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 |
H.S. freshman Good
|
New words:
assumption, awarded, Canadian, cap, China, CNF, customary, division, exercise, fluctuate, fly, full, grew, heavy, hit, leading, maximum, Menlo, mentioned, multiple, notably, ocean, payable, payroll, publicly, Select, sought, Southeastern, suite, tendered, union, withholding
Removed:
attributed, claim, combined, pending, portion, recent, reduction, seek
Filing tables
Filing exhibits
Related press release
UPS similar filings
Filing view
External links
Exhibit 12
United Parcel Service, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
|
| Nine Months Ended |
| ||||
(in millions) |
| 2004 |
| 2003 |
| ||
Earnings: |
|
|
|
|
| ||
Earnings before income taxes and accounting changes |
| $ | 3,730 |
| $ | 3,073 |
|
Add: Interest expense |
| 112 |
| 94 |
| ||
Add: One-third of rental expense (a) |
| 171 |
| 169 |
| ||
Total earnings |
| $ | 4,013 |
| $ | 3,336 |
|
|
|
|
|
|
| ||
Fixed Charges: |
|
|
|
|
| ||
Interest expense |
| $ | 112 |
| $ | 94 |
|
Interest capitalized |
| 18 |
| 21 |
| ||
One-third of rental expense (a) |
| 171 |
| 169 |
| ||
Total fixed charges |
| $ | 301 |
| $ | 284 |
|
|
|
|
|
|
| ||
Ratio of Earnings to Fixed Charges |
| 13.3 |
| 11.7 |
|
(a) Considered to be representative of interest factor in rental expense.