Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Net Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Analysis of Debt
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United Parcel Service Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
The quarterly financial data reveals notable dynamics in the liabilities and equity of the company over the reported periods. The analysis focuses on current and non-current liabilities, as well as total shareowners' equity, to understand financial structuring and trends.
- Current Liabilities:
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Current maturities of long-term debt and related finance leases show a fluctuating pattern, with a significant decline from March 2020 (4,405 million USD) to September 2021 (1,268 million USD), followed by intermittent increases and decreases through March 2025 (1,858 million USD). Current maturities of operating leases maintain minor variability but generally trend upwards from 526 million USD in March 2020 to peaks around 700 million USD in later periods.
Accounts payable and accrued wages and withholdings fluctuate throughout the timeline, with accounts payable exhibiting peaks around December 2021 (7,523 million USD) before declining and then showing variability in later periods. Accrued wages and withholdings peak late 2022 (4,049 million USD) before slightly decreasing toward the end of the period. Other current liabilities present erratic movements with notable decreases and increases, most prominently declining from 1,683 million USD in March 2023 to a low of 735 million USD in September 2024, with some rebounds afterward.
Overall, total current liabilities demonstrate fluctuations, peaking in December 2021 (17,569 million USD) and experiencing declines interspersed with rises, ending at 15,660 million USD in March 2025. This pattern suggests ongoing adjustments in short-term debt obligations and operational liabilities.
- Non-Current Liabilities:
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Long-term debt and finance leases (excluding current maturities) generally trend downwards from March 2020 (24,196 million USD) to December 2022 (17,321 million USD), after which there is a moderate increase until June 2024 (20,324 million USD), then a slight decline toward March 2025 (19,511 million USD). Non-current operating leases grow steadily, nearly doubling from 2,493 million USD in March 2020 to a peak of 3,756 million USD in December 2023, followed by minor fluctuations.
Pension and postretirement benefit obligations show significant volatility; from 10,477 million USD in March 2020, they fall sharply to 4,807 million USD by December 2022, then rebound to 7,016 million USD by March 2025. Deferred income tax liabilities increase markedly from 1,787 million USD in March 2020 to a high of 4,601 million USD by December 2023, then slightly decline towards the end of the timeline. Other non-current liabilities remain relatively stable, with minor oscillations around the mid-3,000 million USD range.
Total non-current liabilities decline gradually from 41,736 million USD in March 2020 to 33,181 million USD in December 2022, then rise again to about 37,122 million USD by March 2025, indicating efforts in managing long-term obligations along with increasing liabilities in certain areas such as operating leases and deferred tax.
- Total Liabilities:
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Combined current and non-current liabilities fluctuate within a range but generally decline from a high of 61,739 million USD in December 2020 to a low around 51,321 million USD in December 2022, followed by moderate increases afterward. By March 2025 total liabilities stand at 52,782 million USD, indicating relative stability with some cyclical variability over the period.
- Equity and Shareowners’ Position:
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Class A and Class B common stock values remain stable throughout the periods, indicating no new issuances or retirements. Additional paid-in capital shows significant inconsistency with large values early in 2020–2021 and gaps thereafter, suggesting irregular capital transactions or accounting presentations.
Retained earnings increase steadily from 9,137 million USD in March 2020 to a peak around 21,510 million USD in March 2023 before a slight decline to 19,939 million USD by March 2025, indicating consistent profitability and earnings retention despite some fluctuations. Accumulated other comprehensive loss narrows considerably from a loss of 5,876 million USD in March 2020 to about 1,481 million USD by December 2022, but then widens again to over 4,200 million USD in later periods, evidencing fluctuations in unrealized losses or adjustments in comprehensive income elements.
Equity for controlling interests rises steadily to a peak of nearly 20,038 million USD in March 2023, then declines to 15,660 million USD by March 2025. Total shareowners' equity mirrors this trend, indicating some erosion of equity base after strong growth until early 2023.
- Additional Observations:
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The data indicates active management of debt maturities and lease obligations, with noteworthy reductions in certain liabilities counterbalanced by increases in pension obligations and operating leases. The fluctuations in accrued expenses and other current liabilities imply variable operational costs or timing differences.
The substantial shifts in pension and postretirement benefit obligations merit attention, as the large swing could impact future cash outflows or funding requirements. Deferred tax liabilities' steady increase suggests accumulating taxable temporary differences or deferred tax items.
The equity trends, dominated by retained earnings growth and fluctuating comprehensive income effects, point to overall positive earnings retention but highlight sensitivity to elements outside net income that affect equity.
In summary, the company's financial position reflects a balancing act between managing debt maturity profiles, controlling operating lease commitments, and sustaining earnings retention amid varying economic conditions as indicated by fluctuating liabilities and equity components over the observed quarters.