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: 2019 | |||
STATEMENTS OF CONSOLIDATED INCOME | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 20, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenue | $ 74,094 | 71,861 | 66,585 |
| Operating Expenses: | |||
| Compensation and benefits | 38,908 | 37,235 | 34,577 |
| Depreciation and amortization | 2,360 | 2,207 | 2,282 |
| Fuel | 3,289 | 3,427 | 2,690 |
| Other occupancy | 1,392 | 1,362 | 1,155 |
| Other expenses | 5,919 | 5,465 | 5,055 |
| Total Operating Expenses | 66,296 | 64,837 | 59,056 |
| Operating Profit | 7,798 | 7,024 | 7,529 |
| Other Income and (Expense): | |||
| Investment income (expense) and other | (1,493) | (400) | 61 |
| Interest expense | (653) | (605) | (453) |
| Total Other Income and (Expense) | (2,146) | (1,005) | (392) |
| Income Before Income Taxes | 5,652 | 6,019 | 7,137 |
| Income Tax Expense | 1,212 | 1,228 | 2,232 |
| Net Income | 4,440 | 4,791 | 4,905 |
| Basic Earnings Per Share (in dollars per share) | 5.14 | 5.53 | 5.63 |
| Diluted Earnings Per Share (in dollars per share) | 5.11 | 5.51 | 5.61 |
| Product and Service | |||
| Repairs and maintenance | |||
| Repairs and maintenance | 1,838 | 1,732 | 1,601 |
| Purchased transportation | |||
| Repairs and maintenance | 12,590 | 13,409 | 11,696 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2019 | |||
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 20, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net Income | $ 4,440 | 4,791 | 4,905 |
| Change in foreign currency translation adjustment, net of tax | 48 | (149) | 86 |
| Change in unrealized gain (loss) on marketable securities, net of tax | 6 | 0 | (1) |
| Change in unrealized gain (loss) on cash flow hedges, net of tax | 72 | 485 | (321) |
| Change in unrecognized pension and postretirement benefit costs, net of tax | (1,129) | 272 | (148) |
| Comprehensive Income (Loss) | 3,437 | 5,399 | 4,521 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2019 | |||
STATEMENTS OF CONSOLIDATED CASH FLOWS | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 20, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash Flows From Operating Activities: | |||
| Net Income | $ 4,440 | 4,791 | 4,905 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Depreciation and amortization | 2,360 | 2,207 | 2,282 |
| Pension and postretirement benefit expense | 3,141 | 2,242 | 1,643 |
| Pension and postretirement benefit contributions | (2,362) | (186) | (7,794) |
| Self-insurance reserves | (185) | (86) | 0 |
| Deferred tax (benefit) expense | 100 | 758 | 1,224 |
| Stock compensation expense | 915 | 634 | 584 |
| Other (gains) losses | 74 | 293 | 37 |
| Changes in assets and liabilities, net of effect of acquisitions: | |||
| Accounts receivable | (717) | (421) | (1,022) |
| Other assets | 698 | 754 | (984) |
| Accounts payable | 419 | 1,034 | 599 |
| Accrued wages and withholdings | (446) | 505 | 200 |
| Other liabilities | 182 | 170 | (243) |
| Other operating activities | 20 | 16 | 48 |
| Net cash from operating activities | 8,639 | 12,711 | 1,479 |
| Cash Flows From Investing Activities: | |||
| Capital expenditures | (6,380) | (6,283) | (5,227) |
| Proceeds from disposals of property, plant and equipment | 65 | 37 | 24 |
| Purchases of marketable securities | (561) | (973) | (1,630) |
| Sales and maturities of marketable securities | 883 | 886 | 1,990 |
| Net change in finance receivables | 13 | 4 | 5 |
| Cash paid for business acquisitions, net of cash and cash equivalents acquired | (6) | (2) | (134) |
| Other investing activities | (75) | 1 | 1 |
| Net cash (used in) investing activities | (6,061) | (6,330) | (4,971) |
| Cash Flows From Financing Activities: | |||
| Net change in short-term debt | 310 | 63 | (250) |
| Proceeds from long-term borrowings | 5,205 | 1,202 | 12,016 |
| Repayments of long-term borrowings | (3,096) | (2,887) | (3,939) |
| Purchases of common stock | (1,004) | (1,011) | (1,813) |
| Issuances of common stock | 218 | 240 | 247 |
| Dividends | (3,194) | (3,011) | (2,771) |
| Other financing activities | (166) | (288) | (203) |
| Net cash (used in)/from financing activities | (1,727) | (5,692) | 3,287 |
| Effect Of Exchange Rate Changes On Cash, Cash Equivalents and Restricted Cash | 20 | (91) | 53 |
| Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash | 871 | 598 | (152) |
| Cash And Cash Equivalents: | |||
| Beginning of period | 4,367 | 3,769 | |
| End of period | 5,238 | 4,367 | 3,769 |
| Cash Paid During The Period For: | |||
| Interest (net of amount capitalized) | 628 | 595 | 428 |
| Income taxes (net of refunds and overpayments) | 514 | 2 | 1,559 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
UNITED PARCEL SERVICE INC | ||
Ticker: UPS Fiscal Year: 2019 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 20, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 5,238 | 4,225 |
| Marketable securities | 503 | 810 |
| Accounts receivable, net | 9,552 | 8,958 |
| Current income taxes receivable | 382 | 940 |
| Other current assets | 1,428 | 1,277 |
| Total Current Assets | 17,103 | 16,210 |
| Property, Plant and Equipment, Net | 30,482 | 26,576 |
| Operating Lease, Right-of-Use Asset | 2,856 | 2,650 |
| Goodwill | 3,813 | 3,811 |
| Intangible Assets, Net | 2,167 | 2,075 |
| Investments and Restricted Cash | 24 | 170 |
| Deferred Income Tax Assets | 330 | 141 |
| Other Non-Current Assets | 1,082 | 1,033 |
| Total Assets | 57,857 | 50,016 |
| LIABILITIES AND SHAREOWNERS EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt and commercial paper | 3,420 | 2,805 |
| Operating Lease, Liability, Current | 538 | |
| Accounts payable | 5,555 | 5,188 |
| Accrued wages and withholdings | 2,552 | 3,047 |
| Hedge margin liabilities | 495 | 325 |
| Self-insurance reserves | 914 | 810 |
| Accrued group welfare and retirement plan contributions | 793 | 715 |
| Other current liabilities | 1,641 | 1,522 |
| Total Current Liabilities | 15,413 | 14,087 |
| Long-Term Debt and Finance Leases | 21,818 | 19,931 |
| Operating Lease, Liability, Noncurrent | 2,391 | |
| Pension and Postretirement Benefit Obligations | 10,601 | 8,347 |
| Deferred Income Tax Liabilities | 1,632 | 1,619 |
| Self-Insurance Reserves | 1,282 | 1,571 |
| Other Non-Current Liabilities | 1,437 | 1,424 |
| Shareowners' Equity: | ||
| Additional paid-in capital | 150 | 0 |
| Retained earnings | 9,105 | 8,006 |
| Accumulated other comprehensive loss | (5,997) | (4,994) |
| Deferred compensation obligations | 26 | 32 |
| Less: Treasury stock (0.4 shares in 2019 and 0.6 shares in 2018) | (26) | (32) |
| Total Equity for Controlling Interests | 3,267 | 3,021 |
| Noncontrolling Interests | 16 | 16 |
| Total Shareowners Equity | 3,283 | 3,037 |
| Total Liabilities and Shareowners Equity | 57,857 | 50,016 |
| 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 2019 | |
| 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 |