UNITED PARCEL SERVICE INC
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
UPS$111.05+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Consolidated Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash Flows From Operating Activities: | |||
| Net income | $5,782 | $6,708 | $11,548 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Depreciation and amortization | 3,609 | 3,366 | 3,188 |
| Pension and postretirement benefit (income) expense | 1,698 | 1,330 | (129) |
| Pension and postretirement benefit contributions | (1,524) | (1,393) | (2,342) |
| Self-insurance reserves | 44 | 57 | (20) |
| Deferred tax (benefit) expense | (15) | 199 | 531 |
| Stock compensation expense | 24 | 220 | 1,568 |
| Other (gains) losses | 262 | 265 | 123 |
| Changes in assets and liabilities, net of effects of business acquisitions and dispositions: | |||
| Accounts receivable | (566) | 1,256 | (322) |
| Other assets | 70 | 87 | 117 |
| Accounts payable | 262 | (1,377) | 34 |
| Accrued wages and withholdings | 501 | (296) | (189) |
| Other liabilities | (11) | (42) | (9) |
| Other operating activities | (14) | (142) | 6 |
| Net cash from operating activities | 10,122 | 10,238 | 14,104 |
| Cash Flows From Investing Activities: | |||
| Capital expenditures | (3,909) | (5,158) | (4,769) |
| Proceeds from disposal of businesses, property, plant and equipment | 1,115 | 193 | 12 |
| Purchases of marketable securities | (76) | (3,521) | (1,906) |
| Sales and maturities of marketable securities | 2,748 | 2,701 | 255 |
| Acquisitions, net of cash acquired | (71) | (1,329) | (755) |
| Other investing activities | (24) | (19) | (309) |
| Net cash used in investing activities | (217) | (7,133) | (7,472) |
| Cash Flows From Financing Activities: | |||
| Net change in short-term debt | (1,272) | 1,272 | — |
| Proceeds from long-term borrowings | 2,785 | 3,429 | — |
| Repayments of long-term borrowings | (2,487) | (2,429) | (2,304) |
| Purchases of common stock | (500) | (2,250) | (3,500) |
| Issuances of common stock | 232 | 248 | 262 |
| Dividends | (5,399) | (5,372) | (5,114) |
| Other financing activities | (209) | (432) | (529) |
| Net cash used in financing activities | (6,850) | (5,534) | (11,185) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | (149) | 33 | (100) |
| Net Increase (Decrease) In Cash, Cash Equivalents and Restricted Cash | 2,906 | (2,396) | (4,653) |
| Cash, Cash Equivalents and Restricted Cash: | |||
| Beginning of period | 3,206 | 5,602 | 10,255 |
| End of period | $6,112 | $3,206 | $5,602 |
| Cash Paid During the Period For: | |||
| Interest (net of amount capitalized) | $854 | $762 | $721 |
| Income taxes (net of refunds) | $1,347 | $1,976 | $2,574 |
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