United Parcel Service (UPS) FY2015 results: revenue $58.4 billion, up 0.2% on the year
United Parcel Service Inc. (UPS) reported revenue of $58.4 billion for fiscal 2015, the year ended 31 December 2015, up 0.2% on the year before. Net income was $4.8 billion, up 59.8%, and diluted earnings per share $5.35. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$58.4 billion
+0.2% on the year
FY2008FY2015
Operating margin
13.1%
8.5% a year earlier
FY2008FY2015
Net income
$4.8 billion
+59.8% on the year
FY2008FY2015
Diluted EPS
$5.35
+63.1% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
58,363
58,232
55,438
+0.2%
Operating income
7,668
4,968
7,034
+54.3%
Operating margin
13.1%
8.5%
12.7%
Interest expense
341
353
380
-3.4%
Pre-tax income
7,342
4,637
6,674
+58.3%
Income tax
2,498
1,605
2,302
+55.6%
Effective tax rate
34.0%
34.6%
34.5%
Net income
4,844
3,032
4,372
+59.8%
Net margin
8.3%
5.2%
7.9%
Diluted EPS
$5.35
$3.28
$4.61
+63.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
7,430
5,726
7,304
+29.8%
Capital expenditure
2,379
2,328
2,065
+2.2%
Free cash flow
5,051
3,398
5,239
+48.6%
Free cash flow margin
8.7%
5.8%
9.5%
Cash from investing
-5,309
-2,801
-2,114
Cash from financing
-1,565
-5,161
-7,807
Depreciation and amortisation
2,084
1,923
1,867
+8.4%
Share-based compensation
574
536
513
+7.1%
Buybacks
2,702
2,695
3,838
+0.3%
Dividends paid
2,525
2,366
2,260
+6.7%
Diluted shares, weighted
906m
924m
948m
-1.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,470
2,141
6,474
+15.4%
Non-controlling interest
21.0
17.0
14.0
+23.5%
Debt
14,334
10,779
10,279
+33.0%
Other liabilities
21,486
22,534
18,786
-4.7%
Total liabilities and equity
38,311
35,471
35,553
+8.0%
Fixed assets
18,352
18,281
17,961
+0.4%
Goodwill
3,419
2,184
2,190
+56.5%
Intangible assets
1,549
847
775
+82.9%
Investments
1,996
992
580
+101.2%
Trading assets
1,429
430
0.0
+232.3%
Cash and equivalents
2,730
2,291
4,665
+19.2%
Receivables
7,134
6,661
6,502
+7.1%
Inventory
308
344
403
-10.5%
Other assets
1,394
3,441
2,477
-59.5%
Total assets
38,311
35,471
35,553
+8.0%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.