FedEx Corporation (FDX) financial statements (2020 and earlier)
Company profile
| Business Address |
942 SOUTH SHADY GROVE ROAD MEMPHIS, TN 38120- |
| State of Incorp. | DE |
| Fiscal Year End | May 31 |
| SIC | 4513 - Air Courier Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 2/29/2020 TTM | 11/30/2019 TTM | 5/31/2019 | 5/31/2018 | 5/31/2017 | 5/31/2016 | 5/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,766 | 2,031 | 2,319 | 3,265 | 3,969 | 3,534 | 3,763 | ||
| Cash and cash equivalents | 1,766 | 2,031 | 2,319 | 3,265 | 3,969 | 3,534 | 3,763 | ||
| Receivables | 9,323 | 9,709 | 9,116 | 8,481 | 7,599 | 7,252 | 5,719 | ||
| Deferred tax assets | ✕ | ✕ | 606 | ||||||
| Other undisclosed current assets | 1,452 | 1,458 | 1,651 | 1,595 | 1,060 | 1,203 | 853 | ||
| Total current assets: | 12,541 | 13,198 | 13,086 | 13,341 | 12,628 | 11,989 | 10,941 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 13,981 | 14,097 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 33,306 | 32,408 | 30,429 | 28,154 | 25,981 | 24,284 | 20,875 | ||
| Intangible assets, net (including goodwill) | 6,814 | 6,861 | 7,300 | 7,453 | 7,683 | 6,747 | 4,017 | ||
| Goodwill | 6,814 | 6,861 | 6,884 | 6,973 | 7,154 | 6,747 | 3,810 | ||
| Intangible assets, net (excluding goodwill) | 416 | 480 | 529 | 207 | |||||
| Other noncurrent assets | 3,372 | 3,390 | 4,004 | 3,862 | 2,789 | 3,044 | 1,443 | ||
| Deferred tax assets, net | ✕ | ✕ | (1,747) | ||||||
| Other undisclosed noncurrent assets | (416) | (480) | (529) | 1,540 | |||||
| Total noncurrent assets: | 57,473 | 56,756 | 41,317 | 38,989 | 35,924 | 34,075 | 26,128 | ||
| TOTAL ASSETS: | 70,014 | 69,954 | 54,403 | 52,330 | 48,552 | 46,064 | 37,069 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 8,088 | 8,453 | 8,049 | 8,285 | 7,896 | 7,979 | 6,266 | ||
| Accounts payable | 3,193 | 3,283 | 3,030 | 2,977 | 2,752 | 2,944 | 2,066 | ||
| Accrued liabilities | 3,423 | 3,538 | 3,278 | 3,131 | 3,230 | 3,063 | 2,436 | ||
| Employee-related liabilities | 1,472 | 1,632 | 1,741 | 2,177 | 1,914 | 1,972 | 1,436 | ||
| Taxes payable | 328 | ||||||||
| Deferred revenue | 10 | 10 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 335 | 166 | 964 | 1,342 | 22 | 29 | 19 | ||
| Other undisclosed current liabilities | 1,892 | 1,918 | (328) | ||||||
| Total current liabilities: | 10,325 | 10,547 | 9,013 | 9,627 | 7,918 | 8,008 | 5,957 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 18,973 | 18,691 | 16,617 | 15,243 | 14,909 | 13,838 | 7,249 | ||
| Long-term debt, excluding current maturities | 6,552 | 6,703 | 8,195 | 5,177 | 7,167 | ||||
| Finance lease, liability | 437 | 92 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 12,232 | 12,432 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (248) | (536) | 8,422 | 10,066 | 7,742 | 13,838 | 7,249 | ||
| Liabilities, other than long-term debt, including: | 21,885 | 22,057 | 11,016 | 8,044 | 9,652 | 10,434 | 8,689 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 551 | 531 | 400 | 711 | ||
| Deferred rent credit | 531 | ✕ | ✕ | ✕ | ✕ | ||||
| Deferred tax liabilities, net | ✕ | ✕ | 1,481 | 1,604 | 1,810 | 1,132 | 1,747 | ||
| Liability, pension and other postretirement and postemployment benefits | 4,165 | 4,156 | 5,095 | 2,187 | 4,487 | 6,227 | 4,893 | ||
| Other liabilities | 454 | 476 | 571 | 534 | 518 | 771 | 218 | ||
| Self insurance reserve | 1,314 | 1,120 | |||||||
| Other undisclosed liabilities, other than long-term debt | 17,266 | 17,425 | 3,338 | 3,168 | 2,306 | 590 | |||
| Total noncurrent liabilities: | 40,858 | 40,748 | 27,633 | 23,287 | 24,561 | 24,272 | 15,938 | ||
| Total liabilities: | 51,183 | 51,295 | 36,646 | 32,914 | 32,479 | 32,280 | 21,895 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 18,831 | 18,659 | 17,757 | 19,416 | 16,073 | 13,784 | 14,993 | ||
| Common stock | 32 | 32 | 32 | 32 | 32 | 32 | 32 | ||
| Treasury stock, value | (9,207) | (9,225) | (9,289) | (7,978) | (7,382) | (7,342) | (4,897) | ||
| Additional paid in capital | 3,324 | 3,287 | 3,231 | 3,117 | 3,005 | 2,892 | 2,786 | ||
| Accumulated other comprehensive income (loss) | (887) | (866) | (865) | (578) | (415) | (169) | 172 | ||
| Retained earnings | 25,569 | 25,431 | 24,648 | 24,823 | 20,833 | 18,371 | 16,900 | ||
| Total stockholders' equity: | 18,831 | 18,659 | 17,757 | 19,416 | 16,073 | 13,784 | 14,993 | ||
| Other undisclosed liabilities and equity | 181 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 70,014 | 69,954 | 54,403 | 52,330 | 48,552 | 46,064 | 37,069 | ||
Income statement (P&L) ($ in millions)
| 2/29/2020 TTM | 11/30/2019 TTM | 5/31/2019 | 5/31/2018 | 5/31/2017 | 5/31/2016 | 5/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 69,666 | 69,189 | 69,693 | 65,450 | 60,319 | 50,365 | 47,453 | |
| Cost of revenue | (51,508) | (50,755) | (50,690) | (23,746) | (24,988) | (9,966) | (5,819) | |
| Cost of goods and services sold | (11,343) | (14,033) | (16,654) | (21,097) | (18,777) | (9,966) | (5,819) | |
| Gross profit: | 18,158 | 18,434 | 19,003 | 41,704 | 35,331 | 40,399 | 41,634 | |
| Operating expenses | (14,900) | (14,676) | (14,537) | (36,834) | (30,294) | (47,288) | (45,586) | |
| Other undisclosed operating income | 9,966 | 5,819 | ||||||
| Operating income: | 3,258 | 3,758 | 4,466 | 4,870 | 5,037 | 3,077 | 1,867 | |
| Nonoperating expense | (3,824) | (3,813) | (3,811) | (517) | (458) | (337) | (240) | |
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 504 | 494 | (3,251) | ✕ | ✕ | ✕ | ✕ | |
| Interest and debt expense | (7) | (1) | (588) | (558) | (512) | (336) | (235) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 7 | 1 | 588 | 558 | 512 | 336 | 235 | |
| Income (loss) from continuing operations before income taxes: | (566) | (55) | 655 | 4,353 | 4,579 | 2,740 | 1,627 | |
| Income tax expense (benefit) | 217 | 130 | (115) | 219 | (1,582) | (920) | (577) | |
| Net income (loss) attributable to parent: | (349) | 75 | 540 | 4,572 | 2,997 | 1,820 | 1,050 | |
| Other undisclosed net loss available to common stockholders, basic | (1) | (1) | (1) | (6) | (4) | (2) | (2) | |
| Net income (loss) available to common stockholders, diluted: | (350) | 74 | 539 | 4,566 | 2,993 | 1,818 | 1,048 | |
Comprehensive Income ($ in millions)
| 2/29/2020 TTM | 11/30/2019 TTM | 5/31/2019 | 5/31/2018 | 5/31/2017 | 5/31/2016 | 5/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (349) | 75 | 540 | 4,572 | 2,997 | 1,820 | 1,050 | |
| Other comprehensive income (loss) | 35 | 20 | 57 | (163) | (246) | (341) | (334) | |
| Comprehensive income (loss): | (314) | 95 | 597 | 4,409 | 2,751 | 1,479 | 716 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (236) | (120) | (344) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (550) | (25) | 253 | 4,409 | 2,751 | 1,479 | 716 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.