FedEx (FDX) FY2012 results: revenue $42.7 billion, up 8.6% on the year
FedEx Corp. (FDX) reported revenue of $42.7 billion for fiscal 2012, the year ended 31 May 2012, up 8.6% on the year before. Net income was $2.0 billion, up 39.9%, and diluted earnings per share $6.41. The figures are the company's own, from the 10-K it filed with the SEC on 16 July 2012.
Revenue
$42.7 billion
+8.6% on the year
FY2008FY2012
Operating margin
7.5%
6.1% a year earlier
FY2008FY2012
Net income
$2.0 billion
+39.9% on the year
FY2008FY2012
Diluted EPS
$6.41
+40.3% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
42,680
39,304
34,734
+8.6%
Operating income
3,186
2,378
1,998
+34.0%
Operating margin
7.5%
6.1%
5.8%
Interest expense
52.0
86.0
-79.0
-39.5%
Pre-tax income
3,141
2,265
1,894
+38.7%
Income tax
1,109
813
710
+36.4%
Effective tax rate
35.3%
35.9%
37.5%
Net income
2,032
1,452
1,184
+39.9%
Net margin
4.8%
3.7%
3.4%
Diluted EPS
$6.41
$4.57
$3.76
+40.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
4,835
4,041
3,138
+19.6%
Capital expenditure
4,007
3,434
2,816
+16.7%
Free cash flow
828
607
322
+36.4%
Free cash flow margin
1.9%
1.5%
0.9%
Cash from investing
-4,049
-3,419
-2,781
Cash from financing
-244
-287
-692
Depreciation and amortisation
2,113
1,973
1,958
+7.1%
Share-based compensation
105
98.0
101
+7.1%
Buybacks
197
n/a
n/a
Dividends paid
164
151
138
+8.6%
Dividend per share
$0.52
$0.48
n/a
+8.3%
Diluted shares, weighted
317m
317m
314m
0.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
14,727
15,220
13,811
-3.2%
Debt
1,667
1,539
1,789
+8.3%
Other liabilities
13,509
10,626
9,302
+27.1%
Total liabilities and equity
29,903
27,385
24,902
+9.2%
Fixed assets
17,248
15,543
14,385
+11.0%
Goodwill
2,387
2,326
2,200
+2.6%
Intangible assets
34.0
38.0
69.0
-10.5%
Cash and equivalents
2,843
2,328
1,952
+22.1%
Receivables
4,704
4,581
4,163
+2.7%
Other assets
2,687
2,569
2,133
+4.6%
Total assets
29,903
27,385
24,902
+9.2%
10-K for the year ended 31 May 2012, filed 16 July 2012: the filing.