Stock Analysis on Net
Stock Analysis on Net

FedEx Corp. (NYSE:FDX)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 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
Short-term borrowings —  —  300  150  —  —  225  250  299  —  799  250  —  —  —  —  —  —  —  —  —  —  —  —  — 
Current portion of long-term debt 87  51  35  16  35  964  973  642  1,404  1,342  764  11  19  22  45  43  47  29  11  14  14  19  —  — 
Accrued salaries and employee benefits 1,756  1,569  1,472  1,632  1,522  1,741  1,659  1,850  1,686  2,177  1,945  1,912  1,656  1,914  1,690  1,765  1,603  1,972  1,451  1,510  1,355  1,436  1,231  1,219  1,103 
Accounts payable 3,339  3,269  3,193  3,283  3,179  3,030  3,156  3,400  3,066  2,977  3,102  3,147  2,938  2,752  2,707  2,954  2,851  2,944  2,024  2,129  2,049  2,066  2,050  1,968  1,973 
Current portion of operating lease liabilities 2,024  1,923  1,902  1,928  1,896  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Accrued expenses 3,989  3,532  3,423  3,538  3,303  3,278  3,243  3,354  3,151  3,131  2,893  2,907  3,177  3,230  3,008  3,045  2,973  3,063  2,453  2,298  2,426  2,436  1,962  1,986  2,076 
Current liabilities 11,195  10,344  10,325  10,547  9,935  9,013  9,256  9,496  9,606  9,627  9,503  8,227  7,790  7,918  7,450  7,807  7,474  8,008  5,939  5,951  5,844  5,957  5,243  5,173  5,153 
Long-term debt, less current portion 23,204  21,952  18,973  18,691  18,726  16,617  17,218  16,399  15,241  15,243  16,017  15,180  15,137  14,909  14,713  13,553  13,735  13,838  8,477  8,481  7,244  7,249  7,228  4,735  4,735 
Deferred income taxes 3,171  3,162  3,101  3,072  2,953  2,821  3,211  3,253  2,948  2,867  2,401  3,088  2,730  2,485  2,299  2,148  1,762  1,567  2,046  1,759  1,781  1,747  2,497  2,104  2,107 
Pension, postretirement healthcare and other benefit obligations 5,036  5,019  4,165  4,156  4,132  5,095  1,847  1,735  1,963  2,187  2,181  3,868  4,313  4,487  4,670  5,845  6,063  6,227  4,628  4,702  4,806  4,893  2,962  3,136  3,313 
Self-insurance accruals 2,147  2,104  1,933  1,921  1,924  1,899  1,861  1,844  1,809  1,784  1,715  1,651  1,603  1,494  1,376  1,349  1,338  1,314  1,282  1,265  1,186  1,120  1,092  1,072  1,047 
Operating lease liabilities, less current portion 12,714  12,195  12,232  12,432  12,137  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Deferred lease obligations —  —  —  —  —  531  512  605  557  551  532  633  575  531  456  547  457  400  723  840  766  711  694  832  748 
Other liabilities 719  466  454  476  479  670  665  663  604  655  608  579  584  655  633  568  604  926  397  383  335  399  380  369  363 
Other long-term liabilities 23,787  22,946  21,885  22,057  21,625  11,016  8,096  8,100  7,881  8,044  7,437  9,819  9,805  9,652  9,434  10,457  10,224  10,434  9,076  8,949  8,874  8,870  7,625  7,513  7,578 
Long-term liabilities 46,991  44,898  40,858  40,748  40,351  27,633  25,314  24,499  23,122  23,287  23,454  24,999  24,942  24,561  24,147  24,010  23,959  24,272  17,553  17,430  16,118  16,119  14,853  12,248  12,313 
Total liabilities 58,186  55,242  51,183  51,295  50,286  36,646  34,570  33,995  32,728  32,914  32,957  33,226  32,732  32,479  31,597  31,817  31,433  32,280  23,492  23,381  21,962  22,076  20,096  17,421  17,466 
Common stock, $0.10 par value 32  32  32  32  32  32  32  32  32  32  32  32  32  32  32  32  32  32  32  32  32  32  32  32  32 
Additional paid-in capital 3,375  3,356  3,324  3,287  3,257  3,231  3,209  3,185  3,154  3,117  3,085  3,055  3,030  3,005  2,976  2,946  2,918  2,892  2,869  2,839  2,814  2,786  2,739  2,618  2,629 
Retained earnings 26,108  25,216  25,569  25,431  25,048  24,648  26,650  26,080  25,315  24,823  23,710  21,785  21,156  20,833  19,830  19,410  18,862  18,371  18,481  18,048  17,434  16,900  21,880  21,480  20,921 
Accumulated other comprehensive income (loss) (1,020) (1,147) (887) (866) (918) (865) (737) (817) (763) (578) (357) (434) (325) (415) (334) (425) (176) (169) (159) (41) 10  172  (3,909) (3,787) (3,694)
Treasury stock, at cost (9,033) (9,162) (9,207) (9,225) (9,253) (9,289) (9,260) (9,186) (8,565) (7,978) (7,576) (7,383) (7,275) (7,382) (7,320) (7,432) (7,494) (7,342) (6,896) (5,888) (5,007) (4,897) (4,730) (4,780) (4,767)
Common stockholders’ investment 19,462  18,295  18,831  18,659  18,166  17,757  19,894  19,294  19,173  19,416  18,894  17,055  16,618  16,073  15,184  14,531  14,142  13,784  14,327  14,990  15,283  14,993  16,012  15,563  15,121 
Total liabilities and common stockholders’ investment 77,648  73,537  70,014  69,954  68,452  54,403  54,464  53,289  51,901  52,330  51,851  50,281  49,350  48,552  46,781  46,348  45,575  46,064  37,819  38,371  37,245  37,069  36,108  32,984  32,587 

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-07-20), 10-Q (filing date: 2020-03-17), 10-Q (filing date: 2019-12-17), 10-Q (filing date: 2019-09-17), 10-K (filing date: 2019-07-16), 10-Q (filing date: 2019-03-19), 10-Q (filing date: 2018-12-18), 10-Q (filing date: 2018-09-17), 10-K (filing date: 2018-07-16), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-07-17), 10-Q (filing date: 2017-03-22), 10-Q (filing date: 2016-12-21), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-07-18), 10-Q (filing date: 2016-03-17), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-17), 10-K (filing date: 2015-07-14), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-18), 10-Q (filing date: 2014-09-18).

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 increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 exceeding Q3 2020 level.