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: 2022 | |||
STATEMENTS OF CONSOLIDATED INCOME | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 21, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenue | $ 100,338 | 97,287 | 84,628 |
| Operating Expenses: | |||
| Compensation and benefits | 47,781 | 46,707 | 44,529 |
| Repairs and Maintenance | 2,515 | 2,443 | 2,365 |
| Depreciation and amortization | 3,188 | 2,953 | 2,698 |
| Purchased Transportation | 17,653 | 19,058 | 15,631 |
| Fuel | 6,018 | 3,847 | 2,582 |
| Other occupancy | 1,818 | 1,698 | 1,539 |
| Other expenses | 8,271 | 7,771 | 7,600 |
| Total Operating Expenses | 87,244 | 84,477 | 76,944 |
| Operating Profit | 13,094 | 12,810 | 7,684 |
| Other Income and (Expense): | |||
| Interest expense | (704) | (694) | (701) |
| Total Other Income and (Expense) | 1,731 | 3,785 | (5,840) |
| Income Before Income Taxes | 14,825 | 16,595 | 1,844 |
| Income Tax Expense | 3,277 | 3,705 | 501 |
| Net Income | 11,548 | 12,890 | 1,343 |
| Basic Earnings Per Share (in dollars per share) | 13.26 | 14.75 | 1.55 |
| Diluted Earnings Per Share (in dollars per share) | 13.20 | 14.68 | 1.54 |
| Investment income (expense) and other | 2,435 | 4,479 | (5,139) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2022 | |||
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 21, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net Income | $ 11,548 | 12,890 | 1,343 |
| Change in foreign currency translation adjustment, net of tax | (284) | (181) | 97 |
| Change in unrealized gain (loss) on marketable securities, net of tax | (10) | (7) | 2 |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | 184 | 206 | (335) |
| Change in unrecognized pension and postretirement benefit costs, net of tax | 1,839 | 3,817 | (880) |
| Comprehensive Income (Loss) | 13,277 | 16,725 | 227 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2022 | |||
STATEMENTS OF CONSOLIDATED CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 21, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash Flows From Operating Activities: | |||
| Net Income | $ 11,548 | 12,890 | 1,343 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Depreciation and amortization | 3,188 | 2,953 | 2,698 |
| Pension and postretirement benefit (income) expense | (129) | (2,456) | 7,125 |
| Pension and postretirement benefit contributions | (2,342) | (576) | (3,125) |
| Self-insurance reserves | (20) | 178 | 503 |
| Deferred tax (benefit) expense | 531 | 1,645 | (858) |
| Stock compensation expense | 1,568 | 878 | 796 |
| Other (gains) losses | 123 | 137 | 917 |
| Changes in assets and liabilities, net of effect of acquisitions: | |||
| Accounts receivable | (322) | (2,147) | (1,562) |
| Other assets | 117 | 312 | 218 |
| Accounts payable | 34 | 1,265 | 904 |
| Accrued wages and withholdings | (189) | (245) | 1,631 |
| Other liabilities | (9) | 151 | (110) |
| Other operating activities | 6 | 22 | (21) |
| Net cash from operating activities | 14,104 | 15,007 | 10,459 |
| Cash Flows From Investing Activities: | |||
| Capital expenditures | (4,769) | (4,194) | (5,412) |
| Proceeds from disposal of businesses, property, plant and equipment | 872 | ||
| Proceeds from disposal of businesses, property, plant and equipment | 12 | 40 | |
| Purchases of marketable securities | (1,906) | (312) | (254) |
| Sales and maturities of marketable securities | 255 | 366 | 360 |
| Net change in finance receivables | 24 | 34 | 44 |
| Acquisitions, net of cash acquired | (755) | (602) | (20) |
| Other investing activities | (333) | 18 | (41) |
| Net cash used in investing activities | (7,472) | (3,818) | (5,283) |
| Cash Flows From Financing Activities: | |||
| Net change in short-term debt | 0 | 0 | (2,462) |
| Proceeds from long-term borrowings | 0 | 0 | 5,003 |
| Repayments of long-term borrowings | (2,304) | (2,773) | (3,392) |
| Purchases of common stock | (3,500) | (500) | (224) |
| Issuances of common stock | 262 | 251 | 285 |
| Dividends | (5,114) | (3,437) | (3,374) |
| Other financing activities | (529) | (364) | (353) |
| Net cash used in financing activities | (11,185) | (6,823) | (4,517) |
| Effect Of Exchange Rate Changes On Cash, Cash Equivalents and Restricted Cash | (100) | (21) | 13 |
| Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash | (4,653) | 4,345 | 672 |
| Cash, Cash Equivalents and Restricted Cash: | |||
| Beginning of period | 10,255 | 5,910 | |
| End of period | 5,602 | 10,255 | 5,910 |
| Cash Paid During The Period For: | |||
| Interest (net of amount capitalized) | 721 | 697 | 691 |
| Income taxes (net of refunds) | 2,574 | 1,869 | 1,138 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
UNITED PARCEL SERVICE INC | ||
Ticker: UPS Fiscal Year: 2022 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 21, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 5,602 | 10,255 |
| Marketable securities | 1,993 | 338 |
| Accounts receivable | 12,729 | 12,669 |
| Less: Allowance for credit losses | (146) | (128) |
| Accounts receivable, net | 12,583 | 12,541 |
| Other current assets | 2,039 | 1,800 |
| Total Current Assets | 22,217 | 24,934 |
| Property, Plant and Equipment, Net | 34,719 | 33,475 |
| Operating Lease Right-Of-Use Assets | 3,755 | 3,562 |
| Goodwill | 4,223 | 3,692 |
| Intangible Assets, Net | 2,796 | 2,486 |
| Deferred Income Tax Assets | 139 | 176 |
| Other Non-Current Assets | 3,275 | 1,080 |
| Total Assets | 71,124 | 69,405 |
| LIABILITIES AND SHAREOWNERS EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt, commercial paper and finance leases | 2,341 | 2,131 |
| Current maturities of operating leases | 621 | 580 |
| Accounts payable | 7,512 | 7,523 |
| Accrued wages and withholdings | 4,049 | 3,819 |
| Self-insurance reserves | 1,069 | 1,048 |
| Accrued group welfare and retirement plan contributions | 1,076 | 1,038 |
| Other current liabilities | 1,472 | 1,430 |
| Total Current Liabilities | 18,140 | 17,569 |
| Long-Term Debt and Finance Leases | 17,321 | 19,784 |
| Non-Current Operating Leases | 3,238 | 3,033 |
| Pension and Postretirement Benefit Obligations | 4,807 | 8,047 |
| Deferred Income Tax Liabilities | 4,302 | 3,125 |
| Other Non-Current Liabilities | 3,513 | 3,578 |
| Shareowners Equity: | ||
| Additional paid-in capital | 0 | 1,343 |
| Retained earnings | 21,326 | 16,179 |
| Accumulated other comprehensive loss | (1,549) | (3,278) |
| Deferred compensation obligations | 13 | 16 |
| Less: Treasury stock (0.2 and 0.3 shares in 2022 and 2021, respectively) | (13) | (16) |
| Total Equity for Controlling Interests | 19,786 | 14,253 |
| Noncontrolling Interests | 17 | 16 |
| Total Shareowners Equity | 19,803 | 14,269 |
| Total Liabilities and Shareowners Equity | 71,124 | 69,405 |
| Class of Stock | ||
| Common Class A | ||
| Common stock | 2 | 2 |
| Common Class B | ||
| Common stock | 7 | 7 |
| External Links | |
| UNITED PARCEL SERVICE INC (UPS) Fiscal Year 2022 | |
| 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 |