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United Parcel Service Inc (UPS) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

United Parcel Service Inc

HISTORY TOOLS
CIK: 1090727 Ticker: UPS


Contacts:
                         Steve Gaut, Public Relations
 
                         404-828-8787
 
                         Scott Childress, Investor Relations
 
                         404-828-7957


UPS REVENUE ACCELERATES IN 4Q AND PRODUCES RECORD $61 BILLION FOR 2016

•
US Domestic 4Q Revenue Climbs 6.3%, Driven by Ecommerce
•
International Export Shipments Soar 8.4%, Led by Asia and Europe Regions
•
4Q EPS of -$0.27, due to Mark-to-Market Pension Charge
•
Adjusted 4Q EPS of $1.63, Driven by International Segment
•
2016 EPS of $3.87; Adjusted 2016 EPS of $5.75
•
Company Produces $6.5 Billion in Cash from Operations in 2016
•
Announces Full-Year 2017 Adjusted EPS Guidance


ATLANTA, Jan. 31, 2017 - UPS (NYSE:UPS) today announced fourth-quarter 2016 operating results. “Revenue and volume growth accelerated for UPS during the holiday season and we provided high service levels for our customers,” said David Abney, UPS chairman and CEO. “The International segment delivered another extraordinary performance, while the U.S. managed through considerable changes in product mix. Our strategies and initiatives are creating long-term value for both UPS customers and shareowners.”
Consolidated Results
4Q 2016
Adjusted
4Q 2016
4Q 2015
Adjusted
4Q 2015
Revenue
$16,931 M
 
$16,054 M
 
Operating profit (loss)
$(428) M
$2,223 M
$2,051 M
$2,169 M
Diluted earnings (loss) per share
$(0.27)
$1.63
$1.48
$1.57

Full-year and fourth-quarter 2016 results include a non-cash, after-tax, mark-to-market pension charge of $1.90 per diluted share. In the prior-year period, the company reported non-cash, after-tax charges of $0.09 per diluted share related to pension mark-to-market charges.
  

•
4Q 2016 diluted EPS of -$0.27; adjusted diluted EPS of $1.63.
•
Adjusted diluted EPS excludes the impact of non-cash, mark-to-market pension charge.
•
During the quarter, the company delivered 1.4 billion packages, up 7.1% over last year.

U.S. Domestic Segment
4Q 2016
Adjusted
4Q 2016
4Q 2015
Adjusted
4Q 2015
Revenue
$10,913 M
 
$10,265 M
 
Operating profit (loss)
$(570) M
$1,338 M
$1,284 M
$1,346 M


•
Revenue increased $648 million to $10.9 billion, a 6.3% increase over 4Q15.
•
Average daily shipments increased 5.0% to 19.6 million.
•
4Q 2016 operating loss of $570 million; adjusted operating profit was $1.3 billion.
•
Adjusted operating profit excludes the mark-to-market pension charge.


The following information was filed by United Parcel Service Inc (UPS) on Tuesday, January 31, 2017 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
Business Acquisitions (details)
Business Acquisitions (tables)
Business Acquisitions - Fair Value Of Assets And Liabilities Acquired (details)
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)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (tables)
Goodwill And Intangible Assets - Additional Information (detail)
Goodwill And Intangible Assets - Allocation Of Goodwill By Reportable Segment (detail)
Goodwill And Intangible Assets - Summary Of Intangible Assets (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) (phantom) (detail)
Shareowners' Equity - Activity In Deferred Compensation Program (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 (phantom) (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)
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: 0001090727-17-000011
Submitted to the SEC: Tue Feb 21 2017 6:47:45 AM EST
Accepted by the SEC: Tue Feb 21 2017
Period: Saturday, December 31, 2016
Industry: Trucking And Courier Services No Air

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