Union Pacific Corp (UNP) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

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Union Pacific Corp
Ticker: UNP CIK: 100885

Exhibit 99.1

Union Pacific Reports Fourth Quarter and Full Year 2018 Results

FOR IMMEDIATE RELEASE

Omaha, Neb., January 24, 2019

– Union Pacific Corporation (NYSE: UNP) today reported record 2018 fourth quarter net income of $1.6 billion, or $2.12 per diluted share, which represents 29 and 39 percent increases, respectively, when compared to adjusted results for the fourth quarter 2017. Reported fourth quarter 2017 results include previously disclosed adjustments reflecting the impact of corporate tax reform. Including those items, 2017 fourth quarter reported net income was $7.3 billion, or $9.25 per diluted share.

Financial Performance*


Millions, Except Per Share Amounts and Percentages For the Three Months Ended	Operating Income	Income Taxes	Net Income	Diluted EPS	Operating Ratio
2017 Reported Results (GAAP) (Includes restatement for ASU 2017-07)	$2,247	($5,186)	$7,278	$9.25	58.8%
Factors Affecting Comparability:
Adjustments for 2017 Tax Cuts and Jobs Act
Equity-method affiliates	(212)	(73)	(139)	(0.18)	3.9 pts
Deferred taxes	---	5,935	(5,935)	(7.54)	---
2017 Adjusted Results (non-GAAP)	$2,035	$676	$1,204	$1.53	62.7%
2018 Reported Results (GAAP)	$2,210	$462	$1,554	$2.12	61.6%
Change vs. 2017 Adjusted Results	9%	(32)%	29%	39%	(1.1) pts

* Please reference page 10 of the supplemental financial information for the full non-GAAP disclosure.

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The following information was filed by Union Pacific Corp (UNP) on Thursday, January 24, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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