UPS

UNITED PARCEL SERVICE INCIndustrials

10-K for period ending 2025-12-31filed 2026-02-17accession 0001628280-26-008432filing on sec.gov ↗

answer key

field	SEC value	XBRL concept	printed on
Total revenue	$88.7B	RevenueFromContractWithCustomerExcludingAssessedTax	Revenue
Operating income	$7.9B	OperatingIncomeLoss	Operating Profit
Net income attributable to the company	$5.6B	NetIncomeLoss	Net Income
Diluted EPS	$6.56	EarningsPerShareDiluted	Basic Earnings Per Share · Diluted Earnings Per Share
Cash and cash equivalents	$5.9B	CashAndCashEquivalentsAtCarryingValue	Cash and cash equivalents
Total assets	$73.1B	Assets	Total Assets · Total Liabilities and Shareowners’ Equity
Total liabilities	-	not reported	not in this filing's XBRL
Total shareholders' equity attributable to the company	$16.2B	StockholdersEquity	Total Equity for Controlling Interests
Net cash from operating activities	$8.4B	NetCashProvidedByUsedInOperatingActivities	Net cash from operating activities
Net cash from investing activities	-$4.7B	NetCashProvidedByUsedInInvestingActivities	Net cash used in investing activities
Net cash from financing activities	-$4.1B	NetCashProvidedByUsedInFinancingActivities	Net cash used in financing activities

Income statement

table #35 · score 49.8 vs 28.8 runner-up · in millions

2025	2024	2023
Revenue	88,661	91,070	90,958
Operating Expenses:
Compensation and benefits	48,605	48,093	47,092
Repairs and maintenance	3,107	2,940	2,828
Depreciation and amortization	3,746	3,609	3,366
Purchased transportation	10,588	13,589	13,640
Fuel	4,316	4,366	4,775
Other occupancy	2,269	2,117	2,019
Other expenses	8,163	7,888	8,097
Total Operating Expenses	80,794	82,602	81,817
Operating Profit	7,867	8,468	9,141
Other Income and (Expense):
Investment income (expense) and other	314	(160)	219
Interest expense	(1,017)	(866)	(787)
Total Other Income and (Expense)	(703)	(1,026)	(568)
Income Before Income Taxes	7,164	7,442	8,573
Income Tax Expense	1,592	1,660	1,865
Net Income	5,572	5,782	6,708
Basic Earnings Per Share	6.56	6.76	7.81
Diluted Earnings Per Share	6.56	6.75	7.80

Balance sheet

table #34 · score 54 vs 16 runner-up · in millions

December 31,
2025	2024
ASSETS
Current Assets:
Cash and cash equivalents	5,887	6,112
Accounts receivable, net	11,209	10,871
Other current assets	1,949	2,327
Total Current Assets	19,045	19,310
Property, Plant and Equipment, Net	37,731	37,179
Operating Lease Right-Of-Use Assets	4,263	4,149
Goodwill	5,837	4,300
Intangible Assets, Net	4,021	3,064
Deferred Income Tax Assets	140	112
Other Non-Current Assets	2,053	1,956
Total Assets	73,090	70,070
LIABILITIES AND SHAREOWNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt and finance leases	608	1,838
Current maturities of operating leases	763	733
Accounts payable	6,633	6,302
Accrued wages and withholdings	3,715	3,655
Self-insurance reserves	1,137	1,086
Accrued group welfare and retirement plan contributions	1,389	1,390
Other current liabilities	1,375	1,437
Total Current Liabilities	15,620	16,441
Long-Term Debt and Finance Leases	23,519	19,446
Non-Current Operating Leases	3,700	3,635
Pension and Postretirement Benefit Obligations	6,567	6,859
Deferred Income Tax Liabilities	3,690	3,595
Other Non-Current Liabilities	3,739	3,351
Shareowners’ Equity:
Class A common stock (106 and 121 shares issued in 2025 and 2024, respectively)	1	2
Class B common stock (743 and 733 shares issued in 2025 and 2024, respectively)	8	7
Additional paid-in capital	275	136
Retained earnings	20,151	20,882
Accumulated other comprehensive loss	(4,208)	(4,309)
Deferred compensation obligations	5	7
Less: Treasury stock (0.1 shares in 2025 and 2024)	(5)	(7)
Total Equity for Controlling Interests	16,227	16,718
Noncontrolling Interests	28	25
Total Shareowners’ Equity	16,255	16,743
Total Liabilities and Shareowners’ Equity	73,090	70,070

Cash flow statement

table #37 · score 53.8 vs 9.3 runner-up · in millions

2025	2024	2023
Cash Flows From Operating Activities:
Net income	5,572	5,782	6,708
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	3,746	3,609	3,366
Pension and postretirement benefit (income) expense	1,009	1,698	1,330
Pension and postretirement benefit contributions	(1,361)	(1,524)	(1,393)
Self-insurance reserves	236	44	57
Deferred tax (benefit) expense	(8)	(15)	199
Stock compensation expense	73	24	220
Other (gains) losses	113	262	265
Changes in assets and liabilities, net of effects of business acquisitions:
Accounts receivable	(382)	(566)	1,256
Other assets	65	70	87
Accounts payable	(190)	262	(1,377)
Accrued wages and withholdings	27	501	(296)
Other liabilities	(517)	(11)	(42)
Other operating activities	67	(14)	(142)
Net cash from operating activities	8,450	10,122	10,238
Cash Flows From Investing Activities:
Capital expenditures	(3,685)	(3,909)	(5,158)
Proceeds from disposal of businesses, property, plant and equipment	700	1,115	193
Purchases of marketable securities	(90)	(76)	(3,521)
Sales and maturities of marketable securities	293	2,748	2,701
Acquisitions, net of cash acquired	(1,968)	(71)	(1,329)
Other investing activities	15	(24)	(19)
Net cash used in investing activities	(4,735)	(217)	(7,133)
Cash Flows From Financing Activities:
Net change in short-term debt	-	(1,272)	1,272
Proceeds from long-term borrowings	4,153	2,785	3,429
Repayments of long-term borrowings	(2,069)	(2,487)	(2,429)
Purchases of common stock	(1,000)	(500)	(2,250)
Issuances of common stock	159	232	248
Dividends	(5,398)	(5,399)	(5,372)
Other financing activities	14	(209)	(432)
Net cash used in financing activities	(4,141)	(6,850)	(5,534)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	201	(149)	33
Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash	(225)	2,906	(2,396)
Cash, Cash Equivalents and Restricted Cash:
Beginning of period	6,112	3,206	5,602
End of period	5,887	6,112	3,206