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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES    
Net income $ 3,164 $ 2,675
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,488 1,569
Deferred income taxes 491 262
Long-term casualty and environmental liabilities, net (12) (20)
Other, net (36) (294)
Changes in current assets and liabilities:    
Accounts receivable, net (7) (73)
Materials and supplies (6) (11)
Other current assets (76) (83)
Accounts payable and other current liabilities 372 207
Net cash provided by operating activities 5,378 4,232
INVESTING ACTIVITIES    
Capital expenditures excluding equipment (3,214) (2,612)
Acquisition of equipment (877) (1,043)
Purchases of investments (149) 0
Proceeds from sales of investments 24 0
Partnership investment (36) 0
Other, net (101) 60
Net cash used for investing activities (4,353) (3,595)
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 3,000 3,000
Payments on long-term debt (337) (611)
Cash distributions (3,000) (2,750)
Other, net (32) (31)
Net cash used for financing activities (369) (392)
Increase in cash and cash equivalents 656 245
Cash and cash equivalents:    
Beginning of period 2,384 2,225
End of period 3,040 2,470
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net of amounts capitalized 733 675
Capital investments accrued but not yet paid 304 329
Income taxes paid, net of refunds $ 823 $ 1,301