Stock Analysis on Net
Stock Analysis on Net

United Parcel Service Inc. (NYSE:UPS)

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (quarterly data)

US$ in millions

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Sep 30, 2020 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
Current maturities of long-term debt, commercial paper and finance leases 2,382  3,749  4,405  3,420  2,161  2,952  2,789  2,805  3,200  2,591  2,683  4,011  4,555  3,817  4,302  3,681  3,820  2,816  3,869  3,018  4,557  3,252  3,163 
Current maturities of operating leases 560  534  526  538  500  487  492  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Accounts payable 5,609  5,271  4,779  5,555  4,218  4,291  3,907  5,188  3,689  3,785  3,501  3,872  2,808  2,648  2,404  3,042  2,287  2,405  2,040  2,587  2,058  2,150  2,055 
Accrued wages and withholdings 3,140  2,922  2,606  2,552  2,483  2,743  2,913  3,047  2,748  2,549  2,523  2,521  2,439  2,293  2,270  2,317  2,270  2,149  2,131  2,253  2,317  2,148  2,142 
Self-insurance reserves 1,128  1,080  980  914  756  790  783  810  697  737  732  705  713  705  664  670  655  652  663  657  594  621  636 
Accrued group welfare and retirement plan contributions 857  794  790  793  705  735  665  715  679  655  646  677  640  607  600  598  591  559  —  —  —  —  — 
Hedge margin liabilities —  —  —  —  713  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other current liabilities 1,780  1,921  1,760  1,641  1,299  1,635  1,660  1,522  1,209  1,171  1,064  922  1,012  1,012  1,166  1,422  1,266  1,380  2,395  2,181  2,343  2,132  2,614 
Current liabilities 15,456  16,271  15,846  15,413  12,835  13,633  13,209  14,087  12,222  11,488  11,149  12,708  12,167  11,082  11,406  11,730  10,889  9,961  11,098  10,696  11,869  10,303  10,610 
Long-term debt and finance leases, excluding current maturities 23,336  23,199  24,196  21,818  21,740  20,427  20,377  19,931  20,101  20,120  20,409  20,278  14,355  14,257  12,938  12,394  11,506  11,550  11,569  11,316  10,044  9,900  9,941 
Non-current operating leases 2,473  2,463  2,493  2,391  2,063  2,026  2,093  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Pension and postretirement benefit obligations 9,630  10,554  10,477  10,601  6,443  7,524  8,270  8,347  7,012  7,026  7,053  7,061  10,075  9,981  10,393  12,694  10,052  11,029  10,839  10,638  11,992  11,814  11,616 
Deferred income tax liabilities 2,145  1,918  1,787  1,632  1,886  1,947  1,758  1,619  1,069  975  837  757  75  95  107  112  72  72  104  115  77  —  49 
Other non-current liabilities 3,760  3,276  2,783  2,719  2,741  2,807  2,869  2,995  3,159  3,258  3,641  3,569  3,145  3,035  2,976  3,018  3,056  3,077  3,078  3,055  3,072  3,266  3,269 
Non-current liabilities 41,344  41,410  41,736  39,161  34,873  34,731  35,367  32,892  31,341  31,379  31,940  31,665  27,650  27,368  26,414  28,218  24,686  25,728  25,590  25,124  25,185  24,980  24,875 
Total liabilities 56,800  57,681  57,582  54,574  47,708  48,364  48,576  46,979  43,563  42,867  43,089  44,373  39,817  38,450  37,820  39,948  35,575  35,689  36,688  35,820  37,054  35,283  35,485 
Class A common stock
Class B common stock
Additional paid-in capital 490  255  29  150  129  102  27  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Retained earnings 11,115  10,032  9,137  9,105  10,037  9,109  8,249  8,006  8,377  7,665  6,973  5,858  5,724  5,437  4,988  4,879  6,385  6,223  6,095  6,001  5,771  5,668  5,508 
Accumulated other comprehensive loss (6,022) (5,933) (5,876) (5,997) (4,617) (4,815) (4,818) (4,994) (5,288) (5,346) (5,638) (4,867) (4,224) (4,202) (4,462) (4,483) (3,651) (3,606) (3,647) (3,540) (3,851) (3,727) (3,688)
Deferred compensation obligations 20  20  19  26  25  25  25  32  32  31  31  37  37  36  36  45  44  44  43  51  51  50  49 
Treasury stock (20) (20) (19) (26) (25) (25) (25) (32) (32) (31) (31) (37) (37) (36) (36) (45) (44) (44) (43) (51) (51) (50) (49)
Equity for controlling interests 5,592  4,363  3,299  3,267  5,558  4,405  3,467  3,021  3,098  2,328  1,344  1,000  1,509  1,244  535  405  2,743  2,626  2,457  2,470  1,929  1,950  1,829 
Noncontrolling interests 14  13  14  16  16  18  18  16  28  28  31  30  30  30  25  24  24  24  23  21  19  18  18 
Total shareowners’ equity 5,606  4,376  3,313  3,283  5,574  4,423  3,485  3,037  3,126  2,356  1,375  1,030  1,539  1,274  560  429  2,767  2,650  2,480  2,491  1,948  1,968  1,847 
Total liabilities and shareowners’ equity 62,406  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: 2020-11-02), 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).

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 Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.
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 decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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 Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.
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 Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.