UNITED PARCEL SERVICE INC
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 18, 2025
UPS$110.96+2.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $6,112 | $3,206 |
| Marketable securities | 206 | 2,866 |
| Accounts receivable | 11,007 | 11,342 |
| Less: Allowance for credit losses | (136) | (126) |
| Accounts receivable, net | 10,871 | 11,216 |
| Other current assets | 2,121 | 2,125 |
| Total Current Assets | 19,310 | 19,413 |
| Property, Plant and Equipment, Net | 37,179 | 36,945 |
| Operating Lease Right-Of-Use Assets | 4,149 | 4,308 |
| Goodwill | 4,300 | 4,872 |
| Intangible Assets, Net | 3,064 | 3,305 |
| Deferred Income Tax Assets | 112 | 126 |
| Other Non-Current Assets | 1,956 | 1,888 |
| Total Assets | $70,070 | $70,857 |
| LIABILITIES AND SHAREOWNERS’ EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt, commercial paper and finance leases | $1,838 | $3,348 |
| Current maturities of operating leases | 733 | 709 |
| Accounts payable | 6,302 | 6,340 |
| Accrued wages and withholdings | 3,655 | 3,224 |
| Self-insurance reserves | 1,086 | 1,320 |
| Accrued group welfare and retirement plan contributions | 1,390 | 1,479 |
| Other current liabilities | 1,437 | 1,256 |
| Total Current Liabilities | 16,441 | 17,676 |
| Long-Term Debt and Finance Leases | 19,446 | 18,916 |
| Non-Current Operating Leases | 3,635 | 3,756 |
| Pension and Postretirement Benefit Obligations | 6,859 | 6,159 |
| Deferred Income Tax Liabilities | 3,595 | 3,772 |
| Other Non-Current Liabilities | 3,351 | 3,264 |
| Shareowners’ Equity: | ||
| Class A common stock (121 and 127 shares issued in 2024 and 2023, respectively) | 2 | 2 |
| Class B common stock (733 and 726 shares issued in 2024 and 2023, respectively) | 7 | 7 |
| Additional paid-in capital | 136 | — |
| Retained earnings | 20,882 | 21,055 |
| Accumulated other comprehensive loss | (4,309) | (3,758) |
| Deferred compensation obligations | 7 | 9 |
| Less: Treasury stock (0.1 and 0.2 in 2024 and 2023, respectively) | (7) | (9) |
| Total Equity for Controlling Interests | 16,718 | 17,306 |
| Noncontrolling Interests | 25 | 8 |
| Total Shareowners’ Equity | 16,743 | 17,314 |
| Total Liabilities and Shareowners’ Equity | $70,070 | $70,857 |
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