1、UPS Annual Report 200555 Glenlake Parkway,NEAtlanta,GA 30328-UPS Annual Report 200530%post-consumer content25070_Cover.indd 125070_Cover.indd 13/13/06 7:45:23 PM3/13/06 7:45:23 PMUPS is the worlds largest package delivery company and a global leader in supply chain services,operating in over 200 cou
2、ntries and territories.UPS provides time-defi nite delivery of a single letter,small package,less-than-truckload(LTL)or truckload freight:-via air or ground -anywhere in the worldUPS supply chain services manage a customers behind-the-scenes movement of goods anywhere around the world,and in some ca
3、ses even repair those products:-shipping via air,sea,ground,and rail -managing international trade-overseeing customs brokerage -fi lling orders-handling returns-fi nancing business growth-Record revenue,operating profi t and earnings per share.-Highest volume in UPS history 3.75 billion packages.-F
4、ree cash fl ow of$3.6 billion.*-Signifi cant expansion of the UPS service portfolio time-defi nite delivery of air freight and less-than-truckload freight transportation through acquisitions.-Strengthened international small package operations in Europe and Asia through acquisitions and the buy out
5、of a joint venture.*See page 10 for a reconciliation of free cash fl ow.Copyright 2006 United Parcel Service of America,Inc.All rights reserved.(in millions,except for per-share amounts)2005 2004%Change Revenue$42,581$36,582 16.4 Operating expenses 36,438 31,593 15.3 Net income 3,870 3,333 16.1 Dilu
6、ted earnings per share 3.47 2.93 18.4 Dividends declared per share 1.32 1.12 17.9 Assets 35,222 33,088 6.4 Long-term debt 3,159 3,261 (3.1)Shareowners equity 16,884 16,378 3.1 Capital expenditures 2,187 2,127 2.8 Cash and investments 3,041 5,197(41.5)Selected Financial HighlightsForm 10-KOur Annual