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Statement of Cash Flows

Difficulty: Beginner

The cash flow statement provides information about a company's cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company's statement of financial position.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

FedEx Corp., Consolidated Statement of Cash Flows

USD $ in millions

Microsoft Excel LibreOffice Calc
12 months ended May 31, 2018 May 31, 2017 May 31, 2016 May 31, 2015 May 31, 2014 May 31, 2013
Net income 4,572  2,997  1,820  1,050  2,097  1,561 
Depreciation and amortization 3,095  2,995  2,631  2,611  2,587  2,386 
Provision for uncollectible accounts 246  136  121  145  130  167 
Deferred income taxes and other noncash items (231) 909  31  (572) 581  521 
Stock-based compensation 167  154  144  133  117  109 
Retirement plans mark-to-market adjustment (10) (24) 1,498  2,190  –  – 
Gain from sale of business (85) –  –  –  –  – 
Gain from sale of investment –  (35) –  –  –  – 
Goodwill and other asset impairment charges 380  –  –  246  –  479 
Receivables (1,049) (556) (199) (392) (516) (451)
Other current assets (135) 78  (234) 25  (22) 257 
Pension and postretirement healthcare assets and liabilities, net (2,345) (1,688) (346) (692) (453) (335)
Accounts payable and other liabilities 141  103  467  659  (235) 10 
Other, net (72) (139) (225) (37) (22) (16)
Changes in assets and liabilities (3,460) (2,202) (537) (437) (1,248) (535)
Adjustments to reconcile net income to cash provided by operating activities 102  1,933  3,888  4,316  2,167  3,127 
Cash provided by operating activities 4,674  4,930  5,708  5,366  4,264  4,688 
Capital expenditures (5,663) (5,116) (4,818) (4,347) (3,533) (3,375)
Business acquisitions, net of cash acquired (179) –  (4,618) (1,429) (36) (483)
Proceeds from sale of business 123  –  –  –  –  – 
Proceeds from asset dispositions and other 42  135  (10) 24  18  55 
Cash used in investing activities (5,677) (4,981) (9,446) (5,752) (3,551) (3,803)
Principal payments on debt (38) (82) (41) (5) (254) (417)
Proceeds from debt issuances 1,480  1,190  6,519  2,491  1,997  1,739 
Proceeds from stock issuances 327  337  183  320  557  280 
Excess tax benefit on the exercise of stock options –  –  51  44  23 
Dividends paid (535) (426) (277) (227) (187) (177)
Purchase of treasury stock (1,017) (509) (2,722) (1,254) (4,857) (246)
Other, net 10  18  (54) (27) (19) (18)
Cash provided by (used in) financing activities 227  528  3,611  1,349  (2,719) 1,184 
Effect of exchange rate changes on cash 72  (42) (102) (108) (3)
Net increase (decrease) in cash and cash equivalents (704) 435  (229) 855  (2,009) 2,074 
Cash and cash equivalents at beginning of period 3,969  3,534  3,763  2,908  4,917  2,843 
Cash and cash equivalents at end of period 3,265  3,969  3,534  3,763  2,908  4,917 

Based on: 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), 10-K (filing date: 2014-07-14), 10-K (filing date: 2013-07-15).

Item Description The company
Cash provided by operating activities The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. FedEx Corp.'s cash provided by operating activities declined from 2016 to 2017 and from 2017 to 2018.