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United Parcel Service Inc (UPS) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

United Parcel Service Inc

CIK: 1090727 Ticker: UPS


For Immediate Release

Contacts:
Andy McGowan, Public Relations
 
404-828-4663
 
Joe Wilkins, Investor Relations
 
404-828-8209
                

UPS RELEASES 4Q RESULTS

Customers Recognize UPS for High Service Levels
Cyber Monday Deliveries up 12%
Fourth Quarter 2014 Adjusted EPS of $1.25
Global 4Q Shipments Rise 8.1%
Expects 2015 Pension and Currency Headwinds of $240M
UPS Projects 2015 Earnings Per Share Growth of 6-to-12%
Reaffirms Long-Term EPS Growth of 9-to-13%

ATLANTA, Feb. 3, 2015 - UPS® (NYSE:UPS) today announced fourth quarter 2014 adjusted diluted earnings per share of $1.25, flat to the prior-year period. On a GAAP basis, fourth quarter 2014 diluted earnings were $0.49 per share, compared to $1.25 in 2013.

On Jan. 23, the company announced its expected fourth quarter results, which were consistent with today’s final announcement. UPS reported that operating results in the U.S. Domestic segment were negatively impacted by higher than expected peak related expenses.

“UPS customers were delighted with the high quality service we delivered during the holiday season,” said David Abney, UPS chief executive officer. “However, the financial results were below our expectations.

“As we move into 2015, we will address this disparity with both cost and revenue actions,” continued Abney. “We will take actions necessary to improve profitability by increasing operational efficiency and adjusting price where appropriate. Our growth strategy is sound and we reaffirm our long-term target of 9%-to-13% earnings per share growth.”

UPS delivered 1.3 billion packages during the fourth quarter, an increase of 8.1% over the same period last year. For calendar year 2014, the company completed delivery of 4.6 billion packages, up 6.8% over 2013.




                        
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The following information was filed by United Parcel Service Inc (UPS) on Tuesday, February 3, 2015 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 - Age Of Gross Unrealized Losses And Fair Value By Investment Category (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)
Company-sponsored Employee Benefit Plans Company-sponsored Employee Benefit Plans - Effects Of One Basis Point Change On Projected Benefit Obligation (details)
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)
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)
Shareowners' Equity Shareowners' Equity - Reclassification From Aoci (details)
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 (details)
Summary Of Accounting Policies
Summary Of Accounting Policies (policies)
Summary Of Accounting Policies - Additional Information (detail)
Termination Of Tnt Transaction
Termination Of Tnt Transaction - Additional Information (detail)
Ticker: UPS
CIK: 1090727
Form Type: 10-K Annual Report
Accession Number: 0001090727-15-000008
Submitted to the SEC: Fri Feb 27 2015 4:52:14 PM EST
Accepted by the SEC: Fri Feb 27 2015
Period: Wednesday, December 31, 2014
Industry: Trucking And Courier Services No Air

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