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United Parcel Service Inc (UPS) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

United Parcel Service Inc

CIK: 1090727 Ticker: UPS
For Immediate Release

Contacts:
Mark Dickens, Public Relations
 
404-828-7593
 
Andy Dolny, Investor Relations
 
404-828-8901
                


UPS ACHIEVES RECORD EARNINGS PER SHARE

2012 Free Cash Flow $5.4 Billion;
Expects 2013 EPS growth 6-to-12%; $4 Billion in Share Repurchases


ATLANTA, Jan. 31, 2013 - UPS (NYSE:UPS) today announced record 2012 fourth quarter and full year adjusted diluted earnings per share of $1.32 and $4.53 respectively, with the U.S. Domestic segment leading the way. The company generated annual free cash flow of approximately $5.4 billion, a testament to operations execution and the emphasis UPS places on capital efficiency. UPS estimates that Hurricane Sandy reduced earnings per share by approximately $0.05.

UPS recorded a fourth quarter mark-to-market, non-cash, after-tax charge of $3.0 billion for its company-sponsored pension and post-retirement benefit plans. Although the plans exceeded their expected rate of return, these incremental gains were more than offset by a 120 basis point decline in year-end discount rates. As a result, on a GAAP basis, diluted earnings per share for the quarter fell to a loss of $1.83. For the full year, reported diluted earnings per share were $0.83. This adjustment does not affect cash flow, required pension funding or benefits paid to plan participants.

“2012 presented its challenges, most notably weak global trade. Nonetheless, UPS executed well, delivering superior service to customers,” said Scott Davis, UPS Chairman and CEO. “Despite modest macro growth expectations for 2013 and uncertainty in the U.S. caused by the lack of progress in Washington, the UPS business model will deliver consistent results, with operating profit growth in all segments.”

UPS expects full year earnings per share to be within a range of $4.80 - $5.06, an increase of 6-to-12% compared to 2012 adjusted results. The company also raised guidance for 2013 share repurchases from $1.5 billion to $4.0 billion.







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The following information was filed by United Parcel Service Inc (UPS) on Thursday, January 31, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Statements Of Consolidated Cash Flows
Statements Of Consolidated Comprehensive Income
Statements Of Consolidated Income
Business Acquisitions, Goodwill And Intangible Assets
Business Acquisitions, Goodwill And Intangible Assets (tables)
Business Acquisitions, Goodwill And Intangible Assets - Additional Information (detail)
Business Acquisitions, Goodwill And Intangible Assets - Allocation Of Goodwill By Reportable Segment (detail)
Business Acquisitions, Goodwill And Intangible Assets - Summary Of Intangible Assets (detail)
Cash And Investments
Cash And Investments (tables)
Cash And Investments - Additional Information (detail)
Cash And Investments - Amortized Cost And Estimated Fair Value Of Marketable Securities By Contractual Maturity (detail)
Cash And Investments - Changes In Level 3 Instruments Measured On A Recurring Basis (detail)
Cash And Investments - Summary Of Marketable Securities (detail)
Company-sponsored Employee Benefit Plans
Company-sponsored Employee Benefit Plans (tables)
Company-sponsored Employee Benefit Plans - Additional Information (detail)
Company-sponsored Employee Benefit Plans - Amounts In Aoci Expected To Be Amortized And Recognized As A Component Of Net Periodic Benefit Cost (detail)
Company-sponsored Employee Benefit Plans - Effects Of One Percent Change In Assumed Health Care Cost Trend (detail)
Company-sponsored Employee Benefit Plans - Expected Cash Flows For Pension And Postretirement Benefit Plans (detail)
Company-sponsored Employee Benefit Plans - Fair Value Measurement Of Plan Assets Using Unobservable Inputs (detail)
Company-sponsored Employee Benefit Plans - Fair Values Of U.s. Pension And Postretirement Benefit Plan Assets By Asset Category As Well As The Percentage That Each Category Comprises Of Total Plan Assets And The Respective Target Allocations (detail)
Company-sponsored Employee Benefit Plans - Funded Status As Of The Respective Measurement Dates In Each Year And The Amounts Recognized In Balance Sheet (detail)
Company-sponsored Employee Benefit Plans - Net Periodic Benefit Cost For Company Sponsored Pension And Postretirement Benefit Plans (detail)
Company-sponsored Employee Benefit Plans - Projected Benefit Obligation, Accumulated Benefit Obligation, And Fair Value Of Plan Assets For Pension Plans With An Accumulated Benefit Obligation In Excess Of Plan Assets (detail)
Company-sponsored Employee Benefit Plans - Reconciliation Of The Changes In The Plans' Benefit Obligations And Fair Value Of Plan Assets (detail)
Company-sponsored Employee Benefit Plans - Weighted Average Actuarial Assumptions Used To Determine The Benefit Obligations (detail)
Company-sponsored Employee Benefit Plans - Weighted Average Actuarial Assumptions Used To Determine The Net Periodic Benefit Cost (detail)
Debt And Financing Arrangements
Debt And Financing Arrangements (tables)
Debt And Financing Arrangements - Additional Information (detail)
Debt And Financing Arrangements - Aggregate Minimum Lease Payments , Annual Principal Payments And Amounts Expected To Be Spent For Purchase Commitments (detail)
Debt And Financing Arrangements - Carrying Value Of Debt Obligations (detail)
Debt And Financing Arrangements - Recorded Value Of Property, Plant And Equipment Subject To Capital Leases (detail)
Debt And Financing Arrangements Debt And Financing Arrangements - Average Interest Rate (details)
Derivative Instruments And Risk Management
Derivative Instruments And Risk Management (tables)
Derivative Instruments And Risk Management - Additional Information (detail)
Derivative Instruments And Risk Management - Amount And Location In The Income Statement For Derivatives Designated As Fair Value Hedges (detail)
Derivative Instruments And Risk Management - Amount And Location In The Income Statement For Derivatives Designed As Cash Flow Hedges (detail)
Derivative Instruments And Risk Management - Amount Recorded In Income Statements For Foreign Currency Forward Contracts Not Designated As Hedges (detail)
Derivative Instruments And Risk Management - Balance Sheet Location Of Derivative Assets And Liabilities And Their Related Fair Values (detail)
Derivative Instruments And Risk Management - Fair Values Of Derivative Assets And Liabilities By Hedge Type (detail)
Derivative Instruments And Risk Management - Notional Amounts Of Outstanding Derivative Positions (detail)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Additional Information (detail)
Earnings Per Share - Computation Of Basic And Diluted Earnings Per Share (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Deferred Tax Liabilities And Assets (detail)
Income Taxes - Income Before Income Taxes (detail)
Income Taxes - Income Tax Expense Benefit (detail)
Income Taxes - Reconciliation Of Statutory Federal Income Tax Rate To Effective Income Tax Rate (detail)
Income Taxes - Summarized Activity Related To Unrecognized Tax Benefits (detail)
Income Taxes - U.s. State And Local Operating Loss And Credit Carryforwards (detail)
Legal Proceedings And Contingencies
Legal Proceedings And Contingencies Legal Proceedings And Contingencies (details)
Multiemployer Employee Benefit Plans
Multiemployer Employee Benefit Plans (tables)
Multiemployer Employee Benefit Plans - Multi-employer Health And Welfare Plans (detail)
Multiemployer Employee Benefit Plans - Ups's Participation In Multiemployer Plans (detail)
Property, Plant And Equipment
Property, Plant And Equipment (detail)
Property, Plant And Equipment (tables)
Quarterly Information (unaudited)
Quarterly Information (unaudited) (tables)
Quarterly Information (unaudited) - Additional Information (detail)
Quarterly Information (unaudited) - Quarterly Information (detail)
Restructuring Costs And Business Dispositions
Restructuring Costs And Business Dispositions - Additional Information (detail)
Segment And Geographic Information
Segment And Geographic Information (tables)
Segment And Geographic Information - Additional Information (detail)
Segment And Geographic Information - Geographic Information (detail)
Segment And Geographic Information - Revenue By Product Type (detail)
Segment And Geographic Information - Segment Information (detail)
Shareowners' Equity
Shareowners' Equity (tables)
Shareowners' Equity - Activity In Accumulated Other Comprehensive Income (loss) (detail)
Shareowners' Equity - Activity In Accumulated Other Comprehensive Income (loss) (parenthetical) (detail)
Shareowners' Equity - Activity In Deferred Compensation Program (detail)
Shareowners' Equity - Activity Related To Noncontrolling Interests (detail)
Shareowners' Equity - Additional Information (detail)
Shareowners' Equity - Roll-forward Of Common Stock, Additional Paid-in Capital, And Retained Earnings Accounts (detail)
Shareowners' Equity - Roll-forward Of Common Stock, Additional Paid-in Capital, And Retained Earnings Accounts (parenthetical) (detail)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Additional Information (detail)
Stock-based Compensation - Fair Value Of Employee Stock Options Granted As Determined By Black-scholes Valuation Model Assumptions (detail)
Stock-based Compensation - Options To Purchase Shares Of Class A Common Stock Issued And Outstanding (detail)
Stock-based Compensation - Restricted Stock Units Outstanding, Including Reinvested Dividends (detail)
Stock-based Compensation - Summarized Information About Stock Options Outstanding And Exercisable (detail)
Subsequent Events
Subsequent Events Subsequent Events (details)
Summary Of Accounting Policies
Summary Of Accounting Policies (policies)
Summary Of Accounting Policies - Additional Information (detail)
Ticker: UPS
CIK: 1090727
Form Type: 10-K Annual Report
Accession Number: 0001090727-13-000005
Submitted to the SEC: Thu Feb 28 2013 11:08:41 AM EST
Accepted by the SEC: Thu Feb 28 2013
Period: Monday, December 31, 2012
Industry: Trucking And Courier Services No Air

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