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% | |