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)

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0312,3193,2653,9693,5343,7632,908
Cash and cash equivalents2,0312,3193,2653,9693,5343,7632,908
Receivables9,7099,1168,4817,5997,2525,7195,460
Deferred tax assets    606522
Other undisclosed current assets1,4581,6511,5951,0601,203853793
Total current assets:13,19813,08613,34112,62811,98910,9419,683
Noncurrent Assets
Operating lease, right-of-use asset14,097
Property, plant and equipment32,40830,42928,15425,98124,28420,87519,550
Intangible assets, net (including goodwill)6,8617,3007,4537,6836,7474,0172,847
Goodwill6,8616,8846,9737,1546,7473,8102,790
Intangible assets, net (excluding goodwill) 416480529 20757
Other noncurrent assets3,3904,0043,8622,7893,0441,4431,047
Deferred tax assets, net    (1,747)(2,114)
Other undisclosed noncurrent assets (416)(480)(529) 1,5402,057
Total noncurrent assets:56,75641,31738,98935,92434,07526,12823,387
TOTAL ASSETS:69,95454,40352,33048,55246,06437,06933,070
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,4538,0498,2857,8967,9796,2665,650
Accounts payable3,2833,0302,9772,7522,9442,0661,971
Accrued liabilities3,5383,2783,1313,2303,0632,4362,063
Employee-related liabilities1,6321,7412,1771,9141,9721,4361,277
Taxes payable     328339
Deferred revenue10
Debt1669641,3422229191
Other undisclosed current liabilities1,918    (328)(339)
Total current liabilities:10,5479,0139,6277,9188,0085,9575,312
Noncurrent Liabilities
Long-term debt and lease obligation, including:18,69116,61715,24314,90913,8387,2494,736
Long-term debt, excluding current maturities6,7038,1955,1777,167   
Finance lease, liability92
Operating lease, liability12,432
Other undisclosed long-term debt and lease obligation(536)8,42210,0667,74213,8387,2494,736
Liabilities, other than long-term debt, including:22,05711,0168,0449,65210,4348,6894,055
Deferred revenue and credits551531400711758
Deferred rent credit 531
Deferred tax liabilities, net1,4811,6041,8101,1321,7472,114
Liability, pension and other postretirement and postemployment benefits4,1565,0952,1874,4876,2274,893
Other liabilities476571534518771218145
Self insurance reserve    1,3141,1201,038
Other undisclosed liabilities, other than long-term debt17,4253,3383,1682,306590  
Total noncurrent liabilities:40,74827,63323,28724,56124,27215,9388,791
Total liabilities:51,29536,64632,91432,47932,28021,89514,103
Stockholders' equity
Stockholders' equity attributable to parent18,65917,75719,41616,07313,78414,99315,277
Common stock32323232323232
Treasury stock, value(9,225)(9,289)(7,978)(7,382)(7,342)(4,897)(4,133)
Additional paid in capital3,2873,2313,1173,0052,8922,7862,643
Accumulated other comprehensive income (loss)(866)(865)(578)(415)(169)172(3,694)
Retained earnings25,43124,64824,82320,83318,37116,90020,429
Total stockholders' equity:18,65917,75719,41616,07313,78414,99315,277
Other undisclosed liabilities and equity     1813,690
TOTAL LIABILITIES AND EQUITY:69,95454,40352,33048,55246,06437,06933,070

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

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
Revenues69,18969,69365,45060,31950,36547,45345,567
Cost of revenue(50,755)(50,690)(23,746)(24,988)(9,966)(5,819)(6,419)
Cost of goods and services sold(14,033)(16,654)(21,097)(18,777)(9,966)(5,819)(6,419)
Gross profit:18,43419,00341,70435,33140,39941,63439,148
Operating expenses(14,676)(14,537)(36,834)(30,294)(47,288)(45,586)(42,121)
Other undisclosed operating income    9,9665,8196,419
Operating income:3,7584,4664,8705,0373,0771,8673,446
Nonoperating expense(3,813)(3,811)(517)(458)(337)(240)(157)
Net periodic defined benefits expense (reversal of expense), excluding service cost component494(3,251)
Interest and debt expense(1)(588)(558)(512)(336)(235)(160)
Other undisclosed income from continuing operations before equity method investments, income taxes1588558512336235160
Income (loss) from continuing operations before income taxes:(55)6554,3534,5792,7401,6273,289
Income tax expense (benefit)130(115)219(1,582)(920)(577)(1,192)
Net income attributable to parent:755404,5722,9971,8201,0502,097
Other undisclosed net loss available to common stockholders, basic(1)(1)(6)(4)(2)(2)(4)
Net income available to common stockholders, diluted:745394,5662,9931,8181,0482,093

Comprehensive Income ($ in millions)

11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
5/31/2014
Net income:755404,5722,9971,8201,0502,097
Other comprehensive income (loss)2057(163)(246)(341)(334)126
Comprehensive income:955974,4092,7511,4797162,223
Other undisclosed comprehensive loss, net of tax, attributable to parent(120)(344)     
Comprehensive income (loss), net of tax, attributable to parent:(25)2534,4092,7511,4797162,223

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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