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Microsoft Excel LibreOffice Calc


Analysis of Revenues

Difficulty: Advanced


Revenue Recognition Accounting Policy

FedEx recognizes revenue upon delivery of shipments for the transportation businesses and upon completion of services for the business services, logistics and trade services businesses. Transportation services are provided with the use of employees and agents such as independent contractors. FedEx is the principal to the transaction for most of these services and revenue from these transactions is recognized on a gross basis. Costs associated with agents are recognized as incurred and included in the caption "Purchased transportation" in the accompanying consolidated statements of income. For shipments in transit, revenue is recorded based on the percentage of service completed at the balance sheet date. Estimates for future billing adjustments to revenue and accounts receivable are recognized at the time of shipment for money-back service guarantees and billing corrections. Delivery costs are accrued as incurred.

FedEx's contract logistics, global trade services and certain transportation businesses engage in some transactions wherein they act as agents. Revenue from these transactions is recorded on a net basis. Net revenue includes billings to customers less third-party charges, including transportation or handling costs, fees, commissions and taxes and duties.

Certain of FedEx's revenue-producing transactions are subject to taxes, such as sales tax, assessed by governmental authorities. FedEx presents these revenues net of tax.

Source: 10-K (filing date: 2018-07-16).


Revenues as Reported

FedEx Corp., Income Statement, Revenues

USD $ in millions

Microsoft Excel LibreOffice Calc
12 months ended May 31, 2018 May 31, 2017 May 31, 2016 May 31, 2015 May 31, 2014 May 31, 2013
FedEx Express Segment hidden hidden hidden hidden hidden hidden
FedEx Ground Segment hidden hidden hidden hidden hidden hidden
FedEx Freight Segment hidden hidden hidden hidden hidden hidden
FedEx Services Segment hidden hidden hidden hidden hidden hidden
Corporate, other and eliminations hidden hidden hidden hidden hidden hidden
Consolidated revenues hidden hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-07-16), 10-K (filing date: 2017-07-17), 10-K (filing date: 2016-07-18), 10-K (filing date: 2015-07-14), 10-K (filing date: 2014-07-14), 10-K (filing date: 2013-07-15).

Item Description The company
Consolidated revenues Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). FedEx Corp.'s consolidated revenues increased from 2016 to 2017 and from 2017 to 2018.