United Parcel Service Cash Flow Statement
UPS / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
United Parcel Service generated $8.4B in operating cash flow and $4.8B in free cash flow in FY2025. Free cash flow margin was 5.4% of revenue.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 34.8%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $5.6B | $5.8B | $6.7B | $11.5B | $12.9B | $1.3B | $4.4B | $4.8B | $4.9B | $3.4B | $4.8B | $3.0B | $4.4B | $807.0M | $2.0B |
| Depreciation & Amortization | $3.0B | $3.0B | $2.8B | $3.2B | $3.0B | $2.7B | $2.4B | $2.2B | $2.3B | $2.2B | $2.1B | $1.9B | $1.9B | $1.9B | $1.7B |
| Operating Cash Flow | $8.4B | $10.1B | $10.2B | $14.1B | $15.0B | $10.5B | $8.6B | $12.7B | $1.5B | $6.5B | $7.4B | $5.7B | $7.3B | $7.2B | $5.3B |
| Capital Expenditures | $3.7B | $3.9B | $5.2B | $4.8B | $4.2B | $5.4B | $6.4B | $6.3B | $5.2B | $3.0B | $2.4B | $2.3B | $2.1B | $2.2B | $1.6B |
| Free Cash Flow | $4.8B | $6.2B | $5.1B | $9.3B | $10.8B | $5.0B | $2.3B | $6.4B | -$3.7B | $3.5B | $5.1B | $3.4B | $5.2B | $5.1B | $3.7B |
| Share Buybacks | $1.0B | $500.0M | $2.3B | $3.5B | $500.0M | $224.0M | $1.0B | $1.0B | $1.8B | $2.7B | $2.7B | $2.7B | $3.8B | $1.6B | $561.0M |
| Dividends Paid | $5.4B | $5.4B | $5.4B | $5.1B | $3.4B | $3.4B | $3.2B | $3.0B | $2.8B | $2.6B | $2.5B | $2.4B | $2.3B | $2.1B | $1.8B |
| FCF Margin | 5.4% | 6.8% | 5.6% | 9.3% | 11.1% | 6.0% | 3.0% | 8.9% | -24.5% | 5.8% | 8.6% | 5.8% | 9.4% | 9.3% | 8.1% |