FedEx Corporation (FDX) financial statements (2022 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)

2/28/2022
TTM
11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,0656,8337,0874,8812,3193,2653,969
Cash and cash equivalents6,0656,8337,0874,8812,3193,2653,969
Receivables11,66812,19712,06910,1029,1168,4817,599
Other undisclosed current assets1,7331,7171,4241,4001,6511,5951,060
Total current assets:19,46620,74720,58016,38313,08613,34112,628
Noncurrent Assets
Finance lease, right-of-use asset  504480
Operating lease, right-of-use asset16,60516,01815,38313,917
Property, plant and equipment37,37637,15335,75233,60830,42928,15425,981
Intangible assets, net (including goodwill)6,7556,7027,3146,6947,3007,4537,683
Goodwill6,7556,7026,9926,3726,8846,9737,154
Intangible assets, net (excluding goodwill)  322322416480529
Deferred income tax assets  1,4181,347
Other noncurrent assets3,9063,6274,0703,2574,0043,8622,789
Other undisclosed noncurrent assets  (2,244)(2,149)(416)(480)(529)
Total noncurrent assets:64,64263,50062,19757,15441,31738,98935,924
TOTAL ASSETS:84,10884,24782,77773,53754,40352,33048,552
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,47911,39611,3068,3708,0498,2857,896
Accounts payable4,1874,1903,8413,2693,0302,9772,752
Accrued liabilities4,8034,6694,5623,5323,2783,1313,230
Employee-related liabilities2,4892,5372,9031,5691,7412,1771,914
Deferred revenue89910
Debt116117146519641,34222
Other undisclosed current liabilities2,3872,3622,1991,913   
Total current liabilities:13,99013,88413,66010,3449,0139,6277,918
Noncurrent Liabilities
Long-term debt and lease obligation, including:20,39320,38620,73321,95216,61715,24314,909
Long-term debt, excluding current maturities    8,1955,1777,167
Finance lease, liability  429434
Operating lease, liability14,45013,95513,37512,195
Other undisclosed long-term debt and lease obligation5,9436,4316,9299,3238,42210,0667,742
Liabilities, other than long-term debt, including:25,1998,4888,4118,64711,0168,0449,652
Deferred revenue and credits551531
Deferred rent credit    531
Deferred tax liabilities, net1,4811,6041,810
Deferred income tax liabilities4,3314,1623,9273,162
Liability, pension and other postretirement and postemployment benefits3,1003,3533,5015,0195,0952,1874,487
Other liabilities721973983466571534518
Other undisclosed liabilities, other than long-term debt17,047   3,3383,1682,306
Total noncurrent liabilities:45,59228,87429,14430,59927,63323,28724,561
Total liabilities:59,58242,75842,80440,94336,64632,91432,479
Stockholders' equity
Stockholders' equity attributable to parent24,52624,94024,16818,29517,75719,41616,073
Common stock32323232323232
Treasury stock, value(10,530)(9,075)(8,430)(9,162)(9,289)(7,978)(7,382)
Additional paid in capital3,6863,6533,4813,3563,2313,1173,005
Accumulated other comprehensive loss(887)(977)(732)(1,147)(865)(578)(415)
Retained earnings32,22531,30729,81725,21624,64824,82320,833
Total stockholders' equity:24,52624,94024,16818,29517,75719,41616,073
Other undisclosed liabilities and equity 16,54915,80514,299   
TOTAL LIABILITIES AND EQUITY:84,10884,24782,77773,53754,40352,33048,552

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

2/28/2022
TTM
11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
Revenues91,68389,55283,95969,21769,69365,45060,319
Cost of revenue(70,978)(69,445)(64,599)(54,447)(50,690)(23,746)(24,988)
Cost of goods and services sold(7,706)(7,261)(6,210)(6,049)(16,654)(21,097)(18,777)
Gross profit:20,70520,10719,36014,77019,00341,70435,331
Operating expenses(14,587)(14,310)(13,503)(12,353)(14,537)(36,834)(30,294)
Operating income:6,1185,7975,8572,4174,4664,8705,037
Nonoperating income (expense)707702817(748)(3,811)(517)(458)
Net periodic defined benefits expense (reversal of expense), excluding service cost component3803711,983(122)(3,251)
Interest and debt expense  (393)(672)(588)(558)(512)
Other undisclosed income from continuing operations before equity method investments, income taxes  393672588558512
Income from continuing operations before income taxes:6,8256,4996,6741,6696554,3534,579
Income tax expense (benefit)(1,689)(1,583)(1,443)(383)(115)219(1,582)
Net income attributable to parent:5,1364,9165,2311,2865404,5722,997
Other undisclosed net loss available to common stockholders, basic(10)(11)(11)(2)(1)(6)(4)
Net income available to common stockholders, basic:5,1264,9055,2201,2845394,5662,993
Other undisclosed net income available to common stockholders, diluted111    
Net income available to common stockholders, diluted:5,1274,9065,2211,2845394,5662,993

Comprehensive Income ($ in millions)

2/28/2022
TTM
11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
Net income:5,1364,9165,2311,2865404,5722,997
Other comprehensive income (loss)(3)(2)(10)4357(163)(246)
Comprehensive income:5,1334,9145,2211,3295974,4092,751
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(120)(77)425(376)(344)  
Comprehensive income, net of tax, attributable to parent:5,0134,8375,6469532534,4092,751

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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