Question
FedEx Balance Sheets Consolidated Balance Sheets - USD ($) $ in Millions May 31, 2019 May 31, 2018 May 31, 2017 CURRENT ASSETS Cash and
FedEx Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Millions | May 31, 2019 | May 31, 2018 | May 31, 2017 |
CURRENT ASSETS | |||
Cash and cash equivalents | $ 2,319 | $ 3,265 | $ 3,969 |
Receivables, less allowances of $401 and $252 | 9,116 | 8,481 | 7,599 |
Spare parts, supplies and fuel, less allowances of $268 and $237 | 553 | 525 | 514 |
Prepaid expenses and other | 1,098 | 1,070 | 546 |
Total current assets | 13,086 | 13,341 | 12,628 |
PROPERTY AND EQUIPMENT, AT COST | |||
Aircraft and related equipment | 22,793 | 20,749 | 18,833 |
Package handling and ground support equipment | 10,409 | 9,727 | 8,989 |
Information technology | 6,268 | 5,794 | 5,396 |
Vehicles | 8,339 | 7,708 | 6,961 |
Facilities and other | 11,702 | 11,143 | 10,447 |
Gross property and equipment | 59,511 | 55,121 | 50,626 |
Less accumulated depreciation and amortization | 29,082 | 26,967 | 24,645 |
Net property and equipment | 30,429 | 28,154 | 25,981 |
OTHER LONG-TERM ASSETS | |||
Goodwill | 6,884 | 6,973 | 7,154 |
Other assets | 4,004 | 3,862 | 2,789 |
Total other long-term assets | 10,888 | 10,835 | 9,943 |
ASSETS | 54,403 | 52,330 | 48,552 |
CURRENT LIABILITIES | |||
Current portion of long-term debt | 964 | 1,342 | 22 |
Accrued salaries and employee benefits | 1,741 | 2,177 | 1,914 |
Accounts payable | 3,030 | 2,977 | 2,752 |
Accrued expenses | 3,278 | 3,131 | 3,230 |
Total current liabilities | 9,013 | 9,627 | 7,918 |
LONG-TERM DEBT, LESS CURRENT PORTION | 16,617 | 15,243 | 14,909 |
OTHER LONG-TERM LIABILITIES | |||
Deferred income taxes | 2,821 | 2,867 | 2,485 |
Pension, postretirement healthcare and other benefit obligations | 5,095 | 2,187 | 4,487 |
Self-insurance accruals | 1,899 | 1,784 | 1,494 |
Deferred lease obligations | 531 | 551 | 531 |
Deferred gains, principally related to aircraft transactions | 99 | 121 | 137 |
Other liabilities | 571 | 534 | 518 |
Total other long-term liabilities | 11,016 | 8,044 | 9,652 |
COMMITMENTS AND CONTINGENCIES |
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COMMON STOCKHOLDERS' INVESTMENT | |||
Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of May 31, 2018 and 2017 | 32 | 32 | 32 |
Additional paid-in capital | 2331 | 3,117 | 3,005 |
Retained earnings | 24,648 | 24,823 | 20,833 |
Accumulated other comprehensive loss | (865) | (578) | (415) |
Treasury stock, at cost | (9,289) | (7,978) | (7,382) |
Total common stockholders investment | 17,757 | 19,416 | 16,073 |
LIABILITIES AND STOCKHOLDERS' INVESTMENT | $ 54,403 | $ 52,330 | $ 48,552 |
FedEx Income Statements
Consolidated Statements of Income - USD ($) $ in Millions | 12 Months Ended | ||
May 31, 2019 | May 31, 2018 | May 31, 2017 | |
Income Statement [Abstract] | |||
REVENUES | $ 69,693 | $ 65,450 | $ 60,319 |
OPERATING EXPENSES: | |||
Salaries and employee benefits | 24,776 | 23,795 | 21,989 |
Purchased transportation | $ 16,654 | $ 15,101 | $ 13,630 |
Rentals and landing fees | $ 3,360 | $ 3,361 | $ 3,240 |
Depreciation and amortization | 3,353 | 3,095 | 2,995 |
Fuel | 3,889 | 3,374 | 2,773 |
Maintenance and repairs | 2,834 | 2,622 | 2,374 |
Business realignment costs | 320 | ||
Goodwill and other asset impairment charges | 380 | ||
Other | 10,041 | 9,450 | 8,752 |
OPERATING EXPENSES | 65,227 | 61,178 | 55,753 |
OPERATING INCOME | 4,466 | 4,272 | 4,566 |
OTHER (EXPENSE) INCOME: | |||
Interest expense | (588) | (558) | (512) |
Interest income | 59 | 48 | 33 |
Other retirement plans (expense) income | (3,251) | 598 | 471 |
Other, net | (31) | (7) | 21 |
OTHER INCOME (EXPENSE) | (3,811) | 81 | 13 |
INCOME BEFORE INCOME TAXES | 655 | 4,353 | 4,579 |
PROVISION FOR INCOME TAXES (BENEFIT) | 115 | (219) | 1,582 |
NET INCOME | $ 540 | $ 4,572 | $ 2,997 |
BASIC EARNINGS PER COMMON SHARE | $ 2.06 | $ 17.08 | $ 11.24 |
DILUTED EARNINGS PER COMMON SHARE | $ 2.03 | $ 16.79 | $ 11.07 |
Calculate profit margin and return on equity of year 2019, 2018 and 2017 use given Fedex Balance sheet and Income statement of company
Profit Margin |
Return on Equity |
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