Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

United Parcel Service Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	6,708)	11,548)	12,890)	1,343)	4,440)
Depreciation and amortization	3,366)	3,188)	2,953)	2,698)	2,360)
Pension and postretirement benefit (income) expense	1,330)	(129)	(2,456)	7,125)	3,141)
Pension and postretirement benefit contributions	(1,393)	(2,342)	(576)	(3,125)	(2,362)
Self-insurance reserves	57)	(20)	178)	503)	(185)
Deferred tax expense (benefit)	199)	531)	1,645)	(858)	100)
Stock compensation expense	220)	1,568)	878)	796)	915)
Other losses	265)	123)	137)	917)	74)
Accounts receivable	1,256)	(322)	(2,147)	(1,562)	(717)
Other assets	87)	117)	312)	218)	698)
Accounts payable	(1,377)	34)	1,265)	904)	419)
Accrued wages and withholdings	(296)	(189)	(245)	1,631)	(446)
Other liabilities	(42)	(9)	151)	(110)	182)
Changes in assets and liabilities, net of effects of acquisitions	(372)	(369)	(664)	1,081)	136)
Other operating activities	(142)	6)	22)	(21)	20)
Adjustments to reconcile net income to net cash from operating activities	3,530)	2,556)	2,117)	9,116)	4,199)
Net cash from operating activities	10,238)	14,104)	15,007)	10,459)	8,639)
Capital expenditures	(5,158)	(4,769)	(4,194)	(5,412)	(6,380)
Proceeds from disposal of businesses, property, plant and equipment	193)	12)	872)	40)	65)
Purchases of marketable securities	(3,521)	(1,906)	(312)	(254)	(561)
Sales and maturities of marketable securities	2,701)	255)	366)	360)	883)
Acquisitions, net of cash acquired	(1,329)	(755)	(602)	(20)	(6)
Other investing activities	(19)	(309)	52)	3)	(62)
Net cash used in investing activities	(7,133)	(7,472)	(3,818)	(5,283)	(6,061)
Net change in short-term debt	1,272)	—)	—)	(2,462)	310)
Proceeds from long-term borrowings	3,429)	—)	—)	5,003)	5,205)
Repayments of long-term borrowings	(2,429)	(2,304)	(2,773)	(3,392)	(3,096)
Purchases of common stock	(2,250)	(3,500)	(500)	(224)	(1,004)
Issuances of common stock	248)	262)	251)	285)	218)
Dividends	(5,372)	(5,114)	(3,437)	(3,374)	(3,194)
Other financing activities	(432)	(529)	(364)	(353)	(166)
Net cash used in financing activities	(5,534)	(11,185)	(6,823)	(4,517)	(1,727)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	33)	(100)	(21)	13)	20)
Net increase (decrease) in cash, cash equivalents and restricted cash	(2,396)	(4,653)	4,345)	672)	871)
Cash, cash equivalents and restricted cash, beginning of period	5,602)	10,255)	5,910)	5,238)	4,367)
Cash, cash equivalents and restricted cash, end of period	3,206)	5,602)	10,255)	5,910)	5,238)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Cash flow statement item	Description	The company
Net cash from operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	United Parcel Service Inc. net cash from operating activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	United Parcel Service Inc. net cash used in investing activities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	United Parcel Service Inc. net cash used in financing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

United Parcel Service Inc. (NYSE:UPS)

Cash Flow Statement