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United Parcel Service Inc (UPS) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

United Parcel Service Inc

HISTORY TOOLS
CIK: 1090727 Ticker: UPS


Exhibit 99.1
For Immediate Release

Contacts:
Steve Gaut, Public Relations
 
404-828-8787
 
Scott Childress, Investor Relations
 
404-828-7957
UPS ACHIEVES EPS TARGET
ON STRONG REVENUE YIELDS

•
4Q18 EPS of $0.52; Adjusted 4Q EPS up nearly 17% to $1.94
•
Pricing and Mix Strategies Lift 4Q Revenue Quality
•
U.S. Domestic Revenue up 6.3% on 4Q Yield Growth
•
International 4Q Achieves Record Profits; Margin Rises above 20%
•
Supply Chain & Freight Revenue Rises, driven by Forwarding and Logistics
•
2018 Full-year Cash from Operations was $12.7B
•
Free Cash Flow in 2018 topped $6B, Exceeding Expectations
•
2019 Total Adjusted Operating Profit Growth* in the Low-teens with all Segments up Double-digits
•
Announces Full-Year 2019 Adjusted EPS Guidance* Range of $7.45 to $7.75

ATLANTA - January 31, 2019
 - UPS (NYSE:UPS) today announced fourth-quarter 2018 earnings highlighted by high-quality revenue initiatives that are producing positive, sustainable benefits.

“We achieved our 2018 adjusted earnings-per-share goal by successfully executing Transformation investments and initiatives that lifted revenue quality and improved efficiency,” said David Abney, UPS chairman and CEO. “Our diverse portfolio, global footprint and flexible network position UPS for profitable growth in 2019 and beyond.”

Consolidated
Results
4Q 2018
Adjusted
4Q 2018
4Q 2017
Adjusted
4Q 2017
Revenue
$19,848 M
 
$18,975 M
 
Net Income
$453 M
$1,690 M
$1,096 M
$1,445 M
Diluted Earnings Per Share
$0.52
$1.94
$1.26
$1.66

Fourth-quarter 2018 GAAP results include a mark-to-market (MTM) non-cash, after-tax pension charge of $1.237 billion, which represents an after-tax charge of $1.42 per diluted share. In the prior-year period, the company’s GAAP results included $0.40 per diluted share related to mark-to-market pension charges and benefits from the Tax Cuts and Jobs Act.

For the total company in 4Q 2018:

•
Revenue increased 4.6%; currency-neutral revenue was up 5.2%.
•
Average revenue yield expanded 4.1%, with gains in all products.
•
Achieved record shipments and exceptional on-time service during the peak holiday season.

* Information on non-GAAP financial measures is attached to this press release. The Company provides guidance on an adjusted (non-GAAP) basis because it is not possible to provide the most comparable GAAP measure. See "Outlook." 
- more -


The following information was filed by United Parcel Service Inc (UPS) on Thursday, January 31, 2019 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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United Parcel Service Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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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
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 - Cash Details (Details)
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 - 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)
Property, Plant And Equipment - Narratives (Details)
Quarterly Information (Unaudited)
Quarterly Information (Unaudited) (Tables)
Quarterly Information (Unaudited) - Additional Information (Detail)
Quarterly Information (Unaudited) - Quarterly Information (Detail)
Revenue Recognition
Revenue Recognition (Details)
Revenue Recognition - Narratives (Details)
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 (Tables)
Summary Of Accounting Policies - Additional Information (Detail)
Summary Of Accounting Policies - Balance Sheet Impact (Details)
Summary Of Accounting Policies - Cash Flows Impact (Details)
Summary Of Accounting Policies - Income Statement Impact (Details)
Transformation Strategy (Details)
Transformation Strategy (Notes)
Ticker: UPS
CIK: 1090727
Form Type: 10-K Annual Report
Accession Number: 0001090727-19-000006
Submitted to the SEC: Thu Feb 21 2019 12:02:11 PM EST
Accepted by the SEC: Thu Feb 21 2019
Period: Monday, December 31, 2018
Industry: Trucking And Courier Services No Air

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