$FDX
FEDEX CORP

2014 Q3 Form 10-Q Financial Statement

#000119312514345549 Filed on September 18, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $11.68B $11.02B
YoY Change 5.99% 2.15%
Cost Of Revenue $3.174B $2.983B
YoY Change 6.4% 5.86%
Gross Profit $8.510B $8.041B
YoY Change 5.83% 0.84%
Gross Profit Margin 72.83% 72.94%
Selling, General & Admin $5.330B $5.197B
YoY Change 2.56% -1.25%
% of Gross Profit 62.63% 64.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $651.0M $639.0M
YoY Change 1.88% 11.52%
% of Gross Profit 7.65% 7.95%
Operating Expenses $7.448B $10.23B
YoY Change -27.19% 1.78%
Operating Profit $1.062B $891.0M
YoY Change 19.19% 20.08%
Interest Expense -$48.00M -$27.00M
YoY Change 77.78% 170.0%
% of Operating Profit -4.52% -3.03%
Other Income/Expense, Net -$50.00M -$2.000M
YoY Change 2400.0% -86.67%
Pretax Income $1.012B $766.0M
YoY Change 32.11% 5.36%
Income Tax $359.0M $277.0M
% Of Pretax Income 35.47% 36.16%
Net Earnings $653.0M $548.0M
YoY Change 19.16% 19.39%
Net Earnings / Revenue 5.59% 4.97%
Basic Earnings Per Share $2.29 $1.73
Diluted Earnings Per Share $2.26 $1.72
COMMON SHARES
Basic Shares Outstanding 285.0M shares 316.0M shares
Diluted Shares Outstanding 289.0M shares 319.0M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.416B $5.096B
YoY Change -52.59% 85.78%
Cash & Equivalents $2.416B $5.096B
Short-Term Investments
Other Short-Term Assets $866.0M $956.0M
YoY Change -9.41% 7.54%
Inventory $481.0M $451.0M
Prepaid Expenses
Receivables $5.487B $4.990B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.250B $11.49B
YoY Change -19.52% 29.47%
LONG-TERM ASSETS
Property, Plant & Equipment $19.42B $18.44B
YoY Change 5.35% 3.2%
Goodwill $2.712B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.138B $1.031B
YoY Change 10.38% -15.07%
Total Long-Term Assets $23.34B $22.18B
YoY Change 5.22% 1.68%
TOTAL ASSETS
Total Short-Term Assets $9.250B $11.49B
Total Long-Term Assets $23.34B $22.18B
Total Assets $32.59B $33.67B
YoY Change -3.23% 9.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.973B $1.879B
YoY Change 5.0% 14.36%
Accrued Expenses $3.179B $3.390B
YoY Change -6.22% 11.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $254.0M
YoY Change -99.61% 117.09%
Total Short-Term Liabilities $5.153B $5.523B
YoY Change -6.7% 14.85%
LONG-TERM LIABILITIES
Long-Term Debt $4.735B $2.739B
YoY Change 72.87% 22.17%
Other Long-Term Liabilities $163.0M $5.936B
YoY Change -97.25% -23.28%
Total Long-Term Liabilities $163.0M $8.675B
YoY Change -98.12% -13.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.153B $5.523B
Total Long-Term Liabilities $163.0M $8.675B
Total Liabilities $17.47B $16.02B
YoY Change 9.04% 2.24%
SHAREHOLDERS EQUITY
Retained Earnings $20.92B
YoY Change
Common Stock $32.00M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.767B
YoY Change
Treasury Stock Shares
Shareholders Equity $15.12B $17.66B
YoY Change
Total Liabilities & Shareholders Equity $32.59B $33.67B
YoY Change -3.23% 9.72%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $653.0M $548.0M
YoY Change 19.16% 19.39%
Depreciation, Depletion And Amortization $651.0M $639.0M
YoY Change 1.88% 11.52%
Cash From Operating Activities $982.0M $929.0M
YoY Change 5.71% 2.88%
INVESTING ACTIVITIES
Capital Expenditures -$720.0M -$572.0M
YoY Change 25.87% -41.15%
Acquisitions
YoY Change
Other Investing Activities $4.000M $10.00M
YoY Change -60.0% -102.12%
Cash From Investing Activities -$716.0M -$562.0M
YoY Change 27.4% -61.05%
FINANCING ACTIVITIES
Cash Dividend Paid $57.00M $48.00M
YoY Change 18.75% 9.09%
Common Stock Issuance & Retirement, Net $791.0M $278.0M
YoY Change 184.53% 13.01%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$741.0M -$181.0M
YoY Change 309.39% -142.59%
NET CHANGE
Cash From Operating Activities $982.0M $929.0M
Cash From Investing Activities -$716.0M -$562.0M
Cash From Financing Activities -$741.0M -$181.0M
Net Change In Cash -$475.0M $186.0M
YoY Change -355.38% -261.74%
FREE CASH FLOW
Cash From Operating Activities $982.0M $929.0M
Capital Expenditures -$720.0M -$572.0M
Free Cash Flow $1.702B $1.501B
YoY Change 13.39% -19.95%

Facts In Submission

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CY2014Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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CY2014Q3 fdx Line Of Credit Facility Covenant Terms Leverage Ratio
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