8-K/AEarnings & ResultsExhibits & Filings

UNITED PARCEL SERVICE INC 8-K/A Report, Financial Results (Feb 2, 2012)

Filed February 2, 2012For Securities:UPS

Summary

This 8-K/A filing from United Parcel Service, Inc. (UPS) primarily serves to amend and revise previously reported financial data. Specifically, the company is updating restated summary financial statement data for the years 2007-2011, which was initially furnished on January 27, 2012, as part of a press release announcing a change in accounting method for pension and postretirement medical benefit plans. The revisions impact as-adjusted income before income taxes for the fourth quarter and full year of 2008, and as-adjusted diluted earnings per share for the fourth quarter of 2007. Investors should note that these are revisions to previously provided data, not new operational or financial results for the current period. The company is providing updated historical data to reflect the accounting change accurately.

Key Highlights

  • 1UPS is amending and revising previously reported financial data in this 8-K/A filing.
  • 2The revision pertains to restated summary financial statement data for the years 2007-2011.
  • 3The updated data reflects a change in accounting method for pension and postretirement medical benefit plans.
  • 4Specific revisions impact as-adjusted income before income taxes for Q4 and full-year 2008.
  • 5As-adjusted diluted earnings per share for Q4 2007 is also revised.
  • 6This filing provides updated historical financial information, not current quarter results.
  • 7The revised data is attached as Exhibit 99.1 to this filing.

Frequently Asked Questions

The primary purpose of this 8-K/A filing is to revise and amend previously reported summary financial statement data for the years 2007-2011. This revision is due to a change in UPS's accounting method for pension and postretirement medical benefit plans.

The revisions affect the as-adjusted income before income taxes for the fourth quarter and the full year of 2008. Additionally, the as-adjusted diluted earnings per share for the fourth quarter of 2007 has been revised.

No, this filing does not contain new operational or financial performance for a recent period. It exclusively provides revised historical financial data to correct previous disclosures made in light of the accounting method change.

The revised restated summary financial statement data for the years 2007-2011 is attached as Exhibit 99.1 to this Form 8-K/A filing.