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
Q3
11/30/2019
Q2
8/31/2019
Q1
5/31/2019
Q4
2/28/2019
Q3
11/30/2018
Q2
8/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7662,0312,3892,3192,8722,1232,369
Cash and cash equivalents1,7662,0312,3892,3192,8722,1232,369
Receivables9,3239,7099,3129,1169,0379,5738,716
Other undisclosed current assets1,4521,4581,3161,6511,5911,7421,556
Total current assets:12,54113,19813,01713,08613,50013,43812,641
Noncurrent Assets
Operating lease, right-of-use asset13,98114,097   
Property, plant and equipment33,30632,40831,61030,42929,76829,38728,779
Intangible assets, net (including goodwill)6,8146,8616,8217,3006,9166,9086,869
Goodwill6,8146,8616,8216,8846,9166,9086,869
Intangible assets, net (excluding goodwill)   416   
Other noncurrent assets3,3723,3903,1854,0044,2803,5563,612
Other undisclosed noncurrent assets  13,819(416)   
Total noncurrent assets:57,47356,75655,43541,31740,96439,85139,260
TOTAL ASSETS:70,01469,95468,45254,40354,46453,28951,901
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,0888,4538,0048,0498,0588,6047,903
Accounts payable3,1933,2833,1793,0303,1563,4003,066
Accrued liabilities3,4233,5383,3033,2783,2433,3543,151
Employee-related liabilities1,4721,6321,5221,7411,6591,8501,686
Deferred revenue1010   
Debt335166359641,1988921,703
Contract with customer, liability10  
Other undisclosed current liabilities1,8921,9181,886    
Total current liabilities:10,32510,5479,9359,0139,2569,4969,606
Noncurrent Liabilities
Long-term debt and lease obligation, including:18,97318,69118,72616,61717,21816,39915,241
Long-term debt, excluding current maturities6,5526,7036,5358,1955,1105,0975,233
Finance lease, liability43792   
Operating lease, liability12,23212,432   
Other undisclosed long-term debt and lease obligation(248)(536)12,1918,42212,10811,30210,008
Liabilities, other than long-term debt, including:21,88522,05721,62511,0168,0968,1007,881
Deferred rent credit   531512605557
Deferred tax liabilities, net1,481  
Liability, pension and other postretirement and postemployment benefits4,1654,1564,1325,0951,8471,7351,963
Other liabilities454476479571547526448
Other undisclosed liabilities, other than long-term debt17,26617,42517,0143,3385,1905,2344,913
Total noncurrent liabilities:40,85840,74840,35127,63325,31424,49923,122
Total liabilities:51,18351,29550,28636,64634,57033,99532,728
Stockholders' equity
Stockholders' equity attributable to parent18,83118,65918,16617,75719,89419,29419,173
Common stock32323232323232
Treasury stock, value(9,207)(9,225)(9,253)(9,289)(9,260)(9,186)(8,565)
Additional paid in capital3,3243,2873,2573,2313,2093,1853,154
Accumulated other comprehensive loss(887)(866)(918)(865)(737)(817)(763)
Retained earnings25,56925,43125,04824,64826,65026,08025,315
Total stockholders' equity:18,83118,65918,16617,75719,89419,29419,173
TOTAL LIABILITIES AND EQUITY:70,01469,95468,45254,40354,46453,28951,901

Income statement (P&L) ($ in millions)

2/29/2020
Q3
11/30/2019
Q2
8/31/2019
Q1
5/31/2019
Q4
2/28/2019
Q3
11/30/2018
Q2
8/31/2018
Q1
Revenues17,48717,32417,04817,80717,01017,82417,052
Cost of revenue(14,369)(14,049)(13,447)(9,643)(13,616)(14,073)(13,497)
Cost of goods and services sold(1,563)(1,664)(4,028)(4,088)(4,253)(4,346)(3,967)
Gross profit:3,1183,2753,6018,1643,3943,7513,555
Operating expenses(2,707)(2,721)(2,624)(6,848)(2,483)(2,583)(2,484)
Operating income:4115549771,3169111,1681,071
Nonoperating income (expense)91819(3,870)20930
Net periodic defined benefits expense (reversal of expense), excluding service cost component168168168 158158158
Other nonoperating income (expense)(4)1(12) (3)(20)(16)
Interest and debt expense(6)(1)     
Other undisclosed income from continuing operations before equity method investments, income taxes61     
Income (loss) from continuing operations before income taxes:420572996(2,554)9311,1771,101
Income tax expense (benefit)(105)(12)(251)585(192)(242)(266)
Net income (loss) attributable to parent:315560745(1,969)739935835
Other undisclosed net income (loss) available to common stockholders, basic(1)(1)(1)2(1)(2)(1)
Net income (loss) available to common stockholders, diluted:314559744(1,967)738933834

Comprehensive Income ($ in millions)

2/29/2020
Q3
11/30/2019
Q2
8/31/2019
Q1
5/31/2019
Q4
2/28/2019
Q3
11/30/2018
Q2
8/31/2018
Q1
Net income (loss):315560745(1,969)739935835
Other comprehensive income (loss)13(1)914(2) 17
Comprehensive income (loss):328559754(1,955)737935852
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(34)53(113)(142)82(54)(202)
Comprehensive income (loss), net of tax, attributable to parent:294612641(2,097)819881650

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.

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