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: 2018 | |||
STATEMENTS OF CONSOLIDATED INCOME | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 21, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenue | $ 71,861 | 66,585 | 61,610 |
| Operating Expenses: | |||
| Compensation and benefits | 37,235 | 34,577 | 32,534 |
| Depreciation and amortization | 2,207 | 2,282 | 2,224 |
| Fuel | 3,427 | 2,690 | 2,118 |
| Other occupancy | 1,362 | 1,155 | 1,037 |
| Other expenses | 5,465 | 5,055 | 4,619 |
| Total Operating Expenses | 64,837 | 59,056 | 53,922 |
| Operating Profit | 7,024 | 7,529 | 7,688 |
| Other Income and (Expense): | |||
| Investment income and other | (400) | 61 | (2,186) |
| Interest expense | (605) | (453) | (381) |
| Total Other Income and (Expense) | (1,005) | (392) | (2,567) |
| Income Before Income Taxes | 6,019 | 7,137 | 5,121 |
| Income Tax Expense | 1,228 | 2,232 | 1,699 |
| Net Income | 4,791 | 4,905 | 3,422 |
| Basic Earnings Per Share (in dollars per share) | 5.53 | 5.63 | 3.88 |
| Diluted Earnings Per Share (in dollars per share) | 5.51 | 5.61 | 3.86 |
| Product and Service | |||
| Repairs and maintenance | |||
| Repairs and maintenance | 1,732 | 1,601 | 1,542 |
| Purchased transportation | |||
| Repairs and maintenance | 13,409 | 11,696 | 9,848 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2018 | |||
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 21, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net Income | $ 4,791 | 4,905 | 3,422 |
| Change in foreign currency translation adjustment, net of tax | (149) | 86 | (119) |
| Change in unrealized gain (loss) on marketable securities, net of tax | 0 | (1) | 0 |
| Change in unrealized gain (loss) on cash flow hedges, net of tax | 485 | (321) | (112) |
| Change in unrecognized pension and postretirement benefit costs, net of tax | 272 | (148) | (712) |
| Comprehensive Income (Loss) | 5,399 | 4,521 | 2,479 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2018 | |||
STATEMENTS OF CONSOLIDATED CASH FLOWS | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 21, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash Flows From Operating Activities: | |||
| Net Income | $ 4,791 | 4,905 | 3,422 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Depreciation and amortization | 2,207 | 2,282 | 2,224 |
| Pension and postretirement benefit expense | 2,242 | 1,643 | 3,725 |
| Pension and postretirement benefit contributions | (186) | (7,794) | (2,668) |
| Self-insurance reserves | (86) | 0 | (21) |
| Deferred tax expense | 758 | 1,224 | 117 |
| Stock compensation expense | 634 | 584 | 591 |
| Other (gains) losses | 293 | 37 | (198) |
| Changes in assets and liabilities, net of effect of acquisitions: | |||
| Accounts receivable | (421) | (1,022) | (704) |
| Other assets | 754 | (984) | 5 |
| Accounts payable | 1,034 | 599 | 460 |
| Accrued wages and withholdings | 505 | 200 | 91 |
| Other liabilities | 170 | (243) | (546) |
| Other operating activities | 16 | 48 | (25) |
| Net cash from operating activities | 12,711 | 1,479 | 6,473 |
| Cash Flows From Investing Activities: | |||
| Capital expenditures | (6,283) | (5,227) | (2,965) |
| Proceeds from disposals of property, plant and equipment | 37 | 24 | 88 |
| Purchases of marketable securities | (973) | (1,630) | (4,813) |
| Sales and maturities of marketable securities | 886 | 1,990 | 5,724 |
| Net decrease in finance receivables | 4 | 5 | 9 |
| Cash paid for business acquisitions | (2) | (134) | (547) |
| Other investing activities | 1 | 1 | (59) |
| Net cash used in investing activities | (6,330) | (4,971) | (2,563) |
| Cash Flows From Financing Activities: | |||
| Net change in short-term debt | 63 | (250) | (88) |
| Proceeds from long-term borrowings | 1,202 | 12,016 | 5,927 |
| Repayments of long-term borrowings | (2,887) | (3,939) | (3,805) |
| Purchases of common stock | (1,011) | (1,813) | (2,678) |
| Issuances of common stock | 240 | 247 | 245 |
| Dividends | (3,011) | (2,771) | (2,643) |
| Other financing activities | (288) | (203) | (98) |
| Net cash from (used in) financing activities | (5,692) | 3,287 | (3,140) |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | (91) | 53 | (21) |
| Net Increase (Decrease) In Cash And Cash Equivalents | 598 | (152) | 749 |
| Cash And Cash Equivalents: | |||
| Beginning of period | 3,769 | 3,921 | |
| End of period | 4,367 | 3,769 | 3,921 |
| Cash Paid During The Period For: | |||
| Interest (net of amount capitalized) | 595 | 428 | 373 |
| Income taxes (net of refunds and overpayments) | 2 | 1,559 | 2,064 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
UNITED PARCEL SERVICE INC | ||
Ticker: UPS Fiscal Year: 2018 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 21, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 4,225 | 3,320 |
| Marketable securities | 810 | 749 |
| Accounts receivable, net | 8,958 | 8,773 |
| Current income taxes receivable | 940 | 1,573 |
| Other current assets | 1,277 | 1,303 |
| Total Current Assets | 16,210 | 15,718 |
| Property, Plant and Equipment, Net | 26,576 | 22,118 |
| Goodwill | 3,811 | 3,872 |
| Intangible Assets, Net | 2,075 | 1,964 |
| Investments and Restricted Cash | 170 | 483 |
| Deferred Income Tax Assets | 141 | 266 |
| Other Non-Current Assets | 1,033 | 1,153 |
| Total Assets | 50,016 | 45,574 |
| LIABILITIES AND SHAREOWNERS EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt and commercial paper | 2,805 | 4,011 |
| Accounts payable | 5,188 | 3,934 |
| Accrued wages and withholdings | 3,047 | 2,608 |
| Hedge margin liabilities | 325 | 17 |
| Self-insurance reserves | 810 | 705 |
| Accrued group welfare and retirement plan contributions | 715 | 677 |
| Other current liabilities | 1,522 | 951 |
| Total Current Liabilities | 14,087 | 12,886 |
| Long-Term Debt | 19,931 | 20,278 |
| Pension and Postretirement Benefit Obligations | 8,347 | 7,061 |
| Deferred Income Tax Liabilities | 1,619 | 756 |
| Self-Insurance Reserves | 1,571 | 1,765 |
| Other Non-Current Liabilities | 1,424 | 1,804 |
| Shareowners' Equity: | ||
| Additional paid-in capital | 0 | 0 |
| Retained earnings | 8,006 | 5,852 |
| Accumulated other comprehensive loss | (4,994) | (4,867) |
| Deferred compensation obligations | 32 | 37 |
| Less: Treasury stock (1 share in 2017 and 2016) | (32) | (37) |
| Total Equity for Controlling Interests | 3,021 | 994 |
| Noncontrolling Interests | 16 | 30 |
| Total Shareowners Equity | 3,037 | 1,024 |
| Total Liabilities and Shareowners Equity | 50,016 | 45,574 |
| 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 2018 | |
| 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 |