Stock Analysis on Net

FedEx Corp. (NYSE:FDX)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

FedEx Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016
Current portion of long-term debt 0.18 0.07 1.77 2.56 0.05 0.06
Salaries 0.76 0.59 0.78 0.95 0.89 1.04
Employee benefits, including variable compensation 1.63 0.43 1.01 1.78 1.61 1.75
Compensated absences 1.12 1.11 1.40 1.43 1.45 1.50
Accrued salaries and employee benefits 3.51% 2.13% 3.20% 4.16% 3.94% 4.28%
Accounts payable 4.64 4.45 5.57 5.69 5.67 6.39
Current portion of operating lease liabilities 2.67 2.62 0.00 0.00 0.00 0.00
Self-insurance accruals 1.85 1.66 2.03 1.83 2.01 1.82
Taxes other than income taxes 0.77 0.57 0.56 0.64 0.58 0.68
Other 2.89 2.57 3.44 3.52 4.06 4.16
Accrued expenses 5.51% 4.80% 6.03% 5.98% 6.65% 6.65%
Current liabilities 16.50% 14.07% 16.57% 18.40% 16.31% 17.38%
Long-term debt, less current portion 25.05 29.85 30.54 29.13 30.71 30.04
Deferred income taxes 4.74 4.30 5.19 5.48 5.12 3.40
Pension, postretirement healthcare and other benefit obligations 4.23 6.83 9.37 4.18 9.24 13.52
Self-insurance accruals 2.94 2.86 3.49 3.41 3.08 2.85
Operating lease liabilities, less current portion 16.16 16.58 0.00 0.00 0.00 0.00
Deferred lease obligations 0.00 0.00 0.98 1.05 1.09 0.87
Other liabilities 1.19 0.63 1.23 1.25 1.35 2.01
Other long-term liabilities 29.25% 31.20% 20.25% 15.37% 19.88% 22.65%
Long-term liabilities 54.30% 61.05% 50.79% 44.50% 50.59% 52.69%
Total liabilities 70.80% 75.12% 67.36% 62.90% 66.90% 70.08%
Common stock, $0.10 par value 0.04 0.04 0.06 0.06 0.07 0.07
Additional paid-in capital 4.21 4.56 5.94 5.96 6.19 6.28
Retained earnings 36.02 34.29 45.31 47.44 42.91 39.88
Accumulated other comprehensive loss -0.88 -1.56 -1.59 -1.10 -0.85 -0.37
Treasury stock, at cost -10.18 -12.46 -17.07 -15.25 -15.20 -15.94
Common stockholders’ investment 29.20% 24.88% 32.64% 37.10% 33.10% 29.92%
Total liabilities and common stockholders’ investment 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. FedEx Corp. current liabilities as a percentage of total liabilities and common stockholders’ investment decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. FedEx Corp. long-term liabilities as a percentage of total liabilities and common stockholders’ investment increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. FedEx Corp. total liabilities as a percentage of total liabilities and common stockholders’ investment increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Common stockholders’ investment Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. FedEx Corp. common stockholders’ investment as a percentage of total liabilities and common stockholders’ investment decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.