UPS 2007 Annual Report Download - page 67

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UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions)
December 31,
2007 2006
ASSETS
Current Assets:
Cash and cash equivalents ................................................. $ 2,027 $ 794
Marketable securities and short-term investments .............................. 577 1,189
Accounts receivable, net .................................................. 6,084 5,794
Finance receivables, net .................................................. 468 426
Deferred income tax assets ................................................ 606 414
Income taxes receivable .................................................. 1,256 65
Other current assets ...................................................... 742 695
Total Current Assets ................................................. 11,760 9,377
Property, Plant and Equipment, Net ............................................. 17,663 16,779
Pension and Postretirement Benefit Assets ........................................ 4,421 2,044
Goodwill .................................................................. 2,577 2,533
Intangible Assets, Net ........................................................ 628 688
Long-Term Finance Receivables, Net ............................................ 431 374
Other Non-Current Assets ..................................................... 1,562 1,415
Total Assets ................................................................ $39,042 $33,210
LIABILITIES AND SHAREOWNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt and commercial paper ...................... $ 3,512 $ 983
Accounts payable ....................................................... 1,819 1,841
Accrued wages and withholdings ........................................... 1,414 1,303
Dividends payable ....................................................... 440 400
Self-insurance reserves ................................................... 704 682
Other current liabilities ................................................... 1,951 1,510
Total Current Liabilities .............................................. 9,840 6,719
Long-Term Debt ............................................................ 7,506 3,133
Pension and Postretirement Benefit Obligations .................................... 4,438 2,748
Deferred Income Tax Liabilities ................................................ 2,620 2,529
Self-Insurance Reserves ...................................................... 1,651 1,604
Other Non-Current Liabilities .................................................. 804 995
Shareowners’ Equity:
Class A common stock (349 and 401 shares issued in 2007 and 2006) .............. 3 4
Class B common stock (694 and 672 shares issued in 2007 and 2006) .............. 7 7
Additional paid-in capital ................................................. — —
Retained earnings ....................................................... 14,186 17,676
Accumulated other comprehensive loss ...................................... (2,013) (2,205)
Deferred compensation obligations .......................................... 137 147
12,320 15,629
Less: Treasury stock (2 and 3 shares in 2007 and 2006) ......................... (137) (147)
Total Shareowners’ Equity .................................................... 12,183 15,482
Total Liabilities and Shareowners’ Equity ........................................ $39,042 $33,210
See notes to consolidated financial statements.
F-4