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Previous: UNITED PARCEL SERVICE INC, SC TO-I/A, 2000-02-23 |
Next: CHARTER COMMUNICATIONS INC /MO/, 8-K, 2000-02-23 |
<PAGE> 1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 23, 2000
UNITED PARCEL SERVICE, INC.
(Exact Name of Registrant as Specified in its Charter)
<TABLE>
<S> <C> <C>
DELAWARE 001-15451 58-2480149
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)
</TABLE>
55 GLENLAKE PARKWAY, N.E.
ATLANTA, GEORGIA 30328
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (404) 828-6000
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
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<PAGE> 2
Item 5. Other Events
United Parcel Service, Inc., a Delaware corporation, has decided to
make publicly available prior to its filing of its Annual Report on Form 10-K
its Consolidated Balance Sheets as of December 31, 1999 and 1998. A copy of
these Consolidated Balance Sheets is attached to this Form 8-K as Exhibit 99.1
and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
Exhibit No.
99.1 Consolidated Balance Sheets of United Parcel Service,
Inc. as of December 31, 1999 and 1998
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: February 23, 2000
UNITED PARCEL SERVICE, INC.
By: /s/ Robert J. Clanin
-----------------------------------
Robert J. Clanin
Senior Vice President, Treasurer
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit
99.1 Consolidated Balance Sheets of United Parcel Service, Inc. as of
December 31, 1999 and 1998
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<PAGE> 1
EXHIBIT 99.1
CONSOLIDATED BALANCE SHEETS
UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
(IN MILLIONS, EXCEPT SHARE AND PER SHARE AMOUNTS)
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<CAPTION>
December 31,
ASSETS 1999 1998
-------- --------
<S> <C> <C>
Current Assets:
Cash and cash equivalents $ 4,204 $ 1,240
Marketable securities 2,074 389
Accounts receivable 3,167 2,713
Prepaid employee benefit costs 1,327 703
Materials, supplies and other prepaid expenses 366 380
-------- --------
Total Current Assets 11,138 5,425
-------- --------
Property, Plant and Equipment:
Vehicles 3,444 3,482
Aircraft (including aircraft under capitalized leases) 8,173 7,739
Land 656 651
Buildings 1,467 1,478
Leasehold improvements 1,902 1,803
Plant equipment 4,334 4,144
Construction-in-progress 494 257
-------- --------
20,470 19,554
Less accumulated depreciation and amortization 8,891 8,170
-------- --------
11,579 11,384
Other Assets 326 258
-------- --------
$ 23,043 $ 17,067
======== ========
LIABILITIES AND SHAREOWNERS' EQUITY
Current Liabilities:
Accounts payable $ 1,295 $ 1,322
Accrued wages and withholdings 998 1,092
Dividends payable 361 247
Tax assessment 457 --
Current maturities of long-term debt 512 410
Other current liabilities 575 646
-------- --------
Total Current Liabilities 4,198 3,717
-------- --------
Long-Term Debt (including capitalized lease obligations) 1,912 2,191
-------- --------
Accumulated Postretirement Benefit Obligation 990 969
-------- --------
Deferred Taxes, Credits and Other Liabilities 3,469 3,017
-------- --------
Shareowners' Equity:
Preferred stock, no par value, authorized 200,000,000 shares, none issued -- --
Class A common stock, par value $.01 per share, authorized 4,600,000,000 shares,
issued 1,101,295,534 and 1,118,000,000 in 1999 and 1998 11 11
Class B common stock, par value $.01 per share, authorized 5,600,000,000 shares,
issued 109,400,000 and -0- in 1999 and 1998 1 --
Additional paid-in capital 5,096 325
Retained earnings 7,536 7,325
Accumulated other comprehensive loss (170) (63)
-------- --------
12,474 7,598
Treasury stock, at cost (-0- and 23,211,904 shares in 1999 and 1998) -- (425)
-------- --------
12,474 7,173
-------- --------
$ 23,043 $ 17,067
======== ========
</TABLE>
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