UPS 2012 Annual Report Download - page 70

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58
UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
STATEMENTS OF CONSOLIDATED INCOME
(In millions, except per share amounts)
Years Ended December 31,
2012 2011 2010
Revenue $ 54,127 $ 53,105 $ 49,545
Operating Expenses:
Compensation and benefits 33,102 27,575 26,557
Repairs and maintenance 1,228 1,286 1,131
Depreciation and amortization 1,858 1,782 1,792
Purchased transportation 7,354 7,232 6,640
Fuel 4,090 4,046 2,972
Other occupancy 902 943 939
Other expenses 4,250 4,161 3,873
Total Operating Expenses 52,784 47,025 43,904
Operating Profit 1,343 6,080 5,641
Other Income and (Expense):
Investment income 24 44 3
Interest expense (393)(348)(354)
Total Other Income and (Expense) (369)(304)(351)
Income Before Income Taxes 974 5,776 5,290
Income Tax Expense 167 1,972 1,952
Net Income $ 807 $ 3,804 $ 3,338
Basic Earnings Per Share $ 0.84 $ 3.88 $ 3.36
Diluted Earnings Per Share $ 0.83 $ 3.84 $ 3.33
STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME
(In millions)
Years Ended December 31,
2012 2011 2010
Net income $ 807 $ 3,804 $ 3,338
Change in foreign currency translation adjustment, net of tax 294 (92)(105)
Change in unrealized gain (loss) on marketable securities, net of tax — (6) 39
Change in unrealized gain (loss) on cash flow hedges, net of tax (82) 35 (39)
Change in unrecognized pension and postretirement benefit costs, net of tax (463)(405)(813)
Comprehensive income $ 556 $ 3,336 $ 2,420
See notes to consolidated financial statements.