10-Q Filing

FEDEX CORP CIK: 1048911 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-322538`
Period End Date	20150831
Filing Date	20150917
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	fdx-20150831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 38 Cash Flow Statement 49 Comprehensive Income 14

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Allowances for receivables	`AllowancesForReceivables`	$190.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.54B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.42B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.76B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.91B	USD	Point-in-time
Allowances for receivables	`AllowancesForReceivables`	$185.00M	USD	Point-in-time
Allowances for spare parts, supplies and fuel	`AllowancesForSparePartsSuppliesAndFuel`	$214.00M	USD	Point-in-time
Receivables, less allowances of $190 and $185	`ReceivablesNetCurrent`	$5.62B	USD	Point-in-time
Allowances for spare parts, supplies and fuel	`AllowancesForSparePartsSuppliesAndFuel`	$207.00M	USD	Point-in-time
Receivables, less allowances of $190 and $185	`ReceivablesNetCurrent`	$5.72B	USD	Point-in-time
Spare parts, supplies and fuel, less allowances of $214 and $207	`SparePartsSuppliesAndFuelLessAllowances`	$498.00M	USD	Point-in-time
Spare parts, supplies and fuel, less allowances of $214 and $207	`SparePartsSuppliesAndFuelLessAllowances`	$488.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$606.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$606.00M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpensesAndOther`	$449.00M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpensesAndOther`	$355.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.94B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.70B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	318.00M	shares	Point-in-time
PROPERTY AND EQUIPMENT, AT COST	`PropertyPlantAndEquipmentGross`	$43.99B	USD	Point-in-time
PROPERTY AND EQUIPMENT, AT COST	`PropertyPlantAndEquipmentGross`	$42.86B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	318.00M	shares	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$22.51B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$21.99B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$21.48B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$20.88B	USD	Point-in-time
Goodwill	`Goodwill`	$3.81B	USD	Point-in-time
Goodwill	`Goodwill`	$3.79B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.44B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.27B	USD	Point-in-time
Total other long-term assets	`TotalOtherLongtermAssets`	$5.06B	USD	Point-in-time
Total other long-term assets	`TotalOtherLongtermAssets`	$5.25B	USD	Point-in-time
ASSETS	`Assets`	$37.07B	USD	Point-in-time
ASSETS	`Assets`	$37.24B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$14.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$19.00M	USD	Point-in-time
Accrued salaries and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.35B	USD	Point-in-time
Accrued salaries and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.44B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.05B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.07B	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.43B	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.44B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.96B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.84B	USD	Point-in-time
LONG-TERM DEBT, LESS CURRENT PORTION	`LongTermDebtAndCapitalLeaseObligations`	$7.25B	USD	Point-in-time
LONG-TERM DEBT, LESS CURRENT PORTION	`LongTermDebtAndCapitalLeaseObligations`	$7.24B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.78B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.75B	USD	Point-in-time
Pension, postretirement healthcare and other benefit obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$4.89B	USD	Point-in-time
Pension, postretirement healthcare and other benefit obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$4.81B	USD	Point-in-time
Self-insurance accruals	`SelfInsuranceReserveNoncurrent`	$1.19B	USD	Point-in-time
Self-insurance accruals	`SelfInsuranceReserveNoncurrent`	$1.12B	USD	Point-in-time
Deferred lease obligations	`DeferredRentCreditNoncurrent`	$711.00M	USD	Point-in-time
Deferred lease obligations	`DeferredRentCreditNoncurrent`	$766.00M	USD	Point-in-time
Deferred gains, principally related to aircraft transactions	`SaleLeasebackTransactionDeferredGainNet`	$181.00M	USD	Point-in-time
Deferred gains, principally related to aircraft transactions	`SaleLeasebackTransactionDeferredGainNet`	$174.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$218.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$161.00M	USD	Point-in-time
Total other long-term liabilities	`OtherLiabilitiesNoncurrentTotal`	$8.87B	USD	Point-in-time
Total other long-term liabilities	`OtherLiabilitiesNoncurrentTotal`	$8.87B	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of August 31, 2015 and May 31, 2015	`CommonStockValue`	$32.00M	USD	Point-in-time
Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of August 31, 2015 and May 31, 2015	`CommonStockValue`	$32.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.81B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.79B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.43B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.90B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$459.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$172.00M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$5.01B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$4.90B	USD	Point-in-time
Total common stockholders' investment	`StockholdersEquity`	$14.99B	USD	Point-in-time
Total common stockholders' investment	`StockholdersEquity`	$15.28B	USD	Point-in-time
LIABILITIES AND STOCKHOLDERS' INVESTMENT	`LiabilitiesAndStockholdersEquity`	$37.07B	USD	Point-in-time
LIABILITIES AND STOCKHOLDERS' INVESTMENT	`LiabilitiesAndStockholdersEquity`	$37.24B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$11.68B	USD	1 Quarter
REVENUES	`Revenues`	$12.28B	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$4.11B	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$4.53B	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$2.34B	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$2.05B	USD	1 Quarter
Rentals and landing fees	`RentalsAndLandingFees`	$695.00M	USD	1 Quarter
Rentals and landing fees	`RentalsAndLandingFees`	$660.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$651.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$648.00M	USD	1 Quarter
Fuel	`FuelCosts`	$712.00M	USD	1 Quarter
Fuel	`FuelCosts`	$1.12B	USD	1 Quarter
Maintenance and repairs	`CostOfPropertyRepairsAndMaintenance`	$556.00M	USD	1 Quarter
Maintenance and repairs	`CostOfPropertyRepairsAndMaintenance`	$548.00M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$1.47B	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$1.66B	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$11.13B	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$10.62B	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.14B	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.06B	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$-48.00M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$-63.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$3.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-2.00M	USD	1 Quarter
OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-60.00M	USD	1 Quarter
OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-50.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.01B	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.08B	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$359.00M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$392.00M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$653.00M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$692.00M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.45	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.29	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.26	USD	1 Quarter
DIVIDENDS DECLARED PER COMMON SHARE	`CommonStockDividendsPerShareDeclared`	$0.40	USD	1 Quarter
DIVIDENDS DECLARED PER COMMON SHARE	`CommonStockDividendsPerShareDeclared`	$0.50	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$653.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$692.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$651.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$648.00M	USD	1 Quarter
Provision for uncollectible accounts	`ProvisionForDoubtfulAccounts`	$35.00M	USD	1 Quarter
Provision for uncollectible accounts	`ProvisionForDoubtfulAccounts`	$28.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$48.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$53.00M	USD	1 Quarter
Deferred income taxes and other noncash items	`DeferredIncomeTaxesAndOtherNoncashItems`	$-22.00M	USD	1 Quarter
Deferred income taxes and other noncash items	`DeferredIncomeTaxesAndOtherNoncashItems`	$20.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$50.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-86.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-30.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-89.00M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-257.00M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-151.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-10.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-10.00M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$982.00M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.24B	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.21B	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$720.00M	USD	1 Quarter
Proceeds from asset dispositions and other	`ProceedsFromAssetDispositionsAndOther`	$4.00M	USD	1 Quarter
Proceeds from asset dispositions and other	`ProceedsFromAssetDispositionsAndOther`	$10.00M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-716.00M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.20B	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$15.00M	USD	1 Quarter
Proceeds from stock issuances	`ProceedsFromIssuanceOrSaleOfEquity`	$97.00M	USD	1 Quarter
Proceeds from stock issuances	`ProceedsFromIssuanceOrSaleOfEquity`	$46.00M	USD	1 Quarter
Excess tax benefit on the exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$6.00M	USD	1 Quarter
Excess tax benefit on the exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$10.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$71.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$57.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$190.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$791.00M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-224.00M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-741.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-38.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-17.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-492.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-220.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.54B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.42B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.76B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.91B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.54B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.42B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.76B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.91B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$653.00M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$692.00M	USD	1 Quarter
Foreign currency translation adjustments, net of tax of $13 in 2015 and $9 in 2014	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-138.00M	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$9.00M	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$13.00M	USD	1 Quarter
Foreign currency translation adjustments, net of tax of $13 in 2015 and $9 in 2014	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-31.00M	USD	1 Quarter
Amortization of prior service credit, net of tax of $7 in 2015 and $10 in 2014	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$24.00M	USD	1 Quarter
Amortization of prior service credit, net of tax of $7 in 2015 and $10 in 2014	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$16.00M	USD	1 Quarter
Amortization of prior service credit, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$7.00M	USD	1 Quarter
Amortization of prior service credit, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$10.00M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-47.00M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-162.00M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$606.00M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$530.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.