Stock Analysis on Net
Stock Analysis on Net

United Parcel Service Inc. (NYSE:UPS)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

United Parcel Service Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

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Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Cash and cash equivalents 8,813  8,955  5,238  4,040  4,072  4,399  4,225  4,097  4,214  3,544  3,320  3,418  3,544  2,687  3,476  3,299  3,059  3,887  2,730  3,441  3,430  4,482 
Marketable securities 403  505  503  498  725  712  810  744  720  665  749  1,043  1,060  1,031  1,091  2,059  2,613  2,380  1,996  2,248  2,792  1,935 
Accounts receivable, net 9,230  8,126  9,552  7,951  8,071  7,613  8,958  7,494  7,363  7,606  8,773  6,937  6,553  6,475  7,695  6,272  6,111  6,241  7,134  6,055  5,618  5,724 
Deferred income tax assets —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  554  554  411 
Other current assets 1,780  1,803  1,810  1,695  1,975  2,180  2,217  1,656  1,577  1,805  2,706  1,512  1,237  1,301  1,587  1,223  1,340  1,404  1,348  1,283  1,374  1,363 
Current assets 20,226  19,389  17,103  14,184  14,843  14,904  16,210  13,991  13,874  13,620  15,548  12,910  12,394  11,494  13,849  12,853  13,123  13,912  13,208  13,581  13,768  13,915 
Property, plant and equipment, net 31,439  30,908  30,482  29,071  28,095  27,247  26,576  25,379  23,901  23,239  22,118  20,988  19,841  19,225  18,800  18,489  18,251  18,285  18,352  18,163  17,970  17,901 
Operating lease right-of-use assets 2,998  3,041  2,856  2,504  2,477  2,543  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Goodwill 3,787  3,776  3,813  3,783  3,811  3,813  3,811  3,825  3,837  3,893  3,872  3,838  3,845  3,777  3,757  3,436  3,427  3,440  3,419  3,442  2,214  2,140 
Intangible assets, net 2,207  2,176  2,167  2,131  2,121  2,093  2,075  2,070  2,028  2,025  1,964  1,897  1,829  1,780  1,758  1,537  1,550  1,569  1,549  1,523  878  844 
Investments and restricted cash 24  23  24  169  168  169  170  307  306  311  483  481  479  490  476  485  485  484  473  483  469  464 
Deferred income tax assets 277  299  330  194  143  153  141  193  210  264  265  318  362  526  591  456  310  328  255  656  821  755 
Other non-current assets 1,099  1,283  1,082  1,246  1,129  1,139  1,033  924  1,067  1,112  1,153  924  974  1,088  1,146  1,086  1,193  1,150  1,055  1,154  1,131  1,313 
Non-current assets 41,831  41,506  40,754  39,098  37,944  37,157  33,806  32,698  31,349  30,844  29,855  28,446  27,330  26,886  26,528  25,489  25,216  25,256  25,103  25,421  23,483  23,417 
Total assets 62,057  60,895  57,857  53,282  52,787  52,061  50,016  46,689  45,223  44,464  45,403  41,356  39,724  38,380  40,377  38,342  38,339  39,168  38,311  39,002  37,251  37,332 

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-08), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-21), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-10), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-07).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. United Parcel Service Inc.’s current assets increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. United Parcel Service Inc.’s property, plant and equipment, net increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. United Parcel Service Inc.’s non-current assets increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. United Parcel Service Inc.’s total assets increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. United Parcel Service Inc.’s cash and cash equivalents increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020.
Marketable securities Amount of investment in marketable security, classified as current. United Parcel Service Inc.’s marketable securities increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. United Parcel Service Inc.’s accounts receivable, net decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.