Stock Analysis on Net

FedEx Corp. (NYSE:FDX)

Balance Sheet: Liabilities and Stockholders’ Equity 

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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

Microsoft Excel
May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019 May 31, 2018
Current portion of long-term debt 126 82 146 51 964 1,342
Salaries 828 751 626 436 425 498
Employee benefits, including variable compensation 689 834 1,350 319 552 933
Compensated absences 958 946 927 814 764 746
Accrued salaries and employee benefits 2,475 2,531 2,903 1,569 1,741 2,177
Accounts payable 3,848 4,030 3,841 3,269 3,030 2,977
Current portion of operating lease liabilities 2,390 2,443 2,208 1,923
Self-insurance accruals 1,730 1,646 1,535 1,223 1,104 957
Taxes other than income taxes 305 532 637 417 304 334
Other 2,712 3,010 2,390 1,892 1,870 1,840
Accrued expenses 4,747 5,188 4,562 3,532 3,278 3,131
Current liabilities 13,586 14,274 13,660 10,344 9,013 9,627
Long-term debt, less current portion 20,453 20,182 20,733 21,952 16,617 15,243
Deferred income taxes 4,489 4,093 3,927 3,162 2,821 2,867
Pension, postretirement healthcare, and other benefit obligations 3,130 4,448 3,501 5,019 5,095 2,187
Self-insurance accruals 3,339 2,889 2,430 2,104 1,899 1,784
Operating lease liabilities, less current portion 15,363 14,487 13,375 12,195
Deferred lease obligations 531 551
Other liabilities 695 682 983 466 670 655
Other long-term liabilities 27,016 26,599 24,216 22,946 11,016 8,044
Long-term liabilities 47,469 46,781 44,949 44,898 27,633 23,287
Total liabilities 61,055 61,055 58,609 55,242 36,646 32,914
Common stock, $0.10 par value 32 32 32 32 32 32
Additional paid-in capital 3,769 3,712 3,481 3,356 3,231 3,117
Retained earnings 35,259 32,782 29,817 25,216 24,648 24,823
Accumulated other comprehensive loss (1,327) (1,103) (732) (1,147) (865) (578)
Treasury stock, at cost (11,645) (10,484) (8,430) (9,162) (9,289) (7,978)
Common stockholders’ investment 26,088 24,939 24,168 18,295 17,757 19,416
Total liabilities and common stockholders’ investment 87,143 85,994 82,777 73,537 54,403 52,330

Based on: 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 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).

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 increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. FedEx Corp. long-term liabilities increased from 2021 to 2022 and from 2022 to 2023.
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.
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 increased from 2021 to 2022 and from 2022 to 2023.