Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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.

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United Parcel Service Inc., consolidated balance sheet: assets

US$ in millions

		Dec 31, 2024		Dec 31, 2023		Dec 31, 2022		Dec 31, 2021		Dec 31, 2020
	Cash and cash equivalents
	Marketable securities
	Accounts receivable, net
	Assets held for sale
	Inventories
	Other current assets
	Current assets
	Property, plant and equipment, net
	Operating lease right-of-use assets
	Goodwill
	Intangible assets, net
	Deferred income tax assets
	Other non-current assets
	Non-current assets
	Total assets

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Cash and Cash Equivalents: The cash and cash equivalents balance shows significant fluctuation over the five-year period. It increased from $5910 million in 2020 to a peak of $10255 million in 2021, followed by a sharp decline in 2022 and 2023 to $5602 million and $3206 million respectively, before rebounding to $6112 million in 2024.
Marketable Securities: Marketable securities experienced considerable volatility. After a slight decrease from $406 million in 2020 to $338 million in 2021, there was a substantial increase to $1993 million in 2022 and further to $2866 million in 2023, then a steep decline to $206 million in 2024.
Accounts Receivable, Net: Accounts receivable net remained relatively stable, rising from $10750 million in 2020 to a peak of $12583 million in 2022, then gradually decreasing to $10871 million by 2024, indicating some variability but overall consistency within the range.
Inventories: Inventories steadily increased from $620 million in 2020 to a high of $935 million in 2023 before dropping to $826 million in 2024. The overall trend suggests buildup of inventory over several years with a recent decline.
Other Current Assets: Other current assets showed a general downward trend from $1333 million in 2020 to $1083 million in 2021, followed by a gradual increase to $1295 million by 2024, indicating some recovery and stabilization in this category.
Current Assets: The total current assets peaked in 2021 at $24934 million, up from $20216 million in 2020, then declined steadily to $19310 million in 2024. This pattern reflects the changes in underlying components such as cash, marketable securities, and receivables.
Property, Plant and Equipment, Net: Net property, plant and equipment exhibited steady growth from $32254 million in 2020 to $37179 million in 2024, indicating ongoing investment in long-term physical assets.
Operating Lease Right-of-Use Assets: Operating lease right-of-use assets increased consistently from $3073 million in 2020 to $4308 million in 2023, with a slight decline to $4149 million in 2024, suggesting a growing commitment to leased assets over time with minor reduction recently.
Goodwill: Goodwill rose from $3367 million in 2020 to a peak of $4872 million in 2023, then decreased to $4300 million in 2024. This fluctuation may be associated with acquisitions or impairment adjustments during the period.
Intangible Assets, Net: Intangible assets showed growth from $2274 million in 2020 to $3305 million in 2023, followed by a decline to $3064 million in 2024, mirroring the pattern observed in goodwill and suggesting changes in valuation or amortization.
Deferred Income Tax Assets: Deferred income tax assets steadily decreased from $527 million in 2020 to $112 million in 2024, potentially reflecting utilization or revaluation of deferred tax positions over time.
Other Non-Current Assets: Other non-current assets increased from $697 million in 2020 to a notable peak of $3275 million in 2022 before declining to about $1956 million in 2024, indicating variability in long-term miscellaneous assets.
Non-Current Assets: Non-current assets increased overall from $42192 million in 2020 to a peak of $51444 million in 2023, then slightly decreased to $50760 million in 2024, reflecting the combined effects of investments in property, goodwill, intangibles, and other assets.
Total Assets: Total assets rose from $62408 million in 2020 to a peak of $71124 million in 2022, then slightly decreased over the next two years to $70070 million by 2024. This overall growth with recent stabilization suggests moderate expansion followed by consolidation.

Assets: Selected Items

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Current Assets: Selected Items