UNION PACIFIC CORP (UNP) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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UNION PACIFIC CORP cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $1,993,000,000.00Depreciation → Operating adjustments reconciliation: $638,000,000.00Income and other taxes → Operating adjustments reconciliation: $402,000,000.00Accounts payable and other current liabilities → Operating adjustments reconciliation: $187,000,000.00Deferred and other income taxes → Operating adjustments reconciliation: $39,000,000.00Other operating activities, net → Operating adjustments reconciliation: $32,000,000.00Other current assets → Operating adjustments reconciliation: $10,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $1,083,000,000.00Operating adjustments reconciliation → Accounts receivable, net: $144,000,000.00Operating adjustments reconciliation → Materials and supplies: $81,000,000.00investing reconciliation → Capital investments: $873,000,000.00investing reconciliation → Other investing activities, net: $203,000,000.00Net cash used in financing activities → financing reconciliation: $1,128,000,000.00Other financing activities, net → financing reconciliation: $51,000,000.00financing reconciliation → Dividends paid: $819,000,000.00financing reconciliation → Debt repaid: $334,000,000.00financing reconciliation → Share repurchase programs (Note 16): $26,000,000.00Net cash used in investing activities → investing reconciliation: $1,076,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $751,000,000.00Net cash from operating activities → Cash sources and uses: $3,076,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,623,000,000.00Cash sources and uses → Net cash used in investing activities: $1,076,000,000.00Cash sources and uses → Net cash used in financing activities: $1,128,000,000.00Other current assets: $10,000,000.00Other current assets+$10.00 MMaterials and supplies: -$81,000,000.00Materials and supplies−$81.00 MAccounts receivable, net: -$144,000,000.00Accounts receivable−$144.00 MOther operating activities, net: $32,000,000.00Other working capital, net+$32.00 MDeferred and other income taxes: $39,000,000.00Deferred taxes & credits+$39.00 MDepreciation: $638,000,000.00Depreciation expense+$638.00 MIncome and other taxes: $402,000,000.00Accrued taxes+$402.00 MNet income: $1,993,000,000.00Net income+$1.99 BAccounts payable and other current liabilities: $187,000,000.00Payables & accrued liabilities+$187.00 MNet cash from operating activities: $3,076,000,000.00Operating cash+$3.08 BOperating adjustments reconciliation: $1,308,000,000.00Debt repaid: -$334,000,000.00Debt & lease obligations repaid−$334.00 MDividends paid: -$819,000,000.00Dividends paid−$819.00 MDebt issued (Note 14): $0.00Share repurchase programs (Note 16): -$26,000,000.00Common stock repurchases−$26.00 MOther financing activities, net: $51,000,000.00Other financing, net+$51.00 MNet cash used in financing activities: -$1,128,000,000.00. Cash required to fund net payments.Financing cash−$1.13 Bfinancing reconciliation: $1,179,000,000.00Other investing activities, net: -$203,000,000.00Other investing, net−$203.00 MCapital investments: -$873,000,000.00PP&E purchases−$873.00 MNet cash used in investing activities: -$1,076,000,000.00. Cash required to fund net payments.Investing cash−$1.08 Binvesting reconciliation: $1,076,000,000.00Cash sources and uses: $3,827,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $751,000,000.00Beginning cash$751.00 MEnding cash: Cash, cash equivalents, and restricted cash: $1,623,000,000.00Ending cash$1.62 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$2.20 BOperating cash − cash spent on PP&ECash flow / Net income1.54×Operating cash flow ÷ net incomeNet cash change+$872.00 MEnding cash − beginning cash
Chart details

UNION PACIFIC CORP cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
751,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
3,076,000,000 US dollars. Net cash provided.
Net income
1,993,000,000 US dollars
Other current assets
10,000,000 US dollars
Materials and supplies
negative 81,000,000 US dollars
Accounts receivable, net
negative 144,000,000 US dollars
Other operating activities, net
32,000,000 US dollars
Deferred and other income taxes
39,000,000 US dollars
Depreciation
638,000,000 US dollars
Income and other taxes
402,000,000 US dollars
Accounts payable and other current liabilities
187,000,000 US dollars
Investing activities
negative 1,076,000,000 US dollars. Net cash used.
Other investing activities, net
negative 203,000,000 US dollars
Capital investments
negative 873,000,000 US dollars
Financing activities
negative 1,128,000,000 US dollars. Net cash used.
Debt repaid
negative 334,000,000 US dollars
Dividends paid
negative 819,000,000 US dollars
Debt issued (Note 14)
0 US dollars
Share repurchase programs (Note 16)
negative 26,000,000 US dollars
Other financing activities, net
51,000,000 US dollars
Operating adjustment reconciliation
1,308,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,179,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
1,076,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
1,623,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,827,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
872,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.54×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
3,076,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
873,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
2,203,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.08B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 3,076,000,000 US dollars minus 873,000,000 US dollars equals 2,203,000,000 US dollars.
UNION PACIFIC CORP (UNP) FY2026 Q2 Statement of Cash Flows Sankey chart
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