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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
FedEx Corp., Consolidated Income Statement
USD $ in millions
|12 months ended||May 31, 2018||May 31, 2017||May 31, 2016||May 31, 2015||May 31, 2014||May 31, 2013|
|Rentals and landing fees|
|Maintenance and repairs|
|Cost of revenue|
|Salaries and employee benefits|
|Depreciation and amortization|
|Goodwill and other asset impairment charges|
|Retirement plans mark-to-market adjustment|
|Other income (expense)|
|Income before income taxes|
|Provision for income taxes (benefit)|
|Revenues||Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.||FedEx Corp.'s revenues increased from 2016 to 2017 and from 2017 to 2018.|
|Operating income||The net result for the period of deducting operating expenses from operating revenues.||FedEx Corp.'s operating income increased from 2016 to 2017 but then slightly declined from 2017 to 2018.|
|Income before income taxes||Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.||FedEx Corp.'s income before income taxes increased from 2016 to 2017 but then slightly declined from 2017 to 2018.|
|Net income||The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes.||FedEx Corp.'s net income increased from 2016 to 2017 and from 2017 to 2018.|