FedEx Corp., Common-Size Consolidated Income Statement
|
12 months ended |
May 31, 2018 |
|
May 31, 2017 |
|
May 31, 2016 |
|
May 31, 2015 |
|
May 31, 2014 |
|
May 31, 2013 |
|
|
|
Revenues |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
|
|
Purchased transportation |
-23.07% |
|
-22.60% |
|
-19.79% |
|
-17.88% |
|
-17.58% |
|
-16.42% |
|
|
|
Rentals and landing fees |
-5.14% |
|
-5.37% |
|
-5.67% |
|
-5.65% |
|
-5.75% |
|
-5.69% |
|
|
|
Fuel |
-5.16% |
|
-4.60% |
|
-4.76% |
|
-7.84% |
|
-10.00% |
|
-10.72% |
|
|
|
Maintenance and repairs |
-4.01% |
|
-3.94% |
|
-4.19% |
|
-4.42% |
|
-4.09% |
|
-4.31% |
|
|
|
Cost of revenue |
-37.37% |
|
-36.50% |
|
-34.40% |
|
-35.79% |
|
-37.42% |
|
-37.14% |
|
|
|
Gross profit |
62.63% |
|
63.50% |
|
65.60% |
|
64.21% |
|
62.58% |
|
62.86% |
|
|
|
Salaries and employee benefits |
-35.46% |
|
-35.71% |
|
-36.89% |
|
-36.06% |
|
-36.33% |
|
-37.42% |
|
|
|
Depreciation and amortization |
-4.73% |
|
-4.97% |
|
-5.22% |
|
-5.50% |
|
-5.68% |
|
-5.39% |
|
|
|
Goodwill and other asset impairment charges |
-0.58% |
|
0.00% |
|
0.00% |
|
-0.58% |
|
0.00% |
|
-1.49% |
|
|
|
Retirement plans mark-to-market adjustment |
0.02% |
|
0.04% |
|
-2.97% |
|
-4.62% |
|
0.00% |
|
0.00% |
|
|
|
Other |
-14.44% |
|
-14.51% |
|
-14.40% |
|
-13.52% |
|
-13.01% |
|
-12.81% |
|
|
|
Operating income |
7.44% |
|
8.35% |
|
6.11% |
|
3.93% |
|
7.56% |
|
5.76% |
|
|
|
Interest expense |
-0.85% |
|
-0.85% |
|
-0.67% |
|
-0.50% |
|
-0.35% |
|
-0.19% |
|
|
|
Interest income |
0.07% |
|
0.05% |
|
0.04% |
|
0.03% |
|
0.04% |
|
0.05% |
|
|
|
Other, net |
-0.01% |
|
0.03% |
|
-0.04% |
|
-0.04% |
|
-0.03% |
|
-0.08% |
|
|
|
Other income (expense) |
-0.79% |
|
-0.76% |
|
-0.67% |
|
-0.51% |
|
-0.34% |
|
-0.22% |
|
|
|
Income before income taxes |
6.65% |
|
7.59% |
|
5.44% |
|
3.43% |
|
7.22% |
|
5.54% |
|
|
|
(Provision) benefit for income taxes |
0.33% |
|
-2.62% |
|
-1.83% |
|
-1.22% |
|
-2.62% |
|
-2.02% |
|
|
|
Net income |
6.99% |
|
4.97% |
|
3.61% |
|
2.21% |
|
4.60% |
|
3.52% |
|
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 |
| Operating income |
The net result for the period of deducting operating expenses from operating revenues. |
FedEx Corp.’s operating income as a percentage of revenues increased from 2016 to 2017 but then slightly declined from 2017 to 2018.
|
| Income before income taxes |
Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. |
FedEx Corp.’s income before income taxes as a percentage of revenues increased from 2016 to 2017 but then slightly declined from 2017 to 2018.
|
| Net income |
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. |
FedEx Corp.’s net income as a percentage of revenues increased from 2016 to 2017 and from 2017 to 2018.
|