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United Parcel Service Inc. (UPS)


Balance Sheet: Liabilities and Stockholders’ Equity

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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, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Current maturities of long-term debt and commercial paper 2,805  4,011  3,681  3,018  923 
Accounts payable 5,188  3,872  3,042  2,587  2,754 
Accrued wages and withholdings 3,047  2,521  2,317  2,253  2,373 
Self-insurance reserves 810  705  670  657  656 
Accrued group welfare and retirement plan contributions 715  677  598  525  — 
Other current liabilities 1,522  922  1,422  1,656  1,933 
Current liabilities 14,087  12,708  11,730  10,696  8,639 
Long-term debt, excluding current maturities 19,931  20,278  12,394  11,316  9,864 
Pension and postretirement benefit obligations 8,347  7,061  12,694  10,638  11,452 
Deferred income tax liabilities 1,619  757  112  115  83 
Self-insurance reserves 1,571  1,765  1,794  1,831  1,916 
Other non-current liabilities 1,424  1,804  1,224  1,224  1,359 
Non-current liabilities 32,892  31,665  28,218  25,124  24,674 
Total liabilities 46,979  44,373  39,948  35,820  33,313 
Class A common stock
Class B common stock
Additional paid-in capital —  —  —  —  — 
Retained earnings 8,006  5,858  4,879  6,001  5,726 
Accumulated other comprehensive loss (4,994) (4,867) (4,483) (3,540) (3,594)
Deferred compensation obligations 32  37  45  51  59 
Treasury stock (32) (37) (45) (51) (59)
Equity for controlling interests 3,021  1,000  405  2,470  2,141 
Noncontrolling interests 16  30  24  21  17 
Total shareowners’ equity 3,037  1,030  429  2,491  2,158 
Total liabilities and shareowners’ equity 50,016  45,403  40,377  38,311  35,471 

Based on: 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), 10-K (filing date: 2015-02-27).

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 2016 to 2017 and from 2017 to 2018.
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 2016 to 2017 and from 2017 to 2018.
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 2016 to 2017 and from 2017 to 2018.
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 2016 to 2017 and from 2017 to 2018.