Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

FedEx Corp. (NYSE:FDX)

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

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
Current portion of long-term debt 51  964  1,342  22  29  19 
Salaries 436  425  498  431  478  345 
Employee benefits, including variable compensation 319  552  933  781  804  507 
Compensated absences 814  764  746  702  690  584 
Accrued salaries and employee benefits 1,569  1,741  2,177  1,914  1,972  1,436 
Accounts payable 3,269  3,030  2,977  2,752  2,944  2,066 
Current portion of operating lease liabilities 1,923  —  —  —  —  — 
Self-insurance accruals 1,223  1,104  957  976  837  865 
Taxes other than income taxes 417  304  334  283  311  328 
Other 1,892  1,870  1,840  1,971  1,915  1,243 
Accrued expenses 3,532  3,278  3,131  3,230  3,063  2,436 
Current liabilities 10,344  9,013  9,627  7,918  8,008  5,957 
Long-term debt, less current portion 21,952  16,617  15,243  14,909  13,838  7,249 
Deferred income taxes 3,162  2,821  2,867  2,485  1,567  1,747 
Pension, postretirement healthcare and other benefit obligations 5,019  5,095  2,187  4,487  6,227  4,893 
Self-insurance accruals 2,104  1,899  1,784  1,494  1,314  1,120 
Operating lease liabilities, less current portion 12,195  —  —  —  —  — 
Deferred lease obligations —  531  551  531  400  711 
Other liabilities 466  670  655  655  926  399 
Other long-term liabilities 22,946  11,016  8,044  9,652  10,434  8,870 
Long-term liabilities 44,898  27,633  23,287  24,561  24,272  16,119 
Total liabilities 55,242  36,646  32,914  32,479  32,280  22,076 
Common stock, $0.10 par value 32  32  32  32  32  32 
Additional paid-in capital 3,356  3,231  3,117  3,005  2,892  2,786 
Retained earnings 25,216  24,648  24,823  20,833  18,371  16,900 
Accumulated other comprehensive income (loss) (1,147) (865) (578) (415) (169) 172 
Treasury stock, at cost (9,162) (9,289) (7,978) (7,382) (7,342) (4,897)
Common stockholders’ investment 18,295  17,757  19,416  16,073  13,784  14,993 
Total liabilities and common stockholders’ investment 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).

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.’s current liabilities decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. FedEx Corp.’s long-term liabilities increased from 2018 to 2019 and from 2019 to 2020.
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.’s total liabilities increased from 2018 to 2019 and from 2019 to 2020.
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’s 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.’s common stockholders’ investment decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.