The Railroad Week in
Review:
Week ending April 22, 2000
(This newsletter is e-mailed to subscribing
rail professionals every weekend. Effective January 1, 2001,
the newsletter will be mailed to paying subscribers only and will not
be added to the web site until six months after the issue date -- send
e-mail for rates.)
Rule Maker Spreadsheet (download Excel
file)
| |
Union
Pacific Corp |
|
| |
Current
Period |
Year-ago
Period |
Year-over-Year
|
| |
3/31/00 |
3/31/99 |
Growth |
| Income
Statement . . . |
($MM) |
($MM) |
|
| Sales |
2,913
|
2,740
|
6.3% |
| Operating Expenses |
2,461
|
2,378
|
3.5% |
| Net Income |
185
|
129
|
43.4% |
|
Shares Outstanding |
269.3
|
247.4
|
8.9% |
| |
|
|
|
| Balance Sheet . .
. |
|
|
|
| Cash & Equivalents |
60
|
175
|
-65.7% |
| Current Assets |
1,251
|
1,314
|
-4.8% |
|
Short-term Debt |
225
|
214 |
-92.2% |
| Current Liabilities |
2,795
|
2,885
|
-66.8% |
| Long-term Debt |
8,352
|
8,426
|
-0.9% |
|
Equity |
8,139 |
8,001 |
1.7% |
| |
|
|
|
| Margins & Ratios
. . . |
|
|
|
| Operating Margins |
15.5% |
13.2% |
2.3 |
| Operating Ratio |
84.5% |
86.8% |
-2.3 |
| Net Margins |
6.4% |
4.7% |
1.6 |
|
Cash-to-Debt |
0.01 |
0.02 |
-65.5% |
| Net Cash |
-8517.0 |
-8465.0 |
N/A |
|
Cash Flow Ratio |
0.46 |
0.21 |
125.4% |
| Other
measures… |
|
|
|
|
Share price |
39
1/8 |
53
7/16 |
-26.8% |
|
Market Cap |
10536.3625 |
13220.4375 |
-20.3% |
|
Debt/Mkt Cap |
81.4% |
65.4% |
24.6% |
|
Debt/Total Cap |
50.6% |
51.3% |
|
|
Debt/Equity |
105.4% |
108.0% |
-2.6 |
| |
|
|
|
| Cash
Flow items… |
|
|
|
|
Ops cash Flow |
$ 355 |
$ 413 |
$ 58 |
|
Cash used by inv |
$ (354) |
$ (462.0) |
$ (108) |
|
Inv/Prop % Revs |
-12.2% |
-16.9% |
(4.71) |
|
Free Cash Flow |
$ 1 |
$ (49) |
$ 50 |
|
FCF Margin |
0.0% |
-1.8% |
1.82 |
|
Dividends paid |
$ (52) |
$ (49) |
$ 3 |
|
FCF after Divs |
$ (51) |
$ (98) |
$ (47) |
--Roy Blanchard
   
   
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|