UPS

figures

checks

• assets = liabilities + equity · total assets equals total liabilities and equity
• equity excludes minority interests · totalEquity excludes noncontrolling interests
• net income is before preferred dividends · net income is not the after-preferred-dividends line
• diluted EPS is for total net income · diluted EPS is for total net income
• net income excludes minority interests · not applicable: no noncontrolling interest line printed
• cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

management's claims

trace

1. 0locator (code)0.20s

   {
     "tables": 108,
     "exhibits": [],
     "documents": 1
   }

   {
     "income": {
       "rows": 21,
       "scale": 1000000,
       "score": 49.75,
       "heading": "1 UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES STATEMENTS OF CONSOLIDATED INCOME (In millions, except per share amounts)",
       "tableIndex": 35,
       "runnerUpScore": 28.75
     },
     "balance": {
       "rows": 42,
       "scale": 1000000,
       "score": 54,
       "heading": " Company's auditor since 1969. 60 UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions)",
       "tableIndex": 34,
       "runnerUpScore": 16
     },
     "cashflow": {
       "rows": 41,
       "scale": 1000000,
       "score": 53.75,
       "heading": "inancial statements. 62 UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES STATEMENTS OF CONSOLIDATED CASH FLOWS (In millions)",
       "tableIndex": 37,
       "runnerUpScore": 9.25
     }
   }

2. 1cash flow agent1.73s · 1513 tokens · $0.0002

   {
     "rows": 41,
     "retryHint": null,
     "tableIndex": 37
   }

   {
     "figures": [
       {
         "note": "This row is the operating activities section total after changes in working capital.",
         "field": "operatingCashFlow",
         "scale": 1000000,
         "value": 8450000000,
         "printed": "8,450",
         "rowIndex": 18,
         "rowLabel": "Net cash from operating activities",
         "priorValue": 10122000000,
         "agentPrinted": "8,450",
         "failedChecks": [],
         "priorPrinted": "10,122",
         "groundingMismatch": false
       },
       {
         "note": "This row is the investing activities section total.",
         "field": "investingCashFlow",
         "scale": 1000000,
         "value": -4735000000,
         "printed": "(4,735)",
         "rowIndex": 26,
         "rowLabel": "Net cash used in investing activities",
         "priorValue": -217000000,
         "agentPrinted": "(4,735)",
         "failedChecks": [],
         "priorPrinted": "(217)",
         "groundingMismatch": false
       },
       {
         "note": "This row is the financing activities section total.",
         "field": "financingCashFlow",
         "scale": 1000000,
         "value": -4141000000,
         "printed": "(4,141)",
         "rowIndex": 35,
         "rowLabel": "Net cash used in financing activities",
         "priorValue": -6850000000,
         "agentPrinted": "(4,141)",
         "failedChecks": [],
         "priorPrinted": "(6,850)",
         "groundingMismatch": false
       }
     ],
     "statement": "cashflow",
     "tableIndex": 37,
     "priorColumn": 1,
     "currentColumn": 0
   }

3. 2income statement agent1.79s · 1390 tokens · $0.0002

   {
     "rows": 21,
     "retryHint": null,
     "tableIndex": 35
   }

   {
     "figures": [
       {
         "note": "Revenue is printed as the company-wide total on this row.",
         "field": "revenue",
         "scale": 1000000,
         "value": 88661000000,
         "printed": "88,661",
         "rowIndex": 1,
         "rowLabel": "Revenue",
         "priorValue": 91070000000,
         "agentPrinted": "88,661",
         "failedChecks": [],
         "priorPrinted": "91,070",
         "groundingMismatch": false
       },
       {
         "note": "Operating Profit is the statement’s operating-income line.",
         "field": "operatingIncome",
         "scale": 1000000,
         "value": 7867000000,
         "printed": "7,867",
         "rowIndex": 11,
         "rowLabel": "Operating Profit",
         "priorValue": 8468000000,
         "agentPrinted": "7,867",
         "failedChecks": [],
         "priorPrinted": "8,468",
         "groundingMismatch": false
       },
       {
         "note": "Net Income is the only net income line printed.",
         "field": "netIncome",
         "scale": 1000000,
         "value": 5572000000,
         "printed": "5,572",
         "rowIndex": 18,
         "rowLabel": "Net Income",
         "priorValue": 5782000000,
         "agentPrinted": "5,572",
         "failedChecks": [],
         "priorPrinted": "5,782",
         "groundingMismatch": false
       },
       {
         "note": "This row prints diluted earnings per share.",
         "field": "epsDiluted",
         "scale": 1,
         "value": 6.56,
         "printed": "6.56",
         "rowIndex": 20,
         "rowLabel": "Diluted Earnings Per Share",
         "priorValue": 6.75,
         "agentPrinted": "6.56",
         "failedChecks": [],
         "priorPrinted": "6.75",
         "groundingMismatch": false
       }
     ],
     "statement": "income",
     "tableIndex": 35,
     "priorColumn": 1,
     "currentColumn": 0
   }

4. 3balance sheet agent1.94s · 1500 tokens · $0.0002

   {
     "rows": 42,
     "retryHint": null,
     "tableIndex": 34
   }

   {
     "figures": [
       {
         "note": "This is the printed cash and cash equivalents balance for the current period.",
         "field": "cash",
         "scale": 1000000,
         "value": 5887000000,
         "printed": "5,887",
         "rowIndex": 4,
         "rowLabel": "Cash and cash equivalents",
         "priorValue": 6112000000,
         "agentPrinted": "5,887",
         "failedChecks": [],
         "priorPrinted": "6,112",
         "groundingMismatch": false
       },
       {
         "note": "This row explicitly reports total assets.",
         "field": "totalAssets",
         "scale": 1000000,
         "value": 73090000000,
         "printed": "73,090",
         "rowIndex": 14,
         "rowLabel": "Total Assets",
         "priorValue": 70070000000,
         "agentPrinted": "73,090",
         "failedChecks": [],
         "priorPrinted": "70,070",
         "groundingMismatch": false
       },
       {
         "note": "The statement does not print a total liabilities line; the combined liabilities and equity total is not a substitute.",
         "field": "totalLiabilities",
         "scale": 1000000,
         "value": null,
         "printed": null,
         "rowIndex": null,
         "rowLabel": null,
         "priorValue": null,
         "agentPrinted": null,
         "failedChecks": [],
         "priorPrinted": null,
         "groundingMismatch": false
       },
       {
         "note": "This is equity for controlling interests, excluding the separately reported noncontrolling interests.",
         "field": "totalEquity",
         "scale": 1000000,
         "value": 16227000000,
         "printed": "16,227",
         "rowIndex": 38,
         "rowLabel": "Total Equity for Controlling Interests",
         "priorValue": 16718000000,
         "agentPrinted": "16,227",
         "failedChecks": [],
         "priorPrinted": "16,718",
         "groundingMismatch": false
       }
     ],
     "statement": "balance",
     "tableIndex": 34,
     "priorColumn": 1,
     "currentColumn": 0
   }

5. 4reconciler (code)0.00s

   null

   [
     {
       "name": "balance_identity",
       "detail": "total assets equals total liabilities and equity",
       "fields": [
         "totalAssets"
       ],
       "passed": true,
       "skipped": false,
       "statement": "balance"
     },
     {
       "name": "totalEquity_attribution",
       "detail": "totalEquity excludes noncontrolling interests",
       "fields": [
         "totalEquity"
       ],
       "passed": true,
       "skipped": false,
       "statement": "balance"
     },
     {
       "name": "netIncome_before_preferred",
       "detail": "net income is not the after-preferred-dividends line",
       "fields": [
         "netIncome"
       ],
       "passed": true,
       "skipped": false,
       "statement": "income"
     },
     {
       "name": "epsDiluted_total",
       "detail": "diluted EPS is for total net income",
       "fields": [
         "epsDiluted"
       ],
       "passed": true,
       "skipped": false,
       "statement": "income"
     },
     {
       "name": "netIncome_attribution",
       "detail": "no noncontrolling interest line printed",
       "fields": [
         "netIncome"
       ],
       "passed": true,
       "skipped": true,
       "statement": "income"
     },
     {
       "name": "cash_flow_tie",
       "detail": "operating + investing + financing (+ FX) equals the net change in cash",
       "fields": [
         "operatingCashFlow",
         "investingCashFlow",
         "financingCashFlow"
       ],
       "passed": true,
       "skipped": false,
       "statement": "cashflow"
     }
   ]

6. 5MD&A claims agent3.18s · 2241 tokens · $0.0004

   null

   [
     {
       "kind": "amount_change",
       "field": "operatingIncome",
       "quote": "As a result of the factors described above, operating profit decreased $419 million, with operating margin decreasing 60 basis points to 6.6%. Non-GAAP adjusted operating profit increased $88 million, with non-GAAP adjusted operating margin increasing 20 basis points to 7.7%.",
       "scope": "segment_or_non_gaap",
       "actual": null,
       "reason": "Operating income: about a segment, region or non-GAAP measure, which the statements can't confirm",
       "claimed": null,
       "verdict": "not_checked",
       "asWritten": "$419 million",
       "tolerance": null,
       "quoteVerified": true
     },
     {
       "kind": "amount_change",
       "field": "operatingIncome",
       "quote": "As a result of the factors described above, operating profit decreased $318 million, with operating margin decreasing 230 basis points to 15.5%. Non-GAAP adjusted operating profit decreased $425 million and non-GAAP adjusted operating margin decreased 290 basis points to 15.8%. Amid these challenges, our brokerage services contributed to our operating profit.",
       "scope": "segment_or_non_gaap",
       "actual": null,
       "reason": "Operating income: about a segment, region or non-GAAP measure, which the statements can't confirm",
       "claimed": null,
       "verdict": "not_checked",
       "asWritten": "$318 million",
       "tolerance": null,
       "quoteVerified": true
     },
     {
       "kind": "amount_change",
       "field": "operatingIncome",
       "quote": "As a result of the factors described above, operating profit increased $136 million, with operating margin increasing 280 basis points to 10.1%. On a non-GAAP adjusted basis, operating profit increased $104 million, with non-GAAP adjusted operating margin increasing 260 basis points to 10.6%.",
       "scope": "segment_or_non_gaap",
       "actual": null,
       "reason": "Operating income: about a segment, region or non-GAAP measure, which the statements can't confirm",
       "claimed": null,
       "verdict": "not_checked",
       "asWritten": "$136 million",
       "tolerance": null,
       "quoteVerified": true
     },
     {
       "kind": "percent_change",
       "field": "revenue",
       "quote": "Global trade policy changes in 2025, including de minimis exclusions, resulted in shifting trade lane volumes and reduced segment margin. Results reflect complex macro environment pressures, which weakened small package U.S. export and import performance. Despite these challenges, we achieved revenue growth of 3.4%, driven, in part, by brokerage results.",
       "scope": "segment_or_non_gaap",
       "actual": null,
       "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
       "claimed": null,
       "verdict": "not_checked",
       "asWritten": "3.4%",
       "tolerance": null,
       "quoteVerified": true
     }
   ]