UNION PACIFIC CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATION OF EARNINGS PER SHARE
For the Years Ended December 31, 1994, 1993 and 1992 (Thousands of Dollars, Except Per Share Amounts)
1994 1993 1992 -------- -------- -------- Weighted average number of shares outstanding... 205,105 204,854 203,248
Average shares issuable on exercise of stock options less shares repurchasable from proceeds................................. 502 660 635 -------- -------- -------- Weighted average number of shares used in computation of earnings per share.......... 205,607 205,514 203,883 ======== ======== ========
Income from continuing operations............... $958,654 $714,639 $728,275 Loss from discontinued operations (a)........... (412,452) (9,282) (58) -------- -------- --------
Income before cumulative effect of changes in accounting principles......................... 546,202 705,357 728,217
Cumulative effect to January 1, 1993 of changes in accounting principles (b).................. -- (175,226) -- -------- -------- --------
Net Income...................................... $546,202 $530,131 $728,217 ======== ======== ========
Earnings per share:
Income from continuing operations............. $ 4.66 $ 3.47 $ 3.57 Loss from discontinued operations (a)......... (2.00) (0.04) -- -------- -------- -------- Income before cumulative effect of changes in accounting principles....................... 2.66 3.43 3.57
Cumulative effect to January 1, 1993 of changes in accounting principles (b)........ -- (0.85) -- -------- -------- --------