联合太平洋Union Pacific Corporation (UNP) 2003年年度报告「NYSE」.pdf

1、UNION PACIFIC CORPORATION 2003 ANNUAL REPORTFINANCIAL HIGHLIGHTSMillions of Dollars,Except Per Share Amounts and Ratios200320022001FOR THE YEAROperating Revenues$11,551$11,159$10,830Operating Income2,1332,2532,018Income from Continuing Operations1,0561,265934Income from Discontinued Operations(a)255

2、7632Cumulative Effect of Accounting Change,Net of Taxes274-Net Income1,5851,341966Per ShareBasic:Income from Continuing Operations4.155.02 3.77Income from Discontinued Operations1.000.300.13Cumulative Effect of Accounting Change1.08-Net Income6.235.32 3.90Per ShareDiluted:Income from Continuing Oper

3、ations4.074.783.65Income from Discontinued Operations0.950.270.12Cumulative Effect of Accounting Change1.02-Net Income6.045.053.77Dividends Per Share0.990.830.80Capital Expenditures(b)1,9401,8201,696Operating Cash Flow2,4222,1991,865Free Cash Flow(c)524536241AT YEAR-ENDTotal Assets$33,460$32,764$31,

4、551Total Debt7,9897,7038,078Common Shareholders Equity12,35410,6519,575Equity Per Common Share(d)47.8541.9938.26FINANCIAL RATIOS(%)Operating Margin18.520.218.6Operating Ratio81.579.881.4Lease Adjusted Debt to Capital(e)44.851.755.0Return on Average Common Shareholders Equity13.813.310.6(a)The Corpor

5、ations trucking segment is presented as discontinued operations.2003 results include a$211 million gain on sale,including an income tax benefit of$126 million.(b)Capital expenditures include non-cash financings of$188 million,$126 million and$124 million in 2003,2002 and 2001,respectively.(c)Free ca

6、sh flow is computed as follows:cash from operations less cash from investing less dividends paid less non-cash lease financings plus non-cashacquisitions.2003 results exclude proceeds from Overnite IPO of$620 million.See reconciliation in Item 7 of Form 10-K.(d)Equity per common share is based on av