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: 2021 | |||
STATEMENTS OF CONSOLIDATED INCOME | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 22, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenue | $ 97,287 | 84,628 | 74,094 |
| Operating Expenses: | |||
| Compensation and benefits | 46,707 | 44,529 | 38,908 |
| Repairs and Maintenance | 2,443 | 2,365 | 1,838 |
| Depreciation and amortization | 2,953 | 2,698 | 2,360 |
| Purchased Transportation | 19,058 | 15,631 | 12,590 |
| Fuel | 3,847 | 2,582 | 3,289 |
| Other occupancy | 1,698 | 1,539 | 1,392 |
| Other expenses | 7,771 | 7,600 | 5,919 |
| Total Operating Expenses | 84,477 | 76,944 | 66,296 |
| Operating Profit | 12,810 | 7,684 | 7,798 |
| Other Income and (Expense): | |||
| Interest expense | (694) | (701) | (653) |
| Total Other Income and (Expense) | 3,785 | (5,840) | (2,146) |
| Income Before Income Taxes | 16,595 | 1,844 | 5,652 |
| Income Tax Expense | 3,705 | 501 | 1,212 |
| Net Income | 12,890 | 1,343 | 4,440 |
| Basic Earnings Per Share (in dollars per share) | 14.75 | 1.55 | 5.14 |
| Diluted Earnings Per Share (in dollars per share) | 14.68 | 1.54 | 5.11 |
| Investment income (expense) and other | 4,479 | (5,139) | (1,493) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2021 | |||
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 22, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net Income | $ 12,890 | 1,343 | 4,440 |
| Change in foreign currency translation adjustment, net of tax | (181) | 97 | 48 |
| Change in unrealized gain (loss) on marketable securities, net of tax | (7) | 2 | 6 |
| Change in unrealized gain (loss) on cash flow hedges, net of tax | 206 | (335) | 72 |
| Change in unrecognized pension and postretirement benefit costs, net of tax | 3,817 | (880) | (1,129) |
| Comprehensive Income (Loss) | 16,725 | 227 | 3,437 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITED PARCEL SERVICE INC | |||
Ticker: UPS Fiscal Year: 2021 | |||
STATEMENTS OF CONSOLIDATED CASH FLOWS | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 22, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash Flows From Operating Activities: | |||
| Net Income | $ 12,890 | 1,343 | 4,440 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Depreciation and amortization | 2,953 | 2,698 | 2,360 |
| Pension and postretirement benefit (income) expense | (2,456) | 7,125 | 3,141 |
| Pension and postretirement benefit contributions | (576) | (3,125) | (2,362) |
| Self-insurance reserves | 178 | 503 | (185) |
| Deferred tax (benefit) expense | 1,645 | (858) | 100 |
| Stock compensation expense | 878 | 796 | 915 |
| Other (gains) losses | 137 | 917 | 74 |
| Changes in assets and liabilities, net of effect of acquisitions: | |||
| Accounts receivable | (2,147) | (1,562) | (717) |
| Other assets | 312 | 218 | 698 |
| Accounts payable | 1,265 | 904 | 419 |
| Accrued wages and withholdings | (245) | 1,631 | (446) |
| Other liabilities | 151 | (110) | 182 |
| Other operating activities | 22 | (21) | 20 |
| Net cash from operating activities | 15,007 | 10,459 | 8,639 |
| Cash Flows From Investing Activities: | |||
| Capital expenditures | (4,194) | (5,412) | (6,380) |
| Proceeds from Sales of Business, Affiliate and Productive Assets | 872 | ||
| Proceeds from disposal of businesses, property, plant and equipment | 40 | 65 | |
| Purchases of marketable securities | (312) | (254) | (561) |
| Sales and maturities of marketable securities | 366 | 360 | 883 |
| Net change in finance receivables | 34 | 44 | 13 |
| Cash paid for business acquisitions, net of cash and cash equivalents acquired | (602) | (20) | (6) |
| Other investing activities | 18 | (41) | (75) |
| Net cash used in investing activities | (3,818) | (5,283) | (6,061) |
| Cash Flows From Financing Activities: | |||
| Net change in short-term debt | 0 | (2,462) | 310 |
| Proceeds from long-term borrowings | 0 | 5,003 | 5,205 |
| Repayments of long-term borrowings | (2,773) | (3,392) | (3,096) |
| Purchases of common stock | (500) | (224) | (1,004) |
| Issuances of common stock | 251 | 285 | 218 |
| Dividends | (3,437) | (3,374) | (3,194) |
| Other financing activities | (364) | (353) | (166) |
| Net cash used in financing activities | (6,823) | (4,517) | (1,727) |
| Effect Of Exchange Rate Changes On Cash, Cash Equivalents and Restricted Cash | (21) | 13 | 20 |
| Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash | 4,345 | 672 | 871 |
| Cash And Cash Equivalents: | |||
| Beginning of period | 5,910 | 5,238 | |
| End of period | 10,255 | 5,910 | 5,238 |
| Cash Paid During The Period For: | |||
| Interest (net of amount capitalized) | 697 | 691 | 628 |
| Income taxes (net of refunds) | 1,869 | 1,138 | 514 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
UNITED PARCEL SERVICE INC | ||
Ticker: UPS Fiscal Year: 2021 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 22, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 10,255 | 5,910 |
| Marketable securities | 338 | 406 |
| Accounts receivable | 12,669 | 10,888 |
| Less: Allowance for credit losses | (128) | (138) |
| Accounts receivable, net | 12,541 | 10,750 |
| Assets held for sale | 0 | 1,197 |
| Other current assets | 1,800 | 1,953 |
| Total Current Assets | 24,934 | 20,216 |
| Property, Plant and Equipment, Net | 33,475 | 32,254 |
| Operating Lease Right-Of-Use Assets | 3,562 | 3,073 |
| Goodwill | 3,692 | 3,367 |
| Intangible Assets, Net | 2,486 | 2,274 |
| Investments and Restricted Cash | 26 | 25 |
| Deferred Income Tax Assets | 176 | 527 |
| Other Non-Current Assets | 1,054 | 672 |
| Total Assets | 69,405 | 62,408 |
| LIABILITIES AND SHAREOWNERS EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt, commercial paper and finance leases | 2,131 | 2,623 |
| Current maturities of operating leases | 580 | 560 |
| Accounts payable | 7,523 | 6,455 |
| Accrued wages and withholdings | 3,819 | 3,569 |
| Self-insurance reserves | 1,048 | 1,085 |
| Accrued group welfare and retirement plan contributions | 1,038 | 927 |
| Liabilities to be disposed of | 0 | 347 |
| Other current liabilities | 1,430 | 1,450 |
| Total Current Liabilities | 17,569 | 17,016 |
| Long-Term Debt and Finance Leases | 19,784 | 22,031 |
| Non-Current Operating Leases | 3,033 | 2,540 |
| Pension and Postretirement Benefit Obligations | 8,047 | 15,817 |
| Deferred Income Tax Liabilities | 3,125 | 488 |
| Other Non-Current Liabilities | 3,578 | 3,847 |
| Shareowners Equity: | ||
| Additional paid-in capital | 1,343 | 865 |
| Retained earnings | 16,179 | 6,896 |
| Accumulated other comprehensive loss | (3,278) | (7,113) |
| Deferred compensation obligations | 16 | 20 |
| Less: Treasury stock (0.3 shares in 2021 and 0.4 shares in 2020) | (16) | (20) |
| Total Equity for Controlling Interests | 14,253 | 657 |
| Noncontrolling Interests | 16 | 12 |
| Total Shareowners Equity | 14,269 | 669 |
| Total Liabilities and Shareowners Equity | 69,405 | 62,408 |
| Class of Stock | ||
| Common Class A | ||
| Common stock | 2 | 2 |
| Common Class B | ||
| Common stock | 7 | 7 |
| External Links | |
| UNITED PARCEL SERVICE INC (UPS) Fiscal Year 2021 | |
| 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 |