United Parcel Service Inc Cash Flow
Concept
Operating Cash Flow
Net Income
Depreciation & Amortization
Stock based compensation
Other non cash items
Change in working capital
Investing Cash Flow
Capital Expenditures
Financing Cash Flow
Dividends Paid
Payout Ratio
Share Issuance / Repurchase
Debt Issued / Paid
Other Investing Activities
End Cash Position
Changes in Cash
Beginning Cash Position
Free Cash Flow
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
10,238M
6,708M
3,366M
220M
259M
-514M
-8,993M
5,158M
-5,534M
-5,372M
-80.13 %
-2,250M
0M
4,112M
3,206M
-2,396M
5,602M
5,080M
14,104M
11,548M
3,188M
1,568M
-2,311M
-420M
-1,627M
4,769M
-11,185M
5,114M
44.27 %
-3,500M
-2,304M
-529M
5,602M
-4,653M
10,255M
9,335M
15,007M
12,890M
2,953M
878M
-2,695M
-664M
-3,818M
4,194M
-6,823M
3,437M
26.63 %
-500M
-2,773M
-364M
10,255M
4,345M
5,910M
10,813M
10,459M
1,427M
2,698M
796M
5,269M
1,081M
150M
5,412M
-4,517M
3,374M
235.98 %
-224M
-851M
2,188M
5,910M
672M
5,238M
5,047M
8,639M
4,440M
2,360M
915M
688M
136M
335M
6,380M
-1,727M
3,194M
72.02 %
-1,004M
2,419M
5,349M
5,238M
871M
4,367M
2,259M
12,711M
4,791M
2,207M
634M
2,279M
2,042M
-83M
6,283M
-5,692M
3,011M
62.79 %
-1,011M
-1,622M
977M
4,367M
598M
3,769M
6,428M
1,479M
4,910M
2,282M
584M
-6,067M
-1,460M
361M
5,227M
3,287M
2,771M
56.51 %
-1,813M
7,827M
11,563M
3,320M
-156M
3,476M
-3,748M
6,473M
3,431M
2,224M
591M
813M
-709M
917M
2,965M
-3,140M
2,643M
77 %
-2,678M
2,034M
5,741M
3,476M
746M
2,730M
3,508M
7,430M
4,844M
2,084M
574M
-358M
-254M
-1,022M
2,379M
-1,565M
2,525M
52.15 %
-2,702M
3,588M
6,137M
2,730M
439M
2,291M
5,051M
5,726M
3,032M
1,923M
536M
-438M
288M
-375M
2,328M
-5,161M
2,366M
78.05 %
-2,695M
-169M
1,320M
2,291M
-2,374M
4,665M
3,398M
7,304M
4,372M
1,867M
513M
832M
-34M
48M
2,065M
-7,807M
2,260M
51.63 %
-3,838M
-1,775M
-325M
4,665M
-2,662M
7,327M
5,239M
7,216M
807M
1,858M
547M
5,071M
132M
729M
2,153M
-1,817M
2,130M
265.06 %
-1,621M
1,729M
1,649M
7,327M
4,293M
3,034M
5,063M
7,073M
3,804M
1,782M
524M
498M
224M
-229M
2,005M
-4,862M
1,997M
52.6 %
-2,665M
-95M
-299M
3,034M
-336M
3,370M
5,068M
3,835M
3,488M
1,792M
519M
-2,307M
-659M
138M
1,389M
-1,346M
1,818M
52.01 %
-817M
1,246M
1,539M
3,370M
1,828M
1,542M
2,446M
5,285M
2,152M
1,747M
430M
377M
108M
250M
1,602M
-3,045M
1,751M
81.31 %
-561M
-522M
2,800M
1,542M
1,035M
507M
3,683M
8,426M
3,003M
1,814M
516M
1,745M
1,161M
0M
2,636M
-6,702M
2,219M
73.81 %
-3,570M
0M
3,452M
507M
-1,520M
2,027M
5,790M
1,123M
382M
1,745M
447M
245M
-1,447M
0M
2,820M
2,297M
1,703M
444.44 %
-2,639M
0M
6,663M
2,027M
1,233M
794M
-1,697M
5,589M
4,202M
1,748M
369M
-929M
-80M
0M
3,085M
-3,851M
1,577M
37.56 %
-2,460M
0M
112M
794M
-575M
1,369M
2,504M
5,793M
3,870M
1,644M
0M
377M
-575M
0M
2,187M
-4,175M
1,391M
36.02 %
-2,479M
0M
120M
1,369M
630M
739M
3,606M
5,331M
3,333M
1,543M
0M
889M
-723M
0M
2,127M
-2,014M
1,208M
36.18 %
-1,310M
0M
779M
739M
-325M
1,064M
3,204M
4,646M
2,898M
1,549M
0M
732M
-850M
0M
1,947M
-2,180M
1,026M
35.29 %
-398M
0M
335M
2,951M
740M
2,211M
2,699M
5,627M
3,182M
1,464M
0M
-172M
991M
0M
1,658M
-2,090M
849M
26.69 %
-604M
0M
337M
2,211M
1,353M
858M
3,969M
3,900M
2,399M
1,396M
0M
576M
-1,109M
0M
2,372M
-1,493M
856M
35.71 %
-2,019M
0M
2,243M
858M
-21M
879M
1,528M
2,742M
2,934M
1,173M
0M
333M
-1,617M
0M
2,147M
-5,161M
786M
26.8 %
-5,465M
0M
2,170M
879M
-3,325M
4,204M
595M
2,223M
2,325M
1,139M
-1,442M
464M
-838M
0M
1,476M
3,905M
672M
29.06 %
-1,232M
0M
481M
4,204M
2,964M
1,240M
747M
2,868M
1,741M
-1,112M
58M
2,224M
-66M
0M
1,645M
-433M
466M
26.75 %
-774M
0M
332M
1,240M
780M
460M
1,223M
Concept
Operating Cash Flow
Net Income
Depreciation & Amortization
Stock based compensation
Other non cash items
Change in working capital
Investing Cash Flow
Capital Expenditures
Financing Cash Flow
Dividends Paid
Payout Ratio
Share Issuance / Repurchase
Debt Issued / Paid
Other Investing Activities
End Cash Position
Changes in Cash
Beginning Cash Position
Free Cash Flow
4Q2023
3Q2023
2Q2023
1Q2023
4Q2022
3Q2022
2Q2022
1Q2022
4Q2021
3Q2021
2Q2021
1Q2021
4Q2020
3Q2020
2Q2020
1Q2020
4Q2019
3Q2019
2Q2019
1Q2019
4Q2018
3Q2018
2Q2018
1Q2018
4Q2017
3Q2017
2Q2017
1Q2017
4Q2016
3Q2016
2Q2016
1Q2016
4Q2015
3Q2015
2Q2015
1Q2015
4Q2014
3Q2014
2Q2014
1Q2014
4Q2013
3Q2013
2Q2013
1Q2013
4Q2012
3Q2012
2Q2012
1Q2012
4Q2011
3Q2011
2Q2011
1Q2011
4Q2010
3Q2010
2Q2010
1Q2010
4Q2009
3Q2009
2Q2009
1Q2009
4Q2008
3Q2008
2Q2008
1Q2008
4Q2007
3Q2007
2Q2007
1Q2007
4Q2006
3Q2006
2Q2006
1Q2006
4Q2005
3Q2005
2Q2005
1Q2005
4Q2004
3Q2004
2Q2004
1Q2004
4Q2003
3Q2003
2Q2003
1Q2003
4Q2002
3Q2002
2Q2002
1Q2002
4Q2001
3Q2001
2Q2001
1Q2001
4Q2000
3Q2000
2Q2000
1Q2000
2,411M
1,605M
867M
34M
723M
-690M
-3,204M
2,049M
-349M
-1,338M
-83.42 %
1,872M
0M
-5M
3,206M
-1,105M
4,311M
362M
2,233M
1,127M
837M
21M
328M
-239M
-1,070M
1,289M
-1,603M
1,341M
119.08 %
-752M
429M
448M
4,311M
-501M
4,812M
944M
3,237M
2,081M
828M
39M
225M
-48M
125M
1,211M
-3,586M
1,345M
64.46 %
-747M
-1,531M
-33M
4,812M
-1,378M
6,190M
2,026M
2,357M
1,895M
834M
126M
-1,099M
545M
-1,813M
609M
4M
1,348M
71.23 %
-751M
2,438M
2,119M
6,190M
588M
5,602M
1,748M
3,332M
3,453M
888M
718M
-978M
-814M
-1,648M
2,491M
-3,710M
1,272M
36.87 %
-1,306M
-1,180M
-16M
5,602M
-5,443M
11,045M
841M
2,479M
2,584M
774M
233M
-1,688M
470M
-909M
890M
-2,189M
1,275M
49.32 %
-952M
-19M
-5M
11,045M
-690M
11,735M
1,589M
3,813M
2,849M
762M
231M
217M
-397M
6M
840M
-3,316M
1,283M
44.92 %
-988M
-1,087M
-27M
11,735M
-473M
12,208M
2,973M
4,480M
2,662M
764M
386M
138M
321M
-8M
548M
-1,970M
1,284M
48.18 %
-254M
-18M
-481M
12,208M
1,953M
10,255M
3,932M
3,246M
3,093M
754M
178M
137M
-1,290M
-2,218M
1,624M
-967M
859M
27.84 %
-249M
-160M
-3M
10,255M
43M
10,212M
1,622M
3,307M
2,329M
738M
179M
155M
-238M
-13M
900M
-1,818M
860M
36.98 %
-500M
-512M
-499M
10,212M
604M
9,608M
2,407M
3,923M
2,676M
739M
206M
169M
-52M
17M
836M
-2,093M
860M
32.13 %
-199M
-1,270M
-26M
9,608M
1,877M
7,731M
3,087M
4,531M
4,792M
722M
315M
-3,156M
916M
67M
834M
-1,945M
858M
17.92 %
697M
-831M
-334M
7,731M
1,821M
5,910M
3,697M
1,176M
-3,263M
712M
288M
5,479M
-662M
19M
2,193M
-1,961M
846M
-25.87 %
-538M
-1,184M
-2M
5,910M
-2,930M
8,840M
-1,017M
3,336M
1,957M
677M
140M
-664M
944M
5M
1,154M
-2,157M
845M
43.3 %
7M
-1,385M
-482M
8,840M
26M
8,814M
2,182M
3,397M
1,768M
661M
137M
350M
283M
123M
1,132M
-2,566M
843M
47.78 %
-11M
-1,757M
-634M
8,814M
-142M
8,956M
2,265M
2,550M
965M
648M
231M
104M
516M
3M
933M
2,167M
840M
87.39 %
-220M
3,475M
3,844M
8,956M
3,718M
5,238M
1,617M
2,946M
-106M
630M
199M
2,624M
-458M
-3M
2,044M
127M
797M
-766.67 %
-253M
1,128M
1,805M
5,238M
1,053M
4,185M
902M
1,486M
1,750M
587M
203M
-1,182M
360M
233M
1,475M
-320M
798M
45.77 %
-248M
677M
1,117M
4,185M
-31M
4,216M
11M
1,930M
1,685M
575M
205M
-687M
-45M
-6M
1,347M
-839M
800M
47.42 %
-257M
129M
1,685M
4,797M
255M
4,542M
583M
2,277M
1,111M
568M
308M
-67M
279M
111M
1,514M
-695M
799M
71.88 %
-246M
485M
742M
4,542M
175M
4,367M
763M
3,289M
453M
545M
127M
1,821M
-197M
-54M
1,793M
-1,432M
751M
165.38 %
-241M
-475M
261M
4,367M
-8M
4,375M
1,496M
2,222M
1,508M
524M
129M
114M
-129M
-32M
1,641M
-653M
753M
50.29 %
-249M
286M
406M
4,375M
-116M
4,491M
581M
3,133M
1,485M
542M
139M
172M
759M
-66M
1,312M
-1,057M
753M
50.88 %
-260M
-101M
266M
4,491M
665M
3,826M
1,821M
4,067M
1,345M
596M
239M
172M
1,609M
69M
1,537M
-2,550M
754M
56.13 %
-261M
-1,332M
44M
3,826M
57M
3,769M
2,530M
-2,939M
1,104M
594M
121M
-4,104M
-1,589M
248M
1,519M
4,201M
686M
62.2 %
-467M
5,303M
6,773M
3,320M
-98M
3,418M
-4,458M
1,797M
1,264M
572M
118M
164M
-441M
102M
1,699M
-358M
696M
55.17 %
-448M
739M
1,971M
3,418M
-126M
3,544M
98M
2,382M
1,384M
562M
133M
201M
21M
-15M
1,071M
-432M
694M
50 %
-460M
654M
1,381M
3,544M
857M
2,687M
1,311M
239M
1,158M
554M
212M
-2,328M
549M
26M
938M
-124M
695M
59.85 %
-438M
1,131M
1,438M
2,687M
-789M
3,476M
-699M
1,110M
-239M
563M
120M
1,533M
-1,140M
1,125M
1,128M
-359M
656M
-277.78 %
-671M
1,028M
2,401M
3,476M
177M
3,299M
-18M
670M
1,270M
554M
125M
-1,046M
-114M
596M
874M
-197M
660M
52.08 %
-678M
1,031M
2,281M
3,299M
240M
3,059M
-204M
2,023M
1,269M
555M
131M
233M
-129M
-159M
536M
-2,144M
661M
51.75 %
-689M
-844M
53M
3,059M
-828M
3,887M
1,487M
2,670M
1,131M
552M
215M
93M
674M
-645M
427M
-440M
666M
58.27 %
-640M
819M
1,006M
3,887M
1,157M
2,730M
2,243M
1,015M
1,331M
541M
122M
-740M
-977M
242M
731M
-1,405M
626M
47.3 %
-674M
-186M
865M
2,730M
-711M
3,441M
284M
2,176M
1,257M
527M
124M
61M
265M
462M
690M
92M
629M
50.36 %
-680M
1,371M
1,558M
3,441M
11M
3,430M
1,486M
1,488M
1,230M
510M
134M
139M
-434M
-751M
593M
-1,151M
634M
51.85 %
-672M
59M
890M
3,430M
-1,052M
4,482M
895M
2,751M
1,026M
506M
194M
182M
892M
-975M
365M
899M
636M
62.5 %
-676M
2,344M
2,824M
4,482M
2,191M
2,291M
2,386M
1,535M
453M
497M
106M
72M
89M
297M
884M
-2,748M
586M
130.61 %
-633M
-1,500M
-927M
2,291M
-1,913M
4,204M
651M
2,359M
1,214M
485M
124M
3M
274M
274M
631M
-781M
588M
48.48 %
-683M
491M
437M
4,204M
1,148M
3,056M
1,728M
-435M
454M
473M
142M
-735M
-637M
-457M
491M
-1,512M
596M
130.61 %
-709M
-335M
732M
3,056M
-2,890M
5,946M
-926M
2,267M
911M
468M
164M
222M
562M
-489M
322M
-120M
596M
65.31 %
-670M
1,175M
1,078M
5,946M
1,281M
4,665M
1,945M
2,244M
1,167M
467M
107M
35M
319M
1,002M
460M
-3,091M
558M
48 %
-972M
-1,667M
-1,670M
4,665M
-517M
5,182M
1,784M
1,629M
1,097M
460M
118M
190M
-169M
-75M
615M
-675M
562M
51.72 %
-999M
608M
1,419M
5,182M
374M
4,808M
1,014M
1,673M
1,071M
466M
131M
313M
-161M
-489M
537M
-2,195M
568M
53.1 %
-842M
-538M
-787M
4,808M
-1,648M
6,456M
1,136M
1,758M
1,037M
474M
157M
-25M
296M
-390M
453M
-1,846M
572M
55.56 %
-1,025M
-178M
1,321M
6,456M
-871M
7,327M
1,305M
2,113M
-1,748M
476M
126M
5,007M
-219M
28M
550M
-2,884M
530M
-30.05 %
-219M
-2,079M
-2,175M
7,327M
-1,103M
8,430M
1,563M
1,253M
469M
464M
126M
-88M
-196M
-5M
654M
909M
532M
114.58 %
-517M
1,935M
3,834M
8,430M
1,712M
6,718M
599M
1,570M
1,116M
459M
133M
66M
-148M
380M
521M
107M
534M
47.83 %
-338M
984M
924M
6,718M
1,585M
5,133M
1,049M
2,280M
970M
459M
162M
86M
695M
326M
428M
51M
534M
55 %
-547M
889M
1,890M
5,133M
2,099M
3,034M
1,852M
1,711M
814M
451M
122M
945M
-526M
116M
448M
-2,378M
497M
60.71 %
-492M
-1,302M
-1,448M
3,034M
-1,099M
4,133M
1,263M
2,048M
1,042M
447M
130M
208M
93M
-328M
606M
-1,513M
493M
47.17 %
-1,121M
45M
45M
4,133M
-558M
4,691M
1,442M
2,033M
1,063M
443M
152M
316M
-37M
-142M
549M
-1,218M
504M
47.66 %
-547M
-34M
-160M
4,691M
34M
4,657M
1,484M
1,281M
885M
441M
120M
-971M
694M
125M
402M
247M
503M
56.82 %
-505M
1,196M
1,264M
4,657M
1,287M
3,370M
879M
-88M
1,119M
444M
170M
-1,919M
-928M
95M
378M
593M
455M
40.18 %
-218M
1,314M
1,312M
3,370M
350M
3,020M
-466M
911M
991M
448M
111M
-203M
-377M
123M
347M
-1,293M
452M
45.45 %
-156M
-729M
-594M
3,020M
-232M
3,252M
564M
1,463M
845M
449M
138M
162M
-27M
-104M
381M
-389M
455M
53.57 %
-165M
187M
183M
3,252M
708M
2,544M
1,082M
1,549M
533M
451M
100M
-347M
673M
24M
283M
-257M
456M
84.91 %
-278M
474M
638M
2,544M
1,002M
1,542M
1,266M
1,052M
757M
450M
118M
191M
-583M
0M
417M
-1,384M
438M
58.67 %
-166M
0M
-57M
1,542M
-700M
2,242M
635M
1,078M
549M
441M
93M
-249M
-147M
0M
514M
-1,226M
437M
80 %
-148M
0M
6M
2,242M
-576M
2,818M
564M
959M
445M
426M
114M
160M
-220M
0M
289M
-1,892M
438M
100 %
-131M
0M
91M
2,818M
-920M
3,738M
670M
2,196M
401M
430M
105M
275M
1,058M
0M
382M
1,457M
438M
110 %
-116M
0M
2,760M
3,738M
3,231M
507M
1,814M
1,478M
254M
454M
142M
797M
-243M
0M
528M
-1,665M
438M
176 %
-286M
0M
1,675M
507M
-732M
1,239M
950M
1,920M
970M
456M
123M
193M
14M
0M
721M
-1,051M
444M
45.83 %
-990M
0M
1,925M
1,239M
61M
1,178M
1,199M
1,723M
873M
452M
784M
-201M
-248M
0M
726M
-644M
451M
51.76 %
-1,124M
0M
2,370M
1,178M
169M
1,009M
997M
3,305M
906M
452M
117M
306M
1,638M
0M
661M
-3,342M
886M
97.7 %
-1,170M
0M
2,782M
1,009M
-1,018M
2,027M
2,644M
-4,145M
-2,641M
443M
447M
-42M
-2,300M
0M
826M
5,430M
5M
-0 %
-570M
0M
5,982M
2,027M
782M
1,245M
-4,971M
1,672M
1,076M
435M
77M
-456M
538M
0M
788M
-918M
432M
40.2 %
-547M
0M
60M
1,245M
389M
856M
884M
1,103M
1,104M
431M
18M
264M
-644M
0M
538M
-741M
436M
39.42 %
-853M
0M
555M
856M
-15M
871M
565M
2,493M
843M
436M
95M
289M
959M
0M
668M
-1,474M
830M
98.72 %
-669M
0M
66M
871M
77M
794M
1,825M
1,513M
1,128M
432M
369M
-91M
-637M
0M
788M
-1,074M
8M
0.96 %
-419M
0M
-657M
794M
-345M
1,139M
725M
112M
1,038M
441M
239M
-1,494M
-84M
0M
841M
70M
401M
38.54 %
-620M
0M
1,081M
1,139M
194M
945M
-729M
1,436M
1,061M
436M
0M
218M
-236M
0M
860M
-1,050M
405M
38.14 %
-554M
0M
-137M
945M
-179M
1,124M
576M
2,528M
975M
439M
0M
199M
877M
0M
596M
-1,797M
763M
78.65 %
-867M
0M
-175M
1,124M
-245M
1,369M
1,932M
1,242M
1,049M
431M
0M
108M
-896M
0M
577M
-1,504M
1M
0 %
-525M
0M
-691M
1,369M
-339M
1,708M
665M
471M
953M
412M
0M
34M
-906M
0M
567M
-19M
359M
37.21 %
-549M
0M
1,099M
1,708M
448M
1,260M
-96M
1,751M
986M
403M
0M
126M
284M
0M
528M
-880M
362M
36.36 %
-574M
0M
142M
1,260M
581M
679M
1,223M
2,329M
882M
398M
0M
109M
943M
0M
515M
-1,772M
671M
75.64 %
-831M
0M
72M
679M
-60M
739M
1,814M
1,219M
866M
389M
0M
325M
-437M
0M
614M
49M
281M
32.47 %
-218M
0M
726M
739M
-2,084M
2,823M
605M
972M
890M
383M
0M
140M
-463M
0M
524M
-872M
306M
34.62 %
-347M
0M
-96M
2,823M
-489M
3,312M
448M
1,317M
818M
385M
0M
201M
-84M
0M
470M
-558M
313M
38.89 %
-366M
0M
72M
3,312M
489M
2,823M
847M
1,823M
759M
386M
0M
223M
261M
0M
519M
-633M
308M
40.3 %
-379M
0M
77M
2,823M
-128M
2,951M
1,304M
486M
856M
387M
0M
216M
-1,209M
0M
432M
-565M
272M
31.58 %
-42M
0M
76M
2,951M
-157M
3,108M
54M
1,590M
739M
384M
0M
80M
228M
0M
464M
-422M
282M
38.46 %
-158M
0M
78M
3,108M
923M
2,185M
1,126M
1,097M
692M
391M
0M
198M
-254M
0M
451M
-314M
235M
34.43 %
-44M
0M
33M
2,185M
50M
2,135M
646M
1,473M
611M
387M
0M
238M
385M
0M
600M
-879M
237M
38.89 %
-154M
0M
148M
2,135M
-76M
2,211M
873M
1,735M
1,430M
378M
0M
-637M
482M
0M
412M
-487M
211M
15.08 %
-32M
0M
72M
2,211M
759M
1,452M
1,323M
870M
578M
373M
0M
124M
-216M
0M
292M
-315M
213M
37.25 %
-56M
0M
122M
1,452M
48M
1,404M
578M
1,335M
611M
362M
0M
159M
110M
0M
330M
-563M
212M
35.19 %
-153M
0M
7M
1,404M
262M
1,142M
1,005M
1,687M
563M
351M
0M
182M
615M
0M
624M
-725M
213M
38 %
-363M
0M
136M
1,142M
284M
858M
1,063M
-209M
645M
379M
0M
106M
-1,799M
0M
441M
-263M
212M
33.33 %
-303M
0M
467M
858M
-445M
1,303M
-650M
814M
568M
361M
0M
121M
-303M
0M
690M
-798M
214M
38 %
-681M
0M
480M
1,303M
-759M
2,062M
124M
1,589M
630M
338M
0M
173M
375M
0M
726M
-67M
215M
34.55 %
-413M
0M
680M
2,062M
744M
1,318M
863M
-295M
724M
309M
0M
122M
-1,378M
0M
900M
-486M
192M
26.98 %
-582M
0M
645M
879M
-791M
1,670M
-1,195M
-295M
724M
309M
0M
0M
-865M
0M
900M
-486M
192M
26.56 %
-582M
0M
-9M
879M
-791M
1,670M
-1,195M
359M
702M
294M
0M
151M
-719M
0M
584M
-601M
194M
28.33 %
-478M
0M
524M
1,670M
-711M
2,381M
-225M
1,318M
695M
287M
0M
175M
180M
0M
348M
-542M
194M
28.33 %
-281M
0M
31M
2,381M
-90M
2,471M
970M
1,360M
813M
283M
0M
-115M
300M
0M
315M
-3,532M
206M
25.37 %
-4,124M
0M
970M
2,471M
-1,733M
4,204M
1,045M