Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

FedEx Corp., consolidated balance sheet: assets

US$ in millions

	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Cash and cash equivalents	6,501)	6,856)	6,897)	7,087)	4,881)	2,319)
Receivables, less allowances	10,087)	10,188)	11,863)	12,069)	10,102)	9,116)
Spare parts, supplies, and fuel, less allowances	614)	604)	637)	587)	572)	553)
Prepaid expenses and other	1,005)	962)	968)	837)	828)	1,098)
Current assets	18,207)	18,610)	20,365)	20,580)	16,383)	13,086)
Net property and equipment	41,491)	40,698)	38,091)	35,752)	33,608)	30,429)
Operating lease right-of-use assets, net	17,115)	17,347)	16,613)	15,383)	13,917)	—)
Goodwill	6,423)	6,435)	6,544)	6,992)	6,372)	6,884)
Other assets	3,771)	4,053)	4,381)	4,070)	3,257)	4,004)
Other long-term assets	27,309)	27,835)	27,538)	26,445)	23,546)	10,888)
Long-term assets	68,800)	68,533)	65,629)	62,197)	57,154)	41,317)
Total assets	87,007)	87,143)	85,994)	82,777)	73,537)	54,403)

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

Assets: Selected Items

Download chart

Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	FedEx Corp. current assets decreased from 2022 to 2023 and from 2023 to 2024.
Net property and equipment	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	FedEx Corp. net property and equipment increased from 2022 to 2023 and from 2023 to 2024.
Long-term assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	FedEx Corp. long-term assets increased from 2022 to 2023 and from 2023 to 2024.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	FedEx Corp. total assets increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Current Assets: Selected Items

Download chart

Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	FedEx Corp. cash and cash equivalents decreased from 2022 to 2023 and from 2023 to 2024.
Receivables, less allowances	The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.	FedEx Corp. receivables, less allowances decreased from 2022 to 2023 and from 2023 to 2024.
Spare parts, supplies, and fuel, less allowances	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	FedEx Corp. spare parts, supplies, and fuel, less allowances decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.

FedEx Corp. (NYSE:FDX)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items