UPS » Topics » Note 12. Other Operating Expenses

This excerpt taken from the UPS 10-Q filed Nov 6, 2006.

Note 12. Other Operating Expenses

The major components of other operating expenses for the three and nine months ended September 30, 2006 and 2005 are as follows (in millions):

 

     Three Months
Ended September 30,
   Nine Months
Ended September 30,
         2006            2005            2006            2005    

Repairs and Maintenance

   $ 278    $ 277    $ 856    $ 807

Depreciation and Amortization

     441      412      1,316      1,213

Purchased Transportation

     1,312      1,020      3,941      2,754

Fuel

     722      552      1,968      1,407

Other Occupancy

     222      209      696      636

Other Expenses

     1,203      979      3,399      2,989
                           

Total Other Operating Expenses

   $ 4,178    $ 3,449    $ 12,176    $ 9,806
                           
This excerpt taken from the UPS 10-Q filed Aug 4, 2006.

Note 12. Other Operating Expenses

The major components of other operating expenses for the three and six months ended June 30, 2006 and 2005 are as follows (in millions):

 

     Three Months
Ended June 30,
   Six Months
Ended June 30,
     2006    2005    2006    2005

Repairs and Maintenance

   $ 289    $ 271    $ 578    $ 530

Depreciation and Amortization

     436      403      875      801

Purchased Transportation

     1,358      887      2,629      1,734

Fuel

     668      465      1,246      855

Other Occupancy

     222      201      474      427

Other Expenses

     1,078      1,026      2,196      2,010
                           

Total Other Operating Expenses

   $ 4,051    $ 3,253    $ 7,998    $ 6,357
                           
This excerpt taken from the UPS 10-Q filed May 10, 2006.

Note 12. Other Operating Expenses

The major components of other operating expenses for the three months ended March 31, 2006 and 2005 are as follows (in millions):

 

     Three Months
Ended March 31,
     2006    2005

Repairs and maintenance

   $ 289    $ 259

Depreciation and amortization

     439      398

Purchased transportation

     1,271      847

Fuel

     578      390

Other occupancy

     252      226

Other expenses

     1,118      984
             
   $ 3,947    $ 3,104
             

 

15


UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

This excerpt taken from the UPS 10-K filed Mar 14, 2006.

NOTE 13. OTHER OPERATING EXPENSES

 

The major components of other operating expenses for the years ended December 31 are as follows (in millions):

 

     2005

   2004

   2003

Repairs and maintenance

   $ 1,097    $ 1,005    $ 955

Depreciation and amortization

     1,644      1,543      1,549

Purchased transportation

     4,050      2,059      1,828

Fuel

     2,085      1,416      1,050

Other occupancy

     872      752      730

Other expenses

     4,173      3,995      3,677
    

  

  

     $ 13,921    $ 10,770    $ 9,789
    

  

  

 

In 2005, we reclassified certain amounts between “other expenses” and “compensation and benefits” expense, related to the capitalization of internally-developed software. Amounts were also reclassified in all prior periods for consistent presentation in our consolidated income statement. The reclassification had the effect of increasing other expenses, and reducing compensation and benefits expense, by $92, $93, and $77 million in 2005, 2004, and 2003, respectively.

 

F-35


Index to Financial Statements

UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

This excerpt taken from the UPS 10-Q filed Nov 9, 2005.

Note 12. Other Operating Expenses

 

The major components of other operating expenses for the three and nine months ended September 30, 2005 and 2004 are as follows (in millions):

 

     Three Months Ended
September 30,


   Nine Months Ended
September 30,


     2005

   2004

   2005

   2004

Repairs and maintenance

   $ 277    $ 249    $ 807    $ 753

Depreciation and amortization

     412      383      1,213      1,154

Purchased transportation

     1,020      489      2,754      1,444

Fuel

     552      350      1,407      970

Other occupancy

     209      173      636      552

Other expenses

     956      911      2,916      2,698
    

  

  

  

Consolidated

   $ 3,426    $ 2,555    $ 9,733    $ 7,571
    

  

  

  

 

This excerpt taken from the UPS 10-Q filed Aug 9, 2005.

Note 11. Other Operating Expenses

 

The major components of other operating expenses for the three and six months ended June 30, 2005 and 2004 are as follows (in millions):

 

     Three Months Ended
June 30,


   Six Months Ended
June 30,


         2005    

       2004    

       2005    

       2004    

Repairs and maintenance

   $ 271    $ 253    $ 530    $ 504

Depreciation and amortization

     403      385      801      771

Purchased transportation

     887      474      1,734      955

Fuel

     465      320      855      620

Other occupancy

     201      170      427      379

Other expenses

     999      880      1,960      1,787
    

  

  

  

Consolidated

   $ 3,226    $ 2,482    $ 6,307    $ 5,016
    

  

  

  

 

This excerpt taken from the UPS 8-K filed May 17, 2005.

NOTE 13. OTHER OPERATING EXPENSES

 

The major components of other operating expenses for the years ended December 31 are as follows (in millions):

 

     2004

   2003

   2002

Repairs and maintenance

   $ 1,005    $ 955    $ 873

Depreciation and amortization

     1,543      1,549      1,464

Purchased transportation

     2,059      1,828      1,665

Fuel

     1,416      1,050      952

Other occupancy

     752      730      653

Restructuring charge and related expenses

     —        9      106

Other expenses

     3,902      3,591      3,523
    

  

  

     $ 10,677    $ 9,712    $ 9,236
    

  

  

 

        In the fourth quarter of 2002, we initiated a restructuring program to combine UPS Freight Services and the UPS Logistics Group into a single business unit (“Freight services and logistics”) within our supply chain solutions segment. In connection with this restructuring program, we also recorded certain costs related to the integration of activities between our financial services business and First International Bank, which was acquired in 2001. The program was designed to facilitate business growth, streamline management decision-making, reduce the cost structure, and provide higher levels of service to our customers. Costs of the program

 

F-32


included employee severance costs, asset impairments, costs associated with the consolidation of facilities, and other costs directly related to the restructuring program. As of December 31, 2003, the restructuring program was substantially complete.

 

This excerpt taken from the UPS 10-Q filed May 10, 2005.

Note 11. Other Operating Expenses

 

The major components of other operating expenses for the three months ended March 31, 2005 and 2004 are as follows (in millions):

 

     Three Months Ended
March 31,


     2005

   2004

Repairs and maintenance

   $ 259    $ 251

Depreciation and amortization

     398      386

Purchased transportation

     847      481

Fuel

     390      300

Other occupancy

     226      209

Other expenses

     961      907
    

  

Consolidated

   $ 3,081    $ 2,534
    

  

 

13


UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

This excerpt taken from the UPS 10-K filed Mar 14, 2005.

NOTE 13. OTHER OPERATING EXPENSES

 

The major components of other operating expenses for the years ended December 31 are as follows (in millions):

 

     2004

   2003

   2002

Repairs and maintenance

   $ 1,005    $ 955    $ 873

Depreciation and amortization

     1,543      1,549      1,464

Purchased transportation

     2,059      1,828      1,665

Fuel

     1,416      1,050      952

Other occupancy

     752      730      653

Restructuring charge and related expenses

     —        9      106

Other expenses

     3,902      3,591      3,523
    

  

  

     $ 10,677    $ 9,712    $ 9,236
    

  

  

 

F-35


UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

In the fourth quarter of 2002, we initiated a restructuring program to combine UPS Freight Services and the UPS Logistics Group into a single business unit (“UPS Supply Chain Solutions”). In connection with this restructuring program, we also recorded certain costs related to the integration of activities between UPS Capital and First International Bank. The program was designed to facilitate business growth, streamline management decision-making, reduce the cost structure, and provide higher levels of service to our customers. Costs of the program included employee severance costs, asset impairments, costs associated with the consolidation of facilities, and other costs directly related to the restructuring program. As of December 31, 2003, the restructuring program was substantially complete.

 

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