FedEx Corporation (FDX) Financial Statements (2024 and earlier)
Company Profile
Business Address |
942 SOUTH SHADY GROVE ROAD MEMPHIS, TN 38120- |
State of Incorp. | DE |
Fiscal Year End | May 31 |
Industry (SIC) | 4513 - Air Courier Services (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
11/30/2023 Q2 | 8/31/2023 Q1 | 5/31/2023 Q4 | 2/28/2023 Q3 | 11/30/2022 Q2 | 8/31/2022 Q1 | 5/31/2022 Q4 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 7,055 | 6,856 | 5,373 | 4,646 | 6,850 | 6,897 | |||
Cash and cash equivalents | 7,055 | 6,856 | 5,373 | 4,646 | 6,850 | 6,897 | |||
Receivables | 10,207 | 10,188 | 10,721 | 11,644 | 11,055 | 11,863 | |||
Other undisclosed current assets | 1,625 | 1,566 | 1,850 | 1,927 | 1,701 | 1,605 | |||
Total current assets: | 18,887 | 18,610 | 17,944 | 18,217 | 19,606 | 20,365 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 821 | 455 | |||||||
Operating lease, right-of-use asset | 17,327 | 17,347 | 17,410 | 17,373 | 17,219 | 16,613 | |||
Property, plant and equipment | 41,174 | 40,698 | 39,849 | 39,721 | 38,806 | 38,091 | |||
Intangible assets, net (including goodwill) | 6,422 | 6,669 | 6,455 | 6,377 | 6,316 | 6,845 | |||
Goodwill | 6,422 | 6,435 | 6,455 | 6,377 | 6,316 | 6,544 | |||
Intangible assets, net (excluding goodwill) | 234 | 301 | |||||||
Deferred income tax assets | 1,163 | 1,207 | |||||||
Other noncurrent assets | 3,766 | 4,053 | 4,117 | 3,903 | 3,879 | 4,381 | |||
Other undisclosed noncurrent assets | (2,218) | (1,963) | |||||||
Total noncurrent assets: | 68,689 | 68,533 | 67,831 | 67,374 | 66,220 | 65,629 | |||
TOTAL ASSETS: | 87,576 | 87,143 | 85,775 | 85,591 | 85,826 | 85,994 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 8,713 | 8,595 | 8,721 | 11,369 | 11,156 | 11,749 | |||
Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 2,420 | 2,263 | 2,531 | ||
Accounts payable | 3,794 | 3,848 | 3,987 | 3,989 | 4,167 | 4,030 | |||
Accrued liabilities | 4,919 | 4,747 | 4,734 | 4,960 | 4,726 | 5,188 | |||
Deferred revenue | 21 | 19 | 15 | 15 | 14 | 8 | |||
Debt | 351 | 126 | 147 | 172 | 139 | 82 | |||
Other undisclosed current liabilities | 4,726 | 4,846 | 4,697 | 2,483 | 2,456 | 2,435 | |||
Total current liabilities: | 13,811 | 13,586 | 13,580 | 14,039 | 13,765 | 14,274 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 20,145 | 20,453 | 20,122 | 20,076 | 19,918 | 20,182 | |||
Finance lease, liability | 725 | 436 | |||||||
Other undisclosed long-term debt and lease obligation | 20,145 | 19,728 | 20,122 | 4,786 | 4,800 | 5,259 | |||
Liabilities, other than long-term debt, including: | 27,086 | 27,016 | 27,340 | 27,361 | 27,003 | 26,599 | |||
Deferred income tax liabilities | 4,450 | 4,489 | 4,313 | 4,188 | 4,134 | 4,093 | |||
Liability, pension and other postretirement and postemployment benefits | 3,021 | 3,130 | 3,779 | 4,115 | 4,055 | 4,448 | |||
Other liabilities | 694 | 695 | 674 | 662 | 654 | 682 | |||
Operating lease, liability | 15,338 | 15,363 | 15,373 | 15,290 | 15,118 | 14,487 | |||
Other undisclosed liabilities, other than long-term debt | 3,583 | 3,339 | 3,201 | 18,396 | 18,160 | 17,376 | |||
Total noncurrent liabilities: | 47,231 | 47,469 | 47,462 | 47,437 | 46,921 | 46,781 | |||
Total liabilities: | 61,042 | 61,055 | 61,042 | 61,476 | 60,686 | 61,055 | |||
Equity | |||||||||
Equity, attributable to parent | 26,534 | 26,088 | 24,733 | 24,115 | 25,140 | 24,939 | |||
Common stock | 32 | 32 | 32 | 32 | 32 | 32 | |||
Treasury stock, value | (11,963) | (11,645) | (11,766) | (11,576) | (10,389) | (10,484) | |||
Additional paid in capital | 3,800 | 3,769 | 3,735 | 3,487 | 3,751 | 3,712 | |||
Accumulated other comprehensive loss | (1,356) | (1,327) | (1,308) | (1,385) | (1,314) | (1,103) | |||
Retained earnings | 36,021 | 35,259 | 34,040 | 33,557 | 33,060 | 32,782 | |||
Total equity: | 26,534 | 26,088 | 24,733 | 24,115 | 25,140 | 24,939 | |||
TOTAL LIABILITIES AND EQUITY: | 87,576 | 87,143 | 85,775 | 85,591 | 85,826 | 85,994 |
Income Statement (P&L) ($ in millions)Annual | Quarterly
11/30/2023 Q2 | 8/31/2023 Q1 | 5/31/2023 Q4 | 2/28/2023 Q3 | 11/30/2022 Q2 | 8/31/2022 Q1 | 5/31/2022 Q4 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 21,681 | 21,930 | 22,169 | 22,814 | 23,242 | 24,394 | ||
Cost of revenue | (16,914) | (16,076) | (17,572) | (17,989) | (18,328) | (17,927) | ||
Gross profit: | 4,767 | 5,854 | 4,597 | 4,825 | 4,914 | 6,467 | ||
Operating expenses | (3,282) | (4,351) | (3,555) | (3,649) | (3,723) | (4,543) | ||
Operating income: | 1,485 | 1,503 | 1,042 | 1,176 | 1,191 | 1,924 | ||
Nonoperating income (expense) | (62) | 625 | (20) | (117) | (37) | (1,240) | ||
Net periodic defined benefits expense (reversal of expense), excluding service cost component | 39 | 102 | 101 | 101 | ||||
Other nonoperating income (expense) | (10) | (91) | 4 | |||||
Other undisclosed loss from continuing operations before equity method investments, income taxes | (694) | (689) | ||||||
Income (loss) from continuing operations before equity method investments, income taxes: | 1,423 | 1,434 | 1,022 | 1,059 | 1,154 | (5) | ||
Other undisclosed income from continuing operations before income taxes | 694 | 689 | ||||||
Income from continuing operations before income taxes: | 1,423 | 2,128 | 1,022 | 1,059 | 1,154 | 684 | ||
Income tax expense | (345) | (590) | (251) | (271) | (279) | (126) | ||
Income from continuing operations: | 1,078 | 1,538 | 771 | 788 | 875 | 558 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 788 | 875 | 558 | |
Net income attributable to parent: | 1,078 | 1,538 | 771 | 788 | 875 | 558 | ||
Other undisclosed net loss available to common stockholders, basic | (1) | (2) | (1) | (2) | (1) | (1) | ||
Net income available to common stockholders, diluted: | 1,077 | 1,536 | 770 | 786 | 874 | 557 |
Comprehensive Income ($ in millions)Annual | Quarterly
11/30/2023 Q2 | 8/31/2023 Q1 | 5/31/2023 Q4 | 2/28/2023 Q3 | 11/30/2022 Q2 | 8/31/2022 Q1 | 5/31/2022 Q4 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 1,078 | 1,538 | 771 | 788 | 875 | 558 | ||
Other comprehensive income (loss) | 4 | (50) | (5) | 10 | 18 | 16 | ||
Comprehensive income: | 1,082 | 1,488 | 766 | 798 | 893 | 574 | ||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (33) | 31 | 82 | (81) | (229) | (232) | ||
Comprehensive income, net of tax, attributable to parent: | 1,049 | 1,519 | 848 | 717 | 664 | 342 |
Statements Sources
The financial statements are based on the Company's filings with 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.