FedEx (FDX) FY2015 results: revenue $47.5 billion, up 4.1% on the year
FedEx Corp. (FDX) reported revenue of $47.5 billion for fiscal 2015, the year ended 31 May 2015, up 4.1% on the year before. Net income was $1.1 billion, down 54.8%, and diluted earnings per share $3.65. The figures are the company's own, from the 10-K it filed with the SEC on 14 July 2015.
Revenue
$47.5 billion
+4.1% on the year
FY2008FY2015
Operating margin
3.9%
8.4% a year earlier
FY2008FY2015
Net income
$1.1 billion
-54.8% on the year
FY2008FY2015
Diluted EPS
$3.65
-51.2% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
47,453
45,567
44,287
+4.1%
Operating income
1,867
3,815
4,434
-51.1%
Operating margin
3.9%
8.4%
10.0%
Interest expense
235
160
82.0
+46.9%
Pre-tax income
1,627
3,658
4,338
-55.5%
Income tax
577
1,334
1,622
-56.7%
Effective tax rate
35.5%
36.5%
37.4%
Net income
1,050
2,324
2,716
-54.8%
Net margin
2.2%
5.1%
6.1%
Diluted EPS
$3.65
$7.48
$8.55
-51.2%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
5,366
4,264
4,688
+25.8%
Capital expenditure
4,347
3,533
3,375
+23.0%
Free cash flow
1,019
731
1,313
+39.4%
Free cash flow margin
2.1%
1.6%
3.0%
Cash from investing
-5,752
-3,551
-3,803
Cash from financing
1,349
-2,719
1,184
Depreciation and amortisation
2,611
2,587
2,386
+0.9%
Share-based compensation
133
117
109
+13.7%
Buybacks
1,254
4,857
246
-74.2%
Dividends paid
227
187
177
+21.4%
Dividend per share
$0.80
$0.60
$0.56
+33.3%
Diluted shares, weighted
287m
310m
317m
-7.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
14,993
15,277
17,398
-1.9%
Debt
7,268
4,737
3,000
+53.4%
Other liabilities
14,208
13,056
13,169
+8.8%
Total liabilities and equity
36,469
33,070
33,567
+10.3%
Fixed assets
20,875
19,550
18,484
+6.8%
Goodwill
3,810
2,790
2,755
+36.6%
Intangible assets
207
57.0
72.0
+263.2%
Cash and equivalents
3,763
2,908
4,917
+29.4%
Receivables
5,719
5,460
5,044
+4.7%
Other assets
2,095
2,305
2,295
-9.1%
Total assets
36,469
33,070
33,567
+10.3%
10-K for the year ended 31 May 2015, filed 14 July 2015: the filing.