Union Pacific Corporation (UNP) balance sheet

NYSE · Industrials · Railroads · 28,716 employees · CEO Vincenzo James Vena

Price: $304.00 +0.69%
Market cap: $181B
Enterprise value: $210B
Last report: Q3 '26 filed 2026-10-22
Next report: 2027-01-26 EPS est. $3.31

At the end of Q3 '26 Union Pacific Corporation (UNP) held $3.09B in cash and short-term investments against $31.3B of debt incl. leases. Total assets $72.6B, total liabilities $50.6B, shareholders' equity $22B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	$1.06B	$925M	$1.14B	$947M	$1.02B	$1.41B	$1.06B	$808M	$1.28B	$744M	$1.61B	$2.21B
Short-term investments	$16M	$20M	$20M	$20M	$20M	$0	$0	$0	$250M	$300M	$500M	$875M
Receivables	$2.07B	$2.16B	$2.12B	$2.04B	$1.89B	$1.97B	$1.92B	$1.92B	$1.86B	$1.99B	$2.13B	$2.14B
Inventory	$743M	$770M	$807M	$775M	$769M	$747M	$774M	$782M	$787M	$838M	$919M	$985M
Other current assets	$261M	$317M	$416M	$371M	$322M	$416M	$434M	$393M	$383M	$347M	$370M	$306M
Current assets	$4.15B	$4.19B	$4.5B	$4.15B	$4.02B	$4.54B	$4.18B	$3.9B	$4.56B	$4.22B	$5.53B	$6.52B
Property, plant & equipment (net)	$58.2B	$58.2B	$58.4B	$58.6B	$58.8B	$59.1B	$59.4B	$60.5B	$59.6B	$60.9B	$61.1B	$61.4B
Long-term investments	$2.61B	$2.65B	$2.71B	$2.65B	$2.66B	$2.7B	$2.79B	$2.84B	$2.95B	$2.95B	$2.98B	$3.03B
Intangible assets	$814M	$806M	$812M	$807M	$791M	$779M	$766M	$749M	$745M	$742M	$0	$0
Other non-current assets	$1.34B	$1.38B	$1.39B	$1.39B	$1.39B	$1.4B	$1.4B	$671M	$1.8B	$871M	$1.63B	$1.64B
Non-current assets	$63B	$63.1B	$63.3B	$63.4B	$63.7B	$64B	$64.4B	$64.7B	$65.1B	$65.4B	$65.7B	$66.1B
Total assets	$67.1B	$67.3B	$67.8B	$67.6B	$67.7B	$68.5B	$68.6B	$68.6B	$69.7B	$69.6B	$71.2B	$72.6B
Liabilities
Accounts payable	$856M	$814M	$870M	$830M	$847M	$898M	$815M	$853M	$804M	$940M	$931M	$1.04B
Accrued expenses	$696M	$544M	$735M	$608M	$691M	$586M	$753M	$919M	$738M	$522M	$686M	$1.18B
Short-term debt	$1.42B	$733M	$727M	$1.65B	$1.43B	$2.23B	$2.52B	$1.52B	$1.52B	$1.1B	$1.52B	$1.51B
Taxes payable	$685M	$1.02B	$522M	$764M	$605M	$982M	$0	$0	$0	$0	$1.25B	$1.22B
Other current liabilities	$993M	$996M	$1.01B	$1.05B	$1.23B	$1.12B	$1.04B	$509M	$2.2B	$1.19B	$1.22B	$429M
Current liabilities	$5.11B	$4.53B	$4.29B	$5.37B	$5.25B	$6.22B	$6.45B	$5.22B	$5.01B	$4.6B	$5.61B	$5.61B
Long-term debt	$31.2B	$31.2B	$31.2B	$29.8B	$29.8B	$30.6B	$30.3B	$30.3B	$30.3B	$29.8B	$29B	$29B
Lease obligations (non-current)	$1.25B	$1.02B	$988M	$934M	$925M	$758M	$831M	$764M	$738M	$619M	$609M	$563M
Deferred tax liabilities	$13.1B	$13.1B	$13.2B	$13.2B	$13.2B	$13.1B	$13B	$13.3B	$13.4B	$13.5B	$13.5B	$13.6B
Other non-current liabilities	$1.71B	$1.71B	$1.72B	$1.73B	$1.73B	$1.71B	$1.72B	$1.74B	$1.76B	$1.75B	$1.75B	$1.75B
Non-current liabilities	$47.2B	$47.1B	$47B	$45.6B	$45.6B	$46.2B	$45.9B	$46.1B	$46.2B	$45.6B	$44.9B	$45B
Total liabilities	$52.3B	$51.6B	$51.3B	$51B	$50.8B	$52.5B	$52.3B	$51.3B	$51.2B	$50.2B	$50.5B	$50.6B
Equity
Common stock & paid-in capital	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B
Retained earnings	$62.1B	$62.9B	$63.8B	$64.7B	$65.6B	$66.5B	$67.5B	$68.5B	$69.5B	$70.4B	$71.6B	$72.8B
Accumulated other comprehensive income	-$614M	-$610M	-$606M	-$692M	-$723M	-$720M	-$692M	-$672M	-$591M	-$553M	-$556M	-$539M
Shareholders' equity	$14.8B	$15.7B	$16.5B	$16.6B	$16.9B	$16B	$16.3B	$17.3B	$18.5B	$19.4B	$20.7B	$22B
Debt
Total debt (incl. leases)	$34.2B	$33.3B	$33.2B	$32.7B	$32.5B	$33.9B	$34B	$32.8B	$31.8B	$31.5B	$31.2B	$31.3B
Net debt (debt - cash)	$33.1B	$32.3B	$32.1B	$31.7B	$31.4B	$32.5B	$32.9B	$32B	$30.5B	$30.8B	$29.6B	$29.1B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$1.28B	$1.28B	$1.27B	$831M	$1.8B	$960M	$973M	$1.06B	$1.02B	$1.28B
Short-term investments	$60M	$90M	$60M	$60M	$60M	$46M	$46M	$16M	$20M	$250M
Receivables	$1.26B	$1.49B	$1.76B	$1.6B	$1.51B	$1.72B	$1.89B	$2.07B	$1.89B	$1.86B
Inventory	$717M	$749M	$742M	$751M	$638M	$621M	$741M	$743M	$769M	$787M
Other current assets	$284M	$399M	$333M	$222M	$212M	$202M	$301M	$261M	$322M	$383M
Current assets	$3.6B	$4.04B	$4.16B	$3.46B	$4.21B	$3.55B	$3.95B	$4.15B	$4.02B	$4.56B
Property, plant & equipment (net)	$49.8B	$51B	$52.1B	$55.1B	$55.1B	$56B	$57B	$58.2B	$58.8B	$59.6B
Long-term investments	$1.46B	$1.81B	$1.91B	$2.05B	$2.16B	$2.24B	$2.38B	$2.61B	$2.66B	$2.95B
Intangible assets	$562M	$645M	$624M	$633M	$679M	$686M	$729M	$814M	$791M	$745M
Other non-current assets	$276M	$386M	$393M	$436M	$249M	$1.08B	$1.41B	$1.34B	$1.39B	$1.8B
Non-current assets	$52.1B	$53.8B	$55B	$58.2B	$58.2B	$60B	$61.5B	$63B	$63.7B	$65.1B
Total assets	$55.7B	$57.8B	$59.1B	$61.7B	$62.4B	$63.5B	$65.4B	$67.1B	$67.7B	$69.7B
Liabilities
Accounts payable	$955M	$1.01B	$872M	$749M	$612M	$752M	$784M	$856M	$847M	$804M
Accrued expenses	$784M	$798M	$912M	$849M	$843M	$517M	$621M	$696M	$691M	$738M
Short-term debt	$758M	$800M	$1.47B	$1.26B	$960M	$2.17B	$1.68B	$1.42B	$1.43B	$1.52B
Taxes payable	$472M	$547M	$694M	$496M	$635M	$823M	$628M	$685M	$605M	$0
Other current liabilities	$570M	$671M	$575M	$538M	$592M	$1.06B	$1.37B	$993M	$1.23B	$2.2B
Current liabilities	$3.64B	$3.94B	$4.63B	$4.35B	$4.17B	$5.74B	$5.52B	$5.11B	$5.25B	$5.01B
Long-term debt	$14.2B	$16.1B	$20.9B	$23.9B	$25.3B	$27.6B	$31.6B	$31.2B	$29.8B	$30.3B
Lease obligations (non-current)	$0	$0	$0	$1.47B	$1.62B	$1.43B	$1.3B	$1.25B	$925M	$738M
Deferred tax liabilities	$16B	$10.9B	$11.3B	$12B	$12.2B	$12.7B	$13B	$13.1B	$13.2B	$13.4B
Other non-current liabilities	$1.9B	$1.93B	$1.87B	$1.79B	$2.08B	$1.95B	$1.79B	$1.71B	$1.73B	$1.76B
Non-current liabilities	$32.1B	$29B	$34.1B	$39.2B	$41.3B	$43.6B	$47.8B	$47.2B	$45.6B	$46.2B
Total liabilities	$35.8B	$33B	$38.7B	$43.5B	$45.4B	$49.4B	$53.3B	$52.3B	$50.8B	$51.2B
Equity
Common stock & paid-in capital	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B	$2.78B
Retained earnings	$32.6B	$41.3B	$45.3B	$48.6B	$51.3B	$55B	$58.9B	$62.1B	$65.6B	$69.5B
Accumulated other comprehensive income	-$1.27B	-$1.14B	-$1.42B	-$1.36B	-$1.59B	-$914M	-$582M	-$614M	-$723M	-$591M
Shareholders' equity	$19.9B	$24.9B	$20.4B	$18.1B	$17B	$14.2B	$12.2B	$14.8B	$16.9B	$18.5B
Debt
Total debt (incl. leases)	$15B	$16.9B	$22.4B	$27B	$28.3B	$31.5B	$35B	$34.2B	$32.5B	$31.8B
Net debt (debt - cash)	$13.7B	$15.7B	$21.1B	$26.2B	$26.5B	$30.5B	$34B	$33.1B	$31.4B	$30.5B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-01