FedEx Corporation

Income Statement
For the year 2013 2014 -2015
Period Ending
Total revenue
Cost of revenue
Gross profit
Operating Expenses
Sales, general and admin
Non-recurring items
Other operating items
Research & development
Operating income
Add'l income/expense items

12/31/15
12/31/14
12/31/13
47,453,000
45,567,000
44,287,000
16,984,000
17,052,000
16,448,000
30,469,000
28,515,000
27,839,000
25,715,000
276,000
2,611,000
0
1,867,000
(5,000)

22,113,000
0
2,587,000
0
3,815,000
3,000

20,359,000
660,000
2,386,000
0
4,434,000
(14,000)

Earnings before Interest and Tax

Interest expense
Earnings before tax
Income tax
Minority interest
Equity
earnings/Loss
unconsolidated subsidiary
Net income-cont. operations
Net income
Net Income Applicable to
Common Shareholders

1,862,000
235,000
1,627,000
577,000
0
0

3,818,000
160,000
3,658,000
1,334,000
0
0

4,420,000
82,000
4,338,000
1,622,000
0
0

1,050,000
2,324,000
2,716,000
1,050,000
2,324,000
2,716,000
1,050,000
2,324,000
2,716,000

Per Share Data:

Common Stock Price: 0.10 with 318 Million shares issues

FedEx Company
Balance Sheet and Statement of Stockholders Equity
For the year 2013 2014 2015
Period Ending
Current Assets
Cash and cash equivalents
Short-term investments
Net receivables
Inventory
Other current assets
Total current assets
Long-Term Assets
Long-term investments
Fixed assets
Goodwill
Intangible assets
Other Assets
Deferred asset charges
Total Assets
Current Liabilities
Accounts payable
Short-term debt / Current portion
of long-term debt
Other current liabilities
Total current liabilities
Long-term debt
Other liabilities
Deferred liability charges
Misc. stocks
Minority interest
Total liabilities
Stockholders Equity
Common stocks
Capital surplus
Retained earnings
Treasury stock
Other equity
Total equity
Total liabilities and equity

12/31/15

12/31/14

12/31/13

3,763,000
0
5,719,000
498,000
355,000
10,335,000

2,908,000
0
5,460,000
463,000
330,000
9,683,000

4,917,000
0
5,044,000
457,000
323,000
11,274,000

0
20,875,000
3,810,000
0
1,511,000
0
36,531,000

0
19,550,000
2,790,000
0
1,047,000
0
33,070,000

0
18,484,000
2,755,000
0
1,054,000
0
33,567,000

5,937,000
19,000

5,311,000
1,000

5,499,000
251,000

5,956,000
7,249,000
6,231,000
2,102,000
0
0
21,538,000

5,312,000
4,736,000
4,667,000
3,078,000
0
0
17,793,000

5,750,000
2,739,000
5,023,000
2,657,000
0
0
16,169,000

32,000
2,786,000
16,900,000
(4,897,000)
172,000
14,993,000
36,531,000

32,000
2,643,000
16,229,000
(4,133,000)
506,000
15,277,000
33,070,000

32,000
2,668,000
18,519,000
(1,000)
(3,820,000)
17,398,000
33,567,000

FedEx Company
Statement of Cash Flow
For the year 2013 2014 2015
Period Ending
Net income
Cash Flows-Operating
Activities
Depreciation
Net income adjustments
Changes in Operating Activities
Accounts receivable
Changes in inventories
Other operating activities
Liabilities
Net cash flow-operating
Cash Flows-Investing Activities
Capital expenditures
Investments
Other investing activities
Net cash flows-investing
Cash Flows-Financing
Activities
Sale and purchase of stock
Net borrowings
Other financing activities

12/31/15
1,050,000

12/31/14
2,324,000

12/31/13
2,716,000

2,611,000
2,142,000

2,587,000
601,000

2,386,000
121,000

(392,000)
0
(12,000)
(33,000)
5,366,000

(516,000)
0
(44,000)
(688,000)
4,264,000

(451,000)
0
241,000
(325,000)
4,688,000

(4,347,000)
0
(1,405,000)
(5,752,000)

(3,533,000)
0
(18,000)
(3,551,000)

(3,375,000)
0
(428,000)
(3,803,000)

(4,300,000)
1,743,000
(19,000)

34,000
1,322,000
(18,000)

(934,000)
2,486,000
(27,000)
($27,000)
Net cash flows-financing
1,349,000
Effect of exchange rate
(108,000)
Net cash flow
855,000

2,719,000
1,184,000
(3,000)
5,000
2,009,000
2,074,000

Ratio

Liquidity
Current
Quick

Asset
Management
Inventory Turnover
Days Sales
Outstanding (DSO)
Fixed Assets
Turnover
Total Assets
Turnover
Debt Management
Total Debt to total
assets
Times interest
earned

Profitability
Operating Margin
Profit Margin
Return on Total
Assets (ROA)
Basic Earning
Power (BEP)
Return on
Common Equity
(ROE)
Market Value
Price/ Earnings
(P/E)

Formula

FedEx 2013
Financial Ratios
Calculation

Ratio

Industry
Average

Current Assets /
Current Liabilities
(Current Assets
Inventories) /
Current Liabilities

11,274,000 /
5,750,000
(11,274,000
457,000) /
5,750,000

1.96

1.41

1.88

1.63

Sales / Inventories

20,359,000 /
457,000
5,044,000 /
(20,359,000/ 365)

44.54

29.44

20,359,000/
18,484,000
20,359,000/
33,587,000

1.10

1.47

0.60

1.47

Total Debt / Total

Assets
Earnings before
interest and taxes
(EBIT) / Interest
Charges

8,489,000 /
33,587,000
4,420,000 / 14,000

25.27 %

Operating Income
(EBIT) / Sales
Net Income / Sales

4,420,000 /
44,287,000
2,716,000 /
44,287,000
2,716,000 /
33,587,000
4.420,000 /
33,587,000
2,716,000 /
17,398,000

9.98 %

8.88

6.13 %

5.49

8.08 %

8.26

Receivables /
(Annual Sales /
365)
Sales / Net Fixed
Assets
Sales / Total
Assets

Net Income / Total

Assets
EBIT / Total Assets
Net Income /
Common Equity

Price per Share /

0.10/ (2,716,000 /
Earnings per Share 318,000,000)

90 days

315.71

13.15 %
15.61 %

48.07

11.70

25.84

Market/Book (M/B)

Ratio
Liquidity
Current
Quick

Asset
Management
Inventory
Turnover
Days Sales
Outstanding
(DSO)
Fixed Assets
Turnover
Total Assets
Turnover
Debt
Management
Total Debt to total
assets
Times interest
earned

Market Price Per

Share / Book Value
Per Share

Formula

FedEx 2014
Financial Ratios
Calculation

1.82

Ratio

Industry
Average

Current Assets /
Current Liabilities
(Current Assets
Inventories) /
Current Liabilities

9,683,000 /
5,312,000
(9,683,000
463,000) /
5,312,000

1.82

1.41

1.73

1.63

Sales / Inventories

22,113,000 /
463,000
5,460,000 /
(22,113,000 / 365)

47.76

29.44

22,113,000 /
19,550,000
22,113,000 /
33,070,000

1.13

1.47

0.66

1.47

10,048,000 /
33,070,000
3,818,000 / 3,000

30.38 %

3,818,000 /
45,567,000
2,324,000 /
45,567,000
2,324,000 /
33,070,000
3,818,000 /
33,587,000
2,324,000 /
15,277,000

8.37 %

8.88

5.10 %

5.49

7.02 %

8.26

Receivables /
(Annual Sales /
365)
Sales / Net Fixed
Assets
Sales / Total
Assets

Total Debt / Total

Assets
Earnings before
interest and taxes
(EBIT) / Interest
Charges

Profitability
Operating Margin Operating Income
(EBIT) / Sales
Profit Margin
Net Income / Sales
Return on Total
Assets (ROA)
Basic Earning
Power (BEP)
Return on
Common Equity
(ROE)

0.10 /
(17,398,000 /
318,000,000)

Net Income / Total

Assets
EBIT / Total Assets
Net Income /
Common Equity

90 days

1272.66

11.36 %
15.21 %

48.07

Market Value
Price/ Earnings
(P/E)
Market/Book
(M/B)

Price per Share /

Earnings per
Share
Market Price Per
Share / Book Value
Per Share

Ratio
Liquidity
Current
Quick

Asset
Management
Inventory Turnover
Days Sales
Outstanding (DSO)
Fixed Assets
Turnover
Total Assets
Turnover
Debt Management
Total Debt to total
assets
Times interest
earned

Profitability
Operating Margin
Profit Margin
Return on Total
Assets (ROA)
Basic Earning
Power (BEP)
Return on Common

0.10/ (2,324,000 /
318,000,000)

13.68

0.10 / (15,277,000/
318,000,000)

2.08

FedEx 2015
Financial Ratios
Formula
Calculation

25.84

Ratio

Industry
Average

Current Assets /
Current Liabilities
(Current Assets
Inventories) /
Current Liabilities

10,335,000 /
5,956,000
(10,335,000
498,000) /
5,956,000

1.73

1.41

1.65

1.63

Sales / Inventories

25,715,000 /
498,000
5,719,000 /
(25,715,000 / 365)

51.63

29.44

Receivables /
(Annual Sales /
365)
Sales / Net Fixed
25,715,000 /
Assets
20,875,000
Sales / Total Assets 25,715,000 /
36,531,000

81 days

Total Debt / Total

Assets
Earnings before
interest and taxes
(EBIT) / Interest
Charges

13,205,000 /
36,531,000
1,862,000 / 5,000

36.14 %

Operating Income
(EBIT) / Sales
Net Income / Sales

1,862,000 /
47,453,000
1,050,000 /
47,453,000
1,050,000 /
36,531,000
1,862,000 /
36,531,000
1,050,000 /

3.92 %

8.88

2.22 %

5.49

2.87 %

8.26

Net Income / Total

Assets
EBIT / Total Assets
Net Income /

1.23

1.47

0.70

1.47

372.4

5.09 %
7.00 %

48.07

Equity (ROE)
Market Value
Price/ Earnings
(P/E)
Market/Book (M/B)

Common Equity

14,993,000

Price per Share /

Earnings per Share
Market Price Per
Share / Book Value
Per Share

0.10/ (1,050,000 /
318,000,000)
0.10 / (14,993,000/
318,000,000)

30.28
2.12

25.84