IN MILLIONS

2001

2000

% CHANGE

CAGR

(3)

Revenue

$

30,646

$

 29,771

2.9%

6.5%

Operating Expenses

$

26,684

$

25,259

5.6%

5.5%

Net Income (Adjusted)

$

2,425

(1)

$

2,795

(2)

(13.2)%

16.2%

Assets

$

24,636

$

21,662

13.7%

N/A

Capital Expenditures

$

2,372

$

2,147

10.5%

N/A

Long-Term Debt

$

4,648

$

2,981

55.9%

N/A

Shareowners' Equity

$

10,248

$

9,735

5.3%

N/A

(1)

Excludes a $26 million cumulative expense adjustment related to the adoption of a new accounting standard. Actual net income reported in 2001 was $2.399 billion.

(2)

Excludes several non-recurring transactions that added $139 million to 2000 net income. Actual net income reported in 2000 was $2.934 billion.

(3)

Compound Annual Growth Rate (CAGR) from 1996 to 2001.

Revenue
(in billions of dollars)

Net Income(1,2,3)
(in billions of dollars)

EBITDA(1,2,3,5)
(in billions of dollars)

Diluted EPS(1,2,3)
(in dollars)

Net Income as a % of Revenue(1,2,3)

Return on Equity(1,2,3,4)
(in percents)

(1) Excludes a $1.442 billion tax adjustment charge in 1999.

(2) Excludes several non-recurring items that added $139 million to 2000 net income.

(3) Excludes a $26 million cumulative expense adjustment related to the adoption of a new accounting standard.

(4) Excludes $5.266 billion net IPO proceeds in 1999 and 2000.

(5) EBITDA defined as Earnings Before Interest, Taxes, Depreciation, and Amortization.


©2002 United Parcel Service, Inc.