10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2016 | |||
STATEMENTS OF CONSOLIDATED INCOME | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenue | $ 60,906 | 58,363 | 58,232 |
| Operating Expenses: | |||
| Compensation and benefits | 34,770 | 31,028 | 32,045 |
| Repairs and maintenance | 1,538 | 1,400 | 1,371 |
| Depreciation and amortization | 2,224 | 2,084 | 1,923 |
| Purchased transportation | 9,129 | 8,043 | 8,460 |
| Fuel | 2,118 | 2,482 | 3,883 |
| Other occupancy | 1,037 | 1,022 | 1,044 |
| Other expenses | 4,623 | 4,636 | 4,538 |
| Total Operating Expenses | 55,439 | 50,695 | 53,264 |
| Operating Profit | 5,467 | 7,668 | 4,968 |
| Other Income and (Expense): | |||
| Investment income and other | 50 | 15 | 22 |
| Interest expense | (381) | (341) | (353) |
| Total Other Income and (Expense) | (331) | (326) | (331) |
| Income Before Income Taxes | 5,136 | 7,342 | 4,637 |
| Income Tax Expense | 1,705 | 2,498 | 1,605 |
| Net Income | 3,431 | 4,844 | 3,032 |
| Basic Earnings Per Share (in dollars per share) | 3.89 | 5.38 | 3.31 |
| Diluted Earnings Per Share (in dollars per share) | 3.87 | 5.35 | 3.28 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2016 | |||
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net Income | $ 3,431 | 4,844 | 3,032 |
| Change in foreign currency translation adjustment, net of tax | (119) | (440) | (331) |
| Change in unrealized gain (loss) on marketable securities, net of tax | 0 | (1) | 1 |
| Change in unrealized gain (loss) on cash flow hedges, net of tax | (112) | 6 | 280 |
| Change in unrecognized pension and postretirement benefit costs, net of tax | (712) | 489 | (3,084) |
| Comprehensive Income (Loss) | 2,488 | 4,898 | (102) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2016 | |||
STATEMENTS OF CONSOLIDATED CASH FLOWS | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash Flows From Operating Activities: | |||
| Net Income | $ 3,431 | 4,844 | 3,032 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Depreciation and amortization | 2,224 | 2,084 | 1,923 |
| Pension and postretirement benefit expense | 3,725 | 1,189 | 3,040 |
| Pension and postretirement benefit contributions | (2,668) | (1,229) | (1,258) |
| pension obligation settlement | 0 | 0 | (2,271) |
| Self-insurance reserves | (21) | (80) | (201) |
| Deferred tax expense | 123 | 540 | 385 |
| Stock compensation expense | 591 | 574 | 536 |
| Other (gains) losses | (198) | (185) | 218 |
| Changes in assets and liabilities, net of effect of acquisitions: | |||
| Accounts receivable | (704) | (452) | (523) |
| Other current assets | (14) | 414 | 112 |
| Accounts payable | 461 | (147) | 276 |
| Accrued wages and withholdings | 109 | (63) | 106 |
| Other current liabilities | (561) | (6) | 317 |
| Other operating activities | (25) | (53) | 34 |
| Net cash from operating activities | 6,473 | 7,430 | 5,726 |
| Cash Flows From Investing Activities: | |||
| Capital expenditures | (2,965) | (2,379) | (2,328) |
| Proceeds from disposals of property, plant and equipment | 88 | 26 | 53 |
| Purchases of marketable securities | (4,816) | (7,415) | (3,525) |
| Sales and maturities of marketable securities | 5,724 | 6,388 | 3,106 |
| Net decrease in finance receivables | 9 | 5 | 44 |
| Cash paid for business acquisitions | (547) | (1,904) | (88) |
| Other investing activities | (59) | (30) | (63) |
| Net cash used in investing activities | (2,566) | (5,309) | (2,801) |
| Cash Flows From Financing Activities: | |||
| Net change in short-term debt | (88) | 2,529 | 0 |
| Proceeds from long-term borrowings | 5,927 | 3,783 | 1,525 |
| Repayments of long-term borrowings | (3,805) | (2,724) | (1,694) |
| Purchases of common stock | (2,678) | (2,702) | (2,695) |
| Issuances of common stock | 245 | 249 | 274 |
| Dividends | (2,643) | (2,525) | (2,366) |
| Other financing activities | (98) | (175) | (205) |
| Net cash used in financing activities | (3,140) | (1,565) | (5,161) |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | (21) | (117) | (138) |
| Net Increase (Decrease) In Cash And Cash Equivalents | 746 | 439 | (2,374) |
| Cash And Cash Equivalents: | |||
| Beginning of period | 2,730 | 2,291 | |
| End of period | 3,476 | 2,730 | 2,291 |
| Cash Paid During The Period For: | |||
| Interest (net of amount capitalized) | 373 | 345 | 366 |
| Income taxes | 2,064 | 1,913 | 1,524 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
UNITED PARCEL SERVICE INC | ||
Ticker: UPS Fiscal Year: 2016 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 3,476 | 2,730 |
| Marketable securities | 1,091 | 1,996 |
| Accounts receivable, net | 7,695 | 7,134 |
| Other current assets | 1,587 | 1,348 |
| Total Current Assets | 13,849 | 13,208 |
| Property, Plant and Equipment, Net | 18,800 | 18,352 |
| Goodwill | 3,757 | 3,419 |
| Intangible Assets, Net | 1,758 | 1,549 |
| Investments and Restricted Cash | 476 | 473 |
| Deferred Income Tax Assets | 591 | 255 |
| Other Non-Current Assets | 1,146 | 1,055 |
| Total Assets | 40,377 | 38,311 |
| LIABILITIES AND SHAREOWNERS EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt and commercial paper | 3,681 | 3,018 |
| Accounts payable | 3,042 | 2,587 |
| Accrued wages and withholdings | 2,317 | 2,253 |
| Hedge margin liabilities | 575 | 717 |
| Self-insurance reserves | 670 | 657 |
| Accrued group welfare and retirement plan contributions | 598 | 525 |
| Other current liabilities | 847 | 939 |
| Total Current Liabilities | 11,730 | 10,696 |
| Long-Term Debt | 12,394 | 11,316 |
| Pension and Postretirement Benefit Obligations | 12,694 | 10,638 |
| Deferred Income Tax Liabilities | 112 | 115 |
| Self-Insurance Reserves | 1,794 | 1,831 |
| Other Non-Current Liabilities | 1,224 | 1,224 |
| Shareowners' Equity: | ||
| Additional paid-in capital | 0 | 0 |
| Retained earnings | 4,879 | 6,001 |
| Accumulated other comprehensive loss | (4,483) | (3,540) |
| Deferred compensation obligations | 45 | 51 |
| Less: Treasury stock (1 share in 2016 and 2015) | (45) | (51) |
| Total Equity for Controlling Interests | 405 | 2,470 |
| Noncontrolling Interests | 24 | 21 |
| Total Shareowners Equity | 429 | 2,491 |
| Total Liabilities and Shareowners Equity | 40,377 | 38,311 |
| Class of Stock | ||
| Class A Common Stock: | ||
| Common stock | 2 | 2 |
| Class B Common Stock: | ||
| Common stock | 7 | 7 |
| External Links | |
| UNITED PARCEL SERVICE INC (UPS) Fiscal Year 2016 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |