UNITED PARCEL SERVICE INC
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 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
(In millions, unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows From Operating Activities: | ||
| Net income | $3,781 | $4,061 |
| Adjustments to reconcile net income to net cash from operating activities: | ||
| Depreciation and amortization | 2,774 | 2,690 |
| Pension and postretirement benefit expense | 763 | 774 |
| Pension and postretirement benefit contributions | (1,338) | (1,434) |
| Self-insurance reserves | 76 | 14 |
| Deferred tax (benefit) expense | (34) | 24 |
| Stock compensation expense (benefit) | 41 | (21) |
| Other (gains) losses | (155) | 61 |
| Changes in assets and liabilities, net of effects of acquisitions: | ||
| Accounts receivable | 854 | 1,395 |
| Other assets | (80) | 116 |
| Accounts payable | (801) | (829) |
| Accrued wages and withholdings | (202) | 348 |
| Other liabilities | (528) | (335) |
| Other operating activities | (3) | (57) |
| Net cash from operating activities | 5,148 | 6,807 |
| Cash Flows From Investing Activities: | ||
| Capital expenditures | (2,969) | (2,811) |
| Proceeds from disposal of businesses, property, plant and equipment | 585 | 1,070 |
| Purchases of marketable securities | (90) | (52) |
| Sales and maturities of marketable securities | 229 | 2,725 |
| Acquisitions, net of cash acquired | (479) | (66) |
| Other investing activities | (10) | (26) |
| Net cash (used in) from investing activities | (2,734) | 840 |
| Cash Flows From Financing Activities: | ||
| Net change in short-term debt | — | (1,272) |
| Proceeds from long-term borrowings | 4,153 | 2,785 |
| Repayments of long-term borrowings | (1,145) | (1,944) |
| Purchases of common stock | (1,000) | (500) |
| Issuances of common stock | 133 | 184 |
| Dividends | (4,045) | (4,049) |
| Other financing activities | (43) | (207) |
| Net cash used in financing activities | (1,947) | (5,003) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | 185 | 5 |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | 652 | 2,649 |
| Cash, Cash Equivalents and Restricted Cash: | ||
| Beginning of period | 6,112 | 3,206 |
| End of period | $6,764 | $5,855 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.