United Parcel Service, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company's total revenue was $14,571 million against $14,166 million a year ago. Total operating loss was $2,782 million against total operating profit of $1,197 million a year ago. Loss before income taxes was $2,885 million against profit before income taxes of $1,109 million a year ago. Net loss was $1,748 million or $1.83 per basic and diluted share against net profit of $725 million or $1.74 per diluted share a year ago. Adjusted total operating profit was $2,049 million against $2,024 million a year ago. Adjusted income before income taxes was $1,946 million against $1,936 million a year ago. Adjusted net income was $1,275 million or $1.32 per diluted share against $1,252 million or $1.28 per diluted share a year ago.

For the year, the company's total revenue was $54,127 million against $53,105 million a year ago. Total operating profit was $1,343 million against $6,080 million a year ago. Profit before income taxes was $974 million against $5,776 million a year ago. Net profit was $807 million or $0.83 per diluted share against net profit of $3,804 million or $3.84 per diluted share a year ago. Adjusted total operating profit was $7,070 million against $6,874 million a year ago. Adjusted income before income taxes was $6,701 million against $6,570 million a year ago. Adjusted net income was $4,389 million or $4.53 per diluted share against $4,311 million or $4.35 per diluted share a year ago. Net cash from operations was $7,213 million. Capital expenditures were $2,153 million.

The company provided earnings guidance for the year 2013. For the year, the company is anticipating earnings per share in the range of $4.80 to $5.06, an increase of 6% to 12%. Revenue is expected to be up mid-single digits, with base rate improvements of 2% to 3%. The company anticipated an operating margin approaching 14%, resulting in profit growth at a mid-single-digit pace. The company expects overall tax rate for 2013 should be between 34% and 35%. Regarding CapEx for the full year, the company expect spending to be $2.4 billion, keeping at approximately 4% of revenue. The company will continue to raise the bar with expected full year earnings per share growth of 6% to 12%.