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FedEx Corp. (FDX)

Statement of Financial Position, Liabilities and Stockholders' Equity
Quarterly Data

Difficulty: Beginner

  • Annual Data
  • Quarterly Data

    • The statement of financial position 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 Statement of Financial Position, Liabilities and Stockholders' Equity (quarterly data)

    USD $ in millions

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    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 May 31, 2014 Feb 28, 2014 Nov 30, 2013 Aug 31, 2013 May 31, 2013 Feb 28, 2013 Nov 30, 2012 Aug 31, 2012
    Short-term borrowings 299  – 799  250  – – – – – – – – – – – – – – – – – – – – –
    Current portion of long-term debt 1,404  1,342  764  11  19  22  45  43  47  29  11  14  14  19  – – 1  1  1  251  254  251  251  1  117 
    Accrued salaries and employee benefits 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  1,277  1,284  1,403  1,366  1,688  1,395  1,297  1,157 
    Accounts payable 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  1,971  1,903  1,868  1,879  1,879  1,730  1,730  1,643 
    Accrued expenses 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  2,063  1,831  1,884  2,024  1,932  1,723  1,800  1,892 
    Current liabilities 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  5,312  5,019  5,406  5,523  5,750  5,099  4,828  4,809 
    Long-term debt, less current portion 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  4,736  4,735  2,739  2,739  2,739  1,991  2,241  2,242 
    Deferred income taxes 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  2,114  2,083  1,945  1,820  1,652  1,139  973  879 
    Pension, postretirement healthcare and other benefit obligations 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  3,484  3,586  3,704  3,813  3,916  5,361  5,447  5,519 
    Self-insurance accruals 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  1,038  1,028  1,009  996  987  989  985  987 
    Deferred lease obligations 557  551  532  633  575  531  456  547  457  400  723  840  766  711  694  832  748  758  741  882  797  778  766  910  839 
    Deferred gains, principally related to aircraft transactions 156  121  124  122  126  137  142  145  150  155  161  167  174  181  187  193  200  206  208  215  221  227  234  239  245 
    Other liabilities 448  534  484  457  458  518  491  423  454  771  236  216  161  218  193  176  163  145  102  109  109  120  139  146  147 
    Other long-term liabilities 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  7,745  7,748  7,864  7,756  7,680  8,628  8,700  8,616 
    Noncurrent liabilities 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  12,481  12,483  10,603  10,495  10,419  10,619  10,941  10,858 
    Total liabilities 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  17,793  17,502  16,009  16,018  16,169  15,718  15,769  15,667 
    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 3,154  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  2,643  2,259  2,666  2,696  2,668  2,623  2,635  2,612 
    Retained earnings 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  20,429  19,699  19,366  18,913  18,519  18,216  17,899  17,505 
    Accumulated other comprehensive income (loss) (763) (578) (357) (434) (325) (415) (334) (425) (176) (169) (159) (41) 10  172  (3,909) (3,787) (3,694) (3,694) (3,754) (3,769) (3,857) (3,820) (4,710) (4,770) (4,847)
    Treasury stock, at cost (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) (4,133) (3,009) (762) (129) (1) (49) (253) (278)
    Common stockholders' investment 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  15,277  15,227  17,533  17,655  17,398  16,112  15,543  15,024 
    Total liabilities and stockholders' investment 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  33,070  32,729  33,542  33,673  33,567  31,830  31,312  30,691 
    Source: FedEx Corp., Quarterly and Annual Reports
    Item Description The company
    Accounts payable Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). FedEx Corp.'s accounts payable declined from Q3 2018 to Q4 2018 but then increased from Q4 2018 to Q1 2019 not reaching Q3 2018 level.
    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 2018 to Q4 2018 but then slightly declined from Q4 2018 to Q1 2019.
    Noncurrent liabilities Total obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle. FedEx Corp.'s noncurrent liabilities declined from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.
    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 declined from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.
    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). FedEx Corp.'s common stockholders' investment increased from Q3 2018 to Q4 2018 but then slightly declined from Q4 2018 to Q1 2019.