UNITED PARCEL SERVICE INC

10-K & 10-Q Filings

United Parcel Service, Inc. (UPS) is a premier package delivery company and leading provider of global supply chain management solutions. Founded in 1907, UPS offers a broad range of industry-leading products and services through its extensive global presence. The company's strategy focuses on growing in markets that value its end-to-end network, with a customer-first approach, a people-led culture, and an innovation-driven mindset. UPS operates one of the largest airlines and fleets of alternative fuel vehicles under its global brand. It delivers approximately 22.3 million packages per day, totaling 5.7 billion packages during the year 2023, with total revenue of $91.0 billion. The company has two reporting segments: U.S. Domestic Package and International Package. Its global small package operations provide time-definite delivery services for express letters, documents, packages, and palletized freight via air and ground services. UPS offers a portfolio of returns services in more than 140 countries and recently acquired Happy Returns to provide innovative end-to-end return services. UPS's website is www.ups.com, and its investor relations website is www.investors.ups.com. The company's ticker symbol is UPS.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$53105.00
54127.00
55438.00
58232.00
58363.00
60906.00
65872.00
71861.00
74094.00
84628.00
97287.00
100338.00
90958.00
22925.00
21706.00
4.59%-5.32%Cost of Revenue (-)
$13507.00
13574.00
13703.00
14758.00
12947.00
13822.00
16434.00
19930.00
19109.00
22117.00
24603.00
25489.00
20445.00
5365.00
4870.00
3.51%-9.23%Gross Profit (+)
$39598.00
40553.00
41735.00
43474.00
45416.00
47084.00
49438.00
51931.00
54985.00
62511.00
72684.00
74849.00
70513.00
17560.00
16836.00
4.93%-4.12%Selling, General & Administrative (-)
$27575.00
33102.00
28557.00
32045.00
31028.00
34770.00
34588.00
37235.00
38908.00
44529.00
46707.00
47781.00
47088.00
11462.00
11639.00
4.56%1.54%Depreciation & Amortization (-)
$1782.00
1858.00
1867.00
1923.00
2084.00
2224.00
2282.00
2207.00
2360.00
2698.00
2953.00
3188.00
3366.00
834.00
898.00
5.44%7.67%Operating Expenses (-)
$33518.00
39210.00
34701.00
38506.00
37748.00
41617.00
41909.00
44907.00
47187.00
54827.00
57431.00
59240.00
58544.00
14294.00
14505.00
4.76%1.48%Costs & Expenses (Total) (-)
$47025.00
52784.00
48404.00
53264.00
50695.00
55439.00
58343.00
64837.00
66296.00
76944.00
84477.00
87244.00
81817.00
20384.00
20093.00
4.72%-1.43%Operating Income/Loss (+)
$6080.00
1343.00
7034.00
4968.00
7668.00
5467.00
7529.00
7024.00
7798.00
7684.00
12810.00
13094.00
9141.00
2541.00
1613.00
3.46%-36.52%Non-operating Income/Expense (+)
$-304.00
-369.00
-360.00
-331.00
-326.00
-331.00
-381.00
-1005.00
-2146.00
-5840.00
3785.00
1731.00
-568.00
-19.00
-77.00
-305.26%Interest Expense (-)
$348.00
393.00
380.00
353.00
341.00
381.00
453.00
605.00
653.00
701.00
694.00
704.00
785.00
188.00
195.00
7.01%3.72%Earnings before Tax (+)
$5776.00
974.00
6674.00
4637.00
7342.00
5136.00
7148.00
6019.00
5652.00
1844.00
16595.00
14825.00
8573.00
2522.00
1536.00
3.35%-39.10%Tax Expense (-)
$1972.00
167.00
2302.00
1605.00
2498.00
1705.00
2238.00
1228.00
1212.00
501.00
3705.00
3277.00
1865.00
627.00
423.00
-0.46%-32.54%Income/Loss (Continuing Operations) (+)
$3804.00
807.00
4372.00
3032.00
4844.00
3431.00
4910.00
4791.00
4440.00
1343.00
12890.00
11548.00
6708.00
1895.00
1113.00
4.84%-41.27%Net Income/Loss (+)
$3804.00
807.00
4372.00
3032.00
4844.00
3431.00
4910.00
4791.00
4440.00
1343.00
12890.00
11548.00
6708.00
1895.00
1113.00
4.84%-41.27%Net Income/Loss (Common) (+)
$3804.00
807.00
4372.00
3032.00
4844.00
3431.00
4910.00
4791.00
4440.00
1343.00
12890.00
11548.00
6708.00
1895.00
1113.00
4.84%-41.27%EPS (Basic)
$3.88
0.84
4.65
3.31
5.38
3.89
5.64
5.53
5.14
1.55
14.75
13.26
7.81
2.20
1.30
6.00%-40.91%EPS (Diluted)
$3.84
0.83
4.61
3.28
5.35
3.87
5.61
5.51
5.11
1.54
14.68
13.20
7.80
2.19
1.30
6.08%-40.64%Weighted Avg Shares (Basic)
722.71
730.36
711.45
702.06
690.18
689.23
688.25
695.99
702.09
719.51
732.55
724.81
726.82
724.78
729.40
0.05%0.64%Cash
$3034.00
7327.00
4665.00
2291.00
2730.00
3476.00
3320.00
4225.00
5238.00
5910.00
10255.00
5602.00
3206.00
6190.00
4281.00
0.46%-30.84%Short-term Investments
$1241.00
597.00
580.00
992.00
1996.00
1091.00
749.00
810.00
503.00
406.00
338.00
1993.00
2866.00
3208.00
232.00
7.22%-92.77%Receivables
$6246.00
6111.00
6502.00
6661.00
7134.00
7695.00
8773.00
8958.00
9552.00
10750.00
12541.00
12583.00
11216.00
10299.00
9554.00
5.00%-7.23%Other Assets (Current)
$1763.00
1556.00
1640.00
1864.00
1348.00
1587.00
2706.00
2217.00
1810.00
3150.00
1800.00
2039.00
2125.00
2028.00
2110.00
1.57%4.04%Assets (Current)
$12284.00
15591.00
13387.00
11808.00
13208.00
13849.00
15548.00
16210.00
17103.00
20216.00
24934.00
22217.00
19413.00
21725.00
16177.00
3.89%-25.54%Securities & Long-term Investments
$303.00
307.00
444.00
489.00
473.00
476.00
483.00
170.00
24.00
25.00
26.00
Property, Plant & Equipment (Net)
$17621.00
17894.00
17961.00
18281.00
18352.00
18800.00
22118.00
26576.00
33338.00
35327.00
37037.00
38474.00
41253.00
39084.00
41391.00
7.35%5.90%Goodwill & Intangibles
$2686.00
2776.00
2965.00
3031.00
4968.00
5515.00
5836.00
5886.00
5980.00
5641.00
6178.00
7019.00
8177.00
7060.00
8154.00
9.72%15.50%Other Assets
$1807.00
2295.00
1455.00
1862.00
1310.00
1737.00
1418.00
1174.00
1412.00
1199.00
1230.00
3414.00
2014.00
4320.00
1906.00
0.91%-55.88%Assets (Non-current)
$22417.00
23272.00
22825.00
23663.00
25103.00
26528.00
29855.00
33806.00
40754.00
42192.00
44471.00
48907.00
51444.00
50464.00
51451.00
7.17%1.96%Assets (Total)
$34701.00
38863.00
36212.00
35471.00
38311.00
40377.00
45403.00
50016.00
57857.00
62408.00
69405.00
71124.00
70857.00
72189.00
67628.00
6.13%-6.32%Accounts Payable
$4143.00
4205.00
4803.00
5127.00
4840.00
5359.00
6393.00
8235.00
8107.00
10024.00
11342.00
11561.00
9564.00
9314.00
8614.00
7.22%-7.52%Debt (Current)
$33.00
1781.00
48.00
923.00
3018.00
3681.00
4011.00
2805.00
3958.00
2623.00
2131.00
2341.00
3348.00
2332.00
1164.00
46.96%-50.09%Other Liabilities (Current)
$2338.00
2404.00
2280.00
2589.00
2838.00
2690.00
2304.00
3047.00
3348.00
4369.00
4096.00
4238.00
4764.00
4616.00
4918.00
6.11%6.54%Liabilities (Current)
$6514.00
8390.00
7131.00
8639.00
10696.00
11730.00
12708.00
14087.00
15413.00
17016.00
17569.00
18140.00
17676.00
16262.00
14696.00
8.67%-9.63%Debt (Non-current)
$11095.00
11089.00
10824.00
9864.00
11316.00
12394.00
20278.00
19931.00
24209.00
22031.00
19784.00
17321.00
18916.00
19856.00
18849.00
4.55%-5.07%Other Liabilities
$9984.00
14651.00
11769.00
14810.00
13808.00
15824.00
11387.00
12961.00
14952.00
22692.00
17783.00
15860.00
16951.00
16018.00
17150.00
4.51%7.07%Liabilities (Non-current)
$21079.00
25740.00
22593.00
24674.00
25124.00
28218.00
31665.00
32892.00
39161.00
44723.00
37567.00
33181.00
35867.00
35874.00
35999.00
4.53%0.35%Liabilities (Total)
$27593.00
34130.00
29724.00
33313.00
35820.00
39948.00
44373.00
47304.00
55069.00
61739.00
55136.00
51321.00
53543.00
52136.00
50695.00
5.68%-2.76%Treasury Stock
$88.00
78.00
69.00
59.00
51.00
45.00
37.00
32.00
26.00
20.00
16.00
13.00
9.00
9.00
6.00
-17.30%-33.33%Retained Earnings
$10128.00
7997.00
6925.00
5726.00
6001.00
4879.00
5858.00
8006.00
9105.00
6896.00
16179.00
21326.00
21055.00
21510.00
20681.00
6.29%-3.85%AOCI
$-3103.00
-3354.00
-460.00
-3594.00
-3540.00
-4483.00
-4867.00
-4994.00
-5997.00
-7113.00
-3278.00
-1549.00
-3758.00
-1481.00
-3781.00
-155.30%Shareholder's Equity
$7108.00
4733.00
6488.00
2158.00
2491.00
429.00
1030.00
3037.00
3283.00
669.00
14269.00
19803.00
17314.00
20053.00
16933.00
7.70%-15.56%Liabilities & Equity
$34701.00
38863.00
36212.00
35471.00
38311.00
40377.00
45403.00
50016.00
57857.00
62408.00
69405.00
71124.00
70857.00
72189.00
67628.00
6.13%-6.32%Net Income/Loss
$3804.00
807.00
4372.00
3032.00
4844.00
3431.00
4910.00
4791.00
4440.00
1343.00
12890.00
11548.00
6708.00
1895.00
1113.00
4.84%-41.27%Depreciation & Amortization
$1782.00
1858.00
1867.00
1923.00
2084.00
2224.00
2282.00
2207.00
2360.00
2698.00
2953.00
3188.00
3366.00
834.00
898.00
5.44%7.67%Increase/Decrease in Working Capital
$-253.00
-181.00
140.00
-121.00
387.00
755.00
1413.00
-1972.00
29.00
-1563.00
464.00
383.00
457.00
-493.00
-972.00
-97.16%Share-based Compensation
$748.00
5383.00
1416.00
2318.00
534.00
1648.00
584.00
634.00
915.00
796.00
878.00
1568.00
220.00
126.00
-27.00
-9.70%-121.43%Adjustments to Reconcile Net Income
$3269.00
6409.00
2932.00
2694.00
2586.00
3042.00
-3431.00
7920.00
4199.00
9116.00
2117.00
2556.00
3530.00
462.00
2203.00
0.64%376.84%Net Cash (Operating)
$7073.00
7216.00
7304.00
5726.00
7430.00
6473.00
1479.00
12711.00
8639.00
10459.00
15007.00
14104.00
10238.00
2357.00
3316.00
3.13%40.69%Capital Expenditure
$2051.00
2158.00
1983.00
2363.00
4257.00
3424.00
5337.00
6248.00
6321.00
5392.00
4796.00
5512.00
6487.00
638.00
1066.00
10.07%67.08%Net Cash (Investing)
$-2537.00
-1335.00
-2114.00
-2801.00
-5309.00
-2566.00
-4975.00
-6330.00
-6061.00
-5283.00
-3818.00
-7472.00
-7133.00
-1813.00
1566.00
186.38%Increase/Decrease in Debt
$-95.00
1729.00
-1775.00
-169.00
3588.00
2034.00
7827.00
-1622.00
2419.00
-851.00
-2773.00
-2304.00
2272.00
2438.00
-2198.00
-190.16%Increase/Decrease in Equity
$-2375.00
-1320.00
-3347.00
-2421.00
-2453.00
-2433.00
-1566.00
-771.00
-786.00
61.00
-249.00
-3238.00
-2002.00
-702.00
54.00
107.69%Interest Expenses
$248.00
381.00
409.00
366.00
345.00
373.00
428.00
595.00
628.00
691.00
697.00
721.00
762.00
9.81%Dividends Paid
$1997.00
2130.00
2260.00
2366.00
2525.00
2643.00
2771.00
3011.00
3194.00
3374.00
3437.00
5114.00
5372.00
1348.00
1348.00
8.60%0.00%Net Cash (Financing)
$-4862.00
-1817.00
-7807.00
-5161.00
-1565.00
-3140.00
3287.00
-5692.00
-1727.00
-4517.00
-6823.00
-11185.00
-5534.00
4.00
-3666.00
-91750.00%Cash Taxes Paid
$1527.00
1988.00
2712.00
1524.00
1913.00
2064.00
1559.00
2.00
514.00
1138.00
1869.00
2574.00
1976.00
2.17%Effect of Exchange Rate
$-10.00
229.00
-45.00
-138.00
-117.00
-21.00
53.00
-91.00
20.00
13.00
-21.00
-100.00
33.00
40.00
-48.00
-220.00%Increase/Decrease in Cash
$-336.00
4293.00
-2662.00
-2374.00
439.00
746.00
-156.00
598.00
871.00
672.00
4345.00
-4653.00
-2396.00
588.00
1168.00
98.64%Cash (Beginning)
$3370.00
3034.00
7327.00
4665.00
2291.00
2730.00
3476.00
3769.00
4367.00
5238.00
5910.00
10255.00
5602.00
5602.00
3206.00
4.33%-42.77%Cash (Ending)
$3034.00
7327.00
4665.00
2291.00
2730.00
3476.00
3320.00
4367.00
5238.00
5910.00
10255.00
5602.00
3206.00
6190.00
4374.00
0.46%-29.34%NOPAT
$4472.63
-1398.15
4175.71
3335.21
5670.06
3269.98
5886.90
7021.67
7088.84
2941.92
11367.28
10820.55
7034.08
1909.28
1168.79
3.85%-38.78%Gross Margin %
74.57%
74.92%
75.28%
74.66%
77.82%
77.31%
75.05%
72.27%
74.21%
73.87%
74.71%
74.60%
77.52%
76.60%
77.56%
Operating Margin %
11.45%
2.48%
12.69%
8.53%
13.14%
8.98%
11.43%
9.77%
10.52%
9.08%
13.17%
13.05%
10.05%
11.08%
7.43%
NOPAT Margin %
8.42%
-2.58%
7.53%
5.73%
9.72%
5.37%
8.94%
9.77%
9.57%
3.48%
11.68%
10.78%
7.73%
8.33%
5.38%
Net Margin %
7.16%
1.49%
7.89%
5.21%
8.30%
5.63%
7.45%
6.67%
5.99%
1.59%
13.25%
11.51%
7.37%
8.27%
5.13%
Tax Rate %
26.44%
204.11%
40.64%
32.87%
26.06%
40.19%
21.81%
0.03%
9.09%
61.71%
11.26%
17.36%
23.05%
24.86%
27.54%
ROA
12.89%
-3.60%
11.53%
9.40%
14.80%
8.10%
12.97%
14.04%
12.25%
4.71%
16.38%
15.21%
9.93%
2.64%
1.73%
ROE
62.92%
-29.54%
64.36%
154.55%
227.62%
762.23%
571.54%
231.20%
215.93%
439.75%
79.66%
54.64%
40.63%
9.52%
6.90%
ROIC
18.42%
-5.22%
15.97%
13.99%
21.06%
11.36%
18.11%
19.57%
15.99%
6.48%
21.82%
21.64%
13.55%
4.05%
2.33%
Asset Turnover
1.53
1.39
1.53
1.64
1.52
1.51
1.45
1.44
1.28
1.36
1.40
1.41
1.28
0.32
0.32
Equity Multiplier
4.88
8.21
5.58
16.44
15.38
94.12
44.08
16.47
17.62
93.29
4.86
3.59
4.09
3.60
3.99
Current Ratio
1.89
1.86
1.88
1.37
1.23
1.18
1.22
1.15
1.11
1.19
1.42
1.22
1.10
1.34
1.10
Quick Ratio
1.62
1.67
1.65
1.15
1.11
1.05
1.01
0.99
0.99
1.00
1.32
1.11
0.98
1.21
0.96
Debt/Equity Ratio
1.57
2.72
1.68
5.00
5.75
37.47
23.58
7.49
8.58
36.85
1.54
0.99
1.29
1.11
1.18
Interest Coverage Ratio
24.52
3.52
17.20
13.57
22.23
14.66
17.59
11.81
12.42
11.12
18.38
18.16
12.00
Working Capital/Sales
0.07
0.11
0.09
0.04
0.06
0.07
0.07
0.05
0.07
0.05
0.09
0.04
0.03
0.04
0.03
Dividend Payout Ratio %
44.65%
152.34%
54.12%
70.94%
44.53%
80.83%
47.07%
42.88%
45.06%
114.69%
30.24%
47.26%
76.37%
70.60%
115.33%
Total Payout
$4715.00
2102.00
7791.00
5322.00
1735.00
3415.00
-3062.00
5999.00
2189.00
4855.00
7156.00
11377.00
5864.00
-388.00
3492.00
1.83%1000.00%Payout Ratio %
105.42%
150.34%
186.58%
159.57%
30.60%
104.43%
-52.01%
85.44%
30.88%
165.03%
62.95%
105.14%
83.37%
-20.32%
298.77%