FedEx Corporation (FDX) financial statements (2021 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)

2/28/2021
TTM
11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,8568,3394,8812,3193,2653,9693,534
Cash and cash equivalents8,8568,3394,8812,3193,2653,9693,534
Receivables11,48111,41710,1029,1168,4817,5997,252
Other undisclosed current assets1,3731,5091,4001,6511,5951,0601,203
Total current assets:21,71021,26516,38313,08613,34112,62811,989
Noncurrent Assets
Finance lease, right-of-use asset  480
Operating lease, right-of-use asset14,96414,84513,917
Property, plant and equipment34,99034,61033,60830,42928,15425,98124,284
Intangible assets, net (including goodwill)6,9776,7026,6947,3007,4537,6836,747
Goodwill6,9776,7026,3726,8846,9737,1546,747
Intangible assets, net (excluding goodwill)  322416480529 
Deferred income tax assets  1,347
Other noncurrent assets4,1523,7343,2574,0043,8622,7893,044
Other undisclosed noncurrent assets  (2,149)(416)(480)(529) 
Total noncurrent assets:61,08359,89157,15441,31738,98935,92434,075
TOTAL ASSETS:82,79381,15673,53754,40352,33048,55246,064
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,7879,8958,3708,0498,2857,8967,979
Accounts payable3,9903,7333,2693,0302,9772,7522,944
Accrued liabilities4,4764,0033,5323,2783,1313,2303,063
Employee-related liabilities2,3212,1591,5691,7412,1771,9141,972
Deferred revenue9910
Debt64697519641,3422229
Other undisclosed current liabilities2,1242,1141,913    
Total current liabilities:13,56612,11510,3449,0139,6277,9188,008
Noncurrent Liabilities
Long-term debt and lease obligation, including:22,79723,22121,95216,61715,24314,90913,838
Long-term debt, excluding current maturities   8,1955,1777,167 
Finance lease, liability  434
Operating lease, liability12,99013,00912,195
Other undisclosed long-term debt and lease obligation9,80710,2129,3238,42210,0667,74213,838
Liabilities, other than long-term debt, including:9,1459,5228,64711,0168,0449,65210,434
Deferred revenue and credits551531400
Deferred rent credit   531
Deferred tax liabilities, net1,4811,6041,8101,132
Deferred income tax liabilities3,5633,4713,162
Liability, pension and other postretirement and postemployment benefits4,7735,0885,0195,0952,1874,4876,227
Other liabilities809963466571534518771
Self insurance reserve      1,314
Other undisclosed liabilities, other than long-term debt   3,3383,1682,306590
Total noncurrent liabilities:31,94232,74330,59927,63323,28724,56124,272
Total liabilities:45,50844,85840,94336,64632,91432,47932,280
Stockholders' equity
Stockholders' equity attributable to parent21,98121,03918,29517,75719,41616,07313,784
Common stock32323232323232
Treasury stock, value(8,656)(8,703)(9,162)(9,289)(7,978)(7,382)(7,342)
Additional paid in capital3,4453,4003,3563,2313,1173,0052,892
Accumulated other comprehensive loss(764)(898)(1,147)(865)(578)(415)(169)
Retained earnings27,92427,20825,21624,64824,82320,83318,371
Total stockholders' equity:21,98121,03918,29517,75719,41616,07313,784
Other undisclosed liabilities and equity15,30415,25914,299    
TOTAL LIABILITIES AND EQUITY:82,79381,15673,53754,40352,33048,55246,064

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

2/28/2021
TTM
11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Revenues78,75274,72969,21769,69365,45060,31950,365
Cost of revenue(60,951)(58,112)(54,447)(50,690)(23,746)(24,988)(9,966)
Cost of goods and services sold(5,573)(5,558)(6,049)(16,654)(21,097)(18,777)(9,966)
Gross profit:17,80116,61714,77019,00341,70435,33140,399
Operating expenses(13,266)(12,676)(12,353)(14,537)(36,834)(30,294)(47,288)
Other undisclosed operating income      9,966
Operating income:4,5353,9412,4174,4664,8705,0373,077
Nonoperating expense(793)(828)(748)(3,811)(517)(458)(337)
Net periodic defined benefits expense (reversal of expense), excluding service cost component553519(122)(3,251)
Interest and debt expense(664)(670)(672)(588)(558)(512)(336)
Other undisclosed income from continuing operations before equity method investments, income taxes664670672588558512336
Income from continuing operations before income taxes:3,7423,1131,6696554,3534,5792,740
Income tax expense (benefit)(713)(661)(383)(115)219(1,582)(920)
Net income attributable to parent:3,0292,4521,2865404,5722,9971,820
Other undisclosed net loss available to common stockholders, basic(6)(4)(2)(1)(6)(4)(2)
Net income available to common stockholders, diluted:3,0232,4481,2845394,5662,9931,818

Comprehensive Income ($ in millions)

2/28/2021
TTM
11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Net income:3,0292,4521,2865404,5722,9971,820
Other comprehensive income (loss)17314357(163)(246)(341)
Comprehensive income:3,0462,4831,3295974,4092,7511,479
Other undisclosed comprehensive income (loss), net of tax, attributable to parent106(63)(376)(344)   
Comprehensive income, net of tax, attributable to parent:3,1522,4209532534,4092,7511,479

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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