United Parcel Service (UPS) FY2012 results: revenue $54.1 billion, up 1.9% on the year
United Parcel Service Inc. (UPS) reported revenue of $54.1 billion for fiscal 2012, the year ended 31 December 2012, up 1.9% on the year before. Net income was $807 million, down 78.8%, and diluted earnings per share $0.83. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$54.1 billion
+1.9% on the year
FY2007FY2012
Operating margin
2.5%
11.4% a year earlier
FY2007FY2012
Net income
$807 million
-78.8% on the year
FY2007FY2012
Diluted EPS
$0.83
-78.4% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
54,127
53,105
49,545
+1.9%
Operating income
1,343
6,080
5,641
-77.9%
Operating margin
2.5%
11.4%
11.4%
Interest expense
393
348
354
+12.9%
Pre-tax income
974
5,776
5,290
-83.1%
Income tax
167
1,972
1,952
-91.5%
Effective tax rate
17.1%
34.1%
36.9%
Net income
807
3,804
3,338
-78.8%
Net margin
1.5%
7.2%
6.7%
Diluted EPS
$0.83
$3.84
$3.33
-78.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
7,216
7,073
3,835
+2.0%
Capital expenditure
2,153
2,005
1,389
+7.4%
Free cash flow
5,063
5,068
2,446
-0.1%
Free cash flow margin
9.4%
9.5%
4.9%
Cash from investing
-1,335
-2,537
-654
Cash from financing
-1,817
-4,862
-1,346
Depreciation and amortisation
1,858
1,782
1,792
+4.3%
Share-based compensation
547
524
519
+4.4%
Buybacks
1,621
2,665
817
-39.2%
Dividends paid
2,130
1,997
1,818
+6.7%
Diluted shares, weighted
969m
991m
1,003m
-2.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,653
7,035
7,979
-33.9%
Non-controlling interest
80.0
73.0
68.0
+9.6%
Debt
12,870
11,128
10,846
+15.7%
Other liabilities
21,260
16,465
14,704
+29.1%
Total liabilities and equity
38,863
34,701
33,597
+12.0%
Fixed assets
17,894
17,621
17,387
+1.5%
Goodwill
2,173
2,101
2,081
+3.4%
Intangible assets
603
585
599
+3.1%
Investments
597
1,241
711
-51.9%
Cash and equivalents
7,327
3,034
3,034
+141.5%
Receivables
6,111
6,246
5,627
-2.2%
Inventory
393
345
319
+13.9%
Other assets
3,765
3,528
3,839
+6.7%
Total assets
38,863
34,701
33,597
+12.0%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.