796B
YoY Change 1640.85% -9.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.249B $6.209B
Total Long-Term Liabilities $34.52B $1.796B
Total Liabilities $52.84B $53.51B
YoY Change 2.14% 2.61%
SHAREHOLDERS EQUITY
Retained Earnings $60.50B $59.72B
YoY Change 6.22% 6.77%
Common Stock $2.782B $2.782B
YoY Change 0.04% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $54.70B $54.59B
YoY Change 6.8% 8.07%
Treasury Stock Shares
Shareholders Equity $13.19B $12.45B
YoY Change
Total Liabilities & Shareholders Equity $66.03B $65.97B
YoY Change 2.47% 2.99%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $1.569B $1.630B
YoY Change -14.5% 0.0%
Depreciation, Depletion And Amortization $577.0M $572.0M
YoY Change 3.22% 3.06%
Cash From Operating Activities $2.018B $1.840B
YoY Change 4.51% -17.71%
INVESTING ACTIVITIES
Capital Expenditures $835.0M $772.0M
YoY Change -204.77% -8.96%
Acquisitions
YoY Change
Other Investing Activities -$34.00M $91.00M
YoY Change -136.56% 355.0%
Cash From Investing Activities -$869.0M -$805.0M
YoY Change 23.44% -3.71%
FINANCING ACTIVITIES
Cash Dividend Paid $795.0M
YoY Change 7.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.401B -$927.0M
YoY Change 4.32% -36.2%
NET CHANGE
Cash From Operating Activities 2.018B $1.840B
Cash From Investing Activities -869.0M -$805.0M
Cash From Financing Activities -1.401B -$927.0M
Net Change In Cash -252.0M $108.0M
YoY Change 117.24% -303.77%
FREE CASH FLOW
Cash From Operating Activities $2.018B $1.840B
Capital Expenditures $835.0M $772.0M
Free Cash Flow $1.183B $1.068B
YoY Change -56.63% -23.05%

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CY2023Q1 us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
-102000000 usd
CY2022Q1 us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
-100000000 usd
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-7000000 usd
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-51000000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-927000000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1453000000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
108000000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-53000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
987000000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
983000000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1095000000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
930000000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
156000000 usd
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
157000000 usd
CY2023Q1 unp Repurchase Of Common Stock Not Yet Paid
RepurchaseOfCommonStockNotYetPaid
15000000 usd
CY2022Q1 unp Repurchase Of Common Stock Not Yet Paid
RepurchaseOfCommonStockNotYetPaid
10000000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-35000000 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-7000000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
454000000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
382000000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1079000000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
909000000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1095000000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
930000000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
14161000000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
1630000000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
36000000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5000000 usd
CY2022Q1 unp Treasury Stock Value Acquired Cost Method Including Amount Paid In Excess
TreasuryStockValueAcquiredCostMethodIncludingAmountPaidInExcess
3193000000 usd
CY2022Q1 us-gaap Dividends
Dividends
742000000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
11897000000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
12163000000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1630000000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
22000000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
23000000 usd
CY2023Q1 unp Treasury Stock Value Acquired Cost Method Including Amount Paid In Excess
TreasuryStockValueAcquiredCostMethodIncludingAmountPaidInExcess
591000000 usd
CY2023Q1 us-gaap Dividends
Dividends
793000000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
12454000000 usd
CY2023Q1 us-gaap Basis Of Accounting
BasisOfAccounting
<p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><span style="color:#000000;"><b><em style="font: inherit;">1.</em> Basis of Presentation</b></span></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><span style="color:#000000;">Our Condensed Consolidated Financial Statements are unaudited and reflect all adjustments (consisting of normal and recurring adjustments) that are, in the opinion of management, necessary for their fair presentation in conformity with accounting principles generally accepted in the United States of America (GAAP). Pursuant to the rules and regulations of the Securities and Exchange Commission (SEC), certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, this Quarterly Report on Form <em style="font: inherit;">10</em>-Q should be read in conjunction with our Consolidated Financial Statements and notes thereto contained in our </span><em style="font: inherit;">2022</em><span style="color:#000000;"> Annual Report on Form <em style="font: inherit;">10</em>-K. Our Consolidated Statement of Financial Position at </span><em style="font: inherit;"> December 31, 2022</em><span style="color:#000000;">, is derived from audited financial statements. The results of operations for the <em style="font: inherit;">three</em> months ended </span><em style="font: inherit;"> March 31, 2023</em><span style="color:#000000;">, are <em style="font: inherit;">not</em> necessarily indicative of the results for the entire year ending </span><em style="font: inherit;"> December 31, 2023</em><span style="color:#000000;">.</span></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><span style="color:#000000;">The Condensed Consolidated Financial Statements are presented in accordance with GAAP as codified in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC).</span></p>
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><span style="color:#000000;"><b><em style="font: inherit;">2.</em> Operations and Segmentation</b></span></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; text-align: justify; margin: 0pt;"><span style="color:#000000;">The Railroad, along with its subsidiaries and rail affiliates, is our <span style="-sec-ix-hidden:c96664493">one</span> reportable operating segment. Although we provide and analyze revenues by commodity group, we treat the financial results of the Railroad as <span style="-sec-ix-hidden:c96664494">one</span> segment due to the integrated nature of our rail network. Our operating revenues are primarily derived from contracts with customers for the transportation of freight from origin to destination.</span></p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"><span style="color:#000000;">The following table represents a disaggregation of our freight and other revenues:</span></p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <table cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: Arial, Helvetica, sans-serif; text-indent: 0px; margin-left: 0pt; margin-right: 0pt;"> <tbody> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 76%; border-top: 1px solid rgb(0, 0, 0);"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;"><i>Millions, for the Three Months Ended March 31,</i></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); width: 2%;"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); width: 2%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: right; margin: 0pt;"><b><i><em style="font: inherit;">2023</em></i></b></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); width: 1%;"> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); width: 2%;"> </td> <td colspan="2" style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); width: 2%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; text-align: right; margin: 0pt;"><i><em style="font: inherit;">2022</em></i></p> </td> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); width: 1%;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 76%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">Bulk</p> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><b>$</b></td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><b>1,897</b></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;">1,832</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 76%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">Industrial</p> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><b>2,017</b></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;">1,921</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 76%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">Premium</p> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><b>1,742</b></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1,687</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 76%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">Total freight revenues</p> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><b>$</b></td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><b>5,656</b></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">5,440</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 76%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">Other subsidiary revenues</p> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><b>235</b></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;">205</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 76%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">Accessorial revenues</p> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"><b>151</b></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"> </td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;">201</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); width: 76%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">Other</p> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><b>14</b></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">14</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"> <td style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black; width: 76%;"> <p style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; font-variant: normal; margin: 0pt;">Total operating revenues</p> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><b>$</b></td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"><b>6,056</b></td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; border-bottom: 1px solid black;"> </td> <td style="width: 2%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;">$</td> <td style="width: 7%; text-align: right; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;">5,860</td> <td style="width: 1%; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td> </tr> </tbody> </table> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: Arial; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><span style="color:#000000;">Although our revenues are principally derived from customers domiciled in the U.S., the ultimate points of origination or destination for some products we transport are outside the U.S. Each of our commodity groups includes revenues from shipments to and from Mexico. Included in the above table are revenues from our Mexico business, which amounted to $</span><span style="color:#000000;">712</span><span style="color: #000000; "> million and $654 million for the <em style="font: inherit;">three</em> months ended </span><em style="font: inherit;"> March 31, 2023 </em>and <em style="font: inherit;">2022</em><span style="color: #000000; ">, respectively.</span></p>
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6056000000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5860000000 usd
CY2023Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
4000000 usd
CY2022Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
4000000 usd
CY2023Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
18000000 usd
CY2022Q1 us-gaap Restricted Stock Expense
RestrictedStockExpense
22000000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
28000000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
30000000 usd
CY2023Q1 unp Excess Tax Benefit From Sharebased Compensation
ExcessTaxBenefitFromSharebasedCompensation
6000000 usd
CY2022Q1 unp Excess Tax Benefit From Sharebased Compensation
ExcessTaxBenefitFromSharebasedCompensation
17000000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1974000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
169.64
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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