Stock Analysis on Net

FedEx Corp. (NYSE:FDX)

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

FedEx Corp., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Net income 794 1,474 879 900 1,078 1,538 771 788 875 558 1,112 1,044 1,112 1,868 892 1,226 1,245 (334) 315 560 745 (1,969) 739 935 835
Depreciation and amortization 1,078 1,104 1,072 1,040 1,071 1,075 1,031 1,046 1,024 1,018 986 995 971 975 956 936 926 927 908 901 879 866 851 828 808
Asset impairment charges 369 66
Provision for uncollectible accounts 129 98 107 113 103 160 111 180 245 76 116 94 117 149 137 148 143 147 87 103 105 74 61 78 82
Other noncash items including leases and deferred income taxes 817 778 714 699 728 1,047 836 815 774 433 785 829 884 867 538 951 531 691 594 470 694 3,492 14 213 23
Stock-based compensation 48 33 34 40 56 40 34 40 68 39 39 43 69 39 40 46 75 31 33 37 67 33 33 40 68
Retirement plans mark-to-market adjustments (561) (650) 1,318 260 (1,228) 52 794
Loss on debt extinguishment 393
Goodwill and other asset impairment charges 157 117
Business optimization costs, net of payments (69) 76 (22) 45 (73) 3 60 (26) (14) (75) 73 19 36 102
Receivables (305) (160) 577 (561) (126) 409 885 (771) 259 (244) 453 (1,245) 726 (202) (87) (713) (387) (827) 180 (417) (267) (93) 563 (963) (380)
Other assets (223) 76 (9) 21 (131) 158 104 (44) (170) 77 1 (65) (171) 125 (109) (26) (30) 90 13 (44) (118) 71 15 9 (120)
Accounts payable and other liabilities (1,105) (364) (1,736) (505) (470) (420) (1,540) (521) (1,473) 334 (1,310) 34 (1,616) (309) (178) 43 198 (83) (921) (154) (1,537) (173) (1,080) 357 (584)
Other, net 23 (13) (6) (18) (6) (30) (16) 11 19 (32) (7) (10) (44) (36) (27) (84) (50) 14 (5) (13) (3) (11) (52) (19) (31)
Changes in assets and liabilities (1,610) (461) (1,174) (1,063) (733) 117 (567) (1,325) (1,365) 135 (863) (1,286) (1,105) (422) (401) (780) (269) (806) (733) (628) (1,925) (206) (554) (616) (1,115)
Adjustments to reconcile net income to cash provided by operating activities 393 1,224 731 874 1,152 1,909 1,505 730 732 2,944 1,136 954 972 875 1,270 1,353 1,406 2,153 889 949 (180) 4,259 405 543 (134)
Cash provided by operating activities 1,187 2,698 1,610 1,774 2,230 3,447 2,276 1,518 1,607 3,502 2,248 1,998 2,084 2,743 2,162 2,579 2,651 1,819 1,204 1,509 565 2,290 1,144 1,478 701
Capital expenditures (767) (1,202) (1,379) (1,305) (1,290) (1,754) (1,278) (1,858) (1,284) (2,384) (1,236) (1,573) (1,570) (1,682) (1,376) (1,402) (1,424) (1,163) (1,439) (1,848) (1,418) (1,733) (1,123) (1,455) (1,179)
Business acquisitions, net of cash acquired (3) (225) (66)
Purchase of investments (61) (66) (35) (73) (2) (2) (4) (43) (35) (2) (145)
Proceeds from sale of investments 13 14 24
Proceeds from asset dispositions and other 13 20 32 50 12 12 52 10 10 23 40 11 20 14 74 8 6 7 11 5 (1) 21 9 (25) 78
Cash used in investing activities (802) (1,234) (1,358) (1,328) (1,280) (1,744) (1,230) (1,891) (1,309) (2,363) (1,341) (1,562) (1,550) (1,671) (1,527) (1,394) (1,418) (1,156) (1,428) (1,843) (1,419) (1,778) (1,114) (1,480) (1,101)
Proceeds from (principal payments on) short-term borrowings, net (298) 148 150 (220) (28) (51) 299
Principal payments on debt (34) (4) (49) (28) (66) (29) (91) (3) (29) (48) (41) (8) (64) (6,213) (30) (30) (45) (1,503) (24) (36) (985) (562) (89) (783) (2)
Proceeds from debt issuances 3,242 11 959 4,463 2,093 1,230 1,233
Proceeds from stock issuances 404 226 54 54 157 117 25 8 81 33 40 27 84 258 51 349 82 26 12 14 12 43 13 20 25
Dividends paid (339) (310) (314) (317) (318) (289) (290) (299) (299) (195) (198) (200) (200) (173) (172) (171) (170) (170) (170) (169) (170) (169) (341) (173)
Purchase of treasury stock (1,000) (500) (1,000) (500) (500) (1,500) (1,500) (199) (549) (3) (115) (94) (646) (625)
Other, net (4) (7) 1 (1) 1 (1) (25) (1) (11) (1) (4) (5) (9) 4 (3) 4
Cash provided by (used in) financing activities (969) (592) (1,316) (791) (727) (201) (356) (1,793) (247) (211) (1,699) (379) (730) (2,911) (152) 148 825 2,514 (34) (41) 942 (1,032) 695 (230) (472)
Effect of exchange rate changes on cash 26 (15) (21) 19 (24) (19) 37 (38) (98) (96) 24 (77) (38) 70 34 52 15 (62) (7) 17 (18) (33) 24 (14) (24)
Net increase (decrease) in cash and cash equivalents (558) 857 (1,085) (326) 199 1,483 727 (2,204) (47) 832 (768) (20) (234) (1,769) 517 1,385 2,073 3,115 (265) (358) 70 (553) 749 (246) (896)

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).

Cash flow statement item Description The company
Cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. FedEx Corp. cash provided by operating activities increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.
Cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. FedEx Corp. cash used in investing activities increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025.
Cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. FedEx Corp. cash provided by (used in) financing activities increased from Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025 not reaching Q3 2024 level.