United Parcel Service, Inc. (UPS) financial statements (2020 and earlier)

Company profile

Business Address 55 GLENLAKE PARKWAY NE
ATLANTA, GA 30328
State of Incorp. DE
Fiscal Year End December 31
SIC 421 - Trucking And Courier Services, Except Air (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,5385,0354,0694,5674,7263,2835,245
Cash and cash equivalents4,0404,2253,3203,4762,7302,2914,665
Short-term investments4988107491,0911,996992580
Receivables7,9519,89810,3467,6957,1346,6616,502
Inventory, net of allowances, customer advances and progress billings 421404342308344403
Inventory 421404342308344403
Other current assets1,4911,2771,1331,5871,3481,274956
Other undisclosed current assets204(421)(404)(342)(308)246281
Total current assets:14,18416,21015,54813,84913,20811,80813,387
Noncurrent Assets
Nontrade receivables    7354
Property, plant and equipment29,07126,57622,11818,80018,35218,28117,961
Intangible assets, net (including goodwill)5,9145,8865,8365,5154,9683,0312,965
Goodwill3,7833,8113,8723,7573,4192,1842,190
Intangible assets, net (excluding goodwill)2,1312,0751,9641,7581,549847775
Derivative instruments and hedges     515323
Restricted cash and investments169170483476473489444
Other noncurrent assets1,2461,0331,1531,1461,0556951,022
Other undisclosed noncurrent assets2,698141265591182598110
Total noncurrent assets:39,09833,80629,85526,52825,10323,66322,825
TOTAL ASSETS:53,28250,01645,40340,37738,31135,47136,212
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,7018,2356,3935,3594,8405,1274,803
Accounts payable4,2185,1883,8723,0422,5872,7542,478
Employee-related liabilities2,4833,0472,5212,3172,2532,3732,325
Debt2,1612,8054,0113,6813,01892348
Self insurance reserve756810705670657656719
Deferred tax liabilities    1848
Contract with customer, liability75
Other liabilities1,2991,5229058471,4641,9331,561
Other undisclosed current liabilities1,9117106941,173717(18)(48)
Total current liabilities:12,83514,08712,70811,73010,6968,6397,131
Noncurrent Liabilities
Long-term debt and lease obligation, including:21,74020,32520,72712,79511,74510,78710,872
Long-term debt, excluding current maturities21,74019,93120,27812,39411,3169,86410,824
Capital lease obligations394449401429458434
Other undisclosed long-term debt and lease obligation     465(386)
Liabilities, other than long-term debt11,07012,96111,38715,82413,80814,81011,769
Pension and other postretirement defined benefit plans, liabilities7,051
Deferred tax liabilities, net1,8861,619757112115831,244
Liability, pension and other postretirement and postemployment benefits6,4438,3477,06112,69410,63811,452
Other liabilities1,2991,4241,8041,2241,2241,3591,415
Self insurance reserve1,4421,5711,7651,7941,8311,9162,059
Other undisclosed noncurrent liabilities2,063(394)(449)(401)(429)(923)(48)
Total noncurrent liabilities:34,87332,89231,66528,21825,12424,67422,593
Total liabilities:47,70846,97944,37339,94835,82033,31329,724
Stockholders' equity
Stockholders' equity attributable to parent, including:5,5583,0211,0004052,4702,1416,474
Treasury stock, value(25)(32)(37)(45)(51)(59)(69)
Additional paid in capital129      
Accumulated other comprehensive loss(4,617)(4,994)(4,867)(4,483)(3,540)(3,594)(460)
Retained earnings10,0378,0065,8584,8796,0015,7266,925
Other undisclosed stockholders' equity attributable to parent34414654606878
Stockholders' equity attributable to noncontrolling interest16163024211714
Total stockholders' equity:5,5743,0371,0304292,4912,1586,488
TOTAL LIABILITIES AND EQUITY:53,28250,01645,40340,37738,31135,47136,212

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues73,37471,86165,87260,90658,36358,23255,438
Cost of revenue(84,764)(57,165)(16,434)(13,822)(12,947)(14,758)(13,703)
Cost of goods and services sold(3,490)(4,789)(16,434)(13,822)(12,947)(14,758)(13,703)
Gross profit:(11,390)14,69649,43847,08445,41643,47441,735
Operating expenses19,059(7,672)(41,909)(41,617)(37,748)(39,325)(35,405)
Other undisclosed operating income     819704
Operating income:7,6697,0247,5295,4677,6684,9687,034
Nonoperating expense(1,276)(1,005)(381)(331)(326)(331)(360)
Investment income, nonoperating(641)(400)7250152220
Foreign currency transaction gain, before tax     1476
Interest and debt expense(635)(605)(453)(381)(341)(353)(380)
Other undisclosed income from continuing operations before equity method investments, income taxes635605453381341353380
Income from continuing operations before income taxes:6,3936,0197,1485,1367,3424,6376,674
Income tax expense(1,394)(1,228)(2,238)(1,705)(2,498)(1,605)(2,302)
Net income available to common stockholders, diluted:4,9994,7914,9103,4314,8443,0324,372

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:4,9994,7914,9103,4314,8443,0324,372
Comprehensive income:4,9994,7914,9103,4314,8443,0324,372
Other undisclosed comprehensive income (loss), net of tax, attributable to parent671608(384)(943)54(3,134)2,894
Comprehensive income (loss), net of tax, attributable to parent:5,6705,3994,5262,4884,898(102)7,266

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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