2013 Q3 Form 10-Q Financial Statement

#000119312513371921 Filed on September 19, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $11.02B $10.79B
YoY Change 2.15% 2.58%
Cost Of Revenue $2.983B $2.818B
YoY Change 5.86% 2.03%
Gross Profit $8.041B $7.974B
YoY Change 0.84% 2.77%
Gross Profit Margin 72.94% 73.89%
Selling, General & Admin $5.197B $5.263B
YoY Change -1.25% 1.7%
% of Gross Profit 64.63% 66.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $639.0M $573.0M
YoY Change 11.52% 12.57%
% of Gross Profit 7.95% 7.19%
Operating Expenses $10.23B $10.05B
YoY Change 1.78% 43.12%
Operating Profit $891.0M $742.0M
YoY Change 20.08% 0.68%
Interest Expense -$27.00M -$10.00M
YoY Change 170.0% -9.09%
% of Operating Profit -3.03% -1.35%
Other Income/Expense, Net -$2.000M -$15.00M
YoY Change -86.67% 15.38%
Pretax Income $766.0M $727.0M
YoY Change 5.36% 0.41%
Income Tax $277.0M $268.0M
% Of Pretax Income 36.16% 36.86%
Net Earnings $548.0M $459.0M
YoY Change 19.39% -1.08%
Net Earnings / Revenue 4.97% 4.25%
Basic Earnings Per Share $1.73 $1.46
Diluted Earnings Per Share $1.72 $1.45
COMMON SHARES
Basic Shares Outstanding 316.0M shares 315.0M shares
Diluted Shares Outstanding 319.0M shares 316.0M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.096B $2.743B
YoY Change 85.78% 40.02%
Cash & Equivalents $5.096B $2.743B
Short-Term Investments
Other Short-Term Assets $956.0M $889.0M
YoY Change 7.54% -7.59%
Inventory $451.0M $465.0M
Prepaid Expenses
Receivables $4.990B $4.780B
Other Receivables $0.00 $0.00
Total Short-Term Assets $11.49B $8.877B
YoY Change 29.47% 11.48%
LONG-TERM ASSETS
Property, Plant & Equipment $18.44B $17.87B
YoY Change 3.2% 12.93%
Goodwill $2.712B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.031B $1.214B
YoY Change -15.07% -25.06%
Total Long-Term Assets $22.18B $21.81B
YoY Change 1.68% 9.76%
TOTAL ASSETS
Total Short-Term Assets $11.49B $8.877B
Total Long-Term Assets $22.18B $21.81B
Total Assets $33.67B $30.69B
YoY Change 9.72% 10.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.879B $1.643B
YoY Change 14.36% 5.12%
Accrued Expenses $3.390B $3.049B
YoY Change 11.18% 62.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $254.0M $117.0M
YoY Change 117.09% -61.13%
Total Short-Term Liabilities $5.523B $4.809B
YoY Change 14.85% -3.45%
LONG-TERM LIABILITIES
Long-Term Debt $2.739B $2.242B
YoY Change 22.17% 64.01%
Other Long-Term Liabilities $5.936B $7.737B
YoY Change -23.28% 4104.89%
Total Long-Term Liabilities $8.675B $9.979B
YoY Change -13.07% 5323.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.523B $4.809B
Total Long-Term Liabilities $8.675B $9.979B
Total Liabilities $16.02B $15.67B
YoY Change 2.24% 203.33%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.66B $15.02B
YoY Change
Total Liabilities & Shareholders Equity $33.67B $30.69B
YoY Change 9.72% 10.25%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $548.0M $459.0M
YoY Change 19.39% -1.08%
Depreciation, Depletion And Amortization $639.0M $573.0M
YoY Change 11.52% 12.57%
Cash From Operating Activities $929.0M $903.0M
YoY Change 2.88% 5.0%
INVESTING ACTIVITIES
Capital Expenditures -$572.0M -$972.0M
YoY Change -41.15% -12.43%
Acquisitions $483.0M
YoY Change 335.14%
Other Investing Activities $10.00M -$471.0M
YoY Change -102.12% 344.34%
Cash From Investing Activities -$562.0M -$1.443B
YoY Change -61.05% 18.67%
FINANCING ACTIVITIES
Cash Dividend Paid $48.00M $44.00M
YoY Change 9.09% 7.32%
Common Stock Issuance & Retirement, Net $278.0M $246.0M
YoY Change 13.01%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$181.0M $425.0M
YoY Change -142.59% -1734.62%
NET CHANGE
Cash From Operating Activities $929.0M $903.0M
Cash From Investing Activities -$562.0M -$1.443B
Cash From Financing Activities -$181.0M $425.0M
Net Change In Cash $186.0M -$115.0M
YoY Change -261.74% -69.9%
FREE CASH FLOW
Cash From Operating Activities $929.0M $903.0M
Capital Expenditures -$572.0M -$972.0M
Free Cash Flow $1.501B $1.875B
YoY Change -19.95% -4.82%

Facts In Submission

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OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1686000000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1731000000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1267000000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
6800000000 USD
CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
14915000000 USD
CY2013Q3 us-gaap Interest Paid Net
InterestPaidNet
57000000 USD
CY2012Q3 us-gaap Interest Paid Net
InterestPaidNet
45000000 USD
CY2013Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
138000000 USD
CY2012Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
54000000 USD
CY2013Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
104000000 USD
CY2012Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-130000000 USD
CY2013Q3 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
34000000 USD
CY2012Q3 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
184000000 USD
CY2013Q3 fdx Spare Parts Supplies Fuel Prepaid Expenses And Other Net
SparePartsSuppliesFuelPrepaidExpensesAndOtherNet
803000000 USD
CY2013Q3 us-gaap Other Liabilities
OtherLiabilities
5936000000 USD
CY2013Q2 fdx Spare Parts Supplies Fuel Prepaid Expenses And Other Net
SparePartsSuppliesFuelPrepaidExpensesAndOtherNet
780000000 USD
CY2013Q2 us-gaap Other Liabilities
OtherLiabilities
6028000000 USD

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