The following table sets forth selected financial data for each of the five years in the period ended December 31, 2001. This financial data should be read in conjunction with our Consolidated Financial Statements, Management’s Discussion and Analysis of Financial Condition and Results of Operations, and other financial data appearing elsewhere in this report.

Selected Income Statement Data

YEARS ENDED DECEMBER 31,

IN MILLIONS EXCEPT PER SHARE AMOUNTS

 2001

 2000

 1999

1998

1997

Revenue:

   

U.S. domestic package

$

 23,997

$

 24,002 $ 22,313 $ 20,650 $ 18,868
 

International package

   4,245   4,078   3,718 3,386 3,054
 

Non-package

   2,404   1,691

 

 1,021 752 536
Total revenue
 30,646 29,771 27,052 24,788 22,458
Operating expenses:
Compensation and benefits
 17,397 16,546 15,285 14,346 13,289
Other
 9,287 8,713 7,862 7,439 7,526

Total operating expenses

   26,684   25,259 23,147   21,785 20,815
 Operating profit (loss):
      
U.S. domestic package
 3,620 3,929 3,506 2,815 1,623
 

International package

   125   277   230 30 (105)
 

Non-package

 217 306

169 158 125

Total operating profit

   3,962   4,512 3,905   3,003 1,643

Other income (expense):

Investment income
   159  527   197    126 97

Interest expense

 (184) (205)   (228) (227) (187)

Tax assessment

 — —   (1,786) — —
Income before income taxes
 3,937 4,834 2,088 2,902 1,553
Income taxes
1,512 1,900 1,205 1,161 644

FAS 133 cumulative adjustment

(26) — — — —

Net income

$

 2,399

$

 2,934

$

 883

$

 1,741

$

 909

Per share amounts:

Basic earnings per share

$

 2.13

$

 2.54

$

 0.79

$

 1.59

$

 0.82
Diluted earnings per share

$

 2.10

$

 2.50

$

 0.77

$

 1.57

$

 0.81
Dividends declared per share

$

 0.76

$

 0.68

$

 0.58

$

 0.43

$

 0.35

Weighted average shares outstanding

             
Basic
1,126 1,153 1,121 1,093 1,103

Diluted

1,144

1,175

1,141

1,108

1,116

As adjusted net income data:

Net income before impact of non-recurring items

$

 2,425 (1)

$

 2,795 (2)

$

 2,325 (3)

$

 1,741

$

 909
As a percentage of revenue

7.9

%

9.4

%

8.6

%

7.0

%

4.0

%
Basic earnings per share

$

 2.15

$

 2.42

$

 2.07

$

 1.59

$

 0.82
Diluted earnings per share

$

 2.12

$

 2.38

$

 2.04

$

 1.57

$

 0.81



Selected Balance Sheet Data

DECEMBER 31,

IN MILLIONS

 2001

 2000

 1999

1998

1997

Working capital

$

2,968

$

 2,623

$

 5,994  

$

 1,355

$

 734

Long-term debt

$

 4,648

$

 2,981

$

 1,912

$

 2,191

$

 2,583

Total assets

$

24,636

$

21,662

  

$

 23,028

$

 17,067

$

 15,912

Shareowners’ equity

$

10,248

$

9,735

 

$

 12,474

$

 7,173

$

 6,087

(1) Excludes $26 million related to the adoption of FAS 133.
(2) Excludes $139 million in net income related primarily to investment gains.
(3) Excludes a $1.442 billion tax assessment charge.


©2002 United Parcel Service, Inc.