Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Good
|
New words:
appeal, consecutive, died, director, earlier, FSP, gasoline, half, law, negatively, passed, region, rejected, representing, Robert, significantly, strongest, substantive, superceded, Teeter, terminated, unleaded
Removed:
Commission, reflect, yield
Filing tables
Filing exhibits
UPS similar filings
Filing view
External links
Exhibit 12
United Parcel Service, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
(in millions) |
| Six Months Ended |
| ||||
| 2004 |
| 2003 |
| |||
Earnings: |
|
|
|
|
| ||
Earnings before income taxes and accounting changes |
| $ | 2,484 |
| $ | 1,934 |
|
Add: Interest expense |
| 74 |
| 63 |
| ||
Add: One-third of rental expense (a) |
| 115 |
| 113 |
| ||
Total earnings |
| $ | 2,673 |
| $ | 2,110 |
|
|
|
|
|
|
| ||
Fixed Charges: |
|
|
|
|
| ||
Interest expense |
| $ | 74 |
| $ | 63 |
|
Interest capitalized |
| 12 |
| 15 |
| ||
One-third of rental expense (a) |
| 115 |
| 113 |
| ||
Total fixed charges |
| $ | 201 |
| $ | 191 |
|
|
|
|
|
|
| ||
Ratio of Earnings to Fixed Charges |
| 13.3 |
| 11.0 |
|
(a) Considered to be representative of interest factor in rental expense.
1