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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

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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