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 investments1,7662,0312,3193,2653,9693,5343,763
Cash and cash equivalents1,7662,0312,3193,2653,9693,5343,763
Receivables9,3239,7099,1168,4817,5997,2525,719
Deferred tax assets    606
Other undisclosed current assets1,4521,4581,6511,5951,0601,203853
Total current assets:12,54113,19813,08613,34112,62811,98910,941
Noncurrent Assets
Operating lease, right-of-use asset13,98114,097
Property, plant and equipment33,30632,40830,42928,15425,98124,28420,875
Intangible assets, net (including goodwill)6,8146,8617,3007,4537,6836,7474,017
Goodwill6,8146,8616,8846,9737,1546,7473,810
Intangible assets, net (excluding goodwill)  416480529 207
Other noncurrent assets3,3723,3904,0043,8622,7893,0441,443
Deferred tax assets, net    (1,747)
Other undisclosed noncurrent assets  (416)(480)(529) 1,540
Total noncurrent assets:57,47356,75641,31738,98935,92434,07526,128
TOTAL ASSETS:70,01469,95454,40352,33048,55246,06437,069
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,0888,4538,0498,2857,8967,9796,266
Accounts payable3,1933,2833,0302,9772,7522,9442,066
Accrued liabilities3,4233,5383,2783,1313,2303,0632,436
Employee-related liabilities1,4721,6321,7412,1771,9141,9721,436
Taxes payable      328
Deferred revenue1010
Debt3351669641,342222919
Other undisclosed current liabilities1,8921,918    (328)
Total current liabilities:10,32510,5479,0139,6277,9188,0085,957
Noncurrent Liabilities
Long-term debt and lease obligation, including:18,97318,69116,61715,24314,90913,8387,249
Long-term debt, excluding current maturities6,5526,7038,1955,1777,167  
Finance lease, liability43792
Operating lease, liability12,23212,432
Other undisclosed long-term debt and lease obligation(248)(536)8,42210,0667,74213,8387,249
Liabilities, other than long-term debt, including:21,88522,05711,0168,0449,65210,4348,689
Deferred revenue and credits551531400711
Deferred rent credit  531
Deferred tax liabilities, net1,4811,6041,8101,1321,747
Liability, pension and other postretirement and postemployment benefits4,1654,1565,0952,1874,4876,2274,893
Other liabilities454476571534518771218
Self insurance reserve     1,3141,120
Other undisclosed liabilities, other than long-term debt17,26617,4253,3383,1682,306590 
Total noncurrent liabilities:40,85840,74827,63323,28724,56124,27215,938
Total liabilities:51,18351,29536,64632,91432,47932,28021,895
Stockholders' equity
Stockholders' equity attributable to parent18,83118,65917,75719,41616,07313,78414,993
Common stock32323232323232
Treasury stock, value(9,207)(9,225)(9,289)(7,978)(7,382)(7,342)(4,897)
Additional paid in capital3,3243,2873,2313,1173,0052,8922,786
Accumulated other comprehensive income (loss)(887)(866)(865)(578)(415)(169)172
Retained earnings25,56925,43124,64824,82320,83318,37116,900
Total stockholders' equity:18,83118,65917,75719,41616,07313,78414,993
Other undisclosed liabilities and equity      181
TOTAL LIABILITIES AND EQUITY:70,01469,95454,40352,33048,55246,06437,069

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
Revenues69,66669,18969,69365,45060,31950,36547,453
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:18,15818,43419,00341,70435,33140,39941,634
Operating expenses(14,900)(14,676)(14,537)(36,834)(30,294)(47,288)(45,586)
Other undisclosed operating income     9,9665,819
Operating income:3,2583,7584,4664,8705,0373,0771,867
Nonoperating expense(3,824)(3,813)(3,811)(517)(458)(337)(240)
Net periodic defined benefits expense (reversal of expense), excluding service cost component504494(3,251)
Interest and debt expense(7)(1)(588)(558)(512)(336)(235)
Other undisclosed income from continuing operations before equity method investments, income taxes71588558512336235
Income (loss) from continuing operations before income taxes:(566)(55)6554,3534,5792,7401,627
Income tax expense (benefit)217130(115)219(1,582)(920)(577)
Net income (loss) attributable to parent:(349)755404,5722,9971,8201,050
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)745394,5662,9931,8181,048

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)755404,5722,9971,8201,050
Other comprehensive income (loss)352057(163)(246)(341)(334)
Comprehensive income (loss):(314)955974,4092,7511,479716
Other undisclosed comprehensive loss, net of tax, attributable to parent(236)(120)(344)    
Comprehensive income (loss), net of tax, attributable to parent:(550)(25)2534,4092,7511,479716

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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