filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
The following table sets forth selected financial data for each of the five years in the period ended December 31, 2019 (in millions, except per share amounts). This financial data should be read together with our consolidated financial statements and related notes, Management’s Discussion and Analysis of Financial Condition and Results of Operations, including the Supplemental Information - Items Affecting Comparability section, and other financial data appearing elsewhere in this report.
| Years Ended December 31, | |||||||||||||||||||
| 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||||||||
| Selected Income Statement Data | |||||||||||||||||||
| Revenue: | |||||||||||||||||||
| U.S. Domestic Package | $ | 46,493 | $ | 43,593 | $ | 40,761 | $ | 38,284 | $ | 36,744 | |||||||||
| International Package | 14,220 | 14,442 | 13,342 | 12,346 | 12,142 | ||||||||||||||
| Supply Chain & Freight | 13,381 | 13,826 | 12,482 | 10,980 | 10,300 | ||||||||||||||
| Total Revenue | 74,094 | 71,861 | 66,585 | 61,610 | 59,186 | ||||||||||||||
| Operating Expenses: | |||||||||||||||||||
| Compensation and benefits | 38,908 | 37,235 | 34,577 | 32,534 | 31,448 | ||||||||||||||
| Other | 27,388 | 27,602 | 24,479 | 21,388 | 20,495 | ||||||||||||||
| Total Operating Expenses | 66,296 | 64,837 | 59,056 | 53,922 | 51,943 | ||||||||||||||
| Operating Profit: | |||||||||||||||||||
| U.S. Domestic Package | 4,164 | 3,643 | 4,303 | 4,628 | 4,427 | ||||||||||||||
| International Package | 2,657 | 2,529 | 2,429 | 2,417 | 2,123 | ||||||||||||||
| Supply Chain and Freight | 977 | 852 | 797 | 643 | 693 | ||||||||||||||
| Total Operating Profit | 7,798 | 7,024 | 7,529 | 7,688 | 7,243 | ||||||||||||||
| Other Income and (Expense): | |||||||||||||||||||
| Investment income (expense) and other | (1,493 | ) | (400 | ) | 61 | (2,186 | ) | 435 | |||||||||||
| Interest expense | (653 | ) | (605 | ) | (453 | ) | (381 | ) | (341 | ) | |||||||||
| Income Before Income Taxes | 5,652 | 6,019 | 7,137 | 5,121 | 7,337 | ||||||||||||||
| Income Tax Expense | 1,212 | 1,228 | 2,232 | 1,699 | 2,497 | ||||||||||||||
| Net Income | $ | 4,440 | $ | 4,791 | $ | 4,905 | $ | 3,422 | $ | 4,840 | |||||||||
| Per Share Amounts: | |||||||||||||||||||
| Basic Earnings Per Share | $ | 5.14 | $ | 5.53 | $ | 5.63 | $ | 3.88 | $ | 5.37 | |||||||||
| Diluted Earnings Per Share | $ | 5.11 | $ | 5.51 | $ | 5.61 | $ | 3.86 | $ | 5.34 | |||||||||
| Dividends Declared Per Share | $ | 3.84 | $ | 3.64 | $ | 3.32 | $ | 3.12 | $ | 2.92 | |||||||||
| Weighted Average Shares Outstanding: | |||||||||||||||||||
| Basic | 864 | 866 | 871 | 883 | 901 | ||||||||||||||
| Diluted | 869 | 870 | 875 | 887 | 906 | ||||||||||||||
| As of December 31, | |||||||||||||||||||
| 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||||||||
| Selected Balance Sheet Data: | |||||||||||||||||||
| Cash and marketable securities | $ | 5,741 | $ | 5,035 | $ | 4,069 | $ | 4,567 | $ | 4,726 | |||||||||
| Total assets | 57,857 | 50,016 | 45,574 | 40,545 | 38,497 | ||||||||||||||
| Long-term debt | 21,818 | 19,931 | 20,278 | 12,394 | 11,316 | ||||||||||||||
| Shareowners’ equity | 3,283 | 3,037 | 1,024 | 430 | 2,501 |
This table reflects the impact of the adoption of new accounting standards in 2018 and 2019. Refer to note 1 to the audited, consolidated financial statements.
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