Stock Analysis on Net

United Parcel Service Inc. (NYSE:UPS)

Balance Sheet: Liabilities and Stockholders’ Equity 

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.

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

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Current maturities of long-term debt, commercial paper and finance leases 2,131  2,623  3,420  2,805  4,011 
Current maturities of operating leases 580  560  538  —  — 
Accounts payable 7,523  6,455  5,555  5,188  3,872 
Accrued wages and withholdings 3,819  3,569  2,552  3,047  2,521 
Self-insurance reserves 1,048  1,085  914  810  705 
Accrued group welfare and retirement plan contributions 1,038  927  793  715  677 
Liabilities to be disposed of —  347  —  —  — 
Other current liabilities 1,430  1,450  1,641  1,522  922 
Current liabilities 17,569  17,016  15,413  14,087  12,708 
Long-term debt and finance leases, excluding current maturities 19,784  22,031  21,818  19,931  20,278 
Non-current operating leases 3,033  2,540  2,391  —  — 
Pension and postretirement benefit obligations 8,047  15,817  10,601  8,347  7,061 
Deferred income tax liabilities 3,125  488  1,632  1,619  757 
Other non-current liabilities 3,578  3,847  2,719  2,995  3,569 
Non-current liabilities 37,567  44,723  39,161  32,892  31,665 
Total liabilities 55,136  61,739  54,574  46,979  44,373 
Class A common stock
Class B common stock
Additional paid-in capital 1,343  865  150  —  — 
Retained earnings 16,179  6,896  9,105  8,006  5,858 
Accumulated other comprehensive loss (3,278) (7,113) (5,997) (4,994) (4,867)
Deferred compensation obligations 16  20  26  32  37 
Treasury stock (16) (20) (26) (32) (37)
Equity for controlling interests 14,253  657  3,267  3,021  1,000 
Noncontrolling interests 16  12  16  16  30 
Total shareowners’ equity 14,269  669  3,283  3,037  1,030 
Total liabilities and shareowners’ equity 69,405  62,408  57,857  50,016  45,403 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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. current liabilities increased from 2019 to 2020 and from 2020 to 2021.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. United Parcel Service Inc. non-current liabilities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
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. total liabilities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
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 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. equity for controlling interests decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.