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UNION PACIFIC CORP 8-K Report, Regulation FD Disclosure (May 27, 2022)

Reports
Regulation FD
Filing Date
Filed May 27, 2022
Period End
May 26, 2022
Security
UNP
In the record · 2016–202610-K1110-Q328-K174

UNP filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 174 current reports (8-K) between 2016 and 2026.

  1. Restructuring8-K · Aug ’17Aug ’17
  2. Leadership change8-K · Feb ’21Feb ’21
  3. Leadership change8-K · Dec ’25Dec ’25

01—Abstract

Summary

Summary of the 8-K filed May 27, 2022. Cited figures are marked; the original filing is the authoritative source.

Union Pacific Corporation (UNP) announced a significant event through its principal operating subsidiary, Union Pacific Railroad Company.

On May 25, 2022, the Railroad completed the second closing of a land sale to the Illinois State Toll Highway Authority. This transaction is expected to result in the recognition of a pre-tax gain of approximately $80 milliona by Union Pacific Corporation in the second quarter of 2022. This land sale represents a non-operating asset disposition that will contribute positively to the company's financial results in the upcoming quarter.

While the gain is substantial, investors should view this as a one-time event rather than an indicator of ongoing operational performance. The focus for investors should remain on the company's core rail operations and strategic initiatives for long-term value creation.

02—Key points

Key Highlights

  1. Union Pacific Railroad Company, a subsidiary of Union Pacific Corporation, completed a land sale to the Illinois State Toll Highway Authority.
  2. The second closing of this land sale occurred on May 25, 2022.
  3. Union Pacific Corporation expects to recognize a pre-tax gain of approximately $80 million from this transaction.
  4. The gain will be recorded in 'other income' in the second quarter of 2022.
  5. This transaction involves the sale of non-operating assets.
  6. The CFO, Jennifer L. Hamann, signed the report, indicating a key financial event.
  7. The filing was made on May 26, 2022, shortly after the transaction's closing.

03—Questions

Frequently Asked Questions

  1. What is the primary financial impact of this filing for Union Pacific Corporation?

    The primary financial impact is the recognition of an approximately $80 million pre-tax gain in other income, expected in the second quarter of 2022, resulting from a land sale.

  2. Is this land sale gain a recurring event?

    No, this land sale is a one-time event related to the disposition of non-operating assets. It is not indicative of ongoing operational performance and should not be expected to recur regularly.

  3. Who is the buyer of the land?

    The buyer of the land is the Illinois State Toll Highway Authority.

  4. When will Union Pacific recognize the gain from this land sale?

    Union Pacific Corporation will recognize the pre-tax gain in the second quarter of 2022.

04—Continue

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