.Income Statement Quarterly Data
Difficulty: Beginner
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 (quarterly data)
USD $ in millions
| 3 months ended | Feb 28, 2018 | Nov 30, 2017 | Aug 31, 2017 | May 31, 2017 | Feb 28, 2017 | Nov 30, 2016 | Aug 31, 2016 | May 31, 2016 | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 | Feb 28, 2015 | Nov 30, 2014 | Aug 31, 2014 | May 31, 2014 | Feb 28, 2014 | Nov 30, 2013 | Aug 31, 2013 | May 31, 2013 | Feb 28, 2013 | Nov 30, 2012 | Aug 31, 2012 | May 31, 2012 | Feb 29, 2012 | Nov 30, 2011 | Aug 31, 2011 | ||||||||||||||||||||||||||||
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| | Revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Purchased transportation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Rentals and landing fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Fuel | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Maintenance and repairs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Cost of revenue | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||
| | Gross profit | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||
| | Salaries and employee benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Depreciation and amortization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Impairment and other charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Retirement plans mark-to-market adjustment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Operating income | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||
| | Interest, net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Other, net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Other income (expense) | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||
| | Income before income taxes | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||
| | Provision for income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Net income | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Item | Description | The company |
|---|---|---|
| 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 Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018. |
| Operating income | The net result for the period of deducting operating expenses from operating revenues. | FedEx Corp.'s operating income increased from Q1 2018 to Q2 2018 but then declined significantly from Q2 2018 to Q3 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 Q1 2018 to Q2 2018 but then declined significantly from Q2 2018 to Q3 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 Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018. |
