United Parcel Service, Inc. (UPS) financial statements (2021 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)

12/31/2019
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 investments5,7415,0354,0694,5674,7263,2835,245
Cash and cash equivalents5,2384,2253,3203,4762,7302,2914,665
Short-term investments5038107491,0911,996992580
Receivables9,9349,89810,3467,6957,1346,6616,502
Inventory, net of allowances, customer advances and progress billings511421404342308344403
Inventory511421404342308344403
Other current assets1,4281,2771,1331,5871,3481,274956
Other undisclosed current assets(511)(421)(404)(342)(308)246281
Total current assets:17,10316,21015,54813,84913,20811,80813,387
Noncurrent Assets
Operating lease, right-of-use asset2,856
Nontrade receivables    7354
Property, plant and equipment30,48226,57622,11818,80018,35218,28117,961
Intangible assets, net (including goodwill)5,9805,8865,8365,5154,9683,0312,965
Goodwill3,8133,8113,8723,7573,4192,1842,190
Intangible assets, net (excluding goodwill)2,1672,0751,9641,7581,549847775
Derivative instruments and hedges     515323
Restricted cash and investments24170483476473489444
Other noncurrent assets1,0821,0331,1531,1461,0556951,022
Other undisclosed noncurrent assets330141265591182598110
Total noncurrent assets:40,75433,80629,85526,52825,10323,66322,825
TOTAL ASSETS:57,85750,01645,40340,37738,31135,47136,212
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,1078,2356,3935,3594,8405,1274,803
Accounts payable5,5555,1883,8723,0422,5872,7542,478
Employee-related liabilities2,5523,0472,5212,3172,2532,3732,325
Deferred revenue7
Debt3,4202,8054,0113,6813,01892348
Self insurance reserve914810705670657656719
Deferred tax liabilities    1848
Contract with customer, liability5
Other liabilities1,6411,5229058471,4641,9331,561
Other undisclosed current liabilities1,3247106941,173717(18)(48)
Total current liabilities:15,41314,08712,70811,73010,6968,6397,131
Noncurrent Liabilities
Long-term debt and lease obligation, including:25,23820,32520,72712,79511,74510,78710,872
Long-term debt, excluding current maturities21,81819,93120,27812,39411,3169,86410,824
Finance lease, liability317
Capital lease obligations394449401429458434
Operating lease, liability2,391
Other undisclosed long-term debt and lease obligation712    465(386)
Liabilities, other than long-term debt13,34612,96111,38715,82413,80814,81011,769
Pension and other postretirement defined benefit plans, liabilities7,051
Deferred revenue26
Deferred tax liabilities, net1,619757112115831,244
Liability, pension and other postretirement and postemployment benefits10,6018,3477,06112,69410,63811,452
Other liabilities1,4371,4241,8041,2241,2241,3591,415
Self insurance reserve1,2821,5711,7651,7941,8311,9162,059
Other undisclosed noncurrent liabilities577(394)(449)(401)(429)(923)(48)
Total noncurrent liabilities:39,16132,89231,66528,21825,12424,67422,593
Total liabilities:54,57446,97944,37339,94835,82033,31329,724
Stockholders' equity
Stockholders' equity attributable to parent, including:3,2673,0211,0004052,4702,1416,474
Treasury stock, value(26)(32)(37)(45)(51)(59)(69)
Additional paid in capital150      
Accumulated other comprehensive loss(5,997)(4,994)(4,867)(4,483)(3,540)(3,594)(460)
Retained earnings9,1058,0065,8584,8796,0015,7266,925
Other undisclosed stockholders' equity attributable to parent35414654606878
Stockholders' equity attributable to noncontrolling interest16163024211714
Total stockholders' equity:3,2833,0371,0304292,4912,1586,488
TOTAL LIABILITIES AND EQUITY:57,85750,01645,40340,37738,31135,47136,212

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues74,09471,86165,87260,90658,36358,23255,438
Cost of revenue(57,566)(57,165)(16,434)(13,822)(12,947)(14,758)(13,703)
Cost of goods and services sold(4,681)(4,789)(16,434)(13,822)(12,947)(14,758)(13,703)
Gross profit:16,52814,69649,43847,08445,41643,47441,735
Operating expenses(8,730)(7,672)(41,909)(41,617)(37,748)(39,325)(35,405)
Other undisclosed operating income     819704
Operating income:7,7987,0247,5295,4677,6684,9687,034
Nonoperating expense(2,146)(1,005)(381)(331)(326)(331)(360)
Investment income, nonoperating(1,493)(400)7250152220
Foreign currency transaction gain, before tax     1476
Interest and debt expense(653)(605)(453)(381)(341)(353)(380)
Other undisclosed income from continuing operations before equity method investments, income taxes653605453381341353380
Income from continuing operations before income taxes:5,6526,0197,1485,1367,3424,6376,674
Income tax expense(1,212)(1,228)(2,238)(1,705)(2,498)(1,605)(2,302)
Net income available to common stockholders, diluted:4,4404,7914,9103,4314,8443,0324,372

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:4,4404,7914,9103,4314,8443,0324,372
Comprehensive income:4,4404,7914,9103,4314,8443,0324,372
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,003)608(384)(943)54(3,134)2,894
Comprehensive income (loss), net of tax, attributable to parent:3,4375,3994,5262,4884,898(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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