Stock Analysis on Net

FedEx Corp. (NYSE:FDX)

Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
Cash and cash equivalents 5,943 6,501 5,644 6,729 7,055 6,856 5,373 4,646 6,850 6,897 6,065 6,833 6,853 7,087 8,856 8,339 6,954 4,881 1,766 2,031 2,389 2,319 2,872 2,123 2,369
Receivables, less allowances 10,312 10,087 9,904 10,665 10,207 10,188 10,721 11,644 11,055 11,863 11,668 12,197 11,125 12,069 11,481 11,417 10,508 10,102 9,323 9,709 9,312 9,116 9,037 9,573 8,716
Spare parts, supplies, and fuel, less allowances 611 614 640 632 631 604 631 655 647 637 611 594 577 587 583 587 593 572 568 576 574 553 546 522 523
Prepaid expenses and other 1,228 1,005 1,236 1,091 994 962 1,219 1,272 1,054 968 1,122 1,123 991 837 790 922 848 828 884 882 742 1,098 1,045 1,220 1,033
Current assets 18,094 18,207 17,424 19,117 18,887 18,610 17,944 18,217 19,606 20,365 19,466 20,747 19,546 20,580 21,710 21,265 18,903 16,383 12,541 13,198 13,017 13,086 13,500 13,438 12,641
Property and equipment, at cost 85,158 84,391 84,145 83,281 81,992 80,624 79,335 78,532 76,712 75,275 74,146 72,974 71,542 70,077 68,703 67,514 66,446 65,024 64,305 62,715 61,436 59,511 58,164 57,501 56,326
Accumulated depreciation and amortization (43,903) (42,900) (42,616) (41,749) (40,818) (39,926) (39,486) (38,811) (37,906) (37,184) (36,770) (35,821) (35,061) (34,325) (33,713) (32,904) (32,184) (31,416) (30,999) (30,307) (29,826) (29,082) (28,396) (28,114) (27,547)
Net property and equipment 41,255 41,491 41,529 41,532 41,174 40,698 39,849 39,721 38,806 38,091 37,376 37,153 36,481 35,752 34,990 34,610 34,262 33,608 33,306 32,408 31,610 30,429 29,768 29,387 28,779
Operating lease right-of-use assets, net 17,094 17,115 16,935 17,243 17,327 17,347 17,410 17,373 17,219 16,613 16,605 16,018 15,414 15,383 14,964 14,845 14,496 13,917 13,981 14,097 13,819
Goodwill 6,512 6,423 6,425 6,468 6,422 6,435 6,455 6,377 6,316 6,544 6,755 6,702 6,843 6,992 6,977 6,702 6,633 6,372 6,814 6,861 6,821 6,884 6,916 6,908 6,869
Other assets 3,756 3,771 3,801 3,691 3,766 4,053 4,117 3,903 3,879 4,381 3,906 3,627 3,764 4,070 4,152 3,734 3,354 3,257 3,372 3,390 3,185 4,004 4,280 3,556 3,612
Other long-term assets 27,362 27,309 27,161 27,402 27,515 27,835 27,982 27,653 27,414 27,538 27,266 26,347 26,021 26,445 26,093 25,281 24,483 23,546 24,167 24,348 23,825 10,888 11,196 10,464 10,481
Long-term assets 68,617 68,800 68,690 68,934 68,689 68,533 67,831 67,374 66,220 65,629 64,642 63,500 62,502 62,197 61,083 59,891 58,745 57,154 57,473 56,756 55,435 41,317 40,964 39,851 39,260
Total assets 86,711 87,007 86,114 88,051 87,576 87,143 85,775 85,591 85,826 85,994 84,108 84,247 82,048 82,777 82,793 81,156 77,648 73,537 70,014 69,954 68,452 54,403 54,464 53,289 51,901

Based on: 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).


Assets: Selected Items

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 increased from Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025.
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 decreased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
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 Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.
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 Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025.

Current Assets: Selected Items

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 increased from Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025 not reaching Q3 2024 level.
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 increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
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 Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.