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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Mar 31, 2021 Dec 31, 2020 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
Current maturities of long-term debt, commercial paper and finance leases 1,811  2,623  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 
Current maturities of operating leases 548  560  560  534  526  538  500  487  492  —  —  —  —  —  —  —  —  —  —  —  — 
Accounts payable 6,305  6,455  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 
Accrued wages and withholdings 3,701  3,569  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 
Self-insurance reserves 1,103  1,085  1,128  1,080  980  914  756  790  783  810  697  737  732  705  713  705  664  670  655  652  663 
Accrued group welfare and retirement plan contributions 934  927  857  794  790  793  705  735  665  715  679  655  646  677  640  607  600  598  591  559  — 
Hedge margin liabilities —  —  —  —  —  —  713  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Liabilities to be disposed of 296  347  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other current liabilities 1,608  1,450  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 
Current liabilities 16,306  17,016  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 
Long-term debt and finance leases, excluding current maturities 21,916  22,031  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 
Non-current operating leases 2,524  2,540  2,473  2,463  2,493  2,391  2,063  2,026  2,093  —  —  —  —  —  —  —  —  —  —  —  — 
Pension and postretirement benefit obligations 9,594  15,817  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 
Deferred income tax liabilities 1,997  488  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 
Other non-current liabilities 3,816  3,847  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 
Non-current liabilities 39,847  44,723  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 
Total liabilities 56,153  61,739  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 
Class A common stock
Class B common stock
Additional paid-in capital 1,049  865  490  255  29  150  129  102  27  —  —  —  —  —  —  —  —  —  —  —  — 
Retained earnings 10,748  6,896  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 
Accumulated other comprehensive loss (4,659) (7,113) (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)
Deferred compensation obligations 15  20  20  20  19  26  25  25  25  32  32  31  31  37  37  36  36  45  44  44  43 
Treasury stock (15) (20) (20) (20) (19) (26) (25) (25) (25) (32) (32) (31) (31) (37) (37) (36) (36) (45) (44) (44) (43)
Equity for controlling interests 7,147  657  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 
Noncontrolling interests 12  12  14  13  14  16  16  18  18  16  28  28  31  30  30  30  25  24  24  24  23 
Total shareowners’ equity 7,159  669  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 
Total liabilities and shareowners’ equity 63,312  62,408  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 

Based on: 10-Q (filing date: 2021-05-05), 10-K (filing date: 2021-02-22), 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).

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 Q3 2020 to Q4 2020 but then slightly decreased from Q4 2020 to Q1 2021.
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 Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 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.’s total liabilities increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.
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 decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 exceeding Q3 2020 level.