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: 2010 | |||
STATEMENTS OF CONSOLIDATED INCOME | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenue | $ 49,545 | 45,297 | 51,486 |
| Operating Expenses: | |||
| Compensation and benefits | 26,324 | 25,640 | 26,063 |
| Repairs and maintenance | 1,131 | 1,075 | 1,194 |
| Depreciation and amortization | 1,792 | 1,747 | 1,814 |
| Purchased transportation | 6,640 | 5,379 | 6,550 |
| Fuel | 2,972 | 2,365 | 4,134 |
| Other occupancy | 939 | 985 | 1,027 |
| Other expenses | 3,873 | 4,305 | 5,322 |
| Total Operating Expenses | 43,671 | 41,496 | 46,104 |
| Operating Profit | 5,874 | 3,801 | 5,382 |
| Other Income and (Expense): | |||
| Investment income | 3 | 10 | 75 |
| Interest expense | (354) | (445) | (442) |
| Total Other Income and (Expense) | (351) | (435) | (367) |
| Income Before Income Taxes | 5,523 | 3,366 | 5,015 |
| Income Tax Expense | 2,035 | 1,214 | 2,012 |
| Net Income | 3,488 | 2,152 | 3,003 |
| Basic Earnings Per Share | 3.51 | 2.16 | 2.96 |
| Diluted Earnings Per Share | 3.48 | 2.14 | 2.94 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2010 | |||
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Net income | $ 3,488 | 2,152 | 3,003 |
| Change in foreign currency translation adjustment | (105) | 75 | (119) |
| Change in unrealized gain (loss) on marketable securities, net of tax | 39 | 33 | (69) |
| Change in unrealized gain (loss) on cash flow hedges, net of tax | (39) | (93) | 143 |
| Change in unrecognized pension and postretirement benefit costs, net of tax | (963) | 500 | (3,597) |
| Comprehensive income (loss) | 2,420 | 2,667 | (639) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2010 | |||
STATEMENTS OF CONSOLIDATED CASH FLOWS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash Flows From Operating Activities: | |||
| Net income | $ 3,488 | 2,152 | 3,003 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Depreciation and amortization | 1,792 | 1,747 | 1,814 |
| Pension and postretirement benefit expense | 903 | 872 | 726 |
| Pension and postretirement benefit contributions | (3,240) | (924) | (246) |
| Self-insurance reserves | 45 | 47 | 87 |
| Deferred taxes, credits and other | 1,002 | 471 | 187 |
| Stock compensation expense | 519 | 430 | 516 |
| Asset impairment charges | 181 | 575 | |
| Other (gains) losses | (13) | 115 | 634 |
| Changes in assets and liabilities, net of effect of acquisitions: | |||
| Accounts receivable | (532) | (30) | 197 |
| Income taxes receivable | (146) | 27 | 1,161 |
| Other current assets | (60) | 136 | (144) |
| Accounts payable | 265 | (107) | 87 |
| Accrued wages and withholdings | 98 | (102) | 44 |
| Other current liabilities | (284) | 184 | (184) |
| Other operating activities | (2) | 86 | (31) |
| Net cash from operating activities | 3,835 | 5,285 | 8,426 |
| Cash Flows From Investing Activities: | |||
| Capital expenditures | (1,389) | (1,602) | (2,636) |
| Proceeds from disposals of property, plant and equipment | 304 | 60 | 147 |
| Purchases of marketable securities | (2,490) | (2,251) | (3,391) |
| Sales and maturities of marketable securities | 2,520 | 2,240 | 3,113 |
| Net (increase) decrease in finance receivables | 108 | 261 | (49) |
| Other investing activities | 293 | 44 | (363) |
| Net cash used in investing activities | (654) | (1,248) | (3,179) |
| Cash Flows From Financing Activities: | |||
| Net change in short-term debt | (481) | (1,738) | (2,016) |
| Proceeds from long-term borrowings | 2,195 | 3,160 | 3,613 |
| Repayments of long-term borrowings | (468) | (1,944) | (2,518) |
| Purchases of common stock | (817) | (561) | (3,570) |
| Issuances of common stock | 218 | 149 | 169 |
| Dividends | (1,818) | (1,751) | (2,219) |
| Other financing activities | (175) | (360) | (161) |
| Net cash used in financing activities | (1,346) | (3,045) | (6,702) |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | (7) | 43 | (65) |
| Net Increase (Decrease) In Cash And Cash Equivalents | 1,828 | 1,035 | (1,520) |
| Cash And Cash Equivalents: | |||
| Beginning of period | 1,542 | 507 | |
| End of period | 3,370 | 1,542 | 507 |
| Cash Paid During The Period For: | |||
| Interest (net of amount capitalized) | 340 | 390 | 359 |
| Income taxes | 1,312 | 443 | 760 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
UNITED PARCEL SERVICE INC | ||
Ticker: UPS Fiscal Year: 2010 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 3,370 | 1,542 |
| Marketable securities | 711 | 558 |
| Accounts receivable, net | 5,627 | 5,369 |
| Finance receivables, net | 203 | 287 |
| Deferred income tax assets | 659 | 585 |
| Income taxes receivable | 287 | 266 |
| Other current assets | 712 | 668 |
| Total Current Assets | 11,569 | 9,275 |
| Property, Plant and Equipment, Net | 17,387 | 17,979 |
| Goodwill | 2,081 | 2,089 |
| Intangible Assets, Net | 599 | 596 |
| Non-Current Finance Receivables, Net | 288 | 337 |
| Non-Current Investments and Restricted Cash | 458 | 533 |
| Other Non-Current Assets | 1,215 | 1,074 |
| Total Assets | 33,597 | 31,883 |
| LIABILITIES AND SHAREOWNERS' EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt and commercial paper | 355 | 853 |
| Accounts payable | 1,974 | 1,766 |
| Accrued wages and withholdings | 1,505 | 1,416 |
| Self-insurance reserves | 725 | 757 |
| Other current liabilities | 1,343 | 1,447 |
| Total Current Liabilities | 5,902 | 6,239 |
| Long-Term Debt | 10,491 | 8,668 |
| Pension and Postretirement Benefit Obligations | 4,663 | 5,457 |
| Deferred Income Tax Liabilities | 1,870 | 1,293 |
| Self-Insurance Reserves | 1,809 | 1,732 |
| Other Non-Current Liabilities | 815 | 798 |
| Shareowners' Equity: | ||
| Additional paid-in capital | 2 | |
| Retained earnings | 14,164 | 12,745 |
| Accumulated other comprehensive loss | (6,195) | (5,127) |
| Deferred compensation obligations | 103 | 108 |
| Less: Treasury stock (2 shares in 2010 and 2009) | (103) | (108) |
| Total Equity for Controlling Interests | 7,979 | 7,630 |
| Noncontrolling Interests | 68 | 66 |
| Total Shareowners' Equity | 8,047 | 7,696 |
| Total Liabilities and Shareowners' Equity | 33,597 | 31,883 |
| Class of Stock | ||
| Class A common stock | ||
| Common stock | 3 | 3 |
| Class B common stock | ||
| Common stock | 7 | 7 |
| External Links | |
| UNITED PARCEL SERVICE INC (UPS) Fiscal Year 2010 | |
| 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 |