UPS 2004 Annual Report Download - page 45

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Consolidated financial statements 43
Consolidated balance sheets
As of December 31,
(In millions, except per share amounts) 2004 2003
ASSETS
Current Assets:
Cash & cash equivalents $ 739 $ 1,064
Marketable securities & short-term investments 4,458 2,888
Accounts receivable, net 5,156 4,004
Finance receivables, net 524 840
Income tax receivable 371 —
Deferred income taxes 392 316
Other current assets 965 847
Total Current Assets 12,605 9,959
Property, Plant & Equipment — at cost, net of accumulated depreciation & amortization
of $13,505 and $12,516 in 2004 and 2003 13,973 13,298
Prepaid Pension Costs 3,160 2,922
Goodwill and Intangible Assets, Net 1,924 1,883
Other Assets 1,364 1,672
$ 33,026 $29,734
LIABILITIES AND SHAREOWNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt and commercial paper $ 1,187 $ 674
Accounts payable 2,266 2,003
Accrued wages & withholdings 1,197 1,166
Dividends payable 315 282
Other current liabilities 1,518 1,499
Total Current Liabilities 6,483 5,624
Long-Term Debt 3,261 3,149
Accumulated Postretirement Benefit Obligation, Net 1,516 1,335
Deferred Taxes, Credits & Other Liabilities 5,382 4,774
Shareowners’ Equity:
Preferred stock, no par value, authorized 200 shares, none issued ——
Class A common stock, par value $.01 per share, authorized 4,600 shares,
issued 515 and 571 in 2004 and 2003 56
Class B common stock, par value $.01 per share, authorized 5,600 shares,
issued 614 and 560 in 2004 and 2003 65
Additional paid-in capital 417 662
Retained earnings 16,192 14,356
Accumulated other comprehensive loss (236) (177)
Deferred compensation obligations 169 136
16,553 14,988
Less: Treasury stock (3 and 2 shares in 2004 and 2003) (169) (136)
16,384 14,852
$ 33,026 $29,734
See notes to consolidated financial statements.