UPS 2006 Annual Report Download - page 66

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UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions)
December 31,
2006 2005
ASSETS
Current Assets:
Cash and cash equivalents ................................................. $ 794 $ 1,369
Marketable securities and short-term investments .............................. 1,189 1,672
Accounts receivable, net .................................................. 5,794 5,743
Finance receivables, net .................................................. 426 411
Deferred income tax assets ................................................ 414 475
Other current assets ...................................................... 760 1,058
Total Current Assets ................................................. 9,377 10,728
Property, Plant and Equipment, Net ............................................. 16,779 15,289
Pension and Postretirement Benefit Assets ........................................ 2,044 3,932
Goodwill .................................................................. 2,533 2,549
Intangible Assets, Net ........................................................ 688 684
Long-Term Finance Receivables, Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 374 471
Other Non-Current Assets ..................................................... 1,415 1,294
Total Assets ................................................................ $33,210 $34,947
LIABILITIES AND SHAREOWNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt and commercial paper ...................... $ 983 $ 821
Accounts payable ....................................................... 1,841 1,806
Accrued wages and withholdings ........................................... 1,303 1,283
Dividends payable ....................................................... 400 364
Self-insurance reserves ................................................... 682 752
Income taxes payable .................................................... 101 180
Other current liabilities ................................................... 1,409 1,312
Total Current Liabilities .............................................. 6,719 6,518
Long-Term Debt ............................................................ 3,133 3,159
Pension and Postretirement Benefit Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,748 2,454
Deferred Income Tax Liabilities ................................................ 2,529 3,425
Self-Insurance Reserves ...................................................... 1,604 1,354
Other Non-Current Liabilities .................................................. 995 1,153
Shareowners’ Equity:
Class A common stock (401 and 454 shares issued in 2006 and 2005) .............. 4 5
Class B common stock (672 and 646 shares issued in 2006 and 2005) .............. 7 6
Additional paid-in capital ................................................. — —
Retained earnings ....................................................... 17,676 17,037
Accumulated other comprehensive loss ...................................... (2,205) (164)
Deferred compensation obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 147 161
15,629 17,045
Less: Treasury stock (3 shares in 2006 and 2005) .............................. (147) (161)
Total Shareowners’ Equity .................................................... 15,482 16,884
Total Liabilities and Shareowners’ Equity ........................................ $33,210 $34,947
See notes to consolidated financial statements.
F-6