UPS 2005 Annual Report Download - page 2

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UPS is the world’s largest package delivery company and
a global leader in supply chain services, operating in over
200 countries and territories.
UPS provides time-defi nite delivery of a single letter,
small package, less-than-truckload (LTL) or truckload freight:
- via air or ground
- anywhere in the world
UPS supply chain services manage a customer’s behind-the-
scenes movement of goods anywhere around the world,
and — in some cases — even repair those products:
- shipping via air, sea, ground, and rail
- managing international trade
- overseeing customs brokerage
- fi lling orders
- handling returns
- fi nancing business growth
- Record revenue, operating profi t and earnings per share.
- Highest volume in UPS history… 3.75 billion packages.
- Free cash fl ow of $3.6 billion.*
- Signifi cant expansion of the UPS service portfolio —
time-defi nite delivery of air freight and less-than-truckload
freight transportation — through acquisitions.
- Strengthened international small package operations in
Europe and Asia through acquisitions and the buy out of
a joint venture.
* See page 10 for a reconciliation of free cash fl ow.
Copyright © 2006 United Parcel Service of America, Inc. All rights reserved.
(in millions, except for per-share amounts) 2005 2004 % Change
Revenue $ 42,581 $ 36,582 16.4
Operating expenses 36,438 31,593 15.3
Net income 3,870 3,333 16.1
Diluted earnings per share 3.47 2.93 18.4
Dividends declared per share 1.32 1.12 17.9
Assets 35,222 33,088 6.4
Long-term debt 3,159 3,261 (3.1)
Shareowners’ equity 16,884 16,378 3.1
Capital expenditures 2,187 2,127 2.8
Cash and investments 3,041 5,197 (41.5)
Selected Financial Highlights
UPS at a Glance 2005 Highlights