Common-Size Income Statement

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FedEx Corp., Common-Size Consolidated Income Statement

 
12 months ended May 31, 2017 May 31, 2016 May 31, 2015 May 31, 2014 May 31, 2013 May 31, 2012
Revenues 100.00    100.00    100.00    100.00    100.00    100.00   
Purchased transportation -22.60    -19.79    -17.88    -17.58    -16.42    -14.84   
Rentals and landing fees -5.37    -5.67    -5.65    -5.75    -5.69    -5.83   
Fuel -4.60    -4.76    -7.84    -10.00    -10.72    -11.61   
Maintenance and repairs -3.94    -4.19    -4.42    -4.09    -4.31    -4.64   
Cost of revenue -36.50% -34.40% -35.79% -37.42% -37.14% -36.92%
Gross profit 63.50% 65.60% 64.21% 62.58% 62.86% 63.08%
Salaries and employee benefits -35.71    -36.89    -36.06    -36.33    -37.42    -37.72   
Depreciation and amortization -4.97    -5.22    -5.50    -5.68    -5.39    -4.95   
Impairment and other charges –    –    -0.58    –    -1.49    -0.31   
Retirement plans mark-to-market adjustment 0.04    -2.97    -4.62    –    –    –   
Other -14.51    -14.40    -13.52    -13.01    -12.81    -12.63   
Operating income 8.35% 6.11% 3.93% 7.56% 5.76% 7.46%
Interest expense -0.85    -0.67    -0.50    -0.35    -0.19    -0.12   
Interest income 0.05    0.04    0.03    0.04    0.05    0.03   
Other, net 0.03    -0.04    -0.04    -0.03    -0.08    -0.01   
Other income (expense) -0.76% -0.67% -0.51% -0.34% -0.22% -0.11%
Income before income taxes 7.59% 5.44% 3.43% 7.22% 5.54% 7.36%
Provision for income taxes -2.62    -1.83    -1.22    -2.62    -2.02    -2.60   
Net income 4.97% 3.61% 2.21% 4.60% 3.52% 4.76%

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