Stock Analysis on Net
Stock Analysis on Net
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United Parcel Service Inc. (NYSE:UPS)

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

United Parcel Service Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Current maturities of long-term debt, commercial paper and finance leases 3,420  2,805  4,011  3,681  3,018 
Current maturities of operating leases 538  —  —  —  — 
Accounts payable 5,555  5,188  3,872  3,042  2,587 
Accrued wages and withholdings 2,552  3,047  2,521  2,317  2,253 
Self-insurance reserves 914  810  705  670  657 
Accrued group welfare and retirement plan contributions 793  715  677  598  525 
Other current liabilities 1,641  1,522  922  1,422  1,656 
Current liabilities 15,413  14,087  12,708  11,730  10,696 
Long-term debt and finance leases, excluding current maturities 21,818  19,931  20,278  12,394  11,316 
Non-current operating leases 2,391  —  —  —  — 
Pension and postretirement benefit obligations 10,601  8,347  7,061  12,694  10,638 
Deferred income tax liabilities 1,632  1,619  757  112  115 
Self-insurance reserves 1,282  1,571  1,765  1,794  1,831 
Other non-current liabilities 1,437  1,424  1,804  1,224  1,224 
Non-current liabilities 39,161  32,892  31,665  28,218  25,124 
Total liabilities 54,574  46,979  44,373  39,948  35,820 
Class A common stock 2  2  2  2  2 
Class B common stock 7  7  7  7  7 
Additional paid-in capital 150  —  —  —  — 
Retained earnings 9,105  8,006  5,858  4,879  6,001 
Accumulated other comprehensive loss (5,997) (4,994) (4,867) (4,483) (3,540)
Deferred compensation obligations 26  32  37  45  51 
Treasury stock (26) (32) (37) (45) (51)
Equity for controlling interests 3,267  3,021  1,000  405  2,470 
Noncontrolling interests 16  16  30  24  21 
Total shareowners’ equity 3,283  3,037  1,030  429  2,491 
Total liabilities and shareowners’ equity 57,857  50,016  45,403  40,377  38,311 

Based on: 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-25).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. United Parcel Service Inc.’s current liabilities increased from 2017 to 2018 and from 2018 to 2019.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. United Parcel Service Inc.’s non-current liabilities increased from 2017 to 2018 and from 2018 to 2019.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. United Parcel Service Inc.’s total liabilities increased from 2017 to 2018 and from 2018 to 2019.
Equity for controlling interests Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. United Parcel Service Inc.’s equity for controlling interests increased from 2017 to 2018 and from 2018 to 2019.