The company said its full-year net income for 2023 was $6.4 billion ($10.45 per diluted share), down from $7.0 billion ($11.21 per diluted share) in 2022. Full-year operating revenue was $24.1 billion, down 3%.

1. 01

   The company said its full-year net income for 2023 was $6.4 billion ($10.45 per diluted share), down from $7.0 billion ($11.21 per diluted share) in 2022. Full-year operating revenue was $24.1 billion, down 3%.

2. 02

   Union Pacific said its net income for Q4 2023 was $1.7 billion ($2.71 per diluted share), and operating revenue of $6.2 billion was flat from a year earlier. The company said higher volume and core pricing gains were offset by lower fuel surcharge revenue, among other factors. Its operating ratio was 60.9%.

3. 03

   The company reported cash provided by operating activities of $8,379 million and free cash flow of $1,539 million for 2023. For 2022, the figures were $9,362 million and $2,732 million, respectively.

4. 04

   The company said its capital program totaled $3.7 billion in 2023 and that it repurchased 3.5 million shares for an aggregate $712 million. Union Pacific said its 2024 capital plan is $3.4 billion and that it will make no share repurchases in Q1.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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