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: 2017 | |||
STATEMENTS OF CONSOLIDATED INCOME | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 21, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenue | $ 65,872 | 60,906 | 58,363 |
| Operating Expenses: | |||
| Compensation and benefits | 34,588 | 34,770 | 31,028 |
| Repairs and maintenance | 1,600 | 1,538 | 1,400 |
| Depreciation and amortization | 2,282 | 2,224 | 2,084 |
| Purchased transportation | 10,989 | 9,129 | 8,043 |
| Fuel | 2,690 | 2,118 | 2,482 |
| Other occupancy | 1,155 | 1,037 | 1,022 |
| Other expenses | 5,039 | 4,623 | 4,636 |
| Total Operating Expenses | 58,343 | 55,439 | 50,695 |
| Operating Profit | 7,529 | 5,467 | 7,668 |
| Other Income and (Expense): | |||
| Investment income and other | 72 | 50 | 15 |
| Interest expense | (453) | (381) | (341) |
| Total Other Income and (Expense) | (381) | (331) | (326) |
| Income Before Income Taxes | 7,148 | 5,136 | 7,342 |
| Income Tax Expense | 2,238 | 1,705 | 2,498 |
| Net Income | 4,910 | 3,431 | 4,844 |
| Basic Earnings Per Share (in dollars per share) | 5.64 | 3.89 | 5.38 |
| Diluted Earnings Per Share (in dollars per share) | 5.61 | 3.87 | 5.35 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2017 | |||
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 21, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net Income | $ 4,910 | 3,431 | 4,844 |
| Change in foreign currency translation adjustment, net of tax | 86 | (119) | (440) |
| Change in unrealized gain (loss) on marketable securities, net of tax | (1) | 0 | (1) |
| Change in unrealized gain (loss) on cash flow hedges, net of tax | (321) | (112) | 6 |
| Change in unrecognized pension and postretirement benefit costs, net of tax | (148) | (712) | 489 |
| Comprehensive Income (Loss) | 4,526 | 2,488 | 4,898 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2017 | |||
STATEMENTS OF CONSOLIDATED CASH FLOWS | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 21, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash Flows From Operating Activities: | |||
| Net Income | $ 4,910 | 3,431 | 4,844 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Depreciation and amortization | 2,282 | 2,224 | 2,084 |
| Pension and postretirement benefit expense | 1,643 | 3,725 | 1,189 |
| Pension and postretirement benefit contributions | (7,794) | (2,668) | (1,229) |
| Self-insurance reserves | 0 | (21) | (80) |
| Deferred tax expense | 1,230 | 123 | 540 |
| Stock compensation expense | 584 | 591 | 574 |
| Other (gains) losses | 37 | (198) | (185) |
| Changes in assets and liabilities, net of effect of acquisitions: | |||
| Accounts receivable | (1,022) | (704) | (452) |
| Other assets | (982) | (14) | 414 |
| Accounts payable | 592 | 461 | (147) |
| Accrued wages and withholdings | 193 | 109 | (63) |
| Other liabilities | (241) | (561) | (6) |
| Other operating activities | 47 | (25) | (53) |
| Net cash from operating activities | 1,479 | 6,473 | 7,430 |
| Cash Flows From Investing Activities: | |||
| Capital expenditures | (5,227) | (2,965) | (2,379) |
| Proceeds from disposals of property, plant and equipment | 24 | 88 | 26 |
| Purchases of marketable securities | (1,634) | (4,816) | (7,415) |
| Sales and maturities of marketable securities | 1,990 | 5,724 | 6,388 |
| Net decrease in finance receivables | 5 | 9 | 5 |
| Cash paid for business acquisitions | (134) | (547) | (1,904) |
| Other investing activities | 1 | (59) | (30) |
| Net cash used in investing activities | (4,975) | (2,566) | (5,309) |
| Cash Flows From Financing Activities: | |||
| Net change in short-term debt | (250) | (88) | 2,529 |
| Proceeds from long-term borrowings | 12,016 | 5,927 | 3,783 |
| Repayments of long-term borrowings | (3,939) | (3,805) | (2,724) |
| Purchases of common stock | (1,813) | (2,678) | (2,702) |
| Issuances of common stock | 247 | 245 | 249 |
| Dividends | (2,771) | (2,643) | (2,525) |
| Other financing activities | (203) | (98) | (175) |
| Net cash used in financing activities | 3,287 | (3,140) | (1,565) |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | 53 | (21) | (117) |
| Net Increase (Decrease) In Cash And Cash Equivalents | (156) | 746 | 439 |
| Cash And Cash Equivalents: | |||
| Beginning of period | 3,476 | 2,730 | |
| End of period | 3,320 | 3,476 | 2,730 |
| Cash Paid During The Period For: | |||
| Interest (net of amount capitalized) | 428 | 373 | 345 |
| Income taxes, net of refunds and overpayments | 1,559 | 2,064 | 1,913 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
UNITED PARCEL SERVICE INC | ||
Ticker: UPS Fiscal Year: 2017 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 21, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 3,320 | 3,476 |
| Marketable securities | 749 | 1,091 |
| Accounts receivable, net | 8,773 | 7,695 |
| Current income taxes receivable | 1,573 | 633 |
| Other current assets | 1,133 | 954 |
| Total Current Assets | 15,548 | 13,849 |
| Property, Plant and Equipment, Net | 22,118 | 18,800 |
| Goodwill | 3,872 | 3,757 |
| Intangible Assets, Net | 1,964 | 1,758 |
| Investments and Restricted Cash | 483 | 476 |
| Deferred Income Tax Assets | 265 | 591 |
| Other Non-Current Assets | 1,153 | 1,146 |
| Total Assets | 45,403 | 40,377 |
| LIABILITIES AND SHAREOWNERS EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt and commercial paper | 4,011 | 3,681 |
| Accounts payable | 3,872 | 3,042 |
| Accrued wages and withholdings | 2,521 | 2,317 |
| Hedge margin liabilities | 17 | 575 |
| Self-insurance reserves | 705 | 670 |
| Accrued group welfare and retirement plan contributions | 677 | 598 |
| Other current liabilities | 905 | 847 |
| Total Current Liabilities | 12,708 | 11,730 |
| Long-Term Debt | 20,278 | 12,394 |
| Pension and Postretirement Benefit Obligations | 7,061 | 12,694 |
| Deferred Income Tax Liabilities | 757 | 112 |
| Self-Insurance Reserves | 1,765 | 1,794 |
| Other Non-Current Liabilities | 1,804 | 1,224 |
| Shareowners' Equity: | ||
| Additional paid-in capital | 0 | 0 |
| Retained earnings | 5,858 | 4,879 |
| Accumulated other comprehensive loss | (4,867) | (4,483) |
| Deferred compensation obligations | 37 | 45 |
| Less: Treasury stock (1 share in 2017 and 2016) | (37) | (45) |
| Total Equity for Controlling Interests | 1,000 | 405 |
| Noncontrolling Interests | 30 | 24 |
| Total Shareowners Equity | 1,030 | 429 |
| Total Liabilities and Shareowners Equity | 45,403 | 40,377 |
| 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 2017 | |
| 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 |