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)

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 investments7,0556,8565,3734,6466,8506,897
Cash and cash equivalents7,0556,8565,3734,6466,8506,897
Receivables10,20710,18810,72111,64411,05511,863
Other undisclosed current assets1,6251,5661,8501,9271,7011,605
Total current assets:18,88718,61017,94418,21719,60620,365
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  821   455
Operating lease, right-of-use asset17,32717,34717,41017,37317,21916,613
Property, plant and equipment41,17440,69839,84939,72138,80638,091
Intangible assets, net (including goodwill)6,4226,6696,4556,3776,3166,845
Goodwill6,4226,4356,4556,3776,3166,544
Intangible assets, net (excluding goodwill)  234   301
Deferred income tax assets  1,163   1,207
Other noncurrent assets3,7664,0534,1173,9033,8794,381
Other undisclosed noncurrent assets  (2,218)   (1,963)
Total noncurrent assets:68,68968,53367,83167,37466,22065,629
TOTAL ASSETS:87,57687,14385,77585,59185,82685,994
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,7138,5958,72111,36911,15611,749
Employee-related liabilities2,4202,2632,531
Accounts payable3,7943,8483,9873,9894,1674,030
Accrued liabilities4,9194,7474,7344,9604,7265,188
Deferred revenue21191515148
Debt35112614717213982
Other undisclosed current liabilities4,7264,8464,6972,4832,4562,435
Total current liabilities:13,81113,58613,58014,03913,76514,274
Noncurrent Liabilities
Long-term debt and lease obligation, including:20,14520,45320,12220,07619,91820,182
Finance lease, liability  725   436
Other undisclosed long-term debt and lease obligation20,14519,72820,1224,7864,8005,259
Liabilities, other than long-term debt, including:27,08627,01627,34027,36127,00326,599
Deferred income tax liabilities4,4504,4894,3134,1884,1344,093
Liability, pension and other postretirement and postemployment benefits3,0213,1303,7794,1154,0554,448
Other liabilities694695674662654682
Operating lease, liability15,33815,36315,37315,29015,11814,487
Other undisclosed liabilities, other than long-term debt3,5833,3393,20118,39618,16017,376
Total noncurrent liabilities:47,23147,46947,46247,43746,92146,781
Total liabilities:61,04261,05561,04261,47660,68661,055
Equity
Equity, attributable to parent26,53426,08824,73324,11525,14024,939
Common stock323232323232
Treasury stock, value(11,963)(11,645)(11,766)(11,576)(10,389)(10,484)
Additional paid in capital3,8003,7693,7353,4873,7513,712
Accumulated other comprehensive loss(1,356)(1,327)(1,308)(1,385)(1,314)(1,103)
Retained earnings36,02135,25934,04033,55733,06032,782
Total equity:26,53426,08824,73324,11525,14024,939
TOTAL LIABILITIES AND EQUITY:87,57687,14385,77585,59185,82685,994

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

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
Revenues21,68121,93022,16922,81423,24224,394
Cost of revenue(16,914)(16,076)(17,572)(17,989)(18,328)(17,927)
Gross profit:4,7675,8544,5974,8254,9146,467
Operating expenses(3,282)(4,351)(3,555)(3,649)(3,723)(4,543)
Operating income:1,4851,5031,0421,1761,1911,924
Nonoperating income (expense)(62)625(20)(117)(37)(1,240)
Net periodic defined benefits expense (reversal of expense), excluding service cost component39 102101101 
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:1,4231,4341,0221,0591,154(5)
Other undisclosed income from continuing operations before income taxes  694   689
Income from continuing operations before income taxes:1,4232,1281,0221,0591,154684
Income tax expense(345)(590)(251)(271)(279)(126)
Income from continuing operations:1,0781,538771788875558
Income before gain (loss) on sale of properties:788875558
Net income attributable to parent:1,0781,538771788875558
Other undisclosed net loss available to common stockholders, basic(1)(2)(1)(2)(1)(1)
Net income available to common stockholders, diluted:1,0771,536770786874557

Comprehensive Income ($ in millions)

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:1,0781,538771788875558
Other comprehensive income (loss)4(50)(5)101816
Comprehensive income:1,0821,488766798893574
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(33)3182(81)(229)(232)
Comprehensive income, net of tax, attributable to parent:1,0491,519848717664342

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.

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