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: 2020 | |||
STATEMENTS OF CONSOLIDATED INCOME | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 22, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenue | $ 84,628 | 74,094 | 71,861 |
| Operating Expenses: | |||
| Compensation and benefits | 44,529 | 38,908 | 37,235 |
| Depreciation and amortization | 2,698 | 2,360 | 2,207 |
| Fuel | 2,582 | 3,289 | 3,427 |
| Other occupancy | 1,539 | 1,392 | 1,362 |
| Other expenses | 7,600 | 5,919 | 5,465 |
| Total Operating Expenses | 76,944 | 66,296 | 64,837 |
| Operating Profit | 7,684 | 7,798 | 7,024 |
| Other Income and (Expense): | |||
| Interest expense | (701) | (653) | (605) |
| Total Other Income and (Expense) | (5,840) | (2,146) | (1,005) |
| Income Before Income Taxes | 1,844 | 5,652 | 6,019 |
| Income Tax Expense | 501 | 1,212 | 1,228 |
| Net Income | 1,343 | 4,440 | 4,791 |
| Basic Earnings Per Share (in dollars per share) | 1.55 | 5.14 | 5.53 |
| Diluted Earnings Per Share (in dollars per share) | 1.54 | 5.11 | 5.51 |
| Investment income (expense) and other | (5,139) | (1,493) | (400) |
| Product and Service | |||
| Repairs and maintenance | |||
| Repairs and maintenance | 2,365 | 1,838 | 1,732 |
| Purchased transportation | |||
| Repairs and maintenance | 15,631 | 12,590 | 13,409 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2020 | |||
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 22, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net Income | $ 1,343 | 4,440 | 4,791 |
| Change in foreign currency translation adjustment, net of tax | 97 | 48 | (149) |
| Change in unrealized gain (loss) on marketable securities, net of tax | 2 | 6 | 0 |
| Change in unrealized gain (loss) on cash flow hedges, net of tax | (335) | 72 | 485 |
| Change in unrecognized pension and postretirement benefit costs, net of tax | (880) | (1,129) | 272 |
| Comprehensive Income (Loss) | 227 | 3,437 | 5,399 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2020 | |||
STATEMENTS OF CONSOLIDATED CASH FLOWS | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 22, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash Flows From Operating Activities: | |||
| Net Income | $ 1,343 | 4,440 | 4,791 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Depreciation and amortization | 2,698 | 2,360 | 2,207 |
| Pension and postretirement benefit expense | 7,125 | 3,141 | 2,242 |
| Pension and postretirement benefit contributions | (3,125) | (2,362) | (186) |
| Self-insurance reserves | 503 | (185) | (86) |
| Deferred tax (benefit) expense | (858) | 100 | 758 |
| Stock compensation expense | 796 | 915 | 634 |
| Other (gains) losses | 917 | 74 | 293 |
| Changes in assets and liabilities, net of effect of acquisitions: | |||
| Accounts receivable | (1,562) | (717) | (421) |
| Other assets | 218 | 698 | 754 |
| Accounts payable | 904 | 419 | 1,034 |
| Accrued wages and withholdings | 1,631 | (446) | 505 |
| Other liabilities | (110) | 182 | 170 |
| Other operating activities | (21) | 20 | 16 |
| Net cash from operating activities | 10,459 | 8,639 | 12,711 |
| Cash Flows From Investing Activities: | |||
| Capital expenditures | (5,412) | (6,380) | (6,283) |
| Proceeds from disposals of property, plant and equipment | 40 | 65 | 37 |
| Purchases of marketable securities | (254) | (561) | (973) |
| Sales and maturities of marketable securities | 360 | 883 | 886 |
| Net change in finance receivables | 44 | 13 | 4 |
| Cash paid for business acquisitions, net of cash and cash equivalents acquired | (20) | (6) | (2) |
| Other investing activities | (41) | (75) | 1 |
| Net cash (used in) investing activities | (5,283) | (6,061) | (6,330) |
| Cash Flows From Financing Activities: | |||
| Net change in short-term debt | (2,462) | 310 | 63 |
| Proceeds from long-term borrowings | 5,003 | 5,205 | 1,202 |
| Repayments of long-term borrowings | (3,392) | (3,096) | (2,887) |
| Purchases of common stock | (224) | (1,004) | (1,011) |
| Issuances of common stock | 285 | 218 | 240 |
| Dividends | (3,374) | (3,194) | (3,011) |
| Other financing activities | (353) | (166) | (288) |
| Net cash (used in) financing activities | (4,517) | (1,727) | (5,692) |
| Effect Of Exchange Rate Changes On Cash, Cash Equivalents and Restricted Cash | 13 | 20 | (91) |
| Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash | 672 | 871 | 598 |
| Cash And Cash Equivalents: | |||
| Beginning of period | 5,238 | 4,367 | |
| End of period | 5,910 | 5,238 | 4,367 |
| Cash Paid During The Period For: | |||
| Interest (net of amount capitalized) | 691 | 628 | 595 |
| Income taxes (net of refunds and overpayments) | 1,138 | 514 | 2 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
UNITED PARCEL SERVICE INC | ||
Ticker: UPS Fiscal Year: 2020 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 22, 2021) | ||
| (In Millions) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 5,910 | 5,238 |
| Marketable securities | 406 | 503 |
| Accounts receivable | 10,888 | 9,645 |
| Less: Allowance for credit losses | (138) | (93) |
| Accounts receivable, net | 10,750 | 9,552 |
| Assets held for sale | 1,197 | 0 |
| Other current assets | 1,953 | 1,810 |
| Total Current Assets | 20,216 | 17,103 |
| Property, Plant and Equipment, Net | 32,254 | 30,482 |
| Operating Lease, Right-of-Use Asset | 3,073 | 2,856 |
| Goodwill | 3,367 | 3,813 |
| Intangible Assets, Net | 2,274 | 2,167 |
| Investments and Restricted Cash | 25 | 24 |
| Deferred Income Tax Assets | 527 | 330 |
| Other Non-Current Assets | 672 | 1,082 |
| Total Assets | 62,408 | 57,857 |
| LIABILITIES AND SHAREOWNERS EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt, commercial paper and finance leases | 2,623 | 3,420 |
| Operating Lease, Liability, Current | 560 | 538 |
| Accounts payable | 6,455 | 5,555 |
| Accrued wages and withholdings | 3,569 | 2,552 |
| Self-insurance reserves | 1,085 | 914 |
| Accrued group welfare and retirement plan contributions | 927 | 793 |
| Liabilities to be disposed of | 347 | 0 |
| Other current liabilities | 1,450 | 1,641 |
| Total Current Liabilities | 17,016 | 15,413 |
| Long-Term Debt and Finance Leases | 22,031 | 21,818 |
| Operating Lease, Liability, Noncurrent | 2,540 | 2,391 |
| Pension and Postretirement Benefit Obligations | 15,817 | 10,601 |
| Deferred Income Tax Liabilities, Net | 488 | 1,632 |
| Other Non-Current Liabilities | 3,847 | 2,719 |
| Shareowners' Equity: | ||
| Additional paid-in capital | 865 | 150 |
| Retained earnings | 6,896 | 9,105 |
| Accumulated other comprehensive loss | (7,113) | (5,997) |
| Deferred compensation obligations | 20 | 26 |
| Less: Treasury stock (0.4 shares in 2020 and 2019) | (20) | (26) |
| Total Equity for Controlling Interests | 657 | 3,267 |
| Noncontrolling Interests | 12 | 16 |
| Total Shareowners Equity | 669 | 3,283 |
| Total Liabilities and Shareowners Equity | 62,408 | 57,857 |
| Treasury stock, shares | 0 | 0 |
| Class of Stock | ||
| Common Class A | ||
| Common stock | 2 | 2 |
| Statement, Equity Components | ||
| Common Stock | ||
| Total Equity for Controlling Interests | 2 | 2 |
| Common stock, shares issued | 147 | 156 |
| Common Class B | ||
| Total Equity for Controlling Interests | 7 | 7 |
| Common stock, shares issued | 718 | 701 |
| Common stock | 7 | 7 |
| External Links | |
| UNITED PARCEL SERVICE INC (UPS) Fiscal Year 2020 | |
| 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 |