FedEx Corporation – Company Information

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FedEx Corporation is an American multinational courier delivery services company, based in Memphis, Tennessee, USA.

The company has a broad portfolio of transportation, e-commerce and business services which are operated independently and managed collaboratively, under the FedEx brand.

These companies are included in four business segments:

FedEx Express – an express transportation company, providing delivery services to approximately 220 countries and territories. This segment also includes segment also includes FedEx Trade Networks, Inc. (provides international trade services), and FedEx SupplyChain Systems, Inc. (offers supply chain solutions).

FedEx Ground – this segment focuses on small-package ground delivery services in the United States and Canada.

FedEx Freight – provides less-than-truckload (“LTL”) freight services across all lengths of haul.

FedEx Services – offers sales, marketing, information technology, communications and back-office support.

The company was incorporated in the state of Delaware on October 2, 1997 and is publicly traded on the New York Stock Exchange (NYSE).

Overview

FedEx logo


Operating data (in $ millions) 2013 2012
Revenues $44,287 $42,680
Operating expenses $41,736 $39,494
Operating income $2,551 $3,186
Other expense $96 $45
Income before income taxes $2,455 $3,141
Provision for income taxes $894 $1,109
Net income $1,561 $2,032
Comprehensive income (loss) $2,694 $(371)
Balance sheet data (in $ millions)
Total assets $33,567 $29,903
Long-term debt $2,739 $1,250
Total stockholders’ equity $17,398 $14,727
Cash flow data (in $ millions)
Net cash provided by operating activities $4,688 $4,835
Net cash used in investing activities $(3,803) $(4,049)
Cash provided by (used in) financing activities $1,184 $(244)
Cash and cash equivalents at end of period $4,917 $2,843
Common share data (in $)
Basic earnings (loss) per common share $4.95 $6.44
Diluted earnings (loss) per common share $4.91 $6.41

Source: “FedEx Corporation 2013 FORM 10-K Annual Report”


News

June 18, 2014: FedEx fourth quarter profit increased. Revenue increased by 3.5% to $11.84 billion and the company reported earnings of $2.46 per diluted share, a big increase compared to last year’s quarter earnings of $2.13 per diluted share. The increase is primarily thanks to online shopping raising ground-shipping business.


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