Stock Analysis on Net
Stock Analysis on Net
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FedEx Corp. (NYSE:FDX)

Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

FedEx Corp., consolidated balance sheet: assets

US$ in millions

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May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016 May 31, 2015
Cash and cash equivalents 4,881  2,319  3,265  3,969  3,534  3,763 
Receivables, less allowances 10,102  9,116  8,481  7,599  7,252  5,719 
Spare parts, supplies and fuel, less allowances 572  553  525  514  496  498 
Deferred income taxes —  —  —  —  —  606 
Prepaid expenses and other 828  1,098  1,070  546  707  355 
Current assets 16,383  13,086  13,341  12,628  11,989  10,941 
Net property and equipment 33,608  30,429  28,154  25,981  24,284  20,875 
Operating lease right-of-use assets, net 13,917  —  —  —  —  — 
Goodwill 6,372  6,884  6,973  7,154  6,747  3,810 
Other assets 3,257  4,004  3,862  2,789  3,044  1,443 
Other long-term assets 23,546  10,888  10,835  9,943  9,791  5,253 
Long-term assets 57,154  41,317  38,989  35,924  34,075  26,128 
Total assets 73,537  54,403  52,330  48,552  46,064  37,069 

Based on: 10-K (filing date: 2020-07-20), 10-K (filing date: 2019-07-16), 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).

Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. FedEx Corp.’s current assets decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Net property and equipment Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. FedEx Corp.’s net property and equipment increased from 2018 to 2019 and from 2019 to 2020.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. FedEx Corp.’s long-term assets increased from 2018 to 2019 and from 2019 to 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. FedEx Corp.’s total assets increased from 2018 to 2019 and from 2019 to 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. FedEx Corp.’s cash and cash equivalents decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Receivables, less allowances The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. FedEx Corp.’s receivables, less allowances increased from 2018 to 2019 and from 2019 to 2020.
Spare parts, supplies and fuel, less allowances Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. FedEx Corp.’s spare parts, supplies and fuel, less allowances increased from 2018 to 2019 and from 2019 to 2020.