UPS 2005 Annual Report Download - page 62

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UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except per share amounts)
December 31,
2005 2004
ASSETS
Current Assets:
Cash & cash equivalents .................................................. $ 1,369 $ 739
Marketable securities & short-term investments ............................... 1,672 4,458
Accounts receivable, net .................................................. 5,950 5,156
Finance receivables, net .................................................. 411 524
Income tax receivable .................................................... — 371
Deferred income taxes .................................................... 475 392
Other current assets ...................................................... 1,126 965
Total Current Assets ................................................. 11,003 12,605
Property, Plant & Equipment—at cost, net of accumulated depreciation & amortization of
$14,268 and $13,505 in 2005 and 2004 ........................................ 15,289 13,973
PrepaidPensionCosts ........................................................ 3,932 3,222
Goodwill .................................................................. 2,549 1,255
Intangible Assets, Net ........................................................ 684 669
Other Assets ............................................................... 1,765 1,364
$35,222 $33,088
LIABILITIES AND SHAREOWNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt and commercial paper ...................... $ 821 $ 1,187
Accounts payable ....................................................... 2,352 2,312
Accrued wages & withholdings ............................................ 1,324 1,197
Dividendspayable ....................................................... 364 315
Incometaxespayable .................................................... 180 79
Other current liabilities ................................................... 1,752 1,439
Total Current Liabilities .............................................. 6,793 6,529
Long-Term Debt ............................................................ 3,159 3,261
Accumulated Postretirement Benefit Obligation, Net ............................... 1,704 1,470
Deferred Taxes, Credits & Other Liabilities ....................................... 6,682 5,450
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 454
and 515 in 2005 and 2004 ............................................... 5 5
Class B common stock, par value $.01 per share, authorized 5,600 shares, issued 646
and 614 in 2005 and 2004 ............................................... 6 6
Additional paid-in capital ................................................. — 417
Retained earnings ....................................................... 17,037 16,192
Accumulated other comprehensive loss ...................................... (164) (242)
Deferred compensation obligations .......................................... 161 169
17,045 16,547
Less: Treasury stock (3 shares in 2005 and 2004) .............................. (161) (169)
16,884 16,378
$35,222 $33,088
See notes to consolidated financial statements.
F-6