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United Parcel Service Inc (UPS) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

United Parcel Service Inc

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CIK: 1090727 Ticker: UPS


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

UPS GROWTH ACCELERATES IN 2017
Announces Positive 2018 Outlook

•
Revenue Growth Tops 11% for 4Q17 and 8% for Full-Year 2017
•
4Q17 EPS of $1.27; Adjusted 4Q EPS of $1.67
•
International Export Shipments Rose 16% in 4Q17, Full-Year up 15%
•
Supply Chain & Freight Profit Jumps with Strong Revenue Growth of 21%
•
U.S. Domestic Revenue up 8.4% on Higher Package Demand and Yields
•
2017 EPS of $5.61; Adjusted 2017 EPS of $6.01
•
UPS Increases Investments for Growth in 2018
•
Announces Full-Year 2018 Adjusted EPS Guidance Range of $7.03 to $7.37


ATLANTA - February 1, 2018
 - UPS (NYSE:UPS) today announced fourth quarter 2017 earnings. “We achieved our 2017 adjusted earnings-per-share target through exceptionally strong revenue and yield growth, coupled with benefits from our network investments and portfolio initiatives,” said David Abney, UPS chairman and CEO. “We made significant progress on key capacity investments in 2017. Our momentum, transformative actions and the economic catalyst from the Tax Cuts and Jobs Act (TCJA), position UPS for growth in 2018 and beyond. We expect to unlock significant resources, which will be available for accelerated investments in our network and create additional opportunities for our people.”
Consolidated Results
4Q 2017
Adjusted
4Q 2017
4Q 2016
Adjusted
4Q 2016
Revenue
$18,829 M
 
$16,931 M
 
Operating profit (loss)
$1,494 M
$2,294 M
$(428) M
$2,223 M
Diluted earnings (loss) per share
$1.27
$1.67
$(0.27)
$1.63

Fourth-quarter 2017 GAAP results include a benefit of $0.30 per share attributable to the TCJA. In addition, results include a mark-to-market (MTM) non-cash, pre-tax pension charge of $800 million which represents an after-tax charge of $0.70 per diluted share. In the prior-year period, the company reported non-cash, after-tax charges of $1.90 per diluted share related to mark-to-market pension charges.


For the total company in 4Q 2017:
•
Revenue increased 11.2%; currency-neutral revenue was up 10.9%.
•
4Q 2017 diluted EPS of $1.27; adjusted diluted EPS of $1.67.
•
During the quarter, the company delivered 1.5 billion packages, up 5.7% over last year.
•
Record deliveries for Peak Season of 762 million, materially above last year and over plan.


* Information on non-GAAP financial measures is attached to this press release. 

- more -

The following information was filed by United Parcel Service Inc (UPS) on Thursday, February 1, 2018 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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Inside United Parcel Service Inc's 10-K Annual Report:

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: 0001090727-18-000009
Submitted to the SEC: Wed Feb 21 2018 5:23:42 PM EST
Accepted by the SEC: Wed Feb 21 2018
Period: Sunday, December 31, 2017
Industry: Trucking And Courier Services No Air

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