Bnsf net income

Bnsf net income. B), reported Saturday. From the materials that help create products people use every day to the actual finished products, our consistent and cost-effective service takes products of any size to customers when and where they need them. Operating income for the second quarter and first six months of 2022 was $2. Financial Statements include the accounts of BNSF Railway Company and its subsidiaries (collectively, BNSF Railway or Company), all of which are separate legal entities. B). 37 billion, compared with $1. Volumes and Revenues %PDF-1. Net income $ 1,674 $ 1,653 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 643 624 Deferred income taxes 69 (123) Other, net (40) (80) Changes in current assets and liabilities: Accounts receivable, net (349) (189) Materials and supplies 18 (116) Net income $ 6,977 $ 7,616 $ 7,106 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 2,610 2,515 2,442 Deferred income taxes 102 (26) 441 Other, net (164) (45) (2,665) Changes in current assets and liabilities: Accounts receivable, net (197) (121) 50 Net income $ 5,123 $ 4,505 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,831 1,835 Deferred income taxes 228 269 Long-term casualty and environmental liabilities, net 19 (8) Other, net (252) (110) Changes in current assets and liabilities: Net income $ 7,616 $ 7,106 $ 6,266 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 2,515 2,442 2,458 Deferred income taxes (26) 441 274 Long-term casualty and environmental liabilities, net (26) 18 (19) Other, net (19) (2,683) (119) Net income $ 1,221 $ 1,442 (15)%$ 3,732 $ 4,477 (17)% Operating ratio (a) 68. BNSF is a privately held company whose parent is Berkshire Hathaway (NYSE: BRK. 3 billion. In contrast, BNSF’s net income in the third quarter of 2020 was $1. 1% from 2020. BNSF’s net income for the second quarter of 2023 fell 24% year over year (y/y) from $1. reported first-quarter 2023 revenue rose 1% to $6 billion, but net income fell 9% to $1. 4 billion and $4. We have audited the accompanying consolidated financial statements of BNSF Railway Company and its subsidiaries (the "Company"), which comprise the consolidated balance sheets as of December 31, 2021 and 2020, and the related consolidated statements of income, comprehensive income, changes in equity, and cash flows for the years then ended, and Operating income for the second quarter and first six months of 2024 was $1. 5 billion and total revenue climbed 12% to $5. Net income $ 4,505 $ 5,122 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,835 1,778 Deferred income taxes 269 419 Long-term casualty and environmental liabilities, net (8) (32) Other, net (110) (316) Changes in current assets and liabilities: BNSF Railway (reporting mark BNSF) is the largest freight railroad in the United States. BNSF’s operating income for 2021 was $US 8. 7 billion for the company in the fourth quarter of 2021, compared with net income of $1. On the Southern Transcon between the West Coast and the Midwest, BNSF will continue a multi-year effort to add several segments of new double-track in eastern Kansas. Nov 7, 2022 · Despite total revenues growing by 16% in the quarter, a 30% increase in costs dented BNSF’s net profits for the third quarter of 2022. Operating Net income $ 1,663 $ 1,674 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 658 643 Deferred income taxes 44 69 Other, net (45) (40) Changes in current assets and liabilities: Accounts receivable, net (389) (349) Materials and supplies 20 18 Jan 23, 2024 · As another year begins, BNSF Railway continues to grow. Ice, current President and Chief Executive Officer, will retire at the end of 2020 and remain on BNSF’s Board of Directors as well. 24 billion compared with financial results in the same quarter in 2022, the Class I Nov 8, 2021 · Higher revenues helped BNSF’s third-quarter net profit rise by 14%, to $1. That relates to $8. 9% Consumer products up 7. Net income $ 1,653 $ 1,520 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 624 615 Deferred income taxes (123) 56 Long-term casualty and environmental liabilities, net (1) 7 Other, net (79) (72) Changes in current assets and liabilities: May 2, 2022 · BNSF’s first-quarter 2022 net profit rose 10% despite a 3% decline in volumes, the company reported Monday. 5 % 68. 66 billion, compared with nearly $1. 2 billion in the previous year. Total revenues rose 11% in the fourth quarter to $6. 8 billion in operating income and $22. Net income $ 7,616 $ 7,106 $ 6,266 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 2,515 2,442 2,458 Deferred income taxes (26) 441 274 Long-term casualty and environmental liabilities, net (26) 18 (19) Other, net (19) (2,683) (119) To the extent any guidance was provided within these historical materials, that guidance was accurate only as of the time it was made. 3 billion in the same quarter a year ago. 2 % 62. 52 billion for the second quarter of 2021. 7% with revenues up 11. Net income was nearly $1. 4 % Source: Amounts derived from the GAAP results in the Burlington Northern Santa Fe, LLC Form 10-Q for the period ended March 31, 2024. 9 billion, up 4%, compared with the same period a year ago. FRA Certification Helpline: (216) 694-0240 of rail and approximately 2. 9% compared to the same period in 2021. 1 billion (16%) compared to the same periods in 2022. Other (income) expense, net increased primarily due to higher interest income. May 8, 2023 · BNSF Railway Co. One of the key indicators is the railway's operating ratio, which improved to a record high 60. Operating income for the fourth quarter and full year 2023 was $1. 99bn in 2021, up 16. Nov 6, 2023 · A 13% decline in total revenues dented BNSF’s net profit for the third quarter. First-quarter 2022 net income was $1. 2 billion from $3. 6 billion in the first quarter of 2021, BNSF said Monday. — BNSF’s fourth-quarter 2021 net profit rose 13% amid an 11% gain in revenues, the western U. 6% YoY. 1, 2021. Operating Expenses (in millions) Q2 - 2023 Q2 - 2022 Q/Q % Change 2023 YTD 2022 YTD. 25 billion in the first quarter, compared with $1. 44 billion in the third quarter of 2022, a 6% decrease from $1. Net income for the western U. Here we explore how our investments and innovations enable the reliable and efficient delivery of freight. railroad reported Monday. Operating income for the third quarter and first nine months of 2023 was $1. 4 %âãÏÓ 63 0 obj > endobj xref 63 578 0000000016 00000 n 0000012960 00000 n 0000013040 00000 n 0000013227 00000 n 0000019369 00000 n Net income $ 3,645 $ 3,303 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,241 1,223 Deferred income taxes (64) 140 Long-term casualty and environmental liabilities, net — 12 Other, net (115) (88) Changes in current assets and liabilities: Net income $ 7,106 $ 6,266 $ 6,907 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 2,442 2,458 2,389 Deferred income taxes 441 274 549 Long-term casualty and environmental liabilities, net 18 (19) (46) Other, net (2,683) (119) (336) Mar 1, 2016 · BNSF's 2015 net income rose to $4. 8 billion, down 14% y/y, while the operating ratio was 68. 5 billion in the second quarter, a 34% PDF-1. 5 billion in revenue. Net income was $1. Operating income 1,720 1,856 (7)% Income tax expense and other 577 609 (5)% Net income $ 1,143 $ 1,247 (8)% Operating ratio (a) 69. Beginning in February 2018, reports for BNSF Railway Company are no longer filed with the SEC, but certain financial information can be found on this website. 37 billion year over year. 6 % Source: Amounts derived from the GAAP results in the Burlington Northern Santa Fe, LLC Forms 10-Q for the period ended March 31, 2023. Once fully completed, BNSF will have 50 miles of Net income $ 1,653 $ 1,520 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 624 615 Deferred income taxes (123) 56 Long-term casualty and environmental liabilities, net (1) 7 Other, net (79) (72) Changes in current assets and liabilities: Other (income) expense, net decreased in 2023 compared to 2022 due to favorable interest income driven by higher rates. 7 % 68. 1 % Source: Amounts derived from the GAAP results in the Burlington Northern Santa Fe, LLC Forms 10-Q for the period ended September 30, 2021. Since then, BNSF has always reached at least $4 billion in net BNSF today announced that Executive Vice President Operations, Kathryn M. 3%. Aug 9, 2021 · BNSF's revenues in the second quarter were $5. railroad reported. 496 billion (2022) [56] Total assets: Mar 2, 2022 · CLASS 1 freight operator BNSF has reported record net earnings of $US 5. Securities and Exchange Commission. 8 billion compared with Q3 2020 income and revenue levels. Feb 27, 2022 · BNSF's operating income rose 13. 6 million rail ties. Operating ratio was 64. yesterday reported third-quarter 2021 net income rose 14% to $1. 4 billion, respectively, increases of $161 million (7%) and $313 million (8%) compared to the same periods in 2021. 5 billion, the western U. posted first-quarter 2021 net income of $1. 2 billion, down 3% from $1. The post BNSF’s Q3 net income drops 15% on lower revenues appeared first on FreightWaves. Investors sometimes use OR to gauge the financial health of a company, with a lower OR implying improved health. Net income was Net income $ 5,089 $ 5,559 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,946 1,874 Deferred income taxes 212 61 Other, net (103) (154) Changes in current assets and liabilities: Accounts receivable, net (487) (632) Materials and supplies (110) (133) Nov 6, 2023 · BNSF on Nov. 6 released third-quarter 2023 financial results, including net income of $1. Tower 55 stands at the intersection of two major railroads, including BNSF’s north-south main lines near downtown Fort Worth, Texas. 3 % 65. 0 billion, an increase of $152 million (8%) compared to the same period in 2021. Farmer, will become President and Chief Executive Officer on Jan. 2 % Source: Amounts derived from the GAAP results in the Burlington Northern Santa Fe, LLC Form 10-Q for the period ended September 30, 2023. US$5. Carl R. BNSF Railway Company filed reports with the SEC through February 2018. 25 billion, up 5%, and operating income of $1. May 3, 2022 · BNSF's first-quarter 2022 net income was $1. BNSF will spend approximately $400 million on expansion and efficiency projects. Service. 7% Industrial Operating income 1,856 2,041 (9)% Income tax expense and other 609 670 (9)% Net income $ 1,247 $ 1,371 (9)% Operating ratio (a) 68. 4 % 64. 6% for the first quarter, an increase of 0. 9 billion and $7. 5M intermodal shipments (truck trailers or containers) were transported on BNSF’s rail lines instead of on the nation’s congested highways BNSF moves ~3M new cars and trucks per year, or ~5 per minute BNSF moves enough grain each year to supply BNSF operates one of the largest freight railroad networks in North America, with 32,500 miles of rail across the western two-thirds of the United States. BNSF's Fourth Quarter 2022 Financial Performance: Volumes, Revenues and Expenses Statement of Income (in millions) Q4 - 2022 Q4 - 2021 Q/Q % Change 2022 YTD 2021 YTD Y/Y % Change Total revenues $ 6,587 $ 6,282 5 % $ 25,888 $ 23,282 11 % Operating expenses 4,515 3,853 17 % 17,288 14,484 19 % Operating income May 8, 2023 · BNSF’s net profit for the first quarter of 2023 slipped 9% amid a 10% drop in carload volumes, the railroad’s parent company, Berkshire Hathaway (NYSE: BRK. But for the quarter they are down a bit less: -14. Nov 9, 2021 · BNSF Railway Co. May 3, 2021 · BNSF Railway Co. 4 % 67. reported second-quarter 2024 net income of $1. Berkshire Hathaway Q3 In 2014, BNSF, along with public and private partners, completed work on the Tower 55 project, enabling BNSF to handle 34 percent more volume at one of the busiest rail intersections in the country. Total revenue slipped to $21. 7% for the third quarter of 2022. In 2023, we devoted over $700 million to expansion and efficiency projects. 54 billion in the third quarter of 2021, according to BNSF’s filing to the U. . Net income. 8 billion and $3. Mar 27, 2023 · However, BNSF, like all other companies, has found a big help from the 2018 tax cuts that drove significantly up its net income. 5 billion, respectively, an increase of $13 million (1%) and a decrease of $123 million (3%), respectively, compared to the same periods in 2023. 4%, compared with 67. BNSF volume was up 6. Ship with BNSF. 66 Aug 8, 2022 · BNSF’s second-quarter net profit rose 10% year over year amid higher freight revenue and despite lower rail volumes. Changes were not significant for the fourth quarter 2023. Total revenues grew 10% to nearly $5. Dec 20, 2023 · Now, going back to our financials, as we move to the bottom line, BNSF's net earnings are down a bit more: -16. 8 billion, compared with $4. They are accessible in the “SEC Filings” section below. She will continue her role on and assume leadership of BNSF’s Board of Directors. 221 billion, a 15% decline from the prior-year period’s $1. (a) Operating ratio excludes impacts of BNSF Logistics. 98 billion from $23. 9 billion a year ago. 7 % 61. 5 billion, respectively, decreases of $302 million (14%) and $1. BNSF Railway has an indemnity agreement with Chevron Phillips Chemical Company LP (Chevron Phillips), granting certain rights of indemnity from BNSF Railway, in order to facilitate access to a storage facility. 6 %âãÏÓ 18 0 obj > endobj 37 0 obj >/Filter/FlateDecode/ID[6BB4772C699881B238D3829913C88DBE>865DF2696BA00745A39331EF103C8A9B>]/Index[18 34]/Info 17 0 R Net income $ 2,900 $ 3,301 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,219 1,180 Deferred income taxes 149 238 Long-term casualty and environmental liabilities, net (9) (7) Other, net (136) (254) Changes in current assets and liabilities: Accounts receivable, net 122 (91 Mar 8, 2022 · CHATTANOOGA, Tenn. Nov 6, 2023 · Meanwhile, BNSF’s operating income was $1. Aug 7, 2023 · The post BNSF’s Q2 earnings slide 24% on lower freight volumes appeared first on FreightWaves. 4 billion, respectively, a decrease of $145 million (7%) and $1. From completing a six-mile segment of double track in south-central Kansas along our Southern Transcon route and beginning a multi-year expansion project at our intermodal facility in Stockton, California, BNSF is committed to growth. Quarterly earnings were negatively impacted by cost accruals Net income $ 3,390 $ 3,645 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,292 1,241 Deferred income taxes 108 (64) Other, net (69) (115) Changes in current assets and liabilities: Accounts receivable, net 40 (249) Materials and supplies 17 (198) Form 10-K Filings for BNSF Railway. In 2023, 4. BNSF plays a vital role in our economy’s supply chain, moving freight across our nation every day. 5 % 59. 8 billion and $5. BNSF Railway Company is a wholly-owned subsidiary of Burlington Volumes and Revenues. May 8, 2023 · BNSF’s net profit for the first quarter of 2023 slipped 9% amid a 10% drop in carload volumes, the railroad’s parent company, Berkshire Hathaway (NYSE: BRK. 9% for 2021: Coal shipments up 8. 25 billion in the first quarter of 2021. 12, 2010, BNSF became a subsidiary of Berkshire Hathaway, Inc. S. 5 billion in the fourth quarter of 2020. 8bn, up 14% Operating income for the first quarter of 2022 was $2. Net income $ 3,732 $ 4,477 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,957 1,883 Deferred income taxes 202 64 Other, net (127) (151) Changes in current assets and liabilities: Accounts receivable, net 9 (239) Materials and supplies (110) (133) Net income $ 1,674 $ 1,653 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 643 624 Deferred income taxes 69 (123) Other, net (40) (80) Changes in current assets and liabilities: Accounts receivable, net (349) (189) Materials and supplies 18 (116) Other (income) expense, net increased primarily due to higher interest income. Burlington Northern Santa Fe, LLC, and BNSF Railway Company each disclaim any duty to update or correct information on these pages. Net income $ 3,390 $ 3,645 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,292 1,241 Deferred income taxes 108 (64) Other, net (69) (115) Changes in current assets and liabilities: Accounts receivable, net 40 (249) Materials and supplies 17 (198) Income tax expense 724 664 9 %2,064 1,896 Net income $ 1,538 $ 1,347 14 % $ 4,305 $ 3,668 17 % Operating ratio (a) 59. 6% in 2021. 9%. 2 billion (14%) compared to the same periods in 2022. BNSF is a subsidiary of Berkshire Hathaway, which acquired the western Net income $ 6,266 $ 6,907 $ 6,439 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 2,458 2,389 2,306 Deferred income taxes 274 549 369 Long-term casualty and environmental liabilities, net (19) (46) (18) Other, net (119) (336) (159) Aug 5, 2024 · BNSF Railway Co. Mar 1, 2021 · A 6% decline in operating expenses contributed to a 5% increase in overall fourth-quarter net profit for BNSF (NYSE: BRK-B). Operating Expenses (in millions) Q2 - 2023 Q2 - 2022 Q/Q % Change 2023 YTD 2022 YTD On Feb. railroad the second quarter of 2022 was $1. 442 billion, and total volumes (in thousands) of 2,296, down 5% from 2022’s 2,411.