United Parcel Service, Inc. (UPS) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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United Parcel Service, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net Income → Net cash from operating activities: $1,498,000,000.00Net Income → Operating adjustments reconciliation: $41,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $905,000,000.00Other liabilities → Operating adjustments reconciliation: $284,000,000.00Pension and postretirement benefit expense → Operating adjustments reconciliation: $256,000,000.00Accrued wages and withholdings → Operating adjustments reconciliation: $211,000,000.00Self-insurance reserves → Operating adjustments reconciliation: $53,000,000.00Other assets → Operating adjustments reconciliation: $43,000,000.00Operating adjustments reconciliation → Pension and postretirement benefit contributions: $1,284,000,000.00Operating adjustments reconciliation → Accounts payable: $144,000,000.00Operating adjustments reconciliation → Accounts receivable: $131,000,000.00Operating adjustments reconciliation → Other (gains) losses: $105,000,000.00Operating adjustments reconciliation → Other operating activities: $57,000,000.00Operating adjustments reconciliation → Deferred tax (benefit) expense: $48,000,000.00Operating adjustments reconciliation → Stock compensation (benefit) expense: $24,000,000.00Remaining investing cash flows, net (calculated) → investing reconciliation: $1,042,000,000.00Sales and maturities of marketable securities → investing reconciliation: $10,000,000.00investing reconciliation → Net cash from investing activities: $187,000,000.00investing reconciliation → Capital expenditures: $843,000,000.00investing reconciliation → Other investing activities: $22,000,000.00Net cash used in financing activities → financing reconciliation: $2,236,000,000.00Issuances of common stock → financing reconciliation: $53,000,000.00financing reconciliation → Dividends: $1,348,000,000.00financing reconciliation → Purchases of common stock: $500,000,000.00financing reconciliation → Repayments of long-term borrowings: $436,000,000.00financing reconciliation → Other financing activities: $5,000,000.00Exchange-rate effect → Cash sources and uses: $5,000,000.00Other changes in cash (calculated) → Cash sources and uses: $82,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $6,319,000,000.00Net cash from operating activities → Cash sources and uses: $1,498,000,000.00Net cash from investing activities → Cash sources and uses: $187,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $5,855,000,000.00Cash sources and uses → Net cash used in financing activities: $2,236,000,000.00Net Income: $1,539,000,000.00Net Income+$1.54 BDepreciation and amortization: $905,000,000.00Depreciation & amortization+$905.00 MPension and postretirement benefit expense: $256,000,000.00Pension & postretirement expense+$256.00 MPension and postretirement benefit contributions: -$1,284,000,000.00Pension & retiree contributions−$1.28 BSelf-insurance reserves: $53,000,000.00Self-insurance reserves+$53.00 MDeferred tax (benefit) expense: -$48,000,000.00Deferred taxes & credits−$48.00 MStock compensation (benefit) expense: -$24,000,000.00Stock-based compensation−$24.00 MOther (gains) losses: -$105,000,000.00Other non-cash items−$105.00 MAccounts receivable: -$131,000,000.00Accounts receivable−$131.00 MOther assets: $43,000,000.00Other operating assets+$43.00 MAccounts payable: -$144,000,000.00Accounts payable−$144.00 MAccrued wages and withholdings: $211,000,000.00Accrued compensation+$211.00 MOther liabilities: $284,000,000.00Other operating liabilities+$284.00 MOther operating activities: -$57,000,000.00Other working capital, net−$57.00 MNet cash from operating activities: $1,498,000,000.00Operating cash+$1.50 BOperating adjustments reconciliation: $1,793,000,000.00Net change in short-term debt: $0.00Proceeds from long-term borrowings: $0.00Repayments of long-term borrowings: -$436,000,000.00Long-term debt repaid−$436.00 MPurchases of common stock: -$500,000,000.00Common stock repurchases−$500.00 MIssuances of common stock: $53,000,000.00Common stock issued+$53.00 MDividends: -$1,348,000,000.00Dividends paid−$1.35 BOther financing activities: -$5,000,000.00Other financing, net−$5.00 MNet cash used in financing activities: -$2,236,000,000.00. Cash required to fund net payments.Financing cash−$2.24 Bfinancing reconciliation: $2,289,000,000.00Capital expenditures: -$843,000,000.00PP&E purchases−$843.00 MPurchases of marketable securities: -$0.00Sales and maturities of marketable securities: $10,000,000.00Investment sales & maturities+$10.00 MAcquisitions, net of cash acquired: -$0.00Other investing activities: -$22,000,000.00Other investing, net−$22.00 MRemaining investing cash flows, net (calculated): $1,042,000,000.00Remaining investing (calculated)+$1.04 BNet cash from investing activities: $187,000,000.00Investing cash+$187.00 Minvesting reconciliation: $1,052,000,000.00Cash sources and uses: $8,091,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $6,319,000,000.00Beginning cash$6.32 BEnding cash: Cash, cash equivalents, and restricted cash: $5,855,000,000.00Ending cash$5.86 BExchange-rate effect: $5,000,000.00FX effect+$5.00 MOther changes in cash (calculated): $82,000,000.00Other changes in cash(calculated)+$82.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$655.00 MOperating cash − cash spent on PP&ECash flow / Net income0.97×Operating cash flow ÷ net incomeNet cash change−$464.00 MEnding cash − beginning cash
Chart details

United Parcel Service, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
6,319,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,498,000,000 US dollars. Net cash provided.
Net Income
1,539,000,000 US dollars
Depreciation and amortization
905,000,000 US dollars
Pension and postretirement benefit expense
256,000,000 US dollars
Pension and postretirement benefit contributions
negative 1,284,000,000 US dollars
Self-insurance reserves
53,000,000 US dollars
Deferred tax (benefit) expense
negative 48,000,000 US dollars
Stock compensation (benefit) expense
negative 24,000,000 US dollars
Other (gains) losses
negative 105,000,000 US dollars
Accounts receivable
negative 131,000,000 US dollars
Other assets
43,000,000 US dollars
Accounts payable
negative 144,000,000 US dollars
Accrued wages and withholdings
211,000,000 US dollars
Other liabilities
284,000,000 US dollars
Other operating activities
negative 57,000,000 US dollars
Investing activities
187,000,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the investing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Proceeds from disposal of businesses, property, plant and equipment), so Proceeds from disposal of businesses, property, plant and equipment cannot be separated for this quarter. It may combine inflows and outflows.
Capital expenditures
negative 843,000,000 US dollars
Purchases of marketable securities
0 US dollars
Sales and maturities of marketable securities
10,000,000 US dollars
Acquisitions, net of cash acquired
0 US dollars
Other investing activities
negative 22,000,000 US dollars
Remaining investing cash flows, net (calculated)
1,042,000,000 US dollars
Financing activities
negative 2,236,000,000 US dollars. Net cash used.
Net change in short-term debt
0 US dollars
Proceeds from long-term borrowings
0 US dollars
Repayments of long-term borrowings
negative 436,000,000 US dollars
Purchases of common stock
negative 500,000,000 US dollars
Issuances of common stock
53,000,000 US dollars
Dividends
negative 1,348,000,000 US dollars
Other financing activities
negative 5,000,000 US dollars
Operating adjustment reconciliation
1,793,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
2,289,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing displayed reconciliation
1,052,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
Exchange-rate effect
5,000,000 US dollars
Other changes in cash (calculated)
82,000,000 US dollars. Into cash; drawn as the small gray flow above beginning cash.
Ending cash on Sep 30, 2024
5,855,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
8,091,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 464,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.97×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,498,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
843,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
655,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $1.50B of net income directly to operating cash and $41.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,498,000,000 US dollars minus 843,000,000 US dollars equals 655,000,000 US dollars.
United Parcel Service, Inc. (UPS) FY2024 Q3 Statement of Cash Flows Sankey chart
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