For the quarter ending 2026-03-31, UPS had -$85M decrease in cash & cash equivalents over the period. $1,193M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 864 | 1,791 | 1,311 | 1,283 |
| Depreciation and amortization | 985 | 972 | 926 | 936 |
| Pension and postretirement benefit expense | 215 | 246 | 249 | 257 |
| Pension and postretirement benefit contributions | 79 | 23 | 417 | 854 |
| Self-insurance reserves | 16 | 160 | -93 | 168 |
| Deferred tax (benefit) expense | 45 | 26 | 50 | -44 |
| Stock compensation expense | 24 | 32 | 25 | -5 |
| Other (gains) losses | -73 | -268 | 219 | -42 |
| Accounts receivable | -1,085 | 1,236 | -314 | 420 |
| Other assets | 27 | -145 | -60 | 147 |
| Accounts payable | -495 | 611 | -359 | 464 |
| Accrued wages and withholdings | -453 | 229 | 245 | -77 |
| Other liabilities | 29 | 11 | 381 | -1,210 |
| Other operating activities | 58 | -70 | -9 | 45 |
| Net cash from operating activities | 2,224 | 3,302 | 2,482 | 348 |
| Capital expenditures | 1,031 | 716 | 970 | 1,123 |
| Proceeds from disposal of businesses, property, plant and equipment | 82 | 115 | 494 | 26 |
| Purchases of marketable securities | 0 | 0 | 0 | 0 |
| Sales and maturities of marketable securities | 0 | 64 | 24 | 171 |
| Acquisitions, net of cash acquired | 0 | 1,489 | 0 | 1 |
| Other investing activities | -5 | -25 | 4 | -4 |
| Net cash used in investing activities | -944 | -2,001 | -456 | -923 |
| Net change in short-term debt | - | 0 | 0 | 0 |
| Proceeds from long-term borrowings | 0 | 0 | 0 | 4,128 |
| Repayments of long-term borrowings | 46 | 924 | 83 | 1,030 |
| Purchases of common stock | 0 | 0 | 0 | 0 |
| Issuances of common stock | 28 | 26 | 31 | 47 |
| Dividends | 1,352 | 1,353 | 1,348 | 1,349 |
| Other financing activities | 42 | 57 | -28 | -2 |
| Net cash used in financing activities | -1,328 | -2,194 | -1,428 | 1,794 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -37 | 16 | -28 | 173 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | - | - | - | 82 |
| Net decrease in cash, cash equivalents and restricted cash | -85 | -877 | 1,962 | - |
| Beginning of period | 5,887 | -652 | -82 | 6,112 |
| End of period | 5,802 | -877 | 570 | 6,194 |
UNITED PARCEL SERVICE INC (UPS)
UNITED PARCEL SERVICE INC (UPS)