UPS 2007 Annual Report Download - page 34

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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, 2007 (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,
2007 2006 2005 2004 2003
Selected Income Statement Data
Revenue:
U.S. Domestic Package ......................... $30,985 $30,456 $28,610 $26,960 $25,362
International Package ........................... 10,281 9,089 7,977 6,809 5,609
Supply Chain & Freight ......................... 8,426 8,002 5,994 2,813 2,514
Total revenue ................................. 49,692 47,547 42,581 36,582 33,485
Operating expenses:
Compensation and benefits ...................... 31,745 24,421 22,517 20,823 19,251
Other ........................................ 17,369 16,491 13,921 10,770 9,789
Total operating expenses ........................ 49,114 40,912 36,438 31,593 29,040
Operating profit (loss):
U.S. Domestic Package ......................... (1,531) 4,923 4,493 3,702 3,657
International Package ........................... 1,831 1,710 1,494 1,149 732
Supply Chain and Freight ........................ 278 2 156 138 56
Total operating profit ........................... 578 6,635 6,143 4,989 4,445
Other income (expense):
Investment income ............................. 99 86 104 82 18
Interest expense ............................... (246) (211) (172) (149) (121)
Gain on redemption of long-term debt .............. ———— 28
Income before income taxes .......................... 431 6,510 6,075 4,922 4,370
Income tax expense ................................ (49) (2,308) (2,205) (1,589) (1,472)
Net income ....................................... $ 382 $ 4,202 $ 3,870 $ 3,333 $ 2,898
Per share amounts:
Basic earnings per share ......................... $ 0.36 $ 3.87 $ 3.48 $ 2.95 $ 2.57
Diluted earnings per share ....................... $ 0.36 $ 3.86 $ 3.47 $ 2.93 $ 2.55
Dividends declared per share ..................... $ 1.68 $ 1.52 $ 1.32 $ 1.12 $ 0.92
Weighted average shares outstanding:
Basic ........................................ 1,057 1,085 1,113 1,129 1,128
Diluted ...................................... 1,063 1,089 1,116 1,137 1,138
As of December 31,
2007 2006 2005 2004 2003
Selected Balance Sheet Data
Cash and marketable securities ....................... $ 2,604 $ 1,983 $ 3,041 $ 5,197 $ 3,952
Total assets ....................................... 39,042 33,210 34,947 32,847 29,734
Long-term debt .................................... 7,506 3,133 3,159 3,261 3,149
Shareowners’ equity ................................ 12,183 15,482 16,884 16,378 14,852
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