SEC Info - United Parcel Service Inc - ‘8-K’ for 1/31/19

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United Parcel Service Inc – ‘8-K’ for 1/31/19 – ‘EX-99.2’

On: Thursday, 1/31/19, at 7:29am ET · For: 1/31/19 · Accession #: 1090727-19-3 · File #: 1-15451

  As Of                Filer                Filing    For·On·As Docs:Size

 1/31/19  United Parcel Service Inc         8-K:2,9     1/31/19    3:1.2M

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     21K 
 2: EX-99.1     Exhibit 99.1 - Press Release - Fourth Quarter       HTML    138K 
                          Earnings                                               
 3: EX-99.2     Exhibit 99.2 - Q4 2018 Financial Statement          HTML    301K 
                          Schedules

EX-99.2 — Exhibit 99.2 – Q4 2018 Financial Statement Schedules

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

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Exhibit

Exhibit 99.2

United Parcel Service, Inc.

Selected Financial Data - Fourth Quarter

(unaudited)



	Three Months Ended
	December 31
	2018			2017			Change			% Change
(amounts in millions, except per share data)
Statement of Income Data:
Revenue:
U.S. Domestic Package	$	12,575		$	11,833		$	742		6.3	%
International Package	3,829			3,721			108			2.9	%
Supply Chain & Freight	3,444			3,421			23			0.7	%
Total revenue	19,848			18,975			873			4.6	%

Operating expenses:
Compensation and benefits	10,151			9,545			606			6.3	%
Other	7,693			7,367			326			4.4	%
Total operating expenses	17,844			16,912			932			5.5	%

Operating profit:
U.S. Domestic Package	999			1,087			(88		)	(8.1	)%
International Package	781			735			46			6.3	%
Supply Chain & Freight	224			241			(17		)	(7.1	)%
Total operating profit	2,004			2,063			(59		)	(2.9	)%

Other income (expense):
Other pension income (expense)	(1,343		)	(586		)	(757		)	129.2	%
Investment income	30			23			7			30.4	%
Interest expense	(148		)	(129		)	(19		)	14.7	%
Total other income (expense)	(1,461		)	(692		)	(769		)	111.1	%

Income before income taxes	543			1,371			(828		)	(60.4	)%

Income tax expense	90			275			(185		)	(67.3	)%

Net income	$	453		$	1,096		$	(643	)	(58.7	)%

Net income as a percentage of revenue	2.3		%	5.8		%

Per share amounts:
Basic earnings per share	$	0.52		$	1.26		$	(0.74	)	(58.7	)%
Diluted earnings per share	$	0.52		$	1.26		$	(0.74	)	(58.7	)%

Weighted-average shares outstanding:
Basic	865			867			(2		)	(0.2	)%
Diluted	869			872			(3		)	(0.3	)%

As adjusted income data:
Operating profit:
U.S. Domestic Package (1)	$	999		$	1,087		$	(88	)	(8.1	)%
International Package (1)	781			735			46			6.3	%
Supply Chain & Freight (1)	224			241			(17		)	(7.1	)%
Total operating profit (1)	2,004			2,063			(59		)	(2.9	)%

Total other income (expense) (1)	166			108			58			53.7	%
Income before income taxes (1)	$	2,170		$	2,171		$	(1	)	0.0	%
Net income (2)	$	1,690		$	1,445		$	245		17.0	%

Basic earnings per share (2)	$	1.95		$	1.67		$	0.28		16.8	%
Diluted earnings per share (2)	$	1.94		$	1.66		$	0.28		16.9	%

(1) Fourth quarter 2018 total other income (expense) and consolidated income before income taxes excludes the impact of an increase in pension expense due to a mark-to-market loss recognized outside of a 10% corridor of $1.627 billion.

Fourth quarter 2017 total other income (expense) and consolidated income before income taxes excludes the impact of an increase in pension expense due to a mark-to-market loss recognized outside of a 10% corridor of $800 million.

(2) Fourth quarter 2018 net income and earnings per share amounts exclude the after-tax impact of the adjustment described in (1), which decreased net income by $1.237 billion.

Fourth quarter 2017 net income and earnings per share amounts exclude the after-tax impact of the adjustment described in (1), which decreased net income by $607 million. 2017 net income also excludes income tax benefits of $258 million attributable to the 2017 Tax Cuts and Job Acts.

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Selected Operating Data - Fourth Quarter

(unaudited)



	Three Months Ended
	December 31
	2018		2017		Change			% Change

Revenue (in millions):
U.S. Domestic Package:
Next Day Air	$	2,108	$	1,902	$	206		10.8	%
Deferred	1,537		1,431		106			7.4	%
Ground	8,930		8,500		430			5.1	%
Total U.S. Domestic Package	12,575		11,833		742			6.3	%
International Package:
Domestic	780		737		43			5.8	%
Export	2,900		2,839		61			2.1	%
Cargo and Other	149		145		4			2.8	%
Total International Package	3,829		3,721		108			2.9	%
Supply Chain & Freight:
Forwarding	1,644		1,627		17			1.0	%
Forwarding and Logistics	878		823		55			6.7	%
Freight	721		760		(39		)	(5.1	)%
Other	201		211		(10		)	(4.7	)%
Total Supply Chain & Freight	3,444		3,421		23			0.7	%
Consolidated	$	19,848	$	18,975	$	873		4.6	%

Consolidated volume (in millions)	1,535		1,515		20			1.3	%

Operating weekdays	62		63		(1		)	(1.6	)%

Average Daily Package Volume (in thousands):
U.S. Domestic Package:
Next Day Air	1,789		1,660		129			7.8	%
Deferred	1,962		1,872		90			4.8	%
Ground	17,482		17,076		406			2.4	%
Total U.S. Domestic Package	21,233		20,608		625			3.0	%
International Package:
Domestic	1,912		1,853		59			3.2	%
Export	1,623		1,585		38			2.4	%
Total International Package	3,535		3,438		97			2.8	%
Consolidated	24,768		24,046		722			3.0	%

Average Revenue Per Piece:
U.S. Domestic Package:
Next Day Air	$	19.01	$	18.18	$	0.83		4.6	%
Deferred	12.64		12.14		0.50			4.1	%
Ground	8.24		7.90		0.34			4.3	%
Total U.S. Domestic Package	9.55		9.11		0.44			4.8	%
International Package:
Domestic	6.58		6.31		0.27			4.3	%
Export	28.82		28.43		0.39			1.4	%
Total International Package	16.79		16.51		0.28			1.7	%
Consolidated	$	10.59	$	10.17	$	0.42		4.1	%

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Supplemental Analysis of Currency and UPS Freight



Currency Neutral Revenue Per Piece
(unaudited)

	Three Months Ended								Currency
	December 31						Neutral
	2018		2017		% Change		Currency		2018*		% Change
Average Revenue Per Piece:
International Package:
Domestic	$	6.58	$	6.31	4.3	%	$	0.22	$	6.80	7.8	%
Export	28.82		28.43		1.4	%	0.63		29.45		3.6	%
Total International Package	$	16.79	$	16.51	1.7	%	$	0.42	$	17.21	4.2	%

Consolidated	$	10.59	$	10.17	4.1	%	$	0.05	$	10.64	4.6	%
*Amounts adjusted for period over period foreign currency exchange rate and hedging differences

Currency Neutral Revenue
(unaudited)

	Three Months Ended								Currency
	December 31						Neutral
	2018		2017		% Change		Currency		2018*		% Change
Revenue (in millions):
U.S. Domestic Package	$	12,575	$	11,833	6.3	%	$	—	$	12,575	6.3	%
International Package	3,829		3,721		2.9	%	92		3,921		5.4	%
Supply Chain & Freight	3,444		3,421		0.7	%	24		3,468		1.4	%
Total revenue	$	19,848	$	18,975	4.6	%	$	116	$	19,964	5.2	%
*Amounts adjusted for period over period foreign currency exchange rate and hedging differences

Currency Neutral Operating Profit
(unaudited)
	Three Months Ended								Currency
	December 31								Neutral
	2018		2017		% Change		Currency		2018*		% Change
Operating Profit (in millions):
U.S. Domestic Package	$	999	$	1,087	(8.1	)%	$	—	$	999	(8.1	)%
International Package	781		735		6.3	%	26		807		9.8	%
Supply Chain & Freight	224		241		(7.1	)%	—		224		(7.1	)%
Total operating profit	$	2,004	$	2,063	(2.9	)%	$	26	$	2,030	(1.6	)%
* Amounts adjusted for period over period foreign currency exchange rate and hedging differences

UPS Freight Selected Operating Data - Fourth Quarter

(unaudited)



	Three Months Ended
	December 31
	2018		2017		Change			% Change
LTL revenue (in millions)	$	584	$	655	$	(71	)	(10.8	)%
LTL revenue per LTL hundredweight	$	26.36	$	24.65	$	1.71		6.9	%

LTL shipments (in thousands)	2,010		2,471		(461		)	(18.7	)%
LTL shipments per day (in thousands)	32.4		40.5		(8.1		)	(20.0	)%

LTL gross weight hauled (in millions of pounds)	2,214		2,657		(443		)	(16.7	)%
LTL weight per shipment (in pounds)	1,102		1,075		27			2.5	%

Operating weekdays	62		61		1			1.6	%

United Parcel Service, Inc.

Detail of Other Operating Expenses - Fourth Quarter

(unaudited)



	Three Months Ended
	December 31
	2018		2017		Change			% Change
(in millions)
Repairs and Maintenance	$	438	$	420	$	18		4.3	%
Depreciation and Amortization	545		594		(49		)	(8.2	)%
Purchased Transportation	3,839		3,705		134			3.6	%
Fuel	958		817		141			17.3	%
Other Occupancy	359		310		49			15.8	%
Other Expenses	1,554		1,521		33			2.2	%
Total Other Operating Expenses	$	7,693	$	7,367	$	326		4.4	%

Detail of Other Pension Income (Expense) - Fourth Quarter

(unaudited)



	Three Months Ended
	December 31
(in millions)	2018			2017			Change			% Change
U.S. Domestic Package	$	227		$	164		$	63		38.4	%
International Package	20			19			1			5.3	%
Supply Chain & Freight	37			31			6			19.4	%
Total other pension income (expense)	$	284		$	214		$	70		32.7	%

Pension Mark-to-Market Loss	$	(1,627	)	$	(800	)	$	(827	)	103.4	%
Total other pension income (expense)	$	(1,343	)	$	(586	)	$	(757	)	129.2	%

Earnings Per Share and Share Data - Fourth Quarter

(unaudited)



	Three Months Ended
	December 31
	2018		2017
(amounts in millions, except per share data)
Numerator:
Net income	$	453	$	1,096

Denominator:
Weighted-average shares	859		861
Deferred compensation obligations	1		1
Vested portion of restricted units	5		5
Denominator for basic earnings per share	865		867

Effect of dilutive securities:
Restricted units	4		4
Stock options	—		1
Denominator for diluted earnings per share	869		872

Basic earnings per share	$	0.52	$	1.26

Diluted earnings per share	$	0.52	$	1.26


Detail of shares outstanding as of December 31, 2018:

Class A shares	163
Class B shares	695
Total shares outstanding	858

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Selected Financial Data - Year to Date

(unaudited)



	Twelve Months Ended
	December 31,
	2018			2017			Change			% Change
(amounts in millions, except per share data)
Statement of Income Data:
Revenue:
U.S. Domestic Package	$	43,593		$	40,761		$	2,832		6.9	%
International Package	14,442			13,342			1,100			8.2	%
Supply Chain & Freight	13,826			12,482			1,344			10.8	%
Total revenue	71,861			66,585			5,276			7.9	%

Operating expenses:
Compensation and benefits	37,235			34,577			2,658			7.7	%
Other	27,602			24,479			3,123			12.8	%
Total operating expenses	64,837			59,056			5,781			9.8	%

Operating profit:
U.S. Domestic Package	3,643			4,303			(660		)	(15.3	)%
International Package	2,529			2,429			100			4.1	%
Supply Chain & Freight	852			797			55			6.9	%
Total operating profit	7,024			7,529			(505		)	(6.7	)%

Other income (expense):
Other pension income (expense)	(490		)	(11		)	(479		)	N/A
Investment income	90			72			18			25.0	%
Interest expense	(605		)	(453		)	(152		)	33.6	%
Total other income (expense)	(1,005		)	(392		)	(613		)	156.4	%

Income before income taxes	6,019			7,137			(1,118		)	(15.7	)%

Income tax expense	1,228			2,232			(1,004		)	(45.0	)%

Net income	$	4,791		$	4,905		$	(114	)	(2.3	)%

Net income as a percentage of revenue	6.7		%	7.4		%

Per share amounts
Basic earnings per share	$	5.53		$	5.63		$	(0.10	)	(1.8	)%
Diluted earnings per share	$	5.51		$	5.61		$	(0.10	)	(1.8	)%

Weighted-average shares outstanding
Basic	866			871			(5		)	(0.6	)%
Diluted	870			875			(5		)	(0.6	)%

As adjusted income data:
Operating profit:
U.S. Domestic Package (1)	$	3,878		$	4,303		$	(425	)	(9.9	)%
International Package (1)	2,605			2,429			176			7.2	%
Supply Chain & Freight (1)	901			797			104			13.0	%
Total operating profit (1)	7,384			7,529			(145		)	(1.9	)%

Total other income (expense) (2)	$	622		$	408		$	214		52.5	%
Income before income taxes (1) (2)	$	8,006		$	7,937		$	69		0.9	%
Net income (3)	$	6,301		$	5,254		$	1,047		19.9	%

Basic earnings per share (3)	$	7.28		$	6.03		$	1.25		20.7	%
Diluted earnings per share (3)	$	7.24		$	6.00		$	1.24		20.7	%

(1) 2018 operating profit and consolidated income before income taxes excludes the impact of $360 million of transformation strategy costs. These costs are allocated between the U.S. Domestic Package segment ($235 million), International Package segment ($76 million) and Supply Chain & Freight segment ($49 million).

(2) 2018 total other income (expense) and consolidated income before income taxes excludes the impact of an increase in pension expense due to a mark-to-market loss recognized outside of a 10% corridor of $1.627 billion.

2017 total other income (expense) and consolidated income before income taxes excludes the impact of an increase in pension expense due to a mark-to-market loss recognized outside of a 10% corridor of $800 million.

(3) 2018 net income and earnings per share amounts exclude the after-tax impact of the adjustments described in (1) and (2), which decreased net income by $1.510 billion.

2017 net income and earnings per share amounts exclude the after-tax impact of the adjustment described in (2), which decreased net income by $607 million. 2017 net income also excludes income tax benefits of $258 million attributable to the 2017 Tax Cuts and Jobs Act.

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Selected Operating Data - Year to Date

(unaudited)



	Twelve Months Ended
	December 31
	2018		2017		Change			% Change

Revenue (in millions):
U.S. Domestic Package:
Next Day Air	$	7,618	$	7,088	$	530		7.5	%
Deferred	4,752		4,422		330			7.5	%
Ground	31,223		29,251		1,972			6.7	%
Total U.S. Domestic Package	43,593		40,761		2,832			6.9	%
International Package:
Domestic	2,874		2,646		228			8.6	%
Export	10,973		10,170		803			7.9	%
Cargo and Other	595		526		69			13.1	%
Total International Package	14,442		13,342		1,100			8.2	%
Supply Chain & Freight:
Forwarding	6,580		5,674		906			16.0	%
Logistics	3,234		3,017		217			7.2	%
Freight	3,218		3,000		218			7.3	%
Other	794		791		3			0.4	%
Total Supply Chain & Freight	13,826		12,482		1,344			10.8	%
Consolidated	$	71,861	$	66,585	$	5,276		7.9	%

Consolidated volume (in millions)	5,231		5,088		143			2.8	%

Operating weekdays	253		254		(1		)	(0.4	)%

Average Daily Package Volume (in thousands):
U.S. Domestic Package:
Next Day Air	1,542		1,460		82			5.6	%
Deferred	1,432		1,400		32			2.3	%
Ground	14,498		14,060		438			3.1	%
Total U.S. Domestic Package	17,472		16,920		552			3.3	%
International Package:
Domestic	1,723		1,715		8			0.5	%
Export	1,482		1,395		87			6.2	%
Total International Package	3,205		3,110		95			3.1	%
Consolidated	20,677		20,030		647			3.2	%

Average Revenue Per Piece:
U.S. Domestic Package:
Next Day Air	$	19.53	$	19.11	$	0.42		2.2	%
Deferred	13.12		12.44		0.68			5.5	%
Ground	8.51		8.19		0.32			3.9	%
Total U.S. Domestic Package	9.86		9.48		0.38			4.0	%
International Package:
Domestic	6.59		6.07		0.52			8.6	%
Export	29.27		28.70		0.57			2.0	%
Total International Package	17.08		16.22		0.86			5.3	%
Consolidated	$	10.98	$	10.53	$	0.45		4.3	%

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Supplemental Analysis of Currency and UPS Freight



Currency Neutral Revenue Per Piece
(unaudited)

	Twelve Months Ended									Currency
	December 31						Neutral
	2018		2017		% Change		Currency			2018*		% Change
Average Revenue Per Piece:
International Package:
Domestic	$	6.59	$	6.07	8.6	%	$	(0.19	)	$	6.40	5.4	%
Export	29.27		28.70		2.0	%	(0.16		)	29.11		1.4	%
Total International Package	$	17.08	$	16.22	5.3	%	$	(0.18	)	$	16.90	4.2	%

Consolidated	$	10.98	$	10.53	4.3	%	$	(0.03	)	$	10.95	4.0	%
*Amounts adjusted for period over period foreign currency exchange rate and hedging differences

Currency Neutral Revenue
(unaudited)

	Twelve Months Ended									Currency
	December 31						Neutral
	2018		2017		% Change		Currency			2018*		% Change
Revenue (in millions):
U.S. Domestic Package	$	43,593	$	40,761	6.9	%	$	—		$	43,593	6.9	%
International Package	14,442		13,342		8.2	%	(147		)	$	14,295	7.1	%
Supply Chain & Freight	13,826		12,482		10.8	%	(39		)	13,787		10.5	%
Total revenue	$	71,861	$	66,585	7.9	%	$	(186	)	$	71,675	7.6	%
*Amounts adjusted for period over period foreign currency exchange rate and hedging differences

Currency Neutral Operating Profit
(unaudited)

	Tweleve Months Ended									Currency
	December 31									Neutral
	2018*		2017		% Change		Currency			2018**		% Change
As-Adjusted Operating Profit (in millions):
U.S. Domestic Package	$	3,878	$	4,303	(9.9	)%	$	—		$	3,878	(9.9	)%
International Package	2,605		2,429		7.2	%	10			2,615		7.7	%
Supply Chain & Freight	901		797		13.0	%	5			906		13.7	%
Total operating profit	$	7,384	$	7,529	(1.9	)%	$	15		$	7,399	(1.7	)%
* Amounts adjusted for Transformation strategy costs
** Amounts adjusted for Transformation strategy costs and period over period foreign currency exchange rate and hedging differences

UPS Freight Selected Operating Data - Year to Date

(unaudited)



	Tweleve Months Ended
	December 31
	2018		2017		Change			% Change
LTL revenue (in millions)	$	2,706	$	2,598	$	108		4.2	%
LTL revenue per LTL hundredweight	$	25.52	$	24.08	$	1.44		6.0	%

LTL shipments (in thousands)	9,720		10,210		(490		)	(4.8	)%
LTL shipments per day (in thousands)	38.4		40.5		(2.1		)	(5.2	)%

LTL gross weight hauled (in millions of pounds)	10,605		10,788		(183		)	(1.7	)%
LTL weight per shipment (in pounds)	1,091		1,057		34			3.2	%

Operating weekdays	253		252		1			0.4	%

Certain prior year amounts have been reclassified to conform to the current year presentation.

United Parcel Service, Inc.

Detail of Other Operating Expenses - Year to Date

(unaudited)



	Twelve Months Ended
	December 31
	2018		2017		Change			% Change
(in millions)
Repairs and Maintenance	$	1,732	$	1,601	$	131		8.2	%
Depreciation and Amortization	2,207		2,282		(75		)	(3.3	)%
Purchased Transportation	13,409		11,696		1,713			14.6	%
Fuel	3,427		2,690		737			27.4	%
Other Occupancy	1,362		1,155		207			17.9	%
Other Expenses	5,465		5,055		410			8.1	%
Total Other Operating Expenses	27,602		24,479		3,123			12.8	%

Detail of Other Pension Income (Expense) - Year to Date

(unaudited)



	Twelve Months Ended
	December 31
(in millions)	2018			2017			Change			% Change
U.S. Domestic Package	$	908		$	605		$	303		50.1	%
International Package	80			66			14			21.2	%
Supply Chain & Freight	149			118			31			26.3	%
Total other pension income (expense)	$	1,137		$	789		$	348		44.1	%

Pension Mark-to-Market Loss	$	(1,627	)	$	(800	)	$	(827	)	103.4	%
Total other pension income (expense)	$	(490	)	$	(11	)	$	(479	)	N/A

Earnings Per Share and Share Data - Year to Date

(unaudited)



	Twelve Months Ended
	December 31
	2018		2017
(amounts in millions, except per share data)
Numerator:
Net income	$	4,791	$	4,905

Denominator:
Weighted-average shares	860		865
Deferred compensation obligations	1		1
Vested portion of restricted units	5		5
Denominator for basic earnings per share	866		872

Effect of dilutive securities:
Restricted units	4		3
Stock options	—		1
Denominator for diluted earnings per share	870		875

Basic earnings per share	$	5.53	$	5.63

Diluted earnings per share	$	5.51	$	5.61

Certain prior year amounts have been reclassified to conform to the current year presentation

United Parcel Service, Inc.

Consolidated Balance Sheets - December 31, 2018 and December 31, 2017

(unaudited)



	December 31, 2018		December 31, 2017
(amounts in millions)

ASSETS
Current Assets:
Cash and marketable securities	$	5,035	$	4,069
Other current assets	10,696		11,649
Total Current Assets	15,731		15,718
Property, Plant and Equipment	54,488		48,726
Less accumulated depreciation and amortization	27,912		26,608
	26,576		22,118
Other Assets	7,282		7,738
	$	49,589	$	45,574


LIABILITIES AND SHAREOWNERS' EQUITY
Current Liabilities	$	14,087	$	12,886
Long-Term Debt	19,931		20,278
Pension and Postretirement Benefit Obligations	8,347		7,061
Deferred Taxes, Credits and Other Liabilities	4,187		4,325
Shareowners' Equity	3,037		1,024
	$	49,589	$	45,574

Amounts are subject to reclassification.

United Parcel Service, Inc.

Selected Cash Flow Data

(unaudited)



Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash
	Preliminary
	Year-to-Date
(amounts in millions)	December 31
Cash flows from operating activities	$	12,711
Cash flows used in investing activities	(6,330		)
Cash flows used in financing activities	(5,692		)

Effect of exchange rate changes on cash, cash equivalents and restricted cash	(91		)
Net increase in cash, cash equivalents and restricted cash	$	598

Reconciliation of Adjusted Capital Expenditures and Free Cash Flow (non-GAAP measures)
	Preliminary
	Year-to-Date
(amounts in millions)	December 31
Cash flows from operating activities	$	12,711
Capital expenditures	(6,283		)
Principal repayments of capital lease obligations	(340		)
Adjusted Capital Expenditures (non-GAAP measure)	$	(6,623	)
Proceed from disposal of PP&E	37
Net change in finance receivables	4
Other investing activities	1
Adjusted Free cash flow (non-GAAP measure)	$	6,130

Amounts are subject to reclassification.

United Parcel Service, Inc.

Aircraft Fleet - as of December 31, 2018

(unaudited)



Description	Owned and Capital Leases	Leases & Charters from Others	On Order	Under Option
Operating:
Boeing 757-200	75	—	—	—
Boeing 767-200	—	2	—	—
Boeing 767-300	59	—	9	—
Boeing 767-300BCF	3	—	—	—
Airbus A300-600	52	—	—	—
Boeing MD-11	37	5	—	—
Boeing 747-400F	11	—	—	—
Boeing 747-400BCF	2	—	—	—
Boeing 747-8F	9	—	19	—
Other	—	309	—	—

Total	248	316	28	—

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K’ Filing	Date	Other Filings

Filed on / For Period End:	1/31/19
	12/31/18	5
	12/31/17	10-K, 11-K, 5
		List all Filings

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Filing Submission 0001090727-19-000003 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

United Parcel Service Inc – ‘8-K’ for 1/31/19 – ‘EX-99.2’

On: Thursday, 1/31/19, at 7:29am ET · For: 1/31/19 · Accession #: 1090727-19-3 · File #: 1-15451

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EX-99.2 — Exhibit 99.2 – Q4 2018 Financial Statement Schedules

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