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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,3165,7415,0354,0694,5674,7263,283
Cash and cash equivalents5,9105,2384,2253,3203,4762,7302,291
Short-term investments4065038107491,0911,996992
Receivables10,7509,9349,89810,3467,6957,1346,661
Inventory, net of allowances, customer advances and progress billings620511421404342308344
Inventory620511421404342308344
Other current assets1,9531,4281,2771,1331,5871,3481,274
Other undisclosed current assets577(511)(421)(404)(342)(308)246
Total current assets:20,21617,10316,21015,54813,84913,20811,808
Noncurrent Assets
Operating lease, right-of-use asset3,0732,856
Nontrade receivables     7354
Property, plant and equipment32,25430,48226,57622,11818,80018,35218,281
Intangible assets, net (including goodwill)5,6415,9805,8865,8365,5154,9683,031
Goodwill3,3673,8133,8113,8723,7573,4192,184
Intangible assets, net (excluding goodwill)2,2742,1672,0751,9641,7581,549847
Derivative instruments and hedges      515
Restricted cash and investments2524170483476473489
Other noncurrent assets6721,0821,0331,1531,1461,055695
Other undisclosed noncurrent assets527330141265591182598
Total noncurrent assets:42,19240,75433,80629,85526,52825,10323,663
TOTAL ASSETS:62,40857,85750,01645,40340,37738,31135,471
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,0248,1078,2356,3935,3594,8405,127
Accounts payable6,4555,5555,1883,8723,0422,5872,754
Employee-related liabilities3,5692,5523,0472,5212,3172,2532,373
Deferred revenue217
Debt2,6233,4202,8054,0113,6813,018923
Self insurance reserve1,085914810705670657656
Deferred tax liabilities    18
Contract with customer, liability5
Other liabilities1,4501,6411,5229058471,4641,933
Other undisclosed current liabilities1,8131,3247106941,173717(18)
Total current liabilities:17,01615,41314,08712,70811,73010,6968,639
Noncurrent Liabilities
Long-term debt and lease obligation, including:22,03125,23820,32520,72712,79511,74510,787
Long-term debt, excluding current maturities22,03121,81819,93120,27812,39411,3169,864
Finance lease, liability 317
Capital lease obligations394449401429458
Operating lease, liability 2,391
Other undisclosed long-term debt and lease obligation 712    465
Liabilities, other than long-term debt20,15213,34612,96111,38715,82413,80814,810
Deferred revenue 26
Deferred tax liabilities, net1,61975711211583
Deferred income tax liabilities488 
Liability, pension and other postretirement and postemployment benefits15,81710,6018,3477,06112,69410,63811,452
Other liabilities3,8471,4371,4241,8041,2241,2241,359
Self insurance reserve 1,2821,5711,7651,7941,8311,916
Other undisclosed noncurrent liabilities2,540577(394)(449)(401)(429)(923)
Total noncurrent liabilities:44,72339,16132,89231,66528,21825,12424,674
Total liabilities:61,73954,57446,97944,37339,94835,82033,313
Stockholders' equity
Stockholders' equity attributable to parent, including:6573,2673,0211,0004052,4702,141
Treasury stock, value(20)(26)(32)(37)(45)(51)(59)
Additional paid in capital865150     
Accumulated other comprehensive loss(7,113)(5,997)(4,994)(4,867)(4,483)(3,540)(3,594)
Retained earnings6,8969,1058,0065,8584,8796,0015,726
Other undisclosed stockholders' equity attributable to parent29354146546068
Stockholders' equity attributable to noncontrolling interest12161630242117
Total stockholders' equity:6693,2833,0371,0304292,4912,158
TOTAL LIABILITIES AND EQUITY:62,40857,85750,01645,40340,37738,31135,471

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues84,62874,09471,86165,87260,90658,36358,232
Cost of revenue(65,520)(57,566)(57,165)(16,434)(13,822)(12,947)(14,758)
Cost of goods and services sold(4,121)(4,681)(4,789)(16,434)(13,822)(12,947)(14,758)
Gross profit:19,10816,52814,69649,43847,08445,41643,474
Operating expenses(11,424)(8,730)(7,672)(41,909)(41,617)(37,748)(39,325)
Other undisclosed operating income      819
Operating income:7,6847,7987,0247,5295,4677,6684,968
Nonoperating expense(5,840)(2,146)(1,005)(381)(331)(326)(331)
Investment income, nonoperating(5,139)(1,493)(400)72501522
Interest and debt expense(701)(653)(605)(453)(381)(341)(353)
Other undisclosed income from continuing operations before equity method investments, income taxes701653605453381341353
Income from continuing operations before income taxes:1,8445,6526,0197,1485,1367,3424,637
Income tax expense(501)(1,212)(1,228)(2,238)(1,705)(2,498)(1,605)
Net income available to common stockholders, diluted:1,3434,4404,7914,9103,4314,8443,032

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,3434,4404,7914,9103,4314,8443,032
Comprehensive income:1,3434,4404,7914,9103,4314,8443,032
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,116)(1,003)608(384)(943)54(3,134)
Comprehensive income (loss), net of tax, attributable to parent:2273,4375,3994,5262,4884,898(102)

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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