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: 2014 | |||
STATEMENTS OF CONSOLIDATED INCOME | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenue | $ 58,232 | 55,438 | 54,127 |
| Operating Expenses: | |||
| Compensation and benefits | 32,045 | 28,557 | 33,102 |
| Repairs and maintenance | 1,371 | 1,240 | 1,228 |
| Depreciation and amortization | 1,923 | 1,867 | 1,858 |
| Purchased transportation | 8,460 | 7,486 | 7,354 |
| Fuel | 3,883 | 4,027 | 4,090 |
| Other occupancy | 1,044 | 950 | 902 |
| Other expenses | 4,538 | 4,277 | 4,250 |
| Total Operating Expenses | 53,264 | 48,404 | 52,784 |
| Operating Profit | 4,968 | 7,034 | 1,343 |
| Other Income and (Expense): | |||
| Investment income | 22 | 20 | 24 |
| Interest expense | (353) | (380) | (393) |
| Total Other Income and (Expense) | (331) | (360) | (369) |
| Income Before Income Taxes | 4,637 | 6,674 | 974 |
| Income Tax Expense | 1,605 | 2,302 | 167 |
| Net Income | 3,032 | 4,372 | 807 |
| Basic Earnings Per Share (in dollars per share) | 3.31 | 4.65 | 0.84 |
| Diluted Earnings Per Share (in dollars per share) | 3.28 | 4.61 | 0.83 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2014 | |||
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net income | $ 3,032 | 4,372 | 807 |
| Change in foreign currency translation adjustment, net of tax | (331) | (260) | 294 |
| Change in unrealized gain (loss) on marketable securities, net of tax | 1 | (7) | 0 |
| Change in unrealized gain (loss) on cash flow hedges, net of tax | 280 | 67 | (82) |
| Change in unrecognized pension and postretirement benefit costs, net of tax | (3,084) | 3,094 | (463) |
| Comprehensive income (loss) | (102) | 7,266 | 556 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2014 | |||
STATEMENTS OF CONSOLIDATED CASH FLOWS | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash Flows From Operating Activities: | |||
| Net income | $ 3,032 | 4,372 | 807 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Depreciation and amortization | 1,923 | 1,867 | 1,858 |
| Pension and postretirement benefit expense | 3,040 | 1,115 | 5,753 |
| Pension and postretirement benefit contributions | (1,258) | (212) | (917) |
| pension obligation settlement | 2,271 | ||
| Self-insurance reserves | (201) | 34 | 156 |
| Deferred tax expense | 385 | (246) | (2,083) |
| Stock compensation expense | 536 | 513 | 547 |
| Other (gains) losses | 218 | 35 | 1,082 |
| Changes in assets and liabilities, net of effect of acquisitions: | |||
| Accounts receivable | (523) | (515) | (124) |
| Other current assets | 112 | (13) | 10 |
| Accounts payable | 276 | 218 | (58) |
| Accrued wages and withholdings | 106 | 416 | 98 |
| Other current liabilities | 317 | (140) | 206 |
| Other operating activities | 34 | (140) | (119) |
| Net cash from operating activities | 5,726 | 7,304 | 7,216 |
| Cash Flows From Investing Activities: | |||
| Capital expenditures | (2,328) | (2,065) | (2,153) |
| Proceeds from disposals of property, plant and equipment | 53 | 104 | 95 |
| Purchases of marketable securities | (3,525) | (2,948) | (2,357) |
| Sales and maturities of marketable securities | 3,106 | 2,957 | 2,985 |
| Net decrease in finance receivables | 44 | 39 | 101 |
| Cash paid for business acquisitions | (88) | (22) | (100) |
| Other investing activities | (63) | (179) | 94 |
| Net cash used in investing activities | (2,801) | (2,114) | (1,335) |
| Cash Flows From Financing Activities: | |||
| Net change in short-term debt | 0 | 0 | 0 |
| Proceeds from long-term borrowings | 1,525 | 100 | 1,745 |
| Repayments of long-term borrowings | (1,694) | (1,875) | (16) |
| Purchases of common stock | (2,695) | (3,838) | (1,621) |
| Issuances of common stock | 274 | 491 | 301 |
| Dividends | (2,366) | (2,260) | (2,130) |
| Other financing activities | (205) | (425) | (96) |
| Net cash used in financing activities | (5,161) | (7,807) | (1,817) |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | (138) | (45) | 229 |
| Net Increase (Decrease) In Cash And Cash Equivalents | (2,374) | (2,662) | 4,293 |
| Cash And Cash Equivalents: | |||
| Beginning of period | 4,665 | 7,327 | |
| End of period | 2,291 | 4,665 | 7,327 |
| Cash Paid During The Period For: | |||
| Interest (net of amount capitalized) | 366 | 409 | 381 |
| Income taxes | 1,524 | 2,712 | 1,988 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
UNITED PARCEL SERVICE INC | ||
Ticker: UPS Fiscal Year: 2014 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 2,291 | 4,665 |
| Marketable securities | 992 | 580 |
| Accounts receivable, net | 6,661 | 6,502 |
| Deferred income tax assets | 590 | 684 |
| Other current assets | 1,274 | 956 |
| Total Current Assets | 11,808 | 13,387 |
| Property, Plant and Equipment, Net | 18,281 | 17,961 |
| Goodwill | 2,184 | 2,190 |
| Intangible Assets, Net | 847 | 775 |
| Investments and Restricted Cash | 489 | 444 |
| Derivative Assets | 515 | 323 |
| Deferred Income Tax Assets | 652 | 110 |
| Other Non-Current Assets | 695 | 1,022 |
| Total Assets | 35,471 | 36,212 |
| LIABILITIES AND SHAREOWNERS EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt and commercial paper | 923 | 48 |
| Accounts payable | 2,754 | 2,478 |
| Accrued wages and withholdings | 2,373 | 2,325 |
| Self-insurance reserves | 656 | 719 |
| Other current liabilities | 1,933 | 1,561 |
| Total Current Liabilities | 8,639 | 7,131 |
| Long-Term Debt | 9,864 | 10,824 |
| Pension and Postretirement Benefit Obligations | 11,452 | 7,051 |
| Deferred Income Tax Liabilities | 83 | 1,244 |
| Self-Insurance Reserves | 1,916 | 2,059 |
| Other Non-Current Liabilities | 1,359 | 1,415 |
| Shareowners' Equity: | ||
| Additional paid-in capital | 0 | 0 |
| Retained earnings | 5,726 | 6,925 |
| Accumulated other comprehensive loss | (3,594) | (460) |
| Deferred compensation obligations | 59 | 69 |
| Less: Treasury stock (1 share in 2014 and 2013) | (59) | (69) |
| Total Equity for Controlling Interests | 2,141 | 6,474 |
| Noncontrolling Interests | 17 | 14 |
| Total Shareowners Equity | 2,158 | 6,488 |
| Total Liabilities and Shareowners Equity | 35,471 | 36,212 |
| 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 2014 | |
| 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 |