UPS 2005 Annual Report Download - page 31

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Item 6. Selected Financial Data
The following table sets forth selected financial data for each of the five years in the period ended
December 31, 2005 (amounts in millions, except per share amounts). This financial data should be read together
with our consolidated financial statements and related notes, Management’s Discussion and Analysis of Financial
Condition and Results of Operations, and other financial data appearing elsewhere in this report.
Years Ended December 31,
2005 2004 2003 2002 2001
Selected Income Statement Data
Revenue:
U.S. Domestic Package ......................... $28,610 $26,960 $25,362 $24,280 $24,391
International Package ........................... 7,977 6,809 5,609 4,720 4,280
Supply Chain and Freight ........................ 5,994 2,813 2,514 2,272 1,650
Totalrevenue ................................. 42,581 36,582 33,485 31,272 30,321
Operating expenses:
Compensation and benefits ...................... 22,517 20,823 19,251 17,849 17,311
Other........................................ 13,921 10,770 9,789 9,327 9,048
Total operating expenses ........................ 36,438 31,593 29,040 27,176 26,359
Operating profit (loss):
U.S. Domestic Package ......................... 4,493 3,702 3,657 3,925 3,969
International Package ........................... 1,494 1,149 732 338 139
Supply Chain and Freight ........................ 156 138 56 (167) (146)
Total operating profit ........................... 6,143 4,989 4,445 4,096 3,962
Other income (expense):
Investment income ............................. 104 82 18 63 159
Interest expense ............................... (172) (149) (121) (173) (184)
Gain on redemption of long-term debt .............. — — 28 — —
Reversal of tax assessment ....................... — — — 1,023 —
Incomebeforeincometaxes.......................... 6,075 4,922 4,370 5,009 3,937
Incometaxes...................................... (2,205) (1,589) (1,472) (1,755) (1,512)
Cumulative effect of changes in accounting principles ..... — — — (72) (26)
Netincome ....................................... $ 3,870 $ 3,333 $ 2,898 $ 3,182 $ 2,399
Per share amounts:
Basic earnings per share ......................... $ 3.48 $ 2.95 $ 2.57 $ 2.84 $ 2.13
Diluted earnings per share ....................... $ 3.47 $ 2.93 $ 2.55 $ 2.81 $ 2.10
Dividends declared per share ..................... $ 1.32 $ 1.12 $ 0.92 $ 0.76 $ 0.76
Weighted average shares outstanding:
Basic ........................................ 1,113 1,129 1,128 1,120 1,126
Diluted ...................................... 1,116 1,137 1,138 1,134 1,144
As of December 31,
2005 2004 2003 2002 2001
Selected Balance Sheet Data
Cash and marketable securities ....................... $ 3,041 $ 5,197 $ 3,952 $ 3,014 $ 1,616
Total assets ....................................... 35,222 33,088 29,734 26,868 24,636
Long-term debt .................................... 3,159 3,261 3,149 3,495 4,648
Shareowners’ equity ................................ 16,884 16,378 14,852 12,455 10,248
16