United Parcel Service (UPS) FY2022 results: revenue $100.3 billion, up 3.1% on the year
United Parcel Service Inc. (UPS) reported revenue of $100.3 billion for fiscal 2022, the year ended 31 December 2022, up 3.1% on the year before. Net income was $11.5 billion, down 10.4%, and diluted earnings per share $13.20. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$100.3 billion
+3.1% on the year
FY2015FY2022
Operating margin
13.0%
13.2% a year earlier
FY2015FY2022
Net income
$11.5 billion
-10.4% on the year
FY2015FY2022
Diluted EPS
$13.20
-10.1% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
14,104
15,007
10,459
-6.0%
Capital expenditure
4,769
4,194
5,412
+13.7%
Free cash flow
9,335
10,813
5,047
-13.7%
Free cash flow margin
9.3%
11.1%
6.0%
Cash from investing
-7,472
-3,818
-5,283
Cash from financing
-11,185
-6,823
-4,517
Depreciation and amortisation
3,188
2,953
2,698
+8.0%
Share-based compensation
1,568
878
796
+78.6%
Buybacks
3,500
500
224
+600.0%
Dividends paid
5,114
3,437
3,374
+48.8%
Dividend per share
$6.08
$4.08
n/a
+49.0%
Diluted shares, weighted
875m
878m
871m
-0.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
19,786
14,253
657
+38.8%
Non-controlling interest
17.0
16.0
12.0
+6.2%
Debt
19,662
21,677
24,472
-9.3%
Operating lease liabilities
3,238
3,033
2,540
+6.8%
Finance lease liabilities
298
279
286
+6.8%
Other liabilities
28,123
30,147
34,441
-6.7%
Total liabilities and equity
71,124
69,405
62,408
+2.5%
Fixed assets
34,719
33,475
32,254
+3.7%
Goodwill
4,223
3,692
3,367
+14.4%
Intangible assets
2,796
2,486
2,274
+12.5%
Investments
1,993
338
406
+489.6%
Trading assets
1,993
2.0
2.0
+99,550.0%
Cash and equivalents
5,602
10,255
5,910
-45.4%
Receivables
12,583
12,541
10,750
+0.3%
Inventory
889
717
620
+24.0%
Other assets
6,326
5,899
6,825
+7.2%
Total assets
71,124
69,405
62,408
+2.5%
10-K for the year ended 31 December 2022, filed 21 February 2023: the filing.