Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - SECTION 906 - CFO CERTIFICATION - UNITED PARCEL SERVICE INC | ups-06302018xex322.htm |
| EX-32.1 - EXHIBIT 32.1 - SECTION 906 - CEO CERTIFICATION - UNITED PARCEL SERVICE INC | ups-06302018xex321.htm |
| EX-31.2 - EXHIBIT 31.2 - SECTION 302 - CFO CERTIFICATE - UNITED PARCEL SERVICE INC | ups-06302018xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - SECTION 302 - CEO CERTIFICATE - UNITED PARCEL SERVICE INC | ups-06302018xex311.htm |
| 10-Q - FORM 10-Q - UNITED PARCEL SERVICE INC | ups-06302018x10q.htm |
Exhibit 12
United Parcel Service, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
(dollar amounts in millions)
Six Months Ended June 30, | Year Ended December 31, | ||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 3,587 | $ | 7,137 | $ | 5,121 | $ | 7,337 | $ | 4,641 | $ | 6,666 | |||||||
Add: Interest expense | 302 | 453 | 381 | 341 | 353 | 380 | |||||||||||||
Add: Interest factor in rental expense | 68 | 268 | 229 | 223 | 225 | 192 | |||||||||||||
Total earnings | $ | 3,957 | $ | 7,858 | $ | 5,731 | $ | 7,901 | $ | 5,219 | $ | 7,238 | |||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 302 | $ | 453 | 381 | $ | 341 | $ | 353 | $ | 380 | ||||||||
Interest capitalized | 22 | 49 | 14 | 13 | 11 | 14 | |||||||||||||
Interest factor in rental expense | 68 | 268 | 229 | 223 | 225 | 192 | |||||||||||||
Total fixed charges | $ | 392 | $ | 770 | $ | 624 | $ | 577 | $ | 589 | $ | 586 | |||||||
Ratio of earnings to fixed charges | 10.1 | 10.2 | 9.2 | 13.7 | 8.9 | 12.4 | |||||||||||||